Flagship explainer

What drives ALTRIA GROUP, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−242%Tax burden74%net income ÷ pretax incomeInterest burden95%pretax ÷ operating incomeOperating margin43%operating income ÷ revenueAsset turnover0.66×revenue ÷ average assetsEquity multiplier-12.23×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$6.9BFY2025
Income before tax$9.4BFY2025
Operating income$9.9BFY2025
$23.3BFY2025
Ending assets$35.0BFY2025
Beginning assets$35.2BFY2024
−$3.5BFY2025
−$2.2BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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