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RLX vs MO vs PM
Revenue, margins, valuation, and 5-year total return — side by side.
Tobacco
Tobacco
RLX vs MO vs PM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Tobacco | Tobacco | Tobacco |
| Market Cap | $1.96B | $115.43B | $266.67B |
| Revenue (TTM) | $3.27B | $21.82B | $41.49B |
| Net Income (TTM) | $764M | $8.05B | $11.10B |
| Gross Margin | 31.9% | 67.8% | 67.3% |
| Operating Margin | 6.1% | 50.7% | 36.8% |
| Forward P/E | 2.2x | 12.2x | 20.4x |
| Total Debt | $58M | $25.71B | $48.84B |
| Cash & Equiv. | $5.59B | $4.48B | $4.87B |
RLX vs MO vs PM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 21 | May 26 | Return |
|---|---|---|---|
| RLX Technology Inc. (RLX) | 100 | 9.6 | -90.4% |
| Altria Group, Inc. (MO) | 100 | 168.1 | +68.1% |
| Philip Morris Inter… (PM) | 100 | 214.8 | +114.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RLX vs MO vs PM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RLX carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and valuation efficiency.
- Lower volatility, beta 0.56, Low D/E 0.4%, current ratio 10.84x
- PEG 0.03 vs PM's 2.88
- Beta 0.56, yield 0.5%, current ratio 10.84x
MO is the clearest fit if your priority is income & stability.
- Dividend streak 16 yrs, beta -0.29, yield 6.0%
- 36.9% margin vs RLX's 23.4%
- 6.0% yield, 16-year raise streak, vs RLX's 0.5%
PM is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 7.3%, EPS growth 60.6%, 3Y rev CAGR 8.6%
- 118.9% 10Y total return vs MO's 62.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 96.5% revenue growth vs MO's -1.5% | |
| Value | Lower P/E (2.2x vs 20.4x), PEG 0.03 vs 2.88 | |
| Quality / Margins | 36.9% margin vs RLX's 23.4% | |
| Dividends | 6.0% yield, 16-year raise streak, vs RLX's 0.5% | |
| Momentum (1Y) | +25.1% vs PM's +0.9% | |
| Efficiency (ROA) | 23.5% ROA vs RLX's 4.4%, ROIC 60.4% vs -0.7% |
RLX vs MO vs PM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
RLX vs MO vs PM — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
MO leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PM is the larger business by revenue, generating $41.5B annually — 12.7x RLX's $3.3B. MO is the more profitable business, keeping 36.9% of every revenue dollar as net income compared to RLX's 23.4%. On growth, RLX holds the edge at +52.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $3.3B | $21.8B | $41.5B |
| EBITDAEarnings before interest/tax | $218M | $11.3B | $17.2B |
| Net IncomeAfter-tax profit | $764M | $8.1B | $11.1B |
| Free Cash FlowCash after capex | $1.3B | $8.6B | $10.7B |
| Gross MarginGross profit ÷ Revenue | +31.9% | +67.8% | +67.3% |
| Operating MarginEBIT ÷ Revenue | +6.1% | +50.7% | +36.8% |
| Net MarginNet income ÷ Revenue | +23.4% | +36.9% | +26.7% |
| FCF MarginFCF ÷ Revenue | +39.2% | +39.5% | +25.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +52.2% | +20.1% | +9.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +23.1% | +106.3% | -9.3% |
Valuation Metrics
Evenly matched — RLX and MO each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 16.8x trailing earnings, MO trades at a 51% valuation discount to RLX's 34.1x P/E. Adjusting for growth (PEG ratio), RLX offers better value at 0.49x vs PM's 3.33x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $2.0B | $115.4B | $266.7B |
| Enterprise ValueMkt cap + debt − cash | $1.1B | $136.7B | $310.6B |
| Trailing P/EPrice ÷ TTM EPS | 34.11x | 16.80x | 23.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 2.16x | 12.22x | 20.38x |
| PEG RatioP/E ÷ EPS growth rate | 0.49x | 1.48x | 3.33x |
| EV / EBITDAEnterprise value multiple | — | 8.91x | 18.35x |
| Price / SalesMarket cap ÷ Revenue | 5.46x | 5.73x | 6.56x |
| Price / BookPrice ÷ Book value/share | 1.18x | — | — |
| Price / FCFMarket cap ÷ FCF | 15.84x | 12.72x | 25.01x |
Profitability & Efficiency
MO leads this category, winning 4 of 7 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), RLX scores 7/9 vs MO's 6/9, reflecting strong financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +4.7% | — | — |
| ROA (TTM)Return on assets | +4.4% | +23.5% | +16.2% |
| ROICReturn on invested capital | -0.7% | +60.4% | +33.2% |
| ROCEReturn on capital employed | -0.7% | +57.6% | +36.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.00x | — | — |
| Net DebtTotal debt minus cash | -$5.5B | $21.2B | $44.0B |
| Cash & Equiv.Liquid assets | $5.6B | $4.5B | $4.9B |
| Total DebtShort + long-term debt | $58M | $25.7B | $48.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 10.68x | 10.25x |
Total Returns (Dividends Reinvested)
PM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PM five years ago would be worth $20,264 today (with dividends reinvested), compared to $2,066 for RLX. Over the past 12 months, RLX leads with a +25.1% total return vs PM's +0.9%. The 3-year compound annual growth rate (CAGR) favors PM at 25.2% vs RLX's -0.7% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -2.8% | +22.3% | +7.7% |
| 1-Year ReturnPast 12 months | +25.1% | +20.2% | +0.9% |
| 3-Year ReturnCumulative with dividends | -2.1% | +74.1% | +96.1% |
