MO
Altria Group Inc.Stock · Consumer StaplesS&P 500 Equal Weight 0.2% · S&P 500 0.2% · Russell 1000 0.2% · US Stock Market 0.2% · Russell 3000 0.2% · MSCI World 0.1% · MSCI ACWI 0.1%$68.98+0.28%
as of market close, Sep 11, 2026
☾ AH — —
MO financial statements
The full income statement, balance sheet, and cash-flow statement for Altria Group Inc. (MO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.71B2024-09 1.69B2024-12 1.69B2025-03 1.68B2025-06 1.68B2025-09 1.68B2025-12 1.67B2026-03 1.67B2026-06 1.67B-2.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 23.3B-3.1% | 24.0B-1.9% | 24.5B-2.4% | 25.1B-3.5% | 26.0B-0.5% | |
| 14.5B+1.2% | 14.4B+0.6% | 14.3B+0.3% | 14.2B+1.8% | 14.0B+7.4% | ||
| Cost of revenue | 5.60B-7.9% | 6.08B-2.3% | 6.22B-3.5% | 6.44B-9.5% | 7.12B-8.9% | |
| Research & development | 195M-6.3% | 208M-5.5% | 220M+35.8% | 162M+11.7% | 145M+10.7% | |
| Restructuring | — | — | — | — | 1.00M-99.8% | |
| Amortization of intangibles | 132M-5.0% | 139M+8.6% | 128M+75.3% | 73.0M+1.4% | 72.0M+0.0% | |
| Operating income | 9.90B-11.9% | 11.2B-2.7% | 11.5B-3.1% | 11.9B+3.1% | 11.6B+6.3% | |
| Interest expense | 1.18B+4.7% | 1.12B-2.2% | 1.15B+1.9% | 1.13B-5.1% | 1.19B-2.9% | |
| Net interest income | — | — | -989M+6.5% | -1.06B+9.0% | -1.16B+3.9% | |
| Equity-method income | 510M-21.8% | 652M+32.3% | 493M+122.4% | -2.20B+63.2% | -5.98B-2733.6% | |
| Pre-tax income | 9.39B-31.3% | 13.7B+25.0% | 10.9B+47.9% | 7.39B+93.2% | 3.82B-44.5% | |
| Income tax | 2.44B+2.0% | 2.39B-14.4% | 2.80B+72.2% | 1.63B+20.5% | 1.35B-44.6% | |
| 6.95B-38.3% | 11.3B+38.5% | 8.13B+41.0% | 5.76B+132.9% | 2.48B-44.6% | ||
| Net income to non-controlling interest | — | — | — | 0.00 | 0.00+100.0% | |
| Net income to common | 6.93B-38.3% | 11.2B+38.5% | 8.11B+41.1% | 5.75B+133.4% | 2.46B-44.7% | |
| $4.12-37.0% | $6.54+43.1% | $4.57+43.3% | $3.19+138.1% | $1.34-44.2% | ||
| EPS (basic) | $4.12-37.0% | $6.54+43.1% | $4.57+43.3% | $3.19+138.1% | $1.34-44.2% | |
| Weighted-avg shares (basic) | 1.68B-2.0% | 1.72B-3.3% | 1.78B-1.5% | 1.80B-2.2% | 1.84B-0.7% | |
| Weighted-avg shares (diluted) | 1.68B-2.0% | 1.72B-3.3% | 1.78B-1.5% | 1.80B-2.2% | 1.84B-0.8% | |
| Dividends per share | $4.16+4.0% | $4.00+4.2% | $3.84+4.3% | $3.68+4.5% | $3.52+3.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.93B+31.4% | 4.51B-19.2% | 5.58B-22.6% | 7.22B+18.7% | 6.08B-14.5% | ||
| Cash & equivalents | 4.47B+43.1% | 3.13B-15.2% | 3.69B-8.5% | 4.03B-11.3% | 4.54B-8.1% | |
| Accounts receivable | 263M+48.6% | 177M+149.3% | 71.0M+47.9% | 48.0M+2.1% | 47.0M-65.7% | |
