MO · Altria Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.43B | - | $6.07B | $6.10B | $5.26B | - | $6.26B | $6.21B | $5.58B | - |
| Cost of Revenue | $1.25B | - | $1.44B | $1.44B | $1.27B | - | $1.54B | $1.60B | $1.44B | - |
| Gross Profit | $3.51B | - | $3.81B | $3.85B | $3.25B | - | $3.81B | $3.67B | $3.28B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $56.00M | - | $32.00M | $37.00M | $71.00M | - | - | - | $65.00M | - |
| Operating Income | $2.96B | - | $3.23B | $3.23B | $1.79B | - | $3.15B | $2.53B | $2.67B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $676.00M | - | $700.00M | $740.00M | $606.00M | - | $733.00M | $1.31B | $610.00M | - |
| Net Income | $2.18B | - | $2.38B | $2.38B | $1.08B | - | $2.29B | $3.80B | $2.13B | - |
| EPS - Basic | $1.30 | - | $1.41 | $1.41 | $0.63 | - | $1.34 | $2.21 | $1.21 | - |
| EPS - Diluted | $1.30 | - | $1.41 | $1.41 | $0.63 | - | $1.34 | $2.21 | $1.21 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.53B | $4.47B | $3.47B | $1.29B | $4.73B | $3.13B | $1.90B | $1.80B | $3.61B | $3.69B |
| Accounts Receivable | $284.00M | $263.00M | $249.00M | $241.00M | $258.00M | $177.00M | $87.00M | $72.00M | $77.00M | $71.00M |
| Inventory | $1.15B | $1.07B | $1.06B | $1.02B | $1.06B | $1.08B | $1.10B | $1.17B | $1.24B | $1.22B |
| Accounts Payable | $701.00M | $750.00M | $662.00M | $569.00M | $550.00M | $700.00M | $510.00M | $556.00M | $504.00M | $582.00M |
| Current Assets | $5.20B | $5.93B | $5.12B | $2.63B | $6.08B | $4.51B | $3.50B | $3.54B | $5.20B | $5.58B |
| Total Assets | $34.58B | $35.02B | $35.01B | $32.33B | $35.76B | $35.18B | $34.17B | $34.39B | $36.48B | $38.57B |
| Current Liabilities | $8.41B | $9.15B | $8.29B | $6.79B | $10.65B | $8.78B | $8.00B | $7.78B | $10.94B | $11.32B |
| Long-term Debt | $24.06B | $24.14B | $24.13B | $23.65B | $23.43B | $23.40B | $23.57B | $23.47B | $25.04B | $25.11B |
| Total Liabilities | $37.74B | $38.47B | $37.60B | $35.54B | $39.22B | $37.37B | $37.59B | $37.35B | $41.54B | $42.06B |
| Stockholders' Equity | ($3.21B) | ($3.50B) | ($2.65B) | ($3.26B) | ($3.51B) | ($2.24B) | ($3.47B) | ($3.02B) | ($5.11B) | ($3.54B) |
| Retained Earnings | $35.86B | $35.45B | $36.12B | $35.52B | $34.87B | $35.52B | $34.21B | $33.65B | $31.54B | $31.09B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.32B | - | - | - | $2.72B | - | - | - | $2.88B | - |
| Investing Cash Flow | ($109.00M) | - | - | - | ($43.00M) | - | - | - | $2.32B | - |
| Financing Cash Flow | ($3.16B) | - | - | - | ($1.08B) | - | - | - | ($5.27B) | - |
| CapEx | $93.00M | - | - | - | $38.00M | - | - | - | $35.00M | - |
| Free Cash Flow | $2.23B | - | - | - | $2.68B | - | - | - | $2.84B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 64.6% | - | 62.8% | 63.1% | 61.8% | - | 60.8% | 59.2% | 58.8% | - |
| Operating margin | 54.5% | - | 53.2% | 52.9% | 34.0% | - | 50.4% | 40.8% | 48.0% | - |
| EBITDA margin | 55.5% | - | 53.7% | 53.5% | 35.3% | - | - | - | 49.1% | - |
| Net margin | 40.2% | - | 39.1% | 39.0% | 20.5% | - | 36.6% | 61.2% | 38.2% | - |
| Free cash flow margin | 41.1% | - | - | - | 51.0% | - | - | - | 51.0% | - |
| FCF / Net income | 1.02 | - | - | - | 2.49 | - | - | - | 1.33 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.6% | - | 22.8% | 23.7% | 36.0% | - | 24.2% | 25.7% | 22.3% | - |
| Return on assets | 6.3% | - | 6.8% | 7.4% | 3.0% | - | 6.7% | 11.1% | 5.8% | - |
| Return on equity | -68.0% | - | -89.8% | -73.0% | -30.7% | - | -66.1% | -126.1% | -41.6% | - |
| Return on invested capital | 10.8% | - | 11.6% | 12.1% | 5.7% | - | 11.9% | 9.2% | 10.4% | - |
| Liquidity | ||||||||||
| Current ratio | 0.62 | 0.65 | 0.62 | 0.39 | 0.57 | 0.51 | 0.44 | 0.45 | 0.48 | 0.49 |
