Saturday 17 October 2026
Export TPB’s income statement to Excel — free account
Turning Point Brands, Inc.
TPB Consumer Defensive Tobacco
Turning Point Brands, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $463.1 million, up 28.4% from fiscal 2024. In the quarter to June 2026, revenue grew 22.6%, EPS fell 77.8%, free cash flow grew 235.1% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.
62.69
2.38
+3.95%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
7.46 | 19.62 | 20.94 | 40.28 | 25.05 | 13.74 | 34.94 | 11.96 | 26.59 | 33.77 |
Piotroski F-Score |
4 | 6 | 5 | 4 | 7 | 7 | 7 | 8 | 7 | 7 |
P/S ratio |
1.00 | 1.38 | 1.58 | 1.55 | 2.13 | 1.60 | 1.21 | 1.41 | 2.96 | 4.29 |
Altman Z-Score |
1.54 | 2.58 | 2.75 | 2.31 | 2.94 | 2.74 | 2.14 | 2.35 | 4.17 | 4.96 |
Altman Z″-Score (non-manufacturers) |
1.27 | 1.84 | 1.98 | 2.59 | 2.77 | 3.97 | 4.06 | 3.93 | 4.77 | 5.63 |
P/FCF ratio |
34.66 | 14.27 | 48.68 | 16.96 | 23.02 | 11.51 | 17.25 | 7.49 | 17.07 | 45.28 |
Beneish M-Score |
(2.46) | (2.14) | (2.46) | (1.32) | (2.28) | (2.93) | (2.08) | (2.54) | (2.60) | (1.21) |
P/Operating CF |
21.37 | 42.47 | 43.49 | 31.57 | 82.49 | 38.32 | 27.93 | 17.05 | 60.08 | 79.86 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 78 |
P/B ratio |
6.03 | 7.41 | 6.38 | 5.27 | 7.36 | 5.35 | 3.42 | 3.01 | 5.60 | 5.34 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.55 |
EV/Sales |
2.04 | 2.08 | 2.24 | 2.07 | 2.81 | 2.25 | 2.15 | 2.17 | 3.85 | 4.70 |
EV/EBITDA |
8.88 | 11.20 | 14.16 | 22.89 | 15.86 | 10.25 | 8.64 | 7.90 | 15.59 | 20.82 |
EV/Operating CF |
46.08 | 20.02 | 56.86 | 19.85 | 26.03 | 14.71 | 22.83 | 10.57 | 20.68 | 37.90 |
EV/FCF |
71.03 | 21.48 | 68.77 | 22.66 | 30.28 | 16.16 | 30.75 | 11.55 | 22.21 | 49.60 |
Quick Ratio |
0.12 | 0.15 | 0.09 | 1.83 | 0.90 | 3.34 | 2.77 | 1.26 | 1.24 | 3.31 |
Current Ratio |
1.90 | 2.08 | 1.75 | 3.39 | 2.89 | 6.18 | 6.23 | 2.67 | 4.42 | 5.56 |
Net Debt/EBITDA |
4.55 | 3.76 | 4.14 | 5.76 | 3.80 | 2.95 | 3.79 | 2.78 | 2.28 | 0.68 |
Debt/Assets |
76.56% | 71.58% | 65.04% | 63.64% | 63.32% | 69.34% | 71.64% | 64.17% | 50.39% | 38.45% |
Debt/Equity |
6.41 | 3.79 | 2.67 | 2.67 | 2.67 | 3.12 | 3.61 | 2.40 | 1.31 | 0.79 |
Asset Turnover |
0.78 | 1.01 | 1.07 | 0.92 | 0.86 | 0.81 | 0.55 | 0.57 | 0.68 | 0.74 |
Operating CF/Net income |
0.34 | 1.47 | 0.52 | 2.33 | 1.14 | 1.31 | 2.60 | 1.74 | 1.68 | 0.99 |
Capex/Depreciation |
(0.94) | (0.59) | (0.56) | (0.85) | (0.85) | (0.81) | (1.31) | (0.87) | (0.57) | (1.48) |
Interest Coverage |
1.64 | 2.94 | 3.27 | 1.89 | 4.78 | 4.41 | 3.79 | 5.66 | 5.78 | 5.46 |
| (113.19%) | 46.25% | 37.20% | 17.16% | 34.09% | 41.45% | 9.42% | 28.99% | 23.25% | 20.69% | |
| 10.20% | 7.12% | 8.14% | 4.13% | 8.10% | 9.49% | 1.98% | 6.74% | 7.49% | 9.25% | |
ROIC |
11.01% | 12.28% | 10.10% | 5.76% | 10.33% | 13.36% | 11.10% | 12.94% | 12.86% | 13.45% |
Return on Tangible Assets |
59.97% | 40.32% | 43.10% | 11.03% | 31.23% | 22.88% | 4.87% | 19.99% | 22.15% | 15.37% |
Average Days of Receivables |
3.86 | 4.15 | 2.87 | 6.96 | 8.41 | 5.32 | 9.52 | 11.23 | 9.74 | 20.28 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
27.46% | 26.35% | 28.28% | 30.36% | 30.99% | 28.62% | 32.32% | 32.09% | 33.94% | 36.49% |
Intangible Assets out of Total Assets |
