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	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022
Revenue	5,428	6,072	6,102	5,259	6,259	6,209	5,576	6,281	6,508	5,719	6,550	6,543
Net income	2,183	2,375	2,378	1,077	2,293	3,803	2,129	2,166	2,117	1,787	224	891
Diluted EPS	1.30	1.41	1.41	0.63	1.34	2.21	1.21	1.22	1.19	1.00	0.12	0.49
Diluted shares	1,673	1,680	1,684	1,690	1,703	1,718	1,758	1,773	1,782	1,786	1,799	1,809
Operating cash flow	2,324	—	—	2,720	—	—	2,877	—	—	2,984	—	—
Capital expenditures	93	—	—	38	—	—	35	—	—	55	—	—
Free cash flow	2,231	—	—	2,682	—	—	2,842	—	—	2,929	—	—
Cash & equivalents	3,531	3,472	1,287	4,726	1,897	1,799	3,608	1,537	874	3,913	2,483	2,567
Total assets	34,584	35,008	32,332	35,760	34,167	34,387	36,475	36,469	37,151	36,826	33,953	36,746
Total liabilities	37,745	37,604	35,538	39,220	37,585	37,353	41,539	39,826	40,928	40,652	38,185	39,149
Shareholders' equity	(3,211)	(2,646)	(3,256)	(3,510)	(3,468)	(3,016)	(5,114)	(3,407)	(3,827)	(3,876)	(4,232)	(2,403)

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. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.