British Amer Tbco London (BTAFF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Feb 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTAFF SEC filings page.
British Amer Tbco London (BTAFF) reported $34.4B in revenue for fiscal year 2025, up 6.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
Financial Health Signals
We do not publish a peer-relative financial health score for British Amer Tbco London, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
British Amer Tbco London scores 1.74, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $2.5B against total assets of $147.0B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
British Amer Tbco London passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, British Amer Tbco London generates $0.82 in operating cash flow ($8.5B OCF vs $10.4B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
British Amer Tbco London earns $6.03 in operating income for every $1 of interest expense ($13.4B vs $2.2B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
British Amer Tbco London generated $34.4B in revenue in fiscal year 2025. This represents an increase of 6.3% from the prior year.
British Amer Tbco London's EBITDA was $16.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 130.8% from the prior year.
British Amer Tbco London reported $10.4B in net income in fiscal year 2025. This represents an increase of 171.8% from the prior year.
British Amer Tbco London earned $4.69 per diluted share (EPS) in fiscal year 2025. This represents an increase of 175.7% from the prior year.
Cash & Balance Sheet
British Amer Tbco London generated $7.8B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 35.5% from the prior year.
British Amer Tbco London held $5.1B in cash against $42.6B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
British Amer Tbco London's operating margin was 39.0% in fiscal year 2025, reflecting core business profitability. This is up 28.5 percentage points from the prior year.
British Amer Tbco London's net profit margin was 30.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 18.5 percentage points from the prior year.
British Amer Tbco London's ROE was 16.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
British Amer Tbco London invested $481.4M in research and development in fiscal year 2025. This represents an increase of 1.2% from the prior year.
British Amer Tbco London spent $82.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 30.3% from the prior year.
British Amer Tbco London invested $740.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.8% from the prior year.
BTAFF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.4B+6.3% | $32.4B-6.8% | $34.8B+4.1% | $33.4B-3.7% | $34.7B-1.5% | $35.2B+2.6% | $34.3B+9.8% | $31.3B+18.1% | $26.5B+51.8% | $17.4B-9.8% | $19.3B |
| R&D Expenses | $481.4M+1.2% | $475.8M-8.5% | $519.9M+33.3% | $390.1M-4.9% | $410.4M-2.2% | $419.4M-15.9% | $498.9M+51.5% | $329.3M+27.4% | $258.4M+45.5% | $177.7M+100.8% | $88.5M |
| Operating Income | $13.4B+292.4% | $3.4Bn/m | -$20.1B-257.9% | $12.7B-8.0% | $13.8B+1.5% | $13.6B+13.8% | $12.0B+0.6% | $11.9B+37.0% | $8.7B+51.1% | $5.7B-14.5% | $6.7B |
| EBITDA | $16.9B+130.8% | $7.3B-55.4% | $16.4B+14.7% | $14.3B-6.4% | $15.3B-2.1% | $15.6B+11.6% | $14.0B+5.7% | $13.2B+33.5% | $9.9B+52.4% | $6.5B-11.7% | $7.4B |
| Interest Expense | $2.2B+4.5% | $2.1B-6.3% | $2.3B+17.6% | $1.9B-0.2% | $1.9B-11.6% | $2.2B-1.4% | $2.2B+9.5% | $2.0B+39.2% | $1.5B+83.5% | $795.7M-5.8% | $844.9M |
| Income Tax | $2.8B+529.9% | $447.0Mn/m | -$3.7B-222.3% | $3.0B+1.3% | $3.0B+2.6% | $2.9B+5.2% | $2.7B+0.2% | $2.7Bn/m | -$11.0B-734.0% | $1.7B-11.8% | $2.0B |
| Net Income | $10.4B+171.8% | $3.8Bn/m | -$18.3B-327.4% | $8.1B-12.3% | $9.2B+5.0% | $8.7B+15.5% | $7.6B-1.7% | $7.7B-84.8% | $50.7B+784.4% | $5.7B-9.4% | $6.3B |
| EPS (Basic) | $4.72+175.8% | $1.71n/m | -$8.24-332.6% | $3.54-11.6% | $4.01+4.8% | $3.83 | $3.31 | $3.37-86.4% | $24.81+703.8% | $3.09 | $340.49 |
| EPS (Diluted) | $4.69+175.7% | $1.70n/m | -$8.24-333.7% | $3.53-11.7% | $3.99+4.7% | $3.81 | $3.30 | $3.36-86.4% | $24.73+704.2% | $3.07 | $339.60 |
| Diluted Shares (Avg) | 2.20B-1.2% | 2.23B-0.2% | 2.23B-1.7% | 2.27B-1.3% | 2.30B+0.1% | 2.29B | 2.29B | 2.29B | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, SG&A Expenses.
