10-Q quarterly report · filed Oct 30, 2025

Altria (MO) Q3 2025 10-Q Quarterly Report

Short answer

Altria (MO) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $6.1B (down 3.0% year over year) with net income of $2.4B.

Q3 2025 key financials · XBRL

Revenue
$6.1B
−3.0% YoY · −0.5% QoQ
Net income
$2.4B
+3.6% YoY · −0.1% QoQ
Operating margin
53.2%
Gross margin
62.8%
EPS (diluted)
$1.41
+5.2% YoY · +0.0% QoQ

Source: XBRL data from the Altria (MO) Q3 2025 10-Q on SEC EDGAR. USD.

Altria Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $6.072B, down 3.0% YoY from $6.259B Q3 2024, driven by declines in smokeable and oral tobacco segments
  • Operating income $3.230B, up 2.5% YoY from $3.152B; smokeable products OCI margin improved to 64.1% from 63.1% YoY Q3
  • Best performing segment: Smokeable products segment adjusted OCI margin 64.4% vs 63.1% YoY, OCI up 0.7% to $2.956B; Worst: Oral tobacco segment CIO down 1.1%
  • Cash and equivalents $3.5B; operating cash flow $6.019B YTD vs $5.413B prior year, driven by lower payments for settlements and taxes
  • Management notes inflation and discretionary income pressure driving volume declines; continued industry shift to innovative smoke-free products and regulatory uncertainties in e-vapor products affecting outlook

Risk Factors

  • No new or changed risk factors since 2024 10-K and Q1 10-Q
  • Continued exposure to evolving tobacco and nicotine regulatory requirements
  • Ongoing market risk from shifts in consumer preferences for reduced-risk products
  • Operational risk tied to manufacturing disruptions impacting supply chain stability
  • Financial risk from potential liquidity constraints amid capital expenditure commitments

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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