Turning Point Brands, Inc. (TPB)

Turning Point Brands Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	435.72	360.66	325.06	321.23	445.47	405.11
Revenue Growth (YoY)	51.72%	10.95%	1.19%	-27.89%	9.96%	11.91%
Cost of Revenue	186.64	159.1	142.12	143.4	227.64	215.12
Gross Profit	249.08	201.57	182.94	177.83	217.83	189.99
Selling, General & Admin	146.09	113.55	102.16	97.98	123.15	121.65
Research & Development	1.3	1.3	0.6	0.6	1.1	1.3
Other Operating Expenses	-	-1.67	-4.35	-	-	-
Operating Expenses	147.39	113.17	98.42	98.58	124.25	122.95
Operating Income	101.69	88.39	84.52	79.25	93.58	67.04
Interest Expense	-18.9	-14.84	-15.81	-20.66	-21.59	-13.49
Interest & Investment Income	2.24	-	-	-	-	0.2
EBT Excluding Unusual Items	86.07	73.55	68.72	58.58	71.99	53.75
Merger & Restructuring Charges	-5.2	-6.7	-0.4	-4.1	-2.17	-3.6
Gain (Loss) on Sale of Investments	0.44	-1.89	-11.91	-13.3	-6.67	-
Legal Settlements	-0.94	-	4	-	-	-
Other Unusual Items	3.38	-	-13.54	0.89	2.15	-
Pretax Income	83.74	64.96	62.07	42.07	65.3	50.15
Income Tax Expense	16.87	16.93	24	10.98	14.04	11.96
Earnings From Continuing Operations	66.87	48.03	38.07	31.09	51.26	38.19
Earnings From Discontinued Operations	-7.31	-7.52	-0.29	-19.93	-	-
Net Income to Company	59.56	40.51	37.78	11.16	51.26	38.19
Minority Interest in Earnings	-7.19	-0.7	0.68	0.48	0.8	-
Net Income	52.37	39.81	38.46	11.64	52.06	38.19
Net Income to Common	52.37	39.81	38.46	11.64	52.06	38.19
Net Income Growth	10.25%	3.50%	230.40%	-77.64%	36.31%	135.27%
Shares Outstanding (Basic)	18	18	18	18	19	19
Shares Outstanding (Diluted)	19	19	20	18	22	23
Shares Change (YoY)	-6.74%	-5.40%	13.36%	-19.33%	-2.42%	-1.30%
EPS (Basic)	2.91	2.24	2.19	0.65	2.75	1.97
EPS (Diluted)	0.20	-0.39	-0.01	0.65	2.52	1.85
EPS Growth	-48.38%	-	-	-74.34%	36.33%	136.05%
Free Cash Flow	38.97	62.44	61.17	22.44	62.06	37.54
Free Cash Flow Per Share	2.10	3.23	2.99	1.24	2.77	1.64
Dividend Per Share	0.295	0.280	0.260	0.240	0.220	0.200
Dividend Growth	7.27%	7.69%	8.33%	9.09%	10.00%	11.11%
Gross Margin	57.16%	55.89%	56.28%	55.36%	48.90%	46.90%
Operating Margin	23.34%	24.51%	26.00%	24.67%	21.01%	16.55%
Profit Margin	12.02%	11.04%	11.83%	3.62%	11.69%	9.43%
Free Cash Flow Margin	8.94%	17.31%	18.82%	6.98%	13.93%	9.27%
EBITDA	108.67	94.05	88.64	82.63	98.59	72.06
EBITDA Margin	24.94%	26.08%	27.27%	25.72%	22.13%	17.79%
D&A For EBITDA	6.97	5.66	4.12	3.38	5.01	5.02
EBIT	101.69	88.39	84.52	79.25	93.58	67.04
EBIT Margin	23.34%	24.51%	26.00%	24.67%	21.01%	16.55%
Effective Tax Rate	20.15%	26.06%	38.67%	26.10%	21.50%	23.84%
Advertising Expenses	-	12	7.6	6.2	12.1	5.2

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q