MO

Altria Group, Inc.

$70.52 +0.36 (+0.51%) At close · Jul 15

Market Cap

$122.10B

1,671,898,087

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$23.28B -3.1%

FY2025

Net Income

$6.95B -38.3%

FY2025

Gross Margin

62.47% +2.6pp

FY2025

Operating Margin

42.52% -4.3pp

FY2025

Diluted EPS

$4.12 -37%

FY2025

Operating Cash Flow

$9.29B +6.1%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007
Revenue	-2.5%	-2.3%	-0.9%	—	$23.45B	$23.28B	$24.02B	$24.48B	$25.1B	$26.01B	$26.15B	$25.11B	$25.36B	$25.58B	$25.74B	$25.43B	$24.52B	$24.47B	$24.62B	$23.8B	$24.36B	$23.56B	$19.36B	$18.66B
Net Interest Income	—	—	—	—	-$1.01B	—	—	-$989M	-$1.06B	-$1.16B	-$1.21B	-$1.28B	-$665M	-$705M	-$747M	-$817M	-$808M	-$1.05B	-$1.13B	-$1.22B	-$1.13B	-$1.19B	-$167M	—
Cost of Revenue	-4.6%	-6.5%	-3.2%	—	$5.58B	$5.6B	$6.08B	$6.22B	$6.44B	$7.12B	$7.82B	$7.09B	$7.37B	$7.53B	$7.77B	$7.74B	$7.79B	$7.21B	$7.94B	$7.68B	$7.7B	$7.99B	$8.27B	$7.83B
Gross Profit	+0.7%	+2.2%	+2.7%	—	$14.8B	$14.54B	$14.37B	$14.28B	$14.25B	$13.99B	$13.02B	$12.71B	$12.25B	$11.96B	$11.57B	$11.11B	$10.16B	$10.46B	$9.56B	$8.94B	$9.19B	$8.83B	$7.69B	$7.39B
Gross Margin	—	—	—	—	—	62.47%	59.82%	58.34%	56.77%	53.79%	49.8%	50.62%	48.31%	46.77%	44.95%	43.7%	41.43%	42.74%	38.85%	37.56%	37.71%	37.5%	39.71%	39.57%
Research & Development	+6.4%	+8.3%	+0.5%	—	—	$195M	$208M	$220M	$162M	$145M	$131M	$168M	$252M	$241M	$203M	$186M	$167M	$153M	$136M	$128M	$144M	$177M	$232M	—
Amortization of Intangibles	+21.8%	+12.9%	+20.2%	—	$118M	$132M	$139M	$128M	$73M	$72M	$72M	$44M	$38M	$21M	$21M	$21M	$20M	$20M	$20M	$20M	$20M	$20M	$7M	$0
Depreciation & Amortization	+5.6%	+0.7%	+1.7%	—	—	$266M	$286M	$272M	$226M	$244M	$257M	$226M	$227M	$209M	$204M	$225M	$208M	$212M	$225M	$253M	$276M	$291M	$215M	$232M
Restructuring Charges	-87.0%	-64.3%	-41.7%	—	—	—	—	—	—	$1M	$407M	$216M	$453M	$78M	$173M	$4M	-$1M	$11M	$61M	$222M	—	—	—	—
Operating Income	-6.0%	-1.9%	+1.7%	—	$11.07B	$9.9B	$11.24B	$11.55B	$11.92B	$11.56B	$10.87B	$10.33B	$9.12B	$9.59B	$8.76B	$8.36B	$7.62B	$8.08B	$7.25B	$6.07B	$6.23B	$5.46B	$4.88B	$4.37B
Operating Margin	—	—	—	—	—	42.52%	46.8%	47.16%	47.49%	44.44%	41.57%	41.12%	35.94%	37.51%	34.03%	32.87%	31.07%	33.04%	29.46%	25.5%	25.56%	23.19%	25.22%	23.43%
EBITDA	-5.8%	-1.8%	+1.7%	—	—	$10.17B	$11.53B	$11.82B	$12.15B	$11.8B	$11.13B	$10.55B	$9.34B	$9.8B	$8.97B	$8.59B	$7.83B	$8.3B	$7.48B	$6.32B	$6.5B	$5.75B	$5.1B	$4.61B
Interest Expense	+1.4%	-0.8%	+3.8%	—	—	$1.18B	$1.12B	$1.15B	$1.13B	$1.19B	$1.22B	$1.32B	$697M	$736M	$754M	$808M	$857M	$1.05B	$1.13B	$1.22B	$1.14B	$1.19B	$237M	—
Other Non-Operating Income	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$5M	$0	$0	—	—	—	—	—	—
Equity in Earnings of Unconsolidated Entities	—	—	-3.9%	—	$525M	$510M	$652M	$493M	-$2.2B	-$5.98B	-$211M	$1.73B	$890M	$532M	$795M	$757M	$1.01B	$991M	$1.22B	$730M	$628M	$600M	$467M	$510M
Pretax Income	+8.3%	+6.4%	+1.5%	—	$10.57B	$9.39B	$13.66B	$10.93B	$7.39B	$3.82B	$6.89B	$766M	$9.34B	$9.83B	$21.85B	$8.08B	$7.77B	$6.94B	$6.48B	$5.58B	$5.72B	$4.88B	$4.79B	—
Income Tax	+14.5%	0.0%	-1.5%	—	$2.51B	$2.44B	$2.39B	$2.8B	$1.63B	$1.35B	$2.44B	$2.06B	$2.37B	-$399M	$7.61B	$2.84B	$2.7B	$2.41B	$2.29B	$2.19B	$1.82B	$1.67B	$1.7B	$1.55B
Net Income	+6.4%	+9.2%	+2.9%	—	$8.05B	$6.95B	$11.26B	$8.13B	$5.76B	$2.48B	$4.47B	-$1.29B	$6.96B	$10.22B	$14.24B	$5.24B	$5.07B	$4.54B	$4.18B	$3.39B	$3.91B	$3.21B	$4.93B	$9.79B
Net Margin	—	—	—	—	—	29.84%	46.9%	33.21%	22.97%	9.51%	17.08%	-5.15%	27.45%	39.97%	55.31%	20.61%	20.68%	18.54%	16.98%	14.24%	16.03%	13.61%	25.47%	52.43%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	—	—	—	—	$0	$0	-$13M	-$5M	$4M	$5M	$5M	$2M	$0	$0	$3M	$3M	$2M	$2M	$61M	$351M
Net Income Available to Common Stockholders	+6.4%	+9.2%	—	—	$8.03B	$6.93B	$11.24B	$8.11B	$5.75B	$2.46B	$4.46B	-$1.3B	—	—	—	—	—	—	$4.18B	$3.39B	$3.91B	$3.2B	$4.92B	—
Comprehensive Income	+3.6%	+17.6%	+3.8%	—	$8.29B	$6.72B	$11.54B	$8.23B	$6.05B	$3.76B	$2.99B	-$1.61B	$6.72B	$10.38B	$15.47B	$4.64B	$3.77B	$5.2B	$4.03B	$2.99B	—	—	—	—
EPS (Basic) USD/shares	+8.9%	+11.4%	—	—	—	$4.12	$6.54	$4.57	$3.19	$1.34	$2.40	-$0.70	$3.69	$5.31	$7.28	—	—	—	$2.06	$1.64	$1.87	$1.55	$2.37	$4.64
EPS (Diluted) USD/shares	+8.9%	+11.4%	—	$5.56 – $5.72*	—	$4.12	$6.54	$4.57	$3.19	$1.34	$2.40	-$0.70	$3.68	$5.31	$7.28	—	—	—	$2.06	$1.64	$1.87	$1.54	$2.36	$4.62
Shares Outstanding (Basic Avg) shares	-2.3%	-2.0%	-1.5%	—	—	1.68B	1.72B	1.78B	1.8B	1.85B	1.86B	1.87B	1.89B	1.92B	1.95B	1.96B	1.98B	2B	2.02B	2.06B	2.08B	2.07B	2.08B	—
Shares Outstanding (Diluted Avg) shares	-2.3%	-2.0%	-1.5%	—	—	1.68B	1.72B	1.78B	1.8B	1.85B	1.86B	1.87B	1.89B	1.92B	1.95B	1.96B	1.98B	2B	2.02B	2.06B	2.08B	2.07B	2.08B	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $21.07B in buybacks, $95.76B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

