Altria Group, Inc. (MO) Stock Analysis
Consumer Defensive · Tobacco · NYSE
Altria Group, Inc. (MO) posted $20.14B in revenue for fiscal 2025 (down 1.5% year over year), at a 34.5% net margin, and has compounded revenue about -5.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Altria Group, Inc.
Altria Group, Inc. has grown revenue from $25.74B to $20.14B over the last 10 fiscal years, compounding about -5.1% a year. The most recent year was down 1.5%, so growth is actually accelerating.
Net margin sits at 34.5%, down 20.6 points year over year on a 72.2% gross margin. It carries about $25.71B of total debt.
At today's valuation the market is pricing in roughly 1.3% annual free-cash-flow growth — versus the 2.2% it actually delivered over the last five years, broadly in line with what it has delivered. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Altria Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Altria Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.74B | $25.58B | $25.36B | $25.11B | $26.15B | $26.01B | $20.69B | $20.50B | $20.44B | $20.14B |
| Gross profit | $11.57B | $11.96B | $12.25B | $12.71B | $13.02B | $13.99B | $14.25B | $14.28B | $14.37B | $14.54B |
| Net income | $14.24B | $10.22B | $6.96B | $-1.29B | $4.47B | $2.48B | $5.76B | $8.13B | $11.26B | $6.95B |
| Net margin | 55.3% | 40.0% | 27.5% | -5.1% | 17.1% | 9.5% | 27.9% | 39.7% | 55.1% | 34.5% |
Source: Altria Group, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Altria Group, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 48.6% while revenue rose -1.5% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into MO stock?
At today's market cap of $114.09B, Altria Group, Inc. is priced for free-cash-flow growth of about 1.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $9.07B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 2.2%/yr over the last five fiscal years and revenue -5.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Altria Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeAltria Group, Inc. financial history by metric
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About Altria Group, Inc.
Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. It offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and oral tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand. The company sells its products to distributors, as well as large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia.
Altria Group, Inc. — frequently asked questions
What is Altria Group, Inc.'s revenue?
Altria Group, Inc. (MO) reported revenue of $20.14B for fiscal year 2025, down 1.5% from the prior year, according to its SEC filings.
Is Altria Group, Inc. profitable?
Yes. MO earned net income of $6.95B in fiscal 2025, a net margin of 34.5%.
What is MO's P/E ratio?
Altria Group, Inc. trades at a price-to-earnings ratio of about 14.4 based on the latest data in our nightly-refreshed cache.
How fast is Altria Group, Inc. growing?
MO's revenue grew at roughly -5.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Altria Group, Inc. have?
As of fiscal year 2025, MO carried roughly $25.71B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Altria Group, Inc.'s gross margin?
MO's gross margin was 72.2% in fiscal 2025 — gross profit of $14.54B on revenue of $20.14B.
What is Altria Group, Inc.'s market cap?
Altria Group, Inc. (MO) has a market capitalization of about $114.09B, based on the latest data in our nightly-refreshed cache.
When does Altria Group, Inc.'s fiscal year end?
MO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into MO stock?
At today's market cap of $114.09B, Altria Group, Inc. is priced for free-cash-flow growth of about 1.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $9.07B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 2.2%/yr over the last five fiscal years and revenue -5.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Altria Group, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.