Altria Group (MO)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 11,264,000 | 10,285,000 | 10,158,000 | 8,472,000 | 8,130,000 | 8,760,000 | 6,815,000 | 5,587,000 | 5,755,000 | 4,686,000 | 1,743,000 | 3,000,000 | 2,466,000 | 2,767,000 | 4,537,000 | 4,331,000 | 4,460,000 | 729,000 | -919,000 | -865,000 |
| Total stockholders’ equity | US$ in thousands | -2,238,000 | -3,468,000 | -3,016,000 | -5,114,000 | -3,540,000 | -3,407,000 | -3,827,000 | -3,876,000 | -3,973,000 | -4,232,000 | -2,403,000 | -1,760,000 | -1,606,000 | -1,267,000 | 3,257,000 | 2,913,000 | 2,925,000 | 3,232,000 | 5,786,000 | 6,543,000 |
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 139.30% | 148.68% | 152.48% | 22.56% | -15.88% | -13.22% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $11,264,000K ÷ $-2,238,000K
= —
Altria Group's return on equity (ROE) has shown significant fluctuations over the past few quarters. The ROE was negative in the first two quarters of 2020, indicating that the company's net income was not sufficient to cover shareholders' equity, which could be a concerning sign for investors.
However, there was a substantial improvement in the ROE in the following quarters of 2020, where it surged to 22.56% in September and further increased to 152.48% by the end of December 2020. This sharp increase suggests that Altria Group was able to generate substantial profits relative to its shareholders' equity during this period.
The trend continued into the first half of 2021, with ROE figures remaining well above 100% in each subsequent quarter. This indicates that Altria Group was highly efficient in utilizing its equity to generate profits for shareholders.
Interestingly, the ROE data becomes unavailable after September 2021, as indicated by the placeholder (\u2014) for subsequent quarters. This lack of information makes it challenging to assess the company's recent performance and its ability to generate returns on equity.
In conclusion, Altria Group's ROE experienced notable fluctuations, with periods of both negative and exceptionally high returns. The absence of data for the latter half of 2021 and beyond limits the ability to provide a current assessment of the company's return on equity performance.
Peer comparison
Dec 31, 2024