British American Tobacco p.l.c (BTI) FCF Margin (2016 - 2019)
British American Tobacco p.l.c's FCF Margin came in at 36.90% for the year ended Dec 31, 2025, down 9.72 percentage points from 46.62% a year earlier.
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Analysis
British American Tobacco p.l.c (BTI) FCF Margin (2016 - 2019) Analysis & Trends
Going back to the year ended Dec 31, 2013, British American Tobacco p.l.c's FCF Margin data covers 13 years.
- FCF Margin carries a five-year change of -3.05 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 represents the lowest annual FCF Margin since the year ended Dec 31, 2017.
- Per Business Quant, earlier years put FCF Margin at 46.62% in the year ended Dec 31, 2024 (+5.66 pp), 40.96% in the year ended Dec 31, 2023 (+1.48 pp), 39.48% in the year ended Dec 31, 2022 (-0.41 pp) and 39.88% in the year ended Dec 31, 2021 (-0.06 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 45.68% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 10.83% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | -6.05% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -6.24% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 11.86% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 2.87% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 31.55% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 18.35% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 8.61% |
API Access
British American Tobacco p.l.c FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=BTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "BTI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=BTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();