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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. MO Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Altria (MO)

Market Price (9/12/2025): $66.42 | Market Cap: $111.9 Bil
Sector: Consumer Staples | Industry: Tobacco

Altria (MO)

Market Price (9/12/2025): $66.42
Market Cap: $111.9 Bil
Sector: Consumer Staples
Industry: Tobacco

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 6.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.6%, FCF Yield is 7.8%		 Trading close to highs
Dist 52W High is -2.0%, Dist 3Y High is -2.0%		 Expensive valuation multiples
P/SPrice/Sales ratio is 5.5x
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 59%		  Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43%, CFO LTM is 8.9 Bil, FCF LTM is 8.7 Bil		  
3 Low stock price volatility
Vol 12M is 19%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 6.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.6%, FCF Yield is 7.8%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 59%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 43%, CFO LTM is 8.9 Bil, FCF LTM is 8.7 Bil
3 Low stock price volatility
Vol 12M is 19%
4 Trading close to highs
Dist 52W High is -2.0%, Dist 3Y High is -2.0%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 5.5x
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%

Market Valuation

 9/12/252024202320222021
Share Price CYE$66.42$50.49$35.87$37.25$35.69
Market Cap CYE ($ Bil)111.985.563.466.765.4
Total Debt ($ Bil)24.724.926.226.728.0
Total Cash ($ Bil)1.33.13.74.04.5
Enterprise Value ($ Bil)135.3110.489.693.493.4
Valuation Ratios     
P/S TTM5.54.43.54.04.1
P/EBIT TTM9.56.15.99.717.4
P/E TTM12.78.08.814.335.3
Sector Ratios     
P/S TTM (Sector)0.80.90.90.91.6
P/EBIT TTM (Sector)8.59.19.99.711.5
P/E TTM (Sector)12.712.714.512.016.3
 9/12/2520242023
Share Price CYE$66.42$50.49$35.87
Market Cap CYE ($ Bil)111.985.563.4
Total Debt ($ Bil)24.724.926.2
Total Cash ($ Bil)1.33.13.7
Enterprise Value ($ Bil)135.3110.489.6
Valuation Ratios   
P/S TTM5.54.43.5
P/EBIT TTM9.56.15.9
P/E TTM12.78.08.8
Sector Ratios   
P/S TTM (Sector)0.80.90.9
P/EBIT TTM (Sector)8.59.19.9
P/E TTM (Sector)12.712.714.5

Market Cap Chart

Business Description

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
MO Return-10%24%4%-4%41%31%110%
Peers Return10%12%-6%13%48%37%168%
S&P 500 Return16%27%-19%24%23%12%101%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: PM, TPB, UVV, MO. See MO Returns vs. Peers.
[3] 2025 data is for the year up to 9/11/2025 (YTD)

Interactive Breakdown

Altria Interactive Breakdown Analysis

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Altria Earnings Notes  
2A Decade of Rewards: MO Returns $74 Bil to Investors  
3Altria vs Interactive Brokers: Which Is A Better Investment?Counter-Intuitive Comparisons 
4How Does MO Stack Up Against Its Peers?Peer Comparison 
5Day 7 of Gains Streak for Altria Stock with 6.8% Return (vs. 31% YTD) [8/12/2025]Notification 
6Better Bet Than MO Stock: Pay Less Than Altria To Get More From HCA, OKE   
7Better Bet Than MO Stock: Pay Less Than Altria To Get More From PPC, SJM   
8Better Bet Than MO Stock: Pay Less Than Altria To Get More From UVV Actionable 
9MO Dip Buy Analysis  
10Altria Total Shareholder Return (TSR): 46.7% in 2024 and 20.3% 3-yr compounded annual returns (above peer average)  
11ARTICLES  
12A Decade of Rewards: MO Returns $74 Bil to Investors August 27th, 2025
13S&P 500 Stocks Trading At 52-Week High August 13th, 2025
14MO Stock Up 6.8% after 7-Day Win Streak August 13th, 2025
15Large Cap Stocks Trading At 52-Week High August 12th, 2025
16Better Bet Than Altria Stock: Pay Less To Get More From UVV August 8th, 2025
Title
0DASHBOARDS
1A Decade of Rewards: MO Returns $74 Bil to Investors
2S&P 500 Stocks Trading At 52-Week High
3MO Stock Up 6.8% after 7-Day Win Streak
4Large Cap Stocks Trading At 52-Week High
5Better Bet Than Altria Stock: Pay Less To Get More From UVV
6ARTICLES
7Altria Earnings Notes
8A Decade of Rewards: MO Returns $74 Bil to Investors
9Altria vs Interactive Brokers: Which Is A Better Investment?
10How Does MO Stack Up Against Its Peers?
11Day 7 of Gains Streak for Altria Stock with 6.8% Return (vs. 31% YTD) [8/12/2025]
12Better Bet Than MO Stock: Pay Less Than Altria To Get More From HCA, OKE 
13Better Bet Than MO Stock: Pay Less Than Altria To Get More From PPC, SJM 
14Better Bet Than MO Stock: Pay Less Than Altria To Get More From UVV 
15MO Dip Buy Analysis
16Altria Total Shareholder Return (TSR): 46.7% in 2024 and 20.3% 3-yr compounded annual returns (above peer average)

