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Turning Point Brands (TPB) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 4, 2026 · Turning Point Brands (TPB) Q2 2026 earnings results →
Q2 2026 Revenue up 23% year over year to $143M · 3¢ of every $1 of revenue kept as net profit · operating margin 11.7%
Turning Point Brands made $143M in Q2 2026 (+23% Y/Y). Operating margin 11.7%, net earnings $3.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $143.0M in Q2 2026, up 23% year over year and up 15% from the previous quarter.
Gross margin was 65.5%, up 8.4 points from Q2 2025. Operating profit was $16.7M, a 11.7% margin (down 10.9 points year over year). Operating profit fell $9.6M even though revenue rose $26.3M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 91% against revenue growth of 23%. Net earnings were $3.6M, down 75% year over year. The effective tax rate was 26.3%.
Operating cash flow was $26.3M (up 123% year over year), 256% of net income including minority interests. Non-cash charges added back $2.7M of share-based compensation. Working capital and other items added $13.3M. Capital expenditures of $88K left free cash flow of $26.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 4, 2026 | $143M | +23% | 11.7% | $3.6M | $26.3M |
| Q1 2026 | 10-Q | May 8, 2026 | $124M | +17% | 10.0% | $11.7M | −$22.3M |
| Q4 2025 | 10-K | Mar 2, 2026 | $121M | +29% | 16.5% | $8.2M | $24.9M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $119M | +31% | 21.8% | $21.1M | $3.3M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $117M | +25% | 22.6% | $14.5M | $11.8M |
| Q1 2025 | 10-Q | May 7, 2025 | $106M | +28% | 21.8% | $14.4M | $17.4M |
| Q4 2024 | 10-K | Mar 6, 2025 | $93.7M | +13% | 19.1% | $2.4M | $17.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Turning Point Brands
Turning Point Brands, Inc. (the “Company,” “we,” “our,” or “us”) is a leading manufacturer, marketer and distributor of branded consumer products. We sell a wide range of products to adult consumers consisting of staple products with our iconic brands Zig-Zag® and Stoker’s®. We primarily compete in the alternative smoking accessories and Other Tobacco Products (“OTP”) industries, among other markets. The alternative smoking accessories market is a dynamic market experiencing robust secular growth driven by cannabinoid legalization in the U.S. and Canada, and positively evolving consumer perception and acceptance in North America. The OTP industry, which consists of non-cigarette tobacco products, exhibited steady consumer unit annualized volumes during the full year period ended 2025 as reported by Management Science Associates, Inc.
In its own words, from its 10-K, filed Mar 2, 2026.
Source: Turning Point Brands 10-Q on SEC EDGAR · CIK 1290677 · Tobacco Products
13F: who owns TPB and who is buying
More on TPB
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results