MARKETS / NYSE / MO
NYSE · CIGARETTES · LARGE CAP

Altria Group, Inc. MO

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY16 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$23.3B
▼ 3.1% vs FY2024
Dividend streak
16 yrs
Raised every year since 2010
EPS · FY25
$4.12
Dividend / sh · FY25
$4.16
Payout · FY25
100%
ROE · FY25
Net margin · FY25
29.8%
Dividend coverage
1.0×
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Result
USD 23.3B
Revenue, FY2025 · full 19-year series below
Revenue Net income
816243223.36.92007201020132016201920222025
816243223.36.92016201920222025

30 cents of every revenue dollar became profit this year.

Per share
USD 4.12
Diluted EPS, FY2025
EPS Dividend
2.557.54.164.122007201020132016201920222025
2.557.54.164.122016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
Return on equity, FY2025
ROE
2004006002007201020132016201920222025
2004006002016201920222025
Operating margin42.5%
Net margin29.8%
Return on assets19.8%

Returned to shareholders
USD 8.0B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 7.0B
Net buybacksUSD 1.0B
Share of profit114.6%
Consecutive raises16 years

USD 7.0B in dividends and USD 1.0B in buybacks — 115% of the year's profit, so the payout drew on cash built up earlier.

Growth
−2.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−2.5%
−2.3%
−0.9%
−0.3%
Net income
+6.4%
+9.2%
+2.9%
+3.9%
EPS, diluted
+8.9%
+11.4%
+4.4%
+5.4%
Dividend / share
+4.2%
+4.1%
+6.7%
+7.2%
Returned to shareholders
−1.9%
+4.8%
+5.3%
+6.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
1.67B
Shares outstanding, FY2025
2.111.672007201020132016201920222025
1.941.672016201920222025
Change, 5 years−9.9%
Change, 10 years−14.6%

The share count shrank 10% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 35.0B
total assets, end of FY2025
Total assetsUSD 35.0B
EquityUSD -3.5B
CashUSD 4.5B
Gross debtUSD 25.7B
Net debtUSD 21.2B
Current ratio0.65×

Net debt stands at -606% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
23.3
24.0
24.5
25.1
26.0
26.2
25.1
25.4
25.6
25.7
25.4
24.5
24.5
24.6
23.8
24.4
23.6
19.4
18.7
Operating income $B
9.9
11.2
11.5
11.9
11.6
10.9
10.3
9.1
9.6
8.8
8.4
7.6
8.1
7.3
6.1
6.2
5.5
4.9
4.4
EBITDA $B
10.2
11.5
11.8
12.1
11.8
11.1
10.6
9.3
9.8
9.0
8.6
7.8
8.3
7.5
6.3
6.5
5.8
5.1
4.6
Income tax $B
2.4
2.4
2.8
1.6
1.3
2.4
2.1
2.4
−0.4
7.6
2.8
2.7
2.4
2.3
2.2
1.8
1.7
1.7
1.5
Net income $B
6.9
11.3
8.1
5.8
2.5
4.5
−1.3
7.0
10.2
14.2
5.2
5.1
4.5
4.2
3.4
3.9
3.2
4.9
9.8
EPS, diluted $
4.12
6.54
4.57
3.19
1.34
2.40
−0.70
3.68
5.31
7.28
2.67
2.56
2.26
2.06
1.64
1.87
1.54
2.36
4.62
Dividend / sh $
4.16
4.00
3.84
3.68
3.52
3.40
3.28
3.00
2.54
2.35
2.17
2.00
1.84
1.70
1.58
1.46
1.32
1.68
3.05
Payout %
100
61
83
114
260
141
−469
78
47
32
80
77
80
81
95
76
84
90
68
ROE %
·
·
·
·
401.5
98.6
−12.3
46.2
72.6
182.0
177.8
142.2
124.5
122.1
76.4
84.4
93.0
174.3
·
Shares out B
1.67
1.69
1.76
1.79
1.82
1.86
1.86
1.87
1.90
1.94
1.96
1.97
1.99
2.01
2.04
2.09
2.08
2.06
2.11

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
65 of 73
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 8 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