Financial Snapshot

Revenue
$408.3M
TTM
Gross Margin
51.49%
TTM
Net Earnings
$47.50M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
420.74%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$186.8M
Q3 2024
Cash
Q3 2024
P/E
23.57
Nov 29, 2024 EST
Free Cash Flow
$71.18M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Revenue $405.4M $415.0M $445.5M $405.1M $362.0M $332.7M $285.8M $206.2M $197.3M $200.3M $193.3M $186.7M $188.5M $117.6M $116.9M $115.3M $101.6M $94.40M $89.60M
YoY Change -2.32% -6.84% 9.96% 11.91% 8.81% 16.41% 38.59% 4.51% -1.5% 3.62% 3.54% -0.95% 8.02% 0.6% 1.39% 13.48% 7.63% 5.36%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Revenue $405.4M $415.0M $445.5M $405.1M $362.0M $332.7M $285.8M $206.2M $197.3M $200.3M $193.3M $186.7M $188.5M $117.6M $116.9M $115.3M $101.6M $94.40M $89.60M
Cost Of Revenue $202.2M $209.5M $227.6M $215.1M $224.9M $190.1M $160.8M $105.7M $101.0M $107.2M $103.0M $100.9M $100.7M $53.30M $56.70M $58.60M $48.60M $41.00M $37.70M
Gross Profit $203.2M $205.5M $217.8M $190.0M $137.1M $142.6M $125.0M $100.5M $96.30M $93.20M $90.30M $85.90M $87.80M $64.40M $60.30M $56.70M $53.00M $53.50M $51.90M
Gross Profit Margin 50.13% 49.53% 48.9% 46.9% 37.88% 42.87% 43.73% 48.74% 48.81% 46.53% 46.71% 46.01% 46.58% 54.76% 51.58% 49.18% 52.17% 56.67% 57.92%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Selling, General & Admin $125.0M $130.0M $127.5M $125.6M $109.9M $94.08M $75.29M $54.60M $50.40M $43.90M $45.90M $41.40M $42.80M $47.80M $43.90M $37.00M $32.60M $24.10M $23.40M
YoY Change -3.86% 1.97% 1.55% 14.27% 16.81% 24.95% 37.89% 8.33% 14.81% -4.36% 10.87% -3.27% 8.08% 8.88% 18.65% 13.5% 35.27% 2.99%
% of Gross Profit 61.51% 63.26% 58.54% 66.09% 80.14% 65.96% 60.25% 54.33% 52.34% 47.1% 50.83% 48.2% 48.75% 74.22% 72.8% 65.26% 61.51% 45.05% 45.09%
Research & Development $600.0K $600.0K $1.100M $1.300M $2.500M $2.500M $2.300M $2.000M $1.400M $1.200M $900.0K
YoY Change 0.0% -45.45% -15.38% -48.0% 0.0% 8.7% 15.0% 42.86% 16.67% 33.33%
% of Gross Profit 0.3% 0.29% 0.5% 0.68% 1.82% 1.75% 1.84% 1.99% 1.45% 1.29% 1.0%
Depreciation & Amortization $6.358M $5.299M $5.012M $5.018M $4.089M $3.110M $2.328M $1.290M $1.060M $930.0K $940.0K $0.00 $100.0K $2.460M $1.610M $1.280M $660.0K $700.0K $6.130M
YoY Change 19.98% 5.73% -0.12% 22.72% 31.48% 33.59% 80.47% 21.7% 13.98% -1.06% -100.0% 0.0% 52.8% 25.78% 93.94% -5.71% -88.58%
% of Gross Profit 3.13% 2.58% 2.3% 2.64% 2.98% 2.18% 1.86% 1.28% 1.1% 1.0% 1.04% 0.0% 0.11% 3.82% 2.67% 2.26% 1.25% 1.31% 11.81%
Operating Expenses $125.6M $130.6M $128.6M $126.9M $112.4M $96.58M $77.59M $56.60M $51.70M $45.10M $46.90M $41.40M $42.90M $48.40M $44.30M $37.50M $32.70M $24.00M $24.80M
YoY Change -3.84% 1.56% 1.38% 12.88% 16.37% 24.47% 37.08% 9.48% 14.63% -3.84% 13.29% -3.5% 8.33% 9.26% 18.13% 14.68% 36.25% -3.23%
