Consumer · Tobacco

Altria Group, Inc.

NYSEMO ISINUS02209S1033 SEC CIK0000764180 Listed on NYSE · USD

$78.66 +1.27 (+1.64%) Pre-market $78.15 (+0.98%) ≈ ₹7,382 a share

Open chart

Price, last 12 months+33.36% in a year

Key numbers

Market value: $130.85B
P/E (TTM): 16.2
Forward P/E: 13.5
EPS (TTM): $4.84
Dividend yield: 5.64%
Beta: 0.46
Day range: $77.64 – $78.66
52-week range: $54.70 – $79.87
Volume: 1,257,635
10-day avg volume: $10.22M
Revenue (TTM): $23.52B
EBITDA (TTM): $12.69B
Gross margin: 63.3%
Net margin: 34.5%
Return on equity: 407.7%
Debt / equity: -1,081.4%
Price / sales: 5.56
Shares out: 1.66B

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$5.98B$2.80B$2.06B

Dec 23

$5.58B$2.67B$2.13B

Mar 24

$6.21B$2.53B$3.80B

Jun 24

$6.26B$3.15B$2.29B

Sep 24

$5.97B$2.88B$3.04B

Dec 24

$5.26B$1.79B$1.08B

Mar 25

$6.10B$3.23B$2.38B

Jun 25

$6.07B$3.23B$2.38B

Sep 25

$5.85B$1.65B$1.12B

Dec 25

$5.43B$2.96B$2.18B

Mar 26

$6.11B$3.14B$2.30B

Jun 26

$6.13B$3.31B$2.52B

Sep 26

Revenue · QoQ (vs last quarter)

—-6.7%+11%+0.8%-4.6%-12%+16%-0.5%-3.7%-7.2%+13%+0.3%

Revenue · YoY (vs a year ago)

————0.0%-5.7%-1.7%-3.0%-2.1%+3.2%+0.1%+1.0%

Net income · QoQ (vs last quarter)

—+3.3%+79%-40%+33%-65%+121%-0.1%-53%+95%+5.3%+9.6%

Net income · YoY (vs a year ago)

————+48%-49%-37%+3.6%-63%+103%-3.4%+6.0%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$5.98B	$5.58B	$6.21B	$6.26B	$5.97B	$5.26B	$6.10B	$6.07B	$5.85B	$5.43B	$6.11B	$6.13B
Cost of revenue	$1.53B	$1.44B	$1.60B	$1.54B	$1.50B	$1.27B	$1.44B	$1.44B	$1.45B	$1.25B	$1.54B	$1.50B
Gross profit	$3.50B	$3.28B	$3.68B	$3.81B	$3.60B	$3.25B	$3.85B	$3.81B	$3.63B	$3.51B	$3.82B	$3.94B
Gross margin	58.6%	58.8%	59.2%	60.8%	60.3%	61.8%	63.1%	62.8%	62.1%	64.6%	62.5%	64.3%
Operating income	$2.80B	$2.67B	$2.53B	$3.15B	$2.88B	$1.79B	$3.23B	$3.23B	$1.65B	$2.96B	$3.14B	$3.31B
Operating margin	46.8%	48.0%	40.8%	50.4%	48.2%	34.0%	52.9%	53.2%	28.2%	54.5%	51.3%	54.0%
Pre-tax income	$2.74B	$2.74B	$5.12B	$3.03B	$2.78B	$1.68B	$3.12B	$3.08B	$1.51B	$2.86B	$2.93B	$3.29B
Income tax	$675.00M	$610.00M	$1.31B	$733.00M	$-262.00M	$606.00M	$740.00M	$700.00M	$396.00M	$676.00M	$631.00M	$776.00M
Net income	$2.06B	$2.13B	$3.80B	$2.29B	$3.04B	$1.08B	$2.38B	$2.38B	$1.12B	$2.18B	$2.30B	$2.52B
Net margin	34.5%	38.2%	61.2%	36.6%	50.9%	20.5%	39.0%	39.1%	19.1%	40.2%	37.6%	41.1%
EPS (diluted)	—	$1.21	$2.21	$1.34	—	$0.63	$1.41	$1.41	—	$1.30	$1.37	$1.51

