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    British American Tobacco p.l.c. (BTI)

    Official site

    CONSUMER DEFENSIVE • TOBACCO • NYSE

    $58.02
    +1.36 (+2.39%)

    Market Cap: $121.84B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    75%(3/4)
    Avg Surprise
    -1.83%
    Streak
    1 Q
    PeriodReportedEst.SurpriseB/MYoY
    Jun 26
    Reported Jul 30
    $N/AN/AN/ABeat-
    Mar 26
    Reported Apr 28
    $0.00$0.00N/ABeat-
    Dec 25
    Reported Feb 12
    $2.55$2.51+1.59%Beat+486.4%
    Sep 25
    Reported Nov 28
    $0.00$0.00N/ABeat-
    Jun 25
    Reported Jul 31
    $2.04$2.24-8.93%Miss-99.0%
    Mar 25
    Reported May 30
    $0.00$0.00N/ABeat-
    Dec 24
    Reported Feb 12
    $-0.66$0.00N/AMiss-100.2%
    Sep 24
    Reported Nov 29
    $0.00$0.00N/ABeat-100.0%
    Jun 24
    Reported Jul 25
    $200.30$0.00N/ABeat-
    Mar 24
    Reported Apr 24
    $0.00$0.00N/ABeat-
    Dec 23
    Reported Feb 8
    $375.60$0.00N/ABeat+29243.8%
    Sep 23
    Reported Nov 2
    $2.39$2.39+0.00%Beat-
    Jun 23
    Reported Jul 26
    $0.00$0.00N/ABeat-
    Mar 23
    Reported May 16
    $0.00$0.00N/ABeat-
    Dec 22
    Reported Feb 9
    $1.28$1.28+0.00%Beat-
    Sep 22
    Reported Dec 8
    $0.00$0.00N/ABeat-
    Jun 22
    Reported Jul 27
    $0.00$0.00N/ABeat-
    Mar 22
    Reported Apr 26
    $0.00$0.00N/ABeat-100.0%
    Dec 21
    Reported Feb 11
    $0.00$0.00N/ABeat-100.0%
    Sep 21
    Reported Oct 28
    $0.00$0.00N/ABeat-100.0%
    Jun 21
    Reported Jul 28
    $0.00$0.00N/ABeat-100.0%
    Mar 21
    Reported Apr 27
    $0.98$0.00N/ABeat+4.9%
    Dec 20
    Reported Feb 17
    $0.98$0.00N/ABeat+4.2%
    Sep 20
    Reported Oct 29
    $0.88$0.00N/ABeat+4.9%
    Jun 20
    Reported Jul 31
    $0.83$0.00N/ABeat-
    Mar 20
    Reported Apr 28
    $0.93$0.00N/ABeat-
    Dec 19
    Reported Feb 27
    $0.94$0.00N/ABeat-
    Sep 19
    Reported Oct 31
    $0.84$0.00N/ABeat-
    Jun 19
    Reported Aug 1
    $0.00$0.00N/ABeat-100.0%
    Mar 19
    Reported Apr 23
    $0.00$0.00N/ABeat-
    Dec 18
    Reported Feb 28
    $0.00$0.00N/ABeat-100.0%
    Sep 18
    Reported Oct 16
    $0.00$0.00N/ABeat-100.0%
    Jun 18
    Reported Jul 26
    $1.20$0.00N/ABeat+13.2%
    Mar 18
    Reported Apr 24
    $0.00$0.00N/ABeat-
    Dec 17
    Reported Feb 22
    $11.47$0.00N/ABeat-
    Jun 17
    Reported Jul 27
    $1.21$0.00N/ABeat-
    Dec 16
    Reported Feb 23
    $1.06$0.00N/ABeat-

    Dividends

    Dividend Metrics

    Forward Yield5.76%
    Forward Annual Dividend$3.34
    Payout Ratio83.77%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+6.30%
    5Y CAGR+2.98%

    Key Metrics

    Valuation
    P/E RatioN/AEV/EBITDA10.14x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin25.00%Operating Margin34.90%
    ROE13.40%ROIC9.46%
    Financial Health
    Debt/Equity0.72xInterest Coverage6.11x
    Current Ratio0.84xQuick Ratio0.50x
    Trading Statistics
    Beta0.10Avg Volume4.29M
    52-Week High$65.3352-Week Low$47.10

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$54.93
    SMA 20$54.70
    SMA 50$55.16
    SMA 200$57.79
    EMA 10$55.60
    EMA 20$55.12
    EMA 50$55.62
    EMA 200$56.30

    MACD

    Line: 0.31Signal: -0.19Hist: 0.49

    ADX

    ADX: 16.5+DI: 37.7-DI: 18.8

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down68.0
    PSAR$52.85

    Bollinger Bands

    Upper Band$57.48
    Lower Band$51.92
    %B Position1017%(Upper)
    Band Width1.10

    RSI (14-Day)

    Neutral
    69.0

    Momentum Oscillators

    Stoch %K89.7
    Stoch %D85.2
    Williams %R-11.3
    ROC (10d)10.8%
    Momentum5.66
    CCI (20d)193.3
    MFI (14d)68.2

