Altria Group logo

Altria Group(MO)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$69.81
09/15/2026
(24-hour delay)

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Upturn Advisory & Investor View for MO

09/15/2026: MO (4-star) is currently NOT-A-BUY. Pass it for now.

Altria Group is a leading U.S.-based tobacco company primarily known for its Marlboro cigarette brand. It operates as a mature, cash-generative business that is well-regarded by income-focused investors for its long history of dividend increases. The company's main opportunity lies in transitioning its consumer base toward smoke-free alternatives, such as oral nicotine pouches and e-vapor products. However, Altria faces significant risks, including the secular decline of cigarette smoking, stringent FDA regulations, and intense competition in the nicotine space. Investors should monitor the company's ability to successfully scale its non-combustible product portfolio while maintaining its dividend sustainability amidst a challenging and evolving industry landscape.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitAltria operates in a mature, declining industry with limited prospects for rapid revenue or earnings expansion.
Momentum investorMixed fitThe stock often trends based on dividend stability rather than explosive price momentum; momentum signals depend on market sentiment toward defensive stocks.
Value investorStrong fitThe company often trades at low P/E multiples, offering a value proposition based on its cash-generative business model.
Dividend investorStrong fitAltria's long history of consistent dividend growth makes it a primary candidate for income-focused portfolios.
Low-risk investorMixed fitWhile dividends are stable, regulatory risks and industry secular decline introduce long-term volatility that may concern low-risk investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock can react sharply to regulatory news or shifts in cigarette volume trends.
Valuation riskLowHistorically low valuation multiples suggest significant valuation risk is mitigated by the stock's income appeal.
Competition risk (Tobacco alternatives)HighIncreasing competition from global peers in nicotine pouches and vapor products threatens market share.
Business qualityMedium / highThe company maintains strong operating margins and brand equity despite industry headwinds.
Dividend incomeStrongThe dividend is the cornerstone of the investment case, though it relies on maintaining cash flow from declining segments.
Execution riskMediumSuccessfully transitioning the product portfolio to non-combustible alternatives is crucial for long-term survival.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 40.63%
Avg. Invested days 64
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/15/2026

Upturn Scorecard

Upturn Star Rating

MO receives a 4-star rating, supported by strong unit economics, solid company fundamentals, and solid quantitative characteristics. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

MO has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 45.1%) and strong profitability (net margin 34.5%) are partially offset by negative earnings growth (-38.3%), slightly negative revenue growth (-1.5%), very low insider ownership of 0.12%.

Financial Health Rating

MO's financial health is supported by strong cash strength, including free-cash-flow generation of $9.1B (45.1% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

Free-cash-flow growth is MO's strongest growth driver at +5.4% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while revenue growth (-1.5%, slightly negative) and earnings growth (-38.3%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 65.2% and approximately 99.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.12%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 7.47%
Vanguard Capital Management, LLC 6.52%
State Street Corp 4.30%
Capital Research Global Investors 3.51%
Charles Schwab Investment Management Inc 3.25%

Unit Economics (Per $1K Revenue)

MO generates approximately $722 of gross profit, $598 of operating income, and $451 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

Effective Tax Rate: 26.01%

Quantitative Style Profile

MO has a high-quality, large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 117.90B USD
Price to earnings Ratio 14.87
1Y Target Price 70
Price to earnings Ratio 14.87
1Y Target Price 70
Volume (30-day avg) 9.0M shares
Beta 0.49
52 Weeks Range 52.17 - 75.85
Updated Date 09/15/2026
52 Weeks Range 52.17 - 75.85
Updated Date 09/15/2026
Dividends yield (FY) 6.15%
Basic EPS (TTM) 4.75

How Company Makes Money

Business areaWhat it includesRetail investor read
Smokeable ProductsMarlboro cigarettes and Black & Mild cigars.This is the core profit engine, though volumes are slowly declining over time.
Oral Tobacco ProductsCopenhagen, Skoal, and on! nicotine pouches.This is a key growth area as consumers move away from traditional smoking.
GeographyExclusively the United States.The company is highly sensitive to U.S. regulatory and legislative changes.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 14.87
Forward PE 11.89
Enterprise Value 137.39B
Price to Sales(TTM) 5.77
Enterprise Value 137.39B
Price to Sales(TTM) 5.77
Enterprise Value to Revenue 6.72
Enterprise Value to EBITDA 11.64
Shares Outstanding 1.67B
Shares Floating 1.67B
Shares Outstanding 1.67B
Shares Floating 1.67B
Percent Insiders 0.12
Percent Institutions 65.16

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

News (Last Updated: 09/15/2026)

About Altria Group

Exchange NYSE
Headquarters Richmond, VA, United States
IPO Launch date 1970-01-02
CEO & Director Mr. Salvatore Mancuso
Sector Consumer Defensive
Industry Tobacco
Full time employees 5900
Full time employees 5900

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. It offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and oral tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand. The company sells its products to distributors, as well as large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia.