# Turning Point Brands Inc. (TPB)

**Exchange:** NYSE  
**Sector:** Consumer Defensive  
**Market cap:** $1.50B  
**Price:** $80.06 (-1.29%)

> Turning Point Brands Inc. is a consumer products company that focuses on offering a wide range of tobacco products and related alternatives. Its primary function is to manufacture and distribute well-known brands such as Zig-Zag, Stoker's, and VaporBeast, which cater to diverse consumer preferences in the tobacco industry. The company operates through three main segments: Smokeless Products, Smoking Products, and NewGen Products, each serving specific demands in the market, such as moist snuff, smoking papers, and vaping products, respectively. Turning Point Brands Inc. holds a significant position in the niche segment of the industry with a combination of traditional and innovative products. Renowned for its strong retail presence and multi-channel distribution strategy, the company plays a pivotal role in shaping consumer choices by balancing traditional offerings with modern alternatives in response to evolving consumer trends.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $463M | $264M | $95M | $58M | $3.11 |
| 2024 | $361M | $202M | $81M | $40M | $2.14 |
| 2023 | $325M | $183M | $83M | $38M | $2.01 |
| 2022 | $321M | $178M | $74M | $12M | $0.64 |
| 2021 | $445M | $218M | $90M | $52M | $2.52 |
| 2020 | $405M | $190M | $64M | $38M | $1.85 |
| 2019 | $362M | $137M | $27M | $16M | $0.78 |
| 2018 | $333M | $143M | $48M | $25M | $1.28 |
| 2017 | $286M | $125M | $50M | $20M | $1.04 |
| 2016 | $206M | $101M | $44M | $27M | $1.49 |
| 2015 | $197M | $96M | $45M | $9M | $1.10 |
| 2014 | $200M | $93M | $48M | -$29M | $-4.07 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $764M | $392M | $372M | $223M | $294M |
| 2024 | $493M | $303M | $190M | $49M | $249M |
| 2023 | $569M | $417M | $151M | $118M | $307M |
| 2022 | $572M | $459M | $112M | $106M | $407M |
| 2021 | $602M | $468M | $134M | $128M | $414M |
| 2020 | $496M | $379M | $117M | $42M | $302M |
| 2019 | $447M | $340M | $107M | $95M | $269M |
| 2018 | $339M | $257M | $83M | $3M | $187M |
| 2017 | $282M | $229M | $53M | $3M | $186M |
| 2016 | $285M | $251M | $34M | $3M | $202M |
| 2015 | $242M | $324M | -$82M | $5M | $291M |
| 2014 | $243M | $334M | -$92M | $8M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $57M | $14M | $44M |
| 2024 | $67M | $5M | $62M |
| 2023 | $67M | $6M | $61M |
| 2022 | $30M | $8M | $22M |
| 2021 | $68M | $6M | $62M |
| 2020 | $44M | $6M | $38M |
| 2019 | $38M | $5M | $33M |
| 2018 | $13M | $2M | $11M |
| 2017 | $30M | $2M | $28M |
| 2016 | $9M | $3M | $6M |
| 2015 | $24M | $2M | $23M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TPB)