British American Tobacco/$BTI
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Capital at risk
About British American Tobacco
The third-largest tobacco company by volume, British American Tobacco sold 465 billion cigarettes in 2025. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the US. In next-generation products, the company has the Vuse brand in vaping, glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 22.9% stake in ITC limited, the largest Indian cigarette company.
- Ticker
- $BTI
- Sector
- Consumer Essentials
- Primary listing
- NYSE
- Employees
- 47,797
- Headquarters
- London, United Kingdom
- Website
- www.bat.com
BTI Metrics
BasicAdvanced
$121B
14.42
$3.89
0.11
$3.20
5.85%
Price and volume
Market cap
$121B
Beta
0.11
52-week high
$67.30
52-week low
$49.88
Average daily volume
4.9M
Dividend rate
$3.20
Financial strength
Current ratio
0.835
Quick ratio
0.479
Long term debt to equity
0.639
Total debt to equity
0.722
Dividend payout ratio (TTM)
82.63%
Interest coverage (TTM)
5.20%
Profitability
EBITDA (TTM)
14,985.27
Gross margin (TTM)
82.72%
Net profit margin (TTM)
24.99%
Operating margin (TTM)
34.73%
Effective tax rate (TTM)
22.90%
Revenue per employee (TTM)
$722,560
Management effectiveness
Return on assets (TTM)
5.12%
Return on equity (TTM)
13.42%
Valuation
Price to earnings (TTM)
14.423
Price to revenue (TTM)
3.533
Price to book
1.95
Price to tangible book (TTM)
-2.23
Price to free cash flow (TTM)
13.525
Free cash flow yield (TTM)
7.39%
Free cash flow per share (TTM)
4.147
Dividend yield (TTM)
5.70%
Forward dividend yield
5.85%
Growth
Revenue change (TTM)
0.70%
Earnings per share change (TTM)
111.11%
3-year revenue growth (CAGR)
-2.98%
10-year revenue growth (CAGR)
6.78%
3-year earnings per share growth (CAGR)
-9.15%
10-year earnings per share growth (CAGR)
2.30%
3-year dividend per share growth (CAGR)
1.06%
10-year dividend per share growth (CAGR)
4.63%
What the Analysts think about BTI
Analyst ratings (Buy, Hold, Sell) for British American Tobacco stock.
Analyst projections of the future price of British American Tobacco stock.
Bulls say / Bears say
New Categories revenue grew 18.0% in H1 2026, with smokeless products reaching 19.8% of group revenue and the consumer base expanding to 35 million, supporting BAT’s long-term shift beyond cigarettes. (BAT)
The U.S. delivered 8.5% revenue growth and 58.1% growth in New Categories revenue in H1 2026; planned Velo Max and selected Vuse flavour launches in the second half could extend momentum in BAT’s largest market. (BAT)
Capital returns remain supportive: BAT is on track for a £1.3 billion 2026 share buyback, expects dividend growth in sterling terms, and reaffirmed 2026 adjusted EPS growth guidance of 5–8%, toward the middle of the range. (BAT)
APMEA revenue fell 6.3% at constant exchange rates in H1 2026, while BAT expects global cigarette-industry volumes to decline by approximately 3% for the full year, highlighting continued exposure to combustible-tobacco erosion. (BAT)
Reported operating profit declined 15.8% and reported diluted EPS fell 28.6% in H1 2026; although largely affected by a prior-year Canadian settlement credit, the result underscores earnings volatility and the limits of adjusted metrics. (BAT)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
BTI Financial Performance
Revenues and expenses
BTI Earnings Performance
Company profitability
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