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BT

British American Tobacco p.l.c.

BTIConsumer DefensiveNASDAQ

Tobacco · Last scanned May 29, 2026

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Financials · Annual
Revenue
$25.61B
-1.0% YoY
Net Income
$7.76B
+153.1% YoY
EBITDA
$14.06B
+66.9% YoY
Free Cash Flow
$2.99B

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About British American Tobacco p.l.c.

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. Valued at $136.03B, BTI is a large-cap name in its sector. 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.

Key stats
Market Cap$136.03B
P/E (TTM)13.42
Fwd P/E11.83
EPS$4.69
Beta0.12
52W Change+39.2%
Dividend Yield5.31%
ROE15.8%
Analysis

On the balance sheet, BTI has $3.84B in cash with $35.07B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $2.99B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 15.8%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.3% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $27.66B (2022) to $25.61B (2025).

BTI's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BTI.

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