Altria Group (MO) FY2024 results: revenue $24.0 billion, down 1.9% on the year
Altria Group, Inc. (MO) reported revenue of $24.0 billion for fiscal 2024, the year ended 31 December 2024, down 1.9% on the year before. Net income was $11.3 billion, up 38.5%, and diluted earnings per share $6.54. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$24.0 billion
-1.9% on the year
FY2017FY2024
Operating margin
46.8%
47.2% a year earlier
FY2017FY2024
Net income
$11.3 billion
+38.5% on the year
FY2017FY2024
Diluted EPS
$6.54
+43.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
8,753
9,287
8,256
-5.7%
Capital expenditure
142
196
205
-27.6%
Free cash flow
8,611
9,091
8,051
-5.3%
Free cash flow margin
35.9%
37.1%
32.1%
Cash from investing
2,175
-1,283
782
Cash from financing
-11,491
-8,374
-9,541
Depreciation and amortisation
286
272
226
+5.1%
Buybacks
3,400
1,000
1,825
+240.0%
Dividends paid
6,845
6,779
6,599
+1.0%
Dividend per share
$4.00
$3.84
$3.68
+4.2%
Diluted shares, weighted
1,718m
1,777m
1,804m
-3.3%
Shares outstanding at period end
1,691m
1,763m
1,786m
-4.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-2,238
-3,540
-3,973
Non-controlling interest
50.0
50.0
50.0
0.0%
Short-term borrowings
0.0
0.0
0.0
Debt
24,926
26,233
26,680
-5.0%
Other liabilities
12,439
15,827
14,197
-21.4%
Total liabilities and equity
35,177
38,570
36,954
-8.8%
Fixed assets
1,617
1,652
1,608
-2.1%
Goodwill
6,945
6,791
5,177
+2.3%
Intangible assets
12,973
13,686
12,384
-5.2%
Cash and equivalents
3,127
3,686
4,030
-15.2%
Receivables
177
71.0
48.0
+149.3%
Inventory
1,080
1,215
1,180
-11.1%
Other assets
9,258
11,469
12,527
-19.3%
Total assets
35,177
38,570
36,954
-8.8%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.