Altria (MO) Operating Margin (2009 - 2026)
Altria's (MO) quarterly Operating Margin came in at 51.32% in Q2 2026, down 162.0% year-over-year from 82.77% in Q2 2025, and down 5.77% quarter-over-quarter from 54.46% in Q1 2026.
Analysis
Altria (MO) Operating Margin (2009 - 2026) Analysis & Trends
Altria (MO) has reported Operating Margin for 18 consecutive years, with 51.32% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 162.0% year-over-year to 51.32% in Q2 2026; TTM through Jun 2026 was 46.78%, a 6.0% decrease from a year earlier, with the FY2025 full-year figure at 42.52%, down 428.0% from the prior year.
- Operating Margin was 51.32% for Q2 2026 at Altria, down from 54.46% in the prior quarter.
- Over five years, Operating Margin peaked at 54.46% in Q1 2026 and troughed at 28.24% in Q4 2025.
- A 5-year average of 46.69% and a median of 48.08% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 2000 bps in 2025 and soared 2046 bps in 2026, its largest moves.
- Over 5 years, Operating Margin stood at 46.11% in 2022, then grew by 1 bps to 46.79% in 2023, then climbed by 3 bps to 48.24% in 2024, then slumped by 41 bps to 28.24% in 2025, then surged by 82 bps to 51.32% in 2026.
- The last three Operating Margin figures came in at 51.32% (Q2 2026), 54.46% (Q1 2026), and 28.24% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 284.46 Bn | 280.39 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 126.98 Bn | 123.54 Bn | - | - |
| 3 | Altria | 115.00 Bn | 112.68 Bn | 3.82 Bn | 51.32% |
| 4 | RLX Technology | 2.79 Bn | 2.09 Bn | 52.74 Mn | 12.90% |
| 5 | Turning Point Brands | 1.51 Bn | 1.26 Bn | 93.70 Mn | 11.69% |
| 6 | VPR Brands | 7.34 Mn | 5.00 Mn | 161,075.00 | -47.25% |
| 7 | 22nd Century | 512,640.46 | -5.55 Mn | -293,000.00 | -114.91% |
| 8 | Cirtran | 197,816.68 | -168,530.32 | 619,024.00 | 13.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.32% |
| Mar 31, 2026 | 54.46% |
| Dec 31, 2025 | 28.24% |
| Sep 30, 2025 | 53.19% |
| Jun 30, 2025 | 52.93% |
| Mar 31, 2025 | 34.00% |
| Dec 31, 2024 | 48.24% |
| Sep 30, 2024 | 50.36% |
| Jun 30, 2024 | 40.80% |
| Mar 31, 2024 | 47.96% |
| Dec 31, 2023 | 46.79% |
| Sep 30, 2023 | 49.18% |
| Jun 30, 2023 | 44.64% |
| Mar 31, 2023 | 48.21% |
| Dec 31, 2022 | 46.11% |
| Sep 30, 2022 | 47.51% |
| Jun 30, 2022 | 47.46% |
| Mar 31, 2022 | 48.95% |
| Dec 31, 2021 | 43.69% |
| Sep 30, 2021 | 43.49% |