Altria Group, Inc. (MO)

Name: Altria Group, Inc. (MO): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Altria Group, Inc. (MO) reported revenue of $6.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 0.1% on the same quarter a year earlier. Net income was $2.3 billion, down 3.4% on the year, and diluted earnings per share $1.37. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$6.1 billionup 0.1%

Net income$2.3 billiondown 3.4%

Diluted EPS$1.37

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a

ROCEn/a

Operating margin46.8%

Net margin34.0%

FCF margin38.8%

Interest covern/a

Debt to equityn/a

Cash conversion1.18

Share count, 1 year-0.6%

Sales CAGR, 3 years-2.5%

Profit CAGR, 3 years6.4%

EPS, TTM$4.75

At the close of 21 September 2026

Price$68.53

Market cap$114.4 billion

Stock P/E14.43

Price to bookn/a

EV / EBITDA12.19

Dividend yield6.1%

Market cap / sales4.88

52-week high$74.92

52-week low$54.72

Price, 1 year5.6%

Price CAGR, 3 years17.4%

Price CAGR, 5 years7.3%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Altria Group, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MO

Filings	20 in twelve months: 9 current reports (8-K), about 5 officer or director change; 4 results of operations; 3 regulation fd disclosure; 2 other events; 1 shareholder vote
Planned insider sales	3 Form 144 notices in twelve months, $2.0 million; latest 26 May 2026
Options tape	put/call 0.62 by open interest on 23 September 2026; the straddle prices a 1.7% move to 25 September 2026
Holders	11 of the followed funds hold it; largest Capital Research Global Investors; 2 Schedule 13D or 13G filings in twelve months
Insider trading	3 sales and 1 purchase on Form 4 in twelve months
Congress	0 House trades disclosed in six months
Short interest	41.6 million shares short, 4.53 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	6,281	5,975	5,576	6,209	6,259	5,974	5,259	6,102	6,072	5,846	5,428	6,111
Cost of revenue	1,578	1,525	1,437	1,602	1,536	1,502	1,270	1,440	1,439	1,448	1,252	1,536
Gross profit	3,699	3,499	3,280	3,675	3,808	3,604	3,249	3,850	3,812	3,631	3,506	3,820
Gross margin	59%	59%	59%	59%	61%	60%	62%	63%	63%	62%	65%	63%
Operating income	3,089	2,796	2,674	2,533	3,152	2,882	1,788	3,230	3,230	1,651	2,956	3,136
Operating margin	49%	47%	48%	41%	50%	48%	34%	53%	53%	28%	54%	51%
Pre-tax income	2,908	2,735	2,739	5,116	3,026	2,777	1,683	3,118	3,075	1,513	2,859	2,929
Tax rate	26%	25%	22%	26%	24%	-9%	36%	24%	23%	26%	24%	22%
Net income	2,166	2,060	2,129	3,803	2,293	3,039	1,077	2,378	2,375	1,117	2,183	2,298
Net margin	34%	34%	38%	61%	37%	51%	20%	39%	39%	19%	40%	38%
Diluted EPS	$1.22	$1.16	$1.21	$2.21	$1.34	$1.78	$0.63	$1.41	$1.41	$0.67	$1.30	$1.37
Operating cash flow	2,952	3,227	2,877	-75.0	2,611	3,340	2,720	205	3,094	3,271	2,324	719
Capital expenditure	40.0	53.0	35.0	29.0	31.0	47.0	38.0	32.0	54.0	92.0	93.0	57.0
Free cash flow	2,912	3,174	2,842	-104	2,580	3,293	2,682	173	3,040	3,179	2,231	662
Buybacks	260	268	2,400	10.0	680	310	326	274	112	288	280	55.0
Dividends paid	1,675	1,739	1,733	1,687	1,688	1,737	1,730	1,724	1,721	1,785	1,780	1,776
Shares outstanding	1,769m	1,763m	1,718m	1,706m	1,695m	1,691m	1,684m	1,680m	1,679m	1,674m	1,670m	1,670m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Revenue	24,522	25,434	25,744	25,576	25,364	25,110	26,153	26,013	25,096	24,483	24,018	23,279	23,457
Cost of revenue	7,785	7,740	7,765	7,531	7,373	7,085	7,818	7,119	6,442	6,218	6,077	5,597	5,675
Gross profit	10,160	11,114	11,591	11,951	12,254	12,711	13,023	13,992	14,246	14,284	14,367	14,542	14,769
Gross margin	41.4%	43.7%	45.0%	46.7%	48.3%	50.6%	49.8%	53.8%	56.8%	58.3%	59.8%	62.5%	63.0%
