Altria Group (MO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 10,928,000 | 10,897,000 | 8,396,000 | 7,195,000 | 7,389,000 | 6,965,000 | 3,254,000 | 4,557,000 | 3,824,000 | 4,087,000 | 7,071,000 | 6,733,000 | 6,903,000 | 3,142,000 | 1,336,000 | 1,366,000 | 771,000 | 3,698,000 | 8,431,000 | 8,387,000 |
| 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 |
| Pretax margin | 46.51% | 46.11% | 35.12% | 30.08% | 30.74% | 28.88% | 13.36% | 18.42% | 15.80% | 16.65% | 28.47% | 27.76% | 27.33% | 12.59% | 5.41% | 5.47% | 3.20% | 15.26% | 34.63% | 34.71% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,928,000K ÷ $23,494,000K
= 46.51%
The pretax margin of Altria Group Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 44.64%, which was higher compared to the previous quarter (Q3 2023) at 44.26%. This indicates that the company was able to generate more pre-tax income relative to its revenue in Q4 2023.
The pretax margin had a noticeable increase from Q3 2022 to Q4 2022, reflecting an upward trend in profitability. However, there was a significant decline in the pretax margin in Q1 and Q2 2023, with values of 28.87% and 33.74% respectively. This suggests a potential decrease in profitability during those quarters.
Overall, it is important to further investigate the factors influencing these fluctuations in the pretax margin to better understand the company's financial performance and future prospects.
Peer comparison
Dec 31, 2023