NYSE · CIGARETTES · LARGE CAP
British American Tobacco p.l.c. BTI
11 fiscal years on record · GBP · FY2025 reported
SEC FILINGS ONLY7 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
£25.6B
▼ 1.0% vs FY2024
Dividend streak
7 yrs
Raised every year since 2019
EPS · FY25
£3.49
Dividend / sh · FY25
£2.45
Payout · FY25
67%
ROE · FY25
16.5%
Net margin · FY25
30.3%
Dividend coverage
1.4×
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Result
GBP 25.6B
Revenue, FY2025 · full 11-year series below
Revenue
Net income
30 cents of every revenue dollar became profit this year.
Per share
GBP 3.49
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 1.4 times — the rest stayed in the company.
Profitability
16.5%
Return on equity, FY2025
ROE
Operating margin39.0%
Net margin30.3%
Return on assets6.8%
Each GBP of equity produced 17 cents of profit this year.
Returned to shareholders
GBP 6.4B
returned in FY2025 · dividends + net buybacks
Dividends paidGBP 5.2B
Net buybacksGBP 1.1B
Share of profit81.8%
Consecutive raises7 years
GBP 5.2B in dividends and GBP 1.1B in buybacks — 82% of the year's profit went back to shareholders.
Growth
−0.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−2.5%
−0.1%
+6.9%
Net income
+5.2%
+3.9%
+6.1%
EPS, diluted
+6.1%
+4.6%
−34.2%
Dividend / share
+2.0%
+2.6%
−33.7%
Returned to shareholders
−2.8%
+6.0%
−1.8%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
GBP 109.3B
total assets, end of FY2025
Total assetsGBP 109.3B
EquityGBP 46.0B
CashGBP 3.8B
Gross debtGBP 35.1B
Net debtGBP 31.2B
Current ratio0.87×
Net debt stands at 68% of equity.
History
11 fiscal years
Every figure from documents filed with the SEC · GBP
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue £B
25.6
25.9
27.3
27.7
25.7
25.8
25.9
24.5
19.6
14.1
13.1
Operating income £B
10.0
2.7
−15.8
10.5
10.2
10.0
9.0
9.3
6.4
4.7
4.6
EBITDA £B
12.5
5.8
12.9
11.8
11.3
11.4
10.5
10.4
7.3
5.3
5.0
Income tax £B
2.1
0.4
−2.9
2.5
2.2
2.1
2.1
2.1
−8.1
1.4
1.3
Net income £B
7.8
3.1
−14.4
6.7
6.8
6.4
5.7
6.0
37.5
4.6
4.3
EPS, diluted £
3.49
1.36
−6.47
2.92
2.96
2.79
2.49
2.63
18.28
2.49
230.30
Dividend / sh £
2.45
2.40
2.36
2.31
2.18
2.16
2.10
2.03
174.60
155.90
150.00
Payout %
67
170
−35
74
72
74
61
74
12
63
65
ROE %
16.5
6.2
−23.1
9.6
10.6
10.1
8.8
9.6
108.7
56.8
·
Shares out B
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·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
28 of 28
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed