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CompareEarnings: May 31, 2026

Altria Group Inc

Exchange: NYSESector: Consumer DefensiveIndustry: Tobacco

Altria Group, Inc. is a holding company. At December 31, 2012, Altria Group, Inc.'s direct and indirect wholly owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless products and wine. Philip Morris Capital Corporation (PMCC), another wholly owned subsidiary of Altria Group, Inc., maintains a portfolio of leveraged and direct finance leases. In addition, Altria Group, Inc. held approximately 26.9% of the economic and voting interest of SABMiller plc (SABMiller).

Did you know?

Free cash flow has been growing at 3.0% annually.

Current Price

$65.76

+0.43%

GoodMoat Value

$92.64

40.9% undervalued
Profile
Valuation (TTM)
Market Cap$110.39B
P/E15.89
EV$129.32B
P/B—
Shares Out1.68B
P/Sales4.74
Revenue$23.28B
EV/EBITDA12.26

Altria Group Inc (MO) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Altria is a high-cash-flow, dividend-paying tobacco giant with a strong competitive moat but faces significant long-term structural risks. Its business model is under pressure from declining cigarette volumes, offset by pricing power and investments in smokeless products. A value investor must weigh its 6.5% yield and 8.5% FCF yield against the severe red flags of revenue decline and regulatory risk.

Read full analysis
Altria Group is a leading tobacco company in the United States, primarily selling cigarettes (including Marlboro) and smokeless tobacco products. Its customers are adult smokers and nicotine users. The company's primary competitive moat, as per Section 1 of the framework, stems from powerful brand loyalty (Moat Criterion 6) and regulatory barriers (Criterion 5). The tobacco industry is highly regulated, creating significant hurdles for new entrants, and Altria's flagship brands command deep customer allegiance, granting it pricing power (Criterion 13). This is evident in its high 42.5% operating margin, which allows it to generate substantial cash flow despite a slight -0.5% year-over-year revenue decline. For a value investor, the attraction lies in the high 8.5% free cash flow yield and a 6.5% dividend yield, supported by a P/E of 15.4x, which may appear reasonable for such a cash-generative business. However, the analysis reveals critical red flags per Section 5. The revenue decline points to a high risk of competitive erosion and market disruption (Criterion 8 & 14) as smoking rates fall. The business faces severe, ongoing regulatory and litigation risks (Criterion 7). Furthermore, the core model depends on raising prices to offset volume declines, a strategy with long-term limits. The investment case hinges on whether Altria's investments in smokeless products can successfully offset the secular decline of its legacy cigarette business. Analysis based on data as of 2024-05-15.

MO Company Information

Altria Group, Inc. is a holding company. At December 31, 2012, Altria Group, Inc.'s direct and indirect wholly owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly owned subsidiaries, including U.S.

Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless products and wine. Philip Morris Capital Corporation (PMCC), another wholly owned subsidiary of Altria Group, Inc., maintains a portfolio of leveraged and direct finance leases.

In addition, Altria Group, Inc. held approximately 26.9% of the economic and voting interest of SABMiller plc (SABMiller).

Sector

Consumer Defensive

Industry

Tobacco

Exchange

NYSE

Country

Virginia, USA

MO Key Officers

Key officers data coming soon

MO Company Profile

Altria Group Inc (MO) is a Consumer Defensive company in the Tobacco industry, listed on NYSE. Headquartered in Virginia, USA.

Altria Group, Inc. is a holding company. At December 31, 2012, Altria Group, Inc.'s direct and indirect wholly owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless products and wine. Philip Morris Capital Corporation (PMCC), another wholly owned subsidiary of Altria Group, Inc., maintains a portfolio of leveraged and direct finance leases. In addition, Altria Group, Inc. held approximately 26.9% of the economic and voting interest of SABMiller plc (SABMiller).

Market capitalization: $110.39B. Shares outstanding: 1678.7M. Dividend yield: 6.30%.

View the complete company profile for Altria Group Inc on GoodMoat, including key officers, financial metrics, sector classification, and investment analysis tools. Use the profile alongside GoodMoat's DCF calculator, fair value models, and quality score to evaluate whether MO is a sound investment opportunity.