MO at a glance
Altria (MO, SEC CIK 764180) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 28, 2026 and Form 4 insider filings as recently as September 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Altria (MO) reported revenue of $23.3 billion (down 3.1% from FY2024) and net income of $6.9 billion. Diluted EPS was $4.12.
- As of June 30, 2026, 65 institutional investment managers tracked by SignalX reported holding Altria (MO) shares worth $37.7 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by McQUADE KATHRYN B. on September 9, 2026 of 1,500 shares at $67.62 per share.
- In the last 90 days, MO insiders reported 1 open-market purchase ($101K) and 0 open-market sales ($0) on Form 4, a net purchase of $101K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $23.3B
- −3.1% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$101K
- 13F holders
- 65 funds
- $37.7B · +2 vs prior quarter
- Latest 8-K
- Aug 28, 2026
- Item 7.01 · Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- ITC-imposed import ban on NJOY ACE (patent suit by JUUL), forced product removal; additional JUUL suit pending over NJOY Daily
- Nicotine extract for innovative smoke-free products sourced from a single country; no alternate source identified
- Illicit flavored disposable e-vapor products now majority of e-vapor category; FDA enforcement "inadequate to date," directly suppressing NJOY volumes
- 2025 goodwill/intangible impairments recorded on e-vapor reporting unit; Skoal trademark impaired in Q2 2024 due to MST category decline
- "Optimize & Accelerate" initiative outsources functions to developing countries, raising geopolitical service-interruption and internal-controls fraud risk
Management Discussion & Analysis
- Net revenues $23.3B, down $739M (3.1%) YoY; smokeable products drove decline at $20.5B vs $21.2B
- Reported net earnings fell 38.3% to $6.95B ($4.12 diluted EPS); adjusted net earnings $9.15B, up 2.4%, adjusted EPS $5.42 vs $5.19
- Best segment: oral tobacco adjusted OCI margin 67.9% vs 67.8%; worst: e-vapor OCI -$2.30B including $1.16B goodwill impairment and $970M intangible impairment
- Operating cash flow $9.3B vs $8.8B; dividends $6.96B; capex $216M (up 52%); $2.0B share repurchase program authorized; long-term debt $25.7B at 2.0x EBITDA
- 2026 capex guided $300M–$375M; tariffs not expected material to costs; e-vapor enforcement delays risk further impairment; adjusted EPS CAGR from 2022 base tracking 3.6% vs mid-single-digit target
Business Overview
- U.S.-focused tobacco portfolio (cigarettes, cigars, MST, oral pouches, e-vapor) sold primarily to domestic wholesalers and retailers
- Horizon joint venture (75% Altria / 25% Japan Tobacco) established for U.S. HTS commercialization; no products yet in marketplace as of Feb 2026
- Cigarette shipment volume fell 10.0% to 61.8B units in 2025; oral tobacco down 5.5% to 732.4M units; cigars bucked trend, up 1.8% to ~1.8B units
- Workforce ~5,900 employees at Dec 31, 2025; "Optimize & Accelerate" initiative launched Oct 2024 centralizing, outsourcing, and automating work enterprise-wide
- NJOY ACE principal e-vapor product subject to ITC exclusion and cease-and-desist orders prohibiting U.S. importation and sale: significant regulatory headwind for e-vapor segment
AI summary of the MO 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Operating cash flow $3,043M, up from $2,925M in first six months
- Investing cash use $166M, up from $79M, driven by manufacturing and innovative-product investments
- Capital expenditure guidance $375M–$450M, raised from $300M–$375M
- Financing cash use $4,988M, up from $4,693M, with higher dividends and lower share repurchases
- Headwinds: illicit products, e-vapor growth, inflation, tariffs, regulation, litigation and shifting consumer preferences
Risk Factors
- Risk Factors section not provided in submitted text
- No new, updated, regulatory, operational, competitive, market, or financial risk factors identifiable
- Submitted pages cover share repurchases, exhibits, certifications, and signature only
AI summary of the MO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Item 7.01 filing content is limited to administrative cover-page and signature materials
- No substantive Regulation FD disclosure or investor-impacting business information provided
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Roderick Presley elected to Altria’s Board on August 28, 2026
- Board addition expands director oversight; filing references Exhibit 99.1 for appointment details
Item 2.02: Results of Operations and Financial Condition
- Filing signed July 30, 2026 by Mary C. Bigelow, Vice President, Corporate Secretary and Associate General Counsel
- Item 2.02 text contains no operating results; investors must review the referenced exhibit for financial performance details
