Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Altria Group, Inc.

MO · NYSE · Consumer

Fundamental quality

REASONABLE

74

out of 100

Altria Group, Inc. runs like a cash machine: it converts about 38.8% of revenue into free cash flow and holds a 34% net margin, though it grows at a measured pace. On fundamental quality it scores 74 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue -2%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Altria sells tobacco in the U.S.: it owns Marlboro in that market. It's the classic structurally declining yet enormously profitable business: it sells fewer cigarettes every year but raises prices and pays out nearly all profit as dividends.

What will shape its future

  • The pace of cigarette volume decline versus its pricing power: the equation behind the whole business.
  • Its transition to smoke-free products (vaping, nicotine pouches), where it trails Philip Morris.
  • Regulation (FDA) and litigation, the sector's permanent sword of Damocles.

Breakdown by area

I.Growth
47

EPS growth: 13.2% · Revenue growth: -2%

II.Profitability
93

Net margin: 34% · ROIC: 43.1%

III.Financial health
83

Net debt/EBITDA: 1.98x · FCF: 38.8%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 100%
Growthbeats 5%
Cash generationbeats 100%
Less debtbeats 42%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Altria Group, Inc. strengths

  • Excellent free-cash-flow generation (FCF margin of 38.8%): profit turns into real cash.
  • Exceptional net margin (34%), high even for its sector: the business is clearly profitable.
  • High gross margin (63%), pointing to pricing power.
  • Expanding margins: net margin has risen from 17% to 30% in recent years.

Altria Group, Inc. risks and weaknesses

  • Declining revenue (-2% annualized).

Altria Group, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202026,1534,4678,15424,526
202126,0132,4758,23623,500
202225,0965,7648,05122,650
202324,4838,1309,09122,547
202424,01811,2648,61121,799
202523,2796,9479,07421,235

Between 2020 and 2025, revenue went from $26,153M to $23,279M (-11%) and net income went from $4,467M to $6,947M (+56%). Meanwhile, its margins have widened (from 17% to 30%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+1.6%
  • Net income+29.7%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score7574
  • FCF margin36.8%38.8%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$4.16

per share, yearly

100.2% of earnings

Payout

57 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Altria Group, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Altria Group, Inc. a good company to invest in?

In terms of business quality, Altria Group, Inc. scores 74 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Altria Group, Inc. a profitable company?

Very. Altria Group, Inc. shows a net margin of 34%, typical of a highly profitable business.

Does Altria Group, Inc. have a lot of debt?

A moderate level: its net debt is 1.98 times its EBITDA.

Is Altria Group, Inc. growing?

Its revenue has fallen 2% annualized in recent years.

Does Altria Group, Inc. generate cash?

Yes. It converts about 38.8% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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