Turning Point Brands, Inc. (TPB) Financial Statements
Industry: Tobacco Products
In fiscal 2025, Turning Point Brands reported revenue of $463.1M, up 28.4% from $360.7M the year before. Net income was $58.2M (a 12.6% net margin), or $3.11 per diluted share. Gross margin was 57.1% and operating margin was 20.6%. Operating activities generated $57.4M of cash, leaving $43.8M of free cash flow. At fiscal year end, Turning Point Brands held $763.8M in total assets against $391.8M in total liabilities, including $222.8M of cash and equivalents.
Open the full interactive Turning Point Brands financials → Quarterly statements, key ratios, valuation history and price charts.
Turning Point Brands Key Stats
| Share Price | $55.25 |
|---|---|
| Market Cap | $1.11B |
| P/E Ratio | 17.8 |
| Revenue YoY Growth | +28.4% |
| 52-Week Range | $55.25 – $142.54 |
| Shares Outstanding | 19.9 million (basic, 2026 Q2) |
Turning Point Brands Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $405.1M | $445.5M | $415.0M | $405.4M | $360.7M | $463.1M |
| Cost of Goods Sold | $215.5M | $227.6M | $209.5M | $202.2M | $159.1M | $198.7M |
| Gross Profit | $189.6M | $217.8M | $205.5M | $203.2M | $201.6M | $264.3M |
| Operating Income | $64.1M | $90.3M | $75.5M | $82.6M | $80.8M | $95.3M |
| Pre-Tax Income | $43.1M | $65.3M | $16.0M | $61.7M | $65.0M | $83.1M |
| Income Tax | $10.0M | $14.0M | $4.8M | $23.9M | $16.9M | $15.0M |
| Net Income | $33.0M | $52.1M | $11.6M | $38.5M | $39.8M | $58.2M |
| Diluted EPS | $1.67 | $2.52 | $0.64 | $2.01 | $2.14 | $3.11 |
Turning Point Brands Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $119.0M | $121.0M | $124.3M | $143.0M |
| Net Income | $21.1M | $8.2M | $11.7M | $3.6M |
| Diluted EPS | $1.13 | $0.44 | $0.60 | $0.18 |
Turning Point Brands Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41.8M | $128.3M | $106.4M | $117.9M | $48.9M | $222.8M |
| Current Assets | $157.3M | $249.2M | $257.7M | $267.6M | $198.2M | $417.1M |
| Total Assets | $489.3M | $601.6M | $572.1M | $569.4M | $493.4M | $763.8M |
| Current Liabilities | $56.6M | $40.3M | $41.4M | $100.3M | $44.8M | $75.0M |
| Total Long-Term Debt | $278.0M | $414.2M | $406.8M | $365.4M | $248.6M | $293.6M |
| Total Liabilities | $358.5M | $467.8M | $458.7M | $417.4M | $303.0M | $391.8M |
| Shareholders' Equity | $130.8M | $133.7M | $113.4M | $151.0M | $190.4M | $372.0M |
Turning Point Brands Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $43.7M | $68.2M | $30.3M | $66.9M | $67.1M | $57.4M |
| Cash From Investing | -$64.8M | -$58.8M | -$18.8M | -$5.9M | -$10.5M | -$31.7M |
| Cash From Financing | -$29.3M | $57.1M | -$43.3M | -$49.5M | -$128.3M | $148.3M |
| Free Cash Flow | $37.5M | $62.1M | $22.6M | $61.2M | $62.4M | $43.8M |
Figures from Turning Point Brands' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Turning Point Brands financials page for every line item.
Turning Point Brands Company Profile
| Ticker | TPB |
|---|---|
| Exchange | NYSE |
| Industry | Tobacco Products |
| Headquarters | Louisville, Kentucky |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001290677 |
Frequently Asked Questions
What was Turning Point Brands' revenue in fiscal 2025?
Turning Point Brands (TPB) reported revenue of $463.1M for fiscal 2025.
What is Turning Point Brands' annual revenue history?
Turning Point Brands' annual revenue by fiscal year: 2020: $405.1M; 2021: $445.5M; 2022: $415.0M; 2023: $405.4M; 2024: $360.7M; 2025: $463.1M.
What was Turning Point Brands' net income in fiscal 2025?
Turning Point Brands reported net income of $58.2M for fiscal 2025.
What was Turning Point Brands' earnings per share (EPS) in fiscal 2025?
Turning Point Brands' diluted EPS was $3.11 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Turning Point Brands generate in fiscal 2025?
Turning Point Brands generated $43.8M of free cash flow in fiscal 2025.
What was Turning Point Brands' revenue last quarter?
In its most recent reported quarter (2026 Q2), Turning Point Brands reported revenue of $143.0M.
How much debt does Turning Point Brands have?
Turning Point Brands reported $293.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Turning Point Brands are outstanding?
Turning Point Brands reported a weighted average of 19.9 million basic shares outstanding in 2026 Q2.
What is Turning Point Brands' market cap?
Based on its latest closing price, Turning Point Brands (TPB) has a market capitalization of about $1.11B.
When does Turning Point Brands' fiscal year end?
Turning Point Brands' fiscal year end, as registered with the SEC, is December 31.
Where is Turning Point Brands headquartered?
Turning Point Brands lists its business address in Louisville, Kentucky in its SEC filings.