How does Altria Group (MO) make money?

Altria Group (MO) generates revenue primarily from Smokeable Products, which accounted for 87.9% of total revenue in TTM through Q1 2026. The company reported $21.8B in revenue and converted 36.9% of it into net profit, equivalent to roughly $8.05B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Altria Group (MO)?

Altria Group (MO) reported a gross profit margin of 67.8% in TTM through Q1 2026, equivalent to $14.8B in gross profit on $21.8B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Altria Group (MO)?

Altria Group (MO) reported an operating profit margin of 50.7% in TTM through Q1 2026, equivalent to $11.1B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Altria Group (MO)?

Altria Group (MO) reported a net profit margin of 36.9% in TTM through Q1 2026, equivalent to $8.05B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Altria Group (MO) profitable?

Yes. Altria Group (MO) reported $8.05B in net income for TTM through Q1 2026, with a net profit margin of 36.9%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Altria Group (MO) spend on capital expenditures?

Altria Group (MO) spent $271M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Altria Group (MO) generate?

Altria Group (MO) generated $8.62B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 39.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Altria Group (MO)?

Altria Group (MO) had an effective tax rate of 23.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Altria Group (MO)?

Altria Group (MO) reports revenue across 3 reportable product segments, led by Smokeable Products at 87.9% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Altria Group Makes Money: 2026 Visual Revenue Map

Altria Group (MO) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Altria Group discloses geographic revenue only in annual filings. to view the full breakdown.

Altria Group (MO) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Altria Group (MO), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Smokeable Products	$19.2B	87.9%
Smokeless Products	$2.62B	12%
Other Segments	$21.4M	0.1%
Total	$21.8B	100%

Smokeable Products$19.2B
Smokeless Products$2.62B
Other Segments$21.4M
Total$21.8B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Altria Group (MO) reports revenue across 3 reportable product segments; the largest segment was Smokeable Products at 87.9%, followed by Smokeless Products (12%) and Other Segments (0.1%).

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