Altria Group (MO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 14,367,000 | 14,284,000 | 14,246,000 | 13,992,000 | 13,023,000 |
| Revenue | US$ in thousands | 20,444,000 | 24,483,000 | 25,096,000 | 26,013,000 | 26,153,000 |
| Gross profit margin | 70.27% | 58.34% | 56.77% | 53.79% | 49.80% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $14,367,000K ÷ $20,444,000K
= 70.27%
The gross profit margin of Altria Group has shown a consistent upward trend over the past five years, indicating improvements in its profitability. Starting at 49.80% on December 31, 2020, the margin increased steadily to 70.27% by December 31, 2024. This signifies that the company has been able to effectively control its cost of goods sold relative to its revenue generation. The significant increase in the gross profit margin highlights Altria Group's ability to generate more profit from its core business activities, which is a positive indicator for the company's financial health and efficiency in managing its operations.
Peer comparison
Dec 31, 2024