Verified peer comparison

PM vs KO

Philip Morris International Inc. compared with The Coca-Cola Company. This page compares both source-verified company profiles and does not introduce an unverified price target.

Philip Morris International Inc.

$189.43

Open: --
High: --
Low: --
Market Cap: --

Open stock research

The Coca-Cola Company

$189.43

Open: --
High: --
Low: --
Market Cap: --

Open stock research

Company-specific comparison

Business exposure

PM: Tobacco

KO: Soft Drinks

Upside lens

PM: The international smoke-free business delivered double-digit volume and financial growth led by IQOS, with additional contributions from ZYN and VEEV. Smoke-free products represented a larger share of group revenue, supporting mix-led gross-margin expansion as the portfolio scales across more markets. Robust pricing and resilient combustible performance provide cash and earnings support while PMI continues investing in smoke-free growth.

KO: Global unit case volume grew and Coca-Cola gained value share in total nonalcoholic ready-to-drink beverages, supporting the durability of its brand and distribution system. Organic revenue growth, disciplined operating expenses, and favorable currency supported comparable operating-margin expansion despite higher input costs and marketing investment. The planned CCBA sale can further concentrate Coca-Cola on brand ownership and concentrate economics, subject to closing and effective system execution.

Risk lens

PM: U.S. segment performance was challenged by an uneven competitive environment, making ZYN growth, pricing, and market-share execution important swing factors. Marketing restrictions, product authorization requirements, excise-tax changes, and potential product bans can limit commercialization of both smoke-free and combustible products. PMI's international footprint exposes reported results and cash repatriation to currency movements, trade restrictions, tariffs, conflicts, and country-specific political developments.

KO: Higher input costs and increased marketing investment partially offset first-quarter comparable margin expansion and could intensify if inflation persists. Reported growth and guidance benefit from currency assumptions, while the expected CCBA divestiture remains subject to regulatory approval and closing timing. Changes in consumer health preferences and taxes or restrictions targeting sugar, packaging, water use, or marketing can reduce demand or raise compliance and operating costs.

Verified sources

Philip Morris International Reports 2026 First-Quarter ResultsPhilip Morris International Inc. · earningsVerified