British American Tobacco p.l.c. logo BTI - British American Tobacco p.l.c.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 12
HOLD 4
SELL 2
STRONG
SELL 0
| PRICE TARGET: $40.00 DETAILS
HIGH: $40.00
LOW: $40.00
MEDIAN: $40.00
CONSENSUS: $40.00
DOWNSIDE: 38.80%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 25,610 25,867 27,283 27,655 25,684 25,776 25,877 24,492 19,564 14,130 12,536 13,971 15,260 15,190 15,399 14,883 14,208 12,122 10,018 9,762 9,325 10,768 25,622 24.7 11,371 10,915 9,072 7,120 7,152 7,241 6,771
Cost of Revenue 4,226 4,436 4,891 4,804 4,597 4,447 4,461 4,597 5,033 3,733 3,033 3,030 3,243 3,312 3,426 3,707 3,948 3,316 2,772 2,872 2,760 0 0 0 0 0 0 0 0 0 0
Gross Profit 21,384 21,431 22,392 22,851 21,087 21,329 21,416 19,895 14,531 10,397 9,503 10,941 12,017 11,878 11,973 11,176 10,260 8,806 7,246 6,890 6,565 10,768 25,622 24.7 11,371 10,915 9,072 7,120 7,152 7,241 6,771
Operating Expenses
R&D Expenses 0 380 408 323 304 307 376 105 191 144 148 154 161 93 81 82 51 50 43 36 29 29 73 62 59 59 58 45 42 37 43
SG&A Expenses 1,123 3,951 3,856 3,829 3,808 3,760 2,874 3,000 2,612 2,105 1,952 2,068 2,363 15.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 10,264 14,230 33,879 8,176 6,741 7,300 8,550 79 136 170 (3,047) (3,678) (3,630) (3,605) (1,314) (1,226) (1,082) (954) (898) (888) (784) (252) 292 (0.1) 0 0 0 0 0 0 0
Operating Expenses 11,387 18,561 38,143 12,328 10,853 11,367 11,800 9,978 16,011 3,575 3,154 5,655 5,758 6,466 10,423 10,197 10,009 5,375 4,417 4,261 4,218 8,385 22,916 22.1 8,758 8,356 7,156 5,528 5,307 5,615 5,131
Operating Income
Operating Income 9,997 2,736 (15,751) 10,523 10,234 9,962 10,413 10,032 7,169 5,256 4,934 5,036 5,780 5,412 4,721 4,318 4,101 3,572 2,904 2,622 2,420 3,760 1,852 2.2 2,176 1,784 1,479 1,011 1,303 1,714 1,646
Interest Expense 1,819 1,098 1,887 1,663 1,491 1,784 1,812 1,484 1,197 681 584 484 532 505 567 583 602 535 382 410 373 368 209 0.2 409 489 370 355 368 340 306
Interest Income 0 0 186 92 35 50 1,704 1,566 1,015 577 494 438 460 49 82 60 85 131 111 122 106 112 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 11,758 7,737 13,275 12,226 11,190 11,777 10,063 10,528 30,517 5,236 5,611 5,140 6,173 6,647 6,315 4,925 4,703 4,141 3,795 3,527 2,861 2,996 2,379 2,784 2,870 2,412 2,091 1,390 1,482 2,197 1,987
EBIT 9,756 4,636 12,641 11,502 10,241 10,943 9,132 9,538 29,700 4,693 6,436 5,436 6,413 6,172 5,498 4,971 4,682 4,219 3,459 3,174 2,957 4,001 1,902 2,446 2,474 2,011 1,741 1,093 1,243 1,966 1,766
Income Before Tax 9,859 3,538 (17,061) 9,324 9,163 8,672 7,912 8,351 29,527 6,245 5,855 4,848 5,799 5,648 4,931 4,388 4,080 3,684 3,077 2,764 2,584 3,630 1,567 2.1 2,065 1,522 1,371 738 875 1,626 1,460
Income Tax Expense 2,094 357 (2,872) 2,478 2,189 2,108 2,063 2,141 (8,129) 1,406 1,333 1,455 1,600 1,526 1,556 1,248 1,124 1,025 790 716 690 673 779 0.8 886 660 673 277 357 520 490
Net Income 7,764 3,068 (14,367) 6,666 6,801 6,400 5,704 6,032 37,533 4,648 4,290 3,115 3,904 3,841 3,095 2,879 2,713 2,457 2,130 1,896 1,767 2,827 631 1.2 1,010 692 556 346 412 988 860
Per Share Data
EPS (Basic) 3.51 1.37 -6.49 2.93 2.97 2.80 2.50 2.68 18.34 2.50 2.31 1.67 2.05 1.98 1.57 1.45 1.37 1.23 1.05 0.92 0.84 1.13 0.27 0.51 0.44 0.30 0.25 0.22 0.27 0.64 0.56
