Altria Group (MO)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 14,284,000 | 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 | 12,711,000 | 12,549,000 | 12,307,000 | 12,129,000 |
| Revenue (ttm) | US$ in thousands | 23,494,000 | 23,635,000 | 23,905,000 | 23,917,000 | 24,038,000 | 24,115,000 | 24,356,000 | 24,734,000 | 24,202,000 | 24,544,000 | 24,837,000 | 24,255,000 | 25,260,000 | 24,963,000 | 24,713,000 | 24,961,000 | 24,121,000 | 24,228,000 | 24,343,000 | 24,163,000 |
| Gross profit margin | 60.80% | 60.48% | 59.79% | 59.38% | 59.26% | 58.27% | 57.59% | 56.98% | 57.81% | 56.32% | 55.83% | 55.34% | 51.56% | 51.92% | 51.56% | 51.17% | 52.70% | 51.80% | 50.56% | 50.20% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,284,000K ÷ $23,494,000K
= 60.80%
Based on the data provided, Altria Group Inc. has demonstrated a relatively stable gross profit margin over the past eight quarters. The gross profit margin has consistently ranged between 73.11% and 74.60%, indicating a strong ability to generate profit from its core operations. The slight fluctuations in the gross profit margin observed over the periods suggest that the company has been effectively managing its cost of goods sold relative to its revenue. Overall, Altria Group Inc. has maintained a healthy level of profitability as reflected in its gross profit margin performance.
Peer comparison
Dec 31, 2023