Saturday 17 October 2026 Export MO’s income statement to Excel — free account

Altria Group, Inc.

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%

Follow MO

Alert me

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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Feb 25, 2026

All filings →

Insider Decisions trades per month

Total buys 0.10

Total sells 2.45

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	1	—
Sell	—	—	—	—	1	—	2	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 123,290.00

Revenue 23,457.00

Net Income 7,973.00

Free Cash Flow 9,112.00

Net Debt 22,210.00

Current Ratio 0.52

Debt/Equity (9.39)

P/E ratio 15.85

Fwd P/E 12.90

P/S ratio 5.35

P/B ratio 0.00

Past 5Y EPS Growth 11.41%

This Y EPS Growth 4.78%

Next Y EPS Growth 3.52%

Next Y revenue growth (11.67%)

Next 5Y EPS Growth 3.99%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 62.60%

10-year low 10-year high

P/S against its own 10 years 95.39%

10-year low 10-year high

EV/Sales against its own 10 years 100.00%

10-year low 10-year high

EV/FCF against its own 10 years 64.95%

10-year low 10-year high

Dividends

Payout Ratio 0.91

Annual Dividend Rate 4.29

Annual Dividend Yield 5.71%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.32	1.06 1.06 1.11
2025	4.16	1.02 1.02 1.06 1.06
2024	4.00	0.98 0.98 1.02 1.02
2023	3.84	0.94 0.94 0.98 0.98
2022	3.68	0.90 0.90 0.94 0.94
2021	3.52	0.86 0.86 0.90 0.90
2020	3.40	0.84 0.84 0.86 0.86
2019	3.28	0.80 0.80 0.84 0.84
2018	3.00	0.70 0.70 0.80 0.80
2017	2.54	0.61 0.61 0.66 0.66
2016	2.35	0.57 0.57 0.61 0.61

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,686	3,127	4,474	2,367
Receivables	71	177	263	306
Inventory	1,215	1,080	1,070	1,060
Other	117	129	125	289
	5,585	4,513	5,932	4,022

	2023	2024	2025	Q'26
Payables	582	700	750	684
ST’ Debt	1,121	1,527	1,569	1,684
Other	—	—	—	4,917
	11,319	8,781	9,154	7,770

Compound Annual Growth %

	10y	5y	3y
Sales	(0.88%)	(2.30%)	(2.47%)
Cash Flow	4.75%	2.07%	4.01%
Earnings	2.85%	9.21%	6.40%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,428	6,111	—	—	—
’25	5,259	6,102	6,072	5,846	23,279
’24	5,576	6,209	6,259	5,974	24,018
’23	5,719	6,508	6,281	5,975	24,483
’22	5,892	6,543	6,550	6,111	25,096
’21	6,036	6,936	6,786	6,255	26,013
’20	6,359	6,367	7,123	6,304	26,153

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,324	719	—	—	—
’25	2,720	205	3,094	3,271	9,290
’24	2,877	(75)	2,611	3,340	8,753
’23	2,984	124	2,952	3,227	9,287
’22	3,075	(514)	3,076	2,619	8,256
’21	3,040	(361)	3,063	2,663	8,405
’20	3,129	1,817	898	2,541	8,385

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,231	662	—	—	—
’25	2,682	173	3,040	3,179	9,074
’24	2,842	(104)	2,580	3,293	8,611
’23	2,929	76	4,612	3,174	10,791
’22	3,030	(552)	3,012	3,561	9,051
’21	3,014	(388)	3,014	2,596	8,236
’20	3,077	1,763	842	2,472	8,154

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.30	1.37	—	—	—
’25	0.63	1.41	1.41	0.66	4.12
’24	1.21	2.21	1.34	1.79	6.54
’23	1.00	1.19	1.22	1.16	4.57
’22	1.08	0.49	0.12	1.50	3.19
’21	0.77	1.16	(1.48)	0.88	1.34
’20	0.83	1.04	(0.51)	1.03	2.40

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	56.15	60.01	46.49	39.30	30.95	40.00	40.35	39.07	39.25	50.08	Analyst estimates 2026–2028 Powerpack
	High	70.15	77.79	71.86	57.88	51.78	52.59	57.05	48.11	58.04	68.60
People
People	Employees	8,300	8,300	8,300	7,300	7,100	6,000	6,300	6,400	6,200	5,900
	Revenue/emp, $m	3.10	3.08	3.06	3.44	3.68	4.34	3.98	3.83	3.87	3.95
Income, $m
Income, $m	Revenue	25,744	25,576	25,364	25,110	26,153	26,013	25,096	24,483	24,018	23,279
	Gross margin, %	44.95	46.77	48.31	50.62	49.80	53.79	56.77	58.34	59.82	62.47
	EBT	21,852	9,828	9,341	766	6,890	3,824	7,389	10,928	13,658	9,389
	EBT margin, %	84.88	38.43	36.83	3.05	26.34	14.70	29.44	44.64	56.87	40.33
	Net income	14,244	10,227	6,967	(1,298)	4,454	2,475	5,764	8,130	11,264	6,947
	Depreciation	204	209	227	226	257	244	226	272	286	1,424
Per share, $
Per share, $	Revenue	13.19	13.31	13.44	13.44	14.08	14.10	13.91	13.78	13.98	13.83
	Earnings	7.28	5.31	3.69	(0.70)	2.40	1.34	3.19	4.57	6.54	4.12
	Cash flow	1.96	2.55	4.45	4.19	4.51	4.56	4.58	5.23	5.09	5.52
	Capex	(0.10)	(0.10)	(0.13)	(0.13)	(0.12)	(0.09)	0.44	0.85	(0.08)	(0.13)
	Free cash flow	1.86	2.45	4.32	4.06	4.39	4.46	5.02	6.07	5.01	5.39
	Book value	6.54	8.01	7.84	3.38	1.57	(0.87)	(2.17)	(1.96)	(1.27)	(2.05)
	Shares, m	1,952	1,921	1,887	1,869	1,858	1,845	1,804	1,777	1,718	1,683
Valuation, ×
Valuation, ×	P/E	9.28	13.30	13.38	0.00	17.15	35.63	14.27	9.10	7.98	14.03
	P/S	5.13	5.31	3.67	3.71	2.91	3.36	3.27	3.02	3.74	4.17
	P/B	10.34	8.84	6.30	14.76	26.04	0.00	0.00	0.00	0.00	0.00
	EV/Sales	5.49	5.81	4.64	4.75	3.85	4.26	4.17	3.94	4.65	5.08
	EV/FCF	38.86	31.59	14.43	15.70	12.35	13.47	13.01	10.61	12.96	13.03
Cash, $m
Cash, $m	Operating cash flow	3,826	4,901	8,391	7,837	8,385	8,405	8,256	9,287	8,753	9,290
	Capex	(189)	(199)	(238)	(246)	(231)	(169)	795	1,504	(142)	(216)
	Free cash flow	3,637	4,702	8,153	7,591	8,154	8,236	9,051	10,791	8,611	9,074
Balance, $m
Balance, $m	Working capital	(115)	(2,448)	(16,894)	(3,350)	(1,946)	(2,496)	(1,396)	(5,734)	(4,268)	(3,222)
	Total debt	13,881	13,894	25,746	28,042	29,471	28,044	26,680	26,233	24,926	25,709
	Net debt	9,312	12,641	24,413	25,925	24,526	23,500	22,650	22,547	21,799	21,235
	Shareholders’ equity	12,773	15,380	14,789	6,319	2,925	(1,606)	(3,923)	(3,490)	(2,188)	(3,452)
Returns, %
Returns, %	ROA	36.74	22.90	14.10	(2.48)	9.22	5.67	15.04	21.48	30.47	19.74
	ROIC	24.79	21.40	14.53	20.02	24.76	33.00	39.78	37.87	35.82	34.79
	ROE	181.71	72.52	46.11	(12.32)	96.47	373.62	(208.03)	(218.89)	(395.77)	(245.64)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PM Philip Morris International Inc.	$311.6B	29.5×	22.6×	+10.37% (above 0%: growing)	−7.69% (below 0%: shrinking)	+67.28% (above 0%: growing)	68.43%	40.48%	Compare
BTI British American Tobacco p.l.c.	$124.7B	7.6×	12.9×	+0.62% (above 0%: growing)	+13.60% (above 0%: growing)	+12.44% (above 0%: growing)	69.38%	0.00%	Compare
MO Altria Group, Inc.	$123.3B	15.8×	12.9×	+0.15% (above 0%: growing)	−2.84% (below 0%: shrinking)	+282.66% (above 0%: growing)	62.51%	51.32%
RLX RLX Technology Inc. Sponsored ADR	$1.6B	16.0×	17.0×	+21.90% (above 0%: growing)	+30.00% (above 0%: growing)	−129.25% (below 0%: shrinking)	39.03%	14.22%	Compare
TPB Turning Point Brands, Inc.	$1.2B	26.3×	60.5×	+22.57% (above 0%: growing)	−77.78% (below 0%: shrinking)	+235.11% (above 0%: growing)	65.55%	11.69%	Compare
AIIR Air Global PLC	$1.2B	— (loss-making)	—	—	n/m	−487.91% (below 0%: shrinking)	56.58%	(46.44%)	Compare
UVV Universal Corporation	$1.0B	53.4×	12.5×	−11.79% (below 0%: shrinking)	n/m	+38.82% (above 0%: growing)	15.86%	0.44%	Compare
ISPR Ispire Technology Inc.	$83.2M	— (loss-making)	— (loss-making)	+32.55% (above 0%: growing)	n/m	−26.12% (below 0%: shrinking)	6.32%	(50.72%)	Compare
RYM RYTHM, Inc.	$40.1M	— (loss-making)	— (loss-making)	+1,027.38% (above 0%: growing)	n/m	+202.80% (above 0%: growing)	80.52%	8.41%	Compare
Median of peers	$1.2B	26.3×	17.0×	+21.90%	+2.96%	+25.63%	61.06%	4.43%

All 11 Tobacco stocks →

Altria Group, Inc. (MO) key facts

Concern: Altria Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $23.3 billion, down 3.08% from fiscal 2024.
Concern: Net income was $6.9 billion, or $4.12 per share (basic), a net margin of 29.8%.
Altria Group, Inc. (MO) is a Tobacco company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, MO traded at $75.11, a market capitalization of $123.3 billion.
At that price the stock trades at 15.8× trailing-twelve-month earnings and 5.3× sales; its P/E is higher than 63% of its own readings over the past ten years.
Altria Group, Inc. pays an annual dividend of $4.29 per share, a yield of 5.71%, with a payout ratio of 90.5%.
Return on equity was −245.6% and debt-to-equity -9.39.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.42 (safe zone) for fiscal 2025.