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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
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
200M400M2014201620182020202220242025
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 five years — 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%2014201620182020202220242025
ROE
FY2024 · ROE 26.4%
20%40%2014201620182020202220242025
Gross margin57.1%
Operating margin20.6%
Net margin14.7%
Return on assets10.8%
EBITDA—

Cash & shareholders
USD 5.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 43.8
25.0M50.0M2014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends 5.5 · Net buybacks -97.5
20M40M-40M-80M2014201620182020202220242025
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×

Not available: we don't have the shareholders' equity figure for this period.

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
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 %·26.429.310.4·35.817.237.246.3···

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

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.vsHealthier Choices Management Corp.Same industry: Tobacco ProductsTurning Point Brands, Inc.vsIspire Technology Inc.Same industry: Tobacco Products
Provenance
Company facts, as filed
How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTobacco Products
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2014

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