See more : Cords Cable Industries Limited (CORDSCABLE.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Altria Group, Inc. (MO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Altria Group, Inc., a leading company in the Tobacco industry within the Consumer Defensive sector.
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Altria Group, Inc. (MO)
About Altria Group, Inc.
Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. It sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.50B | 20.69B | 21.11B | 20.84B | 19.80B | 19.63B | 19.49B | 19.34B | 18.85B | 17.95B | 17.66B | 17.50B | 16.62B | 16.89B | 16.82B | 15.96B | 38.05B | 70.32B | 68.92B | 63.96B | 60.70B | 62.18B | 72.94B | 63.28B | 61.75B | 57.81B | 56.11B | 54.55B | 53.14B | 53.78B | 50.62B | 59.13B | 56.46B | 51.17B | 44.76B | 31.74B | 27.70B | 20.68B | 12.15B |
| Cost of Revenue | 6.22B | 6.44B | 7.12B | 7.82B | 7.09B | 7.37B | 7.54B | 7.75B | 7.74B | 7.79B | 7.21B | 7.94B | 7.68B | 7.70B | 7.99B | 8.27B | 16.55B | 37.48B | 36.76B | 33.85B | 31.87B | 32.75B | 33.27B | 28.02B | 28.44B | 25.71B | 25.57B | 25.46B | 25.61B | 26.63B | 25.15B | 24.54B | 24.12B | 23.06B | 20.64B | 17.96B | 15.98B | 10.38B | 5.89B |
| Gross Profit | 14.28B | 14.25B | 13.99B | 13.02B | 12.71B | 12.25B | 11.95B | 11.59B | 11.11B | 10.16B | 10.46B | 9.56B | 8.94B | 9.19B | 8.83B | 7.69B | 21.50B | 32.84B | 32.16B | 30.11B | 28.83B | 29.43B | 39.68B | 35.25B | 33.31B | 32.10B | 30.54B | 29.09B | 27.53B | 27.15B | 25.47B | 34.59B | 32.34B | 28.11B | 24.12B | 13.78B | 11.72B | 10.30B | 6.26B |
| Gross Profit Ratio | 69.67% | 68.86% | 66.28% | 62.49% | 64.21% | 62.43% | 61.31% | 59.94% | 58.95% | 56.62% | 59.20% | 54.65% | 53.79% | 54.39% | 52.51% | 48.17% | 56.51% | 46.70% | 46.66% | 47.07% | 47.50% | 47.34% | 54.39% | 55.71% | 53.94% | 55.52% | 54.42% | 53.32% | 51.82% | 50.48% | 50.31% | 58.50% | 57.29% | 54.93% | 53.90% | 43.42% | 42.31% | 49.79% | 51.49% |
| Research & Development | 220.00M | 162.00M | 145.00M | 131.00M | 168.00M | 252.00M | 241.00M | 203.00M | 186.00M | 167.00M | 153.00M | 136.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 809.00M | 762.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | -184.00M | 345.00M | 227.00M | 199.00M | 2.72B | 0.00 | 0.00 | 2.69B | 2.52B | 2.32B | 2.28B | 2.64B | 2.90B | 2.93B | 2.75B | 7.81B | 15.08B | 14.80B | 11.09B | 10.18B | 12.28B | 22.96B | 18.86B | 18.12B | 17.05B | 15.72B | 15.63B | 15.34B | 15.37B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 2.33B | 2.02B | 1.86B | 1.98B | 2.76B | 2.36B | 2.65B | 2.71B | 2.54B | 2.32B | 2.28B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.76B | 1.66B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.09B | 2.14B | 2.36B | 2.08B | 2.18B | 2.72B | 2.36B | 2.65B | 2.69B | 2.52B | 2.32B | 2.28B | 2.64B | 2.90B | 2.93B | 2.75B | 7.81B | 15.08B | 14.80B | 12.86B | 11.84B | 12.28B | 22.96B | 18.86B | 18.12B | 17.05B | 15.72B | 15.63B | 15.34B | 15.37B | 16.26B | 13.95B | 13.83B | 11.95B | 10.39B | 8.48B | 7.00B | 6.04B | 3.24B |
| Other Expenses | 0.00 | 184.00M | 72.00M | 72.00M | 44.00M | 34.00M | 0.00 | 0.00 | 5.00M | 2.00M | 42.00M | -32.00M | 20.00M | 20.00M | 20.00M | -397.00M | 464.00M | 959.00M | 873.00M | 1.16B | 322.00M | 551.00M | 1.01B | 1.72B | 1.70B | 1.69B | 1.70B | 1.69B | 1.67B | 2.33B | 1.62B | 10.58B | 9.89B | 8.21B | 6.94B | 779.00M | 704.00M | 655.00M | 424.00M |
| Operating Expenses | 2.71B | 2.33B | 2.43B | 2.15B | 2.23B | 2.76B | 2.36B | 2.65B | 2.75B | 2.54B | 2.36B | 2.25B | 2.65B | 2.92B | 2.95B | 3.25B | 8.27B | 16.04B | 15.67B | 14.82B | 12.92B | 12.83B | 23.98B | 20.58B | 19.82B | 18.74B | 17.42B | 17.32B | 17.01B | 17.70B | 17.88B | 24.53B | 23.72B | 20.16B | 17.34B | 9.26B | 7.71B | 6.69B | 3.66B |
| Cost & Expenses | 8.96B | 8.59B | 9.55B | 9.97B | 9.31B | 10.13B | 9.91B | 10.40B | 10.49B | 10.33B | 9.57B | 10.19B | 10.33B | 10.63B | 10.94B | 11.52B | 24.82B | 53.52B | 52.44B | 48.68B | 44.79B | 45.58B | 57.24B | 48.60B | 48.26B | 44.46B | 42.99B | 42.78B | 42.61B | 44.33B | 43.03B | 49.07B | 47.84B | 43.22B | 37.97B | 27.22B | 23.68B | 17.08B | 9.56B |
| Interest Income | 160.00M | 70.00M | 26.00M | 14.00M | 42.00M | 32.00M | 31.00M | 13.00M | 4.00M | 49.00M | 4.00M | 2.00M | 4.00M | 3.00M | 4.00M | 70.00M | 270.00M | 404.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.15B | 1.13B | 1.19B | 1.22B | 1.28B | 665.00M | 736.00M | 760.00M | 817.00M | 808.00M | 1.05B | 1.13B | 1.22B | 1.14B | 1.19B | 237.00M | 475.00M | 629.00M | 0.00 | 0.00 | 0.00 | 0.00 | 1.06B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 272.00M | 226.00M | 244.00M | 257.00M | 226.00M | 227.00M | 209.00M | 204.00M | 21.00M | 20.00M | 20.00M | 20.00M | 253.00M | 276.00M | 291.00M | 215.00M | 980.00M | 1.80B | 1.68B | 1.61B | 1.44B | 1.33B | 2.34B | 1.72B | 1.70B | 1.69B | 1.70B | 1.69B | 1.67B | 2.33B | 1.62B | 1.54B | 1.50B | 1.37B | 1.19B | 779.00M | 704.00M | 655.00M | 424.00M |
| EBITDA | 12.35B | 12.53B | 12.16B | 11.75B | 11.03B | 10.06B | 10.17B | 9.50B | 8.85B | 8.06B | 8.57B | 7.83B | 6.99B | 7.14B | 6.27B | 5.18B | 14.65B | 18.94B | 18.77B | 17.03B | 17.31B | 17.88B | 18.04B | 16.40B | 15.19B | 15.05B | 14.82B | 13.46B | 12.20B | 11.78B | 9.21B | 11.60B | 10.12B | 9.31B | 7.98B | 5.30B | 4.72B | 4.26B | 3.02B |
