Turning Point Brands, Inc. (TPB) AI Stock Analysis

Turning Point Brands, Inc. operates across three distinct divisions: Zig-Zag Products, Stoker's Products, and NewGen Products. Under Zig-Zag Products, the company markets rolling papers, tubes, cigars, cigar wraps, and related accessories. The Stoker's Products segment produces and distributes moist snuff tobacco and loose-leaf chewing tobacco brands, including Stoker's, Beech-Nut, Durango, Trophy, and Wind River. Through NewGen Products, the company distributes cannabidiol (CBD) isolate, liquid vapor products, and non-nicotine items via VaporFi and VaporBeast. The company reaches consumers through wholesale distributors and retail merchants, including convenience stores, tobacco outlets, food stores, mass merchandisers, and drug stores.

Revenue increased 28.4% to $463.1M in FY2025, rebounding from $321.2M in FY2022 and $360.7M in FY2024, yielding a 5-year revenue CAGR of 2.7% from FY2020. Gross margin widened from 48.9% in FY2021 to 57.1% in FY2025, while operating margin was 20.6%. Annual net income rose to $58.2M in FY2025, corresponding to an EPS of $3.97. For the trailing twelve months, revenue reached $507.2M with an operating margin of 4.2% and EPS of $2.32. In the latest quarter ended June 30, 2026, quarterly revenue increased 22.6% year-over-year, while quarterly earnings declined 77.2%.

As of June 30, 2026, Turning Point Brands held $268.3M in cash and short-term investments against total debt of $310.7M, resulting in net debt of $42.4M. The company reported shareholders' equity of $430.1M and total assets of $855.2M, supported by a debt-to-equity ratio of 0.72 and a current ratio of 5.67. In FY2025, operating cash flow stood at $57.4M and free cash flow was $43.8M. Cash deployment during FY2025 included $13.5M in capital expenditures, $5.5M in dividends paid, and $33,000 in share buybacks.

At a share price of $62.65, Turning Point Brands carries a market cap of $1.21B and an enterprise value of $1.26B. The stock trades at a trailing P/E of 27.0x and a forward P/E of 38.2x, above the median of its US-listed Consumer Defensive peers of 18.6x and 14.3x, respectively. Its price-to-sales multiple is 2.5x compared to the peer median of 0.7x, and EV to EBITDA stands at 12.3x versus the peer median of 11.7x. Over the past year, the stock declined 30.5%, trailing the S&P 500 return of 16.8%.

Turning Point Brands pays an annual forward dividend of $0.32 per share, yielding 0.51% with a payout ratio of 10.4%. The company distributes dividends quarterly and has paid dividends for 10 consecutive years. Its 5-year annualized dividend growth rate stands at 8.4%, and the most recent ex-dividend date occurred on September 18, 2026.

Wall Street coverage includes 5 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target is $118.50, representing an upside of 89.1% versus the last close of $62.65. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $567.0M and EPS of $1.76. Across the last 4 quarters, the company recorded 4 EPS beats. The next earnings date is scheduled for November 4, 2026.

This page is an AI-written research summary of Turning Point Brands, Inc. (TPB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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