Altria (MO) Cost of Revenue (2009 - 2026)
Altria (MO) reported Cost of Revenue of $1.5 billion for Q3 2026, up 4.2% from $1.44 billion a year earlier but down 2.3% from the prior quarter.
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Analysis
Altria (MO) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Altria's Cost of Revenue came in at $5.74 billion, up 1.5% year-over-year; for FY2025, it was $5.6 billion, down 7.9% from FY2024.
- Cost of Revenue has declined for five consecutive years, with a five-year compound annual growth rate of -6.5% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $6.08 billion in FY2024 (-2.3%), $6.22 billion in FY2023 (-3.5%), $6.44 billion in FY2022 (-9.5%) and $7.12 billion in FY2021 (-8.9%).
- Five-year quarterly Cost of Revenue spans a low of $1.25 billion in Q1 2026 and a high of $1.77 billion in Q4 2021.
- Year over year, Cost of Revenue gained in two of the last eight quarters, with an average decline of 3.0%.
- The high point for year-over-year Cost of Revenue in five years was Q2 2026 (growth of 6.7%); the low point was Q1 2025 (a decline of 11.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.54 billion (Q2 2026), $1.25 billion (Q1 2026) and $1.45 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn | 3.58 Bn |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - | - |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn | 1.50 Bn |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn | 82.40 Mn |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn | 182.17 Mn |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn | 82.20 Mn |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn | 112.41 Mn |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn | 177.62 Mn |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn | 29.53 Mn |
| 10 | Turning Point Brands | 1.10 Bn | 187.99 Mn | 85.18 Mn | 65.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.50 Bn |
| Jun 30, 2026 | 1.54 Bn |
| Mar 31, 2026 | 1.25 Bn |
| Dec 31, 2025 | 1.45 Bn |
| Sep 30, 2025 | 1.44 Bn |
| Jun 30, 2025 | 1.44 Bn |
| Mar 31, 2025 | 1.27 Bn |
| Dec 31, 2024 | 1.50 Bn |
| Sep 30, 2024 | 1.54 Bn |
| Jun 30, 2024 | 1.60 Bn |
| Mar 31, 2024 | 1.44 Bn |
| Dec 31, 2023 | 1.53 Bn |
| Sep 30, 2023 | 1.58 Bn |
| Jun 30, 2023 | 1.68 Bn |
| Mar 31, 2023 | 1.43 Bn |
| Dec 31, 2022 | 1.57 Bn |
| Sep 30, 2022 | 1.72 Bn |
| Jun 30, 2022 | 1.71 Bn |
| Mar 31, 2022 | 1.45 Bn |
| Dec 31, 2021 | 1.77 Bn |
API Access
Altria Cost of Revenue 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=cost-of-revenue&ticker=MO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();