BTI
British American Tobacco p.l.c.
There isn't enough reported data to score BTI yet.
BTI Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| Unavailable | |
| Unavailable |
BTI's profitability is currently strong. There isn't enough data to rate its revenue, cash flow and balance sheet.
BTI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $43.57 | -29% |
| Fair | 12x | $57.21 | -6.3% |
| Current | 16x | $61.04 | — |
| Expensive | 23x | $108 | +76% |
Historical ranges are pointers, not guarantees.
BTI's PE is 16x, but its earnings don't support one, so it isn't a reliable read right now.
BTI Forward outlook
There aren't enough analyst estimates for BTI to show an outlook.
BTI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $4.64 | +156% |
| Q2 2025 | $1.85 | +$10.13 |
| Q4 2024 | $1.81 | +$10.41 |
| Q2 2024 | -$8.28 | -261% |
| Q4 2023 | -$8.60 | -322% |
| Q2 2023 | $5.15 | +65% |
| Q4 2022 | $3.88 | -1.3% |
BTI has returned to profit: it earned $4.64 per share over the past year, after losing money the year before.
BTI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $16.4B | +2.1% |
| Q4 2025 | $18B | +0.1% |
| Q2 2025 | $16.1B | -2.2% |
| Q4 2024 | $18B | -2.3% |
| Q2 2024 | $16.4B | -8.2% |
| Q4 2023 | $18.4B | -6.4% |
| Q2 2023 | $17.9B | +4.4% |
| Q4 2022 | $19.7B | +9.5% |
BTI's revenue has slid since its 2022 peak: $16.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 38% | +3.7 points |
| Q4 2025 | 36% | +193 points |
| Q2 2025 | 42% | -2.2 points |
| Q4 2024 | -11% | -58 points |
| Q2 2024 | 35% | +5.9 points |
| Q4 2023 | -157% | -196 points |
| Q2 2023 | 44% | +3.9 points |
| Q4 2022 | 46% | +10 points |
BTI's operating margin was 38% last quarter, up 3.7 points from the same quarter a year ago.
BTI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.3B | +12% |
| Q4 2025 | $4.8B | -46% |
| Q2 2025 | $2.9B | -28% |
| Q4 2024 | $8.8B | -5.7% |
| Q2 2024 | $4.1B | -6.6% |
| Q4 2023 | $9.3B | +3.6% |
| Q2 2023 | $4.3B | +4.6% |
| Q4 2022 | $9B | -4.5% |
BTI's free cash flow has been positive every quarter for seven years: $19.8B over the past year, down 26% from the year before.
BTI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -23M shares |
| 1 year | -2.5% | -56M shares |
| 3 years | -5.1% | -118M shares |
| 5 years | -3.9% | -88.7M shares |
| Available history | -3.9% | -88.7M shares |
BTI has 2.2B diluted shares, down 2.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1B |
| Q4 2025 | $1.4B |
| Q2 2025 | $81.1M |
| Q4 2024 | $804.8M |
| Q2 2024 | $123.7M |
| Q4 2023 | $146.3M |
| Q2 2023 | $146.3M |
| Q4 2022 | $2.6B |
BTI Net Leverage
BTI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.1 | Neutral |
| Stochastic | 76.3 | Neutral |
BTI's weekly RSI is 56 (neutral) and its Stochastic is 76 (neutral).
BTI PE vs Consumer Defensive Sector
| Metric | BTI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 19x | 19% below |
| PE % | 80 | 18 | 62 pts above |
BTI is trading at 16x earnings, a 19% discount to the Consumer Defensive sector's median of 19x, though its earnings don't support one.
BTI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $58.3 | 4.6% above |
| 20 week MA | $58.4 | 4.5% above |
| 50 week MA | $59.0 | 3.4% above |
| 100 week MA | $53.0 | 15% above |
| 200 week MA | $43.1 | 42% above |
BTI is in an uptrend: it's above all five of its weekly moving averages, and 42% above its 200-week average.
BTI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.5 | $37.3 | -12% |
| 2021 | $37.3 | $37.1 | -0.5% |
| 2022 | $37.1 | $40.6 | +9.5% |
| 2023 | $40.6 | $29.3 | -28% |
| 2024 | $29.3 | $36.3 | +24% |
| 2025 | $36.3 | $57.3 | +58% |
| 2026 YTD | $57.3 | $61.0 | +6.6% |
BTI has finished lower in three of the last six years. It's up 6.6% so far in 2026.