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6Material company update
May 7, 2026·SEC
Material company update
May 5, 2026·SEC
Material company update
Mar 2, 2026·SEC
Turning Point Brands, Inc.(TPB)Earnings, Financials & Key Ratios
TPB•NYSE
$87.61
28.2× P/E·Price updated Jul 7, 2026
AboutTurning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. The NewGen Products segment markets and distributes cannabidiol isolate, liquid vapor products, and other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, and drug stores. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.Show more
- Revenue$463M+28.4%
- EBITDA$103M+11.2%
- Net Income$58M+46.1%
- EPS (Diluted)3.11+45.3%
- Gross Margin57.08%+2.1%
- EBITDA Margin22.19%-13.4%
- Operating Margin20.59%-14.4%
- Net Margin12.56%+13.8%
- ROE20.69%-11.0%
TPB Price & Volume
Turning Point Brands, Inc. (TPB) stock price & volume — 10-year historical chart
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Revenue Growth Faces Significant Working Capital Headwinds
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory and PMTA uncertainty
Key Thesis Takeaways
- Turning Point Brands demonstrates a resilient revenue recovery with 16.8% year-over-year growth in 2026Q1, supported by a significantly strengthened balance sheet that reduced the debt-to-equity ratio to 0.79.
- However, investors should remain cautious as operating margins contracted to 10.4% and erratic working capital outflows of $37.9 million in the most recent quarter highlight potential inefficiencies.
- The long-term outlook remains tied to the company's ability to navigate regulatory uncertainty while stabilizing cash conversion cycles.
Verdict Logic
while the company has improved its liquidity with a current ratio of 5.87, the significant divergence between $11.7 million in net income and negative $22.3 million in operating cash flow warrants further investigation into earnings quality.
TPB Growth Metrics
Turning Point Brands, Inc. (TPB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.91%
5 Years2.71%
3 Years12.96%
TTM25.22%
Profit CAGR
10 Years13.3%
5 Years8.78%
3 Years70.96%
TTM31.39%
EPS CAGR
10 Years18.92%
5 Years13.24%
3 Years69.38%
TTM28.95%
Return on Capital
10 Years16.55%
5 Years16.85%
3 Years17.24%
Last Year16.76%
TPB Recent Earnings
Turning Point Brands, Inc. (TPB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.60+0.0%
$0.60
Rev
$124M+7.4%
$116M
Q2 2026
Mar 2, 2026Metric
Actual
Est
EPS
$0.42-51.7%
$0.87
Rev
$121M+0.5%
$120M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$1.05+29.6%
$0.81
Rev
$119M-1.2%
$120M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.98+24.1%
$0.79
Rev
$117M+5.1%
$111M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.60vs $0.60+0.0% | $124Mvs $116M+7.4% |
| Q2 2026 | Mar 2, 2026 | $0.42vs $0.87-51.7% | $121Mvs $120M+0.5% |
| Q4 2025 | Nov 5, 2025 | $1.05vs $0.81+29.6% | $119Mvs $120M-1.2% |
| Q3 2025 | Aug 6, 2025 | $0.98vs $0.79+24.1% | $117Mvs $111M+5.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Turning Point Brands, Inc. (TPB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $87.61 | $1.7B | 28.17 | 28.39% | 12.56% | 20.69% | 0.34% | |
| $4.07 | $54.71M | 1.05 | 1.49% | 18.1% | 44.19% | — | |
| $4.36 | $1.5M | -0.08 | -40.66% | -44.9% | -25.03% | — | |
| $4.75 | $192.85M | 3.89 | 36.55% | -19.55% | -3.39% | — | |
| $72.96 | $121.98B | 17.75 | -1.49% | 36.91% | — | — | |
| $187.79 | $292.68B | 25.87 | 7.31% | 26.74% | — | — |
Compare TPB vs Peers
Turning Point Brands, Inc. (TPB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TPB SEC Filings & Documents
Turning Point Brands, Inc. (TPB) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TPB Frequently Asked Questions
Turning Point Brands, Inc. (TPB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Turning Point Brands, Inc.'s revenue?
Turning Point Brands, Inc. (TPB) reported $480.9M in revenue for fiscal year 2025. This represents a 317% increase from $115.3M in 2004.
How fast is Turning Point Brands, Inc. growing?
Turning Point Brands, Inc. (TPB) grew revenue by 28.4% over the past year. This is strong growth.
Is TPB profitable?
Yes, Turning Point Brands, Inc. (TPB) is profitable, generating $55.4M in net income for fiscal year 2025 (12.6% net margin).
Dividend & Returns
Does TPB pay dividends?
Yes, Turning Point Brands, Inc. (TPB) pays a dividend with a yield of 0.34%. This makes it attractive for income-focused investors.
What is TPB's return on equity?
Turning Point Brands, Inc. (TPB) has a return on equity (ROE) of 20.7%. This is excellent, indicating efficient use of shareholder capital.
What is Turning Point Brands, Inc.'s free cash flow?
Turning Point Brands, Inc. (TPB) generated $4.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.