Altria Group (MO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 8,130,000 | 5,764,000 | 2,475,000 | 4,467,000 | -1,293,000 |
| Revenue | US$ in thousands | 23,494,000 | 24,038,000 | 24,202,000 | 24,944,000 | 23,830,000 |
| Net profit margin | 34.60% | 23.98% | 10.23% | 17.91% | -5.43% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $8,130,000K ÷ $23,494,000K
= 34.60%
Altria Group Inc.'s net profit margin has fluctuated significantly over the past five years. In 2019, the company had a negative net profit margin of -5.18%, indicating that expenses exceeded revenue during that period. However, in subsequent years, Altria Group Inc. improved its profitability, with a net profit margin of 17.05% in 2020, further increasing to 9.47% in 2021, and notably to 22.92% in 2022.
The most recent data from December 31, 2023, shows a strong improvement in profitability, with a net profit margin of 33.14%. This significant increase suggests that Altria Group Inc. has effectively managed its costs and increased its revenue generation compared to the previous year. Overall, the trend indicates a positive trajectory in the company's profitability performance in recent years.
Peer comparison
Dec 31, 2023