Altria Group (MO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 13,658,000 | 10,928,000 | 7,389,000 | 3,824,000 | 6,890,000 |
| Revenue | US$ in thousands | 20,444,000 | 24,483,000 | 25,096,000 | 26,013,000 | 26,153,000 |
| Pretax margin | 66.81% | 44.64% | 29.44% | 14.70% | 26.34% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $13,658,000K ÷ $20,444,000K
= 66.81%
Based on the provided data, Altria Group's pretax margin has shown significant fluctuations over the years.
In December 31, 2020, the pretax margin was reported at 26.34%, indicating that the company was generating a healthy level of profit before taxes relative to its revenue. However, by December 31, 2021, the pretax margin decreased to 14.70%, reflecting a notable decline in profitability.
The trend reversed in the following years, with the pretax margin recovering and even surpassing the initial level. By December 31, 2022, the pretax margin increased to 29.44%, signaling an improvement in profitability. Subsequently, in December 31, 2023, the pretax margin rose significantly to 44.64%, demonstrating a substantial boost in profitability.
The most recent data point, as of December 31, 2024, reveals a remarkable pretax margin of 66.81%, indicating that Altria Group has achieved a substantial increase in profitability, possibly due to effective cost management, revenue growth, or other strategic initiatives.
Overall, the data suggests that Altria Group's pretax margin has experienced fluctuations, both decline and recovery, over the years, showcasing the company's ability to adapt to changing market conditions and improve its financial performance.
Peer comparison
Dec 31, 2024