Stock Analysis on Net
Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability Ratios (Summary)

Altria Group Inc., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Return on Sales
Gross profit margin 52.53% 51.96% 49.80% 50.13% 49.79% 49.43% 50.62% 49.76% 48.84% 48.74% 48.31% 48.13% 48.05% 47.30% 46.73% 46.29% 45.85% 45.47% 45.02%
Operating profit margin 44.01% 43.46% 41.57% 41.46% 41.04% 40.34% 41.12% 38.24% 36.73% 36.32% 35.94% 37.61% 37.97% 37.60% 37.36% 36.48% 35.37% 35.06% 34.04%
Net profit margin 17.22% 16.80% 17.08% 2.84% -3.57% -3.33% -5.15% 7.00% 25.04% 24.87% 27.45% 42.12% 42.00% 41.85% 39.97% 60.37% 56.98% 55.99% 55.31%
Return on Investment
Return on equity (ROE) 139.55% 148.95% 157.34% 23.38% -16.07% -13.16% -20.78% 16.75% 43.62% 43.96% 47.09% 68.92% 67.12% 69.61% 66.48% 127.67% 118.85% 117.64% 111.50%
Return on assets (ROA) 10.24% 8.90% 9.42% 1.57% -1.82% -1.64% -2.62% 3.34% 10.97% 10.45% 12.51% 24.30% 24.55% 24.41% 23.66% 35.17% 33.75% 31.24% 31.00%

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-04-29), 10-K (filing date: 2021-02-26), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Altria Group Inc.’s gross profit margin ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Altria Group Inc.’s operating profit margin ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Altria Group Inc.’s net profit margin ratio deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Altria Group Inc.’s ROE deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
ROA A profitability ratio calculated as net income divided by total assets. Altria Group Inc.’s ROA deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.

Gross Profit Margin

Altria Group Inc., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Gross profit 3,732  3,272  3,146  3,717  3,287  2,873  3,084  3,497  3,319  2,811  2,922  3,255  3,141  2,936  2,870  3,183  3,119  2,779  2,828  3,150  2,957  2,656 
Net revenues 6,936  6,036  6,304  7,123  6,367  6,359  6,007  6,856  6,619  5,628  6,114  6,837  6,305  6,108  6,101  6,729  6,663  6,083  6,252  6,905  6,521  6,066 
Profitability Ratio
Gross profit margin1 52.53% 51.96% 49.80% 50.13% 49.79% 49.43% 50.62% 49.76% 48.84% 48.74% 48.31% 48.13% 48.05% 47.30% 46.73% 46.29% 45.85% 45.47% 45.02%
Benchmarks
Gross Profit Margin, Competitors2
Coca-Cola Co. 60.61% 59.42% 59.31% 59.90% 60.04% 60.66% 60.77% 60.93% 61.56% 62.35% 63.05% 63.67% 63.57% 63.20% 62.56% 61.51% 61.15% 60.91% 60.67%
Mondelēz International Inc. 40.44% 40.43% 39.30% 39.44% 38.85% 39.16% 39.96% 39.36% 39.07% 39.27% 39.91% 40.06% 40.21% 39.58% 38.87% 38.87% 38.83% 39.09% 39.07%
PepsiCo Inc. 54.23% 54.65% 54.82% 55.19% 55.28% 55.15% 55.13% 55.00% 54.77% 54.74% 54.56% 54.34% 54.42% 54.47% 54.69% 54.89% 54.87% 55.00% 55.08%
Philip Morris International Inc. 25.65% 25.52% 25.15% 25.13% 25.16% 25.18% 24.76% 24.48% 24.26% 23.86% 23.64% 23.84% 23.60% 23.40% 23.45% 23.11% 23.08% 23.01% 23.07%

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-04-29), 10-K (filing date: 2021-02-26), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q2 2021 Calculation
Gross profit margin = 100 × (Gross profitQ2 2021 + Gross profitQ1 2021 + Gross profitQ4 2020 + Gross profitQ3 2020) ÷ (Net revenuesQ2 2021 + Net revenuesQ1 2021 + Net revenuesQ4 2020 + Net revenuesQ3 2020)
= 100 × (3,732 + 3,272 + 3,146 + 3,717) ÷ (6,936 + 6,036 + 6,304 + 7,123) = 52.53%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Altria Group Inc.’s gross profit margin ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Operating Profit Margin

