Turning Point Brands Inc (TPB) financials
Turning Point Brands revenue and earnings by year
Turning Point Brands's revenue was $463 million in the fiscal year to December 31, 2025, up 28.4% from the year before. Net income was $58.2 million, 12.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 9.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 463 | 361 | 325 | 321 | 445 | 405 | 362 | 333 | 286 | 206 |
| Revenue growth | 28.4% | 11.0% | 1.2% | -27.9% | 10.0% | 11.9% | 8.8% | 16.4% | 38.6% | — |
| Gross profit | 264 | 202 | 183 | 178 | 218 | 190 | 137 | 143 | 125 | 101 |
| Gross margin | 57.1% | 55.9% | 56.3% | 55.4% | 48.9% | 46.9% | 37.9% | 42.9% | 43.7% | 48.8% |
| Operating income | 95 | 81 | 83 | 74 | 90 | 64 | 27 | 48 | 50 | 44 |
| Operating margin | 20.6% | 22.4% | 25.5% | 23.0% | 20.3% | 15.9% | 7.5% | 14.6% | 17.4% | 21.3% |
| Net income | 58 | 40 | 38 | 12 | 52 | 38 | 16 | 25 | 20 | 27 |
| Net margin | 12.6% | 11.0% | 11.8% | 3.6% | 11.7% | 9.4% | 4.5% | 7.6% | 7.1% | 13.1% |
| Diluted EPS | $3.11 | $2.12 | $2.05 | $0.52 | $2.52 | $1.83 | $0.79 | $1.27 | $1.04 | $1.53 |
| Free cash flow | 44 | 62 | 61 | 22 | 62 | 38 | 33 | 11 | 28 | 6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open TPB in Markets.
How Turning Point Brands makes money
Revenue by segment in the quarter to March 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Stokers Products | $87.6M | 70.5% |
| Zig Zag Products | $36.7M | 29.5% |
See also: TPB valuation and P/E history · TPB returns
No forecast, no recommendation. This page describes Turning Point Brands Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.