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Stocks · Consumer staples · Tobacco Products

Turning Point Brands, Inc.

TPB Clue Score55
United States Fiscal year ends December CIK 0001290677
$57.38 +0.60% Close, 9 Oct 2026
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Price $57.38 +19.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue206.2Operating income43.9Net income26.9EPS, diluted1.49Fiscal year 2017Revenue285.8 +38.6%Operating income49.7Net income20.2 −24.9%EPS, diluted1.04 −30.2%Fiscal year 2018Revenue332.7 +16.4%Operating income48.5Net income25.3 +25.1%EPS, diluted1.28 +23.1%Fiscal year 2019Revenue362.0 +8.8%Operating income27.2Net income16.2 −35.8%EPS, diluted0.78 −39.1%Fiscal year 2020Revenue405.1 +11.9%Operating income64.4Net income38.2 +135.3%EPS, diluted1.85 +137.2%Fiscal year 2021Revenue445.5 +10.0%Operating income90.3Net income52.1 +36.3%EPS, diluted2.52 +36.2%Fiscal year 2022Revenue321.2 −27.9%Operating income74.0Net income11.6 −77.6%EPS, diluted0.64 −74.6%Fiscal year 2023Revenue325.1 +1.2%Operating income83.0Net income38.5 +230.4%EPS, diluted2.01 +214.1%Fiscal year 2024Revenue360.7 +11.0%Operating income80.8Net income39.8 +3.5%EPS, diluted2.14 +6.5%Fiscal year 2025Revenue463.1 +28.4%Operating income95.3Net income58.2 +46.1%EPS, diluted3.11 +45.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 206.2 285.8 332.7 362.0 405.1 445.5 321.2 325.1 360.7 463.1
Growth +38.6% +16.4% +8.8% +11.9% +10.0% −27.9% +1.2% +11.0% +28.4%
Operating income 43.9 49.7 48.5 27.2 64.4 90.3 74.0 83.0 80.8 95.3
Net income 26.9 20.2 25.3 16.2 38.2 52.1 11.6 38.5 39.8 58.2
Growth −24.9% +25.1% −35.8% +135.3% +36.3% −77.6% +230.4% +3.5% +46.1%
EPS, diluted 1.49 1.04 1.28 0.78 1.85 2.52 0.64 2.01 2.14 3.11
Growth −30.2% +23.1% −39.1% +137.2% +36.2% −74.6% +214.1% +6.5% +45.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin48.8%Operating margin21.3%Net margin13.1%Free cash flow margin2.9%Fiscal year 2017Gross margin43.7%Operating margin17.4%Net margin7.1%Free cash flow margin9.7%Fiscal year 2018Gross margin42.9%Operating margin14.6%Net margin7.6%Free cash flow margin3.3%Fiscal year 2019Gross margin37.9%Operating margin7.5%Net margin4.5%Free cash flow margin9.1%Fiscal year 2020Gross margin46.9%Operating margin15.9%Net margin9.4%Free cash flow margin9.3%Fiscal year 2021Gross margin48.9%Operating margin20.3%Net margin11.7%Free cash flow margin13.9%Fiscal year 2022Gross margin55.4%Operating margin23.0%Net margin3.6%Free cash flow margin7.0%Fiscal year 2023Gross margin56.3%Operating margin25.5%Net margin11.8%Free cash flow margin18.8%Fiscal year 2024Gross margin55.9%Operating margin22.4%Net margin11.0%Free cash flow margin17.3%Fiscal year 2025Gross margin57.1%Operating margin20.6%Net margin12.6%Free cash flow margin9.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 48.8% 43.7% 42.9% 37.9% 46.9% 48.9% 55.4% 56.3% 55.9% 57.1%
Operating margin 21.3% 17.4% 14.6% 7.5% 15.9% 20.3% 23.0% 25.5% 22.4% 20.6%
Net margin 13.1% 7.1% 7.6% 4.5% 9.4% 11.7% 3.6% 11.8% 11.0% 12.6%
Free cash flow margin 2.9% 9.7% 3.3% 9.1% 9.3% 13.9% 7.0% 18.8% 17.3% 9.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow9.1Capital expenditure−3.2Free cash flow5.9Buybacks0.0Dividends paid0.0Fiscal year 2017Operating cash flow29.7Capital expenditure−2.0Free cash flow27.7 +367.3%Dividends paid−0.8Fiscal year 2018Operating cash flow13.1Capital expenditure−2.3Free cash flow10.8 −60.9%Buybacks0.0Dividends paid−2.3Fiscal year 2019Operating cash flow37.8Capital expenditure−4.8Free cash flow33.0 +204.7%Buybacks0.0Dividends paid−3.5Fiscal year 2020Operating cash flow43.7Capital expenditure−6.1Free cash flow37.5 +13.8%Buybacks−10.2Dividends paid−3.8Fiscal year 2021Operating cash flow68.2Capital expenditure−6.2Free cash flow62.1 +65.3%Buybacks−38.7Dividends paid−4.1Fiscal year 2022Operating cash flow30.3Capital expenditure−7.8Free cash flow22.4 −63.8%Buybacks−29.2Dividends paid−4.3Fiscal year 2023Operating cash flow66.9Capital expenditure−5.7Free cash flow61.2 +172.6%Buybacks0.0Dividends paid−4.5Fiscal year 2024Operating cash flow67.1Capital expenditure−4.6Free cash flow62.4 +2.1%Buybacks−5.1Dividends paid−4.9Fiscal year 2025Operating cash flow57.4Capital expenditure−13.5Free cash flow43.8 −29.8%Buybacks0.0Dividends paid−5.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 9.1 29.7 13.1 37.8 43.7 68.2 30.3 66.9 67.1 57.4
Capital expenditure −3.2 −2.0 −2.3 −4.8 −6.1 −6.2 −7.8 −5.7 −4.6 −13.5
Free cash flow 5.9 27.7 10.8 33.0 37.5 62.1 22.4 61.2 62.4 43.8
Growth +367.3% −60.9% +204.7% +13.8% +65.3% −63.8% +172.6% +2.1% −29.8%
Buybacks 0.0 n/a 0.0 0.0 −10.2 −38.7 −29.2 0.0 −5.1 0.0
Dividends paid 0.0 −0.8 −2.3 −3.5 −3.8 −4.1 −4.3 −4.5 −4.9 −5.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.9Total debt203.2Net cash (debt)−200.3Shareholders’ equity34.1Debt to equity5.97Fiscal year 2017Cash2.6Total debt194.0Net cash (debt)−191.4Shareholders’ equity53.3Debt to equity3.64Fiscal year 2018Cash3.3Total debt194.7Net cash (debt)−191.4Shareholders’ equity82.6Debt to equity2.36Fiscal year 2019Cash95.3Total debt269.0Net cash (debt)−173.7Shareholders’ equity106.6Debt to equity2.52Fiscal year 2020Cash41.8Total debt302.1Net cash (debt)−260.3Shareholders’ equity117.5Debt to equity2.57Fiscal year 2021Cash128.3Total debt414.2Net cash (debt)−285.9Shareholders’ equity133.7Debt to equity3.10Fiscal year 2022Cash106.4Total debt406.8Net cash (debt)−300.4Shareholders’ equity111.6Debt to equity3.64Fiscal year 2023Cash117.9Total debt365.4Net cash (debt)−247.5Shareholders’ equity151.0Debt to equity2.42Fiscal year 2024Cash48.9Total debt248.6Net cash (debt)−199.7Shareholders’ equity190.4Debt to equity1.31Fiscal year 2025Cash222.8Total debt293.6Net cash (debt)−70.9Shareholders’ equity372.0Debt to equity0.79
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.9 2.6 3.3 95.3 41.8 128.3 106.4 117.9 48.9 222.8
Total debt 203.2 194.0 194.7 269.0 302.1 414.2 406.8 365.4 248.6 293.6
Net cash (debt) −200.3 −191.4 −191.4 −173.7 −260.3 −285.9 −300.4 −247.5 −199.7 −70.9
Shareholders’ equity 34.1 53.3 82.6 106.6 117.5 133.7 111.6 151.0 190.4 372.0
Debt to equity 5.97 3.64 2.36 2.52 2.57 3.10 3.64 2.42 1.31 0.79

