British American Tobacco p.l.c (BTI) Invested Capital (2013 - 2026)
British American Tobacco p.l.c (BTI) recorded Invested Capital of $154.98 billion in the quarter ended Jun 30, 2026, up 41.0% from $109.91 billion a year earlier.
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Analysis
British American Tobacco p.l.c (BTI) Invested Capital (2013 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, British American Tobacco p.l.c reported Invested Capital of $110.37 billion, down 2.4% from the prior year.
- Annual Invested Capital has declined for four straight years, with a five-year compound annual growth rate of -4.3% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Invested Capital came in at $113.11 billion in the year ended Dec 31, 2024 (-2.8%), $116.32 billion in the year ended Dec 31, 2023 (-20.9%), $147.09 billion in the year ended Dec 31, 2022 (-0.2%) and $147.41 billion in the year ended Dec 31, 2021 (+7.3%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Invested Capital since the quarter ended Dec 31, 2017.
- On a year-over-year basis, Invested Capital rose in 1 of the last four quarters, with growth averaging 7.2%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 41.0% in the quarter ended Jun 30, 2026, against a decline of 16.9% in the quarter ended Jun 30, 2024 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 293.35 Bn | 274.91 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 122.95 Bn | 102.10 Bn | - | 154.98 Bn |
| 3 | Altria | 111.79 Bn | 98.00 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.72 Bn | 2.32 Bn | 169.91 Mn | 1.48 Bn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 2.32 Bn |
| 6 | Trulieve Cannabis | 2.09 Bn | 706.80 Mn | 162.29 Mn | 859.48 Mn |
| 7 | Green Thumb Industries | 1.32 Bn | 166.97 Mn | 137.87 Mn | 2.14 Bn |
| 8 | Cronos | 1.19 Bn | -2.04 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.11 Bn | 241.91 Mn | 93.70 Mn | 748.17 Mn |
| 10 | Verano Holdings | 783.43 Mn | 457.05 Mn | 99.70 Mn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 154.98 Bn |
| Dec 31, 2025 | 111.34 Bn |
| Jun 30, 2025 | 109.91 Bn |
| Dec 31, 2024 | 113.58 Bn |
| Jun 30, 2024 | 119.44 Bn |
| Dec 31, 2023 | 116.07 Bn |
| Jun 30, 2023 | 143.65 Bn |
| Dec 31, 2022 | 139.40 Bn |
| Jun 30, 2022 | 150.38 Bn |
| Dec 31, 2021 | 144.42 Bn |
| Jun 30, 2021 | 151.28 Bn |
| Dec 31, 2020 | 141.24 Bn |
| Jun 30, 2020 | 149.13 Bn |
| Dec 31, 2019 | 141.19 Bn |
| Jun 30, 2019 | 149.49 Bn |
| Dec 31, 2018 | 145.93 Bn |
| Jun 30, 2018 | 151.54 Bn |
| Dec 31, 2017 | 171.35 Bn |
| Jun 30, 2017 | 36,922.34 Bn |
| Dec 31, 2016 | 25.01 Bn |
API Access
British American Tobacco p.l.c Invested Capital 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=invested-capital&ticker=BTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=BTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();