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Turning Point Brands vs 22nd Century Group

Turning Point Brands is the larger business, with $463m of revenue in fiscal 2025 against $17.6m for 22nd Century Group (26.3 times as much). Turning Point Brands grew faster (28.4% against -27.9%). Turning Point Brands kept more of each dollar of sales as profit: a net margin of 12.6% against -28.7%. 22nd Century Group carries less debt relative to equity (4.5% against 80.6%).

Latest fiscal yearTurning Point BrandsTPB, 202522nd Century GroupXXII, 2025
Revenue $463m $17.6m
Revenue growth 28.4% -27.9%
Net income $58.2m −$5.1m
Operating margin 20.6% -65.8%
Net margin 12.6% -28.7%
Return on equity 20.7% -51.1%
Free cash flow $43.8m −$7.8m
Cash $223m $7.1m
Total debt $300m $708,000
Debt to equity 80.6% 4.5%
Dividend per share $0.30 —
Dividend yield 0.5% —
Share buybacks $0 —
Employees 484 32
Market value $1.35bn $22,980
Price vs our value range Below our value range —
Moat score 72 (Strong) 13 (Weak)
Insider trades, 12 months 0 buys, 14 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.