Altria Group, Inc. (MO) Financial Statements
Industry: Cigarettes
In fiscal 2025, Altria reported revenue of $23.28B, down 3.1% from $24.02B the year before. Net income was $6.95B (a 29.8% net margin), or $4.12 per diluted share. Gross margin was 62.5% and operating margin was 42.5%. Operating activities generated $9.29B of cash, leaving $9.07B of free cash flow. At fiscal year end, Altria held $35.02B in total assets against $38.47B in total liabilities, including $4.47B of cash and equivalents.
Open the full interactive Altria financials → Quarterly statements, key ratios, valuation history and price charts.
Altria Key Stats
| Share Price | $71.56 |
|---|---|
| Market Cap | $119.51B |
| P/E Ratio | 17.4 |
| Revenue YoY Growth | -3.1% |
| 52-Week Range | $52.19 – $73.74 |
| Shares Outstanding | 1.67 billion (basic, 2026 Q2) |
Altria Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $26.15B | $26.01B | $25.10B | $24.48B | $24.02B | $23.28B |
| Cost of Goods Sold | $7.82B | $7.12B | $6.44B | $6.22B | $6.08B | $5.60B |
| Gross Profit | $13.02B | $13.99B | $14.25B | $14.28B | $14.37B | $14.54B |
| Operating Income | $10.87B | $11.56B | $11.92B | $11.55B | $11.24B | $9.90B |
| Pre-Tax Income | $6.89B | $3.82B | $7.39B | $10.93B | $13.66B | $9.39B |
| Income Tax | $2.44B | $1.35B | $1.62B | $2.80B | $2.39B | $2.44B |
| Net Income | $4.47B | $2.48B | $5.76B | $8.13B | $11.26B | $6.95B |
| Diluted EPS | $2.40 | $1.34 | $3.19 | $4.57 | $6.54 | $4.12 |
Altria Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.07B | $5.85B | $5.43B | $6.11B |
| Net Income | $2.38B | $1.12B | $2.18B | $2.30B |
| Diluted EPS | $1.41 | $0.66 | $1.30 | $1.37 |
Altria Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.95B | $4.54B | $4.03B | $3.69B | $3.13B | $4.47B |
| Current Assets | $7.12B | $6.08B | $7.22B | $5.58B | $4.51B | $5.93B |
| Total Assets | $47.41B | $39.52B | $36.95B | $38.57B | $35.18B | $35.02B |
| Current Liabilities | $9.06B | $8.58B | $8.62B | $11.32B | $8.78B | $9.15B |
| Total Long-Term Debt | $29.47B | $28.04B | $26.68B | $26.23B | $24.93B | $25.71B |
| Total Liabilities | $44.45B | $41.13B | $40.88B | $42.06B | $37.37B | $38.47B |
| Shareholders' Equity | $2.84B | -$1.61B | -$3.97B | -$3.54B | -$2.24B | -$3.50B |
Altria Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $8.38B | $8.40B | $8.26B | $9.29B | $8.75B | $9.29B |
| Cash From Investing | -$143.0M | $1.21B | $782.0M | -$1.28B | $2.17B | -$341.0M |
| Cash From Financing | -$5.40B | -$10.03B | -$9.54B | -$8.37B | -$11.49B | -$7.62B |
| Free Cash Flow | $8.15B | $8.24B | $8.05B | $9.09B | $8.61B | $9.07B |
Figures from Altria's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Altria financials page for every line item.
Altria Company Profile
| Ticker | MO |
|---|---|
| Exchange | NYSE |
| Industry | Cigarettes |
| Headquarters | Richmond, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000764180 |
Frequently Asked Questions
What was Altria's revenue in fiscal 2025?
Altria (MO) reported revenue of $23.28B for fiscal 2025.
What is Altria's annual revenue history?
Altria's annual revenue by fiscal year: 2020: $26.15B; 2021: $26.01B; 2022: $25.10B; 2023: $24.48B; 2024: $24.02B; 2025: $23.28B.
What was Altria's net income in fiscal 2025?
Altria reported net income of $6.95B for fiscal 2025.
What was Altria's earnings per share (EPS) in fiscal 2025?
Altria's diluted EPS was $4.12 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Altria generate in fiscal 2025?
Altria generated $9.07B of free cash flow in fiscal 2025.
What was Altria's revenue last quarter?
In its most recent reported quarter (2026 Q2), Altria reported revenue of $6.11B.
How much debt does Altria have?
Altria reported $25.71B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Altria are outstanding?
Altria reported a weighted average of 1.67 billion basic shares outstanding in 2026 Q2.
What is Altria's market cap?
Based on its latest closing price, Altria (MO) has a market capitalization of about $119.51B.
When does Altria's fiscal year end?
Altria's fiscal year end, as registered with the SEC, is December 31.
Where is Altria headquartered?
Altria lists its business address in Richmond, Virginia in its SEC filings.