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Stocks BTI

British American Tobacco BTI

US equityMarket cap rank #126
$56.19
+$0.34 (+0.61%)
Market open · Sep 24, 1:10 pm ET
After hours $55.90 +0.10%
Open$56.32
Prev close$55.85
Day range$55.92 – $56.52
Volume1.99M
Market cap$120.94B
P/E (TTM)14.6
Dividend yield5.80%

Fundamentals

Latest reported quarter: Q4, ended Dec 2008 · reported in GBP

Revenue£3.42B+26.3% YoY
Operating profit-£2.78B-523.0% YoY
Net profit£604.00M+25.6% YoY
Diluted EPS£0.28+23.3% YoY
Free cash flow£2.53B+69.2% YoY
Operating cash flow£3.07B

Revenue, last 8 quarters

£2.2BMar '07£2.5BJun '07£2.6BSep '07£2.7BDec '07£2.5BMar '08£2.9BJun '08£3.2BSep '08£3.4BDec '08

Net profit, last 8 quarters

£538.0MMar '07£630.0MJun '07£638.0MSep '07£481.0MDec '07£647.0MMar '08£697.0MJun '08£711.0MSep '08£604.0MDec '08

Diluted EPS by quarter

0.24Mar '070.29Jun '070.30Sep '070.22Dec '070.30Mar '080.32Jun '080.33Sep '080.28Dec '08

Free cash flow by quarter

£0.0Mar '07£781.0MJun '07£-781.0MSep '07£1.5BDec '07£0.0Mar '08£1.0BJun '08£-1.0BSep '08£2.5BDec '08

Annual revenue

£25.8BFY20£25.7BFY21£27.7BFY22£27.3BFY23£25.9BFY24£25.6BFY25

Profitability & balance sheet

Gross margin83.6%
Operating margin42.1%
Net margin24.6%
Return on equity13.3%
Return on assets5.8%
Return on invested capital8.9%
Current ratio0.84
Liabilities / assets55.2%
Cash & investments£2.53B
Total debt£31.05B
Net cash (debt)-£28.51B
Free cash flow / sales26.0%

Where the revenue comes from

Quarter 2025/FY

By business line

  • Combustibles£20.20B 78.9%
  • Vapour£1.54B 6.0%
  • Modern Oral£1.17B 4.5%
  • Traditional Oral£1.04B 4.1%
  • Heated Products (HP)£914.00M 3.6%
  • Other£745.00M 2.9%

By region

  • US£11.53B 45.0%
  • Americas and Europe (AME)£9.31B 36.3%
  • Asia-Pacific, Middle East and Africa (APMEA)£4.77B 18.6%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Balance sheet

