| Rank | Logo | Company | Market Cap | Country |
|---|---|---|---|---|
| 1 |  | Philip Morris International | $258.62 B | USA |
| 2 |  | British American Tobacco | $126.76 B | UK |
| 3 |  | Altria Group | $109.33 B | USA |
| 4 |  | Japan Tobacco | $65.03 B | Japan |
| 5 |  | ITC | $40.03 B | India |
| 6 |  | Imperial Brands | $32.20 B | UK |
| 7 |  | KT&G (Korea Tobacco) | $11.01 B | S. Korea |
| 8 |  | Smoore International Holdings | $7.16 B | China |
| 9 |  | Sampoerna | $5.00 B | Indonesia |
| 10 |  | RLX Technology | $2.92 B | China |
| 11 |  | Philip Morris ČR | $2.53 B | Czech Republic |
| 12 |  | Turning Point Brands | $1.69 B | USA |
| 13 |  | Gudang Garam | $1.58 B | Indonesia |
| 14 |  | Universal Corporation | $1.29 B | USA |
| 15 |  | Pakistan Tobacco Company | $1.17 B | Pakistan |
| 16 |  | Scandinavian Tobacco Group | $0.79 B | Denmark |
| 17 |  | Ispire Technology | $0.11 B | USA |
| 18 |  | 22nd Century Group | $1.86 M | USA |
| 19 |  | Kaival Brands Innovations | $0.24 M | USA |
| 20 |  | Hempacco | $0 M | USA |
