TPBTurning Point Brands, Inc.
Tobacco Products
- Revenue
- $463M
- 28% YoY
- Operating margin
- 20.6%
- 8.1% YoY
- EBITDA
- $95M
- 18% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.3×
- $26M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear99% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear10% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear16% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $445M | $321M | $325M | $361M | $463M | 28% |
| Operating income | $90M | $74M | $83M | $81M | $95M | 18% |
| Net income | $52M | $12M | $38M | $40M | $58M | 46% |
| Operating cash flow | $68M | $30M | $67M | $67M | $57M | 14% |
| Capex | $6M | $8M | $6M | $5M | $14M | 193% |
| Stock-based comp | $8M | $5M | $7M | $7M | $7M | 3.7% |
| Buybacks | $39M | $29M | $0 | $5M | $0 | 100% |
| Dividends | $4M | $4M | $4M | $5M | $6M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.