Altria Group Inc., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Operating income 3,186  2,690  2,581  3,160  2,796  2,336  2,427  2,944  2,717  2,238  1,744  2,557  2,498  2,316  2,163  2,607  2,539  2,247  1,993  2,382  2,410  1,977 
Net revenues 6,936  6,036  6,304  7,123  6,367  6,359  6,007  6,856  6,619  5,628  6,114  6,837  6,305  6,108  6,101  6,729  6,663  6,083  6,252  6,905  6,521  6,066 
Profitability Ratio
Operating profit margin1 44.01% 43.46% 41.57% 41.46% 41.04% 40.34% 41.12% 38.24% 36.73% 36.32% 35.94% 37.61% 37.97% 37.60% 37.36% 36.48% 35.37% 35.06% 34.04%
Benchmarks
Operating Profit Margin, Competitors2
Coca-Cola Co. 28.49% 27.93% 27.25% 26.36% 26.29% 26.98% 27.06% 27.11% 28.20% 28.32% 27.31% 25.95% 24.07% 21.61% 21.18% 20.20% 19.78% 20.80% 20.61%
Mondelēz International Inc. 15.94% 15.79% 14.50% 13.78% 12.95% 14.07% 14.86% 14.80% 14.29% 12.15% 12.77% 12.58% 14.14% 14.82% 13.54% 12.33% 10.52% 10.38% 9.91%
PepsiCo Inc. 15.12% 14.68% 14.32% 14.52% 14.48% 14.98% 15.32% 15.18% 15.32% 15.87% 15.64% 15.89% 16.18% 16.21% 16.54% 16.21% 16.00% 16.03% 15.58%
Philip Morris International Inc. 15.95% 15.97% 15.34% 14.76% 14.17% 14.36% 13.51% 13.76% 14.23% 13.91% 14.25% 14.71% 14.56% 14.42% 14.73% 14.26% 14.27% 14.37% 14.43%

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-04-29), 10-K (filing date: 2021-02-26), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q2 2021 Calculation
Operating profit margin = 100 × (Operating incomeQ2 2021 + Operating incomeQ1 2021 + Operating incomeQ4 2020 + Operating incomeQ3 2020) ÷ (Net revenuesQ2 2021 + Net revenuesQ1 2021 + Net revenuesQ4 2020 + Net revenuesQ3 2020)
= 100 × (3,186 + 2,690 + 2,581 + 3,160) ÷ (6,936 + 6,036 + 6,304 + 7,123) = 44.01%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Altria Group Inc.’s operating profit margin ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Net Profit Margin

Altria Group Inc., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net earnings (losses) attributable to Altria 2,149  1,424  1,924  (952) 1,943  1,552  (1,809) (2,600) 1,996  1,120  1,250  1,943  1,876  1,894  4,966  1,866  1,989  1,401  10,276  1,093  1,653  1,217 
Net revenues 6,936  6,036  6,304  7,123  6,367  6,359  6,007  6,856  6,619  5,628  6,114  6,837  6,305  6,108  6,101  6,729  6,663  6,083  6,252  6,905  6,521  6,066 
Profitability Ratio
Net profit margin1 17.22% 16.80% 17.08% 2.84% -3.57% -3.33% -5.15% 7.00% 25.04% 24.87% 27.45% 42.12% 42.00% 41.85% 39.97% 60.37% 56.98% 55.99% 55.31%
Benchmarks
Net Profit Margin, Competitors2
Coca-Cola Co. 22.19% 21.59% 23.47% 24.90% 26.77% 26.95% 23.94% 21.98% 20.69% 20.48% 20.20% 8.70% 7.18% 4.23% 3.52% 12.20% 10.68% 15.30% 15.59%
Mondelēz International Inc. 15.49% 13.94% 13.37% 11.93% 13.25% 14.18% 14.96% 15.42% 14.57% 12.64% 13.03% 12.86% 11.97% 12.72% 11.28% 8.61% 6.92% 6.70% 6.40%
PepsiCo Inc. 11.01% 10.51% 10.12% 10.27% 10.13% 10.62% 10.89% 18.78% 19.59% 19.37% 19.35% 7.66% 7.14% 7.62% 7.65% 10.97% 10.77% 10.66% 10.08%
Philip Morris International Inc. 11.13% 11.21% 10.59% 10.08% 9.55% 9.76% 9.22% 9.60% 10.04% 9.75% 9.91% 8.21% 7.85% 7.50% 7.73% 9.32% 9.36% 9.40% 9.30%

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-04-29), 10-K (filing date: 2021-02-26), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q2 2021 Calculation
Net profit margin = 100 × (Net earnings (losses) attributable to AltriaQ2 2021 + Net earnings (losses) attributable to AltriaQ1 2021 + Net earnings (losses) attributable to AltriaQ4 2020 + Net earnings (losses) attributable to AltriaQ3 2020) ÷ (Net revenuesQ2 2021 + Net revenuesQ1 2021 + Net revenuesQ4 2020 + Net revenuesQ3 2020)
= 100 × (2,149 + 1,424 + 1,924 + -952) ÷ (6,936 + 6,036 + 6,304 + 7,123) = 17.22%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Altria Group Inc.’s net profit margin ratio deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.

