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MARKETS / NYSE / Consumer staples / Tobacco / TPB
NYSE · TOBACCO PRODUCTS · LARGE CAP

Turning Point Brands, Inc. TPB

12 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$463.1M
▲ 28.4% YoY
$58.2M
▲ 46.1% YoY
$43.8M
▼ 29.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Turning Point Brands, Inc. manufactures, markets and distributes branded consumer products. The company ships to approximately 900 distributors, with an additional 600 secondary, indirect wholesalers in the U.S. that carry and sell its products. As of December 31, 2025, its products were available in approximately 220,000 retail locations in North America. As of December 31, 2025, the company employed 484 full-time and part-time employees. Its segments are organized around the brands Zig-Zag in the Zig-Zag products segment, and Stoker's, along with FRE, Beech-Nut and Trophy, in the Stoker's products segment. In the Zig-Zag products segment, the company principally markets and distributes rolling papers, tubes and related products, finished cigars and make-your-own cigar wraps, and other accessories. In the Stoker's products segment, the company manufactures and markets moist snuff tobacco, contracts for and markets FRE and ALP modern oral products, and contracts for and markets loose-leaf chewing tobacco products. The Company was built through acquisitions that were subsequently grown through distribution gains, market share growth and brand extensions into new product categories.

Written from the business description in Turning Point Brands, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth

USD 463.1M
Revenue, FY2025 · full 12-year series below
Revenue $M Net income $M
FY2025 · Revenue 463.1 · Net income 58.2
200M400M
20142017202020232025
Compound annual growth
+13.0%
+2.7%
+8.9%
+71.0%
+8.8%
+20.3%
+69.4%
+10.9%
+7.7%
−44.9%
−15.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.7% a year over the five years to FY2025 — but profit grew faster: net income at +8.8%, earnings per share at +10.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.6% · Net 14.7%
10%20%-5%-10%
201420192025
ROE
FY2025 · ROE 20.7%
20%40%
201420192025
Three returns, three denominators.
Gross margin57.1%
Operating margin20.6%
Net margin14.7%
EBITDA·

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders

USD 5.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 43.8
25.0M50.0M
201420192025
Net buybacks $M Dividends $M
FY2025 · Dividends 5.5 · Net buybacks -97.5
15M30M-40M-80MDividendsNet buybacks
2014201620182020202220242025
Dividends paidUSD 5.5M
Net buybacksUSD -97.5M
Share of profit9.5%
Consecutive raises3 years

USD 5.5M in dividends — 9% of the year's profit went back to shareholders.

Total assetsUSD 763.8M
CashUSD 222.8M
Gross debtUSD 293.6M
Net debtUSD 70.9M
Current ratio5.56×

Net debt stands at 19% of equity.

The 12-year record

12 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
TPB, 12-year financial record
Metric 202520242023202220212020201920182017201620152014
Revenue $B0.50.40.30.30.40.40.40.30.30.20.20.2
Operating income $B0.10.10.10.10.10.10.00.00.00.00.00.0
EBITDA $B◌◌0.10.10.10.10.00.10.10.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.0−0.00.00.0
Net income $B0.10.00.00.00.10.00.00.00.00.00.0−0.0
Free cash flow $B0.00.10.10.00.10.00.00.00.00.00.00.0
EPS, diluted $3.112.142.010.642.521.850.781.281.041.491.10−4.07
Dividend / sh $0.300.280.260.24◌◌◌◌◌◌◌◌
Payout %9121237810229400—
ROE %20.723.329.39.538.935.817.237.246.3———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Turning Point Brands, Inc.vsPhilip Morris International Inc.Same industry: Tobacco ProductsTurning Point Brands, Inc.vsAltria Group, Inc.Same industry: Tobacco ProductsTurning Point Brands, Inc.vs22nd Century Group, Inc.Same industry: Tobacco ProductsTurning Point Brands, Inc.vsIspire Technology Inc.Same industry: Tobacco Products
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Provenance

Company facts, as filed

How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 12 of the 12 fiscal years we could check. 14 checks were skipped: the balance sheet is not tagged before 2014. Seven checks were skipped: EPS is not tagged before 2014. Seven checks were skipped: revenue is not tagged before 2014.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTobacco Products
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2014

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