Growth Streak≈2Consecutive years of dividend growth
Ex-date
Amount
Currency
Yield
Jul 10, 2026
$0.84
USD
≈5.3%
Mar 27, 2026
$0.84
USD
≈5.3%
Dec 30, 2025
$0.75
USD
≈5.3%
Oct 3, 2025
$0.75
USD
≈5.8%
Jun 27, 2025
$0.75
USD
≈6.4%
Mar 28, 2025
$0.75
USD
≈7.4%
Dec 20, 2024
$0.74
USD
≈8.2%
Sep 27, 2024
$0.74
USD
≈8.0%
Jun 28, 2024
$0.74
USD
≈9.3%
Mar 21, 2024
$0.74
USD
≈9.4%
Dec 21, 2023
$0.70
USD
≈9.6%
Sep 28, 2023
$0.70
USD
≈9.1%
Jul 13, 2023
$0.70
USD
≈8.7%
Mar 23, 2023
$0.70
USD
≈8.4%
Dec 22, 2022
$0.74
USD
≈7.3%
Sep 29, 2022
$0.74
USD
≈8.2%
Jul 7, 2022
$0.74
USD
≈7.3%
Mar 24, 2022
$0.74
USD
≈6.9%
Dec 22, 2021
$0.75
USD
≈8.1%
Sep 30, 2021
$0.75
USD
≈8.3%
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise0.14%
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
$1.68
$1.65
1.5%
Dec. 31, 2025
$1.90
$1.89
0.60%
June 30, 2025
$1.62
$1.60
0.94%
Dec. 31, 2024
$1.93
$1.96
-1.2%
June 30, 2024
$1.69
$1.71
-1.1%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement13
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$25.61B
$25.87B
$27.28B
$27.66B
$25.68B
$25.78B
$25.88B
$24.49B
$19.56B
$14.13B
R&D Expense
$358M
$380M
$408M
$323M
$304M
$307M
$376M
$258M
$191M
$144M
Operating Income
$10.00B
$2.74B
$-15.75B
$10.52B
$10.23B
$9.96B
$9.02B
$9.31B
$6.41B
$4.66B
Interest Expense
$1.66B
$1.70B
$1.79B
$1.60B
$1.44B
$1.60B
$1.68B
$1.59B
$1.08B
$645M
Interest Income
$214M
$251M
$186M
$92M
$35M
$50M
$84M
$68M
$103M
$44M
Pretax Income
$9.86B
$3.54B
$-17.06B
$9.32B
$9.16B
$8.67B
$7.91B
$8.35B
$29.53B
$6.25B
Income Tax
$2.09B
$357M
$-2.87B
$2.48B
$2.19B
$2.11B
$2.06B
$2.14B
$-8.13B
$1.41B
Net Income
$7.76B
$3.07B
$-14.37B
$6.67B
$6.80B
$6.40B
$5.70B
$6.03B
$37.48B
$4.65B
EPS (Basic)
$3.51
$1.37
$-6.47
$2.93
$2.97
$2.80
$2.50
$2.64
$18.34
$2.50
EPS (Diluted)
$3.49
$1.36
$-6.47
$2.92
$2.96
$2.79
$2.49
$2.63
$18.28
$2.49
Shares (Basic)
2,187,000,000
2,214,000,000
2,229,000,000
2,256,000,000
2,287,000,000
2,286,000,000
2,284,000,000
2,285,000,000
·
·
Shares (Diluted)
2,199,000,000
2,225,000,000
2,229,000,000
2,267,000,000
2,297,000,000
2,295,000,000
2,291,000,000
2,292,000,000
·
·
EBITDA
$10.00B
$2.74B
$-15.75B
$10.52B
$10.23B
$9.96B
$9.02B
$9.31B
$6.48B
·
Balance Sheet11
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Cash & Equivalents
$1.92B
$3.43B
$3.25B
$3.12B
$2.53B
$2.94B
$2.26B
$2.07B
$1.97B
$1.63B
Receivables
$3.80B
$3.60B
$3.62B
$4.37B
$3.95B
$3.72B
$4.09B
$3.59B
$4.05B
$3.88B
Inventory
$4.38B
$4.62B
$4.94B
$5.67B
$5.28B
$6.00B
$6.09B
$6.03B
$5.86B
$5.79B
Current Assets
$12.68B
$14.29B
$14.19B
$15.41B
$12.81B
$13.61B
$13.27B
$12.65B
$13.97B
$12.36B
PP&E (Net)
·
·
$4.58B
$4.87B
$4.95B
$5.06B
$5.52B
$5.78B
$4.88B
$3.66B
Goodwill
$38.92B
$41.13B
$41.09B
$47.96B
$43.19B
$43.32B
$44.32B
$46.16B
$44.15B
$11.02B
Total Assets
$109.29B
$118.90B
$118.72B
$153.55B
$137.37B
$137.69B
$141.00B
$146.34B
$141.04B
$39.77B
Accounts Payable
$9.33B
$9.55B
$9.70B
$10.45B
$9.58B
$9.69B
$9.73B
$10.63B
$8.85B
$7.33B
Current Liabilities
$14.52B
$18.74B
$15.67B
$17.85B
$15.14B
$15.48B
$18.82B
$16.33B
$15.54B
$11.86B
Retained Earnings
$22.93B
$21.61B
$24.53B
$44.08B
$44.21B
$42.04B
$40.23B
$38.56B
$36.98B
$3.33B
Stockholders' Equity
$46.03B
$47.96B
$50.88B
$73.68B
$65.42B
$62.67B
$63.90B