Operating Profit $82.58M $75.51M $90.32M $64.43M $27.23M $48.54M $49.68M $43.90M $44.60M $48.10M $43.40M $44.50M $44.90M $16.00M $16.00M $19.20M $20.30M $29.50M $27.10M
YoY Change 9.35% -16.39% 40.19% 136.6% -43.9% -2.29% 13.17% -1.57% -7.28% 10.83% -2.47% -0.89% 16.02% 0.0% -16.67% -5.42% -31.19% 8.86%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Interest Expense -$14.65M -$19.52M -$20.50M -$13.49M -$14.44M -$14.82M -$16.89M -$25.90M -$34.30M -$34.30M -$44.10M -$43.00M -$35.20M -$27.10M -$3.500M -$31.30M -$19.10M -$18.70M -$19.70M
YoY Change -24.99% -4.76% 52.0% -6.57% -2.59% -12.26% -34.79% -24.49% 0.0% -22.22% 2.56% 22.16% 33.33% 674.29% -88.82% 63.87% 2.14% -5.08%
% of Operating Profit -17.73% -25.85% -22.7% -20.93% -53.01% -30.53% -34.0% -59.0% -76.91% -71.31% -101.61% -96.63% -78.4% -169.38% -21.88% -163.02% -94.09% -63.39% -72.69%
Other Income/Expense, Net $0.00 $0.00 -$1.000M $5.000M -$100.0K -$200.0K -$300.0K -$2.100M $4.400M -$11.10M -$1.900M -$2.600M
YoY Change -100.0% -120.0% -5100.0% -50.0% -33.33% -147.73% -139.64% 484.21% -26.92%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Pretax Income $61.68M $16.01M $65.30M $50.15M $19.10M $31.63M $26.93M $14.90M $10.20M -$29.00M -$1.100M $1.400M $9.500M -$11.20M $10.30M -$7.700M -$9.900M $8.700M $4.800M
YoY Change 285.37% -75.49% 30.22% 162.62% -39.63% 17.45% 80.76% 46.08% -135.17% 2536.36% -178.57% -85.26% -28.03% -208.74% -233.77% -22.22% -213.79% 81.25%
Income Tax $23.90M $4.849M $14.04M $11.96M $2.863M $6.305M $7.280M -$12.00M $1.100M $400.0K $500.0K $1.000M $1.100M $900.0K $200.0K $27.20M -$3.700M $3.200M $2.000M
% Of Pretax Income 38.75% 30.29% 21.5% 23.84% 14.99% 19.93% 27.03% -80.54% 10.78% 71.43% 11.58% 1.94% 36.78% 41.67%
Net Earnings $38.46M $11.64M $52.06M $38.19M $16.23M $25.33M $20.21M $26.90M $9.100M -$29.40M -$1.600M $400.0K $8.400M -$12.00M $10.10M -$34.90M -$6.200M $5.500M $2.700M
YoY Change 230.4% -77.64% 36.31% 135.27% -35.91% 25.33% -24.87% 195.6% -130.95% 1737.5% -500.0% -95.24% -48.47% -218.81% -128.94% 462.9% -212.73% 103.7%
Net Earnings / Revenue 9.49% 2.8% 11.69% 9.43% 4.48% 7.61% 7.07% 13.05% 4.61% -14.68% -0.83% 0.21% 4.46% -10.2% 8.64% -30.27% -6.1% 5.83% 3.01%
Basic Earnings Per Share $2.19 $0.65 $2.75 $1.97 $0.83 $1.31 $1.06
Diluted Earnings Per Share $2.01 $0.64 $2.52 $1.85 $0.78 $1.28 $1.04 $1.494M $497.3K -$1.607M -$87.43K $21.86K $459.0K -$20.00M $16.83M -$58.17M -$12.40M $7.857M $5.400M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Cash & Short-Term Investments $117.9M $106.4M $128.3M $41.80M $95.30M $3.300M $2.600M $2.900M $4.800M $8.500M $35.40M $1.800M $500.0K $2.300M $300.0K $800.0K
YoY Change 10.79% -17.08% 206.99% -56.14% 2787.88% 26.92% -10.34% -39.58% -43.53% -75.99% 260.0% -78.26% 666.67% -62.5%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $40.78M $21.80M $26.75M $26.40M $16.10M $14.70M $10.30M $11.60M $10.80M $10.90M $10.50M $3.800M $5.200M $5.900M $3.600M $3.500M
