Altria Historical Income Statement
| MO Stock | USD 57.74 0.09 0.16% |
Historical analysis of Altria income statement accounts such as Total Revenue of 31.2 B, Gross Profit of 16.3 B or Other Operating Expenses of 22.6 B can show how well Altria Group performed in making a profits. Evaluating Altria income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Altria's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Altria Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Altria Group is a good buy for the upcoming year.
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About Altria Income Statement Analysis
Altria Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Altria shareholders. The income statement also shows Altria investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Altria Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Altria Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Altria Group minus its cost of goods sold. It is profit before Altria operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Altria Group financial statement analysis. It represents the amount of money remaining after all of Altria Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Altria's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Altria Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Altria's Net Income Applicable To Common Shares is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 14.0B | 14.2B | 14.3B | 16.3B | Total Revenue | 26.0B | 25.1B | 24.5B | 31.2B |
Altria income statement Correlations
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Altria Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altria income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 227M | 226M | 257M | 244M | (2.9B) | (2.8B) | |
| Interest Expense | 697M | 1.3B | 1.2B | 1.2B | 989M | 1.0B | |
| Selling General Administrative | 2.2B | 2.2B | 2.4B | 2.3B | 2.8B | 2.6B | |
| Selling And Marketing Expenses | 2.2B | 2.2B | 2.4B | 2.3B | 2.1B | 2.0B | |
| Total Revenue | 25.1B | 26.2B | 26.0B | 25.1B | 24.5B | 31.2B | |
| Gross Profit | 12.7B | 13.0B | 14.0B | 14.2B | 14.3B | 16.3B | |
| Other Operating Expenses | 9.3B | 10.0B | 9.6B | 8.8B | 12.2B | 22.6B | |
| Operating Income | 10.3B | 10.9B | 11.6B | 11.9B | 12.3B | 11.0B | |
| Ebit | 2.1B | 8.1B | 5.0B | 8.5B | 12.3B | 10.3B | |
| Ebitda | 2.3B | 8.4B | 5.3B | 8.7B | 12.3B | 11.3B | |
| Cost Of Revenue | 7.1B | 7.8B | 7.1B | 6.4B | 10.2B | 14.3B | |
| Total Operating Expenses | 9.3B | 10.0B | 9.6B | 8.8B | 2.0B | 1.9B | |
| Income Before Tax | 766M | 6.9B | 3.8B | 7.4B | 10.9B | 9.8B | |
| Total Other Income Expense Net | (9.6B) | (4.0B) | (7.7B) | (4.5B) | (1.4B) | (1.5B) | |
| Net Income | (1.3B) | 4.5B | 2.5B | 5.8B | 8.1B | 6.4B | |
| Income Tax Expense | 2.1B | 2.4B | 1.3B | 1.6B | 2.8B | 2.5B | |
| Research Development | 168M | 131M | 145M | 162M | 220M | 295.5M | |
| Net Income Applicable To Common Shares | (1.3B) | 4.5B | 2.5B | 5.8B | 5.2B | 5.4B | |
| Minority Interest | 5M | 4M | 135M | (13M) | 2M | 0.0 | |
| Net Income From Continuing Ops | (1.3B) | 4.5B | 2.5B | 5.8B | 8.8B | 6.5B | |
| Tax Provision | 2.0B | 2.4B | 1.3B | 1.6B | 2.1B | 2.0B | |
| Interest Income | 445M | 14M | 26M | 70M | 160M | 111.1M | |
| Net Interest Income | (1.3B) | (1.2B) | (1.2B) | (1.1B) | (984M) | (1.0B) | |
| Reconciled Depreciation | 227M | 226M | 257M | 244M | 73M | 170.6M |
Pair Trading with Altria
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altria position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altria will appreciate offsetting losses from the drop in the long position's value.Moving together with Altria Stock
Moving against Altria Stock
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| 0.69 | FMX | Fomento Economico | PairCorr |
| 0.66 | GIS | General Mills | PairCorr |
| 0.59 | ADM | Archer Daniels Midland | PairCorr |
| 0.56 | DOLE | Dole PLC | PairCorr |
The ability to find closely correlated positions to Altria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altria when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altria - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altria Group to buy it.
The correlation of Altria is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altria Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altria can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Tobacco space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altria. If investors know Altria will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altria listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.099 | Dividend Share 3.96 | Earnings Share 5.92 | Revenue Per Share 11.726 | Quarterly Revenue Growth 0.013 |
The market value of Altria Group is measured differently than its book value, which is the value of Altria that is recorded on the company's balance sheet. Investors also form their own opinion of Altria's value that differs from its market value or its book value, called intrinsic value, which is Altria's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altria's market value can be influenced by many factors that don't directly affect Altria's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altria's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altria's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.