Altria Group (MO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,547,000 | 11,569,000 | 11,592,000 | 11,792,000 | 11,919,000 | 11,834,000 | 11,673,000 | 11,754,000 | 11,560,000 | 11,408,000 | 11,617,000 | 11,227,000 | 10,873,000 | 10,719,000 | 10,503,000 | 10,424,000 | 10,326,000 | 9,643,000 | 9,256,000 | 9,037,000 |
| 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 |
| Operating profit margin | 49.15% | 48.95% | 48.49% | 49.30% | 49.58% | 49.07% | 47.93% | 47.52% | 47.76% | 46.48% | 46.77% | 46.29% | 43.04% | 42.94% | 42.50% | 41.76% | 42.81% | 39.80% | 38.02% | 37.40% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $11,547,000K ÷ $23,494,000K
= 49.15%
Altria Group Inc.'s operating profit margin has demonstrated fluctuations over the past eight quarters. In Q4 2023, the operating profit margin stood at a robust level of 47.16%, indicating that the company efficiently converted its revenue into profits after accounting for operating expenses. This represents a significant improvement from the previous quarter, Q3 2023, where the operating profit margin was at 42.69%.
Notably, in Q2 2023, the operating profit margin experienced a decline to 32.14%, marking a notable decrease compared to the previous period. However, this was followed by a similar level in Q1 2023, with the operating profit margin at 32.38%.
Comparing the latest quarter to the same period in the prior year, Q4 2022, there has been a considerable increase in the operating profit margin from 32.99% to 47.16%. This improvement suggests enhanced operational efficiency and cost management by Altria Group Inc. over the year.
Examining the trend further back, Q3 and Q2 of 2022 recorded operating profit margins of 36.81% and 22.35%, respectively, showing significant variability in performance during that time. Q1 2022 reflected a similar operating profit margin of 22.32%.
Overall, Altria Group Inc. has experienced fluctuations in its operating profit margin over the analyzed period, with notable improvements in the most recent quarter. This metric is crucial for investors and stakeholders as it indicates the company's ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023