Q4 25 EPS
$1.30
BEAT +4.39%
Est. $1.25
Q4 25 Revenue
$5.85B
BEAT +27.85%
Est. $4.57B
vs S&P Since Q4 25
+16.8%
BEATING MARKET
MO +21.0% vs S&P +4.1%
Full Year 2025 Results
FY 25 EPS
$5.42
FY 25 Revenue
$23.28B
Market Reaction
Did MO Beat Earnings? Q4 2025 Results
Altria Group delivered a stronger-than-expected fourth quarter, posting adjusted diluted EPS of $1.30 against a consensus estimate of $1.25, a beat of 4.39%, while revenue of $5.85 billion topped expectations by 27.85% and climbed 29.4% year-over-yea… Read more Altria Group delivered a stronger-than-expected fourth quarter, posting adjusted diluted EPS of $1.30 against a consensus estimate of $1.25, a beat of 4.39%, while revenue of $5.85 billion topped expectations by 27.85% and climbed 29.4% year-over-year. The headline numbers, however, masked a more complicated picture: reported diluted EPS fell 63.1% to $0.66, dragged down by $1.30 billion in non-cash impairment charges tied to the NJOY e-vapor segment. The smokeable products business, Altria's core profit engine, saw Q4 net revenues slip 2.7% as domestic cigarette volumes fell 7.9%, with Marlboro's total category share retreating 1.5 points to 39.8% amid illicit e-vapor competition and discount-segment encroachment. Investors are weighing those structural pressures against the company's 20-year dividend growth record and a pending CEO transition. For 2026, Altria guided adjusted diluted EPS of $5.56 to $5.72, implying growth of 2.5% to 5.5%, with results expected to be back-half weighted.
Key Takeaways
- • Higher pricing in smokeable and oral tobacco segments partially offsetting volume declines
- • Fewer shares outstanding from $1 billion in share repurchases during 2025
- • Lower adjusted tax rate of 23.2% for full year 2025 vs. 24.2% prior year
- • Optimize & Accelerate initiative delivering cost savings
- • Equity income from ABI investment of $498 million for full year
MO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MO Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a year of continued momentum for Altria, marked by strong financial performance, strategic progress across our smoke-free portfolio, new relationships in support of our long-term growth goals and significant cash returns to shareholders. For the full year, we grew adjusted diluted earnings per share by 4.4% and returned $8 billion to shareholders through dividends and share repurchases combined.”
— Billy Gifford, Q4 2025 Earnings Press Release
MO Earnings Trends
MO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MO EPS Trend
Earnings per share: estimate vs actual
MO Revenue Trend
Quarterly revenue: estimate vs actual
MO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.32 | — | $5.43B | +18.58% |
| Q4 25 BEAT FY | $1.25 | $1.30 | +4.39% | $5.85B | +27.85% |
| FY Full Year | — | $5.42 | — | $23.28B | — |
| Q3 25 BEAT | $1.45 | $1.45 | +0.12% | $5.25B | -1.05% |
| Q2 25 BEAT | $1.38 | $1.44 | +3.99% | $5.29B | +1.94% |
| Q1 25 BEAT | $1.19 | $1.23 | +3.53% | $5.26B | +13.95% |