British American Tobacco/$BTI

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About British American Tobacco

The third-largest tobacco company by volume, British American Tobacco sold 518 billion cigarettes in 2024. 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

Primary listing

NYSE

Employees

48,989

BTI Metrics

BasicAdvanced
$124B
30.71
$1.87
0.15
$3.05
5.50%

What the Analysts think about BTI

Analyst ratings (Buy, Hold, Sell) for British American Tobacco stock.

Bulls say / Bears say

First-half 2025 adjusted diluted EPS rose to 162 pence from 159.4 pence a year earlier, beating the 154.8 pence consensus and driven by a U.S. rebound and strong Velo pouch demand. (Reuters)
Sale of a $1.5 billion (2.5%) stake in ITC funded a £200 million expansion of BAT’s 2025 share buyback to £1.1 billion, underscoring disciplined capital allocation and shareholder returns. (Reuters)
BAT plans to pilot Vuse One, a synthetic-nicotine disposable vape pending FDA authorization, marking a strategic entry into the fast-growing U.S. synthetic-nicotine segment. (Reuters)
Projected revenue growth of just ~1% in 2025 reflects significant excise and regulatory headwinds in key markets such as Bangladesh and Australia, constraining top-line expansion. (Reuters)
Illicit, unregulated disposable vapes have eroded legal U.S. vape market volumes by an estimated 9%, undermining BAT’s next-generation product sales and weighing on overall New Category performance. (Reuters)
BAT took a £6.2 billion charge in early 2025 related to a proposed C$32.5 billion Canadian litigation settlement, posing a substantial cash outflow risk despite management’s assertion of minimal impact on forecasts. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 6 Sept 2025.

BTI Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

BTI Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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