BTAFF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $147.0B-1.3% | $148.9B-1.6% | $151.3B-18.4% | $185.4B0.0% | $185.4B-1.4% | $188.1B+0.5% | $187.1B+0.2% | $186.8B-2.1% | $190.8B+288.9% | $49.1B | N/A |
| Current Assets | $17.1B-4.7% | $17.9B-1.0% | $18.1B-2.9% | $18.6B+7.6% | $17.3B-7.0% | $18.6B+5.6% | $17.6B+9.0% | $16.2B-14.5% | $18.9B+23.9% | $15.2B | N/A |
| Cash & Equivalents | $5.1B-22.4% | $6.6B+11.7% | $5.9B+42.7% | $4.2B+9.7% | $3.8B-11.6% | $4.3B+27.9% | $3.4B+0.9% | $3.3B-25.4% | $4.5B+63.7% | $2.7B | N/A |
| Inventory | $5.9B+2.0% | $5.8B-8.1% | $6.3B-8.1% | $6.8B-3.9% | $7.1B-13.0% | $8.2B+1.3% | $8.1B+5.1% | $7.7B-3.0% | $7.9B+11.0% | $7.1B | N/A |
| Accounts Receivable | $5.1B+13.3% | $4.5B-2.2% | $4.6B-12.5% | $5.3B-1.1% | $5.3B+4.9% | $5.1B-6.4% | $5.4B+18.6% | $4.6B-16.5% | $5.5B+14.4% | $4.8B | N/A |
| Goodwill | $52.3B+1.6% | $51.5B-1.7% | $52.4B-9.6% | $57.9B-0.7% | $58.3B-1.5% | $59.2B+0.6% | $58.8B-0.2% | $58.9B-1.4% | $59.7B+339.2% | $13.6B-1.1% | $13.7B |
| Total Liabilities | $85.1B-4.2% | $88.8B+2.8% | $86.4B-10.4% | $96.5B-0.7% | $97.1B-5.2% | $102.5B+0.2% | $102.3B-0.9% | $103.3B-5.0% | $108.6B+178.7% | $39.0B | N/A |
| Current Liabilities | $19.5B-16.8% | $23.5B+17.5% | $20.0B-7.4% | $21.6B+5.5% | $20.4B-3.3% | $21.1B-15.3% | $25.0B+19.8% | $20.8B-1.3% | $21.1B+44.3% | $14.6B | N/A |
| Non-Current Liabilities | $62.7B-0.2% | $62.8B-1.6% | $63.9B-11.9% | $72.4B-2.1% | $74.0B-8.6% | $81.0B+5.2% | $77.0B-6.2% | $82.1B-5.9% | $87.2B+262.3% | $24.1B | N/A |
| Long-Term Debt | $42.6B+4.3% | $40.9B-9.4% | $45.1B-3.5% | $46.8B-2.9% | $48.1B-11.7% | $54.5B+8.7% | $50.2B-9.2% | $55.2B-7.3% | $59.6B+192.8% | $20.3B | N/A |
| Total Equity | $61.9B+3.1% | $60.0B-7.4% | $64.8B-27.1% | $89.0B+0.8% | $88.3B+3.1% | $85.6B+1.0% | $84.8B+1.5% | $83.5B+1.6% | $82.2B+714.3% | $10.1B+36.0% | $7.4B |
| Retained Earnings | $30.8B+14.0% | $27.1B-13.4% | $31.3B-41.3% | $53.2B-10.8% | $59.7B+3.9% | $57.4B+7.6% | $53.4B+8.5% | $49.2B-1.5% | $50.0B+1116.0% | $4.1B | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
BTAFF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.5B-32.7% | $12.7B-7.1% | $13.7B+8.8% | $12.6B-4.3% | $13.1B-1.9% | $13.4B+12.0% | $11.9B-9.2% | $13.1B+81.6% | $7.2B+27.2% | $5.7B-18.3% | $7.0B |
| Depreciation & Amortization | $3.4B-11.8% | $3.9B-89.4% | $36.5B+2213.6% | $1.6B+8.5% | $1.5B-26.7% | $2.0B-1.3% | $2.0B+51.4% | $1.3B+8.6% | $1.2B+63.0% | $748.9M+18.7% | $631.1M |
| Capital Expenditures | $740.9M+21.8% | $608.5M+3.8% | $586.2M-7.2% | $631.6M-11.2% | $711.5M+1.9% | $698.1M-20.8% | $881.1M-8.9% | $967.4M-9.6% | $1.1B+48.0% | $722.9M+1.5% | $712.2M |
| Free Cash Flow | $7.8B-35.5% | $12.1B-7.6% | $13.1B+9.6% | $11.9B-3.9% | $12.4B-2.1% | $12.7B+14.6% | $11.1B-9.2% | $12.2B+97.5% | $6.2B+24.2% | $5.0B-20.5% | $6.2B |
