ALTRIA GROUP, INC.(MO)Stock Analysis
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Rank #240 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MO Stock Analysis & AI Quality Score
AI stock analysis and institutional research for ALTRIA GROUP, INC. (MO), a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores MO at 72.1/100 on a 32-signal composite quality model, placing it at rank #240 of 2,879 stocks — the top 10% of the AI-ranked universe. MO scores in the top quartile across balance sheet strength (97.8), revenue scale (93.6), profitability (90.0). Areas of concern include institutional flow (12.1) and revenue growth (24.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), ALTRIA GROUP, INC. reports quarterly revenue of $5.4B, net income of $2.2B, an operating margin of 54.5%. Top institutional holders of MO by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. MO trades on the NYSE exchange and files with the SEC under CIK 764180. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ALTRIA GROUP, INC. directly from SEC EDGAR. ALTRIA GROUP, INC.'s 13F Pro composite quality score has ranged between 8 and 79 since 2021, currently 72.1 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving MO's Business? Latest 10-Q Breakdown
✓ 15/15 datapoints verifiedAI-extracted from ALTRIA GROUP, INC.'s 10-Q filed 2026-04-30 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Altria's Q1 2026 net revenues grew 3.2% to $5.4B on pricing gains in cigarettes and oral products, though volume declined amid consumer income pressures and category headwinds.
Biggest Revenue Drivers
Total revenue: $5,428M+3.2% YoY
Higher pricing partially offset by lower shipment volume and increased discount brand mix
Higher pricing with higher promotional investments partially offset by lower volume and product mix shift to on! nicotine pouches
E-vapor products, Horizon and other business activities
Largest Expense Items
Lower NJOY costs and lower smokeable products volume, partially offset by higher manufacturing costs
2026 refunds of taxes and duties paid on imported cigarettes and lower shipment volume
Lower tobacco litigation items, lower amortization of intangibles and lower general corporate expenses
Margins: Adjusted OCI margin for smokeable products improved 70 basis points to 65.1%, driven by pricing actions and 2026 duty refunds, partially offset by volume mix and manufacturing cost pressures. Oral tobacco adjusted OCI margin declined 180 basis points to 67.4% due to lower volume and product mix shift toward lower-margin oral nicotine pouches.
Watch Items from the Filing
- E-vapor goodwill at $610M remains under impairment pressure; a 1% increase in discount rate would trigger ~$150M additional impairment. NJOY ACE subject to ITC import ban since March 2026 and facing patent litigation risk on NJOY Daily.
- Skoal trademark carrying value of $3.6B has only 7% cushion; hypothetical 1% discount rate increase could trigger $90M impairment if volume declines accelerate further.
- Discount cigarette category reached 33.3% of market (up 2.4 points YoY), driven by consumer discretionary income pressures and inflation, directly competing with Marlboro premium positioning.
- Oral nicotine pouch category grew to 58.1% of oral tobacco category (up 9.1 points); on! share fell 4.2 points in nicotine pouches as synthetic pouch competitors proliferate despite regulatory gaps.
