British American Tobacco (BATSN) Ratios
British American Tobacco Ratios
MX:BATSN's free cash flow for Q2 2026 was $2.45B. For the 2026 fiscal year, MX:BATSN's free cash flow was decreased by $-134.00M and operating cash flow was $2.58B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.87 | 0.76 | 0.91 | 0.86 | 0.85 |
| Quick Ratio | 0.57 | 0.52 | 0.59 | 0.55 | 0.50 |
| Cash Ratio | 0.26 | 0.28 | 0.30 | 0.19 | 0.19 |
| Solvency Ratio | 0.16 | 0.09 | 0.15 | 0.10 | 0.11 |
| Operating Cash Flow Ratio | 0.34 | 0.54 | 0.68 | 0.58 | 0.64 |
| Short-Term Operating Cash Flow Coverage | 1.53 | 2.43 | 2.56 | 2.43 | 2.51 |
| Net Current Asset Value | $ -48.46B | $ -54.61B | $ -51.60B | $ -62.43B | $ -57.16B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.33 | 0.31 | 0.33 | 0.28 | 0.29 |
| Debt-to-Equity Ratio | 0.75 | 0.74 | 0.76 | 0.57 | 0.59 |
| Debt-to-Capital Ratio | 0.43 | 0.43 | 0.43 | 0.36 | 0.37 |
| Long-Term Debt-to-Capital Ratio | 0.40 | 0.39 | 0.40 | 0.34 | 0.35 |
| Financial Leverage Ratio | 2.28 | 2.40 | 2.26 | 2.04 | 2.05 |
| Debt Service Coverage Ratio | 2.33 | 1.40 | 1.92 | 1.65 | 1.77 |
| Interest Coverage Ratio | 5.19 | 2.49 | -8.35 | 6.33 | 6.86 |
| Debt to Market Cap | 0.38 | 0.57 | 0.77 | 0.58 | 0.64 |
| Interest Debt Per Share | 17.23 | 17.19 | 18.67 | 19.88 | 18.26 |
| Net Debt to EBITDA | 2.27 | 4.09 | 3.97 | 3.23 | 3.16 |
| Profitability Margins | |||||
| Gross Profit Margin | 83.50% | 82.85% | 82.07% | 82.63% | 82.10% |
| EBIT Margin | 46.02% | 17.92% | -55.62% | 39.73% | 41.48% |
| EBITDA Margin | 54.88% | 29.91% | 32.35% | 44.45% | 45.45% |
| Operating Profit Margin | 39.04% | 10.58% | -57.73% | 38.05% | 39.85% |
| Pretax Profit Margin | 38.50% | 13.68% | -62.53% | 33.72% | 35.68% |
| Net Profit Margin | 30.32% | 11.86% | -52.66% | 24.10% | 26.48% |
| Continuous Operations Profit Margin | 30.32% | 12.30% | -52.01% | 24.76% | 27.15% |
| Net Income Per EBT | 78.75% | 86.72% | 84.21% | 71.49% | 74.22% |
| EBT Per EBIT | 98.62% | 129.31% | 108.32% | 88.61% | 89.53% |
| Return on Assets (ROA) | 7.10% | 2.58% | -12.10% | 4.34% | 4.95% |
| Return on Equity (ROE) | 16.20% | 6.18% | -27.33% | 8.84% | 10.14% |
| Return on Capital Employed (ROCE) | 10.55% | 2.73% | -15.29% | 7.76% | 8.37% |
| Return on Invested Capital (ROIC) | 8.02% | 2.35% | -12.20% | 5.51% | 6.17% |
| Return on Tangible Assets | 34.73% | 12.46% | -62.05% | 27.24% | 31.28% |
| Earnings Yield | 8.42% | 4.81% | -28.08% | 9.01% | 11.04% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.99 | 9.06 | 7.19 | 6.12 | 6.31 |
| Payables Turnover | 0.45 | 0.46 | 0.50 | 0.46 | 0.48 |
| Inventory Turnover | 0.96 | 0.96 | 0.99 | 0.85 | 0.87 |
