Altria (MO) Operating Margin (2009 - 2026)
Altria (MO) reported Operating Margin of 51.32% for Q2 2026, down 1.62 percentage points from 52.93% a year earlier and down 3.14 percentage points from the prior quarter.
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Analysis
Altria (MO) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Altria's Operating Margin came in at 46.78%, down 0.06 percentage points year-over-year; for FY2025, it was 42.52%, down 4.28 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, though with a five-year change of +0.95 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 46.80% in FY2024 (-0.36 pp), 47.16% in FY2023 (-0.33 pp), 47.49% in FY2022 (+3.05 pp) and 44.44% in FY2021 (+2.86 pp).
- Five-year quarterly Operating Margin spans a low of 28.24% in Q4 2025 and a high of 54.46% in Q1 2026.
- Year over year, Operating Margin gained in five of the last eight quarters, with an average year-over-year change of +0.31 percentage points.
- The high point for year-over-year Operating Margin in five years was Q1 2026 (a gain of 20.46 percentage points); the low point was Q4 2025 (a drop of 20.00 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 54.46% (Q1 2026), 28.24% (Q4 2025) and 53.19% (Q3 2025).
Peer Set
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
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% |
API Access
Altria 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=MO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=MO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();