    Volatility Measures

    ATR (14d)$1.17(2.0%)
    StdDev (20d)1.39
    Hist Vol20.2%(Moderate)

    Volume Flow

    VWAP$58.13
    OBV167.3M
    AD Line-5.7B
    CMF (20d)-1.170

    Volume Metrics

    Avg Vol (20d)4.4M
    Vol Ratio2.0x(High)
    VWMA (20d)$54.77

    Pivot Points

    R3$57.84
    R2$57.26
    R1$56.96
    Pivot Point$56.37
    S1$56.07
    S2$55.49
    S3$55.19

    Advanced Oscillators

    TSI7.65
    Ultimate Osc54.2
    KST-5.54

    Financial Data

    QuarterJun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
    Total Revenue$12.33B$13.54B$12.07B$13.53B$12.34B$13.84B$6.92B$13.44B$6.72B$7.39B$7.39B$6.43B
    Cost of Revenue$5.04B$2.25B$1.98B$2.27B$2.16B$2.65B$1.32B$2.24B$1.12B$4.31B$1.48B$1.31B
    Gross Profit$7.28B$11.30B$10.09B$11.26B$10.18B$11.20B$5.60B$11.20B$5.60B$10.48B$6.78B$6.52B
    Operating Expenses$2.57B$6.37B$5.02B$12.78B$5.92B$32.88B$16.35B$5.26B$2.54B$9.59B$-2,823,035,433$-4,201,409,599
    R&D$0$174.00M$174.00M$212.00M$168.00M$214.00M$107.00M$194.00M$97.00M$104.57M$96.60M$91.30M
    SG&A$0$1.65B$1.45B$1.47B$1.38B$1.31B$656.50M$1.39B$0$4.75B$775.55M$1.28B
    Operating Income$4.71B$4.93B$5.07B$-1,522,000,000$4.26B$-21,686,000,000$3.35B$5.93B$2.97B$5.20B$3.74B$3.02B
    Interest Income$0$643.00M$505.00M$540.00M$1.34B$809.00M$0$632.00M$0$582.00M$0$617.00M
    Interest Expense$833.10M$830.85M$764.00M$704.00M$1.80B$1.03B$14.53B$903.00M$316.50M$905.50M$455.62M$457.69M
    Income Before Tax$4.08B$4.29B$5.57B$-2,062,000,000$5.60B$-22,364,000,000$-11,182,000,000$5.30B$2.65B$6.02B$3.50B$1.86B
    Income Tax Expense$830.08M$1.08B$1.01B$-684,000,000$1.04B$-4,140,000,000$2.07B$1.27B$634.00M$1.35B$756.57M$683.50M
    Net Income$3.21B$3.25B$4.51B$-1,424,000,000$4.49B$-18,326,000,000$-9,174,500,000$3.96B$1.97B$4.76B$2.74B$1.18B
    EBITDA$6.08B$6.41B$6.19B$1.01B$5.89B$6.99B$3.43B$6.42B$3.21B$6.94B$4.27B$3.31B
    EBIT$4.71B$5.45B$5.07B$374.00M$4.26B$6.60B$3.35B$5.94B$2.97B$6.41B$3.74B$3.02B
    * Some calculated fields are derived from available data when not provided by source

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    News

    BTI Valuation and Fair Value

    Forward P/E
    10.7x
    EV/EBITDA
    10.1x
    PEG
    1.4x
    P/B
    2.0x
    See GNG's fair value

    BTI Profitability: Margins, ROIC and FCF

    Gross margin
    71.9%
    Operating margin
    34.9%
    Net margin
    25.0%
    ROIC
    9.5%
    ROE
    13.4%
    FCF margin
    30.8%

    BTI Analyst Ratings

    Consensus
    Buy
    Analysts
    7
    Strong Buy
    1
    Buy
    5
    Hold
    1
    Sell
    0
    Strong Sell
    0

    BTI Bull Case vs Bear Case

    Bull case

    • BTI converts 30.8% of revenue into free cash flow.
    • BTI has a 25.0% net profit margin.
    • 85.7% of BTI's analyst ratings are Buy or Strong Buy.

    Bear case

    • BTI beat EPS estimates in 25.0% of its last 8 reported quarters.

    BTI Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -3.7%

    BTI Dividend

    Forward yield
    5.8%
    Payout ratio
    83.8%
    3Y DPS growth
    6.3%
    5Y DPS growth
    3.0%
    Pay months
    Feb, May, Aug, Nov
    BTI dividend history

    Frequently Asked Questions About BTI

    What is BTI's current dividend yield?

    British American Tobacco p.l.c. (BTI) has a forward dividend yield of 5.76%.

    Does BTI pay dividends?

    Yes, British American Tobacco p.l.c. pays dividends with a forward dividend yield of 5.76%.

    What is BTI's market cap?

    British American Tobacco p.l.c. (BTI) has a market capitalization of $121.84B with a current stock price of $58.02.

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