6.11×

Tobacco median 0.65×

EV/EBIT

12.94×

Tobacco median 11.14×

P/E (TTM)

15.25×

Tobacco median 12.60×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Smokeable Products Segment	$20,485,000,000	$21,204,000,000	$21,756,000,000	$22,476,000,000	$22,866,000,000	$23,089,000,000	$21,996,000,000	$22,297,000,000
Oral Tobacco Segment	$2,802,000,000	$2,776,000,000	$2,667,000,000	$2,580,000,000	$2,608,000,000	$2,533,000,000	$2,367,000,000	$2,262,000,000
All Other Segments	$5,000,000	-$2,000,000	-$2,000,000	$40,000,000	$45,000,000	-$83,000,000	$58,000,000	$114,000,000
E-Vapor	-$13,000,000	$40,000,000	$62,000,000	—	—	—	—	—
Wine Segment	—	—	—	—	$494,000,000	$614,000,000	$689,000,000	$691,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Smokeable Products Segment	$10,984,000,000	$10,821,000,000	$10,670,000,000	$10,688,000,000	$10,394,000,000	$9,985,000,000	$9,009,000,000	$8,408,000,000
Oral Tobacco Segment	$1,828,000,000	$1,449,000,000	$1,722,000,000	$1,632,000,000	$1,659,000,000	$1,718,000,000	$1,580,000,000	$1,431,000,000
All Other Segments	-$229,000,000	-$243,000,000	-$58,000,000	-$36,000,000	-$97,000,000	-$172,000,000	-$16,000,000	-$421,000,000
E-Vapor	-$2,297,000,000	-$171,000,000	-$16,000,000	—	—	—	—	—
Smokeless Products Segment	—	—	—	—	—	—	$1,580,000,000	$1,431,000,000
Wine Segment	—	—	$0	$0	$21,000,000	-$360,000,000	-$3,000,000	$50,000,000

Operating Margin by Segment (%)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Smokeable Products Segment	53.6%	51%	49%	47.6%	45.5%	43.2%	41%	37.7%
Oral Tobacco Segment	65.2%	52.2%	64.6%	63.3%	63.6%	67.8%	66.8%	63.3%
All Other Segments	-4580%	—	—	-90%	-215.6%	—	-27.6%	-369.3%
E-Vapor	—	-427.5%	-25.8%	—	—	—	—	—
Wine Segment	—	—	—	—	4.3%	-58.6%	-0.4%	7.2%

Key facts CIK 764180 CUSIP 02209S103 13F (30d) 454 filings 421 filers Visit website Investor relations