Altria (MO) financials
Altria revenue and earnings by year
Altria's revenue was $23.3 billion in the fiscal year to December 31, 2025, down 3.1% from the year before. Net income was $6.95 billion, 29.8% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 1.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.3 | 24.0 | 24.5 | 25.1 | 26.0 | 26.2 | 25.1 | 25.4 | 25.6 | 25.7 |
| Revenue growth | -3.1% | -1.9% | -2.4% | -3.5% | -0.5% | 4.2% | -1.0% | -0.8% | -0.7% | — |
| Gross profit | 14.5 | 14.4 | 14.3 | 14.2 | 14.0 | 13.0 | 12.7 | 12.3 | 12.0 | 11.6 |
| Gross margin | 62.5% | 59.8% | 58.3% | 56.8% | 53.8% | 49.8% | 50.6% | 48.3% | 46.8% | 45.0% |
| Operating income | 9.9 | 11.2 | 11.5 | 11.9 | 11.6 | 10.9 | 10.3 | 9.1 | 9.6 | 8.8 |
| Operating margin | 42.5% | 46.8% | 47.2% | 47.5% | 44.4% | 41.6% | 41.1% | 35.9% | 37.5% | 34.0% |
| Net income | 6.9 | 11.3 | 8.1 | 5.8 | 2.5 | 4.5 | -1.3 | 7.0 | 10.2 | 14.2 |
| Net margin | 29.8% | 46.9% | 33.2% | 23.0% | 9.5% | 17.1% | -5.1% | 27.5% | 40.0% | 55.3% |
| Diluted EPS | $4.12 | $6.54 | $4.57 | $3.19 | $1.34 | $2.40 | -$0.72 | $3.68 | $5.31 | $7.28 |
| Free cash flow | 9.1 | 8.6 | 9.1 | 8.1 | 8.2 | 8.2 | 7.6 | 8.2 | 4.7 | 3.6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MO in Markets.
How Altria makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Smokeable Products | $5.43B | 88.8% |
| Oral Tobacco | $688M | 11.2% |
See also: MO valuation and P/E history · MO returns
No forecast, no recommendation. This page describes Altria from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.