Altria (MO) Operating Margin (2009 - 2026)
Altria (MO) posted quarterly Operating Margin of 51.32% for 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.
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.
- In Q2 2026, Operating Margin fell 162.0% year-over-year to 51.32%; the TTM figure through Jun 2026 stood at 46.78% (down 6.0% YoY), while the FY2025 annual figure was 42.52%, down 428.0% from the prior year.
- Operating Margin retreated to 51.32% in Q2 2026 per MO's latest filing, from 54.46% in the prior quarter.
- Across five years, Operating Margin topped out at 54.46% in Q1 2026 and bottomed at 28.24% in Q4 2025.
- Historically, Operating Margin has averaged 46.69% across 5 years, with a median of 48.08% in 2023.
- Annual changes were most pronounced in 2025 — Operating Margin tumbled 2000 bps — and 2026, when it jumped 2046 bps.
- Altria's Operating Margin stood at 46.11% in 2022, then rose by 1 bps to 46.79% in 2023, then increased by 3 bps to 48.24% in 2024, then slumped by 41 bps to 28.24% in 2025, then jumped by 82 bps to 51.32% in 2026.
- Business Quant data shows MO's Operating Margin at 51.32% in Q2 2026, 54.46% in Q1 2026, and 28.24% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 298.83 Bn | 292.83 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 122.98 Bn | 119.29 Bn | - | - |
| 3 | Altria | 111.97 Bn | 109.61 Bn | 3.82 Bn | 51.32% |
| 4 | RLX Technology | 2.22 Bn | 1.48 Bn | 52.74 Mn | 12.90% |
| 5 | Turning Point Brands | 1.73 Bn | 1.46 Bn | 93.70 Mn | 11.69% |
| 6 | Universal | 1.15 Bn | 869.50 Mn | 83.09 Mn | 0.44% |
| 7 | Ispire Technology | 87.09 Mn | 67.86 Mn | 1.99 Mn | -50.75% |
| 8 | Rythm | 45.53 Mn | 3.62 Mn | 18.54 Mn | 8.41% |
| 9 | Greenlane Holdings | 14.10 Mn | -10.40 Mn | 32,000.00 | -4,004.88% |
| 10 | VPR Brands | 9.14 Mn | 6.80 Mn | 161,075.00 | -47.25% |
Historic Data
Download 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% |