| Quick ratio | 0.48 | 0.53 | 0.49 | 0.24 | 0.47 | 0.39 | 0.30 | 0.30 | 0.36 | 0.39 |
| Cash ratio | 0.42 | 0.49 | 0.42 | 0.19 | 0.44 | 0.36 | 0.24 | 0.23 | 0.33 | 0.33 |
| Leverage | ||||||||||
| Debt / Equity | -7.49 | -6.89 | -9.12 | -7.26 | -6.67 | -10.46 | -6.80 | -7.78 | -4.90 | -7.09 |
| Debt / Assets | 0.70 | 0.69 | 0.69 | 0.73 | 0.66 | 0.67 | 0.69 | 0.68 | 0.69 | 0.65 |
| Debt / EBITDA | 7.99 | - | 7.40 | 7.24 | 12.60 | - | - | - | 9.14 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -10.77 | -10.00 | -13.23 | -9.93 | -10.19 | -15.72 | -9.85 | -11.40 | -7.13 | -10.90 |
| Liabilities / Assets | 1.09 | 1.10 | 1.07 | 1.10 | 1.10 | 1.06 | 1.10 | 1.09 | 1.14 | 1.09 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.17 | 0.19 | 0.15 | - | 0.18 | 0.18 | 0.15 | - |
| Inventory turnover | 1.09 | - | 1.35 | 1.42 | 1.20 | - | 1.40 | 1.36 | 1.16 | - |
| Days sales outstanding | 19d | - | 15d | 14d | 18d | - | 5d | 4d | 5d | - |
| Days inventory outstanding | 334d | - | 270d | 258d | 305d | - | 262d | 267d | 315d | - |
| Days payable outstanding | 204d | - | 168d | 144d | 158d | - | 121d | 127d | 128d | - |
| Cash conversion cycle | 149d | - | 117d | 128d | 165d | - | 146d | 145d | 192d | - |
| Valuation | ||||||||||
| P / E | 50.8x | - | 46.9x | 41.6x | 95.3x | - | 38.1x | 20.6x | 36.0x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 20.3x | - | 18.3x | 16.2x | 19.3x | - | 13.9x | 12.6x | 13.8x | - |
| EV / EBITDA | 43.5x | - | 40.4x | 37.1x | 64.6x | - | - | - | 35.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.2% | - | -3.0% | -1.7% | -5.7% | - | -0.4% | -4.6% | -2.5% | - |
| Revenue CAGR (3y) | -1.7% | - | -2.5% | -2.3% | -3.7% | - | -2.7% | -3.6% | -2.6% | - |
| Revenue CAGR (5y) | -2.1% | - | -3.1% | -0.8% | -3.7% | - | -1.8% | -1.3% | -0.2% | - |
| Gross profit growth (YoY) | 7.9% | - | 0.1% | 4.8% | -0.9% | - | 2.9% | -2.2% | -1.5% | - |
| Operating income growth (YoY) | 65.3% | - | 2.5% | 27.5% | -33.1% | - | 2.0% | -12.8% | -3.0% | - |
| Net income growth (YoY) | 102.7% | - | 3.6% | -37.5% | -49.4% | - | 5.9% | 79.6% | 19.1% | - |
| EPS growth (YoY) | 106.3% | - | 5.2% | -36.2% | -47.9% | - | 9.8% | 85.7% | 21.0% | - |
| EPS CAGR (3y) | 9.1% | - | 127.3% | 42.2% | -16.4% | - | - | 28.6% | 13.4% | - |
| EPS CAGR (5y) | 9.4% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -16.8% | - | - | - | -5.6% | - | - | - | -3.0% | - |
| FCF CAGR (5y) | -5.8% | - | - | - | -2.7% | - | - | - | 4.8% | - |
| Book value growth (YoY) | 8.5% | -56.5% | 23.7% | -8.0% | 31.4% | 36.8% | -1.8% | 21.2% | -31.9% | 10.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$23.28B totalSmokeable Products Segment$20.48B · 88.0%
Oral Tobacco Segment$2.80B · 12.0%
All Other Segments$5.00M · 0.0%
EVapor($13.00M) · -0.1%
Product / service
$20.48B totalCigarettes$19.25B · 94.0%
Cigars$1.24B · 6.0%
Peer comparison
Same SIC group: Cigarettes
Comparing ALTRIA GROUP against the 5 most active filers in the same SIC group.
Dividends
$4.20/share trailing 12 months · +4.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 25, 2026 | $1.0600 |
| Dec 26, 2025 | $1.0600 |
| Sep 15, 2025 | $1.0600 |
| Jun 16, 2025 | $1.0200 |
| Mar 25, 2025 | $1.0200 |
| Dec 26, 2024 | $1.0200 |
| Sep 16, 2024 | $1.0200 |
| Jun 14, 2024 | $0.9800 |
| Mar 22, 2024 | $0.9800 |
| Dec 20, 2023 | $0.9800 |
| Sep 14, 2023 | $0.9800 |
| Jun 14, 2023 | $0.9400 |
| Mar 23, 2023 | $0.9400 |
| Dec 21, 2022 | $0.9400 |
| Sep 14, 2022 | $0.9400 |
| Jun 14, 2022 | $0.9000 |
| Mar 24, 2022 | $0.9000 |
| Dec 22, 2021 | $0.9000 |
| Sep 14, 2021 | $0.9000 |
| Jun 14, 2021 | $0.8600 |
| Mar 24, 2021 | $0.8600 |
| Dec 24, 2020 | $0.8600 |
| Sep 14, 2020 | $0.8600 |
| Jun 12, 2020 | $0.8400 |