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Altria Group MO Smokeable Products Segment — Operating Income

Other segment segments

Oral Tobacco Segment
$381M-23.5%
All Other
-$77M+28.7%

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Other financials

Income statement

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Revenue$6.1B+0.1%
Gross profit$3.8B-0.8%
Operating income$3.1B-2.9%
Net income$2.3B-3.4%
EPS (diluted)$1.37-2.8%

Balance sheet

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Cash & equivalents$2.4B+81.6%
Total debt$22.9B-3.2%
Total equity-$2.7B+18.1%
Total assets$33.4B+3.2%

Cash flow

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Operating cash flow$719.0M+251%
CapEx$57.0M+78.1%
Free cash flow$662.0M+283%

Valuation

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Market cap$114.28B+7.7%
Enterprise value$134.79B+5.0%
P/E14.3×+2.3×
P/S4.9×+0.4×

Profitability

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Gross margin63%+1.5pp
Operating margin46.8%-0.1pp
Net margin34%-3.3pp
FCF margin38.8%+1.9pp

Returns & leverage

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Return on equity101.6%
Debt / equity8.7×
Current ratio0.5×+0.1×

Where this comes from

Reported directly by Altria Group in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Altria Group’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:22 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0000764180-26-000094
(in millions)For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025For the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025
Net revenues$11,539$11,361$6,111$6,102
Earnings before income taxes:
OCI:
Smokeable products$5,615$5,399$2,942$2,930
Oral tobacco products816931381498
All other(153)(1,122)(77)(108)
Amortization of intangibles(46)(74)(23)(37)
General corporate expenses(140)(116)(87)(53)

Item 1. Financial Statements

FAQ

What is Altria Group's smokeable products segment — operating income?
Altria Group (MO) reported smokeable products segment — operating income of $2.94B in Q2 2026.
How has Altria Group's smokeable products segment — operating income changed year-over-year?
Altria Group's smokeable products segment — operating income increased by 0.4% year-over-year, from $2.93B to $2.94B.
What is the long-term trend for Altria Group's smokeable products segment — operating income?
Over 4 years (2021 to 2025), Altria Group's smokeable products segment — operating income has grown at a 1.4% compound annual growth rate (CAGR), from $10.39B to $10.98B.
What does smokeable products segment — operating income mean?
This represents the profit generated by the smokeable products business segment after deducting operating expenses from net revenues. It serves as a primary indicator of the core profitability and operational efficiency of the company's traditional tobacco business. Investors use this to assess the segment's ability to generate cash flow independent of financing and tax structures.

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