Saturday 17 October 2026 Export BTI’s income statement to Excel — free account

British American Tobacco p.l.c.

British American Tobacco p.l.c.’s revenue for fiscal 2025 (year ended December 2025) was $33.8 billion, up 2.17% from fiscal 2024.

60.00 2.00 +3.45%

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Market cap: $124.7B
P/E: 7.6×
Fwd P/E: 12.9×
Dividend yield: 6.94%
F-score: 7/9
Altman Z: 1.73
Beneish M: −2.24
Dividend safety: 32/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	7.20	4.62	3.79	5.32	4.86	5.48	8.34	17.05	1.98	4.48
Piotroski F-Score Full definition →	7	6	6	7	7	6	7	5	4	4
P/S ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score Full definition →	1.73	1.05	0.55	1.35	1.40	1.37	1.34	1.12	1.45	2.37
Altman Z″-Score (non-manufacturers) Full definition →	2.02	1.26	0.54	2.31	2.45	2.28	1.98	1.98	1.89	1.42
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Beneish M-Score Full definition →	(2.24)	(2.65)	(3.75)	(2.61)	(2.39)	(2.66)	(2.53)	(2.69)	(0.98)	(2.39)
P/Operating CF Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Safety Score Full definition →	32	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	0.60	0.58	0.63	0.71	0.73	0.78	0.00	0.00	0.00	0.00
EV/EBITDA Full definition →	1.26	1.22	1.31	1.54	1.57	1.66	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	1.45	1.15	1.24	1.45	1.50	1.66	1.63	2.13	2.64	1.08
EV/FCF Full definition →	1.53	1.20	1.29	1.52	1.57	1.76	1.75	2.32	2.94	1.20
Quick Ratio Full definition →	0.56	0.51	0.58	0.48	0.48	0.46	0.36	0.39	0.51	0.52
Current Ratio Full definition →	0.87	0.76	0.91	0.86	0.85	0.88	0.71	0.78	0.90	1.04
Net Debt/EBITDA Full definition →	2.49	5.33	2.68	3.31	3.22	3.56	4.06	4.32	6.25	3.28
Debt/Assets Full definition →	32.09%	31.08%	33.47%	28.10%	28.87%	31.93%	32.17%	32.46%	35.06%	49.02%
Debt/Equity Full definition →	0.73	0.74	0.75	0.57	0.59	0.70	0.71	0.72	0.81	2.32
Asset Turnover Full definition →	0.23	0.22	0.20	0.18	0.19	0.19	0.18	0.17	0.22	0.39
Operating CF/Net income Full definition →	0.83	3.35	(0.74)	1.57	1.43	1.53	1.58	1.71	0.14	0.99
Capex/Depreciation Full definition →	(0.25)	(0.14)	(0.02)	(0.48)	(0.66)	(0.49)	(0.52)	(0.87)	(0.98)	(0.96)
Interest Coverage Full definition →	4.92	2.49	(8.31)	6.41	6.89	5.71	5.63	6.74	5.41	6.84
ROE Full definition →	15.90%	5.96%	(22.48%)	8.79%	10.78%	10.10%	8.59%	9.68%	107.44%	66.01%
ROA Full definition →	6.84%	2.58%	(10.62%)	4.32%	5.11%	4.61%	3.88%	4.27%	41.05%	12.34%
ROIC Full definition →	7.87%	2.11%	(11.26%)	5.73%	6.16%	6.01%	5.27%	5.27%	3.78%	11.33%
Return on Tangible Assets Full definition →	290.47%	(4,322.71%)	(465.50%)	273.09%	259.98%	200.38%	(18,399.02%)	404.29%	1,135.99%	111.62%
Average Days of Receivables Full definition →	60.89	51.80	50.74	59.60	57.81	53.81	59.45	54.57	81.18	97.81
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	12.20%	10.94%	9.76%	10.75%	10.58%	10.65%	12.45%	12.27%	13.20%	15.42%
Intangible Assets out of Total Assets Full definition →	0.80	0.79	0.81	0.84	0.84	0.84	0.84	0.85	0.84	0.30
