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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) Operating margin
British American Tobacco p.l.c.'s operating margin over the twelve months to 30 June 2023 was 0.00%. Over the past ten years it has ranged from −57.7% (fiscal 2023) to 39.9% (fiscal 2021); the current reading is higher than 91% of that period. That is in line with the Tobacco industry median of 0.00% and below the Consumer Defensive sector median of 1.70%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 39.0% | 28.46 |
| FY2024 | 10.6% | 68.31 |
| FY2023 | −57.7% | (95.78) |
| FY2022 | 38.1% | (1.80) |
| FY2021 | 39.9% | 1.20 |
| FY2020 | 38.7% | 3.81 |
| FY2019 | 34.8% | (3.18) |
| FY2018 | 38.0% | 6.11 |
| FY2017 | 31.9% | 0.35 |
| FY2016 | 31.6% | (3.22) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2023 | 0.00% | 0.00 |
| Dec 2022 | 0.00% | 0.00 |
| Jun 2022 | 0.00% | 0.00 |
| Dec 2021 | 0.00% | 0.00 |
| 6 more quarters | Free account |
Against its own ten years
Low −57.7%
High 39.9%
Ten-year median
34.8%
Current reading's percentile
91
Operating margin against peers
| Company | Operating margin |
|---|---|
| MO Altria Group, Inc. compare | 47.0% |
| PM Philip Morris International Inc. compare | 38.6% |
| TPB Turning Point Brands, Inc. compare | 14.8% |
| RLX RLX Technology Inc. Sponsored ADR compare | 13.0% |
| UVV Universal Corporation compare | 4.11% |
| RYM RYTHM, Inc. compare | 0.00% |
| AIIR Air Global PLC compare | 0.00% |
| BTI British American Tobacco p.l.c. | 0.00% |
| ISPR Ispire Technology Inc. compare | −34.0% |
| Tobacco industry median | 0.00% |
| Consumer Defensive sector median | 1.70% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BTI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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