Filing Flows › Turning Point Brands (TPB) › Q2 2026 › vs Q2 2025
Turning Point Brands (TPB) Q2 2026 vs Q2 2025 (year over year)
Turning Point Brands's revenue rose $26.3M (+23%) from $117M in Q2 2025 to $143M in Q2 2026. Gross margin 65.5% against 57.1% (+8.4 pts).
Turning Point Brands, Q2 2026: revenue $143M (+23% year over year), operating margin 11.7%, net earnings $3.6M, operating cash flow $26.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 65.5% | 57.1% | +8.4 pts |
| Operating margin | 11.7% | 22.6% | -10.9 pts |
| Net margin | 2.5% | 12.4% | -9.9 pts |
| Free cash flow margin | 18.4% | 6.7% | +11.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $143M | $117M | $26.3M | +23% |
| Gross profit | $93.7M | $66.6M | $27.1M | +41% |
| Cost of revenue | $49.3M | $50.0M | −$755K | -2% |
| Operating profit | $16.7M | $26.3M | −$9.6M | -37% |
| Operating expenses | $77.0M | $40.3M | $36.7M | +91% |
| Pre-tax earnings | $14.0M | $21.2M | −$7.2M | -34% |
| Other expense, net | $2.7M | $5.1M | −$2.4M | -47% |
| Net earnings | $3.6M | $14.5M | −$10.9M | -75% |
| Minority interests | $6.7M | $2.5M | $4.2M | +170% |
| Income tax | $3.7M | $4.2M | −$561K | -13% |
| Share-based compensation | $2.7M | $1.6M | $1.1M | +66% |
| Working capital & other | $20.0M | −$4.3M | $24.3M | — |
| Operating cash flow | $26.3M | $11.8M | $14.5M | +123% |
| Free cash flow (OCF − capex) | $26.2M | $7.8M | $18.4M | +235% |
| Capital expenditures | $88K | $4.0M | −$3.9M | -98% |
Questions
How much did Turning Point Brands's revenue grow year over year in Q2 2026?
Turning Point Brands's revenue rose $26.3M (+23%) from $117M in Q2 2025 to $143M in Q2 2026. Gross margin 65.5% against 57.1% (+8.4 pts).