Altria Group, Inc. (MO) Stock

Altria Group, Inc. (MO) is a Consumer Staples stock trading at $70.52 (as of 2026-07-15), with a market capitalization of $117.75B and a trailing P/E of 14.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. Its portfolio includes cigarettes, cigars and pipe tobacco, moist smokeless tobacco, and oral nicotine pouches, sold mainly to wholesalers/distributors and large retail organizations such as chain stores.

Understand Altria Group, Inc.: how it makes money

Altria Group manufactures and sells smokeable and oral tobacco products in the United States, including Marlboro cigarettes and brands like Black & Mild and Copenhagen, and makes money by selling primarily to wholesalers and large retail organizations.

The profit engine is dominated by Smokeable products, which are the majority of net revenues in the provided segment data, while Oral tobacco products are smaller.

Revenue by segment (latest quarter)
Smokeable	$4.6B
Oral	$0.7B

Business quality (Mixed): Clear product mix split between Smokeable and Oral in the provided segment data, but the dataset here has limited detail on volumes, pricing, and how excise taxes and channel terms affect operating results.

Valuation: At 14× earnings, MO trades 34% below the Tobacco Products average (22×). Note: one-time items can distort reported P/E.

Bull case

Broad portfolio of cigarette and oral tobacco brands: The company sells smokeable products (primarily Marlboro, plus Black & Mild) and moist smokeless tobacco and on! oral nicotine pouches (including Copenhagen and Skoal brands), which supports multiple sources of revenue within tobacco.
Wholesale and large retail distribution: Products are sold primarily to wholesalers and large retail organizations such as chain stores, which can help reach a wide customer base through established channels.

Bear case

High reliance on the Smokeable segment: In the provided segment data, Smokeable products make up most net revenues, so weaker Smokeable performance would likely weigh more than changes in Oral.
Excise-tax effects are part of how results are measured: The presence of a key operating metric that strips out excise taxes (Revenues net of excise taxes) highlights that excise taxes matter to reported performance, and adverse tax-related changes could pressure economics.

Valuation — source: SEC EDGAR (first-party)
Price	$70.52
Market Cap	$117.75B
P/E Ratio	14.6
EV / EBITDA	12.2
Price / Sales	5.02
FCF Yield	7.3%
DCF Value (model)	$93.54
DCF Upside vs Price	32.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$23.28B
Net Margin	29.8%
Revenue Growth (YoY)	3.2%
EPS Growth (YoY)	106.3%
FCF Growth (YoY)	-16.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	4.74 (safe)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	14.6
Sector P/E (Consumer Staples)	25.7
Industry P/E (Tobacco Products)	20.8
vs Sector	-43.0%
vs Industry	-29.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($9.28B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Consumer Staples
Industry	Tobacco Products
CEO	William F. Gifford Jr.
Employees	14,654
Country	US
IPO Date	1985-07-01

Related Companies (Business model: Branded Consumer (CPG, Staples, Beauty, Alcohol, Pet, Nicotine); 8 closest by market cap; US-domiciled)

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.