Altria Group (MO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 60.80% | 60.48% | 59.79% | 59.38% | 59.26% | 58.27% | 57.59% | 56.98% | 57.81% | 56.32% | 55.83% | 55.34% | 51.56% | 51.92% | 51.56% | 51.17% | 52.70% | 51.80% | 50.56% | 50.20% |
| 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% |
| 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% |
| Net profit margin | 34.60% | 37.06% | 28.52% | 23.38% | 23.98% | 19.48% | 7.19% | 12.17% | 10.23% | 11.31% | 18.30% | 17.89% | 17.68% | 2.94% | -3.70% | -3.45% | -5.36% | 7.29% | 25.92% | 25.61% |
Altria Group Inc. has exhibited stable gross profit margins, averaging around 74%, over the past eight quarters. This indicates the company's ability to effectively manage its cost of goods sold.
The operating profit margin fluctuated during the period, with Q4 2023 showing a significant improvement compared to the preceding quarters, reaching 47.16%. This suggests that Altria Group Inc. has been able to enhance its operational efficiency and control operating expenses.
The pretax margin has also shown variability, with Q4 2023 reflecting a notable increase to 44.64%. This improvement indicates better management of non-operating expenses or increased revenue generation before accounting for taxes.
The net profit margin has varied over the quarters, with Q4 2023 reporting a net profit margin of 33.14%. This profitability ratio depicts how well the company is managing its overall expenses, including taxes, and generating profits for its shareholders.
Overall, Altria Group Inc. has demonstrated satisfactory levels of profitability based on these ratios, with some quarters showing significant improvements in operational and net profit margins. It is crucial for investors and stakeholders to continue monitoring these ratios to assess the company's financial health and performance.
Return on investment
| 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 return on assets (Operating ROA) | 29.94% | 31.72% | 31.20% | 32.02% | 32.25% | 34.85% | 31.77% | 29.21% | 29.25% | 28.83% | 26.17% | 23.02% | 22.93% | 22.98% | 20.92% | 19.81% | 20.96% | 18.22% | 16.10% | 15.26% |
| Return on assets (ROA) | 21.08% | 24.02% | 18.35% | 15.18% | 15.60% | 13.84% | 4.77% | 7.48% | 6.26% | 7.01% | 10.24% | 8.90% | 9.42% | 1.57% | -1.82% | -1.64% | -2.62% | 3.34% | 10.97% | 10.45% |
| Return on total capital | 53.53% | 56.24% | 57.25% | 58.46% | 56.35% | 57.40% | 51.55% | 49.71% | 45.63% | 44.29% | 36.88% | 36.11% | 35.29% | 34.70% | 31.61% | 31.10% | 31.04% | 25.75% | 22.27% | 21.99% |
| Return on equity (ROE) | — | — | — | — | — | — | — | — | — | — | 139.55% | 148.95% | 157.34% | 23.38% | -16.07% | -13.16% | -20.78% | 16.75% | 43.62% | 43.96% |
Altria Group Inc.'s profitability ratios reflect strong performance over the quarters analyzed. The Operating Return on Assets (Operating ROA) has shown a positive trend, ranging from 15.50% to 29.94%, indicating the company's ability to generate profit from its assets through its core operations. The Return on Assets (ROA) also demonstrates an improving trend, increasing from 4.74% to 23.98%, showcasing the efficient utilization of assets to generate profits.
Moreover, the Return on Total Capital has been consistently high, ranging from 17.17% to 54.12%, highlighting the company's ability to generate returns for both equity and debt providers. However, it's worth noting that the Return on Equity (ROE) data is absent from the table provided, which could provide further insights into the profitability specifically for shareholders.
Overall, Altria Group Inc.'s profitability ratios indicate strong performance and effective management of assets and capital to generate profits over the quarters analyzed.