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British American Tobacco p.l.c. stock: growth
BTIBritish American Tobacco p.l.c. reported $33.95B in revenue for fiscal 2025, down 1% on the prior year, down 0.1% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
5.2%
per year from 2006 to 2025, per share 5.4%
Earnings (Annual rate)
7.7%
per year from 2006 to 2025, per share 7.3%
Free cash flow (Annual rate)
7.6%
per year from 2006 to 2025, per share 7.7%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | −0.1% | 7.4% | 5.2% |
| Revenue per share | 0.5% | 7.7% | 5.4% |
| Earnings | 3.9% | 6.1% | 7.7% |
| Earnings per share | 4.6% | 4.3% | 7.3% |
| Free cash flow | −9.0% | 3.2% | 7.6% |
| Free cash flow per share | −8.4% | 3.5% | 7.7% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $12.94B | $2.51B | $1.92B |
| 2007 | $13.28B | $2.82B | $2.36B |
| 2008 | $16.07B | $3.26B | $3.79B |
| 2009 | $18.83B | $3.6B | $3.47B |
| 2010 | $19.73B | $3.82B | $4.45B |
| 2011 | $20.41B | $4.1B | $4.4B |
| 2012 | $20.14B | $5.09B | $4.99B |
| 2013 | $20.23B | $5.17B | $5.12B |
| 2014 | $18.52B | $4.13B | $4.22B |
| 2015 | $16.62B | $5.69B | $5.62B |
| 2016 | $18.73B | $6.16B | $5.33B |
| 2017 | $25.93B | $49.75B | $6.04B |
| 2018 | $32.47B | $8B | $12.64B |
| 2019 | $34.3B | $7.56B | $11.04B |
| 2020 | $34.17B | $8.48B | $12.29B |
| 2021 | $34.05B | $9.02B | $12.18B |
| 2022 | $36.66B | $8.84B | $13.08B |
| 2023 | $36.17B | −$19.04B | $13.59B |
| 2024 | $34.29B | $4.07B | $12.62B |
| 2025 | $33.95B | $10.29B | $7.68B |
Revenue by segment
How British American Tobacco p.l.c. makes its money and how that has shifted. Names are as the company reports them.
- Combustibles$26.8B79%
- Traditional Oral$1.4B4%
- Other$5.8B17%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies. The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Combustibles | $26.78B | 78.9% |
| Traditional Oral | $1.38B | 4.1% |
| Other | $5.79B | 17% |
| Total revenue | $33.95B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = £0.7544)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 May 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.