EPS (Diluted) 3.49 1.36 -6.47 2.92 2.96 2.79 2.49 2.66 18.28 2.49 2.30 1.67 2.05 1.97 1.56 1.44 1.36 1.23 1.04 0.91 0.84 1.13 0.27 0.50 0.44 0.30 0.25 0.22 0.26 0.64 0.56
Shares Outstanding 2,187 2,214 2,221.9 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7 2,253.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 3,827 5,297 2,363 3,446 2,809 3,139 2,526 2,602 3,291 2,204 2,161 2,309 1,851 2,283 1.8 1,968 1,667 1,853 970 1,310 1,399 1,231
Short-Term Investments 16 513.4 601 579 456 242 123 178 65 15 57 79 86 108 0.2 331 221 768 185 166 293 221
Net Receivables 3,802 2,855 3,793 4,516 4,068 3,800 3,369 2,868 3,306 2,696 2,441 2,532 0 2,280 (4,676.3) 1,907 2,253 1,634 992 1,863 1,655 1,614
Inventory 4,382 4,616 4,938 5,671 5,279 5,998 6,094 6,029 5,864 5,793 3,261 3,177 2,143 2,582 2.6 2,748 3,053 2,850 2,165 2,173 2,086 2,182
Other Current Assets 657 1,013 195 1,197 195 433 1,162 978 1,440 1,651 12 403 1,336 0 1,822 0 1,998 123 0 0 0 0
Total Current Assets 12,684 14,294 14,186 15,409 12,807 13,612 13,274 12,655 13,966 12,359 8,106 8,739 5,680 7,544 6.6 7,220 7,251 7,594 4,813 5,905 5,726 5,464
Non-Current Assets
Property, Plant & Equipment 4,483 4,379 4,583 4,867 4,953 5,060 5,518 5,166 4,882 3,661 3,010 3,076 2,162 2,578 2.6 2,678 2,600 2,456 2,048 2,033 1,833 1,879
Goodwill 38,848.6 41,129 41,091 47,956 43,194 43,319 44,316 46,163 44,147 11,023 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 47,932.6 53,147 54,471 81,119 72,431 72,024 74,471 77,850 73,638 1,094 12,232 12,318 7,700 8,012 6.2 6,546 7,158 5,338 992 1,863 1,655 1,614
Long-Term Investments 1,854 2,048 1,487 1,562 1,542 1,576 1,749 1,598 1,554 9,535 2,490 2,500 1,645 737 657 274 201 636 472 514 444 621
Other Non-Current Assets 1,303 3,902 1,987 1,951 1,827 1,565 1,253 2,566 2,534 1,665 426 526 342 (2,297) (2,428.2) (1,456) (1,140) (1,643) (970) (1,310) (1,399) (1,231)
Total Non-Current Assets 96,606 104,605 104,530 138,137 124,558 124,078 127,731 133,687 127,072 27,414 18,508 18,812 12,095 11,313 9.7 10,010 10,486 8,640 2,639 2,645 2,366 2,596
Total Assets 109,290 118,899 118,716 153,546 137,365 137,690 141,005 146,342 141,038 39,773 26,614 27,551 17,775 18,857 16.3 17,230 17,737 16,234 7,452 8,550 8,092 8,060
Current Liabilities
Account Payables 9,328 9,557.5 9,700 10,449 9,577 9,693 9,727 10,631 8,908 7,335 650 808 499 649 484 503 528 456 368 325 355 296
Short-Term Debt 3,209 4,171 4,193 4,271 3,866 3,904 7,088 3,755 4,978 3,007 1,138 2,454 1,139 1,521 696 1,508 1,085 1,033 1,595 3,528 1,110 1,012
Deferred Revenue 0 0 (13) 0 0 0 0 853 720 558 803 (3,610) 352 (649) (484) (1,177) (864) (265) (1,410) (3,362) (817) (791)
Other Current Liabilities 705 3,180.2 657 1,942 696 876 1,311 1,073 975 956 4,764 5,316 2,450 7,001 (4,054.5) 812 889 790 479 424 395 413
Total Current Liabilities 14,524 18,743 15,673 17,853 15,144 15,478 18,823 16,329 15,544 11,856 6,916 8,878 4,440 12,730 9.5 5,833 5,502 4,900 4,030 6,334 3,889 3,683
Non-Current Liabilities
Long-Term Debt 31,332 32,194 35,039 38,351 35,346 39,589 37,804 43,277 44,027 16,472 9,712 9,437 6,049 6,089 4,618 4,642 5,066 4,643 2,135 1,068 2,327 2,546
Deferred Tax Liabilities 10,343 11,679 12,192 18,428 16,462 16,314 17,050 17,776 17,129 652 527 599 233 198 257 263 248 170 47 59 37 43
