Altria Group, Inc.

MONYSEConsumer Defensive● Active

$71.61

$-0.58(-0.80%)

Market Cap$119.6B

P/E Ratio—

52W High$74.56

52W Low$54.7

Avg Volume9.4M

Open$72.14

Beta0.50

Overview

Altria Group, Inc. (MO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MO · free cash flow · updated Jun 8, 2026

Core FCF metrics

MO · FCF · TTM · margin & CAGR

Free cash flow was $9.07B for FY2025 (fiscal year ending 2025-12-31), up 5.4% year-over-year The FCF margin was 45.1%. Five-year CAGR stands at +2.2%.

FY2025 Free Cash Flow$9.07B▲ +5.4% YoY

Trailing 12M (TTM)$8.62Btrailing 4 quarters sum

FCF Margin45.1%$9.07B ÷ revenue

3-Year CAGR+4.1%FY2022 → FY2025

5-Year CAGR+2.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$9.29B(216M)$9.07B▲ +5.4%45.1%

FY2024$8.75B(142M)$8.61B▼ 5.3%42.1%

FY2023$9.29B(196M)$9.09B▲ +12.9%44.3%

FY2022$8.26B(205M)$8.05B▼ 2.2%38.9%

FY2021$8.40B(169M)$8.24B▲ +1.0%39.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MO · P/FCF · FCF yield · FCF per share

Altria Group, Inc. (MO) trades at a FCF yield of 7.15% and a price-to-free-cash-flow ratio of 13.9x. FCF per share stands at $5.14, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.15%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.14

TTM FCF ÷ Shares Outstanding

Price / FCF

x13.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x16.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MO · cash flow statement · operating / investing / financing

For FY2025, Altria Group, Inc. generated $9.29B in operating cash flow and spent 216M in capital expenditures, yielding $9.07B in free cash flow.

Operating Activities

+$9.29B

Cash from core business operations

2025-12-31

Investing Activities

−$341.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$7.62B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($9.29B) − |CapEx| (216M) = FCF ($9.07B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

MO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Altria Group, Inc.YOU

$9.07B+5.4%45.1%

61%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Altria Group, Inc. (MO) reported free cash flow of $9.07B for FY2025 (fiscal year ending 2025-12-31), up 5.4% year-over-year. The FCF margin was 45.1%.

Based on available data, Altria Group, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $9.09B in FY2023. The 5-year CAGR stands at +2.2%.

Altria Group, Inc.'s FCF yield is 7.15% and price-to-FCF ratio is 13.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MO free cash flow · 8 questions

Altria Group, Inc. free cash flow was $9.07B for FY2025, up 5.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.62B.

MO free cash flowMO FCFMO FCF 2025MO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Altria Group, Inc. · Altria Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026