Altria Group, Inc. (MO)
Altria Group, Inc. brought in $23.5B of revenue over the twelve months to September 30, 2026, up 0.5% from a year earlier. Net income was $8.1B, a net margin of 34.5%. Operating cash flow minus capital spending left $9.1B of free cash flow in fiscal 2025. At September 30, 2026 it held $2.7B in cash against $24.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Altria Group, Inc.
- Net worth
- Altria Group, Inc. has a market value (market cap) of $127B at the latest share price, and shareholders' equity of -$2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $23.3B (-3.1% year on year), with net income of $6.9B. Over the 12 months to September 30, 2026: revenue $23.5B, net income $8.1B.
- Cash flow
- In fiscal 2025 operations brought in $9.3B of cash; after $216M of capital spending, free cash flow was $9.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Altria Group, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Altria Group, Inc. declared dividends of $4.16 per share in fiscal 2025, a yield of 5.47% at the current price.
What Altria Group, Inc. does
Altria Group manufactures and sells smokeable and smokeless tobacco products in the United States. Its subsidiaries produce cigarettes under brand names such as Marlboro, moist smokeless tobacco under Copenhagen and Skoal, and oral nicotine pouches under the on! brand. It also sells e-vapor products to adult consumers through retail channels. Its shares trade on NYSE under the ticker MO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $23.3B | $6.9B | $4.12 | $9.1B |
| 2024 | $24B | $11.3B | $6.54 | $8.6B |
| 2023 | $24.5B | $8.1B | $4.57 | $9.1B |
| 2022 | $25.1B | $5.8B | $3.19 | $8.1B |
| 2021 | $26B | $2.5B | $1.34 | $8.2B |
| 2020 | $26.2B | $4.5B | $2.40 | $8.2B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MO ranks in Health care
Dividends
Altria Group, Inc. declared $4.16 per share in fiscal 2025. At the current price that is a yield of 5.47%. It paid out $7B in cash dividends, 100% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $4.16 | $7B | 100% |
| 2024 | $4.00 | $6.8B | 61% |
| 2023 | $3.84 | $6.8B | 83% |
| 2022 | $3.68 | $6.6B | 114% |
| 2021 | $3.52 | $6.4B | 260% |
| 2020 | $3.40 | $6.3B | 141% |
Latest SEC filings
What Altria Group, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 1% to $6.1B versus the same quarter last year; diluted EPS $1.51 versus $1.41.
- October 29, 2026
- October 9, 2026Material agreement8-KAltria Group extended the expiration date of its $3.0 billion revolving credit agreement to October 24, 2030.
- August 28, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue was flat at $6.1B versus the same quarter last year; diluted EPS $1.37 versus $1.41.
- July 30, 2026
- June 5, 2026
- June 5, 2026
- May 28, 2026
What is MO worth? A DCF from its reported cash flow
Insider trades
What the people running Altria Group, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $101.4K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 14, 2026 | Patterson Katie FVice President and Controller | Shares withheld for tax | 1,268 | $90.7K |
| September 9, 2026 | McQUADE KATHRYN B.Director | Bought | 1,500 | $101.4K |
| May 26, 2026 | Strahlman Ellen RDirector | Sold | 2,000 | $145.1K |
| May 26, 2026 | Kelly Ennis Debra JDirector | Sold | 5,790 | $418.3K |
| May 14, 2026 | McQUADE KATHRYN B.Director | Received as pay | 4,656 | - |
| May 14, 2026 | Yzaguirre Mario MaxDirector | Received as pay | 2,571 | - |
| May 14, 2026 | Shanks Virginia EDirector | Received as pay | 2,571 | - |
| May 14, 2026 | Davis Robert MatthewsDirector | Received as pay | 2,571 | - |
Who owns MO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Altria Group, Inc.13D, may seek influence | 51.9% | February 7, 2025 |
| Vanguard Capital Management13G, passive | 7.5% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,592 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 126,073,336 | +1,325,175 |
| Vanguard Capital Management LLC | 109,032,952 | +196,910 |
| State Street Corp | 70,192,620 | -1,599,699 |
| Charles Schwab Investment Management Inc | 59,122,097 | +4,841,988 |
| Capital Research Global Investors | 58,653,624 | +32,973,712 |
| Geode Capital Management, LLC | 48,299,144 | +724,850 |
| Vanguard Portfolio Management LLC | 33,719,478 | -1,488,710 |
| GQG Partners LLC | 25,111,622 | +1,274,783 |
| Morgan Stanley | 23,007,462 | -1,698,662 |
| Ameriprise Financial Inc | 22,047,402 | +544,333 |
| Capital World Investors | 18,480,673 | +64,574 |
| PeakShares LLC | 17,780 | +1,338 |
| Northern Trust Corp | 15,604,968 | -434,426 |
| Bank of America Corp | 15,509,493 | +293,855 |
| Goldman Sachs Group Inc | 14,405,478 | +771,822 |
| Jpmorgan Chase & Co | 12,210,998 | -848,701 |
| Bank of New York Mellon Corp | 12,549,406 | -379,736 |
| Invesco Ltd. | 11,724,425 | -3,724 |
| Vanguard Fiduciary Trust Co | 9,376,660 | -66,923 |
| UBS Group AG | 9,379,374 | +1,324,785 |
Insiders
16 insiders reported holding 2,140,704 shares in total, about $162.8M at the last price.
| Holder | Shares |
|---|---|
| Gifford William F. Jr.Chief Executive Officer, Director | 681,942 |
| Mancuso SalvatoreChief Executive Officer, Director | 320,909 |
| Begley Jody LEVP and COO | 312,954 |
| Whitaker Charles N.SVP, Chief HR Off. & CCO | 180,869 |
| Newman Heather A.SVP, Ch.Strategy & Growth Off | 158,870 |
| McCarter Robert A. IIIEVP & General Counsel | 123,612 |
| McQUADE KATHRYN B.Director | 114,929 |
| Kelly Ennis Debra JDirector | 73,809 |
| Shanks Virginia EDirector | 48,900 |
| Strahlman Ellen RDirector | 25,102 |
Questions about MO
What does Altria Group, Inc. do?
Altria Group manufactures and sells smokeable and smokeless tobacco products in the United States. Its subsidiaries produce cigarettes under brand names such as Marlboro, moist smokeless tobacco under Copenhagen and Skoal, and oral nicotine pouches under the on! brand. It also sells e-vapor products to adult consumers through retail channels. Its shares trade on NYSE under the ticker MO.
What is Altria Group, Inc.'s net worth?
Altria Group, Inc. has a market value (market cap) of $127B at the latest share price, and shareholders' equity of -$2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Altria Group, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $8.1B on revenue of $23.5B, a net margin of 34.5%.
How much revenue does Altria Group, Inc. make?
Over the twelve months to September 30, 2026 Altria Group, Inc. reported revenue of $23.5B. That is 0.5% more than a year earlier.
When did Altria Group, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026.
When is Altria Group, Inc.'s next earnings report?
Altria Group, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Altria Group, Inc. pay a dividend?
Yes. Altria Group, Inc. declared dividends of $4.16 per share in fiscal 2025, a yield of 5.47% at the current price.
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Where the numbers come from
Financial figures are the values Altria Group, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.