| Fixed Asset Turnover | 5.71 | 5.91 | 5.95 | 5.68 | 5.19 |
| Asset Turnover | 0.23 | 0.22 | 0.23 | 0.18 | 0.19 |
| Working Capital Turnover Ratio | -8.14 | -8.72 | -13.88 | -11.57 | -12.22 |
| Cash Conversion Cycle | -366.30 | -365.69 | -304.63 | -303.42 | -283.45 |
| Days of Sales Outstanding | 60.89 | 40.29 | 50.74 | 59.60 | 57.81 |
| Days of Inventory Outstanding | 378.47 | 379.81 | 368.51 | 430.87 | 419.15 |
| Days of Payables Outstanding | 805.66 | 785.79 | 723.88 | 793.90 | 760.41 |
| Operating Cycle | 439.36 | 420.10 | 419.25 | 490.48 | 476.96 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.25 | 4.57 | 4.81 | 4.61 | 4.31 |
| Free Cash Flow Per Share | 1.99 | 4.30 | 4.60 | 4.38 | 4.08 |
| Dividend Paid and CapEx Coverage Ratio | 0.85 | 1.74 | 1.92 | 1.91 | 1.79 |
| Capital Expenditure Coverage Ratio | 8.92 | 16.65 | 23.29 | 19.87 | 18.44 |
| Operating Cash Flow Coverage Ratio | 0.14 | 0.27 | 0.27 | 0.24 | 0.25 |
| Operating Cash Flow to Sales Ratio | 0.19 | 0.39 | 0.39 | 0.38 | 0.38 |
| Free Cash Flow Yield | 4.73% | 14.93% | 20.04% | 13.35% | 14.92% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 12.01 | 20.78 | -3.56 | 11.09 | 9.06 |
| Price-to-Sales (P/S) Ratio | 3.60 | 2.47 | 1.88 | 2.67 | 2.40 |
| Price-to-Book (P/B) Ratio | 1.92 | 1.28 | 0.97 | 0.98 | 0.92 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 21.13 | 6.70 | 4.99 | 7.49 | 6.70 |
| Price-to-Operating Cash Flow Ratio | 18.76 | 6.30 | 4.78 | 7.12 | 6.34 |
| Price-to-Earnings Growth (PEG) Ratio | 0.08 | -0.17 | 0.01 | -8.24 | 1.49 |
| Enterprise Value Multiple | 8.83 | 12.33 | 9.77 | 9.25 | 8.43 |
| Enterprise Value | 124.09B | 95.42B | 86.24B | 113.65B | 98.45B |
| EV to EBITDA | 8.83 | 12.33 | 9.77 | 9.25 | 8.43 |
| EV to Sales | 4.85 | 3.69 | 3.16 | 4.11 | 3.83 |
| EV to Free Cash Flow | 28.45 | 10.03 | 8.41 | 11.51 | 10.71 |
| EV to Operating Cash Flow | 25.26 | 9.42 | 8.05 | 10.93 | 10.13 |
| Tangible Book Value Per Share | -17.74 | -20.00 | -19.12 | -23.68 | -21.40 |
| Shareholders’ Equity Per Share | 21.91 | 22.42 | 23.58 | 33.44 | 29.77 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.21 | 0.10 | 0.17 | 0.27 | 0.24 |
| Revenue Per Share | 11.71 | 11.68 | 12.24 | 12.27 | 11.40 |
| Net Income Per Share | 3.55 | 1.39 | -6.45 | 2.96 | 3.02 |
| Tax Burden | 0.79 | 0.87 | 0.84 | 0.71 | 0.74 |
| Interest Burden | 0.84 | 0.76 | 1.12 | 0.85 | 0.86 |
| Research & Development to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| SG&A to Revenue | 0.04 | 0.15 | 0.10 | 0.10 | 0.10 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 0.63 | 3.18 | -0.76 | 1.56 | 1.43 |
Currency in GBP