| 5-Year ReturnCumulative with dividends | -79.3% | +77.1% | +102.6% |
| 10-Year ReturnCumulative with dividends | -92.3% | +62.3% | +118.9% |
| CAGR (3Y)Annualised 3-year return | -0.7% | +20.3% | +25.2% |
Risk & Volatility
MO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MO is the less volatile stock with a -0.29 beta — it tends to amplify market swings less than RLX's 0.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MO currently trades 92.6% from its 52-week high vs RLX's 75.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.56x | -0.29x | -0.07x |
| 52-Week HighHighest price in past year | $2.84 | $74.56 | $191.30 |
| 52-Week LowLowest price in past year | $1.79 | $54.70 | $142.11 |
| % of 52W HighCurrent price vs 52-week peak | +75.9% | +92.6% | +89.4% |
| RSI (14)Momentum oscillator 0–100 | 52.6 | 56.7 | 58.2 |
| Avg Volume (50D)Average daily shares traded | 2.0M | 9.1M | 4.5M |
Analyst Outlook
MO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: RLX as "Hold", MO as "Buy", PM as "Buy". Consensus price targets imply 9.6% upside for PM (target: $188) vs -0.8% for MO (target: $69). For income investors, MO offers the higher dividend yield at 6.01% vs RLX's 0.47%.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | — | $68.50 | $187.60 |
| # AnalystsCovering analysts | 1 | 26 | 25 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +6.0% | +3.2% |
| Dividend StreakConsecutive years of raises | 2 | 16 | 16 |
| Dividend / ShareAnnual DPS | $0.07 | $4.15 | $5.54 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.4% | +0.9% | 0.0% |
MO leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PM leads in 1 (Total Returns). 1 tied.
RLX vs MO vs PM: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RLX or MO or PM a better buy right now?
For growth investors, RLX Technology Inc.
(RLX) is the stronger pick with 96. 5% revenue growth year-over-year, versus -1. 5% for Altria Group, Inc. (MO). Altria Group, Inc. (MO) offers the better valuation at 16. 8x trailing P/E (12. 2x forward), making it the more compelling value choice. Analysts rate Altria Group, Inc. (MO) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — RLX or MO or PM?
On trailing P/E, Altria Group, Inc.
(MO) is the cheapest at 16. 8x versus RLX Technology Inc. at 34. 1x. On forward P/E, RLX Technology Inc. is actually cheaper at 2. 2x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: RLX Technology Inc. wins at 0. 03x versus Philip Morris International Inc. 's 2. 88x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — RLX or MO or PM?
Over the past 5 years, Philip Morris International Inc.
(PM) delivered a total return of +102. 6%, compared to -79. 3% for RLX Technology Inc. (RLX). Over 10 years, the gap is even starker: PM returned +118. 9% versus RLX's -92. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RLX or MO or PM?
By beta (market sensitivity over 5 years), Altria Group, Inc.
(MO) is the lower-risk stock at -0. 29β versus RLX Technology Inc. 's 0. 56β — meaning RLX is approximately -294% more volatile than MO relative to the S&P 500.
05Which is growing faster — RLX or MO or PM?
By revenue growth (latest reported year), RLX Technology Inc.
(RLX) is pulling ahead at 96. 5% versus -1. 5% for Altria Group, Inc. (MO). On earnings-per-share growth, the picture is similar: Philip Morris International Inc. grew EPS 60. 6% year-over-year, compared to -37. 2% for Altria Group, Inc.. Over a 3-year CAGR, PM leads at 8. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — RLX or MO or PM?
Altria Group, Inc.
(MO) is the more profitable company, earning 34. 5% net margin versus 22. 6% for RLX Technology Inc. — meaning it keeps 34. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MO leads at 74. 8% versus -4. 4% for RLX. At the gross margin level — before operating expenses — MO leads at 86. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is RLX or MO or PM more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, RLX Technology Inc. (RLX) is the more undervalued stock at a PEG of 0. 03x versus Philip Morris International Inc. 's 2. 88x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, RLX Technology Inc. (RLX) trades at 2. 2x forward P/E versus 20. 4x for Philip Morris International Inc. — 18. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PM: 9. 6% to $187. 60.
08Which pays a better dividend — RLX or MO or PM?
All stocks in this comparison pay dividends.
Altria Group, Inc. (MO) offers the highest yield at 6. 0%, versus 0. 5% for RLX Technology Inc. (RLX).
09Is RLX or MO or PM better for a retirement portfolio?
For long-horizon retirement investors, Altria Group, Inc.
(MO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 29), 6. 0% yield). Both have compounded well over 10 years (MO: +62. 3%, RLX: -92. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between RLX and MO and PM?
Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: RLX is a small-cap high-growth stock; MO is a mid-cap deep-value stock; PM is a large-cap income-oriented stock. MO, PM pay a dividend while RLX does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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