Altria Group IncAltria Group Inc
Altria Group Inc

Altria Group Inc

MO
Consumer Staples·Tobacco

Altria Group, Inc. is a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral Tobacco Products, E-Vapor Products and All Other. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA, and machine-made large cigars and pipe tobacco manufactured and sold by Middleton. The Oral Tobacco Products segment includes MST products manufactured and sold by USSTC, and oral nicotine pouches manufactured and sold by Helix. The E-Vapor Products segment contracts with third-party importers to supply all of its products and sells its e-vapor products to customers in the United States. The All Other segment refers to the financial results of NJOY, Helix ROW, and the IQOS System heated tobacco business. The company was founded in 1919 and is headquartered in Richmond, VA.

Virginia; U.S.A
Market cap
No dataNo data
Revenue
$23.3B−3.1% YoY
Net income
$6.9B−38.3% YoY
Free cash flow
$9.1B+5.4% YoY

Market

Listed stock
Tokenized stocks
MOPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$23.3B−3.1% YoY
Operating income
$9.9B−11.9% YoY
Net income
$6.9B−38.3% YoY
Free cash flow
$9.1B+5.4% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $26B, 2022 $25.1B, 2023 $24.5B, 2024 $24B, 2025 $23.3B. Operating income: 2021 $11.6B, 2022 $11.9B, 2023 $11.5B, 2024 $11.2B, 2025 $9.9B. Net income: 2021 $2.5B, 2022 $5.8B, 2023 $8.1B, 2024 $11.3B, 2025 $6.9B. Free cash flow: 2021 $8.2B, 2022 $8.1B, 2023 $9.1B, 2024 $8.6B, 2025 $9.1B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-3.1%−118 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $11.6B, 2022-12-31 $11.9B, 2023-12-31 $11.5B, 2024-12-31 $11.2B, 2025-12-31 $9.9B. Net income: 2021-12-31 $2.5B, 2022-12-31 $5.8B, 2023-12-31 $8.1B, 2024-12-31 $11.3B, 2025-12-31 $6.9B. Free cash flow: 2021-12-31 $8.2B, 2022-12-31 $8.1B, 2023-12-31 $9.1B, 2024-12-31 $8.6B, 2025-12-31 $9.1B

Growth heatmap

2022202320242025CAGR
Revenue
-3.5%
-2.4%
-1.9%
-3.1%
-2.7%
Gross profit
+1.8%
+0.3%
+0.6%
+1.2%
+1.0%
Operating income
+3.1%
-3.1%
-2.7%
-11.9%
-3.8%
Free cash flow
-2.2%
+12.9%
-5.3%
+5.4%
+2.5%

Earnings quality

Operating cash flow
$9.3B+6.1% YoY
Net income
$6.9B−38.3% YoY
Free cash flow
$9.1B+5.4% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 134%, 2024-12-31 78%, 2023-12-31 114%, 2022-12-31 143%, 2021-12-31 340%. Free cash flow: 2025-12-31 131%, 2024-12-31 76%, 2023-12-31 112%, 2022-12-31 140%, 2021-12-31 333%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data