$65.44B
$60.80B
$8.18B
Cash Flow7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Operating Cash Flow
$6.34B
$10.12B
$10.71B
$10.39B
$9.72B
$9.79B
$9.00B
$10.29B
$5.35B
$4.61B
CapEx
$551M
$486M
$460M
$523M
$527M
$511M
$664M
$758M
$791M
$586M
Investing Cash Flow
$1.39B
$1.38B
$-296M
$-705M
$-1.14B
$-783M
$-639M
$-1.02B
$-18.54B
$-640M
Dividends Paid
·
·
·
·
$5.00B
$4.95B
·
·
·
·
Financing Cash Flow
$-8.76B
$-10.63B
$-9.31B
$-8.88B
$-8.75B
$-7.90B
$-8.59B
$-9.63B
$14.76B
$-4.23B
Free Cash Flow
$5.79B
$9.64B
$10.25B
$9.87B
$9.19B
$9.28B
$8.33B
$9.54B
$4.56B
·
Levered FCF
$4.49B
$8.11B
$8.77B
$8.69B
$8.10B
$8.06B
$7.09B
$8.35B
$3.18B
·
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Operating Margin
39.0%
10.6%
-57.7%
38.0%
39.9%
38.6%
34.8%
38.0%
31.9%
·
Net Margin
30.3%
11.9%
-52.7%
24.1%
26.5%
24.8%
22.0%
24.6%
185.0%
·
Pretax Margin
38.5%
13.7%
-62.5%
33.7%
35.7%
33.6%
30.6%
34.1%
145.8%
·
EBITDA Margin
39.0%
10.6%
-57.7%
38.0%
39.9%
38.6%
34.8%
38.0%
31.9%
·
ROA
6.8%
2.6%
-10.5%
4.6%
5.0%
4.6%
4.0%
4.2%
41.5%
·
ROE
16.5%
6.2%
-23.1%
9.6%
10.6%
10.1%
8.8%
9.6%
108.8%
·
ROIC
17.1%
5.1%
-25.8%
10.5%
11.9%
12.0%
10.4%
10.6%
13.6%
·
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Current Ratio
0.9
0.8
0.9
0.9
0.8
0.9
0.7
0.8
0.9
·
Quick Ratio
0.4
0.4
0.4
0.4
0.4
0.4
0.3
0.3
0.4
·
Interest Coverage
6.0
1.6
-8.8
6.6
7.1
6.2
5.4
5.8
6.0
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Asset Turnover
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
·
Receivables Turnover
6.9
7.2
6.8
6.6
6.7
6.6
6.7
6.4
5.1
·
Per Share4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue / Share
$11.65
$11.63
$12.24
$12.20
$11.18
$11.23
·
·
·
·
Cash Flow / Share
$2.88
$4.55
$4.81
$4.58
$4.23
$4.26
·
·
·
·
Dividend / Share
$2.45
$2.40
$2.36
$2.31
$2.18
$2.16
$2.10
$2.03
·
·
EPS (TTM)
$3.49
$1.36
$-6.47
$2.92
$2.96
$2.79
$2.49
$2.63
$18.28
·
Valuation (TTM)6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue TTM
$25.61B
$25.87B
$27.28B
$27.66B
$25.68B
$25.78B
$25.88B
$24.49B
$19.56B
·
Net Income TTM
$7.76B
$3.07B
$-14.37B
$6.67B
$6.80B
$6.40B
$5.70B
$6.03B
$37.48B
·
P/E
16.2
26.7
-4.5
13.7
12.7
13.4
17.1
12.1
3.7
·
Earnings Yield
6.2%
3.7%
-22.1%
7.3%
7.9%
7.4%
5.9%
8.3%
27.3%
·
Payout Ratio
·
·
·
·
73.6%
77.3%
·
·
·
·
Annual Payout
·
·
·
·
$5.00B
$4.95B
·
·
·
·
No quarterly filings for BTI
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$25.61B
$25.87B
$27.28B
$27.66B
$25.68B
Operating Margin %
39.0%
10.6%
-57.7%
38.0%
39.9%
Net Income
$7.76B
$3.07B
$-14.37B
$6.67B
$6.80B
Diluted EPS
$3.49
$1.36
$-6.47
$2.92
$2.96
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
0.9
0.8
0.9
0.9
0.8
Quick Ratio
0.4
0.4
0.4
0.4
0.4
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$5.79B
$9.64B
$10.25B
$9.87B
$9.19B
Institutional owners (13F)
987 filers
· $20.4B total
· As of Sept. 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders987
Value held$20.4B
New positions100
Exited positions53
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
100 (-31 vs prior Q)
53 (-3 vs prior Q)
390 (-1 vs prior Q)
275 (+41 vs prior Q)
+8.6M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership
Held by 17 ETFs
20
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.