Saturday 17 October 2026 Export TPB’s income statement to Excel — free account

Turning Point Brands, Inc.

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%

Follow TPB

Alert me

Market cap: $1.2B
P/E: 26.3×
Fwd P/E: 60.5×
Dividend yield: 0.50%
F-score: 7/9
Altman Z: 4.96
Beneish M: −1.21
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 10.62

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	4	2	—	—	1	—	1	—	—	—	—	—

Insider Ownership 5.59%

Capital & Financial Ratios $m

Market Cap 1,210.00

Revenue 507.23

Net Income 59.64

Free Cash Flow 19.63

Net Debt 25.84

Current Ratio 5.67

Debt/Equity 0.65

P/E ratio 26.34

Fwd P/E 60.50

P/S ratio 2.46

P/B ratio 2.75

Past 5Y EPS Growth 13.24%

This Y EPS Growth (59.68%)

Next Y EPS Growth 54.51%

Next Y revenue growth 22.45%

Next 5Y EPS Growth 3.72%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 56.67%

10-year low 10-year high

P/S against its own 10 years 75.34%

10-year low 10-year high

P/B against its own 10 years 2.63%

10-year low 10-year high

EV/Sales against its own 10 years 66.04%

10-year low 10-year high

EV/FCF against its own 10 years 84.60%

10-year low 10-year high

Dividends

Payout Ratio 0.14

Annual Dividend Rate 0.32

Annual Dividend Yield 0.50%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.32	0.08 0.08 0.08
2025	0.30	0.08 0.08 0.08 0.08
2024	0.28	0.07 0.07 0.07 0.07
2023	0.26	0.07 0.07 0.07 0.07
2022	0.24	0.06 0.06 0.06 0.06
2021	0.22	0.06 0.06 0.06 0.06
2020	0.20	0.05 0.05 0.05 0.05
2019	0.18	0.05 0.05 0.05 0.05
2018	0.17	0.04 0.04 0.04 0.05
2017	0.04	0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	117	46	223	268
Receivables	10	10	26	23
Inventory	92	96	108	133
Other	49	46	61	76
	268	198	417	500

	2023	2024	2025	Q'26
Payables	8	12	20	35
ST’ Debt	58	—	—	—
Other	2	2	—	—
	100	45	75	88

Compound Annual Growth %

	10y	5y	3y
Sales	8.91%	2.71%	12.96%
Cash Flow	8.91%	5.61%	23.75%
Earnings	20.32%	8.78%	70.96%
Book Value	0.00%	25.92%	48.59%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	124	143	—	—	—
’25	106	117	119	121	463
’24	83	93	91	94	361
’23	101	106	102	17	325
’22	101	103	108	10	321
’21	108	123	110	105	445
’20	91	105	104	105	405

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(22)	26	—	—	—
’25	17	12	3	25	57
’24	23	13	13	18	67
’23	15	12	12	27	67
’22	13	(6)	9	14	30
’21	24	13	12	19	68
’20	15	3	16	10	44

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(27)	26	—	—	—
’25	15	8	(1)	22	44
’24	22	11	13	17	62
’23	13	12	11	25	61
’22	10	(9)	8	13	22
’21	23	12	10	17	62
’20	14	2	14	8	38

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.60	0.18	—	—	—
’25	0.79	0.79	1.13	0.42	3.11
’24	0.63	0.68	0.68	0.13	2.14
’23	0.41	0.53	0.58	0.53	2.01
’22	0.55	0.30	0.60	(0.93)	0.64
’21	0.57	0.73	0.65	0.57	2.52
’20	0.22	0.47	0.40	0.65	1.67

