What is the current annual gross margin of BTI?

As of today, BTI annual gross margin is 62.59%

What is 1-year change in BTI annual gross margin?

BTI annual gross margin is down -0.97% year-over-year

What is 3-year change in BTI annual gross margin?

BTI annual gross margin is down -10.73% over the past 3 years

How far is BTI annual gross margin from its all-time high?

BTI annual gross margin is currently -11.01% below its historical high of 70.33% set on December 31, 2020

How does BTI annual gross margin rank versus sector peers?

BTI annual gross margin is higher than 89.37% of companies in Consumer Defensive sector

When is BTI next annual earnings release?

The next annual earnings release for BTI is on February 10, 2027

When is BTI next earnings release?

The next earnings release for BTI is on February 10, 2027

BTI Gross Margin History & Chart Since 1991

Annual Gross Margin

62.59%0.61%-0.97%

December 31, 2025

Summary

Current Value: As of today, BTI annual gross margin is 62.59%, down -0.97% on December 31, 2025
Historical Performance: BTI annual gross margin is down -10.73% over the past 3 years, down -11.01% over the past 5 years
All-Time High Comparison: BTI annual gross margin is currently -11.01% below its historical high of 70.33% set on December 31, 2020
3-Year Low Comparison: BTI annual gross margin is at its 3-year low
Sector Comparison: BTI annual gross margin is higher than 89.37% of companies in Consumer Defensive sector

Gross Margin Chart

beforeafter

Performance

BTI Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	62.59%	-1.0%	-10.7%	-11.0%	+11.9%
Quarterly Gross Margin	Jun 30, 25	-	–	–	–	–
Price	Jul 31, 26	$60.65	+13.0%	+80.1%	+62.0%	+32.7%
PE Ratio	Jul 31, 26	-	–	–	–	–
Annual Revenue	Dec 31, 25	$33.79B	+2.1%	-0.9%	+2.3%	+47.0%
Annual Gross Profit	Dec 31, 25	$0.00	-100.0%	-100.0%	-100.0%	-100.0%
Annual Operating Margin	Dec 31, 25	39.79%	+174.0%	-7.5%	-9.7%	+30.3%
Annual Net Margin	Dec 31, 25	29.95%	+147.1%	+21.9%	+17.5%	+42.0%

Gross Margin Highs

BTI Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	70.11%	N/A	-10.7%
5Y	70.33%	N/A	-11.0%
All	70.33%	Dec 31, 20	-11.0%

Gross Margin Lows

BTI Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	62.59%	Dec 31, 25	at low
5Y	62.59%	Dec 31, 25	at low
All	9.78%	Dec 1, 91	+540.0%

Gross Margin History

Year	Value	Change
2025	62.59%	-1.0%
2024	63.20%	-9.8%
2023	70.04%	-0.1%
2022	70.11%	+1.2%
2021	69.30%	-1.5%
2020	70.33%	+3.1%
2019	68.19%	+3.8%
2018	65.71%	+14.4%
2017	57.42%	-0.4%
2016	57.64%	-3.0%
2015	59.44%	-2.4%
2014	60.92%	-0.1%
2013	61.00%	+1.4%
2012	60.16%	+3.1%
2011	58.34%	+4.3%
2010	55.93%	+7.0%
2009	52.28%	-1.9%
2008	53.28%	-0.6%

Year	Value	Change
2007	53.60%	+3.4%
2006	51.86%	+1.1%
2005	51.28%	+8.6%
2004	47.23%	+128.8%
2003	20.64%	+2.2%
2002	20.20%	+3.9%
2001	19.44%	+4.4%
2000	18.62%	-67.6%
1999	57.51%	+5.3%
1998	54.61%	+3.4%
1997	52.81%	+1.0%
1996	52.29%	+6.2%
1995	49.25%	+233.0%
1994	14.79%	+8.3%
1993	13.66%	-13.5%
1992	15.79%	+61.5%
1991	9.78%	-

FAQ

What is the current annual gross margin of BTI?: As of today, BTI annual gross margin is 62.59%
What is 1-year change in BTI annual gross margin?: BTI annual gross margin is down -0.97% year-over-year
What is 3-year change in BTI annual gross margin?: BTI annual gross margin is down -10.73% over the past 3 years
How far is BTI annual gross margin from its all-time high?: BTI annual gross margin is currently -11.01% below its historical high of 70.33% set on December 31, 2020
How does BTI annual gross margin rank versus sector peers?: BTI annual gross margin is higher than 89.37% of companies in Consumer Defensive sector
When is BTI next annual earnings release?: The next annual earnings release for BTI is on February 10, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

N/A

June 30, 2025

Performance

BTI Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Jun 30, 25	-	–	–	–	–
Annual Gross Margin	Dec 31, 25	62.59%	–	-1.0%	-10.7%	-11.0%
Price	Jul 31, 26	$60.65	+3.1%	+13.0%	+80.1%	+62.0%
PE Ratio	Jul 31, 26	-	–	–	–	–
Quarterly Revenue	Jun 30, 25	-	–	–	–	–
Quarterly Gross Profit	Jun 30, 25	-	–	–	–	–
Quarterly Operating Margin	Jun 30, 25	-	–	–	–	–
Quarterly Net Margin	Jun 30, 25	-	–	–	–	–

Quarterly Gross Margin Highs

BTI Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	N/A	N/A	N/A
3Y	N/A	N/A	N/A
5Y	N/A	N/A	N/A
All	55.65%	Mar 31, 08	N/A

Quarterly Gross Margin Lows

BTI Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	N/A	N/A	N/A
3Y	N/A	N/A	N/A
5Y	N/A	N/A	N/A
All	0.00%	Jun 30, 01	N/A

Quarterly Gross Margin History

Month	Value	Change
Dec 2008	48.60%	-9.4%
Sep 2008	53.65%	-0.9%
Jun 2008	54.12%	-2.7%
Mar 2008	55.65%	+6.8%
Dec 2007	52.13%	-4.3%
Sep 2007	54.50%	+2.5%

Month	Value	Change
Jun 2007	53.19%	-3.0%
Mar 2007	54.84%	+5.0%
Mar 2006	52.24%	+1.4%
Mar 2005	51.54%	>+9,900.0%
Jun 2001	0.00%	-

FAQ

When is BTI next earnings release?: The next earnings release for BTI is on February 10, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

BTI Official Website www.bat.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/1303523/000130352325000034/0001303523-25-000034-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1303523/000130352326000017/0001303523-26-000017-index.htm
BTI Profile on Yahoo Finance finance.yahoo.com/quote/BTI
BTI Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/bti