What is the current annual operating margin of BTI?

As of today, BTI annual operating margin is 39.79%

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

BTI annual operating margin is up +174.04% year-over-year

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

BTI annual operating margin is down -7.53% over the past 3 years

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

BTI annual operating margin is currently -13.31% below its historical high of 45.90% set on December 31, 2023

How does BTI annual operating margin rank versus sector peers?

BTI annual operating margin is higher than 99.21% 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 Operating Margin History & Chart Since 1991

Annual Operating Margin

39.79%25.27%+174.04%

December 31, 2025

Summary

Current Value: As of today, BTI annual operating margin is 39.79%, up +174.04% on December 31, 2025
Historical Performance: BTI annual operating margin is down -7.53% over the past 3 years, down -9.73% over the past 5 years
All-Time High Comparison: BTI annual operating margin is currently -13.31% below its historical high of 45.90% set on December 31, 2023
3-Year Low Comparison: BTI annual operating margin is +174.04% above its 3-year low of 14.52% reached on December 31, 2024
Sector Comparison: BTI annual operating margin is higher than 99.21% of companies in Consumer Defensive sector

Operating Margin Chart

beforeafter

Performance

BTI Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	39.79%	+174.0%	-7.5%	-9.7%	+30.3%
Quarterly Operating Margin	Jun 30, 25	-	–	–	–	–
Price	Aug 17, 26	$55.73	-2.9%	+72.3%	+48.8%	+25.0%
PE Ratio	Aug 17, 26	-	–	–	–	–
Annual Revenue	Dec 31, 25	$33.79B	+2.1%	-0.9%	+2.3%	+47.0%
Annual Operating Profit	Dec 31, 25	$13.45B	+179.8%	-8.3%	-7.7%	+91.6%
Annual Gross Margin	Dec 31, 25	62.59%	-1.0%	-10.7%	-11.0%	+11.9%
Annual Net Margin	Dec 31, 25	29.95%	+147.1%	+21.9%	+17.5%	+42.0%

Operating Margin Highs

BTI Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	45.90%	Dec 31, 23	-13.3%
5Y	45.90%	Dec 31, 23	-13.3%
All	45.90%	Dec 31, 23	-13.3%

Operating Margin Lows

BTI Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	14.52%	Dec 31, 24	+174.0%
5Y	14.52%	Dec 31, 24	+174.0%
All	9.39%	Dec 1, 91	+323.8%

Operating Margin History

Year	Value	Change
2025	39.79%	+174.0%
2024	14.52%	-68.4%
2023	45.90%	+6.7%
2022	43.03%	+0.0%
2021	43.01%	-2.4%
2020	44.08%	+3.4%
2019	42.62%	+6.1%
2018	40.17%	+11.9%
2017	35.89%	-1.5%
2016	36.43%	+0.4%
2015	36.29%	-2.7%
2014	37.30%	+2.7%
2013	36.31%	+1.4%
2012	35.81%	+13.5%
2011	31.54%	+3.3%
2010	30.54%	+0.5%
2009	30.38%	+2.2%
2008	29.73%	+3.5%

Year	Value	Change
2007	28.73%	+4.0%
2006	27.62%	+2.5%
2005	26.94%	+21.2%
2004	22.23%	+11.4%
2003	19.95%	+1.7%
2002	19.61%	+3.6%
2001	18.92%	+4.6%
2000	18.08%	+22.8%
1999	14.72%	+0.5%
1998	14.65%	-48.8%
1997	28.62%	-14.7%
1996	33.55%	+1.1%
1995	33.17%	+129.7%
1994	14.44%	+8.5%
1993	13.31%	-13.5%
1992	15.39%	+63.9%
1991	9.39%	-

FAQ

What is the current annual operating margin of BTI?: As of today, BTI annual operating margin is 39.79%
What is 1-year change in BTI annual operating margin?: BTI annual operating margin is up +174.04% year-over-year
What is 3-year change in BTI annual operating margin?: BTI annual operating margin is down -7.53% over the past 3 years
How far is BTI annual operating margin from its all-time high?: BTI annual operating margin is currently -13.31% below its historical high of 45.90% set on December 31, 2023
How does BTI annual operating margin rank versus sector peers?: BTI annual operating margin is higher than 99.21% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

N/A

June 30, 2025

Performance

BTI Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jun 30, 25	-	–	–	–	–
Annual Operating Margin	Dec 31, 25	39.79%	–	+174.0%	-7.5%	-9.7%
Price	Aug 17, 26	$55.73	-16.4%	-2.9%	+72.3%	+48.8%
PE Ratio	Aug 17, 26	-	–	–	–	–
Quarterly Revenue	Jun 30, 25	-	–	–	–	–
Quarterly Operating Profit	Jun 30, 25	-	–	–	–	–
Quarterly Gross Margin	Jun 30, 25	-	–	–	–	–
Quarterly Net Margin	Jun 30, 25	-	–	–	–	–

Quarterly Operating Margin Highs

BTI Quarterly Operating 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	30.85%	Mar 31, 08	N/A

Quarterly Operating Margin Lows

BTI Quarterly Operating 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	16.97%	Jun 30, 01	N/A

Quarterly Operating Margin History

Month	Value	Change
Dec 2008	28.15%	-5.9%
Sep 2008	29.90%	-1.6%
Jun 2008	30.38%	-1.5%
Mar 2008	30.85%	+17.1%
Dec 2007	26.35%	-8.4%
Sep 2007	28.76%	-6.7%

Month	Value	Change
Jun 2007	30.81%	+5.2%
Mar 2007	29.30%	+7.2%
Mar 2006	27.34%	+3.2%
Mar 2005	26.48%	+56.0%
Jun 2001	16.97%	-

FAQ

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

Operating Margin Formula

Operating Profit Margin = Operating Income

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