Turning Point Brands, Inc. · Tobacco Products

TPB

Low riskNext report: Around Nov 4 (est.)

View price ↗

The short version

A high-quality, profitable business with growing sales. Institutions are adding.

Going well

Sales up 23% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales up 28% last year

Money moves

No insider buying or selling in the last 30 days
Institutions added 8.4% to their holdings in the quarter ending June 2026 (134 bought, 114 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$65.32+2.1% that day

Company value: $1.3B; Share price times all shares
Price vs profit (P/E): 28.0x; You pay about $28 for each $1 of yearly profit
Price vs sales: 2.6x; Company value is 2.6 times a year of sales
Dividend yield: 0.5%; Yearly dividend as a share of today's price
Cash vs value: 20%; Cash as a share of company value
Debt vs value: 22%; Debt as a share of company value

From TPB's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$143.0M+23% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $507.2M, up 24% from the 12 months before. Over 5 years, sales grew about 2.7% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of TPB. Starting points are the company's recent numbers.

Sales growth+24% a yearRecently: +24% a yearProfit margin9%Last 12 months: 8.8%P/E at the end28xToday: 28.0x. Many steady companies trade at 12x to 25xShare count change+1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.5B

Profit in 5 years$134M

Price these guesses point to$177.83+172% vs $65.32 todayAbout +22% a year, before dividends

What today's price needs: with a 9% margin and a 28x P/E, sales would have to grow about 1.5% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/5Strong

PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.6%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$43.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.7% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.57.1%

Revenue: $463.1M; +28.4% vs prior year
5-year growth: +2.7%/yr; revenue, per year
Total debt: $293.6M
Current ratio: 5.56x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $143.0M; +22.6% YoY
EPS: $0.18; vs $0.79
Op. margin: 11.7%; -10.9 pts
Gross margin: 65.5%; +8.4 pts
Free cash flow: $26.2M
Share count: +10.0%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.3
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+8.4%

Institutions added 8.4% to their holdings. 134 bought, 114 sold.

Shares held by institutions20.1M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+4.4%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.7x · $294.1M debt

Shares outstandingLatest reported

20M

Earnings reports

Last 12

Next reportAround Nov 4 (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 7
Results filedMar 2
Results filedNov 5, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

New 5%+ holder (passive)Jul 30 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.