Philip Morris boosts U.S. smoke-free investments and jobs

An update from Philip Morris ( (PM) ) is now available.

On January 15, 2026, Philip Morris International and its U.S. businesses disclosed that since 2022 they have deployed more than $20 billion in U.S.-related investments, largely tied to the 2022 acquisition of Swedish Match and subsequent spending on domestic manufacturing, commercial rights, infrastructure and jobs, including more than $1 billion invested after the acquisition through September 30, 2025. The company highlighted new infrastructure projects in Colorado, Kentucky and North Carolina expected to create over 1,000 direct and 1,500 indirect jobs and deliver an estimated annual economic impact exceeding $800 million, alongside more than $35 million in charitable contributions since 2022—nearly $12 million of which went to about 600 nonprofits in 47 states and Washington, D.C. in 2025 alone. PMI U.S. underscored its role as a U.S. leader in “modern nicotine” and smoke-free products such as ZYN and IQOS, noting that PMI affiliates hold a dominant share of FDA modified-risk and premarket tobacco product marketing authorizations, and that its U.S. workforce has grown from several hundred to over 3,000 employees as it seeks to accelerate the shift of America’s roughly 30 million adult smokers to science-based, smoke-free alternatives.

The most recent analyst rating on (PM) stock is a Buy with a $185.00 price target. To see the full list of analyst forecasts on Philip Morris stock, see the PM Stock Forecast page.

Spark’s Take on PM Stock

According to Spark, TipRanks’ AI Analyst, PM is a Neutral.

Philip Morris’s overall stock score is driven by strong earnings performance and strategic corporate actions, offset by high leverage and a bearish technical outlook. The company’s focus on smoke-free products and geographic expansion presents a promising long-term growth trajectory, despite current financial stability concerns.

To see Spark’s full report on PM stock, click here.

More about Philip Morris

Philip Morris International is a leading global consumer goods company focused on tobacco and nicotine products, including cigarettes and smoke-free offerings such as heat-not-burn devices, nicotine pouches and e-vapor products, with smoke-free products now representing a growing share of its revenue. Listed on the NYSE and headquartered in Stamford, Connecticut, PMI and its U.S. businesses employ more than 3,000 people across the United States, operate manufacturing facilities in Kentucky and North Carolina, and position themselves as driving a transition toward a smoke-free future while pursuing long-term expansion into wellness and healthcare.

Average Trading Volume: 6,345,106

Technical Sentiment Signal: Strong Buy

Current Market Cap: $266.3B

See more insights into PM stock on TipRanks’ Stock Analysis page.