| Investing Cash Flow | $1.9B+8.3% | $1.7Bn/m | -$377.2Mn/m | -$851.4Mn/m | -$1.5Bn/m | -$1.1Bn/m | -$847.9Mn/m | -$1.3Bn/m | -$25.1Bn/m | -$789.6Mn/m | -$5.9B |
| Financing Cash Flow | -$11.8Bn/m | -$13.3Bn/m | -$11.9Bn/m | -$10.7Bn/m | -$11.8Bn/m | -$10.8Bn/m | -$11.4Bn/m | -$12.3B-161.6% | $20.0Bn/m | -$5.2Bn/m | -$322.9M |
| Dividends Paid | $7.0B+7.9% | $6.5B+1.3% | $6.4B+8.5% | $5.9B-12.1% | $6.8B0.0% | $6.8B+10.8% | $6.1B+10.0% | $5.5B+18.4% | $4.7B+30.6% | $3.6B-12.1% | $4.1B |
| Share Buybacks | $82.0M-30.3% | $117.7M-16.0% | $140.2M+45.1% | $96.6M | N/A | N/A | $6.4B+4.0% | $6.2B-5.7% | $6.6B+9.7% | $6.0B-16.3% | $7.1B |
Not reported in any period shown, so not listed: Stock-Based Compensation.
BTAFF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 39.0%+28.5pp | 10.6%+68.3pp | -57.7%-95.8pp | 38.0%-1.8pp | 39.9%+1.2pp | 38.6%+3.8pp | 34.8%-3.2pp | 38.0%+5.2pp | 32.8%-0.2pp | 32.9%-1.8pp | 34.8% |
| Net Margin | 30.3%+18.5pp | 11.9%+64.5pp | -52.7%-76.8pp | 24.1%-2.4pp | 26.5%+1.6pp | 24.8%+2.8pp | 22.0%-2.6pp | 24.6% | 191.6% | 32.9%+0.2pp | 32.7% |
| Return on Equity | 16.9%+10.5pp | 6.4%+34.6pp | -28.2%-37.3pp | 9.0%-1.3pp | 10.4%+0.2pp | 10.2%+1.3pp | 8.9%-0.3pp | 9.2%-52.5pp | 61.7%+4.9pp | 56.8%-28.4pp | 85.3% |
| Return on Assets | 7.1%+4.5pp | 2.6%+14.7pp | -12.1%-16.4pp | 4.3%-0.6pp | 5.0%+0.3pp | 4.7%+0.6pp | 4.0%-0.1pp | 4.1%-22.4pp | 26.6%+14.9pp | 11.7% | N/A |
| Current Ratio | 0.87+0.1x | 0.76-0.1x | 0.910.0x | 0.860.0x | 0.850.0x | 0.88+0.2x | 0.71-0.1x | 0.78-0.1x | 0.90-0.1x | 1.04 | N/A |
| Debt-to-Equity | 0.690.0x | 0.680.0x | 0.70+0.2x | 0.530.0x | 0.55-0.1x | 0.640.0x | 0.59-0.1x | 0.66-0.1x | 0.72-1.3x | 2.02 | N/A |
| Liabilities-to-Equity | 1.37-0.1x | 1.48+0.1x | 1.33+0.2x | 1.080.0x | 1.10-0.1x | 1.200.0x | 1.210.0x | 1.24-0.1x | 1.32-2.5x | 3.86 | N/A |
| Asset Turnover | 0.230.0x | 0.220.0x | 0.230.0x | 0.180.0x | 0.190.0x | 0.190.0x | 0.180.0x | 0.170.0x | 0.14-0.2x | 0.36 | N/A |
| FCF Margin | 22.6%-14.6pp | 37.3%-0.3pp | 37.6%+1.9pp | 35.7%-0.1pp | 35.8%-0.2pp | 36.0%+3.8pp | 32.2%-6.7pp | 38.9%+15.7pp | 23.3%-5.2pp | 28.5%-3.8pp | 32.3% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: The current ratio is below 1.0 (0.87), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| British Amer Tbco London BTAFF | FY2025 | $34.4B | $10.4B | 30.3% | $131.3B | — |
| Unilever PLC GBP UNLYF | FY2025 | $59.3B | $11.1B | 18.8% | $140.5B | — |
| Diageo plc DGEAF | FY2026 | $27.8B | $2.0B | 7.0% | $52.7B | — |
| Pyxus Intl Inc New PYYX | FY2026 | $2.4B | $14.6M | 0.6% | $62.3M | — |
| Charlies Holdings Inc CHUC | FY2025 | $20.9M | $4.5M | 21.5% | $40.7M | — |
Where British Amer Tbco London Ranks
Frequently Asked Questions
British Amer Tbco London (BTAFF) reported $34.4B in total revenue for fiscal year 2025. This represents a 6.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
