Altria Group, Inc. stock research
FY2024 Q4
Altria Group (MO) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit were both lower than the prior quarter, while cost of revenue remained stable, resulting in a slightly weakened gross margin. Compared to the same quarter one year earlier, revenue was stable, gross profit was higher, and gross margin improved.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit were both lower than the prior quarter, while cost of revenue remained stable, resulting in a slightly weakened gross margin. Compared to the same quarter one year earlier, revenue was stable, gross profit was higher, and gross margin improved.
- The strongest observable margin driver is the improvement in gross margin relative to the same quarter one year earlier, as gross profit increased while revenue remained stable.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was stable, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue was stable, gross profit was higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
60.3%
Gross profit
$3.6B
Revenue
$6.0B
Cost of revenue
$1.5B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+1.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $5.6B | $3.3B | $1.4B | 58.8% |
| Jun 30, 2024 | $6.2B | $3.7B | $1.6B | 59.2% |
| Sep 30, 2024 | $6.3B | $3.8B | $1.5B | 60.8% |
| Dec 31, 2024 | $6.0B | $3.6B | $1.5B | 60.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-0.5 pts
Year-over-year change
Dec 31, 2023
+1.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the improvement in gross margin relative to the same quarter one year earlier, as gross profit increased while revenue remained stable.
Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was stable, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue was stable, gross profit was higher, and gross margin improved.
Monitor the company's reassessment of smoke-free goals due to illicit flavored disposable e-vapor products, as noted in the filing context.