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NYSE · Consumer Staples

ALTRIA GROUP, INC. (MO)

As-reported financials and SEC filings for ALTRIA GROUP, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ALTRIA GROUP, INC.

Altria Group, Inc. is a U.S.-based company that manufactures and sells tobacco products for adult consumers aged 21 and older. Its main products include combustible cigarettes under the Marlboro brand, machine-made large cigars under the Black & Mild brand, moist smokeless tobacco products like Copenhagen and Skoal, oral nicotine pouches, and e-vapor products. The company operates primarily through subsidiaries such as Philip Morris USA, John Middleton Co., U.S. Smokeless Tobacco Company, Helix Innovations, and NJOY, serving customers mainly within the United States.

Snapshot

Revenue
$23.28B
Revenue growth (YoY)
-3.1%
Net income
$6.95B
Diluted EPS
$4.12
Gross margin
76.0%
Operating margin
42.5%
Net margin
29.8%
FCF margin
39.0%
ROE
net income / fiscal-year-end equity
P/E
14.4×
trailing when available, otherwise FY EPS
Market cap
$113.36B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Altria Group

  • Revenue fell 3.1% to $23.3B in FY2025, after a 1.9% decline the year before.
  • Operating margin is 42.5% in FY2025, -1.9 pp against 44.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $6.1B, up 0.1% from Q2 FY2025.
  • Free cash flow was $9.1B in FY2025, 39.0% of revenue.
  • Net income fell 38.3% to $6.9B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Altria Group’s fundamentals sit among the 113 Consumer Staples companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin76.0%
Highest of 97
Operating margin42.5%
Highest of 100
Net margin29.8%
98th percentile of 105
FCF margin39.0%
Highest of 99
Revenue growth (YoY)-3.1%
26th percentile of 110
P/E14.4×
22nd percentile of 73
Short interest4.17d
54th percentile of 111

Altria Group’s gross margin of 76.0% is the highest of the 97 Consumer Staples companies reporting it. Altria Group’s operating margin of 42.5% is the highest of the 100 Consumer Staples companies reporting it. Altria Group’s FCF margin of 39.0% is the highest of the 99 Consumer Staples companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$1.06B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$427.4M5.9MAdded
Citadel AdvisorsquantQ2 2026$157.4M2.2MReduced
Renaissance TechnologiesquantQ2 2026$128.2M1.8MAdded
Bridgewater AssociatesQ2 2026$124.3M1.7MAdded
D. E. ShawquantQ2 2026$114.1M1.6MReduced
Gotham Asset ManagementQ2 2026$58.7M815.4KAdded
Millennium ManagementquantQ2 2026$30.8M428.4KReduced
Two Sigma InvestmentsquantQ2 2026$16.4M227.3KAdded
Maverick CapitalQ2 2026$3.6M50.2KReduced
Dodge & CoxQ2 2026$1.5M20.5KHeld
Yacktman Asset ManagementQ2 2026$302,1904.2KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-26
filed 2026-05-28
KELLY ENNIS DEBRA JDirectorSell5.8K$72.25$418K
2026-05-26
filed 2026-05-28
Strahlman Ellen RDirectorSell2.0K$72.56$145K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
40.6M
settled 2026-08-14
Change vs prior
-20.1%
vs previous settlement
Days to cover
4.17
at avg daily volume
Avg daily volume
9.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1440.6M-20.1%4.17
2026-07-3150.8M-4.5%5.61
2026-07-1553.1M+3.3%8.60
2026-06-3051.4M-0.6%5.49
2026-06-1551.8M-1.4%6.48
2026-05-2952.5M+1.7%6.85
2026-05-1551.6M+3.0%5.29
2026-04-3050.1M+8.1%5.16

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$23.28B$24.02B$24.48B$25.10B$26.01B
Gross profit$17.68B$17.94B$18.27B$18.65B$18.89B
Operating income$9.90B$11.24B$11.55B$11.92B$11.56B
Net income$6.95B$11.26B$8.13B$5.76B$2.48B
Diluted EPS$4.12$6.54$4.57$3.19$1.34

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$9.29B$8.75B$9.29B$8.26B$8.40B
Capital expenditure$216.0M$142.0M$196.0M$205.0M$169.0M
Free cash flow$9.07B$8.61B$9.09B$8.05B$8.24B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$6.11B0.1%$2.30B$1.37
Q1 FY2026$5.43B3.2%$2.18B$1.30
Q4 FY2025$5.85B-2.1%$1.12B$0.67
Q3 FY2025$6.07B-3.0%$2.38B$1.41
Q2 FY2025$6.10B-1.7%$2.38B$1.41
Q1 FY2025$5.26B-5.7%$1.08B$0.63
Q4 FY2024$5.97B-0.0%$3.04B$1.79
Q3 FY2024$6.26B-0.4%$2.29B$1.34

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Staples
SIC industryCigarettes
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK764180

Selected SEC filings

10-K/A2026-05-27
View on EDGAR →
10-K2026-02-25
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
8-K2026-08-28
View on EDGAR →
8-K2026-07-30
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.