British American Tobacco p.l.c. (BTI)
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. 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. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.
- Ticker
- BTI
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Tobacco
- 52-week range
- $52.06 - $67.30
Valuation
- Share price
- $60.89 (close of Nov 6, 2026)
- P/E (TTM)
- 12.89x
- Price to book
- 2.17x
- Price to free cash flow
- 18.07x
Price performance
| Period | Change |
|---|---|
| 1 day | -3.47% |
| 5 days | -1.02% |
| 1 month | +14.87% |
| 3 months | +3.68% |
| 6 months | +2.23% |
| Year to date | +7.54% |
| 1 year | +12.32% |
| 3 years | +96.23% |
| 5 years | +76.08% |
| 10 years | +8.29% |
| All time | +9,404.78% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 0.21%
- Shares short
- 3.68M
- Days to cover
- 0.86
- Change since prior report
- +27.32%
- Source
- FINRA consolidated short interest
Profitability and growth
- Return on equity
- 16.13%
- Return on invested capital
- 9.50%
- Return on assets
- 7.10%
- Return on capital employed
- 10.55%
- Gross margin
- 44.70%
- Net margin
- 30.32%
- EBITDA margin
- 48.98%
- Revenue growth
- -0.99%
- Net income growth
- 153.06%
- Free cash flow growth
- -39.92%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 5.53%
- Current ratio
- 0.87x
- Net debt to EBITDA
- 2.22x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 2.19B
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 44.70% | 30.32% | 16.13% | 9.50% |
| 2024-12-31 | 16.34% | 11.86% | 6.14% | 2.74% |
| 2023-12-31 | - | -52.66% | -27.14% | -13.90% |
| 2022-12-31 | 43.41% | 24.10% | 8.80% | 6.77% |
| 2021-12-31 | 45.87% | 26.48% | 10.09% | 7.51% |
| 2020-12-31 | 44.09% | 24.83% | 10.17% | 7.35% |
| 2019-12-31 | 40.74% | 22.04% | 8.89% | 6.35% |
| 2018-12-31 | 39.08% | 24.63% | 9.18% | 6.34% |
| 2017-12-31 | 33.75% | 191.60% | 61.47% | 5.81% |
| 2016-12-31 | 33.96% | 32.89% | 55.29% | 11.64% |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-02-12 | Dec 2025 | - |
| 2025-07-23 | - | - |
| 2025-02-06 | - | - |
| 2024-07-25 | - | - |
| 2024-02-08 | - | - |
| 2023-12-30 | - | - |
| 2023-09-30 | - | - |
| 2023-07-26 | - | - |
Filings and sources
- Company website
- bat.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Philip Morris International Inc. (PM) · Altria Group, Inc. (MO) · Diageo plc (DEO) · Brown-Forman Corp (BF-B) · Anheuser-Busch InBev SA/NV (BUD) · Constellation Brands, Inc. (STZ) · Molson Coors Beverage Co (TAP) · Mexican Economic Development Inc (FMX)
All Consumer Defensive companies
Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades