Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Altria

MO stock analysis · Consumer Staples · Tobacco

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$71.95HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$120.1B

Price × SEC outstanding shares. Shares measured 2026-04-22. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$82.53

Equity cash-flow scenario · SEC outstanding shares at 2026-04-22 · 14.7% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

1.8%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

43.8%

26 sector peers · median 24.9×

How this is calculated ↗
Valuation

Historical multiples

14.9×

6 annual observations · snapshot P/E 17.3× · 16.7% versus history

How this is calculated ↗
Valuation

Free cash flow yield

7.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

41.8%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

-0.5%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-6.7%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

-1.3%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 9.3B2020-12-31: cfo $8,385,000,000.002020-12-31: capex $231,000,000.0020202021-12-31: cfo $8,405,000,000.002021-12-31: capex $169,000,000.0020212022-12-31: cfo $8,256,000,000.002022-12-31: capex $205,000,000.0020222023-12-31: cfo $9,287,000,000.002023-12-31: capex $196,000,000.0020232024-12-31: cfo $8,753,000,000.002024-12-31: capex $142,000,000.0020242025-12-31: cfo $9,290,000,000.002025-12-31: capex $216,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$103.52$112.95$123.09
10.0%$75.86$82.53$89.70
12.0%$59.85$64.94$70.40

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3123.3B6.9B9.3B216M35B
2024-12-3124B11.3B8.8B142M35.2B
2023-12-3124.5B8.1B9.3B196M38.6B
2022-12-3125.1B5.8B8.3B205M37B
2021-12-3126B2.5B8.4B169M39.5B
2020-12-3126.2B4.5B8.4B231M47.4B
2019-12-3125.1B-1.3B7.8B246M49.3B
2018-12-3125.4B7B8.4B238M55.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue23.3BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-25
netIncome6.9BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-25
Parent/common earnings proxy6.9BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-25
cfo9.3BNetCashProvidedByUsedInOperatingActivities2026-02-25
capex216MPaymentsToAcquirePropertyPlantAndEquipment2026-02-25
operatingIncome9.9BOperatingIncomeLoss2026-02-25
assets35BAssets2026-02-25
equity-3.5BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-25
Parent book equity proxy-3.5BStockholdersEquity2026-02-25
debt25.7BLongTermDebt2026-02-25
shortDebt0ShortTermBorrowings2026-02-25
cash4.5BCashAndCashEquivalentsAtCarryingValue2026-02-25
shares1.7BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-25
dividends7BPaymentsOfDividendsCommonStock2026-02-25
buybacks1BPaymentsForRepurchaseOfCommonStock2026-02-25
issuanceNot reported under a supported tag