Turning Point Brands, Inc. income statement
In fiscal 2025, Turning Point Brands, Inc. reported revenue of $463m, up 28.4% on the year before, operating income of $95.3m (a 20.6% margin) and net income of $58.2m, or $3.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 200 | 197 | 206 | 286 | 333 | 362 | 405 | 445 | 321 | 325 | 361 | 463 | 507 |
| Cost of revenue | — | — | 106 | 161 | 190 | 225 | 215 | 228 | 143 | 142 | 159 | 199 | 207 |
| Gross profit | 93 | 96 | 101 | 125 | 143 | 137 | 190 | 218 | 178 | 183 | 202 | 264 | 300 |
| Research and development | 1 | 1 | 2 | 2 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | — |
| Selling, general and administrative | 45 | 52 | 57 | 75 | 94 | 110 | 126 | 128 | 104 | 104 | 122 | 169 | 225 |
| Operating income | 48 | 45 | 44 | 50 | 48 | 27 | 64 | 90 | 74 | 83 | 81 | 95 | 75 |
| Interest expense | — | 34 | 27 | 17 | 15 | — | — | — | 22 | 21 | 19 | 25 | 28 |
| Income before tax | −29 | 10 | 15 | 27 | 32 | 19 | 50 | 65 | 42 | 62 | 65 | 83 | 69 |
| Income tax | 0 | 1 | −12 | 7 | 6 | 3 | 12 | 14 | 11 | 24 | 17 | 15 | 10 |
| Net income | −29 | 9 | 27 | 20 | 25 | 16 | 38 | 52 | 12 | 38 | 40 | 58 | 45 |
| Diluted EPS | −$4.07 | $1.10 | $1.49 | $1.04 | $1.28 | $0.78 | $1.85 | $2.52 | $0.64 | $2.01 | $2.14 | $3.11 | $2.29 |
| Diluted shares (average) | 7m | 8m | 18m | 20m | 20m | 23m | 23m | 22m | 18m | 20m | 19m | 19m | 19m |
| EBITDA | 49 | 46 | 45 | 52 | 52 | 31 | 69 | 95 | 79 | 89 | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 94 | 106 | 117 | 119 | 121 | 124 | 143 |
| Cost of revenue | 40 | 41 | 47 | 50 | 49 | 53 | 56 | 49 |
| Gross profit | 50 | 52 | 60 | 67 | 70 | 68 | 68 | 94 |
| Selling, general and administrative | 30 | 35 | 36 | 40 | 45 | 48 | 56 | 77 |
| Operating income | 21 | 18 | 23 | 26 | 26 | 20 | 12 | 17 |
| Interest expense | 5 | 3 | 6 | 7 | 7 | 6 | 7 | 8 |
| Income before tax | 17 | 14 | 18 | 21 | 30 | 14 | 11 | 14 |
| Income tax | 5 | 4 | 2 | 4 | 6 | 2 | −3 | 4 |
| Net income | 12 | 2 | 14 | 14 | 21 | 8 | 12 | 4 |
| Diluted EPS | $0.68 | $0.13 | $0.79 | $0.79 | $1.13 | $0.41 | — | — |
| EBITDA | 23 | — | — | — | — | — | — | — |
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