Altria Group (MO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 10,928,000 | 7,389,000 | 3,824,000 | 6,903,000 | 771,000 |
| Revenue | US$ in thousands | 23,494,000 | 24,038,000 | 24,202,000 | 24,944,000 | 23,830,000 |
| Pretax margin | 46.51% | 30.74% | 15.80% | 27.67% | 3.24% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $10,928,000K ÷ $23,494,000K
= 46.51%
The pretax margin of Altria Group Inc. has shown a consistent improvement over the past five years, indicating a strong trend in the company's profitability before taxes. From a low of 3.05% in 2019, the pretax margin surged to 44.64% in 2023. This substantial increase demonstrates a remarkable enhancement in the company's ability to generate profits relative to its total revenue. The consistent upward trajectory in pretax margin signifies the effectiveness of Altria's cost management strategies, revenue growth initiatives, and overall operational efficiency. This positive trend bodes well for the company's financial health and demonstrates its ability to generate value for its stakeholders.
Peer comparison
Dec 31, 2023