# British American Tobacco p.l.c. (BTI)

> Consumer Defensive · GB · Reports in GBP

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/BTI/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | £ 12.33B | £ 3.21B | £ 2.47B | £ 35.06B | £ 48.38B |
| 2025 | £ 25.61B | £ 7.76B | £ 5.79B | £ 35.07B | £ 47.93B |
| 2024 | £ 26.88B | £ 3.19B | £ 9.89B | £ 36.95B | £ 49.64B |
| 2023 | £ 29.35B | £ -15.46B | £ 11.03B | £ 39.73B | £ 52.57B |
| 2022 | £ 30.99B | £ 7.47B | £ 9.31B | £ 43.14B | £ 75.37B |
| 2021 | £ 31.44B | £ 8.31B | £ 9.21B | £ 39.66B | £ 67.10B |
| 2020 | £ 33.08B | £ 8.21B | £ 9.42B | £ 43.97B | £ 62.67B |
| 2019 | £ 33.49B | £ 7.38B | £ 8.62B | £ 45.37B | £ 63.90B |
| 2018 | £ 32.11B | £ 7.91B | £ 12.50B | £ 47.51B | £ 65.44B |
| 2017 | £ 26.16B | £ 50.12B | £ 6.09B | £ 49.45B | £ 60.80B |
| 2016 | £ 19.41B | £ 6.39B | £ 5.53B | £ 19.50B | £ 8.18B |
| 2015 | £ 18.32B | £ 6.00B | £ 5.93B | £ 17.00B | £ 4.89B |
| 2014 | £ 19.63B | £ 4.38B | £ 4.48B | £ 12.26B | £ 5.51B |
| 2013 | £ 21.60B | £ 5.53B | £ 5.47B | £ 11.70B | £ 6.63B |
| 2012 | £ 21.92B | £ 5.54B | £ 5.43B | £ 10.72B | £ 7.47B |
| 2011 | £ 22.76B | £ 4.57B | £ 4.91B | £ 10.28B | £ 8.17B |
| 2010 | £ 22.79B | £ 4.41B | £ 5.14B | £ 10.25B | £ 9.21B |
| 2009 | £ 22.44B | £ 4.28B | £ 4.14B | £ 11.08B | £ 7.61B |
| 2008 | £ 19.54B | £ 3.96B | £ 4.95B | £ 12.16B | £ 6.94B |
| 2007 | £ 16.65B | £ 3.54B | £ 4.87B | £ 6.92B | £ 6.87B |
| 2006 | £ 16.71B | £ 3.23B | £ 2.75B | £ 6.63B | £ 6.46B |
| 2005 | £ 16.30B | £ 3.09B | £ 2.14B | £ 7.26B | £ 6.63B |
| 2004 | £ 19.71B | £ 5.08B | £ 5.64B | £ 7.19B | £ 5.92B |
| 2003 | £ 19.20B | £ 1.15B | £ 2.35B | £ 7.61B | £ 4.48B |
| 2002 | £ 19.51B | £ 2.12B | £ 3.10B | £ 5.31B | £ 5.19B |
| 2001 | £ 21.29B | £ 1.89B | £ 3.03B | £ 6.15B | £ 4.75B |
| 2000 | £ 20.71B | £ 1.31B | £ 2.92B | £ 6.15B | £ 5.10B |
| 1999 | £ 17.42B | £ 1.07B | £ 1.58B | £ 5.68B | £ 4.82B |
| 1998 | £ 13.88B | £ 674.70M | £ -386.10M | £ 3.73B | £ 64.00M |
| 1997 | £ 14.20B | £ 818.17M | £ -25.82M | £ 4.60B | £ 245.00M |
| 1996 | £ 14.65B | £ 2.00B | £ 232.65M | £ 3.44B | £ 701.00M |
| 1995 | £ 14.08B | £ 1.79B | £ 384.80M | £ 3.56B | £ 503.00M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.72 |
| Liabilities / Eq | 1.24 |
| Current Ratio | 0.84 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 3.86 |
| Gross Debt / FCF | 3.96 |

## Other views

- [Metrics](https://sponda.capital/en/BTI.md)
- [Charts](https://sponda.capital/en/BTI/charts.md)
- [Compare](https://sponda.capital/en/BTI/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.