Research and development	167	186	203	241	252	168	131	145	162	220	208	195	n/a
Operating income	7,620	8,361	8,762	9,593	9,115	10,326	10,873	11,560	11,919	11,547	11,241	9,899	10,973
Operating margin	31.1%	32.9%	34.0%	37.5%	35.9%	41.1%	41.6%	44.4%	47.5%	47.2%	46.8%	42.5%	46.8%
Interest expense	857	808	754	736	697	1,322	1,223	1,188	1,128	1,149	1,124	1,177	n/a
Pre-tax income	7,774	8,078	21,852	9,828	9,341	766	6,890	3,824	7,389	10,928	13,658	9,389	10,376
Income tax	2,704	2,835	7,608	-399	2,374	2,064	2,436	1,349	1,625	2,798	2,394	2,442	2,403
Effective tax rate	34.8%	35.1%	34.8%	-4.1%	25.4%	269.5%	35.4%	35.3%	22.0%	25.6%	17.5%	26.0%	23.2%
Net income	5,070	5,241	14,239	10,222	6,963	-1,293	4,467	2,475	5,764	8,130	11,264	6,947	7,973
Net margin	20.7%	20.6%	55.3%	40.0%	27.5%	-5.1%	17.1%	9.5%	23.0%	33.2%	46.9%	29.8%	34.0%
Diluted EPS	$2.56	$2.67	$7.28	$5.31	$3.68	-$0.70	$2.40	$1.34	$3.19	$4.57	$6.54	$4.12	$4.75
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Operating cash flow	4,663	5,843	3,826	4,901	8,391	7,837	8,385	8,405	8,256	9,287	8,753	9,290	9,408
Capital expenditure	163	229	189	199	238	246	231	169	205	196	142	216	296
Free cash flow	4,500	5,614	3,637	4,702	8,153	7,591	8,154	8,236	8,051	9,091	8,611	9,074	9,112
Free cash flow margin	18.4%	22.1%	14.1%	18.4%	32.1%	30.2%	31.2%	31.7%	32.1%	37.1%	35.9%	39.0%	38.8%
Depreciation and amortisation	208	225	204	209	227	226	257	244	226	272	286	266	236
Buybacks	939	554	1,030	2,917	1,673	845	0.0	1,675	1,825	1,000	3,400	1,000	735
Dividends paid	3,892	4,179	4,512	4,807	5,415	6,069	6,290	6,446	6,599	6,779	6,845	6,960	7,062
Dividend per share	$2.00	$2.17	$2.35	$2.54	$3.00	$3.28	$3.40	$3.52	$3.68	$3.84	$4.00	$4.16	n/a
Diluted shares, weighted	n/a	n/a	1,952m	1,921m	1,888m	1,869m	1,859m	1,845m	1,804m	1,777m	1,718m	1,683m	1,670m
Shares outstanding at period end	1,971m	1,960m	1,943m	1,901m	1,874m	1,858m	1,858m	1,823m	1,786m	1,763m	1,691m	1,674m	1,670m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Total assets	34,475	31,459	45,932	43,202	55,459	49,271	47,414	39,523	36,954	38,570	35,177	35,017	33,374
Cash and equivalents	3,321	2,369	4,569	1,253	1,333	2,117	4,945	4,544	4,030	3,686	3,127	4,474	2,367
Receivables	124	124	151	142	142	152	137	47.0	48.0	71.0	177	263	306
Inventory	2,040	2,031	2,051	2,225	2,331	2,293	1,966	1,194	1,180	1,215	1,080	1,070	1,060
Goodwill	5,285	5,285	5,285	5,307	5,196	5,177	5,177	5,177	5,177	6,791	6,945	5,787	5,787
Long-term debt	14,693	12,847	13,881	13,894	13,042	28,042	29,471	28,044	26,680	26,233	24,926	25,709	24,577
Borrowings, as the company tags them	n/a	12,965	14,017	14,017	13,153	28,275	29,701	28,299	26,912	26,456	25,130	25,916	n/a
Shareholders' equity	3,014	2,880	12,770	15,377	14,787	6,222	2,839	-1,606	-3,973	-3,540	-2,238	-3,502	-2,668
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	-0.9%	-2.3%	-2.5%	-0.6%
Profit growth, compounded	2.9%	9.2%	6.4%	-9.3%
Return on equity, average	n/a	n/a	n/a	n/a

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Cigarettes

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Philip Morris International Inc. PM	$292.2 billion	26.98	n/a	37.7%	8.9%	n/a	3.0%
Altria Group, Inc. MO	$114.4 billion	14.43	n/a	46.8%	-0.6%	n/a	6.1%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	30 July 2026	EDGAR
10-K/A	31 December 2025	27 May 2026	EDGAR
10-Q	31 March 2026	30 April 2026	EDGAR
10-K	31 December 2025	25 February 2026	EDGAR
10-Q	30 September 2025	30 October 2025	EDGAR
10-Q	30 June 2025	30 July 2025	EDGAR
10-K/A	31 December 2024	4 June 2025	EDGAR
10-Q	31 March 2025	29 April 2025	EDGAR
10-K	31 December 2024	26 February 2025	EDGAR
10-Q	30 September 2024	31 October 2024	EDGAR

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