Altria Group, Inc.

MO Consumer Defensive Tobacco

Altria Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $23.3 billion, down 3.08% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 2.84%, free cash flow grew 282.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

75.11 1.27 +1.72%
Market cap
$123.3B
P/E
15.8×
Fwd P/E
12.9×
Dividend yield
5.71%
F-score
7/9
Altman Z
4.42
Beneish M
−2.45
Dividend safety
38/100

Altria Group, Inc. (MO) Return on invested capital

Alert me on Return on invested capital

Altria Group, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 35.0%, up 0.2 percentage points from fiscal 2025 (34.8%). Over the past ten years it has ranged from 14.5% (fiscal 2018) to 39.8% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Tobacco industry median of 1.93% and above the Consumer Defensive sector median of 0.22%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 34.8% (1.03)
FY2024 35.8% (2.05)
FY2023 37.9% (1.91)
FY2022 39.8% 6.78
FY2021 33.0% 8.24
FY2020 24.8% 4.74
FY2019 20.0% 5.49
FY2018 14.5% (6.87)
FY2017 21.4% (3.39)
FY2016 24.8% (14.35)

Against its own ten years

Low 14.5% High 39.8%
Ten-year median 33.0%
Current reading's percentile 64

Return on invested capital against peers

Company Return on invested capital
MO Altria Group, Inc. 35.0%
PM Philip Morris International Inc. compare 27.5%
TPB Turning Point Brands, Inc. compare 9.77%
RLX RLX Technology Inc. Sponsored ADR compare 5.28%
UVV Universal Corporation compare 4.59%
AIIR Air Global PLC compare 1.93%
ISPR Ispire Technology Inc. compare 0.00%
BTI British American Tobacco p.l.c. compare 0.00%
RYM RYTHM, Inc. compare −19.2%
Tobacco industry median 1.93%
Consumer Defensive sector median 0.22%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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