| EBITDA Ratio | 60.23% | 42.33% | 58.87% | 65.63% | 104.72% | 53.29% | 53.15% | 51.47% | 48.52% | 48.17% | 51.55% | 48.90% | 43.79% | 38.93% | 40.29% | 28.85% | 38.50% | 26.93% | 27.42% | 28.20% | 29.10% | 25.48% | 24.73% | 25.91% | 24.60% | 31.88% | 29.01% | 24.67% | 22.95% | 21.90% | 18.19% | 19.51% | 17.84% | 17.98% | 17.71% | 16.23% | 16.95% | 20.82% | 24.13% |
| Operating Income | 11.55B | 8.53B | 11.56B | 10.87B | 20.50B | 9.12B | 9.56B | 8.76B | 8.36B | 7.62B | 8.08B | 7.25B | 6.07B | 6.23B | 5.46B | 4.88B | 13.24B | 17.41B | 16.59B | 15.18B | 15.91B | 16.60B | 15.70B | 14.68B | 13.49B | 13.36B | 13.12B | 11.77B | 10.53B | 9.45B | 7.59B | 10.06B | 8.62B | 7.95B | 6.79B | 4.52B | 4.01B | 3.60B | 2.59B |
| Operating Income Ratio | 56.32% | 41.24% | 54.76% | 52.17% | 103.58% | 46.44% | 49.02% | 45.31% | 44.35% | 42.46% | 45.77% | 41.45% | 36.51% | 36.87% | 32.47% | 30.59% | 34.78% | 24.76% | 24.07% | 23.73% | 26.21% | 26.70% | 21.53% | 23.20% | 21.85% | 23.10% | 23.38% | 21.57% | 19.81% | 17.57% | 14.99% | 17.01% | 15.27% | 15.53% | 15.17% | 14.25% | 14.48% | 17.43% | 21.33% |
| Total Other Income/Expenses | -619.00M | -1.14B | -7.74B | -3.98B | -9.56B | 226.00M | 235.00M | 13.09B | -283.00M | 154.00M | -1.14B | -1.04B | -1.28B | -505.00M | -1.30B | -207.00M | -215.00M | -1.46B | -521.00M | -1.18B | -1.30B | 1.50B | -1.42B | -846.00M | -795.00M | -4.27B | -2.51B | -1.09B | -1.18B | -1.23B | -1.39B | -1.45B | -1.65B | -1.64B | -1.73B | -522.00M | -663.00M | -793.00M | -262.00M |
| Income Before Tax | 10.93B | 7.39B | 3.82B | 6.89B | 766.00M | 9.34B | 9.83B | 21.85B | 8.08B | 7.77B | 6.94B | 6.48B | 5.58B | 5.72B | 4.88B | 4.79B | 13.02B | 16.54B | 15.44B | 14.00B | 14.76B | 18.10B | 14.28B | 13.96B | 12.70B | 9.09B | 10.61B | 10.68B | 9.35B | 8.22B | 6.20B | 8.61B | 6.97B | 6.31B | 5.06B | 4.00B | 3.35B | 2.81B | 2.33B |
| Income Before Tax Ratio | 53.30% | 35.72% | 18.11% | 33.06% | 3.87% | 47.59% | 50.42% | 113.01% | 42.85% | 43.32% | 39.30% | 37.01% | 33.59% | 33.88% | 28.99% | 30.01% | 34.22% | 23.51% | 22.40% | 21.89% | 24.31% | 29.10% | 19.58% | 22.06% | 20.56% | 15.72% | 18.91% | 19.58% | 17.59% | 15.28% | 12.24% | 14.56% | 12.35% | 12.33% | 11.30% | 12.60% | 12.09% | 13.59% | 19.17% |
| Income Tax Expense | 2.80B | 1.63B | 1.35B | 2.44B | 2.06B | 2.37B | -399.00M | 7.61B | 2.84B | 2.70B | 2.41B | 2.29B | 2.19B | 1.82B | 1.67B | 1.70B | 4.10B | 4.35B | 4.62B | 4.54B | 5.15B | 6.42B | 5.41B | 5.45B | 5.02B | 3.72B | 4.30B | 4.38B | 3.87B | 3.49B | 2.63B | 3.67B | 3.04B | 2.77B | 2.11B | 1.66B | 1.51B | 1.33B | 1.07B |
