ALTRIA GROUP, INC.

MO · CIK 0000764180

19 fiscal years · 68 SEC filings · every number carries its receipt

Revenue (FY)

$23.28B3.1%

FY2025

Net income (FY)

$6.95B38.3%

FY2025

Free cash flow (FY)

$9.07B5.4%

FY2025

Diluted EPS (FY)

$4.1237.0%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 1.2× since FY2007 · net margin 52.4% → 29.8%

MarginsNet marginFCF margin

FY2025: net 29.8% · free cash flow 39.0% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $9.29B operating cash − $216.0M capex = $9.07B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 174% (FY2008) → -198% (FY2025) · on assets 19.8%

Balance sheetLiabilitiesEquity

FY2025: $35.02B assets · $38.47B liabilities · −$3.50B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	23,279	24,018	24,483	25,096	26,013	26,153	25,110	25,364	25,576	25,744	25,434	24,522
Net income	6,947	11,264	8,130	5,764	2,475	4,467	(1,293)	6,963	10,222	14,239	5,241	5,070
Diluted EPS	4.12	6.54	4.57	3.19	1.34	2.40	(0.70)	3.68	5.31	7.28	—	—
Diluted shares	1,683	1,718	1,777	1,804	1,845	1,859	1,869	1,888	1,921	1,952	—	—
Operating cash flow	9,290	8,753	9,287	8,256	8,405	8,385	7,837	8,391	4,901	3,826	5,843	4,663
Capital expenditures	216	142	196	205	169	231	246	238	199	189	229	163
Free cash flow	9,074	8,611	9,091	8,051	8,236	8,154	7,591	8,153	4,702	3,637	5,614	4,500
Cash & equivalents	4,474	3,127	3,686	4,030	4,544	4,945	2,117	1,333	1,253	4,569	2,369	3,321
Total assets	35,017	35,177	38,570	36,954	39,523	47,414	49,271	55,459	43,202	45,932	31,459	34,475
Total liabilities	38,469	37,365	42,060	40,877	41,129	44,449	42,914	40,631	27,784	33,121	28,549	31,430
Shareholders' equity	(3,502)	(2,238)	(3,540)	(3,973)	(1,606)	2,839	6,222	14,787	15,377	12,770	2,880	3,014

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.