British Amer Tbco London (BTAFF) revenue grew by 6.3% year-over-year, from $32.4B to $34.4B in fiscal year 2025.
Yes, British Amer Tbco London (BTAFF) reported a net income of $10.4B in fiscal year 2025, with a net profit margin of 30.3%.
British Amer Tbco London (BTAFF) had EBITDA of $16.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, British Amer Tbco London (BTAFF) had $5.1B in cash and equivalents against $42.6B in long-term debt.
British Amer Tbco London (BTAFF) had an operating margin of 39.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
British Amer Tbco London (BTAFF) had a net profit margin of 30.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
British Amer Tbco London (BTAFF) has a return on equity of 16.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
British Amer Tbco London (BTAFF) generated $7.8B in free cash flow during fiscal year 2025. This represents a -35.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
British Amer Tbco London (BTAFF) generated $8.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
British Amer Tbco London (BTAFF) had $147.0B in total assets as of fiscal year 2025, including both current and long-term assets.
British Amer Tbco London (BTAFF) invested $740.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
British Amer Tbco London (BTAFF) invested $481.4M in research and development during fiscal year 2025.
British Amer Tbco London (BTAFF) had a current ratio of 0.87 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
British Amer Tbco London (BTAFF) had a debt-to-equity ratio of 0.69 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
British Amer Tbco London (BTAFF) had a liabilities-to-equity ratio of 1.37 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
British Amer Tbco London (BTAFF) had a return on assets of 7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
British Amer Tbco London (BTAFF) trades at 12.6x earnings, its market capitalization divided by $10.4B net income, FY2025. The market capitalization is $131.3B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
British Amer Tbco London (BTAFF) trades at 3.8x sales, its market capitalization divided by $34.4B revenue, FY2025. The market capitalization is $131.3B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
British Amer Tbco London (BTAFF) has an Altman Z-Score of 1.74, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
British Amer Tbco London (BTAFF) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
British Amer Tbco London (BTAFF) has an earnings quality ratio of 0.82x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
British Amer Tbco London (BTAFF) has an interest coverage ratio of 6.03x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.