Altria (MO): financials, SEC filings and peers
Altria (MO) is a tobacco company in the Consumer Staples sector of the S&P 500, headquartered in Richmond, Virginia.
It was founded in 1985 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Cigarettes”.
Altria at a glance
- Revenue (12 months)
- $23.5B
- Revenue growth
- -0.6%
- Operating margin
- 46.8%
- Net income (12 months)
- $8.0B
- Free cash flow (12 months)
- $9.1B
- Cash
- $2.4B
- Debt
- $24.6B
- Diluted EPS (12 months)
- $4.75
Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Altria reported revenue of $23.5 billion, about the same as a year earlier (-0.6%).
Its operating margin was 46.8%: for every $100 of sales, about $47 was left as operating profit.
Net income was $8.0 billion (34.0% of revenue), 9.3% lower than a year earlier.
Operating cash flow was $9.4 billion and capital spending $296 million, leaving free cash flow of $9.1 billion (38.8% of revenue).
At the end of the period it held $2.4 billion in cash and $24.6 billion in debt, a net debt position of $22.2 billion.
Five-year trend
- Revenue went from $26.2 billion in fiscal 2020 to $23.3 billion in fiscal 2025, a decline of about 2.3% a year.
- Operating margin has been steady, around 42.5%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $26.0B | $25.1B | $24.5B | $24.0B | $23.3B |
| Revenue growth | -0.5% | -3.5% | -2.4% | -1.9% | -3.1% |
| Operating margin | 44.4% | 47.5% | 47.2% | 46.8% | 42.5% |
| Net income | $2.5B | $5.8B | $8.1B | $11.3B | $6.9B |
| Free cash flow | $8.2B | $8.1B | $9.1B | $8.6B | $9.1B |
| Diluted EPS | $1.34 | $3.19 | $4.57 | $6.54 | $4.12 |
Fiscal years as reported in Altria’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed August 28, 2026 — Executive or director change; Regulation FD disclosure
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results
- 10-K/A filed May 27, 2026
- 8-K filed May 18, 2026 — Executive or director change; Shareholder vote results
- 10-Q filed April 30, 2026 — quarterly report
- 8-K filed April 30, 2026 — Earnings results
- 10-K filed February 25, 2026 — annual report
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Questions about Altria
Is Altria's revenue growing?
No. Revenue for the twelve months to June 30, 2026 was $23.5 billion, down 0.6% from a year earlier, according to its SEC filings.
Is Altria profitable?
Yes. It earned $8.0 billion in net income over the twelve months to June 30, 2026, a net margin of 34.0%.
Does Altria have more cash or more debt?
At June 30, 2026 it had $2.4 billion in cash and $24.6 billion in debt, so more debt than cash.
When did Altria last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Altria?
In the S&P 500, Altria is grouped in Tobacco within the Consumer Staples sector. Philip Morris International (PM) are in the same group.
Understand the numbers
Source: Altria’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.