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Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1QMMMQMMM960.8%5800.8%
2OCTOEightco900.0%562.1%
3WLDSWearable Devices644.0%-7.0%
4CWDCaliberCos248.3%-40.7%
5AIREReAlpha Tech223.1%-57.4%
6PTNMPitanium202.3% 
7EDHLEverbright Digital162.0% 
8NXTTNext Technology148.3%-85.5%
9FORDForward Industries130.5%596.6%
10LUDLuda Technology105.1% 

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1DGNXDiginex-86.2% 
2YYGHYY-75.6%-78.1%
3YAASYouxin Technology-73.8%-98.1%
4LGCLLucas GC-66.7%-73.4%
5IPDNProfessional Diversity Network-60.8%-37.0%
6BINIBollinger Innovations-57.3%-100.0%
7HWHHWH International-50.5%-4.8%
8CDTCDT Equity-49.6%-99.4%
9MRNOMurano Global Investments-42.9%-68.3%
10BRIABrilliA-42.2%-37.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Altria

Financials

MOPMTPBUVVMedian
NameAltria Philip M.Turning .Universal 
Mkt Price66.36167.90100.6856.1483.52
Mkt Cap111.8261.41.81.456.8
Rev LTM20,25939,0583782,94411,601
Op Inc LTM11,96114,210882616,111
FCF LTM8,7288,989521324,430
FCF 3Y Avg8,7108,84056274,383
CFO LTM8,87610,406601844,530
CFO 3Y Avg8,88710,21562874,487

Growth & Margins

MOPMTPBUVVMedian
NameAltria Philip M.Turning .Universal 
Rev Chg LTM-0.2%7.2%28.3%4.1%5.6%
Rev Chg 3Y Avg-0.9%7.1%-1.1%10.7%3.1%
Rev Chg Q0.2%7.1%25.1%-0.6%3.7%
QoQ Delta Rev Chg LTM0.1%1.8%6.6%-0.1%0.9%
Op Mgn LTM59.0%36.4%23.4%8.9%29.9%
Op Mgn 3Y Avg57.1%35.7%25.3%7.9%30.5%
QoQ Delta Op Mgn LTM1.7%0.2%-0.6%0.6%0.4%
CFO/Rev LTM43.8%26.6%15.9%6.3%21.3%
CFO/Rev 3Y Avg43.5%28.2%19.0%3.1%23.6%
FCF/Rev LTM43.1%23.0%13.8%4.5%18.4%
FCF/Rev 3Y Avg42.7%24.4%17.2%0.9%20.8%

Valuation

MOPMTPBUVVMedian
NameAltria Philip M.Turning .Universal 
Mkt Cap111.8261.41.81.456.8
P/S5.56.74.80.55.1
P/EBIT9.517.720.35.613.6
P/E12.731.841.313.622.7
P/CFO12.625.130.07.618.9
Total Yield14.0%6.3%2.7%13.1%9.7%
Dividend Yield6.2%3.2%0.3%5.7%4.4%
FCF Yield 3Y Avg10.2%4.8%9.0%1.6%6.9%
D/E0.20.20.20.90.2
Net D/E0.20.20.10.80.2

