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Turning Point Brands, Inc. (TPB)

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Turning Point Brands, Inc. (TPB) reported revenue of $143 million for Q2 FY2026, the quarter ended 30 June 2026, up 22.6% on the same quarter a year earlier. Net income was $4 million, down 75.2% on the year, and diluted earnings per share $0.18. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$143 millionup 22.6%
Net income$4 milliondown 75.2%
Diluted EPS$0.18
QuarterQ2 FY2026ended 30 June 2026

Turning Point Brands (TPB) in brief

Turning Point Brands (TPB) reported revenue of $463 million for fiscal 2025, the year ended 31 December 2025, up 28.4% on the year before.
Read moreNet income was $58 million and diluted earnings per share $3.11. Revenue was $361 million in fiscal 2024, $325 million in fiscal 2023, $321 million in fiscal 2022 and $445 million in fiscal 2021. Net income in the same years was $40 million, $38 million, $12 million and $52 million. Over the twelve months to 30 June 2026, Turning Point Brands reported revenue of $507 million and net income of $45 million. Revenue grew 2.7% a year, compounded, over the five years to fiscal 2025. Turning Point Brands declared $0.30 a share in dividends over the last four quarters and had 20 million shares outstanding at the latest filed count. At 30 June 2026 it carried $294 million of debt and $268 million of cash. At the close of 29 October 2026 the market cap of Turning Point Brands was $1.4 billion, 29.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.8%
ROCE10.0%
Operating margin14.8%
Net margin8.8%
FCF margin3.9%
Interest cover2.67
Debt to equity0.65
Cash conversion0.72
Share count, last 12 months11.2%
Sales CAGR, 3 years13.0%
Profit CAGR, 3 years71.0%
EPS, TTM$2.34

At the close of 29 October 2026

Price$68.80
Market cap$1.4 billion
Stock P/E29.40
Price to book3.04
EV / EBITDAn/a
Dividend yield0.4%
Market cap / sales2.72
52-week high$142.98
52-week low$55.28
Price, 1 year-22.0%
Price CAGR, 3 years50.5%
Price CAGR, 5 years12.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Turning Point Brands, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
TPBgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TPB

