ALTRIA GROUP, INC. R&D Expense 2008-2024 | MO
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is ALTRIA GROUP, INC.'s current r&d expense?
ALTRIA GROUP, INC. (MO) annual r&d expense for 2024 was $208.0M, a 5.45% decline from 2023.
What was ALTRIA GROUP, INC.'s r&d expense in 2023?
ALTRIA GROUP, INC. annual r&d expense for 2023 was $220.0M, a 35.80% increase from 2022.
What was ALTRIA GROUP, INC.'s r&d expense in 2022?
ALTRIA GROUP, INC. annual r&d expense for 2022 was $162.0M, a 11.72% increase from 2021.
What is ALTRIA GROUP, INC.'s 5-year r&d expense CAGR?
ALTRIA GROUP, INC. r&d expense grew at a compound annual growth rate (CAGR) of 4.36% from FY2019 to FY2024, going from $168.0M to $208.0M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+4.4%
FY2019
$168.0M
→
FY2024
$208.0M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $208.0M | -5.5% | 10-K |
| FY2023 | $220.0M | +35.8% | 10-K |
| FY2022 | $162.0M | +11.7% | 10-K |
| FY2021 | $145.0M | +10.7% | 10-K |
| FY2020 | $131.0M | -22.0% | 10-K |
| FY2019 | $168.0M | -33.3% | 10-K |
| FY2018 | $252.0M | +4.6% | 10-K |
| FY2017 | $241.0M | +18.7% | 10-K |
| FY2016 | $203.0M | +9.1% | 10-K |
| FY2015 | $186.0M | +11.4% | 10-K |
| FY2014 | $167.0M | +9.2% | 10-K |
| FY2013 | $153.0M | +12.5% | 10-K |
| FY2012 | $136.0M | +6.3% | 10-K |
| FY2011 | $128.0M | -11.1% | 10-K |
| FY2010 | $144.0M | -18.6% | 10-K |
| FY2009 | $177.0M | -23.7% | 10-K |
| FY2008 | $232.0M | - | 10-K |