Returns

MOPMTPBUVVMedian
NameAltria Philip M.Turning .Universal 
1M Rtn0.5%-0.4%1.7%3.7%1.1%
3M Rtn12.7%-8.1%33.3%-6.7%3.0%
6M Rtn17.4%13.4%77.2%5.7%15.4%
12M Rtn34.4%39.3%164.5%17.0%36.8%
3Y Rtn88.2%99.0%335.2%32.8%93.6%
1M Excs Rtn-1.7%-2.6%-0.5%1.5%-1.1%
3M Excs Rtn3.3%-17.1%25.2%-16.3%-6.5%
6M Excs Rtn1.2%-4.9%52.7%-9.7%-1.8%
12M Excs Rtn11.6%16.5%136.9%-4.7%14.0%
3Y Excs Rtn22.1%38.0%281.4%-31.1%30.1%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/30/20254/29/20252/26/202510/31/20247/31/20244/25/20242/27/202410/26/20238/1/20234/27/20232/27/202310/27/2022
Key Financials Quarterly            
Total Revenue5,2904,5195,1065,3445,2774,7175,0245,2775,4384,7635,0835,412
Ebitda3,4642,0163,1923,3675,4513,0583,2043,2603,1252,7603,063732
Operating Income3,2312,6612,9173,1522,8872,6742,7963,0892,9052,7572,8183,112
Net Income2,3781,0773,0392,2933,8032,1292,0602,1662,1171,7872,690224
EPS1.410.631.801.342.211.211.171.221.191.001.500.12
Key Financials TTM            
Total Revenue TTM20,25920,24620,44420,36220,29520,45620,50220,56120,69620,63220,68820,691
Ebitda TTM12,03914,02615,06815,08014,97312,64712,34912,2089,6808,4978,7438,333
Operating Income TTM11,96111,61711,63011,50911,44611,46411,54711,56911,59211,79211,91911,834
Net Income TTM8,78710,21211,26410,28510,1588,4728,1308,7606,8185,5925,7644,698
Growth Rates Quarterly            
Total Revenue Growth0.2%-4.2%1.6%1.3%-3.0%-1.0%-1.2%-2.5%1.2%-1.2%-0.1%-2.2%
EBITDA Growth-36.5%-34.1%-0.4%3.3%74.4%10.8%4.6%345.4%60.9%-8.2%15.5%124.6%
Operating Income Growth11.9%-0.5%4.3%2.0%-0.6%-3.0%-0.8%-0.7%-6.4%-4.4%3.1%5.5%
Net Income Growth-37.5%-49.4%47.5%5.9%79.6%19.1%-23.4%867.0%137.6%-8.8%65.6%108.2%
Margins Quarterly            
EBITDA Margin65.5%44.6%62.5%63.0%103.3%64.8%63.8%61.8%57.5%57.9%60.3%13.5%
Operating Income Margin61.1%58.9%57.1%59.0%54.7%56.7%55.7%58.5%53.4%57.9%55.4%57.5%
Net Income Margin45.0%23.8%59.5%42.9%72.1%45.1%41.0%41.0%38.9%37.5%52.9%4.1%
Cash & Debt            
Total Cash1,2874,7263,1271,8971,7993,6083,6861,5378743,9134,0302,483
Total Debt24,72026,05924,92625,15525,02325,04226,23325,09827,19525,38726,68026,291
Net Debt / (Cash)23,43321,33321,79923,25823,22421,43422,54723,56126,32121,47422,65023,808
Cash Flows Quarterly            
FCF from Operations2052,7203,3402,611-752,8773,2272,9521242,9842,6193,076
Cash Flows TTM            
FCF from Operations TTM8,8768,5968,7538,6408,9819,1809,2878,6798,8038,1658,2568,300
Returns to Shareholders Quarterly            
Dividends1,7241,7301,7371,6881,6871,7331,7391,6751,6821,6831,6911,629
Share Repurchases274326310680102,400268260472-0374368
Return on Invested Capital (ROIC) Quarterly            
ROIC42.1%31.9%53.5%41.1%37.0%38.8%37.4%39.1%33.3%37.0%49.5%28.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM42.3%44.1%44.0%37.4%37.1%40.5%38.1%39.5%35.8%42.7%41.0%33.5%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Smokeable products21,75622,47622,86623,08921,996
Oral tobacco products2,6672,5802,6082,5332,367
All other604045-8358
Wine  494614689
Total24,48325,09626,01326,15325,110


Operating Income by Segment
$ Mil20242023202220212020
Smokeable products10,67010,68810,3949,9859,009
Oral tobacco products1,7221,6321,6591,7181,580
All other-74-36-97-172-16
Amortization of intangibles-128-73-72-72-44
General corporate expenses-643-292-345-227-199
Wine  21-360-3
Corporate asset impairment and exit costs   1-1
Total11,54711,91911,56010,87310,326


Price Behavior

MO Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta-0.08-0.18-0.230.03-0.020.21
Up Beta0.41-0.33-0.160.040.060.15
Down Beta0.670.200.050.160.050.30
Up Capture16%51%10%9%2%8%
Bmk +ve Days10223571142415
Stock +ve Days15293872138407
Down Capture-151%-141%-109%-40%-52%28%
Bmk -ve Days11192754106334
Stock -ve Days6122452109335

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity36,141,059
Short Interest: % Change Since 8152025-3.5%
Average Daily Volume6,926,828
Days-to-Cover Short Interest5.22
Basic Shares Quantity1,684,000,000
Short % of Basic Shares2.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/20253.6%5.3%11.9%
4/29/20251.0%2.9%2.2%
1/30/2025-2.1%-0.2%6.1%
10/31/20247.8%7.5%14.3%
7/31/2024-3.0%-2.1%5.3%
4/25/20241.4%2.1%6.3%
2/1/20244.0%0.3%1.8%
10/26/2023-8.3%-6.8%-3.2%
...
SUMMARY STATS   
# Positive121216
# Negative12128
Median Positive1.9%2.3%4.8%
Median Negative-2.3%-2.8%-3.4%
Max Positive7.8%7.5%14.3%
Max Negative-8.3%-11.7%-19.4%

Insider Activity

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External Quote Links


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