MONYSECigarettesFiscal year ends December 31
ALTRIA GROUP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$74.09−1.02 (-1.36%)
Close on Oct 19, 2026
- Market cap
- $123.73B
- P/E (TTM)
- 15.6
- Dividend yield
- 5.61%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
62.5%+12.7 pts over 5 years
Operating margin
42.5%+0.9 pts over 5 years
Net margin
29.8%+12.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.1% | -2.5% | -2.3% | -0.9% | |
| Gross profit | +1.2% | +0.7% | +2.2% | +2.7% | |
| Operating income | -11.9% | -6.0% | -1.9% | +1.7% | |
| Net income | -38.3% | +6.4% | +9.2% | +2.9% | |
| EPS, diluted | -37.0% | +8.9% | +11.4% | +4.4% | |
| Free cash flow | +5.4% | +4.1% | +2.2% | +4.9% | |
| Dividend per share | +4.0% | +4.2% | +4.1% | +6.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 182.0% | 98.6% | -242.1% | |
| Return on assets | 36.8% | 9.2% | 19.8% | |
| Current ratio | 0.98 | 0.79 | 0.65 | |
| Debt to equity | 1.09 | 10.38 | -7.34 | |
| Net debt to EBITDA | 1.03× | 2.20× | 2.09× | |
| Interest coverage | 11.6× | 8.9× | 8.4× | |
| Inventory turnover | 6.9× | 6.2× | 8.1× | |
| Capex to revenue | 0.7% | 0.9% | 0.9% | |
| Diluted shares | 1.95B | 1.86B | 1.68B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Altria generated $43.99B from operations and spent $43.46B on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$43.99B
Used
$43.46B
Capital expenditure$928.00M2%Dividends$33.63B77%Share buybacks$8.90B20%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin29.8%
×Asset turnover0.66×
×Equity multiplier-12.23×
=Return on equity, FY2025-242.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 29.8% | 0.66× | -12.23× | -242.1% |
| FY2024 | 46.9% | 0.65× | -12.76× | -389.9% |
| FY2023 | 33.2% | 0.65× | -10.05× | -216.4% |
| FY2022 | 23.0% | 0.66× | -13.71× | -206.6% |
| FY2021 | 9.5% | 0.60× | 70.51× | 401.5% |
| FY2020 | 17.1% | 0.54× | 10.67× | 98.6% |
| FY2019 | -5.1% | 0.48× | 4.99× | -12.3% |
| FY2018 | 27.5% | 0.51× | 3.27× | 46.2% |
| FY2017 | 40.0% | 0.57× | 3.17× | 72.6% |
| FY2016 | 55.3% | 0.67× | 4.95× | 182.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$6.95B
- Cash generatingOperating cash flow above zero$9.29B
- Return on assets improvedROA up on the prior year29.2% → 19.7%
- Earnings backed by cashOperating cash flow above net income$9.29B vs $6.95B
- Less leverageLong-term debt to assets fell66.5% → 68.9%
- Better liquidityCurrent ratio rose0.51 → 0.65
- No dilutionShare count did not rise1.72B → 1.68B
- Gross margin improvedGross margin up on the prior year59.82% → 62.47%
- More efficientAsset turnover rose0.62 → 0.66