Other Non-Current Liabilities 4,570 5,844 2,511 2,829 2,692 3,016 2,743 3,265 3,300 3,023 1,129 1,119 746 (4,746) (4,873.6) 329 419 1,245 323 844 327 364
Total Non-Current Liabilities 46,621 50,161 50,109 59,983 54,820 59,257 58,022 64,325 64,468 19,511 11,786 11,458 7,218 1,541 1.4 6,314 6,719 6,058 3,035 1,971 3,175 3,510
Total Liabilities 61,145 68,904 65,782 77,836 69,964 74,735 76,845 80,654 80,012 31,367 18,702 20,336 11,658 14,271 10.8 12,147 12,221 10,958 7,065 8,305 7,064 7,193
Stockholders' Equity
Common Stock 577 585 614 614 614 614 614 614 614 507 506 506 535 550 0.6 575 575 605 393 388 775 772
Retained Earnings 27,312 26,018 31,627 51,197 49,334 47,191 40,234 38,557 36,983 3,331 2,168 1,578 902 (592) 0.0 (621) (501) (1,017) (813) (915) (98) (283)
Accumulated Other Comprehensive Income (2,255) 27,327 27,306 30,560 (4,425) 19,825 22,870 (232) (3,291) 31 0 0 0 0 0 (2,656) (2,628) (2,497) (1,854) (1,677) (1,526) (1,631)
Total Stockholders' Equity 47,926 49,643 52,566 75,368 67,101 62,673 63,902 65,444 60,804 8,182 7,613 6,944 (225) 4,361 5.2 4,754 5,097 4,821 64 245 701 503
Total Liabilities & Equity 109,290 118,899 118,716 153,546 137,365 137,690 141,005 146,342 141,038 39,773 26,614 27,551 17,775 18,857 16.3 17,230 17,737 16,234 7,452 8,550 8,092 8,060
Debt Metrics
Total Debt 35,070 36,950 39,730 43,139 39,658 43,968 45,366 47,509 49,450 19,495 11,082 12,161 7,188 7,610 5.3 6,150 6,151 5,676 3,730 4,596 3,437 3,558
Net Debt 31,243 31,653 37,367 39,693 36,849 40,829 42,840 44,907 46,159 17,291 8,921 9,852 5,337 5,327 3.5 4,182 4,484 3,823 2,760 3,286 2,038 2,327
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 7,765 3,181 (14,189) 6,666 6,801 6,400 5,704 6,032 37,485 4,648 2,420 3,760 1,852 2.2 2,176 1,800 1,479 1,011 1,303 1,716 1,728
Depreciation & Amortization 2,547 3,101 24,000 834 901 961 994 800 723 494 383 375 882 338 396 401 350 297 239 231 221
Stock-Based Compensation 0 0 0 0 0 0 120 123 117 84 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (3,438) 5,776 (469) 103 (62) 429 (416) 1,467 (596) (797) 181 (29) 381 416 690 617 538 134 174 (122) (109)
Other Non-Cash Items (532) (1,933) 1,372 2,791 2,077 1,996 2,594 1,873 (32,382) 181 (982) (2,768) (1,908) 210.8 (2,027) (1,738) (1,352) (1,277) (1,369) (1,350) (1,294)
Operating Cash Flow 6,342 10,125 10,714 10,394 9,717 9,786 8,996 10,295 5,347 4,610 2,002 1,338 1,207 967 1,235 1,080 1,015 165 347 475 546
Investing Activities
Capital Expenditure (551) (608) (460) (523) (527) (511) (664) (758) (791) (586) (381) (333) (428) (490) (515) (362) (193) (363) (360) (360) (361)
Acquisitions 1,027 1,529 122 (39) (231) 100 (32) 12 (17,657) (57) (120) 203 (1,798) 65 (305) 123 (276) 652 (1,028) 156 (2)
Purchases of Investments (54) (216) (448) (257) (369) (343) (191) (320) (170) (166) (230) 210 (150) (112) (75) (158) (30) (30) (18) (13) (19)
Sales/Maturities of Investments 848 299 405 128 141 0 339 167 160 22 22 80 88 44 67 54 2 7 8 18 3
Other Investing Activities 117 249 85 (14) (154) (29) (91) (263) (96) 3 417 (112) 1,563 492.5 (254) 846 (1,340) 494 435 (370) (229)
Investing Cash Flow 1,387 1,375 (296) (705) (1,140) (783) (639) (1,021) (18,544) (640) (292) 48 (725) (0.5) (1,082) 503 (1,837) 760 (963) (569) (608)
Financing Activities
Net Debt Issuance (295) (2,422) (1,635) 223 (3,865) (807) (1,393) (3,485) 20,110 (364) (136) (378) 2,227 (627) 73 (915) 853 (824) 794 142 (19)
Stock Repurchased (1,147.3) (792) (110) (2,092) (82) (18) (117) (139) (205) (64) (549) (536) (698) 0 0 (695) 0 0 0 0 0
Dividends Paid (5,123.2) (5,213) (5,114) (4,915) (4,904) (4,745) (4,598) (4,347) (3,465) (2,910) (1,043) (856) (773) (0.7) 0 0 0 0 0 0 0
Other Financing Activities (2,196.5) (2,205) (2,455) (2,094) 102 (2,327) (2,485) (1,659) (1,681) (891) (235) (148) (27) (31.3) (36) 0 0 (21) (18) (25) (12)
Financing Cash Flow (8,762) (10,632) (9,314) (8,878) (8,749) (7,897) (8,593) (9,630) 14,759 (4,229) (1,776) (1,715) 1,464 (653) 40 (1,607) 856 (803) 795 130 (22)
Cash Position
Net Change in Cash (1,317) 587 1,180 874 (425) 853 (293) (494) 1,171 (79) (66) (1,715) (1,840) (1,567.5) 193 (24) 34 162 179 36 (84)
Cash at Beginning 5,104 4,517 3,337 2,463 2,888 2,035 2,328 2,822 1,651 1,730 1,730 1,254 (3,379) 1,568 598 884 1,677 (602) (2,231) 253 303
Cash at End 3,787 5,104 4,517 3,337 2,463 2,888 2,035 2,328 2,822 1,651 1,664 (461) (5,219) 0.5 791 860 1,711 (440) (2,052) 289 219
Free Cash Flow 5,791 9,517 10,254 9,871 9,190 9,275 8,332 9,537 4,556 4,024 1,621 1,005 779 477 720 718 822 (198) (13) 115 185
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 25,610 25,867 27,283 27,655 25,684 25,776 25,877 24,492 19,564 14,130 12,536 13,971 15,260 15,190 15,399 14,883 14,208 12,122 10,018 9,762 9,325 10,768 25,622 24.7 11,371 10,915 9,072 7,120 7,152 7,241 6,771
Gross Profit 21,384 21,431 22,392 22,851 21,087 21,329 21,416 19,895 14,531 10,397 9,503 10,941 12,017 11,878 11,973 11,176 10,260 8,806 7,246 6,890 6,565 10,768 25,622 24.7 11,371 10,915 9,072 7,120 7,152 7,241 6,771
Operating Income 9,997 2,736 (15,751) 10,523 10,234 9,962 10,413 10,032 7,169 5,256 4,934 5,036 5,780 5,412 4,721 4,318 4,101 3,572 2,904 2,622 2,420 3,760 1,852 2.2 2,176 1,784 1,479 1,011 1,303 1,714 1,646
Net Income 7,764 3,068 (14,367) 6,666 6,801 6,400 5,704 6,032 37,533 4,648 4,290 3,115 3,904 3,841 3,095 2,879 2,713 2,457 2,130 1,896 1,767 2,827 631 1.2 1,010 692 556 346 412 988 860
EPS (Diluted) 3.49 1.36 -6.47 2.92 2.96 2.79 2.49 2.66 18.28 2.49 2.30 1.67 2.05 1.97 1.56 1.44 1.36 1.23 1.04 0.91 0.84 1.13 0.27 0.50 0.44 0.30 0.25 0.22 0.26 0.64 0.56
Balance Sheet
Cash & Equivalents 3,827 5,297 2,363 3,446 2,809 3,139 2,526 2,602 3,291 2,204 2,161 2,309 1,851 2,283 1.8 1,968 1,667 1,853 970 1,310 1,399 1,231
Total Assets 109,290 118,899 118,716 153,546 137,365 137,690 141,005 146,342 141,038 39,773 26,614 27,551 17,775 18,857 16.3 17,230 17,737 16,234 7,452 8,550 8,092 8,060
Total Debt 35,070 36,950 39,730 43,139 39,658 43,968 45,366 47,509 49,450 19,495 11,082 12,161 7,188 7,610 5.3 6,150 6,151 5,676 3,730 4,596 3,437 3,558
Stockholders' Equity 47,926 49,643 52,566 75,368 67,101 62,673 63,902 65,444 60,804 8,182 7,613 6,944 (225) 4,361 5.2 4,754 5,097 4,821 64 245 701 503
Cash Flow
Operating Cash Flow 6,342 10,125 10,714 10,394 9,717 9,786 8,996 10,295 5,347 4,610 2,002 1,338 1,207 967 1,235 1,080 1,015 165 347 475 546
Capital Expenditure (551) (608) (460) (523) (527) (511) (664) (758) (791) (586) (381) (333) (428) (490) (515) (362) (193) (363) (360) (360) (361)
Free Cash Flow 5,791 9,517 10,254 9,871 9,190 9,275 8,332 9,537 4,556 4,024 1,621 1,005 779 477 720 718 822 (198) (13) 115 185