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.46	12.03	19.11	20.10	14.09	35.06	18.81	19.67	21.98	51.48	Analyst estimates 2026–2028 Powerpack
	High	16.14	21.48	47.00	57.06	47.95	61.08	38.63	26.56	66.18	113.31
People
People	Employees	286	289	520	466	408	426	413	373	310	484
	Revenue/emp, $m	0.72	0.99	0.64	0.78	0.99	1.05	0.78	0.87	1.16	0.96
Income, $m
Income, $m	Revenue	206	286	333	362	405	445	321	325	361	463
	Gross margin, %	48.75	43.73	42.85	37.88	46.90	48.90	55.36	56.28	55.89	57.08
	EBT	15	27	32	19	50	65	42	62	65	83
	EBT margin, %	7.23	9.42	9.49	5.28	12.38	14.66	13.10	19.09	18.01	17.96
	Net income	27	20	25	16	38	51	11	38	41	68
	Depreciation	3	3	4	6	7	8	6	7	8	9
Per share, $
Per share, $	Revenue	12.52	15.05	17.19	18.44	20.88	23.55	17.95	18.49	20.34	25.28
	Earnings	1.63	1.06	1.31	0.70	1.70	2.75	0.65	2.19	2.24	3.18
	Cash flow	0.55	1.56	0.68	1.93	2.25	3.61	1.69	3.80	3.78	3.13
	Capex	(0.19)	(0.11)	(0.12)	(0.24)	(0.32)	(0.32)	(0.44)	(0.32)	(0.26)	(0.74)
	Free cash flow	0.36	1.46	0.56	1.69	1.94	3.28	1.26	3.48	3.52	2.39
	Book value	2.07	2.81	4.27	5.43	6.06	7.07	6.33	8.65	10.74	20.31
	Shares, m	16	19	19	20	19	19	18	18	18	18
Valuation, ×
Valuation, ×	P/E	7.46	19.62	20.94	40.28	25.05	13.74	34.94	11.96	26.59	33.77
	P/S	1.00	1.38	1.58	1.55	2.13	1.60	1.21	1.41	2.96	4.29
	P/B	6.03	7.41	6.38	5.27	7.36	5.35	3.42	3.01	5.60	5.34
	EV/Sales	2.04	2.08	2.24	2.07	2.81	2.25	2.15	2.17	3.85	4.70
	EV/FCF	71.03	21.48	68.77	22.66	30.28	16.16	30.75	11.55	22.21	49.60
Cash, $m
Cash, $m	Operating cash flow	9	30	13	38	44	68	30	67	67	57
	Capex	(3)	(2)	(2)	(5)	(6)	(6)	(8)	(6)	(5)	(14)
	Free cash flow	6	28	11	33	38	62	22	61	62	44
Balance, $m
Balance, $m	Working capital	37	41	48	133	107	209	216	167	153	342
	Total debt	218	202	221	284	314	417	410	365	249	294
	Net debt	215	199	217	189	272	289	303	249	202	71
	Shareholders’ equity	34	53	83	107	117	134	113	152	190	372
Returns, %
Returns, %	ROA	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
	ROE	(113.19)	46.25	37.20	17.16	34.09	41.45	9.42	28.99	23.25	20.69

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PM Philip Morris International Inc.	$311.6B	29.5×	22.6×	+10.37% (above 0%: growing)	−7.69% (below 0%: shrinking)	+67.28% (above 0%: growing)	68.43%	40.48%	Compare
BTI British American Tobacco p.l.c.	$124.7B	7.6×	12.9×	+0.62% (above 0%: growing)	+13.60% (above 0%: growing)	+12.44% (above 0%: growing)	69.38%	0.00%	Compare
MO Altria Group, Inc.	$123.3B	15.8×	12.9×	+0.15% (above 0%: growing)	−2.84% (below 0%: shrinking)	+282.66% (above 0%: growing)	62.51%	51.32%	Compare
RLX RLX Technology Inc. Sponsored ADR	$1.6B	16.0×	17.0×	+21.90% (above 0%: growing)	+30.00% (above 0%: growing)	−129.25% (below 0%: shrinking)	39.03%	14.22%	Compare
TPB Turning Point Brands, Inc.	$1.2B	26.3×	60.5×	+22.57% (above 0%: growing)	−77.78% (below 0%: shrinking)	+235.11% (above 0%: growing)	65.55%	11.69%
AIIR Air Global PLC	$1.2B	— (loss-making)	—	—	n/m	−487.91% (below 0%: shrinking)	56.58%	(46.44%)	Compare
UVV Universal Corporation	$1.0B	53.4×	12.5×	−11.79% (below 0%: shrinking)	n/m	+38.82% (above 0%: growing)	15.86%	0.44%	Compare
ISPR Ispire Technology Inc.	$83.2M	— (loss-making)	— (loss-making)	+32.55% (above 0%: growing)	n/m	−26.12% (below 0%: shrinking)	6.32%	(50.72%)	Compare
RYM RYTHM, Inc.	$40.1M	— (loss-making)	— (loss-making)	+1,027.38% (above 0%: growing)	n/m	+202.80% (above 0%: growing)	80.52%	8.41%	Compare
Median of peers	$1.4B	16.0×	12.9×	+10.37%	+5.38%	+25.63%	59.55%	4.43%

All 11 Tobacco stocks →

Turning Point Brands, Inc. (TPB) key facts

Strength: Turning Point Brands, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $463.1 million, up 28.4% from fiscal 2024.
Turning Point Brands, Inc. (TPB) is a Tobacco company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, TPB traded at $62.69, a market capitalization of $1.2 billion.
Turning Point Brands, Inc. pays an annual dividend of $0.32 per share, a yield of 0.50%, with a payout ratio of 13.5%.
Return on equity was 20.7% and debt-to-equity 0.65.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.96 (safe zone) for fiscal 2025.