Altria (MO) Invested Capital (2009 - 2026)
Altria (MO) recorded Invested Capital of $21.91 billion in Q2 2026, up 1.8% from $21.51 billion a year earlier and up 2.2% from the prior quarter.
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Analysis
Altria (MO) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Altria reported Invested Capital of $22.21 billion, down 2.3% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of -7.3% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $22.74 billion in FY2024 (unchanged), $22.74 billion in FY2023 (-0.1%), $22.76 billion in FY2022 (-13.9%) and $26.44 billion in FY2021 (-18.4%).
- Quarterly Invested Capital has ranged from $19.98 billion in Q1 2024 to $26.86 billion in Q3 2021 over the past five years.
- On a year-over-year basis, Invested Capital rose in three of the last eight quarters, with growth averaging 1.4%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 13.1% in Q1 2025, against a decline of 19.9% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $21.44 billion (Q1 2026), $22.21 billion (Q4 2025) and $23.06 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 154.98 Bn |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 1.48 Bn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 2.32 Bn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 859.48 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 2.14 Bn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 748.17 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.91 Bn |
| Mar 31, 2026 | 21.44 Bn |
| Dec 31, 2025 | 22.21 Bn |
| Sep 30, 2025 | 23.06 Bn |
| Jun 30, 2025 | 21.51 Bn |
| Mar 31, 2025 | 22.60 Bn |
| Dec 31, 2024 | 22.74 Bn |
| Sep 30, 2024 | 21.74 Bn |
| Jun 30, 2024 | 22.06 Bn |
| Mar 31, 2024 | 19.98 Bn |
| Dec 31, 2023 | 22.74 Bn |
| Sep 30, 2023 | 21.74 Bn |
| Jun 30, 2023 | 23.42 Bn |
| Mar 31, 2023 | 21.56 Bn |
| Dec 31, 2022 | 22.76 Bn |
| Sep 30, 2022 | 22.06 Bn |
| Jun 30, 2022 | 25.28 Bn |
| Mar 31, 2022 | 26.16 Bn |
| Dec 31, 2021 | 26.44 Bn |
| Sep 30, 2021 | 26.86 Bn |
API Access
Altria 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=MO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=MO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();