Altria (MO) Return on Capital Employed (2009 - 2026)
Altria (MO) posted quarterly Return on Capital Employed of 41.87% for Q2 2026, up 132.0% year-over-year from 18.05% in Q2 2025, and little changed quarter-over-quarter from 41.93% in Q1 2026.
Altria (MO) Return on Capital Employed (2009 - 2026) Analysis & Trends
Altria (MO) has reported Return on Capital Employed for 17 consecutive years, with 41.87% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed rose 132.0% year-over-year to 41.87%; the TTM figure through Jun 2026 stood at 41.87% (up 132.0% YoY), while the FY2025 annual figure was 38.16%, down 186.0% from the prior year.
- Return on Capital Employed held at 41.87% in Q2 2026 per MO's latest filing, from 41.93% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 824.59% in Q3 2023 and bottomed at 38.28% in Q4 2025.
- Historically, Return on Capital Employed has averaged 125.23% across 5 years, with a median of 42.81% in 2023.
- Annual changes were most pronounced in 2023 — Return on Capital Employed soared 38638 bps — and 2024, when it sank 46417 bps.
- Altria's Return on Capital Employed stood at 44.41% in 2022, then retreated by 1 bps to 44.07% in 2023, then slipped by 1 bps to 43.42% in 2024, then retreated by 12 bps to 38.28% in 2025, then grew by 9 bps to 41.87% in 2026.
- Business Quant data shows MO's Return on Capital Employed at 41.87% in Q2 2026, 41.93% in Q1 2026, and 38.28% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 293.93 Bn | 287.93 Bn | 7.66 Bn | 38.19% |
| 2 | British American Tobacco p.l.c | 121.73 Bn | 118.03 Bn | - | - |
| 3 | Altria | 110.12 Bn | 107.75 Bn | 3.82 Bn | 41.87% |
| 4 | RLX Technology | 2.20 Bn | 1.46 Bn | 52.74 Mn | 3.57% |
| 5 | Turning Point Brands | 1.67 Bn | 1.40 Bn | 93.70 Mn | 10.34% |
| 6 | Universal | 1.13 Bn | 851.44 Mn | 83.09 Mn | 6.74% |
| 7 | Ispire Technology | 85.94 Mn | 66.71 Mn | 1.99 Mn | -133.15% |
| 8 | Rythm | 49.34 Mn | 7.43 Mn | 18.54 Mn | 79.37% |
| 9 | Greenlane Holdings | 11.38 Mn | -13.12 Mn | 32,000.00 | -150.46% |
| 10 | VPR Brands | 9.12 Mn | 6.78 Mn | 161,075.00 | -105.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.87% |
| Mar 31, 2026 | 41.93% |
| Dec 31, 2025 | 38.28% |
| Sep 30, 2025 | 43.85% |
| Jun 30, 2025 | 40.55% |
| Mar 31, 2025 | 41.73% |
| Dec 31, 2024 | 43.42% |
| Sep 30, 2024 | 32.58% |
| Jun 30, 2024 | 40.12% |
| Mar 31, 2024 | 43.12% |
| Dec 31, 2023 | 44.07% |
| Sep 30, 2023 | 824.59% |
| Jun 30, 2023 | 45.77% |
| Mar 31, 2023 | 42.50% |
| Dec 31, 2022 | 44.41% |
| Sep 30, 2022 | 438.22% |
| Jun 30, 2022 | 38.68% |
| Mar 31, 2022 | 40.60% |
| Dec 31, 2021 | 37.33% |
| Sep 30, 2021 | 135.23% |