May 24, 2022
PM, MO and BTI are the largest stocks by Market Cap.
The tobacco industry might be a relic of a bygone era, one where tobacco products didn’t elicit a reflex from the layperson. However, in spite of its newfound status as a “dirty business”, the highly-consolidated tobacco industry is still an income monster.
Philip Morris and Altria, two of the largest proprietors in the space, continue to make tens of billions every year by selling cigarettes. Be wary of those lofty figures, though, sin companies are increasingly on the blacklist of major fund managers and investors.
Here’s a list of the top tobacco companies we’re tracking on Front: