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STOCKS

British American Tobacco (BTI)

NYSE:BTI

BTI

British American Tobacco

RESEARCH TOOLSreports

British American Tobacco (BTI) Ratios

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5,085 Followers

British American Tobacco Ratios

BTI's free cash flow for Q4 2025 was £0.83. For the 2025 fiscal year, BTI's free cash flow was decreased by £ and operating cash flow was £0.40. See a summary of the company’s cash flow.

Ratios	TTM	Dec 25	Dec 24	Dec 23	Dec 22
Liquidity Ratios
Current Ratio	0.87	0.87	0.76	0.91	0.86
Quick Ratio	0.57	0.57	0.52	0.59	0.55
Cash Ratio	0.26	0.26	0.28	0.15	0.19
Solvency Ratio	0.17	0.16	0.09	-0.21	0.09
Operating Cash Flow Ratio	0.34	0.44	0.54	0.68	0.58
Short-Term Operating Cash Flow Coverage	1.53	1.98	2.43	2.56	2.43
Net Current Asset Value	£ -48.46B	£ -48.46B	£ -54.61B	£ -51.60B	£ -62.43B
Leverage Ratios
Debt-to-Assets Ratio	0.33	0.32	0.31	0.33	0.28
Debt-to-Equity Ratio	0.75	0.73	0.74	0.76	0.57
Debt-to-Capital Ratio	0.43	0.42	0.43	0.43	0.36
Long-Term Debt-to-Capital Ratio	0.40	0.40	0.39	0.40	0.34
Financial Leverage Ratio	2.28	2.28	2.40	2.26	2.04
Debt Service Coverage Ratio	2.12	1.92	1.40	2.66	1.64
Interest Coverage Ratio	5.91	5.50	2.49	-8.35	6.33
Debt to Market Cap	0.37	0.38	0.57	0.75	0.57
Interest Debt Per Share	17.21	16.87	17.19	18.73	19.88
Net Debt to EBITDA	2.54	2.66	4.09	2.81	3.25
Profitability Margins
Gross Profit Margin	61.35%	83.50%	82.85%	82.07%	82.63%
EBIT Margin	39.05%	38.09%	17.92%	46.33%	41.59%
EBITDA Margin	48.99%	45.91%	29.91%	48.66%	44.21%
Operating Profit Margin	39.60%	39.04%	10.58%	-57.73%	38.05%
Pretax Profit Margin	38.50%	38.50%	13.68%	-62.53%	33.72%
Net Profit Margin	30.23%	30.32%	11.86%	-52.66%	24.10%
Continuous Operations Profit Margin	30.32%	30.32%	12.30%	-52.01%	24.76%
Net Income Per EBT	78.53%	78.75%	86.72%	84.21%	71.49%
EBT Per EBIT	97.22%	98.62%	129.31%	108.32%	88.61%
Return on Assets (ROA)	7.08%	7.10%	2.58%	-12.10%	4.34%
Return on Equity (ROE)	16.33%	16.20%	6.18%	-27.33%	8.84%
Return on Capital Employed (ROCE)	10.70%	10.55%	2.73%	-15.29%	7.76%
Return on Invested Capital (ROIC)	8.14%	8.02%	2.35%	-12.20%	5.51%
Return on Tangible Assets	34.63%	34.73%	12.46%	-62.05%	27.24%
Earnings Yield	8.25%	8.45%	4.77%	-27.60%	8.95%
Efficiency Ratios
Receivables Turnover	5.99	6.74	9.06	7.19	6.12
Payables Turnover	1.06	0.45	0.46	0.50	0.46
Inventory Turnover	2.26	0.96	0.96	0.99	0.85
Fixed Asset Turnover	5.71	5.71	5.91	5.95	5.68
Asset Turnover	0.23	0.23	0.22	0.23	0.18
Working Capital Turnover Ratio	-12.93	-8.14	-8.72	-13.88	-11.57
Cash Conversion Cycle	-121.50	-373.00	-366.30	-304.63	-303.42
Days of Sales Outstanding	60.89	54.19	40.29	50.74	59.60
Days of Inventory Outstanding	161.59	378.47	379.81	368.51	430.87
Days of Payables Outstanding	343.98	805.66	786.40	723.88	793.90
Operating Cycle	222.48	432.66	420.10	419.25	490.48
Cash Flow Ratios
Operating Cash Flow Per Share	2.26	2.90	4.57	4.82	4.61
Free Cash Flow Per Share	2.00	2.65	4.30	4.61	4.38
CapEx Per Share	0.25	0.25	0.27	0.21	0.23
Free Cash Flow to Operating Cash Flow	0.89	0.91	0.94	0.96	0.95
Dividend Paid and CapEx Coverage Ratio	0.85	1.12	1.74	1.92	1.91
Capital Expenditure Coverage Ratio	8.92	11.51	16.65	23.29	19.87
Operating Cash Flow Coverage Ratio	0.14	0.18	0.27	0.27	0.24
Operating Cash Flow to Sales Ratio	0.19	0.25	0.39	0.39	0.38
Free Cash Flow Yield	4.67%	6.30%	14.81%	19.70%	13.25%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	12.12	11.84	20.94	-3.62	11.17
Price-to-Sales (P/S) Ratio	3.65	3.59	2.48	1.91	2.69
Price-to-Book (P/B) Ratio	1.96	1.92	1.29	0.99	0.99
Price-to-Free Cash Flow (P/FCF) Ratio	21.42	15.87	6.75	5.08	7.55
Price-to-Operating Cash Flow Ratio	19.10	14.49	6.35	4.86	7.17
Price-to-Earnings Growth (PEG) Ratio	0.08	0.08	-0.17	0.01	-8.30
Price-to-Fair Value	1.96	1.92	1.29	0.99	0.99
Enterprise Value Multiple	9.99	10.47	12.40	6.74	9.34
Enterprise Value	125.37B	123.14B	95.91B	89.43B	114.18B
EV to EBITDA	9.99	10.47	12.40	6.74	9.34
EV to Sales	4.90	4.81	3.71	3.28	4.13
EV to Free Cash Flow	28.74	21.26	10.08	8.72	11.57
EV to Operating Cash Flow	25.52	19.42	9.47	8.35	10.99
Tangible Book Value Per Share	-17.82	-17.67	-20.00	-19.19	-23.68
Shareholders’ Equity Per Share	22.02	21.91	22.42	23.66	33.44
Tax and Other Ratios
Effective Tax Rate	0.21	0.21	0.10	0.17	0.27
Revenue Per Share	11.76	11.71	11.68	12.28	12.27
Net Income Per Share	3.56	3.55	1.39	-6.47	2.96
Tax Burden	0.79	0.79	0.87	0.84	0.71
Interest Burden	0.99	1.01	0.76	-1.35	0.81
Research & Development to Revenue	0.00	0.00	0.01	0.01	0.01
SG&A to Revenue	0.00	<0.01	0.11	0.10	0.10
Stock-Based Compensation to Revenue	0.00	0.00	0.00	0.00	0.00
Income Quality	0.64	0.82	3.18	-0.76	1.56

Currency in GBP