MOAltria
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.1×).
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Margins have held roughly steady, a stable cost structure.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MO?
Altria earns 44% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 35 points above what the capital costs: growth creates value
- Operating margin
- 47%
Operating margin · Consumer Defensive median 8.1% · 12 months to Q2 2026
- Cash conversion
- 1.12×
Cash conversion · 0.97× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −0.83%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 42% |
| FY2021 | 44% |
| FY2022 | 47% |
| FY2023 | 47% |
| FY2024 | 47% |
| FY2025 | 43% |
Details›
- Gross margin12 months to Q2 2026
- 63%
- Operating margin12 months to Q2 2026
- 47%
- Net margin12 months to Q2 2026
- 34%
- Free cash flow margin
- 39%
- Revenue, trailing twelve months
- $23.5B
- Free cash flow, trailing twelve months
- $9.11B
- Net income, trailing twelve months
- $7.97B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 44%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Consumer Defensive
Ranks #20 of 131 by RyuScore