Altria Group (MO) — Free Cash Flow Generation Index
Altria Group (MO) has a Free Cash Flow Generation Index of 0.96x as of March 2026. Free cash flow of $2.23 Billion represents 1% of operating cash flow ($2.32 Billion). Explore Altria Group capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Altria Group Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Altria Group across 37 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Altria Group.
Annual Free Cash Flow Generation for Altria Group (1989–2025)
Year-by-year Free Cash Flow Generation Index for Altria Group. Check Altria Group total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.98x | $9.07 Billion | $9.29 Billion | $216.00 Million | ▼ -0.7% |
| 2024 | 0.98x | $8.61 Billion | $8.75 Billion | $142.00 Million | ▲ +0.5% |
| 2023 | 0.98x | $9.09 Billion | $9.29 Billion | $196.00 Million | ▲ +0.4% |
| 2022 | 0.98x | $8.05 Billion | $8.26 Billion | $205.00 Million | ▼ -0.5% |
| 2021 | 0.98x | $8.24 Billion | $8.40 Billion | $169.00 Million | ▲ +0.8% |
| 2020 | 0.97x | $8.15 Billion | $8.38 Billion | $231.00 Million | ▲ +0.4% |
| 2019 | 0.97x | $7.59 Billion | $7.84 Billion | $246.00 Million | ▼ -0.3% |
| 2018 | 0.97x | $8.15 Billion | $8.39 Billion | $238.00 Million | ▲ +1.3% |
| 2017 | 0.96x | $4.72 Billion | $4.92 Billion | $199.00 Million | ▲ +1.0% |
| 2016 | 0.95x | $3.60 Billion | $3.79 Billion | $189.00 Million | ▼ -1.1% |
| 2015 | 0.96x | $5.58 Billion | $5.81 Billion | $229.00 Million | ▼ -0.5% |
| 2014 | 0.97x | $4.50 Billion | $4.66 Billion | $163.00 Million | ▼ -0.5% |
| 2013 | 0.97x | $4.24 Billion | $4.38 Billion | $131.00 Million | ▲ +0.2% |
| 2012 | 0.97x | $3.78 Billion | $3.90 Billion | $124.00 Million | ▼ -0.3% |
| 2011 | 0.97x | $3.51 Billion | $3.61 Billion | $105.00 Million | ▲ +3.4% |
| 2010 | 0.94x | $2.60 Billion | $2.77 Billion | $168.00 Million | ▲ +2.0% |
| 2009 | 0.92x | $3.17 Billion | $3.44 Billion | $273.00 Million | ▼ -3.1% |
| 2008 | 0.95x | $4.64 Billion | $4.88 Billion | $241.00 Million | ▲ +10.7% |
| 2007 | 0.86x | $8.85 Billion | $10.30 Billion | $1.46 Billion | ▲ +4.8% |
| 2006 | 0.82x | $11.13 Billion | $13.59 Billion | $2.45 Billion | ▲ +2.4% |
| 2005 | 0.80x | $8.85 Billion | $11.06 Billion | $2.21 Billion | ▼ -2.9% |
| 2004 | 0.82x | $8.98 Billion | $10.89 Billion | $1.91 Billion | ▲ +0.8% |
| 2003 | 0.82x | $8.84 Billion | $10.82 Billion | $1.97 Billion | ▲ +0.8% |
| 2002 | 0.81x | $8.60 Billion | $10.61 Billion | $2.01 Billion | ▲ +3.4% |
| 2001 | 0.78x | $6.97 Billion | $8.89 Billion | $1.92 Billion | ▼ -7.5% |
| 2000 | 0.85x | $9.36 Billion | $11.04 Billion | $1.68 Billion | ▲ +0.2% |
| 1999 | 0.85x | $9.63 Billion | $11.38 Billion | $1.75 Billion | ▲ +9.1% |
| 1998 | 0.78x | $6.30 Billion | $8.12 Billion | $1.82 Billion | ▲ +0.1% |
| 1997 | 0.78x | $6.47 Billion | $8.34 Billion | $1.87 Billion | ▲ +13.0% |
| 1996 | 0.69x | $5.24 Billion | $7.63 Billion | $2.40 Billion | ▼ -9.5% |
| 1995 | 0.76x | $5.07 Billion | $6.69 Billion | $1.62 Billion | ▲ +0.8% |
| 1994 | 0.75x | $5.21 Billion | $6.94 Billion | $1.73 Billion | ▲ +136.4% |
| 1993 | 0.32x | $2.21 Billion | $6.97 Billion | $4.75 Billion | ▼ -58.8% |
| 1992 | 0.77x | $5.31 Billion | $6.88 Billion | $1.57 Billion | ▲ +6.5% |
| 1991 | 0.72x | $4.54 Billion | $6.26 Billion | $1.72 Billion | ▼ -3.2% |
| 1990 | 0.75x | $4.03 Billion | $5.38 Billion | $1.35 Billion | ▲ +13.9% |
| 1989 | 0.66x | $2.39 Billion | $3.63 Billion | $1.25 Billion | — |