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
British American Tobacco p.l.c.'s free cash flow for fiscal 2025 was $7.5B, down 39.3% from $12.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $27.4B. Over the past ten years it has ranged from $5.5B (fiscal 2016) to $12.7B (fiscal 2023); the current reading is higher than 36% of that period. British American Tobacco p.l.c. ranks 1st of 11 Tobacco companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $7.5B | (39.30%) |
| FY2024 | $12.4B | (2.23%) |
| FY2023 | $12.7B | 4.91% |
| FY2022 | $12.1B | (2.37%) |
| FY2021 | $12.4B | 6.25% |
| FY2020 | $11.7B | 11.08% |
| FY2019 | $10.5B | (16.31%) |
| FY2018 | $12.5B | 117.86% |
| FY2017 | $5.8B | 5.36% |
| FY2016 | $5.5B | (15.51%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $4.4B | (43.35%) |
| Dec 2025 | $7.7B | 162.39% |
| Jun 2025 | $2.9B | (76.57%) |
| Dec 2024 | $12.5B | 222.90% |
| 18 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| BTI British American Tobacco p.l.c. | $27.4B |
| PM Philip Morris International Inc. compare | $13.6B |
| MO Altria Group, Inc. compare | $9.1B |
| RLX RLX Technology Inc. Sponsored ADR compare | $77.5M |
| UVV Universal Corporation compare | $35.7M |
| TPB Turning Point Brands, Inc. compare | $19.6M |
| RYM RYTHM, Inc. compare | $13.0M |
| AIIR Air Global PLC compare | −$118.5K |
| ISPR Ispire Technology Inc. compare | −$1.3M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on BTI
- Revenue
- Net income
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow 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