Altria Group (MO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 14,367,000 | 14,221,000 | 14,112,000 | 14,194,000 | 14,243,000 | 14,295,000 | 14,293,000 | 14,202,000 | 14,246,000 | 14,051,000 | 14,027,000 | 14,093,000 | 13,992,000 | 13,823,000 | 13,867,000 | 13,422,000 | 13,023,000 | 12,961,000 | 12,741,000 | 12,773,000 |
| Revenue (ttm) | US$ in thousands | 20,444,000 | 20,362,000 | 20,295,000 | 20,456,000 | 20,502,000 | 20,561,000 | 20,696,000 | 20,632,000 | 20,688,000 | 20,691,000 | 20,810,000 | 21,050,000 | 21,111,000 | 21,080,000 | 21,227,000 | 20,675,000 | 20,841,000 | 20,588,000 | 20,322,000 | 20,453,000 |
| Gross profit margin | 70.27% | 69.84% | 69.53% | 69.39% | 69.47% | 69.52% | 69.06% | 68.83% | 68.86% | 67.91% | 67.41% | 66.95% | 66.28% | 65.57% | 65.33% | 64.92% | 62.49% | 62.95% | 62.70% | 62.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,367,000K ÷ $20,444,000K
= 70.27%
The gross profit margin of Altria Group has shown a consistent upward trend over the analyzed period, increasing from 62.45% as of March 31, 2020, to 70.27% as of December 31, 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit.
The gradual improvement in gross profit margin reflects Altria's ability to optimize its production processes, negotiate better terms with suppliers, or adjust pricing strategies to enhance profitability. A rising gross profit margin is generally viewed positively by investors as it suggests operational efficiency and potentially stronger financial performance.
Overall, the increasing trend in Altria Group's gross profit margin signals that the company has been successful in controlling its production costs and generating more profit from its core operations over the analyzed period.
Peer comparison
Dec 31, 2024