| Net Income | 8.13B | 5.76B | 2.48B | 4.47B | -1.30B | 6.96B | 10.22B | 14.24B | 5.24B | 5.07B | 4.54B | 4.18B | 3.39B | 3.91B | 3.21B | 4.93B | 9.79B | 12.02B | 10.44B | 9.42B | 9.20B | 11.10B | 8.56B | 8.51B | 7.68B | 5.37B | 6.31B | 6.30B | 5.45B | 4.73B | 3.09B | 4.94B | 3.93B | 3.54B | 2.95B | 2.34B | 1.84B | 1.48B | 1.26B |
| Net Income Ratio | 39.65% | 27.86% | 11.72% | 21.43% | -6.56% | 35.48% | 52.44% | 73.64% | 27.80% | 28.25% | 25.68% | 23.89% | 20.40% | 23.12% | 19.06% | 30.90% | 25.72% | 17.10% | 15.14% | 14.72% | 15.16% | 17.85% | 11.74% | 13.45% | 12.43% | 9.29% | 11.24% | 11.55% | 10.26% | 8.79% | 6.11% | 8.35% | 6.96% | 6.92% | 6.58% | 7.36% | 6.65% | 7.15% | 10.33% |
| EPS | 4.57 | 3.19 | 1.34 | 2.40 | -0.69 | 3.69 | 5.31 | 7.28 | 2.67 | 2.56 | 2.26 | 2.06 | 1.64 | 1.87 | 1.55 | 2.38 | 4.66 | 5.76 | 5.04 | 4.60 | 4.54 | 5.26 | 3.92 | 3.85 | 3.21 | 2.21 | 2.61 | 2.56 | 2.16 | 1.82 | 1.17 | 1.82 | 1.41 | 1.28 | 1.06 | 0.74 | 0.65 | 0.52 | 0.44 |
| EPS Diluted | 4.57 | 3.19 | 1.34 | 2.40 | -0.69 | 3.69 | 5.31 | 7.28 | 2.67 | 2.56 | 2.26 | 2.06 | 1.64 | 1.87 | 1.54 | 2.36 | 4.62 | 5.71 | 4.99 | 4.56 | 4.52 | 5.21 | 3.87 | 3.73 | 3.19 | 2.20 | 2.58 | 2.56 | 2.16 | 1.82 | 1.17 | 1.80 | 1.40 | 1.27 | 1.05 | 0.73 | 0.65 | 0.52 | 0.44 |
| Weighted Avg Shares Out | 1.78B | 1.80B | 1.85B | 1.86B | 1.87B | 1.89B | 1.92B | 1.95B | 1.96B | 1.98B | 2.00B | 2.02B | 2.06B | 2.08B | 2.07B | 2.07B | 2.10B | 2.09B | 2.07B | 2.05B | 2.03B | 2.11B | 2.18B | 2.27B | 2.39B | 2.43B | 2.42B | 2.46B | 2.52B | 2.60B | 2.63B | 2.71B | 2.79B | 2.77B | 2.78B | 3.16B | 2.83B | 2.84B | 2.85B |
| Weighted Avg Shares Out (Dil) | 1.78B | 1.80B | 1.85B | 1.86B | 1.87B | 1.89B | 1.92B | 1.95B | 1.96B | 1.98B | 2.01B | 2.03B | 2.06B | 2.08B | 2.07B | 2.09B | 2.12B | 2.11B | 2.09B | 2.06B | 2.04B | 2.13B | 2.21B | 2.28B | 2.41B | 2.44B | 2.44B | 2.46B | 2.53B | 2.60B | 2.63B | 2.74B | 2.81B | 2.79B | 2.81B | 3.20B | 2.83B | 2.84B | 2.85B |
Altria (MO) Q3 Earnings and Revenues Surpass Estimates
Altria (MO) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.28 per share a year ago.
Altria posts better-than-expected Q3 results on robust demand for vapes, nicotine pouches
Altria Group beat market expectations for third-quarter revenue and profit on Thursday, as robust demand for its nicotine pouches and e-cigarettes helped soften the hit to its cigarettes category.
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