MO Altria Group margins

Relative Growth: Rel. Growth: 42

Relative Strength: Rel. Strength: 61

Relative Valuation: Rel. Valuation: 55

Relative Profitability: Rel. Profitability: 60

Gross margin

63%

Operating margin

46.8%

EBITDA margin

49.9%

Net margin

34%

Based on the latest figures, Altria Group reports a gross margin of 63%, an operating margin of 46.8%, an EBITDA margin of 49.9%, and a net margin of 34%. Gross margin headed the available margin improvements with a 1.5 percentage-point increase, while net margin dropped by 3.2 percentage points.

MO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Altria Group recorded average margins of 60.68% gross, 46.19% operating, 54.06% EBITDA, and 37.85% net. Altria Group's current performance shows that gross and operating margins are above their three-year averages and EBITDA and net margins are below their three-year averages.

MO margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 1.5 percentage points, while EBITDA margin contracted by 0.8 percentage points and net margin by 3.2 percentage points.

Gross margin expansion

1.5pp

Operating margin expansion

0pp

EBITDA margin expansion

-0.8pp

Net margin expansion

-3.2pp

MO Gross margin

Altria Group's gross margin averaged 60.68% during the last 3 years. Compared with its three-year average, Altria Group's current gross margin is 63% and is 2.3 percentage points above its three-year average. Over the last 3 years, Altria Group's gross margin peaked at 63.1% in Mar 2026 and reached a low of 58.3% in Dec 2023.

MO Operating margin

Over the last 3 years, the average operating margin for Altria Group was 46.19%. The latest operating margin for Altria Group is 46.8%, 0.6 percentage points above its three-year average. Altria Group's operating margin ranged from a low of 42.5% in Dec 2025 to a high of 47.5% in Sep 2025.

MO EBITDA margin

Over the last 3 years, the average EBITDA margin for Altria Group was 54.06%. Against its three-year average, Altria Group's EBITDA margin is currently 49.9%, 4.2 percentage points below its three-year average. Altria Group's EBITDA margin ranged from a low of 46.1% in Dec 2025 to a high of 62.4% in Dec 2024.

MO Net margin

Over the last 3 years, Altria Group's net margin averaged 37.85%. Currently, Altria Group's current net margin is 34%, which is 3.9 percentage points below its three-year average. During this period, net margin reached a high of 46.9% in Dec 2024 and a low of 29.8% in Dec 2025.

MO margin group comparison

Margins compared with peer-group, industry and sector averages

Altria Group's gross margin of 63% is above the Consumer Defensive sector and the industry average. Compared to its Consumer Defensive sector average of 36.5%, Altria Group's gross margin is 73% higher.

MO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Altria Group's gross margin?

For the period ending Jun 30, 2026, MO recorded a gross margin of 63%.

What is Altria Group's operating margin?

For the period ending Jun 30, 2026, MO recorded an operating margin of 46.8%.

What is Altria Group's EBITDA margin?

The current EBITDA margin for MO is 49.9% as of Jun 30, 2026.

What is Altria Group's net margin?

The current net margin for MO is 34% as of Jun 30, 2026.

What are the average margins of MO?

Over the last 3 years, Altria Group's margins averaged 60.7% gross, 46.2% operating, 54.1% EBITDA, and 37.9% net.

What are the highest historical margins of MO?

Over this 5-year history, MO peaked at 63.1% gross in Mar 2026, 47.5% operating in Sep 2025, 62.4% EBITDA in Dec 2024, and 46.9% net in Dec 2024.

What are the lowest historical margins of MO?

Over this 5-year history, Altria Group's margins fell as low as 53.8% gross in Dec 2021, 42.5% operating in Dec 2025, 18.1% EBITDA in Jun 2022, and 6.9% net in Jun 2022.