- State Settlement Agreements payment obligations estimated at $3.0B annually subject to inflation escalation; inflation multiplier (higher of 3% or CPI-U) could increase liabilities if price pressures persist.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$5.4B
Net Income
Q1 2026
$2.2B
Free Cash Flow
Q1 2026
$2.2B
Operating Margin
Q1 2026
54.5%
ROIC
Q1 2026
13.8%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-3.1% YoYNet Income
-38.3% YoYOperating Income
-11.9% YoYEPS (Diluted)
-37.0% YoYTotal Assets
-0.5% YoYTotal Debt
+3.1% YoYOp. Cash Flow
+6.1% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $23.28B -3.1% | $24.02B -4.3% | $25.10B -3.5% | $26.01B -0.5% | $26.15B +3.1% | $25.36B |
| Net Income | $6.95B -38.3% | $11.26B +95.4% | $5.76B +132.9% | $2.48B -44.6% | $4.47B -35.8% | $6.96B |
| Operating Income | $9.90B -11.9% | $11.24B -5.7% | $11.92B +3.1% | $11.56B +6.3% | $10.87B +19.3% | $9.12B |
| EPS (Diluted) | $4.12 -37.0% | $6.54 +105.0% | $3.19 +138.1% | $1.34 -44.2% | $2.40 -34.8% | $3.68 |
| Total Assets | $35.02B -0.5% | $35.18B -4.8% | $36.95B -6.5% | $39.52B -16.6% | $47.41B -14.8% | $55.64B |
| Total Debt | $27.28B +3.1% | $26.45B -6.3% | $28.24B -3.1% | $29.15B -5.9% | $30.97B +15.2% | $26.89B |
| Operating Cash Flow | $9.29B +6.1% | $8.75B +6.0% | $8.26B -1.8% | $8.40B +0.2% | $8.38B -0.1% | $8.39B |
AI Insight: MO Financial Trends
Revenue declined 13% from Q2 2024 to Q1 2026 while debt remains elevated at $25.1B despite negative equity position.
• Revenue fell from $6,209M in Q2 2024 to $5,428M in Q1 2026, a 13% decline over seven quarters.
• Operating income dropped from $2,533M in Q2 2024 to $2,956M in Q1 2026 after hitting $3,230M highs.
• Operating cash flow turned negative at -$75M in Q2 2024 but recovered to $2,324M in Q1 2026.
⚠ Equity remains deeply negative at -$3,211M in Q1 2026 with total debt of $25,144M creating leverage concerns.
⚠ Net income volatility ranging from $1,077M to $3,803M suggests inconsistent profitability across quarters.
AI Insight: MO Ratio Trends
Altria's profitability shows extreme quarterly volatility, with operating margin swinging from 28.2% in Q4 2025 to 54.5% in Q1 2026.
• Operating margin recovered sharply to 54.5% in Q1 2026 from 28.2% in Q4 2025.
• Net profit margin improved to 40.2% in Q1 2026 versus 19.1% in Q4 2025.
• ROIC rebounded to 53.9% in Q1 2026 from 27.8% in Q4 2025.
⚠ Profitability metrics exhibit severe quarterly swings, suggesting earnings instability or significant seasonal factors.
⚠ Q4 2025 showed material margin compression across all profitability measures before Q1 2026 recovery.
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Available Research
13F Pro tracks comprehensive data for ALTRIA GROUP, INC. including:
Top Institutional Holders of MO
BlackRock, Inc.
$8.2B124,747,991 shVANGUARD CAPITAL MANAGEMENT LLC
$7.2B108,836,042 shSTATE STREET CORP
$4.8B71,792,319 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$3.6B54,280,109 shGEODE CAPITAL MANAGEMENT, LLC
$3.1B47,022,658 shVANGUARD PORTFOLIO MANAGEMENT LLC
$2.3B35,208,188 shCapital Research Global Investors
$1.7B25,679,912 shMORGAN STANLEY
$1.6B24,455,729 shGQG Partners LLC
$1.6B23,836,839 shAMERIPRISE FINANCIAL INC
$1.4B21,503,069 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $8.2B | 124,747,991 |
| VANGUARD CAPITAL MANAGEMENT LLC | $7.2B | 108,836,042 |
| STATE STREET CORP | $4.8B | 71,792,319 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3.6B | 54,280,109 |
| GEODE CAPITAL MANAGEMENT, LLC | $3.1B | 47,022,658 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.3B | 35,208,188 |
| Capital Research Global Investors | $1.7B | 25,679,912 |
| MORGAN STANLEY | $1.6B | 24,455,729 |
| GQG Partners LLC | $1.6B | 23,836,839 |
| AMERIPRISE FINANCIAL INC | $1.4B | 21,503,069 |
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Popular Research
Is MO a good stock to buy?
13F Pro's AI-powered analysis of ALTRIA GROUP, INC. (MO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Staples sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MO are available on the MO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MO?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ALTRIA GROUP, INC.'s investment landscape.