British American Tobacco p.l.c (BTI) Invested Capital (2013 - 2025)
British American Tobacco p.l.c (BTI) reported Invested Capital of $107.9 billion for Q4 2025, down 1.01% on a YoY basis from $109.0 billion in Q4 2024, and up 153.47% quarter-over-quarter from $42.6 billion in Q2 2025.
British American Tobacco p.l.c (BTI) Invested Capital (2013 - 2025) Analysis & Trends
British American Tobacco p.l.c has reported Invested Capital for 13 years, with the latest figure at $107.9 billion in Q4 2025.
- For the quarter ending Q4 2025, Invested Capital fell 1.01% year-over-year to $107.9 billion; the trailing twelve-month figure through Dec 2025 stood at $107.9 billion (down 1.01% YoY), and the FY2025 full-year result was $106.9 billion, down 1.88% from the prior year.
- Invested Capital for Q4 2025 stood at $107.9 billion, up from $42.6 billion in the prior quarter.
- The five-year high for Invested Capital was $144.3 billion in Q4 2021, with the low at $41.5 billion in Q2 2024.
- Historically, Invested Capital has averaged $84.2 billion across 5 years, with a median of $79.4 billion in 2021.
- Annual changes were most pronounced in 2023 — Invested Capital decreased 17.93% — and 2025, when it grew 2.64%.
- British American Tobacco p.l.c's Invested Capital stood at $144.3 billion in 2021, then retreated by 5.05% to $137.0 billion in 2022, then slipped by 17.93% to $112.5 billion in 2023, then decreased by 3.1% to $109.0 billion in 2024, then declined by 1.01% to $107.9 billion in 2025.
- The last three Invested Capital figures came in at $107.9 billion (Q4 2025), $42.6 billion (Q2 2025), and $109.0 billion (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | -1.61 Bn |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 21.44 Bn |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | 107.88 Bn |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | 385.49 Mn |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | 1.46 Bn |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | 2.33 Bn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | -15.11 Mn |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | 45.20 Mn |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | 50.08 Mn |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | 21.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 107.88 Bn |
| Jun 30, 2025 | 42.56 Bn |
| Dec 31, 2024 | 108.98 Bn |
| Jun 30, 2024 | 41.47 Bn |
| Dec 31, 2023 | 112.46 Bn |
| Jun 30, 2023 | 46.48 Bn |
| Dec 31, 2022 | 137.02 Bn |
| Jun 30, 2022 | 50.02 Bn |
| Dec 31, 2021 | 144.32 Bn |
| Jun 30, 2021 | 50.82 Bn |
| Dec 31, 2020 | 140.81 Bn |
| Jun 30, 2020 | 53.88 Bn |
| Dec 31, 2019 | 92.21 Bn |
| Jun 30, 2019 | 53.49 Bn |
| Dec 31, 2018 | 89.96 Bn |
| Jun 30, 2018 | 58.89 Bn |
| Dec 31, 2017 | 68.10 Bn |
| Jun 30, 2017 | 19,275.77 Bn |
| Dec 31, 2016 | 30.95 Bn |
| Jun 30, 2016 | 21.38 Bn |