Altria Group, Inc.MO
NYSE•Consumer Defensive•Tobacco
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. (MO) reported trailing twelve months revenue of $23.45B as of March 2026, a 1.1% decline year-over-year. Quarterly revenue reached $5.43B, reflecting a contraction in sales.
Altria Group, Inc. generated $8.05B in TTM net income, with quarterly EBITDA of $3.01B. The operating margin expanded from 34.0% to 54.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (54.5%) and net margin (40.2%) indicates moderate non-operating costs. Net margin has improved from 20.5% a year ago, signaling stronger bottom-line efficiency.
MO trades at a P/E of 13.9x (below the broader market average) and a P/S of 4.8x.
The company generated $2.23B in free cash flow over the trailing twelve months, a 16.8% decrease year-over-year, indicating cash generation ability. The balance sheet shows $34.58B in total assets with $24.06B in long-term debt against $-3.21B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~45.3%, suggesting durable pricing power and cost discipline.
Limited ROE data for a reliable assessment.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~47.2% — no sign of cost or pricing stress.
FCF covers net income by 1.2x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue has softened, declining in 6 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.6% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation