British American Tobacco p.l.c. (BTI) Earnings History
Annual and quarterly earnings data from 1995 to 2024
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BTI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BTI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 82.9% | 10.6% | 11.9% |
| 2023 | 82.1% | -57.7% | -52.7% |
| 2022 | 82.6% | 38.1% | 24.1% |
| 2021 | 82.1% | 39.8% | 26.5% |
| 2020 | 82.7% | 38.6% | 24.8% |
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British American Tobacco p.l.c. (BTI) Earnings Overview
As of May 8, 2026, British American Tobacco p.l.c. (BTI) reported trailing twelve-month net income of -$10.75B, reflecting +121.0% year-over-year growth. The company earned $-4.87 per diluted share over the past four quarters, with a net profit margin of 11.9%.
Looking at the long-term picture, BTI's 5-year EPS compound annual growth rate (CAGR) stands at -11.4%, signaling declining earnings. The company achieved its highest annual net income of $37.53B in fiscal 2017.
British American Tobacco p.l.c. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including MO ($8.05B net income, 34.5% margin), PM ($11.10B net income, 27.9% margin), TPB ($58M net income, 12.6% margin), BTI has room to improve margins relative to the peer group. Compare BTI vs MO →
BTI Earnings vs Peers
Earnings metrics vs comparable public companies
BTI Historical Earnings Data (1995–2024)
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $3.07B | +121.4% | $2.74B | $1.36 | 11.9% | 10.6% |
| 2023 | -$14.37B | -315.5% | -$15.75B | $-6.47 | -52.7% | -57.7% |
| 2022 | $6.67B | -2.0% | $10.52B | $2.92 | 24.1% | 38.1% |
| 2021 | $6.80B | +6.3% | $10.23B | $2.96 | 26.5% | 39.8% |
| 2020 | $6.40B | +12.2% | $9.96B | $2.79 | 24.8% | 38.6% |
| 2019 | $5.70B | -5.4% | $10.41B | $2.49 | 22.0% | 40.2% |
| 2018 | $6.03B | -83.9% | $10.03B | $2.66 | 24.6% | 41.0% |
| 2017 | $37.53B | +707.5% | $7.17B | $18.28 | 191.8% | 36.6% |
| 2016 | $4.65B | +8.3% | $5.26B | $2.49 | 32.9% | 37.2% |
| 2015 | $4.29B | +37.7% | $4.93B | $2.30 | 34.2% | 39.4% |
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Start ComparisonBTI — Frequently Asked Questions
Quick answers to the most common questions about buying BTI stock.
Is BTI growing earnings?
BTI EPS is $-4.87, with earnings growth accelerating to +121.0%. This exceeds the 5-year CAGR of -11.4%. TTM net income reached $-10.7B.
What are BTI's profit margins?
British American Tobacco p.l.c. net margin is +11.9%, with operating margin at +10.6%. Margins sit within typical range for the sector.
How consistent are BTI's earnings?
BTI earnings data spans 1995-2024. The accelerating earnings trend is +121.0% YoY. Historical data enables comparison across business cycles.