Line item 2026 Q2
(GBP)
2025 ANNUAL
(GBP)
2025 Q4
(GBP)
2025 Q2
(GBP)
2024 ANNUAL
(GBP)
Total Assets £108.39B £109.29B £109.29B £110.23B £118.90B
Total Current Assets £11.92B £12.68B £12.68B £13.88B £14.29B
Cash and Cash Equivalents & Short-Term Investments £2.53B £3.51B £3.51B £4.89B £3.40B
-Cash and Cash Equivalents £2.52B £3.49B £3.49B £4.40B £2.89B
-Short Term Investments £15.00M £16.00M £16.00M £489.00M £513.00M
-Accounts Receivable £3.85B £3.80B £3.80B £3.48B £3.60B
-Taxes Receivable £465.00M £470.00M £470.00M £108.00M £67.00M
Inventory £4.85B £4.38B £4.38B £5.09B £4.62B
Total Non-Current Assets £96.47B £96.61B £96.61B £96.35B £104.61B
Net PPE £4.22B £4.48B £4.48B £4.16B £4.38B
-Long Term Equity Investment £1.59B £1.52B £1.52B £1.53B £1.90B
Financial Assets £4.00M £135.00M £135.00M £141.00M £110.00M
Goodwill and Other Intangible Assets £87.09B £86.93B £86.93B £86.22B £94.28B
Defined Pension Benefit £919.00M £880.00M £880.00M £841.00M £937.00M
Total Liabilities £59.79B £61.15B £61.15B £63.05B £68.90B
Total Current Liabilities £14.28B £14.52B £14.52B £16.00B £18.74B
Payables £9.58B £10.46B £10.46B £9.42B £11.23B
-Accounts Payable £8.58B £9.33B £9.33B £8.24B £9.55B
-Total Tax Payable £1.00B £1.13B £1.13B £1.17B £1.68B
Short-Term Debt and Capital Lease Obligation £4.02B £3.36B £3.36B £3.30B £4.31B
Current Provisions £599.00M £608.00M £608.00M £3.09B £3.04B
Total Non-Current Liabilities £45.52B £46.62B £46.62B £47.05B £50.16B
Long Term Accounts Payable and Other Payables £35.00M £484.00M £484.00M £586.00M £685.00M
Long Term Debt and Capital Lease Obligation £31.05B £31.71B £31.71B £31.90B £32.64B
Derivative Product Liabilities £156.00M £124.00M £124.00M £150.00M £268.00M
Non-Current Liabilities £3.14B £3.16B £3.16B £3.21B £4.07B
Total Equity £48.60B £48.15B £48.15B £47.18B £50.00B
Stockholders' Equity £48.38B £47.93B £47.93B £46.87B £49.64B
Capital Stock £573.00M £577.00M £577.00M £581.00M £585.00M
-Common Stock £573.00M £577.00M £577.00M £581.00M £585.00M
Additional Paid-In Capital £26.68B £261.00M £261.00M £26.67B £251.00M
Retained Earnings £22.81B £27.31B £27.31B £22.99B £26.02B
Other Equity Interests £1.89B £1.89B £1.89B £1.69B £1.69B
Minority Interests £216.00M £219.00M £219.00M £303.00M £352.00M
Restricted Cash £335.00M £335.00M £2.41B
-Gross PPE £9.28B £9.28B £8.85B
-Accumulated Depreciation -£4.79B -£4.79B -£4.47B
-Available for Sale Securities £277.00M £277.00M £65.00M
-Goodwill £38.92B £38.92B £41.13B
-Other Intangible Assets £48.02B £48.02B £53.15B
-Current Debt £3.21B £3.21B £4.17B
-Current Capital Lease Obligation £153.00M £153.00M £141.00M
-Long Term Debt £31.33B £31.33B £32.19B
-Long Term Capital Lease Obligation £376.00M £376.00M £444.00M
Less: Treasury Stock £4.38B £4.38B £4.41B

