NYSE$MO

Altria Group Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Altria reported Q2 2025 net revenues of $6.29B with net earnings of $3.4B and diluted EPS of $2.04.

Net revenues were $6.29 billion as smokeable products pricing offset volume declines. Net earnings were $3.4 billion; diluted EPS was $2.04. Oral tobacco and NJOY investments shape the smoke-free transition narrative.

  • Q2 net revenues $6.29B.
  • Net earnings $3.4B; diluted EPS $2.04.
  • Pricing on smokeable products supports revenue.
  • Regulatory and illicit vape competition are risks.

Headline financials

Total Revenue

$6.1B

Previous: $6.21B-1.7%
EPS (adj)

$2.04

Previous: $2.21-7.7%
Capital Expenditures

-$70M

Previous: -$64M-9.4%
Free Cash Flow

$2.31B

Previous: $3.74B-38.3%
Net Income

$2.38B

Previous: $3.8B-37.5%
Operating Income

$3.23B

Previous: $2.53B+27.5%
Gross Profit

$3.85B

Previous: $3.68B+4.8%
Cash & Equivalents

$1.29B

Previous: $1.8B-28.5%
Total Assets

$32.3B

Previous: $34.4B-6.0%

Revenue & EPS history

Altria · Revenue · Quarterly

$6.1B

Q2 2025-1.7%vs Q2 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Altria · $6.26B total across 2 segments · Q3 2023

  • Smokeable Products
    $5.57B-5.3%
  • Oral Tobacco Products
    $685M+2.2%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

47%

34 / 72 earnings

Positive

+6.7%

Q3 2024

Best reaction

-8.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%+6.7%+2.1%
Q4 2025-5.2%+1.6%+9.4%
Q3 2025-7.8%-7.5%-4.8%
Q2 2025+3.6%+4.3%+13.2%
Q1 2025+1.0%+2.4%+2.2%
Q4 2024-2.1%-0.1%+6.1%
Q3 2024+6.7%+7.3%+14.3%
Q2 2024-1.0%-2.4%+6.4%
Q1 2024+1.1%+2.1%+6.0%
Q4 2023+3.1%+1.2%+1.8%
Q3 2023-8.2%-6.2%-3.2%
Q2 2023-1.9%-3.1%-2.6%
Q1 2023+1.8%+1.0%-4.5%
Q4 2022+4.3%+4.3%+3.3%
Q3 2022+0.0%-0.4%-3.4%
Q2 2022-0.5%-0.5%+4.1%
Q1 2022+1.2%+0.9%-0.9%
Q4 2021+2.0%+2.4%+4.1%
Q3 2021-7.1%-7.1%-7.9%
Q2 2021+0.9%+0.4%+4.0%
Q1 2021+1.2%+1.4%+4.3%
Q4 2020-1.8%-0.6%+4.3%
Q3 2020-1.1%+3.3%+9.5%
Q2 2020-1.2%-2.3%+3.8%
Q1 2020-6.3%-9.1%-3.5%
Q4 2019-5.1%-7.2%-19.4%
Q3 2019-2.0%+0.6%+8.1%
Q2 2019-6.4%-4.7%-12.0%
Q1 2019-3.5%-0.7%-4.2%
Q4 2018+2.9%+2.6%+10.4%
Q3 2018+1.3%+5.7%-13.8%
Q2 2018+0.1%+1.4%+1.6%
Q1 2018+0.5%+0.3%-0.4%
Q4 2017-1.3%-5.4%-11.1%
Q3 2017+1.8%+0.7%+2.6%
Q2 2017-6.7%-8.7%-10.7%
Q1 2017-0.8%+0.2%+6.5%
Q4 2016+0.4%+0.2%+6.2%
Q3 2016+2.1%+1.5%-0.1%
Q2 2016-1.2%-0.4%-3.1%
Q1 2016+1.9%
Q4 2015+3.6%
Q3 2015-1.6%
Q2 2015-1.9%
Q1 2015-0.1%
Q4 2014-1.1%
Q3 2014+1.6%
Q1 2014+2.1%
Q4 2013-3.3%
Q3 2013-0.4%
Q2 2013-3.6%
Q1 2013+1.5%
Q4 2012+1.5%
Q3 2012-1.2%
Q2 2012-0.3%
Q1 2012-0.2%
Q4 2011+1.4%
Q3 2011+1.1%
Q2 2011+0.7%
Q1 2011-0.5%
Q4 2007+2.7%
Q4 2010+2.7%
Q3 2010+1.2%
Q2 2010-1.4%
Q1 2009+1.2%
Q1 2010+0.9%
Q4 2009+2.2%
Q3 2008-0.5%
Q3 2009-0.5%
Q4 2008-0.7%
Q2 2009-0.7%
Q2 2008-0.7%

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