| Inventory | 1.07B-0.9% | 1.08B-11.1% | 1.22B+3.0% | 1.18B-1.2% | 1.19B-39.3% | |
| Other current assets | 125M-3.1% | 129M+10.3% | 117M-15.2% | 138M-53.7% | 298M+331.9% | |
| 35.0B-0.5% | 35.2B-8.8% | 38.6B+4.4% | 37.0B-6.5% | 39.5B-16.6% | ||
| Property, plant & equipment | 1.71B+5.8% | 1.62B-2.1% | 1.65B+2.7% | 1.61B+3.5% | 1.55B-22.8% | |
| Goodwill | 5.79B-16.7% | 6.95B+2.3% | 6.79B+31.2% | 5.18B+0.0% | 5.18B+0.0% | |
| Intangible assets | 11.9B-8.5% | 13.0B-5.2% | 13.7B+10.5% | 12.4B+0.6% | 12.3B-2.4% | |
| Other non-current assets | 1.09B+17.2% | 934M+10.5% | 845M-12.4% | 965M+4.6% | 923M-4.3% | |
| 9.15B+4.2% | 8.78B-22.4% | 11.3B+31.4% | 8.62B+0.4% | 8.58B-5.3% | ||
| Accounts payable | 750M+7.1% | 700M+20.3% | 582M+5.4% | 552M+22.9% | 449M+18.2% | |
| Short-term & current debt | 1.57B+2.8% | 1.53B+36.2% | 1.12B-28.0% | 1.56B+40.8% | 1.10B-26.3% | |
| 38.5B+3.0% | 37.4B-11.2% | 42.1B+2.9% | 40.9B-0.6% | 41.1B-7.5% | ||
| Long-term debt | 24.1B+3.2% | 23.4B-6.8% | 25.1B-0.0% | 25.1B-6.7% | 26.9B-3.7% | |
| Deferred tax liabilities | 3.37B-10.1% | 3.75B+33.9% | 2.80B-3.4% | 2.90B-21.5% | 3.69B-18.5% | |
| Other non-current liabilities | 744M+103.8% | 365M-77.5% | 1.62B+400.3% | 324M+14.5% | 283M-25.7% | |
| -3.50B-56.5% | -2.24B+36.8% | -3.54B+10.9% | -3.97B-147.4% | -1.61B-156.6% | ||
| Common stock | 935M+0.0% | 935M+0.0% | 935M+0.0% | 935M+0.0% | 935M+0.0% | |
| Additional paid-in capital | 5.92B+0.3% | 5.91B-0.0% | 5.91B+0.3% | 5.89B+0.5% | 5.86B-0.9% | |
| Retained earnings | 35.5B-0.2% | 35.5B+14.2% | 31.1B+4.4% | 29.8B-2.8% | 30.7B-11.6% | |
| Treasury stock | 43.2B+2.3% | 42.2B+8.7% | 38.8B+2.6% | 37.8B+5.0% | 36.0B+4.8% | |
| Accumulated other comprehensive income | -2.63B-9.5% | -2.40B+10.2% | -2.67B+3.5% | -2.77B+9.3% | -3.06B+29.6% | |
| Non-controlling interest | 50.0M+0.0% | 50.0M+0.0% | 50.0M+0.0% | 50.0M | 0.00-100.0% | |
| Total equity incl. non-controlling | -3.45B-57.8% | -2.19B+37.3% | -3.49B+11.0% | -3.92B-144.3% | -1.61B-154.9% | |
| Total liabilities & equity | 35.0B-0.5% | 35.2B-8.8% | 38.6B+4.4% | 37.0B-6.5% | 39.5B-16.6% | |
| Common shares issued | 2.81B+0.0% | 2.81B+0.0% | 2.81B+0.0% | 2.81B+0.0% | 2.81B+0.0% | |
| Common shares outstanding | 1.67B-1.0% | 1.69B-4.1% | 1.76B-1.2% | 1.79B-2.1% | 1.82B-1.9% | |
| Shares outstanding (cover) | 1.67B-1.1% | 1.69B-4.1% | 1.76B-1.2% | 1.79B-1.7% | 1.82B-2.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.29B+6.1% | 8.75B-5.7% | 9.29B+12.5% | 8.26B-1.8% | 8.40B+0.2% | ||