Income statement

Line item 2025 ANNUAL
(GBP)
2024 ANNUAL
(GBP)
2023 ANNUAL
(GBP)
2022 ANNUAL
(GBP)
2021 ANNUAL
(GBP)
Total Revenue as Reported £25.61B £25.87B £27.28B £27.66B £25.68B
Total Operating Revenue £25.61B £25.87B £27.28B £27.66B £25.68B
Cost of Revenue £4.23B £4.44B £4.64B £4.55B £4.38B
Gross Profit £21.38B £21.43B £22.64B £23.10B £21.30B
Operating Expense £9.73B £10.80B £31.18B £8.82B £7.94B
Selling and Admin Expenses £1.12B £1.14B £1.18B £1.19B £1.27B
-Selling & Marketing Expense £1.09B £1.11B £1.15B £1.16B £1.24B
-General & Admin Expense £31.00M £30.00M £29.00M £29.00M £27.00M
Research & Development £133.00M £174.00M £181.00M £138.00M £141.00M
-Depreciation & Amortization £2.27B £3.06B £24.00B £1.31B £1.02B
Other Operating Expenses £3.27B £3.73B £3.47B £3.86B £2.98B
Operating Profit £11.66B £10.63B -£8.53B £14.28B £13.36B
Net Non-Operating Interest Income (Expense) -£1.73B -£1.59B -£1.72B -£1.59B -£1.49B
Non-Operating Interest Income £214.00M £251.00M £186.00M £92.00M £35.00M
Non-Operating Interest Expense £1.93B £1.82B £1.89B £1.66B £1.49B
Total Other Finance Costs £17.00M £17.00M £19.00M £21.00M £33.00M
Special Income (Charges) -£1.60B -£7.29B -£7.24B -£3.63B -£3.12B
-Less:Restructuring and Mergern & Acquisition £75.00M
-Less:Other Special Charges £1.03B £7.12B £2.38B £3.38B £2.84B
-Less:Write Off £217.00M £134.00M £250.00M £250.00M £215.00M
Pretax Profit £9.86B £3.54B -£17.06B £9.32B £9.16B
Tax £2.09B £357.00M -£2.87B £2.48B £2.19B
Net Profit £7.77B £3.18B -£14.19B £6.85B £6.97B
Profit from Continuing Operations £7.77B £3.18B -£14.19B £6.85B £6.97B
Minority Interests £1.00M £113.00M £178.00M £180.00M £173.00M
Net Income to Parent Company £7.76B £3.07B -£14.37B £6.67B £6.80B
Other Preferred Stock Dividends £87.00M £42.00M £45.00M £49.00M £12.00M
Net Income to Common Stockholders £7.68B £3.03B -£14.41B £6.62B £6.79B
Basic EPS £3.51 £1.37 -£6.47 £2.93 £2.97
Diluted EPS £3.49 £1.36 -£6.47 £2.92 £2.96
Dividend Per Share £2.40 £2.33 £2.33 £2.18 £2.18
Other Non-Operating Income (Expenses) -£10.00M -£9.00M -£5.00M -£3.00M

Cash flow

Line item 2025 ANNUAL
(GBP)
2024 ANNUAL
(GBP)
2023 ANNUAL
(GBP)
2022 ANNUAL
(GBP)
2021 ANNUAL
(GBP)
Operating Cash Flow £6.34B £10.13B £10.71B £10.39B £9.72B
Net Income from Continuing Operations £7.77B £3.18B -£14.19B £6.85B £6.97B
Deferred Tax £2.09B £357.00M -£2.87B £2.48B £2.19B
Other Non-Cash Items £1.93B £958.00M £2.19B £2.20B £1.92B
Change in Working Capital -£3.91B £5.78B -£469.00M £103.00M -£62.00M
-Change in Receivables -£295.00M -£269.00M -£487.00M -£42.00M -£393.00M
-Change in Inventory £112.00M £35.00M £265.00M -£246.00M £433.00M
Net cash flow from investing £1.39B £1.38B -£296.00M -£705.00M -£1.14B
Net PPE Purchase and Sale -£514.00M -£341.00M -£406.00M -£492.00M -£496.00M
Net Intangibles Purchase and Sale -£122.00M -£83.00M -£114.00M -£130.00M -£218.00M
Net Business Purchase and Sale £1.03B £1.53B £122.00M -£39.00M -£231.00M
Net Investment Purchase and Sale £794.00M £83.00M -£43.00M -£129.00M -£228.00M
Net Other Investing Changes £1.00M
Financing Cash Flow -£8.76B -£10.63B -£9.31B -£8.88B -£8.75B
Net Issuance Payments Of Debt -£118.00M -£2.42B -£1.64B £223.00M -£3.87B
Net Common Stock Issuance -£1.17B -£792.00M -£110.00M -£2.09B -£82.00M
Cash Dividends Paid -£5.24B -£5.21B -£5.06B -£4.92B -£4.90B
Net Other Financing Charges -£231.00M -£123.00M -£476.00M -£112.00M £1.91B
Ending Cash Balance £3.79B £5.10B £4.52B £3.34B £2.46B
Net Change in Cash -£1.03B £868.00M £1.10B £811.00M -£172.00M
Beginning Cash Balance £5.10B £4.52B £3.34B £2.46B £2.89B
Effect of Exchange Rate Changes -£76.00M -£281.00M -£292.00M £431.00M -£253.00M
Free Cash Flow £5.64B £9.52B £10.11B £9.74B £8.97B
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