---
title: "British American Tobacco (BTI.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/BTI.US/norm.md"
symbol: "BTI.US"
name: "British American Tobacco"
parent: "https://longbridge.com/en/quote/BTI.US.md"
datetime: "2026-05-20T05:29:10.337Z"
locales:
  - [en](https://longbridge.com/en/quote/BTI.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/BTI.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/BTI.US/norm.md)
---

# British American Tobacco (BTI.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.9784 | 0.9764 | 1.40 | 1.32 | -0.4111 |
| ROE | 13.30% | 13.45% | 19.16% | 18.61% | -5.82% |
| Revenue | 9.12B | 9.10B | 8.27B | 7.81B | 8.49B |
| Net income | 2.15B | 2.14B | 3.08B | 2.91B | -906.44M |
| Operating income | 3.15B | 3.15B | 3.48B | 3.28B | 3.26B |
| Gross margin | 81.82% | 81.82% | 83.59% | 83.59% | 82.21% |
| Net margin | 24.02% | 24.02% | 37.38% | 37.38% | -10.53% |
| Profit quality | 116.09% | 116.09% | 219.75% | 219.75% | 74.63% |

## Balance Sheet (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 147.14B | 146.84B | 151.09B | 142.69B | 149.17B |
| Leverage | 2.27 | 2.27 | 2.34 | 2.34 | 2.38 |
| BVPS | 28.52 | 28.46 | 28.23 | 26.66 | 27.32 |
| Turnover | 0.2245 | 0.2244 | 0.2230 | 0.2241 | 0.2177 |
| Cash & STI | 5.17B | 5.16B | 6.71B | 6.33B | 7.29B |
| Inv & Rec | 5.90B | 5.89B | 6.97B | 6.59B | 5.79B |
| LT assets | 6.04B | 6.02B | 5.70B | 5.38B | 5.49B |
| Net debt | 42.04B | 41.96B | 41.71B | 39.39B | 39.07B |

## Cash Flow Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 2.71B | 2.71B | 1.58B | 1.49B | 4.37B |
| Investing CF | 252.44M | 251.92M | 693.57M | 655.02M | -36.38M |
| Financing CF | -3.13B | -3.12B | -2.82B | -2.66B | -4.56B |
| Free CF | 2.41B | 534.92M | 2.85B | -206.96M | 2.50B |
| OCF coverage | 98.41% | 98.41% | 39.44% | 39.44% | 108.07% |
| Repaid & issued | 176.37M | 176.01M | 2.43B | 2.30B | 21.33M |
| CapEx | -301.59M | -300.97M | -70.59M | -66.67M | -232.10M |

## Distribution Plan

**Dividend Yield**: 4.79

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.834851USD | 2026-12-29 | 2026-12-29 | 2027-02-08 |
| Cash Dividend: 
0.834851USD | 2026-10-02 | 2026-10-02 | 2026-11-12 |
| Cash Dividend: 
0.834851USD | 2026-07-10 | 2026-07-10 | 2026-08-19 |