British American Tobacco p.l.c. vs Mondelez International, Inc., two Food & Beverage stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Mondelez sells snacks the world buys more of each year; British American Tobacco sells cigarettes the world buys less of. That single fact drives the multiples. Mondelez commands 30.06 times earnings against BTI's 14.13, even though BTI keeps 30.32% of revenue as profit versus Mondelez's slim 6.64% and earns more on equity, 16.13% against 10.11%. BTI's free cash yield of 5.34% beats Mondelez's 3.3%. The snack maker's growth premium shows in its book multiple too, 3.03 against BTI's 2.25. BTI is nearly double Mondelez's size, $137.3B against $78.1B. Investors pay up for the rising snack and discount the fading pack.
Comparison updated 2026-07-11.
| Metric | BTI | MDLZ |
|---|---|---|
| Price | $60.01 | $58.81 |
| Market cap | $131.2B | $75.6B |
| Sector | Food & Beverage | Food & Beverage |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | +9.8% |
| P/E | 13.5 | 29.1 |
| P/B | 2.15 | 2.93 |
| P/S | 4.05 | 1.92 |
| EV/EBITDA | 10.0 | 15.5 |
| Revenue growth | +0.0% | +7.8% |
| Gross margin | — | 27.8% |
| Operating margin | 39.0% | 8.0% |
| Net margin | 30.3% | 6.6% |
| Return on equity | 16.1% | 10.1% |
| Return on assets | 7.1% | 3.7% |
| Return on invested capital | 16.4% | 10.1% |
| FCF yield | 5.6% | 3.4% |
| Dividend yield | — | 3.3% |
| Debt / equity | 0.00 | 0.11 |
| Current ratio | 0.87 | 0.54 |
| Altman Z (solvency) | 6.81 | 2.13 |
| Piotroski F (quality) | 6 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.