Item EX-99.1: Item EX-99.1
- Q2 adjusted EPS $1.48, up 2.8%; first-half adjusted EPS $2.80, up 4.9%, supporting improved earnings visibility
- 2026 adjusted EPS guidance narrowed to $5.61-$5.72, with the lower bound raised from the prior outlook
Item 5.02: Departure/Appointment of Directors or Principal Officers
- All 10 director nominees elected, preserving Altria’s existing board composition
- 81.64% of outstanding shares represented, with 1,364,466,571 shares voting
AI summaries of MO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MO
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| McQUADE KATHRYN B. | Buy | Sep 9, 2026 | 1,500 | $67.62 |
| KELLY ENNIS DEBRA J | Sell | May 26, 2026 | 5,790 | $72.25 |
| Strahlman Ellen R | Sell | May 26, 2026 | 2,000 | $72.56 |
| McQUADE KATHRYN B. | A | May 14, 2026 | 4,656 | - |
| Mancuso Salvatore | A | May 13, 2026 | 40,634 | - |
| Whitaker Charles N. | Sell | Mar 5, 2026 | 27,908 | $67.57 |
| McCarter Robert A. III | A | Feb 26, 2026 | 5,767 | - |
| McCarter Robert A. III | F | Feb 26, 2026 | 4,517 | $69.70 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $24.0B | $23.3B |
| Gross Profit | - | $14.4B | $14.5B |
| Operating Income | - | $11.2B | $9.9B |
| Net Income | - | $11.3B | $6.9B |
| Gross Margin | - | 59.8% | 62.5% |
| Op. Margin | - | 46.8% | 42.5% |
| Net Margin | - | 46.9% | 29.8% |
| Balance Sheet | |||
| Total Assets | $38.6B | $35.2B | $35.0B |
| Equity | - | -$2.2B | -$3.5B |
| ROE | - | -503.3% | -198.4% |
| Per Share | |||
| EPS | - | $6.54 | $4.12 |
| Cash Flow | |||
| Operating CF | - | $8.8B | $9.3B |
| CapEx | $196.0M | $142.0M | $216.0M |
Source: XBRL data in Altria (MO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 65 | $37.67B |
| Q1 2026 | 63 | $34.82B |
| Q4 2025 | 62 | $31.40B |
| Q3 2025 | 64 | $36.71B |
| Q2 2025 | 61 | $31.40B |
| Q1 2025 | 61 | $23.54B |
| Q4 2024 | 56 | $17.34B |
| Q3 2024 | 49 | $8.32B |
- BlackRock+1.33M (+1%)
- Raymond James Financial+750.0K (+13%)
- Goldman Sachs Group+749.5K (+6%)
- AQR Capital Management+610.5K (+11%)
- Ameriprise Financial+544.3K (+3%)
- Millennium Management−1.76M (-80%)
- Morgan Stanley−1.75M (-7%)
- State Street Corp−1.60M (-2%)
- Vanguard Portfolio Management LLC−1.49M (-4%)
- JPMorgan Chase & Co−848.7K (-7%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 481 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 11, 2026 | - | - | - |
| 8-K | Aug 28, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | May 28, 2026 | - | - | |
| 4 | May 28, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 4 | May 15, 2026 | - | - | |
| 10-Q | Apr 30, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 30, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
| 4 | Feb 27, 2026 | - | - | - |
| 4 | Feb 27, 2026 | - | - | - |
| 4 | Feb 27, 2026 | - | - | - |
| 4 | Feb 27, 2026 | - | - | - |
| 4 | Feb 27, 2026 | - | - | - |
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MO SEC filings: frequently asked questions
Are MO insiders buying or selling?
In the last 90 days, Altria (MO) officers, directors and 10% owners reported 1 open-market purchase worth $101,430 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold MO stock?
As of June 30, 2026, the largest Altria (MO) holders among the 13F filers tracked by SignalX were BlackRock ($9.1 billion), Vanguard Capital Management LLC ($7.8 billion), State Street Corp ($5.1 billion), Vanguard Portfolio Management LLC ($2.4 billion), Morgan Stanley ($1.6 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MO's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Altria (MO) reported revenue of $23.3 billion (down 3.1% from FY2024) and net income of $6.9 billion. Diluted EPS was $4.12. The figures come from the XBRL data in the 10-K.
What are the main risks in MO's latest 10-K?
In the 10-K filed February 25, 2026, Altria (MO) flagged: ITC-imposed import ban on NJOY ACE (patent suit by JUUL), forced product removal; additional JUUL suit pending over NJOY Daily. Nicotine extract for innovative smoke-free products sourced from a single country; no alternate source identified. (AI summary of the Risk Factors section.)
What did MO report in its latest 8-K?
Altria (MO) filed an 8-K on August 28, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). Item 7.01 filing content is limited to administrative cover-page and signature materials.
What are the latest MO SEC filings?
Altria (MO) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 28, 2026 and a Form 4 insider filing on September 11, 2026.
What is MO's SEC CIK number?
Altria (MO)'s SEC Central Index Key (CIK) is 764180. EDGAR lists every MO filing under that number.
Ask anything about MO
The research agent reads MO's filings, financials, insider trades and 13F holders, then answers with sources.