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Altria Group
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Arincen66/100B

Altria Group financials

Yes. Altria Group earned 8.12B USD of net income over the last twelve months, 38.1% of its revenue. It made a profit in 40 of its 41 fiscal years since 1985. Its last loss was in fiscal year 2019.

Revenue (TTM)
21.30B USD
Net income (TTM)
8.12B USD
Free cash flow (TTM)
9.07B USD
Cash and short-term investments
2.70B USD
Total debt
24.06B USD
Shareholders' equity
-2.23B USD

Cash, debt and equity as of 30 Sept 2026.

Altria Group earnings

Next earnings · Q4 FY2026
EPS estimate
1.40 USD
Revenue estimate
5.17B USD
Last quarter · Q3 FY2026
EPS1.52Beat +0.7%Revenue5.44BBeat +2.4%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20271.59——+4.37%5.48B——+0.79%
Q2 FY20271.55——+5.01%5.42B——+1.15%
Q1 FY20271.37——+3.58%4.78B——-10.80%
Q4 FY20261.40——+7.69%5.17B——+1.80%
Q3 FY20261.511.52+0.66%+4.83%5.31B5.44B+2.44%+3.62%
Q2 FY20261.501.48-1.33%+2.78%5.35B5.36B+0.20%+1.25%
Q1 FY20261.241.32+6.45%+7.32%4.58B5.36B+17.01%+18.52%
Q4 FY20251.321.30-1.52%+0.78%5.03B5.08B+0.91%-0.53%
Q3 FY20251.441.45+0.69%+5.07%5.29B5.25B-0.79%-1.74%
Q2 FY20251.391.44+3.60%+9.92%5.19B5.29B+1.94%+0.25%

Altria Group growth and profitability

Full income statement
Revenue (TTM)
21.30B USD
Net income (TTM)
8.12B USD
Gross margin
69.93%
Operating margin
51.90%
Net margin
38.10%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202520.14B-1.49%6.95B-38.33%72.21%49.15%34.50%10.83B-28.11%
FY202420.44B-0.28%11.26B+38.55%70.27%54.98%55.10%15.07B+22.02%
FY202320.50B-0.90%8.13B+41.05%69.67%56.32%39.65%12.35B+41.24%
FY202220.69B-2.00%5.76B+132.89%68.86%57.61%27.86%8.74B+66.34%
FY202121.11B+1.30%2.48B-44.59%66.28%54.76%11.72%5.26B-37.20%

How Altria Group makes its money

Revenue20.14B 100.0%
Cost of revenue5.60B 27.8%
Gross profit14.54B 72.2%
Selling and administration2.51B 12.4%
Other operating expenses2.14B 10.6%
Operating income9.90B 49.2%
Tax2.44B 12.1%
Other expense510.00M 2.5%
Net income6.95B 34.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Altria Group revenue breakdown

By product

FY2025
Smokeable Products: 87.9%Smokeless Products: 12.0%Other Segments: 0.0%87.9%Smokeable Products12.0%Smokeless Products
SegmentRevenueShare of revenueChange on the year
Smokeable Products20.49B87.9%-3.4%
Smokeless Products2.80B12.0%+0.9%
Other Segments5.00M0.0%-86.8%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20259.29B9.07B
FY20248.75B8.61B
FY20239.29B9.09B
FY20228.26B8.05B
FY20218.41B8.24B
FY20208.39B8.15B
FY20197.84B7.59B
FY20188.39B8.15B
FY20174.92B4.72B
FY20163.79B3.60B

Altria Group financial health

Full balance sheet
Cash and short-term investments
2.70B USD
Total debt
24.06B USD
Net cash
-21.36B USD
Free cash flow (TTM)
9.07B USD
Current ratio
0.58
Piotroski score
7 / 9
Altman Z-score
5.20

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20254.48B25.71B9.07B
FY20243.13B24.93B8.61B
FY20233.69B26.23B9.09B
FY20224.03B26.68B8.05B
FY20214.54B28.04B8.24B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202535.02B38.47B-3.50B
FY202435.18B37.37B-2.24B
FY202338.57B42.06B-3.54B
FY202236.95B40.88B-3.97B
FY202139.52B41.13B-1.61B
FY202047.41B44.49B2.84B
FY201949.27B42.95B6.22B
FY201855.64B40.85B14.79B
FY201743.20B27.82B15.38B
FY201645.93B33.16B12.77B

Altria Group valuation

Price to earnings ratio (TTM)
15.99
Forward P/E (FY2026)
13.59
Price to sales (TTM)
6.04
EV / EBITDA (TTM)
12.50

Capital structure

Market capitalization
128.70B USD
+
Total debt
24.06B USD
−
Cash and short-term investments
2.70B USD
=
Enterprise value
150.06B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)12.50————
FY2027 (est.)13.0612.50———
FY2026 (est.)13.5913.06———
Now (TTM)15.9913.136.04—12.50
FY202514.0310.134.80-27.6110.89
FY20248.009.634.39-40.147.41
FY20238.759.223.47-20.107.59
FY202214.339.223.99-20.7612.02
FY202135.379.804.14-54.4421.11

Altria Group against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Monster Beverage, PepsiCo, Mondelez International, Colgate-Palmolive, Target, and Philip Morris International, the US Consumer Defensive companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median16.0
    8.147.3
  • Gross marginHighest in 5 years72.2%
    66.3%72.2%
    Against its peers: 1 of 7Peers' median 55.0%
  • Operating marginLowest in 5 years49.2%
    49.2%57.6%
    Against its peers: 1 of 7Peers' median 14.2%
  • Net marginAt its median34.5%
    11.7%55.1%
    Against its peers: 1 of 7Peers' median 9.6%
  • Free cash flow marginHighest in 5 years45.1%
    38.9%45.1%
    Against its peers: 1 of 7Peers' median 13.1%
  • Revenue growthBelow its median-1.5%
    -2.0%1.3%
    Against its peers: 6 of 7Peers' median 4.0%
  • EPS growthBelow its median-37.2%
    -44.2%138.1%
    Against its peers: 6 of 7Peers' median -11.0%
  • Debt to EBITDAAt its median2.37×
    1.65×5.34×
    Against its peers: 3 of 7Peers' median 2.52×
  • Current ratioAt its median0.61
    0.490.84
    Against its peers: 6 of 7Peers' median 0.90

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Altria Group dividends

Annual dividend
4.44 USD
Dividend yield (indicated)
5.74%
Payout ratio
88.64%
Years of dividend growth
18
Frequency
Quarterly
Last payment
1.11 USD
Last ex-dividend date
15 Sept 2026
Last payment date
9 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.123.963.803.643.483.383.242.862.492.31

Altria Group ownership

Institutions
67.55%
Institutional holders
2,659 (+88)
Free float
99.85%

Who owns the shares

Institutions 67.6% Others 32.4%
As of 30 Jun 2026

Shares free to trade

Free float 1.66B shares ·99.9% Closely held 2.46M shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026000.001.27K
Q3 2026101.50K0.00
Q2 20260265.86K7.79K
Q1 202601229.21K177.75K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.68B1.68B-2.39%
FY20241.72B1.72B-3.32%
FY20231.76B1.78B-1.50%
FY20221.80B1.80B-2.22%
FY20211.85B1.85B-0.75%

Common questions about Altria Group's financials

Source: Financial Modeling Prep