Filing Flows › Altria Group (MO) › Q4 2025
Altria Group (MO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Altria Group (MO) reported revenue of $5.8B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -4% from the quarter before. Operating margin was 28.2%, net earnings $1.1B (19.1% of revenue).
Altria Group, Q4 2025: revenue $5.8B (-2% year over year), operating margin 28.2%, net earnings $1.1B, operating cash flow $3.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.8B | -4% | -2% |
| Gross profit | $3.6B | -5% | +0.7% |
| Operating profit | $1.7B | -49% | -43% |
| Net earnings | $1.1B | -53% | -63% |
| Operating cash flow | $3.3B | +6% | -2% |
| Free cash flow | $3.2B | +5% | -3% |
What changed
Revenue was $5.8B in Q4 2025, down 2% year over year and down 4% from the previous quarter. Smokeable Products was the largest line at 88% of revenue.
Gross margin was 62.1%, up 1.8 points from a year earlier. Operating profit was $1.7B, a 28.2% margin (down 20.0 points year over year). Operating expenses grew 174% against a revenue fall of 2%. Net earnings were $1.1B, down 63% year over year. The effective tax rate was 26.2%.
Operating cash flow was $3.3B (down 2% year over year), 293% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization. Working capital and other items added $2.1B. Capital expenditures of $0.09B left free cash flow of $3.2B.
Questions
What was Altria Group's revenue in the fourth quarter 2025?
Altria Group (MO) reported revenue of $5.8B for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -4% from the quarter before.
Was Altria Group profitable in the fourth quarter 2025?
Operating profit was $1.7B (28.2% of revenue) and net earnings $1.1B.
Source: Altria Group 10-K on SEC EDGAR.