Return on Equity (ROE)

Altria Group Inc., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net earnings (losses) attributable to Altria 2,149  1,424  1,924  (952) 1,943  1,552  (1,809) (2,600) 1,996  1,120  1,250  1,943  1,876  1,894  4,966  1,866  1,989  1,401  10,276  1,093  1,653  1,217 
Stockholders’ equity attributable to Altria 3,257  2,913  2,839  3,139  5,688  6,543  6,222  10,545  14,464  14,079  14,787  15,494  15,796  15,394  15,377  12,166  12,418  12,260  12,770  2,944  3,140  2,745 
Profitability Ratio
ROE1 139.55% 148.95% 157.34% 23.38% -16.07% -13.16% -20.78% 16.75% 43.62% 43.96% 47.09% 68.92% 67.12% 69.61% 66.48% 127.67% 118.85% 117.64% 111.50%
Benchmarks
ROE, Competitors2
Coca-Cola Co. 36.31% 35.46% 40.14% 44.78% 52.56% 55.17% 46.99% 41.40% 38.69% 38.03% 37.89% 15.40% 12.98% 7.31% 7.31% 20.57% 18.86% 27.22% 28.30%
Mondelēz International Inc. 15.66% 13.96% 12.89% 11.60% 13.18% 14.38% 14.19% 14.80% 14.33% 12.58% 13.19% 13.20% 12.53% 12.62% 11.19% 8.50% 6.88% 6.76% 6.59%
PepsiCo Inc. 53.65% 53.75% 52.92% 52.22% 54.84% 53.76% 49.47% 87.78% 91.74% 88.61% 86.20% 48.13% 45.47% 44.86% 44.60% 52.41% 54.95% 58.05% 57.04%
Philip Morris International Inc.

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-04-29), 10-K (filing date: 2021-02-26), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q2 2021 Calculation
ROE = 100 × (Net earnings (losses) attributable to AltriaQ2 2021 + Net earnings (losses) attributable to AltriaQ1 2021 + Net earnings (losses) attributable to AltriaQ4 2020 + Net earnings (losses) attributable to AltriaQ3 2020) ÷ Stockholders’ equity attributable to Altria
= 100 × (2,149 + 1,424 + 1,924 + -952) ÷ 3,257 = 139.55%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Altria Group Inc.’s ROE deteriorated from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Return on Assets (ROA)

Altria Group Inc., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net earnings (losses) attributable to Altria 2,149  1,424  1,924  (952) 1,943  1,552  (1,809) (2,600) 1,996  1,120  1,250  1,943  1,876  1,894  4,966  1,866  1,989  1,401  10,276  1,093  1,653  1,217 
Total assets 44,388  48,776  47,414  46,651  50,200  52,618  49,271  52,913  57,501  59,233  55,638  43,953  43,177  43,899  43,202  44,160  43,726  46,175  45,932  32,934  31,324  34,063 
Profitability Ratio
ROA1 10.24% 8.90% 9.42% 1.57% -1.82% -1.64% -2.62% 3.34% 10.97% 10.45% 12.51% 24.30% 24.55% 24.41% 23.66% 35.17% 33.75% 31.24% 31.00%
Benchmarks
ROA, Competitors2
Coca-Cola Co. 8.96% 8.02% 8.87% 8.57% 9.70% 10.65% 10.33% 8.86% 7.82% 7.63% 7.73% 3.24% 2.66% 1.54% 1.42% 5.03% 4.55% 6.83% 7.48%
Mondelēz International Inc. 6.49% 5.70% 5.24% 4.72% 5.34% 5.81% 6.00% 6.21% 5.88% 5.06% 5.39% 5.26% 5.01% 5.17% 4.63% 3.50% 2.82% 2.79% 2.70%
PepsiCo Inc. 8.88% 8.22% 7.66% 7.65% 7.65% 8.51% 9.31% 16.01% 17.05% 16.68% 16.12% 6.72% 5.84% 5.96% 6.09% 8.88% 8.86% 9.00% 8.54%
Philip Morris International Inc. 21.81% 21.73% 17.98% 19.67% 18.60% 20.42% 16.76% 18.06% 19.61% 20.26% 19.88% 17.00% 15.76% 13.93% 14.05% 16.81% 18.16% 19.19% 18.91%

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-04-29), 10-K (filing date: 2021-02-26), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q2 2021 Calculation
ROA = 100 × (Net earnings (losses) attributable to AltriaQ2 2021 + Net earnings (losses) attributable to AltriaQ1 2021 + Net earnings (losses) attributable to AltriaQ4 2020 + Net earnings (losses) attributable to AltriaQ3 2020) ÷ Total assets
= 100 × (2,149 + 1,424 + 1,924 + -952) ÷ 44,388 = 10.24%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Altria Group Inc.’s ROA deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.