MO logo Altria Group +
Ticker
MO
PM
Headquarter
Richmond ,VA
US
New York City ,NY
US
CEO
William F. Gifford Jr.
Jacek Olczak
Industry
Tobacco
Tobacco
Stock Price
Stock Price
Market Cap
Market Cap
$115.90 B
$290.83 B
Employees
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Employees
  • 6.40 K
  • 6.20 K
  • 5.90 K
  • 82.70 K
  • 83.10 K
  • 84.90 K
Y/Y
1.59%
3.13%
4.84%
3.63%
0.48%
2.17%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $20.50 B
  • $20.44 B
  • $20.14 B
  • $35.17 B
  • $37.88 B
  • $40.60 B
Y/Y
0.9%
0.28%
1.49%
10.74%
7.69%
7.18%
Revenue by Products / Services
Years
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • $208.00 M
  • $195.00 M
  • -
  • $759.00 M
  • -
Y/Y
0%
100%
6.25%
0%
100%
100%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $11.55 B
  • $11.24 B
  • $15.06 B
  • $11.56 B
  • $13.40 B
  • $15.21 B
Y/Y
3.12%
2.65%
34%
5.63%
15.97%
13.51%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 25.60%
  • 17.53%
  • 26.01%
  • 22.05%
  • 19.51%
  • 18.54%
Y/Y
16.42%
31.54%
48.38%
15.67%
11.53%
4.96%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $8.13 B
  • $11.26 B
  • $6.95 B
  • $7.79 B
  • $7.03 B
  • $11.50 B
Y/Y
41.05%
38.55%
38.33%
13.89%
9.72%
63.55%
Revenue Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Revenue Per Employee
  • $3.19 M
  • $3.25 M
  • -
  • $458.02 K
  • $488.52 K
  • -
Y/Y
1.84%
1.69%
100%
3.91%
6.66%
100%
Net Income Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Net Income Per Employee
  • $1.76 M
  • $1.12 M
  • -
  • $85.05 K
  • $138.44 K
  • -
Y/Y
36.38%
36.34%
100%
12.88%
62.76%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $38.57 B
  • $35.18 B
  • $35.02 B
  • $65.30 B
  • $61.78 B
  • $69.19 B
Y/Y
4.37%
8.8%
0.45%
5.87%
5.39%
11.98%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $42.06 B
  • $37.37 B
  • $38.47 B
  • $74.75 B
  • $71.65 B
  • $77.21 B
Y/Y
2.89%
11.16%
2.95%
9.94%
4.14%
7.76%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$196.00 M
  • -$142.00 M
  • -$216.00 M
  • -$1.32 B
  • -$1.44 B
  • -
Y/Y
4.39%
27.55%
52.11%
22.66%
9.31%
100%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 56.32%
  • 54.98%
  • 74.80%
  • 32.85%
  • 35.38%
  • 37.47%
Y/Y
2.24%
2.37%
36.03%
14.79%
7.7%
5.91%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 39.65%
  • 55.10%
  • 34.50%
  • 22.15%
  • 18.57%
  • 28.34%
Y/Y
42.33%
38.94%
37.39%
22.25%
16.16%
52.6%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $12.35 B
  • $15.07 B
  • $10.83 B
  • $13.37 B
  • $15.75 B
  • $17.08 B
Y/Y
41.24%
22.02%
28.11%
0.78%
17.76%
8.45%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $9.09 B
  • $8.61 B
  • $9.07 B
  • $7.88 B
  • $10.77 B
  • $12.23 B
Y/Y
12.92%
5.28%
5.38%
18.95%
36.66%
13.55%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • -229.66%
  • -503.31%
  • -198.37%
  • -69.41%
  • -59.86%
  • -143.30%
Y/Y
58.3%
119.15%
60.59%
31.29%
13.75%
139.37%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 21.08%
  • 32.02%
  • 19.84%
  • 11.93%
  • 11.38%
  • 16.63%
Y/Y
35.14%
51.91%
38.04%
18.67%
4.57%
46.05%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • -741.05%
  • -1,113.76%
  • -734.12%
  • -426.81%
  • -388.89%
  • -488.64%
Y/Y
10.35%
50.3%
34.09%
11.35%
8.88%
25.65%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $93.69 B
  • $111.63 B
  • $142.06 B
  • $190.86 B
  • $228.50 B
  • $281.73 B
Y/Y
10.87%
19.16%
27.26%
3.01%
19.72%
23.29%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 4.57
  • 5.46
  • 6.80
  • 5.43
  • 6.03
  • 6.94
Y/Y
10.06%
19.5%
24.45%
12.42%
11.18%
15.04%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 7.59
  • 7.41
  • 13.28
  • 14.27
  • 14.51
  • 16.49
Y/Y
36.9%
2.34%
79.21%
2.25%
1.67%
13.68%