| Depreciation & amortization | 266M-7.0% | 286M+5.1% | 272M+20.4% | 226M-7.4% | 244M-5.1% | |
| Intangible amortization | 132M-5.0% | 139M+8.6% | 128M+75.3% | 73.0M+1.4% | 72.0M+0.0% | |
| Deferred income taxes | -316M-133.2% | 951M+513.5% | -230M+75.7% | -947M+18.4% | -1.16B+0.0% | |
| Change in inventory | 27.0M+126.5% | -102M-780.0% | 15.0M+207.1% | -14.0M+75.4% | -57.0M-2750.0% | |
| Change in payables | 34.0M-70.7% | 116M+205.3% | 38.0M-58.7% | 92.0M-43.6% | 163M+207.5% | |
| Other operating activities | 267M+50.0% | 178M-38.0% | 287M+44.2% | 199M+17.1% | 170M-76.1% | |
| -341M-115.7% | 2.17B+269.5% | -1.28B-264.1% | 782M-35.5% | 1.21B+947.6% | ||
| Capital expenditure | 216M+52.1% | 142M-27.6% | 196M-4.4% | 205M+21.3% | 169M-26.8% | |
| Free cash flow | 9.07B+5.4% | 8.61B-5.3% | 9.09B+12.9% | 8.05B-2.2% | 8.24B+1.0% | |
| Acquisitions | 0.00 | 0.00-100.0% | 2.75B | 0.00 | 0.00 | |
| Other investing activities | 125M+247.2% | 36.0M+0.0% | 36.0M+176.9% | 13.0M+106.3% | -205M-133.0% | |
| -7.62B+33.7% | -11.5B-37.2% | -8.37B+12.2% | -9.54B+4.9% | -10.0B-85.9% | ||
| Long-term debt issued | 1.99B | 0.00-100.0% | 998M | 0.00-100.0% | 5.47B+174.6% | |
| Long-term debt repaid | 1.61B+43.4% | 1.12B-28.4% | 1.57B+41.7% | 1.10B-83.1% | 6.54B+554.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.00B-70.6% | 3.40B+240.0% | 1.00B-45.2% | 1.82B+9.0% | 1.68B | |
| Dividends paid | 6.96B+1.7% | 6.84B+1.0% | 6.78B+2.7% | 6.60B+2.4% | 6.45B+2.5% | |
| Other financing activities | -40.0M+68.0% | -125M-363.0% | -27.0M-125.0% | -12.0M+94.4% | -215M-117.2% | |
| Net change in cash | 1.33B+336.9% | -563M-52.2% | -370M+26.4% | -503M-22.1% | -412M-114.5% | |
| Interest paid | 1.11B+0.1% | 1.11B-0.3% | 1.12B-0.3% | 1.12B-5.9% | 1.19B-4.6% | |
| Income taxes paid | 1.70B-0.8% | 1.71B-8.8% | 1.87B-29.5% | 2.66B-0.6% | 2.67B+2.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 96.4B+9.0% | 88.4B+23.9% | 71.3B-12.9% | 81.9B-4.9% | 86.1B+13.0% | |
| P/E | 13.9×+76.8% | 7.8×-3.6% | 8.1×-53.3% | 17.4×-49.9% | 34.8×+104.0% | |
| P/S | 4.1×+12.5% | 3.7×+27.0% | 2.9×-10.7% | 3.2×-2.0% | 3.3×+13.6% | |
| P/FCF | 10.6×+3.5% | 10.3×+22.0% | 8.4×-16.9% | 10.1×-3.1% | 10.5×+11.9% | |
| Earnings yield | 7.2%-43.4% | 12.7%+3.8% | 12.3%+114.1% | 5.7%+99.5% | 2.9%-51.0% | |
| FCF yield | 9.4%-3.4% | 9.7%-18.0% | 11.9%+20.4% | 9.9%+3.2% | 9.6%-10.6% | |
| Dividend yield | 7.2%-5.7% | 7.6%-19.6% | 9.5%+18.2% | 8.1%+8.4% | 7.4%-10.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MO filings on SEC EDGAR → Not investment advice.