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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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

Calculated from Altria Group’s reported figures.

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

Filed
Jul 30, 2026, 7:22 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0000764180-26-000094

FAQ

What is Altria Group's net debt?
Altria Group (MO) reported net debt of $20.51B in Q2 2026.
How has Altria Group's net debt changed year-over-year?
Altria Group's net debt decreased by 8.2% year-over-year, from $22.34B to $20.51B.
What is the long-term trend for Altria Group's net debt?
Over 5 years (2020 to 2025), Altria Group's net debt has grown at a -3.1% compound annual growth rate (CAGR), from $22.97B to $19.65B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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