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
48.8% 43.7% 42.9% 37.9% 46.9% 48.9% 55.4% 56.3% 55.9% 57.1%
21.3% 17.4% 14.6% 7.5% 15.9% 20.3% 23.0% 25.5% 22.4% 20.6%
7.2% 9.4% 9.5% 5.3% 12.4% 14.7% 13.1% 19.1% 18.0% 18.0%
13.1% 7.1% 7.6% 4.5% 9.4% 11.7% 3.6% 11.8% 11.0% 12.6%
2.9% 9.7% 3.3% 9.1% 9.3% 13.9% 7.0% 18.8% 17.3% 9.5%
Spending
1.0% 0.8% 0.8% 0.7% 0.3% 0.2% 0.2% 0.2% 0.4% 0.2%
27.5% 26.3% 28.3% 30.4% 31.0% 28.6% 32.3% 32.1% 33.9% 36.5%
1.6% 0.7% 0.7% 1.3% 1.5% 1.4% 2.4% 1.8% 1.3% 2.9%
−80.5% 27.0% 19.9% 15.0% 23.8% 21.5% 26.1% 38.7% 26.1% 18.0%
Returns
79.0% 37.9% 30.6% 15.2% 32.5% 38.9% 10.4% 25.5% 20.9% 15.6%
9.4% 7.2% 7.5% 3.6% 7.7% 8.7% 2.0% 6.8% 8.1% 7.6%
Balance and payout
5.97 3.64 2.36 2.52 2.57 3.10 3.64 2.42 1.31 0.79
88.1% 81.1% 75.7% 76.1% 76.3% 77.8% 80.2% 73.3% 61.4% 51.3%
0.0% 3.8% 9.2% 21.8% 10.0% 7.9% 36.5% 11.7% 12.3% 9.5%
0.0% 2.8% 21.4% 10.7% 37.3% 68.9% 149.2% 7.4% 15.9% 12.6%