Altria GroupBSP:MOOO34 +0.18%69 Operating Margin % is 62.13% as of Mar. 2026, which is 15% above its 10-year median of 53.87. GuruFocus rates BSP:MOOO34 with a GF Score™ of 69/100 and a GF Value™ of R$283.88 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 48 Tobacco Products companies, Altria Group ranks better than 97.92% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Altria Group's Operating Income for the
three
months ended in Mar. 2026 was R$15,459 Mil. Altria Group's Revenue for the
three
months ended in Mar. 2026 was R$24,882 Mil. Therefore, Altria Group's Operating Margin % for the quarter that ended in Mar. 2026 was 62.13%.
Good Sign:
Altria Group Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Altria Group's Operating Margin % or its related term are showing as below:
BSP:MOOO34'
s Operating Margin % Range Over the Past 10 Years
Min: 46.08 Med: 53.87 Max: 60.51
Current: 60.51
BSP:MOOO34's Operating Margin % is ranked better than 97.92% of 48
companies
in the Tobacco Products industry
Industry Median: 9.365
vs BSP:MOOO34: 60.51
Altria Group's 5-Year Average Operating Margin % Growth Rate was 2.20% per year.
Altria Group's Operating Income for the
three
months ended in Mar. 2026 was R$15,459 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$66,592 Mil.
Altria Group (BSP:MOOO34) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Altria Group Operating Margin % Related Terms
Altria Group Operating Margin % Historical Data
* Premium members only.
The historical data trend for Altria Group's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:MOOO34 vs TPB, UVV, AIIR: Operating Margin % Comparison
For the Tobacco subindustry, Altria Group's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Altria Group Operating Margin % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Altria Group's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Altria Group's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Altria Group (BSP:MOOO34) has a Operating Margin % of 62.13% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Altria Group and its competitors. This is 15% above median its historical median of 53.87. Over the past decade, Altria Group's Operating Margin % has ranged from 46.08 to 60.51. According to the industry distribution chart, Altria Group ranks #1 out of 48 companies in the Tobacco Products industry, placing it in the top 2.1%.
Is Altria Group's Operating Margin % too high?
Altria Group's current Operating Margin % of 62.13% is 15% above median its 10-year median of 53.87. Over the past 10 years, this metric has ranged from a low of 46.08 to a high of 60.51. The Tobacco Products industry median Operating Margin % is 9.37. Altria Group's value of 62.13% is 563.4% above this industry median. Based on the distribution chart, Altria Group ranks #1 out of 48 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Altria Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altria Group's Operating Margin % compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, Altria Group ranks #1 out of 48 companies for Operating Margin %. This places Altria Group in the top 2% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 9.37. Altria Group's value of 62.13% is 563.4% above this benchmark. Historically, Altria Group's own Operating Margin % has ranged from 46.08 to 60.51 over the past decade. While the company's 10-year median is 53.87 vs. the industry median of 9.37, Altria Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Tobacco Products company?
The median Operating Margin % among Tobacco Products companies is 9.37, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altria Group's current Operating Margin % of 62.13% is 563.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Altria Group and its competitors. For the Tobacco Products industry, the median Operating Margin % is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altria Group's current Operating Margin % is 62.13%, which is 15% above median its own 10-year median of 53.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altria Group stock overvalued right now?
Based on GuruFocus' analysis, Altria Group (BSP:MOOO34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$283.88, compared to a current price of R$374.44 — trading 31.9% above its estimated fair value. The current Operating Margin % is 62.13%, which is 15% above median its 10-year median of 53.87 and 563.4% above the Tobacco Products industry median of 9.37. Altria Group's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Altria Group (BSP:MOOO34), the current Operating Margin % is 62.13% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Altria Group (BSP:MOOO34) Overvalued in 2026?
Based on GuruFocus' analysis, Altria Group stock appears to be overvalued.
The current stock price of R$374.44 is trading 31.9% above its estimated GF Value™ of R$283.88.
GuruFocus considers Altria Group to be Significantly Overvalued.
Key valuation signals for BSP:MOOO34:
Operating Margin %: 62.13% (15% above median its 10-year median of 53.87)
GF Value™: R$283.88 vs. price of R$374.44 (31.9% above fair value)
Industry Position: 563.4% above the Tobacco Products median (#1 of 48)
No single metric tells the full story. See the BSP:MOOO34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 40% share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev, and a 41% stake in cannabis manufacturer Cronos. In reduced-risk products, it acquired vaping company Njoy Holdings in 2023, operates a joint venture with Japan Tobacco in the heated tobacco category for the US, and sells the On brand in nicotine pouches.
69GF Score
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