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$25.36B$12.25B$6.96B

FY18

$25.11B$12.71B$-1.29B

FY19

$26.15B$13.02B$4.47B

FY20

$26.01B$13.99B$2.48B

FY21

$25.10B$14.25B$5.76B

FY22

$24.48B$14.28B$8.13B

FY23

$24.02B$14.37B$11.26B

FY24

$23.28B$14.54B$6.95B

FY25

Revenue · YoY (vs a year ago)

—-1.0%+4.2%-0.5%-3.5%-2.4%-1.9%-3.1%

Net income · YoY (vs a year ago)

—-119%+445%-45%+133%+41%+39%-38%

RevenueGross profitNet incomeLine = trend

$3.68

FY18

$-0.70

FY19

$2.40

FY20

$1.34

FY21

$3.19

FY22

$4.57

FY23

$6.54

FY24

$4.12

FY25

EPS (diluted) · YoY (vs a year ago)

—-119%+443%-44%+138%+43%+43%-37%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$25.36B	$25.11B	$26.15B	$26.01B	$25.10B	$24.48B	$24.02B	$23.28B
Revenue growth	—	-1.0%	4.2%	-0.5%	-3.5%	-2.4%	-1.9%	-3.1%
Cost of revenue	$7.37B	$7.09B	$7.82B	$7.12B	$6.44B	$6.22B	$6.08B	$5.60B
Gross profit	$12.25B	$12.71B	$13.02B	$13.99B	$14.25B	$14.28B	$14.37B	$14.54B
Gross margin	48.3%	50.6%	49.8%	53.8%	56.8%	58.3%	59.8%	62.5%
Research & development	$252.00M	$168.00M	$131.00M	$145.00M	$162.00M	$220.00M	$208.00M	$195.00M
Operating income	$9.12B	$10.33B	$10.87B	$11.56B	$11.92B	$11.55B	$11.24B	$9.90B
Operating margin	35.9%	41.1%	41.6%	44.4%	47.5%	47.2%	46.8%	42.5%
Depreciation & amortisation	$227.00M	$226.00M	$257.00M	$244.00M	$226.00M	$272.00M	$286.00M	$266.00M
Interest expense	$697.00M	$1.32B	$1.22B	$1.19B	$1.13B	$1.15B	$1.12B	$1.18B
Pre-tax income	$9.34B	$766.00M	$6.89B	$3.82B	$7.39B	$10.93B	$13.66B	$9.39B
Income tax	$2.37B	$2.06B	$2.44B	$1.35B	$1.63B	$2.80B	$2.39B	$2.44B
Tax rate	25.4%	269.5%	35.4%	35.3%	22.0%	25.6%	17.5%	26.0%
Net income	$6.96B	$-1.29B	$4.47B	$2.48B	$5.76B	$8.13B	$11.26B	$6.95B
Net margin	27.5%	-5.1%	17.1%	9.5%	23.0%	33.2%	46.9%	29.8%
EPS (diluted)	$3.68	$-0.70	$2.40	$1.34	$3.19	$4.57	$6.54	$4.12

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$14.79B$13.04B$1.33B

FY18

$6.22B$28.04B$2.12B

FY19

$2.84B$29.47B$4.95B

FY20

$-1.61B$28.04B$4.54B

FY21

$-3.97B$26.68B$4.03B

FY22

$-3.54B$26.23B$3.69B

FY23

$-2.24B$24.93B$3.13B

FY24

$-3.50B$25.71B$4.47B

FY25

Shareholders' equity · YoY (vs a year ago)

