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Friday 6 November 2026
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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.
63.11
0.14
+0.22%
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British American Tobacco p.l.c. (BTI) Net margin
British American Tobacco p.l.c.'s net margin over the twelve months to 30 June 2023 was 25.9%. Over the past ten years it has ranged from −52.8% (fiscal 2023) to 185.0% (fiscal 2017); the current reading is higher than 73% of that period. That is above the Tobacco industry median of 8.78% and above the Consumer Defensive sector median of 1.92%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 30.0% | 18.28 |
| FY2024 | 11.7% | 64.52 |
| FY2023 | −52.8% | (76.75) |
| FY2022 | 23.9% | (2.55) |
| FY2021 | 26.5% | 1.65 |
| FY2020 | 24.8% | 2.79 |
| FY2019 | 22.0% | (2.59) |
| FY2018 | 24.6% | (160.33) |
| FY2017 | 185.0% | 153.45 |
| FY2016 | 31.5% | (1.23) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2023 | 29.3% | (2.89) |
| Dec 2022 | 32.2% | 17.73 |
| Jun 2022 | 14.5% | (11.75) |
| Dec 2021 | 26.2% | (0.49) |
| 6 more quarters | Free account |
Against its own ten years
Low −52.8%
High 185.0%
Ten-year median
24.8%
Current reading's percentile
73
Net margin against peers
| Company | Net margin |
|---|---|
| MO Altria Group, Inc. compare | 34.4% |
| BTI British American Tobacco p.l.c. | 25.9% |
| PM Philip Morris International Inc. compare | 24.8% |
| RLX RLX Technology Inc. Sponsored ADR compare | 22.0% |
| RYM RYTHM, Inc. compare | 9.84% |
| TPB Turning Point Brands, Inc. compare | 8.78% |
| AIIR Air Global PLC compare | 0.00% |
| UVV Universal Corporation compare | −0.09% |
| ISPR Ispire Technology Inc. compare | −34.6% |
| Tobacco industry median | 8.78% |
| Consumer Defensive sector median | 1.92% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on BTI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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