0.57 | 0.57 | 0.53 | 0.42 | 0.48 | 0.42 | 0.38 | 0.36 | 0.41 | 0.26 |
Share Based Compensation of Revenue |
0.09% | 0.25% | 0.42% | 1.00% | 0.63% | 1.70% | 1.64% | 2.02% | 2.01% | 1.51% |
Graham Net Nets |
(0.84) | (0.38) | (0.27) | (0.27) | (0.25) | (0.31) | (0.52) | (0.33) | (0.10) | 0.01 |
Graham Number |
8.81 | 8.18 | 11.17 | 9.31 | 15.57 | 20.91 | 9.40 | 20.60 | 23.36 | 38.30 |
Earnings Yield |
13.40% | 5.10% | 4.78% | 2.48% | 3.99% | 7.28% | 2.86% | 8.36% | 3.76% | 2.96% |
Free Cash Flow Yield |
2.89% | 7.01% | 2.05% | 5.90% | 4.34% | 8.69% | 5.80% | 13.35% | 5.86% | 2.21% |
Revenue per Share |
12.52 | 15.05 | 17.19 | 18.44 | 20.88 | 23.55 | 17.95 | 18.49 | 20.34 | 25.28 |
Operating CF per Share |
0.55 | 1.56 | 0.68 | 1.93 | 2.25 | 3.61 | 1.69 | 3.80 | 3.78 | 3.13 |
Capex per Share |
(0.19) | (0.11) | (0.12) | (0.24) | (0.32) | (0.32) | (0.44) | (0.32) | (0.26) | (0.74) |
Free Cash Flow per Share |
0.36 | 1.46 | 0.56 | 1.69 | 1.94 | 3.28 | 1.26 | 3.48 | 3.52 | 2.39 |
Cash per Share |
0.17 | 0.14 | 0.17 | 4.85 | 2.15 | 6.78 | 5.94 | 6.64 | 2.60 | 12.16 |
Shareholders Equity per Share |
2.07 | 2.81 | 4.27 | 5.43 | 6.06 | 7.07 | 6.33 | 8.65 | 10.74 | 20.31 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.07 | 2.81 | 4.27 | 5.43 | 6.06 | 7.07 | 6.33 | 8.65 | 10.74 | 20.31 |
Free Cash Flow |
5.92 | 27.67 | 10.82 | 33.10 | 37.55 | 62.12 | 22.47 | 61.18 | 62.44 | 43.85 |
Working Capital |
37.29 | 41.26 | 48.09 | 133.36 | 106.77 | 208.83 | 216.28 | 167.28 | 153.39 | 342.14 |
Capital Expenditures |
(3.21) | (2.02) | (2.27) | (4.69) | (6.13) | (6.10) | (7.80) | (5.70) | (4.62) | (13.53) |
Net Current Asset Value |
(172.11) | (149.46) | (144.90) | (150.75) | (215.16) | (218.67) | (201.07) | (149.73) | (104.77) | 25.38 |
EV/EBIT |
9.58 | 11.96 | 15.35 | 27.55 | 17.64 | 11.11 | 9.34 | 8.52 | 17.16 | 22.81 |
Capex to Sales |
0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.03 |
Price to Operating Income |
4.67 | 7.95 | 10.87 | 20.61 | 13.42 | 7.91 | 5.24 | 5.52 | 13.19 | 20.83 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.45 | 0.38 | 0.38 | 0.40 | 0.47 | 0.41 | 0.26 | 0.26 | 0.31 | 0.25 |
Cash ROIC |
2.32% | 10.73% | 3.53% | 6.81% | 7.93% | 9.15% | 3.57% | 9.65% | 12.87% | 4.94% |
Accounts Receivable Turnover |
67.38 | 105.28 | 113.45 | 76.02 | 49.90 | 56.29 | 43.20 | 35.37 | 36.75 | 26.20 |
Accounts Payable Turnover |
15.96 | 25.05 | 36.12 | 21.45 | 18.44 | 27.49 | 18.25 | 17.60 | 16.34 | 12.39 |
Inventory Turnover |
1.98 | 2.56 | 2.46 | 2.77 | 2.74 | 2.62 | 1.38 | 1.34 | 1.69 | 1.95 |
Average Days of Payables |
31.61 | 8.37 | 13.13 | 22.93 | 15.61 | 11.80 | 21.27 | 20.02 | 26.79 | 37.50 |
Days of Inventory on Hand |
214.77 | 143.67 | 175.16 | 115.21 | 145.67 | 140.47 | 305.23 | 235.50 | 220.83 | 198.32 |
Average Receivables |
3.06 | 2.71 | 2.93 | 4.76 | 8.12 | 7.91 | 7.44 | 9.19 | 9.81 | 17.68 |
Average Payables |
6.62 | 6.42 | 5.26 | 10.48 | 11.66 | 8.28 | 7.86 | 8.07 | 9.73 | 16.05 |
Average Inventory |
53.26 | 62.74 | 77.27 | 81.11 | 78.42 | 86.73 | 103.76 | 105.81 | 93.98 | 102.12 |
Average Assets |
263.74 | 283.65 | 310.83 | 392.98 | 471.32 | 548.80 | 586.83 | 570.74 | 531.36 | 628.55 |
Average Common Equity |
(23.78) | 43.69 | 67.97 | 94.60 | 112.04 | 125.60 | 123.55 | 132.69 | 171.19 | 281.18 |
Columns are period end dates