British American Tobacco p.l.c.
BTI Consumer Defensive Tobacco
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.
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British American Tobacco p.l.c. (BTI) Free cash flow margin
British American Tobacco p.l.c.'s free cash flow margin over the twelve months to 30 June 2026 was 0.00%, down 22.3 percentage points from fiscal 2025 (22.3%). Over the past ten years it has ranged from 22.0% (fiscal 2017) to 38.3% (fiscal 2018); the current reading is higher than 18% of that period. That is below the Tobacco industry median of 1.31% and below the Consumer Defensive sector median of 1.51%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 22.3% | (15.22) |
| FY2024 | 37.5% | 0.14 |
| FY2023 | 37.4% | 2.02 |
| FY2022 | 35.3% | 0.29 |
| FY2021 | 35.1% | (0.16) |
| FY2020 | 35.2% | 3.46 |
| FY2019 | 31.8% | (6.59) |
| FY2018 | 38.3% | 16.34 |
| FY2017 | 22.0% | (5.31) |
| FY2016 | 27.3% | (4.95) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| MO Altria Group, Inc. compare | 38.6% |
| PM Philip Morris International Inc. compare | 31.5% |
| RYM RYTHM, Inc. compare | 18.4% |
| RLX RLX Technology Inc. Sponsored ADR compare | 11.8% |
| TPB Turning Point Brands, Inc. compare | 3.87% |
| UVV Universal Corporation compare | 1.31% |
| AIIR Air Global PLC compare | 0.00% |
| BTI British American Tobacco p.l.c. | 0.00% |
| ISPR Ispire Technology Inc. compare | −1.38% |
| Tobacco industry median | 1.31% |
| Consumer Defensive sector median | 1.51% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on BTI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement