Tobacco
4 companies · $63.9B combined revenue · $24.8B operating profit
The typical US-listed tobacco company grew revenue 3.2% and earnings 63.9% in its latest year, at a 37.8% operating margin, and 2 of 4 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
3.2%Median revenue growth
63.9%Median earnings growth
-2.5%Median revenue growth, 3 yrs
5.4%Median earnings growth, 3 yrs
37.8%Median operating margin
22.3%Median ROCE
Fastest revenue growthRLX Technology RLX44%Fastest earnings growthBritish American Tobacco p.l.c. BTI144%Highest ROCEAltria MO38.3%Biggest margin gainBritish American Tobacco p.l.c. BTI+28.5 pts
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more25%
- Operating leverage · Operating income growing faster than a growing revenue33%
- Margin expansion · Operating margin up 1 point or more75%
- Debt reduction · Debt down 5% or more, or net cash33%
Combined revenue · 2 companies reporting in US dollars
Combined operating margin
All 4 companies
| Median | – | 3.2% | 63.9% | 37.8% | 22.3% | 0.76x |
| PMPhilip Morris International | $40.6B | 7.3%▲ | 60.8%▼ | 36.6%▼ | 34%▲ | – |
| MOAltria | $23.3B | -3.1%▼ | -38.3%▼ | 42.5%▲ | 38.3%▲ | – |
| BTIBritish American Tobacco p.l.c. | GBP 25.6B | -1%▼ | 144%▲ | 39%▲ | 10.5%▼ | 0.76x |
| RLXRLX Technology | CNY 4.0B | 44%▲ | 67.1%▲ | 8.3%▼ | 2.1%▼ | – |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).