Filing Flows › Comparisons › BTI vs MO
British American Tobacco p.l.c. vs Altria Group: BTI and MO compared
British American Tobacco p.l.c. is the larger company: $12.2B of revenue in its latest quarter (H1 2026) against $6.1B for Altria Group (Q3 2026). British American Tobacco p.l.c. is growing faster (+1% against +1% a year earlier). Altria Group is more profitable, with an operating margin of 54.0% against 33.1%.
Where the money goes: BTI and MO
British American Tobacco p.l.c. (BTI) · H1 2026
British American Tobacco p.l.c., H1 2026: revenue $12.2B (+1% year over year), operating margin 33.1%, net earnings $3.2B, operating cash flow $3.4B. The chart follows the revenue to costs, profit and cash.
Altria Group (MO) · Q3 2026
Altria Group, Q3 2026: revenue $6.1B (+1% year over year), operating margin 54.0%, net earnings $2.5B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.
| British American Tobacco p.l.c. (BTI) | Altria Group (MO) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $12.2B | $6.1B |
| Revenue growth, Y/Y | +1% | +1% |
| Gross margin | — | 64.3% |
| Operating margin | 33.1% | 54.0% |
| Net earnings | $3.2B | $2.5B |
| Net margin | 26.1% | 41.0% |
| Operating cash flow | $3.4B | $3.1B |
| Free cash flow | — | $3.0B |
| Market value | — | $129.5B |
| P/E | — | 16.0× |
| Analysts’ mean target | — | $73.45 |
Where the revenue comes from
British American Tobacco p.l.c.
- Combustibles: $9.6B (78%)
- Smokeless: $2.4B (20%)
- Other: $252M (2%)
Altria Group
- Smokeable Products Segment: $5.4B (89%)
- Oral Tobacco Segment: $688M (11%)
- All Other: $12.0M (0%)
Questions
Which is bigger, British American Tobacco p.l.c. or Altria Group?
British American Tobacco p.l.c. is the larger company: $12.2B of revenue in its latest quarter (H1 2026) against $6.1B for Altria Group (Q3 2026).
Is British American Tobacco p.l.c. or Altria Group growing faster?
British American Tobacco p.l.c. is growing faster (+1% against +1% a year earlier).
Which is more profitable, British American Tobacco p.l.c. or Altria Group?
Altria Group is more profitable, with an operating margin of 54.0% against 33.1%.
More: British American Tobacco p.l.c. earnings · how British American Tobacco p.l.c. makes money · Altria Group earnings · how Altria Group makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Jul 30, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.