British American Tobacco p.l.c (BTI) Operating Margin (2016 - 2017)
British American Tobacco p.l.c (BTI) reported Operating Margin of 39.04% for the year ended Dec 31, 2025, up 28.46 percentage points from 10.58% a year earlier.
British American Tobacco p.l.c (BTI) Operating Margin (2016 - 2017) Analysis & Trends
Dating back to the year ended Dec 31, 2013, British American Tobacco p.l.c's Operating Margin record includes 13 years.
- Operating Margin has a five-year change of +0.39 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 ranks as the highest annual Operating Margin since the year ended Dec 31, 2021.
- According to Business Quant data, Operating Margin came in at 10.58% in the year ended Dec 31, 2024 (+68.31 pp), -57.73% in the year ended Dec 31, 2023 (-95.78 pp), 38.05% in the year ended Dec 31, 2022 (-1.79 pp) and 39.85% in the year ended Dec 31, 2021 (+1.20 pp).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 11.69% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 1.44% |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2017 | 44.96% |
| Dec 31, 2016 | 1,481.08% |
| Mar 31, 2016 | 210.56% |
British American Tobacco p.l.c Operating 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=operating-margin&ticker=BTI&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();