British American Tobacco p.l.c. (BTI) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

71/100

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

94

Deep Value

Momentum

44

Neutral

Sentiment

61

Bullish

Risk resilience

80

Low Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.

Industry: Tobacco
Sector: Consumer Defensive
Headquarters: GB
CEO: Tadeu Marroco
Listed since: Apr 14, 1980
Employees: 47,797

Market position

Day range

Current $57.00

$56.38$57.03

52-week range

Current $57.00

$49.88$67.30

Open: $56.40
Previous close: $56.21
Volume: 2.02M; 0.49× average
Average volume: 4.12M; Average daily volume
Market cap: 122.94B USD
Beta: 0.13; Market reference 1
50-day average: $60.0298; -5.05% below average
200-day average: $59.0673; -3.50% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 123.14B GBP
P/E (TTM): 14.31×
P/B (TTM): 1.87×
P/S (TTM): 3.5×
EV / EBITDA: 10.47×
Earnings yield: 8.45%
Free cash flow yield: 6.30%
Dividend yield: 5.81%

Profitability & efficiency

Gross margin: 60.16%
Operating margin: 37.62%
Net margin: 24.99%
Return on equity: 16.20%
Return on assets: 7.10%
Return on invested capital: 8.02%

Financial health

Debt / equity: 0.72×
Current ratio: 0.87×
Altman Z-score: 2.11
Piotroski F-score: 7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

25.61B GBP-0.99%

Operating income

10B GBP+265.39%

Net income

7.76B GBP+153.06%

Metric (GBP)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	25.61B GBP	25.87B GBP	27.28B GBP	27.66B GBP	25.68B GBP
Cost of goods sold	4.23B GBP	4.44B GBP	4.89B GBP	4.8B GBP	4.6B GBP
Gross profit	21.38B GBP	21.43B GBP	22.39B GBP	22.85B GBP	21.09B GBP
Research and development	133M GBP	380M GBP	408M GBP	323M GBP	304M GBP
Selling, general, and administrative	1.12B GBP	3.95B GBP	3.86B GBP	3.83B GBP	3.81B GBP
Operating expenses	11.39B GBP	18.56B GBP	38.14B GBP	12.33B GBP	10.85B GBP
Interest income	214M GBP	251M GBP	186M GBP	92M GBP	35M GBP
Interest expense	1.93B GBP	1.1B GBP	1.89B GBP	1.66B GBP	1.49B GBP
Depreciation and amortization	2B GBP	3.1B GBP	634M GBP	724M GBP	949M GBP
Operating income	10B GBP	2.74B GBP	−15.75B GBP	10.52B GBP	10.23B GBP
Net income	7.76B GBP	3.07B GBP	−14.37B GBP	6.67B GBP	6.8B GBP

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate: 64%; 7 beats, 3 misses, 1 met estimate
Average EPS surprise: +4.25%; 11 comparable reports
Latest EPS result: 2.25; Estimate 2.21 · Beat by 1.81%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: 3.49; FY2025 · +156.62% year over year
Latest fiscal-year revenue: 25.61B GBP; FY2025 · -0.99% year over year
Next fiscal-year EPS consensus: 3.61; FY2026 · 4 analysts
Next fiscal-year revenue consensus: 26.13B GBP; FY2026 · 8 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$40.00

29.82% downside

Past 12 months12-month forecastHigh $40.00Average $40.00Low $40.00

Rating distribution

18 ratings

Strong buy00%

Buy1267%

Hold422%

Sell211%

Strong sell00%

Recent analyst actions

2 institutions

UBSupgradeNeutralBuyJan 27, 2025

BTI news

newsfilecorp.comAug 13, 2026

Charlotte's Web Reports Second Quarter 2026 Financial Results

Federal Hemp Framework and Healthcare Strategy Advance; Debenture Conversion Eliminates Largest Liability, Restores Positive Shareholders' Equity; Gross Margin Expands to 47.5% and Second Quarter Operating Cash Use…

Read source

247wallst.comAug 12, 2026

These 4 Dividend Stocks Yield 8%. Only Roth Owners Keep All of It

At the 24% federal bracket, a $50,000 stream of ordinary dividend income hands roughly $12,000 to the IRS every year.

Read source

businesswire.comAug 12, 2026

ITC Infotech Strengthens Strategic Tech Partnership With British American Tobacco (BAT) in New Multi-year Mandate

BANGALORE, India & LONDON--(BUSINESS WIRE)---- $ITC #AI--ITC Infotech today announced a landmark multi-year strategic technology deal with British American Tobacco (BAT).

Read source

seekingalpha.comAug 8, 2026

British American Tobacco Isn't Cheap Enough To Justify The Risk

British American Tobacco remains a 'hold' as deteriorating fundamentals and limited upside outweigh growth in modern oral products. BTI's New Categories, particularly Velo and Vuse, are delivering strong market share…

Read source

seekingalpha.comAug 5, 2026

British American Tobacco p.l.c. (BTI) Q2 2026 Earnings Call Transcript

Read source

seekingalpha.comJul 31, 2026

British American Tobacco: The Right Kind Of Growth

For British American Tobacco p.l.c., like for tobacco companies, transitioning into next-generation nicotine products is key. And in this regard, the company made gains in H126. Its new categories segment saw both…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.1721

2025 complete year+7.8% since 2021

2026 partial: $1.664

$2.9438

2,021

$2.6407

2,022

$2.904

2,023

$2.9817

2,024

$3.1721

2,025

$1.664

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
DividendUpcoming	Oct 2, 2026	$0.8349Quarterly	Oct 2, 2026	Nov 12, 2026
DividendUpcoming	Dec 29, 2026	$0.8349Irregular	Dec 29, 2026	Feb 8, 2027
Dividend	Jul 10, 2026	$0.83Quarterly	Jul 10, 2026	Aug 19, 2026
Dividend	Mar 27, 2026	$0.834Quarterly	Mar 27, 2026	May 12, 2026
Dividend	Dec 30, 2025	$0.8234Irregular	Dec 30, 2025	Feb 9, 2026
Dividend	Oct 3, 2025	$0.7491Quarterly	Oct 3, 2025	Nov 13, 2025