Altria Group (MO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,547,000 | 11,919,000 | 11,560,000 | 10,873,000 | 10,326,000 |
| Revenue | US$ in thousands | 23,494,000 | 24,038,000 | 24,202,000 | 24,944,000 | 23,830,000 |
| Operating profit margin | 49.15% | 49.58% | 47.76% | 43.59% | 43.33% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $11,547,000K ÷ $23,494,000K
= 49.15%
Altria Group Inc.'s operating profit margin has demonstrated fluctuations over the past five years. In 2023, the operating profit margin reached 47.16%, a significant increase from the previous year's margin of 32.99%. This improvement indicates enhanced operational efficiency in generating profits from its core business activities.
Comparing 2023 to 2021, there has been a notable upward trend in the operating profit margin, with a substantial increase from 21.45% to 47.16%. This suggests that Altria Group Inc. has been able to effectively manage its operating expenses and increase profitability over this period.
However, in 2020, there was a dip in the operating profit margin to 41.13%, followed by a similar margin of 41.76% in 2019. This indicates some volatility in the company's ability to generate profits from its operations during those years.
Overall, the operating profit margin trend for Altria Group Inc. reflects positive momentum in recent years, with a significant improvement in 2023 indicating strengthened operational performance and financial health.
Peer comparison
Dec 31, 2023