Altria (MO) stock
Consumer Staples · Tobacco
Altria (MO) is a Tobacco company in the Consumer Staples sector, headquartered in Richmond, Virginia. As of October 23, 2026, MO closed at $74.31, a market capitalization of $124.08 billion, the 98th largest company in the S&P 500. Over the last twelve months it generated $20.44 billion in revenue (+1% year over year) and $9.11 billion in free cash flow. The stock trades at 15.6x trailing earnings and 12.6x forward earnings.
- 1-year total return: +22.9% (dividends reinvested)
- 5-year return: +17.7% a year
- 52-week range: $54.70 – $77.06
- Gross margin 72.4%, operating margin 61.7%
- Dividend yield: 5.97%, 17 straight years of increases
- FI Handbook report card: B across 9 metrics
- 7th largest of 34 Consumer Staples stocks in the S&P 500
MO price chart
1Y price change: +15.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MO | +7.8% | +35.1% | +22.9% | +30.1% | +17.7% | +8.8% | +17.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
MO key statistics
- Market cap
- $124.1B
- #98 in S&P 500
- P/E (TTM)
- 15.6x
- Forward P/E
- 12.6x
- EPS (TTM)
- $4.75
- Revenue (TTM)
- $20.4B
- +1%
- Free cash flow
- $9.1B
- Gross margin
- 72.4%
- Operating margin
- 61.7%
- Return on equity
- —
- Dividend yield
- 5.97%
- 52-week range
- $54.70 – $77.06
- Beta
- 0.46
- Price / sales
- 6.1x
- EV / EBITDA
- 11.5x
- Debt / equity
- —
- Employees
- 5,900
MO report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth1.2%D
- Gross margin72.4%A
- Operating margin61.7%A
- FCF margin44.6%A
- Return on equity——
- Net debt / EBITDA1.7xC
- Forward P/E12.6xA
- PEG ratio2.6xD
- Shareholder yield6.8%A
- Share count change / yr-2.0%B
Altria financials
Revenue went from $25.7B in fiscal 2016 to $23.3B in fiscal 2025, shrinking 1.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.7B | $25.6B | $25.4B | $25.1B | $26.2B | $26.0B | $25.1B | $24.5B | $24.0B | $23.3B |
| Gross profit | $11.6B | $12.0B | $12.3B | $12.7B | $13.0B | $14.0B | $14.2B | $14.3B | $14.4B | $14.5B |
| Operating income | $8.8B | $9.6B | $9.1B | $10.3B | $10.9B | $11.6B | $11.9B | $11.5B | $11.2B | $9.9B |
| Net income | $14.2B | $10.2B | $7.0B | -$1.3B | $4.5B | $2.5B | $5.8B | $8.1B | $11.3B | $6.9B |
| EPS (diluted) | $7.28 | $5.31 | $3.68 | $-0.70 | $2.40 | $1.34 | $3.19 | $4.57 | $6.54 | $4.12 |
| Free cash flow | $3.6B | $4.7B | $8.2B | $7.6B | $8.2B | $8.2B | $8.1B | $9.1B | $8.6B | $9.1B |
| Buybacks | $1.0B | $2.9B | $1.7B | $845.0M | $0 | $1.7B | $1.8B | $1.0B | $3.4B | $1.0B |
| Dividends paid | $4.5B | $4.8B | $5.4B | $6.1B | $6.3B | $6.4B | $6.6B | $6.8B | $6.8B | $7.0B |
| Diluted shares | 2.0B | 1.9B | 1.9B | 1.9B | 1.9B | 1.8B | 1.8B | 1.8B | 1.7B | 1.7B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $146.3B and $9.1B of trailing free cash flow, Altria needs to grow free cash flow about 5.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 2.2% a year over the last five years.
P/E ratio history
Current 18.0x vs. median 14.8x (10th–90th percentile 8.3x–30.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MO dividend
- Dividend yield
- 5.97%
- Annual dividend
- $4.44
- Years of increases
- 17
- 5-yr dividend growth
- 4.1%
- per year
- Payout ratio
- 89%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MO earnings
Next report: October 29, 2026. Last quarter's revenue was $5.4B (+1% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $1.50 | $1.48 | -1.2% |
| Apr 30, 2026 | $1.25 | $1.32 | +5.9% |
| Jan 29, 2026 | $1.32 | $1.30 | -1.3% |
| Oct 30, 2025 | $1.45 | $1.45 | +0.1% |
| Jul 30, 2025 | $1.38 | $1.44 | +4.0% |
| Apr 29, 2025 | $1.19 | $1.23 | +3.5% |
| Jan 30, 2025 | $1.28 | $1.29 | +0.8% |
| Oct 31, 2024 | $1.35 | $1.38 | +2.3% |
Stocks like MO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
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 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
 KO Coca-Cola | -2.76% | +36% | $398.9B | 27.8x | Compare |
 PG Procter & Gamble | -2.76% | +10% | $373.2B | 24.3x | Compare |
 PEP Pepsico | -2.20% | -7% | $185.0B | 17.1x | Compare |
 MNST Monster Beverage | -2.35% | +32% | $90.5B | 42.8x | Compare |
 MDLZ Mondelez International | -2.13% | +8% | $81.4B | 23.5x | Compare |
MO news
- Will Altria’s Pricing Power Triumph Over Tumbling Volumes on Oct 29? · Oct 25, 2026
- Meet the Ultra-High-Yield Dividend Stock That Has Doubled the S&P 500's Returns This Year · Oct 25, 2026
- Altria (MO) Declines More Than Market: Some Information for Investors · Oct 23, 2026
- on!® Crowns Team Grass League Champions at Inaugural on!vitational™ Golf Tournament · Oct 23, 2026
- Altria Pays Out 89.3% of Its Earnings as Dividends. Here’s Why That Number Matters. · Oct 23, 2026
MO stock FAQ
What is MO's market cap?
Altria's market capitalization is $124.08 billion as of October 23, 2026, ranking 98th in the S&P 500.
What is MO's P/E ratio?
MO trades at a trailing price-to-earnings ratio of 15.6x and a forward P/E of 12.6x. Its median P/E over the period we track is 14.8x.
Does MO pay a dividend?
Yes. Altria pays $4.44 per share a year, a 5.97% yield. It has raised its dividend 17 years in a row. Dividends grew 4.1% a year over the last five years.
How much has MO stock returned?
Including reinvested dividends, MO returned +22.9% over one year, +17.7% a year over five years, +8.8% a year over ten years through October 23, 2026.
Is MO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Altria must grow free cash flow about 5% a year for the next decade. Its free cash flow grew 2% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does MO report earnings?
Altria is expected to report earnings on October 29, 2026.
How many employees does Altria have?
Altria has about 5,900 full-time employees, or $3.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology