A Business at a Glance
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General Development of Business When used in this Annual Report on Form 10-K (“Form 10-K”), the terms “Altria,” “we,” “us” and “our” refer to either (i) Altria Group, Inc. and its consolidated subsidiaries or (ii) Altria Group, Inc. only and not its consolidated subsidiaries, as appropriate in the context. We have a leading portfolio of tobacco products for U.S. tobacco consumers age 21+. We are Moving Beyond SmokingTM, by responsibly transitioning adult smokers to a smoke-free future, competing vigorously for existing smoke-free adult nicotine consumers and exploring new growth opportunities - beyond the United States and beyond nicotine (“Vision”). Our wholly owned subsidiaries include Philip Morris USA Inc. (“PM USA”), which is engaged in the manufacture and sale of cigarettes; John Middleton Co.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 23.3B | 23.3B | 24.0B | 24.5B | 25.1B | 26.0B |
| Net Income | 6.9B | 6.9B | 11.3B | 8.1B | 5.8B | 2.5B |
| EPS | $4.12 | $4.12 | $6.54 | $4.57 | $3.19 | $1.34 |
| Free Cash Flow | 9.1B | 9.1B | 8.6B | 9.1B | 8.1B | 8.2B |
| ROIC | 37.9% | 44.7% | 51.6% | 45.6% | 45.8% | 30.4% |
| Gross Margin | 62.5% | 62.5% | 59.8% | 58.3% | 56.8% | 53.8% |
| Debt/Equity | 0.00 | -7.79 | -11.82 | -7.41 | -6.72 | -17.46 |
| Dividends/Share | $4.13 | $4.16 | $4.00 | $3.84 | $3.68 | $3.52 |
| Operating Income | 9.9B | 9.9B | 11.2B | 11.5B | 11.9B | 11.6B |
| Operating Margin | 42.5% | 42.5% | 46.8% | 47.2% | 47.5% | 44.4% |
| ROE | 0.0% | -242.1% | - | -216.0% | -206.2% | 399.7% |
| Shares Outstanding | 1,686M | 1,686M | 1,722M | 1,775M | 1,803M | 1,839M |
ALTRIA GROUP, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
ALTRIA GROUP, INC. trades at 16.2x trailing earnings, compared to its 15-year median P/E of 7.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.3x vs a median of 7.9x. The company's 5-year average ROIC is 43.6% with a gross margin of 58.2%. Total shareholder yield (dividends + buybacks) is 7.1%. At current prices, the estimated annualized return to fair value is +4.6%.
ALTRIA GROUP, INC. (MO) has a current P/E ratio of 16.2, compared to its historical median P/E of 7.7. The stock is currently considered Expensive based on its historical valuation range.
ALTRIA GROUP, INC. (MO) has a 5-year average return on invested capital (ROIC) of 43.6%. This indicates strong capital allocation and a potential competitive advantage.
ALTRIA GROUP, INC. (MO) has a market capitalization of $112.7B. It is classified as a large-cap stock.
Yes, ALTRIA GROUP, INC. (MO) pays a dividend with a trailing twelve-month yield of 6.18%. The company also returns capital through share buybacks, with a buyback yield of 0.89%.
Based on historical P/E analysis, ALTRIA GROUP, INC. (MO) appears expensive. The current P/E of 16.2 is 110% above its historical median of 7.7. The estimated fair value CAGR (P/E method) is 24.2%.
ALTRIA GROUP, INC. (MO) operates in the Cigarettes industry, within the Consumer Defensive sector.
ALTRIA GROUP, INC. (MO) reported annual revenue of $23.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
ALTRIA GROUP, INC. (MO) has a net profit margin of 29.8%. This is a strong margin indicating high profitability.
ALTRIA GROUP, INC. (MO) generated $9.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ALTRIA GROUP, INC. (MO) reported earnings per share (EPS) of $4.12 in its most recent fiscal year.
ALTRIA GROUP, INC. (MO) has a return on equity (ROE) of -242.1%. A negative ROE may indicate losses or negative equity.
ALTRIA GROUP, INC. (MO) has a 5-year average gross margin of 58.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for ALTRIA GROUP, INC. (MO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ALTRIA GROUP, INC. (MO) has a book value per share of $-2.08, based on its most recent annual SEC filing.