Altria Group (MO)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 13,658,000 | 13,616,000 | 13,498,000 | 11,188,000 | 10,928,000 | 10,897,000 | 8,396,000 | 7,195,000 | 7,389,000 | 6,965,000 | 3,256,000 | 4,560,000 | 3,824,000 | 4,085,000 | 7,063,000 | 6,719,000 | 6,890,000 | 3,126,000 | 1,322,000 | 1,358,000 |
| Revenue (ttm) | US$ in thousands | 20,444,000 | 20,362,000 | 20,295,000 | 20,456,000 | 20,502,000 | 20,561,000 | 20,696,000 | 20,632,000 | 20,688,000 | 20,691,000 | 20,810,000 | 21,050,000 | 21,111,000 | 21,080,000 | 21,227,000 | 20,675,000 | 20,841,000 | 20,588,000 | 20,322,000 | 20,453,000 |
| Pretax margin | 66.81% | 66.87% | 66.51% | 54.69% | 53.30% | 53.00% | 40.57% | 34.87% | 35.72% | 33.66% | 15.65% | 21.66% | 18.11% | 19.38% | 33.27% | 32.50% | 33.06% | 15.18% | 6.51% | 6.64% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $13,658,000K ÷ $20,444,000K
= 66.81%
The pretax margin of Altria Group has shown fluctuating trends over the last few quarters. Starting from March 31, 2020, with a margin of 6.64%, there was a slight decrease to 6.51% by June 30, 2020. The margin then saw a significant improvement, reaching 15.18% by September 30, 2020, and further increased to 33.06% by December 31, 2020.
In the following quarters, the pretax margin remained relatively high, with values above 30% up to September 30, 2021. However, there was a notable decline in the margin in the first half of 2022, with a decrease to 15.65% by June 30, 2022. The margin then saw a sharp rebound, reaching 40.57% by June 30, 2023, and continued to increase significantly to 66.81% by December 31, 2024.
Overall, Altria Group's pretax margin has shown both positive and negative fluctuations, indicating variability in the company's profitability before taxes. Recent quarters have demonstrated a strong recovery and substantial growth in pretax margin, suggesting improvements in the company's operational efficiency and cost management strategies.
Peer comparison
Dec 31, 2024