YoY Change 87.07% -18.49% 1.31% 63.98% 9.52% 42.72% -11.21% 7.41% -0.92% 3.81% -26.92% -11.86% 63.89% 2.86%
Inventory $98.96M $119.9M $87.61M $85.90M $71.00M $91.20M $63.30M $62.20M $44.30M $46.40M $62.40M $29.10M $30.60M $38.00M $42.30M $40.80M
Prepaid Expenses
Receivables $9.989M $8.377M $6.496M $9.300M $6.900M $2.600M $3.200M $2.200M $3.900M $2.500M $3.200M $5.900M $6.700M $7.800M $10.40M $7.700M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $900.0K $800.0K
Total Short-Term Assets $267.6M $256.5M $249.2M $163.4M $189.3M $111.9M $79.50M $78.90M $64.00M $68.30M $111.5M $40.60M $43.00M $54.00M $57.40M $53.60M
YoY Change 4.34% 2.94% 52.49% -13.68% 69.17% 40.75% 0.76% 23.28% -6.3% -38.74% -5.58% -20.37% -5.92% 7.09%
Property, Plant & Equipment $42.70M $35.25M $33.70M $33.40M $25.90M $10.60M $8.900M $7.600M $5.600M $5.100M $4.700M $14.30M $14.40M $10.80M $8.300M $5.200M
YoY Change 21.13% 4.6% 0.91% 28.96% 144.34% 19.1% 17.11% 35.71% 9.8% 8.51% -0.69% 33.33% 30.12% 59.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.155M $21.20M $33.65M $24.00M
YoY Change -56.81% -37.01% 40.2%
Other Assets $32.69M $60.51M $35.22M $36.10M $43.60M $35.70M $32.90M $37.00M $35.70M $39.60M $40.20M $28.10M $29.90M $28.60M $38.40M $31.30M
YoY Change -45.98% 71.81% -2.43% -17.2% 22.13% 8.51% -11.08% 3.64% -9.85% -1.49% -6.02% 4.55% -25.52% 22.68%
Total Long-Term Assets $301.7M $315.6M $352.4M $332.6M $257.3M $227.5M $202.8M $206.1M $178.5M $181.9M $182.1M $180.2M $182.8M $178.4M $186.2M $160.0M
YoY Change -4.39% -10.44% 5.95% 29.27% 13.1% 12.18% -1.6% 15.46% -1.87% -0.11% -1.42% 2.47% -4.19% 16.38%
Total Assets $569.4M $572.1M $601.6M $496.0M $446.6M $339.4M $282.3M $285.0M $242.5M $250.2M $293.6M $220.8M $225.8M $232.4M $243.6M $213.6M
YoY Change
Accounts Payable $8.407M $8.355M $7.361M $9.200M $14.10M $6.800M $3.700M $9.200M $4.100M $2.300M $12.40M $1.900M $6.300M $7.000M $5.300M $2.900M
YoY Change 0.62% 13.5% -19.99% -34.75% 107.35% 83.78% -59.78% 124.39% 78.26% -81.45% -69.84% -10.0% 32.08% 82.76%
Accrued Expenses $29.13M $33.00M $30.88M $30.90M $25.80M $22.90M $18.70M $15.70M $15.40M $14.20M $30.60M $15.60M $13.30M $10.90M $6.800M $2.400M
YoY Change -11.74% 6.85% -0.05% 19.77% 12.66% 22.46% 19.11% 1.95% 8.45% -53.59% 17.29% 22.02% 60.29% 183.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $26.00M $8.000M $15.00M $0.00 $7.400M $0.00 $3.600M $0.00 $14.50M $6.300M $5.500M
YoY Change -100.0% 225.0% -46.67% -100.0% -100.0% 130.16% 14.55%
Long-Term Debt Due $58.98M $0.00 $0.00 $12.00M $15.20M $8.000M $7.900M $1.700M $1.700M $1.700M $0.00
YoY Change -100.0% -21.05% 90.0% 1.27% 364.71% 0.0% 0.0%
Total Short-Term Liabilities $100.3M $41.38M $40.34M $56.60M $55.90M $63.80M $38.20M $41.60M $21.10M $25.90M $43.30M $24.40M $23.50M $37.20M $23.00M $21.30M
YoY Change 142.5% 2.58% -28.73% 1.25% -12.38% 67.02% -8.17% 97.16% -18.53% -40.18% 3.83% -36.83% 61.74% 7.98%