—-58%-54%-157%-147%+11%+37%-56%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$1.33B	$2.12B	$4.95B	$4.54B	$4.03B	$3.69B	$3.13B	$4.47B
Current assets	$4.30B	$4.82B	$7.12B	$6.08B	$7.22B	$5.59B	$4.51B	$5.93B
Total assets	$55.46B	$49.27B	$47.41B	$39.52B	$36.95B	$38.57B	$35.18B	$35.02B
Current liabilities	$21.19B	$8.17B	$9.06B	$8.58B	$8.62B	$11.32B	$8.78B	$9.15B
Long-term debt	$11.90B	$27.04B	$27.97B	$26.94B	$25.12B	$25.11B	$23.40B	$24.14B
Short-term debt	$1.14B	$1.00B	$1.50B	$1.11B	$1.56B	$1.12B	$1.53B	$1.57B
Total debt	$13.04B	$28.04B	$29.47B	$28.04B	$26.68B	$26.23B	$24.93B	$25.71B
Total liabilities	$40.63B	$42.91B	$44.45B	$41.13B	$40.88B	$42.06B	$37.37B	$38.47B
Shareholders' equity	$14.79B	$6.22B	$2.84B	$-1.61B	$-3.97B	$-3.54B	$-2.24B	$-3.50B
Current ratio	0.20	0.59	0.79	0.71	0.84	0.49	0.51	0.65
Debt / equity	0.88	4.51	10.38	—	—	—	—	—
Return on equity	47.1%	-20.8%	157.3%	—	—	—	—	—

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$8.39B$8.15B$7.09B

FY18

$7.84B$7.59B$6.91B

FY19

$8.39B$8.15B$6.29B

FY20

$8.41B$8.24B$8.12B

FY21

$8.26B$8.05B$8.42B

FY22

$9.29B$9.09B$7.78B

FY23

$8.75B$8.61B$10.25B

FY24

$9.29B$9.07B$7.96B

FY25

Operating cash flow · YoY (vs a year ago)

—-6.6%+7.0%+0.2%-1.8%+12%-5.7%+6.1%

Free cash flow · YoY (vs a year ago)

—-6.9%+7.4%+1.0%-2.2%+13%-5.3%+5.4%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$8.39B	$7.84B	$8.39B	$8.41B	$8.26B	$9.29B	$8.75B	$9.29B
Capital spending	$-238.00M	$-246.00M	$-231.00M	$-169.00M	$-205.00M	$-196.00M	$-142.00M	$-216.00M
Free cash flow	$8.15B	$7.59B	$8.15B	$8.24B	$8.05B	$9.09B	$8.61B	$9.07B
FCF margin	32.1%	30.2%	31.2%	31.7%	32.1%	37.1%	35.9%	39.0%
Cash from investing	$-12.99B	$-2.40B	$-143.00M	$1.21B	$782.00M	$-1.28B	$2.18B	$-341.00M
Cash from financing	$4.72B	$-4.71B	$-5.40B	$-10.03B	$-9.54B	$-8.37B	$-11.49B	$-7.62B
Dividends paid	$-5.42B	$-6.07B	$-6.29B	$-6.45B	$-6.60B	$-6.78B	$-6.85B	$-6.96B
Share buybacks	$-1.67B	$-845.00M	$0	$-1.68B	$-1.83B	$-1.00B	$-3.40B	$-1.00B

About

About Altria Group, Inc.

Altria Group, Inc. is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and medical products in the treatment of illnesses caused by tobacco. It operates worldwide and is headquartered in the city of Richmond, Virginia.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Altria Group, Inc.
Ticker: MO
Exchange: NYSE
ISIN: US02209S1033
SEC CIK: 0000764180
Sector: Consumer
Industry: Tobacco
SEC industry (SIC): Cigarettes (2111)
Incorporated in: Virginia
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 25 Feb 2026
CEO: Salvatore Mancuso
Chair: Kathryn B. McQuade
Headquarters: Richmond
Address: 6601 West Broad Street, Richmond, Va 23230
Founded: 1985
Employees: 5,900
Formerly known as: Philip Morris Companies Inc
Trades in: US dollars (USD)
Website: altria.com

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Altria Group, Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

Peers