TPB (Turning Point Brands, Inc.) Stock Financials & Earnings | Market Cap Arena

TPB (Turning Point Brands, Inc.) Stock Financials & Earnings | Market Cap Arena

TPBTurning Point Brands, Inc.

Mkt Cap$2B

Consumer Defensive·Tobacco·🇺🇸 United States·NYSE

Revenue (TTM)$463M

Net Income (TTM)$58M

EPS (TTM)$3.13

Free Cash Flow (TTM)$47M

Gross Margin57.1%

Op. Margin20.6%

Net Margin12.6%

FCF Margin10.1%

P/S Ratio (TTM)3.8x

P/E Ratio (TTM)30.1x

YoY Rev Growth+28.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$100M	$49M	$18M
Q2 23	$104M	$52M	$21M
Q3 23	$101M	$52M	$20M
Q4 23	$97M	$51M	$24M
Q1 24	$83M	$48M	$19M
Q2 24	$93M	$50M	$23M
Q3 24	$91M	$50M	$21M
Q4 24	$94M	$52M	$18M
Q1 25	$106M	$60M	$23M
Q2 25	$117M	$67M	$26M
Q3 25	$119M	$70M	$26M
Q4 25	$121M	$68M	$20M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.2x	212.2x
Q2 23	4.2x	137.3x
Q3 23	4.3x	145.3x
Q4 23	4.4x	45.5x
Q1 24	4.5x	40.8x
Q2 24	4.7x	38.1x
Q3 24	4.8x	36.8x
Q4 24	4.8x	43.9x
Q1 25	4.6x	41.4x
Q2 25	4.3x	40.0x
Q3 25	4.0x	33.4x
Q4 25	3.8x	30.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$15M	$13M
Q2 23	$12M	$12M
Q3 23	$12M	$11M
Q4 23	$24M	$23M
Q1 24	$23M	$22M
Q2 24	$13M	$11M
Q3 24	$13M	$13M
Q4 24	$18M	$17M
Q1 25	$17M	$15M
Q2 25	$12M	$8M
Q3 25	$3M	-$721K
Q4 25	$28M	$24M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$2M
Q2 23	$558K
Q3 23	$1M
Q4 23	$2M
Q1 24	$366K
Q2 24	$2M
Q3 24	$658K
Q4 24	$1M
Q1 25	$2M
Q2 25	$4M
Q3 25	$4M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-1.1%	+0.3%
Q2 23	+1.4%	-1.1%
Q3 23	-6.6%	-8.5%
Q4 23	-6.1%	-14.0%
Q1 24	-16.7%	-22.1%
Q2 24	-10.7%	-16.1%
Q3 24	-9.9%	-13.2%
Q4 24	-3.6%	+3.6%
Q1 25	+28.1%	+30.5%
Q2 25	+25.1%	+28.4%
Q3 25	+31.2%	+33.2%
Q4 25	+29.2%	+33.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$743K	0.7%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$2M	2.5%
Q2 24	$2M	2.0%
Q3 24	$2M	2.0%
Q4 24	$2M	1.6%
Q1 25	$2M	1.6%
Q2 25	$2M	1.4%
Q3 25	$2M	1.6%
Q4 25	$2M	1.5%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$300K	$6M	—
Q2 23	$800K	$6M	—
Q3 23	$400K	$5M	—
Q4 23	—	—	$31M
Q1 24	$979K	$4M	—
Q2 24	$1M	$5M	—
Q3 24	$1M	$4M	—
Q4 24	$24M	$6M	—
Q1 25	$2M	$7M	—
Q2 25	$2M	$7M	—
Q3 25	$482K	$8M	—
Q4 25	—	—	$48M

Revenue Segments

Quarter	Stoker's Products	Zig-Zag Products
Q1 24	$36M	$47M
Q2 24	$43M	$50M

Revenue by Geography

Quarter	Non-US	United States
Q1 23	$7M	$94M
Q2 23	$7M	$98M
Q3 23	$8M	$94M
Q4 23	$8M	$89M
Q2 25	$8M	$108M
Q3 25	$12M	$107M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$105M	$0	$105M
Q2 23	$101M	$0	$101M
Q3 23	$96M	$0	$96M
Q4 23	$117M	$0	$117M
Q1 24	$131M	$0	$131M
Q2 24	$142M	$0	$142M
Q3 24	$34M	$0	$34M
Q4 24	$46M	$0	$46M
Q1 25	$100M	$0	$100M
Q2 25	$110M	$0	$110M
Q3 25	$201M	$0	$201M
Q4 25	$223M	$0	$223M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	21M	+17.9%
Q2 23	20M	-1.3%
Q3 23	20M	-1.5%
Q4 23	20M	+0.3%
Q1 24	20M	+0.1%
Q2 24	20M	-0.1%
Q3 24	18M	-8.5%
Q4 24	18M	-1.1%
Q1 25	18M	-0.0%
Q2 25	18M	+0.4%
Q3 25	19M	+2.1%
Q4 25	20M	+4.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$670K	299
FY 15	$660K	299
FY 16	$721K	286
FY 17	$989K	289
FY 18	$640K	520
FY 19	$777K	466
FY 20	$993K	408
FY 21	$1M	426
FY 22	$778K	413
FY 23	$871K	373
FY 24	$1M	310
FY 25	$957K	484