Altria Group, Inc. — Earnings Quality Grade F
MO · Consumer Defensive
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 5 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -1.5%, CFFO 6.1%. Cash follows revenue
Expense Quality
Inventory -0.9% vs COGS -7.9%. Normal
CapEx growth 52.1% is >2x revenue growth -1.5%
SG&A/Gross Profit = 17.2%, excellent (<30%)
Gross margin 72.2%, change +1.9pp. Stable
Cash Flow Quality
CFFO/NI = 1.34. Profits backed by cash
FCF $9.1B, FCF/NI = 1.31
Accruals ratio = -6.7%. Low accruals
Cash $4.5B covers only 17% of debt $25.7B
Balance Sheet Health
Goodwill+Intangibles $17.7B = -504% of equity. Manageable
Debt/EBITDA = 2.4x. Healthy
Other assets 17.2% vs revenue -1.5%. Normal
Write-offs up 151% YoY
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -11% YoY. Normal
Manipulation Score
M-Score = -2.36 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10