Dividends$0.30 a share in FY2025
Filings13 in twelve months: 8 current reports (8-K), about 5 results of operations; 2 regulation FD disclosure; 1 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales6 Form 144 notices in twelve months, $28.1 million; latest 19 December 2025
Options tapeput/call 0.21 by open interest at the 29 October 2026 close; the straddle prices a 15.6% move to 20 November 2026
13F holders229 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading15 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.2 million shares short, 6.71 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 †Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue11010510110310810375.582.883.783.183.193.290.793.7106117119121124143
Cost of revenue55.655.049.151.555.153.852.353.150.146.634.742.840.341.246.850.048.653.456.049.3
Gross profit54.350.351.851.552.749.641.946.447.347.448.450.450.452.459.666.670.467.768.393.7
Gross margin49%48%51%50%49%48%55%56%57%57%58%54%56%56%56%57%59%56%55%66%
SG&A31.931.632.633.332.931.230.831.931.430.929.129.229.634.536.440.344.547.755.877.0
Operating income22.418.719.218.119.818.317.620.120.724.619.322.920.817.923.226.325.919.912.516.7
Operating margin20%18%19%18%18%18%23%24%25%30%23%25%23%19%22%23%22%16%10%12%
Interest expensen/an/an/an/an/an/an/an/a5.2n/a5.35.44.63.35.76.67.06.17.27.8
Pre-tax income17.514.114.16.815.1-20.09.813.014.624.215.917.417.214.517.821.230.213.911.114.0
Tax rate23%20%24%23%25%n/a25%26%26%59%23%25%27%28%11%20%21%16%-25%26%
Net income13.511.511.05.411.5-16.37.69.910.810.112.013.012.42.414.414.521.18.211.73.6
Net margin12%11%11%5%11%-16%10%12%13%12%14%14%14%3%14%12%18%7%9%3%
Diluted EPS$0.65$0.57$0.55$0.30$0.60-$0.93$0.41$0.53$0.58$0.53$0.63$0.68$0.68$0.13$0.79$0.79$1.13$0.42$0.61 basic$0.18 basic
Operating cash flow12.218.713.0-5.99.213.915.412.112.526.922.613.413.217.717.411.83.324.9-22.326.3
Capital expenditure2.21.82.82.91.01.02.40.61.21.50.42.50.71.12.24.04.03.35.10.1
Free cash flow9.916.910.3-8.88.312.912.911.611.325.422.310.912.616.615.27.8-0.721.5-27.426.2
Buybacks6.418.210.68.87.62.20.00.00.00.02.11.01.10.90.00.00.00.0n/an/a
Dividends paid1.11.01.01.21.11.01.11.21.11.11.11.31.21.31.41.31.41.41.71.6
Shares outstanding19m18m18m18m18m18m18m18m18m18m18m18m18m18m18m18m19m19m19m20m
Filing10-Q10-K10-Q10-Q10-Q10-K10-K10-K10-K10-K10-K10-K10-K10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue200197206286333362405445321325361463507
Cost of revenue107101106161190225215228143142159199207
Gross profit93.296.3100125143137190218178183202264300
Gross margin46.5%48.8%48.7%43.7%42.9%37.9%46.8%48.9%55.4%56.3%55.9%57.1%59.2%
Research and development1.21.42.02.32.52.51.31.10.60.61.30.9n/a
Selling, general and administrative45.151.856.675.494.1110126128104104122169225
Operating income48.144.543.949.748.527.264.490.374.083.080.895.375.0
Operating margin24.0%22.6%21.3%17.4%14.6%7.5%15.9%20.3%23.0%25.5%22.4%20.6%14.8%
Interest expensen/a34.326.716.915.1n/an/an/a21.921.018.525.428.1
Pre-tax income-29.010.214.926.931.619.150.165.342.162.165.083.169.2
Income tax0.41.1-12.07.36.32.912.014.011.024.016.915.09.6
Effective tax raten/a10.5%-80.5%27.0%20.0%15.0%23.8%21.5%26.1%38.7%26.1%18.0%13.8%
Net income-29.49.126.920.225.316.238.252.111.638.539.858.244.6
Net margin-14.7%4.6%13.1%7.1%7.6%4.5%9.4%11.7%3.6%11.8%11.0%12.6%8.8%
Diluted EPS-$4.07$1.10$1.49$1.04$1.28$0.69$1.67$2.52$0.64$2.01$2.14$3.11$2.34
Filing10-K10-K10-K10-K10-K8-K8-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Stokers Products14516828561.5%
Zig Zag Products18019217838.5%
Stokers ProductsZig Zag Products
325FY2023361FY2024463FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Turning Point Brands does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Stokers Products62.268.310938.3%
Zig Zag Products68.366.758.933.0%
Stokers ProductsZig Zag Products
130FY2023135FY2024168FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Stokers Products61%65%
Zig Zag Products39%35%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States29433142792.3%
Non-US30.830.035.77.7%
United StatesNon-US
325FY2023361FY2024463FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow6.024.49.129.713.137.843.768.230.366.967.157.432.2
Capital expenditure1.31.63.22.02.34.86.16.27.85.74.613.512.6
Free cash flow4.722.85.927.710.833.037.562.122.461.262.443.819.6
Free cash flow margin2.4%11.6%2.9%9.7%3.3%9.1%9.3%13.9%7.0%18.8%17.3%9.5%3.9%
Cash from investingn/a-2.0-55.9-1.1-24.715.9-64.8-58.8-18.8-5.9-10.5-31.7-34.6
Cash from financingn/a-26.015.7-28.09.968.0-29.357.1-43.3-49.5-128148161
Depreciation and amortisation0.91.11.32.33.14.15.05.05.36.4n/an/an/a
Share-based compensation0.40.20.20.71.43.62.67.65.36.67.27.09.3
Buybacks1.40.00.0n/a0.00.010.238.729.20.05.10.0n/a
Dividends paidn/a0.00.00.82.33.53.84.14.24.54.95.56.1
Dividend per sharen/an/an/an/an/an/an/an/a$0.24$0.26$0.28$0.30n/a
Diluted shares, weighted7m8m18m20m20m20m20m22m18m20m19m19m20m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a20m
Filing10-K10-K10-K10-K10-K8-K8-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity-91.6-81.634.153.382.6107117134112151190372454
Non-controlling interestn/an/an/an/a4.00.0n/an/a1.71.0n/an/an/a
Debtn/a292203194187300314414407365249294294
Operating lease liabilitiesn/an/an/an/a0.011.116.112.310.28.37.45.7n/a
Finance lease liabilitiesn/an/an/an/an/an/an/a1.10.31.62.15.1n/a
Other liabilitiesn/a31.747.834.966.139.948.340.341.442.144.887.4107
Total liabilities and equityn/a242285282339457496602572569493764855
Owned
Fixed assetsn/a5.67.68.910.613.815.518.622.825.126.336.239.7
Goodwill129129134135146154160162136136136136136
Intangible assetsn/a8.627.126.435.333.579.487.583.666.565.364.063.4
Investmentsn/an/an/an/an/an/a0.08.07.80.05.514.915.2
Cash and equivalents8.54.82.92.63.395.241.812810611848.9223268
Receivablesn/a3.92.23.22.66.99.36.58.410.09.625.722.7
Inventoryn/a44.362.263.391.276.785.987.612091.796.3108133
Other assets10546.548.743.250.476.910510387.0122106156177
Total assets243242285282339457496602572569493764855
Filing10-K10-K10-K10-K10-K8-K8-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded8.9%2.7%13.0%24.5%
Profit growth, compounded20.3%8.8%71.0%2.0%
Return on equity, average30.7%22.3%20.7%15.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Turning Point Brands' revenue in fiscal 2025?

Turning Point Brands (TPB) reported revenue of $463 million for fiscal 2025, the year ended 31 December 2025, up 28.4% on the year before.

How much did Turning Point Brands earn in fiscal 2025?

Net income was $58 million for fiscal 2025, and diluted earnings per share $3.11.

What is Turning Point Brands' P/E ratio?

At the close of 29 October 2026, Turning Point Brands traded at 29.4 times its earnings over the twelve months to 30 June 2026.

What is Turning Point Brands' market cap?

The market cap of Turning Point Brands was $1.4 billion at the close of 29 October 2026.

Does Turning Point Brands pay a dividend?

Yes. Turning Point Brands declared $0.30 a share in dividends over the four quarters to 30 June 2026.

Peers: Tobacco Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Philip Morris International Inc. PM$325.1 billion30.45n/a38.6%7.9%n/a2.9%
British American Tobacco p.l.c. BTI *$132.7 billion13.0816.9%39.0%-1.0%0.765.2%
Altria Group, Inc. MO$127.6 billion15.85n/a47.0%0.5%n/a5.6%
Turning Point Brands, Inc. TPB$1.4 billion29.409.8%14.8%24.5%0.650.4%
No other company here shares its SEC industry code (Tobacco Products); these are the names nearest in size in its wider industry, Tobacco Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 20246 March 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR