Filing Flows › Altria Group (MO) › Q3 2025
Altria Group (MO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Altria Group (MO) reported revenue of $6.1B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.5% from the quarter before. Operating margin was 53.2%, net earnings $2.4B (39.1% of revenue).
Altria Group, Q3 2025: revenue $6.1B (-3% year over year), operating margin 53.2%, net earnings $2.4B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1B | -0.5% | -3% |
| Gross profit | $3.8B | -1% | +0.1% |
| Operating profit | $3.2B | 0% | +2% |
| Net earnings | $2.4B | -0.1% | +4% |
| Operating cash flow | $3.1B | 15× | +18% |
| Free cash flow | $3.0B | 18× | +18% |
What changed
Revenue was $6.1B in Q3 2025, down 3% year over year and roughly flat from the previous quarter. Smokeable Products Segment was the largest line at 89% of revenue. Smokeable Products Segment lost $0.15B year over year (down 3%), 82% of the total change.
Gross margin was 62.8%, up 1.9 points from a year earlier. Operating profit was $3.2B, a 53.2% margin (up 2.8 points year over year). Operating expenses fell 11% while revenue fell 3%. Net earnings were $2.4B, up 4% year over year. The effective tax rate was 22.8%.
Operating cash flow was $3.1B (up 18% year over year), 130% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization. Working capital and other items added $0.65B. Capital expenditures of $0.05B left free cash flow of $3.0B.
Questions
What was Altria Group's revenue in the third quarter 2025?
Altria Group (MO) reported revenue of $6.1B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.5% from the quarter before.
Was Altria Group profitable in the third quarter 2025?
Operating profit was $3.2B (53.2% of revenue) and net earnings $2.4B.
Source: Altria Group 10-Q on SEC EDGAR.