AltriaMO

AltriaMO

Revenue: is the business selling more than it used to?

$23.3B−3% YoYFY 2025

→Revenue reached $23.3B in 2025, compounding -2% a year since 2022 though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Net income: how much of that revenue becomes profit?

$6.9B−38% YoYFY 2025

→Net income was $6.9B in 2025, compounding +6% a year over three years. Trailing twelve-month profit stands at $8.0B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

How fast is it growing, year by year?

-3.1%revenue growth, FY 2025

→Revenue grew -3% in 2025 against a five-year average of -2%. Earnings fell +38% on top of it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Revenue per share: is your slice growing as fast as the company?

$13.83revenue per share, FY 2025

→Revenue per share reached $13.83 in 2025, compounding -0% a year against -2% for MO as a whole. Buybacks added roughly 2.3 points to your per-share result. Free cash flow per share stands at $5.39.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Free cash flow: what is left in real cash after everything?

$9.1B+5% YoYFY 2025

→Free cash flow was $9.1B in 2025, compounding +4% a year since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Where does each dollar of revenue actually go?

→Of $23.3B in 2025 sales, $6.9B reaches net profit - 30 cents on the dollar. The largest single deduction is producing the product ($8.7B).

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

How much of every sales dollar ends up as free cash?

→39 cents of every sales dollar became free cash in 2025, up 7 points since 2022 - the best conversion in its filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is capital spending, at 1% of revenue (research and development 1%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin compressed 5 points to 43% since 2022. After everything, 30 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

What does it earn on the money it uses?

→Return on capital needs both a profit and an equity base; one of them isn't available here.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

What has the market paid for MO over time?

14.5xP/E today

→At 14.5x earnings, the market is paying +64% more than MO's own 9-year median of 8.9x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

What cash return does the business throw off per dollar of market value?

7.9%FCF yield today

→Every dollar of market value currently buys 7.9% of annual free cash flow, less than its 10-year median of 13.2% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Could it handle its debt if things went wrong?

→Debt of $24.6B sits against $2.4B of cash. Earnings cover the interest bill 9 times over, so the debt is comfortably serviced.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Is the company's own capital growing?

→Shareholders' equity is negative at $-2.7B: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

How much goes back, and how much leaks out as stock comp?

→Shareholders received $1.0B in buybacks and $7.0B in dividends in 2025.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

How fast is your ownership being diluted - or concentrated?

→The share count shrank 2.0% in 2025, averaging 2.3% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Is the dividend cheque growing?

→The dividend per share reached $4.14 in 2025, compounding +4% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Can it afford the dividend?

→The dividend consumed 100% of profit and 77% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Does MO earn more on its capital than that capital costs?

→MO earns 38.3% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 42.1% in 2022, so the trend is down, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

MO has issued or retired shares - did shareholders end up better off?

→MO has shrunk its share count -19% from 2008 to 2025, so each remaining share owns more of the business. Revenue per share is +20% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AltriaMO

Are the people running it buying or selling?

→Insiders sold $2M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 41 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30