Long-Term Debt $308.6M $406.8M $414.2M $302.1M $269.0M $186.7M $186.2M $201.5M $290.8M $303.6M $300.6M $267.4M $263.2M $266.6M $185.7M $155.0M
YoY Change -24.12% -1.79% 37.1% 12.3% 44.08% 0.27% -7.59% -30.71% -4.22% 1.0% 1.6% -1.28% 43.56% 19.81%
Other Long-Term Liabilities $8.374M $10.59M $13.34M $19.80M $13.60M $4.000M $4.500M $7.900M $5.200M $5.700M $6.600M $10.20M $9.900M $10.10M $80.40M $70.60M
YoY Change -20.95% -20.57% -32.65% 45.59% 240.0% -11.11% -43.04% 51.92% -8.77% -13.64% 3.03% -1.98% -87.44% 13.88%
Total Long-Term Liabilities $317.0M $417.4M $427.5M $321.9M $282.6M $190.7M $190.7M $209.4M $296.0M $309.3M $307.2M $277.6M $273.1M $276.7M $266.1M $225.6M
YoY Change -24.04% -2.38% 32.81% 13.91% 48.19% 0.0% -8.93% -29.26% -4.3% 0.68% 1.65% -1.3% 3.98% 17.95%
Total Liabilities $418.4M $460.5M $470.2M $382.6M $340.0M $256.8M $229.0M $251.0M $324.1M $341.8M $357.0M $309.3M $302.7M $318.9M $290.2M $246.9M
YoY Change -9.14% -2.06% 22.88% 12.53% 32.4% 12.14% -8.76% -22.55% -5.18% -4.26% 2.18% -5.08% 9.89% 17.54%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2006 2005 2004 2003 2002 2001
Basic Shares Outstanding 17.58M 17.90M 18.92M 19.40M 19.63M 19.36M 18.99M
Diluted Shares Outstanding 20.47M 18.06M 22.38M 22.94M 23.24M 19.83M 19.51M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.1197 Billion

About Turning Point Brands, Inc.

Turning Point Brands, Inc. engages in manufacturing, marketing, and distributing branded consumer products including alternative smoking accessories and consumables with active ingredients. The company is headquartered in Louisville, Kentucky and currently employs 373 full-time employees. The company went IPO on 2016-05-11. The company sells a range of products to adult consumers consisting of staple products under the brands Zig-Zag and Stoker’s. Its segments include Zig-Zag Products (Zig-Zag), Stoker’s Products (Stoker’s) and Creative Distribution Solutions. Zig-Zag principally market and distribute rolling papers, tubes, and related products; finished cigars and make-your-own cigar wraps, and CLIPPER reusable lighters and other accessories. Stoker’s manufactures and markets moist snuff tobacco (MST) and contract for and market loose leaf chewing tobacco products. Creative Distribution Solutions segment markets and distributes liquid nicotine products and certain other products without tobacco and/or nicotine; distributes an assortment of products to non-traditional retail outlets via Vapor Beast, and markets and distributes an assortment of products to individual consumers via the VaporFi B2C online platform.

Industry: Tobacco Products Peers: 22nd Century Group, Inc. PYXUS INTERNATIONAL, INC. ALTRIA GROUP, INC. Charlie's Holdings, Inc. VECTOR GROUP LTD Healthier Choices Management Corp. Hempacco Co., Inc. Philip Morris International Inc. UNIVERSAL CORP /VA/