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	13.89%	21.66%	26.39%	18.79%	20.58%	18.26%	12.00%	5.87%	50.59%	22.34%
Free Cash Flow Yield Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue per Share Full definition →	15.44	14.93	15.23	15.16	15.44	14.48	14.47	14.31	12.79	10.76
Operating CF per Share Full definition →	3.82	5.84	5.98	5.70	5.84	5.50	5.03	6.01	3.37	3.36
Capex per Share Full definition →	(0.38)	(0.24)	(0.29)	(0.34)	(0.43)	(0.40)	(0.44)	(0.53)	(0.56)	(0.42)
Free Cash Flow per Share Full definition →	3.44	5.60	5.69	5.36	5.41	5.10	4.59	5.49	2.81	2.94
Cash per Share Full definition →	2.32	3.35	2.94	2.21	1.96	1.90	1.48	1.62	2.12	1.62
Shareholders Equity per Share Full definition →	29.03	28.86	29.54	41.51	40.53	35.36	35.87	38.37	38.48	6.13
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	29.03	28.86	29.54	41.51	40.53	35.36	35.87	38.37	38.48	6.13
Free Cash Flow Full definition →	7,524.50	12,396.91	12,680.31	12,086.99	12,380.03	11,652.30	10,489.73	12,533.78	5,753.20	5,460.50
Working Capital Full definition →	(2,426.41)	(5,685.38)	(1,849.68)	(3,022.99)	(3,213.60)	(2,395.94)	(7,085.52)	(4,904.06)	(2,033.73)	681.71
Capital Expenditures Full definition →	(838.69)	(541.83)	(646.83)	(769.35)	(981.82)	(912.92)	(997.26)	(1,207.99)	(1,138.01)	(787.43)
Net Current Asset Value Full definition →	(63,905.52)	(69,786.12)	(64,180.27)	(77,215.96)	(78,596.59)	(78,481.93)	(81,173.81)	(90,765.11)	(85,120.12)	(25,761.55)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.04	0.04	0.04
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.57	0.71	6.24	0.27	0.22	0.29	0.27	0.20	0.18	0.17
Cash ROIC Full definition →	6.55%	10.46%	10.41%	7.95%	8.16%	8.23%	7.32%	8.10%	3.92%	13.38%
Accounts Receivable Turnover Full definition →	6.54	7.03	6.59	6.12	6.74	6.45	6.43	6.11	4.68	3.82
Accounts Payable Turnover Full definition →	0.48	0.48	0.45	0.45	0.49	0.47	0.44	0.49	0.55	0.54
Inventory Turnover Full definition →	1.01	0.97	0.86	0.83	0.84	0.76	0.74	0.80	0.76	0.71
Average Days of Payables Full definition →	762.54	763.58	778.99	797.72	769.62	771.97	771.98	831.97	714.41	708.84
Days of Inventory on Hand Full definition →	358.22	369.08	396.56	432.95	424.23	477.69	483.65	471.82	473.53	559.82
Average Receivables Full definition →	5,162.33	4,704.64	5,151.98	5,589.87	5,236.55	5,130.67	5,135.09	5,352.20	5,586.93	5,232.10
Average Payables Full definition →	12,252.39	12,134.89	12,495.10	13,046.85	12,807.57	12,433.11	13,305.34	12,796.14	10,671.57	9,509.25
Average Inventory Full definition →	5,838.67	6,020.58	6,578.42	7,136.81	7,480.29	7,741.43	7,914.47	7,802.52	7,704.39	7,172.35
Average Assets Full definition →	148,030.85	149,805.90	168,795.90	189,405.80	182,842.30	178,421.65	187,693.30	188,553.55	117,837.08	51,044.61
Average Common Equity Full definition →	63,688.72	64,866.61	79,745.15	93,164.41	86,758.67	81,380.06	84,803.12	83,165.33	45,021.48	9,543.16

Fold the line items

Columns are period end dates

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