Last 48 quarters of trend data · Consumer Defensive · Tobacco
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Turning Point Brands, Inc.'s quarterly P/E stands at 36.2x, up 92.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 131.7% YoY to 30.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 26.37 | 36.16 | 64.52 | 21.87 | 23.98 | 18.81 | 115.58 | 15.86 | 11.80 | 11.63 | 12.42 | 9.95 | 11.33 |
| — | +92.3% | -44.2% | +37.9% | +103.2% | +61.8% | +830.9% | +59.4% | +4.2% | -9.2% | — | +3.1% | -58.3% | |
| P/S Ratio | 3.43 | 3.40 | 4.38 | 3.89 | 2.98 | 2.55 | 2.93 | 2.19 | 1.73 | 1.78 | 1.37 | 1.15 | 1.17 |
| — | +33.5% | +49.4% | +77.1% | +71.5% | +43.2% | +114.4% | +90.5% | +47.8% | +63.5% | +48.9% | +10.9% | -17.0% | |
| P/B Ratio | 4.13 | 4.38 | 5.69 | 5.16 | 6.17 | 5.33 | 5.76 | 4.26 | 3.72 | 3.67 | 3.49 | 3.31 | 3.79 |
| — | -17.8% | -1.2% | +21.2% | +66.1% | +45.4% | +65.1% | +28.8% | -1.9% | +1.3% | +4.3% | -3.5% | -16.6% | |
| P/FCF | 36.23 | — | 21.79 | — | 44.32 | 17.81 | 16.49 | 15.81 | 14.77 | 6.63 | 5.78 | 10.30 | 10.57 |
| — | — | +32.2% | — | +200.0% | +168.5% | +185.2% | +53.5% | +39.8% | -20.8% | -21.6% | -23.9% | — | |
| EV / EBITDA | 16.30 | 30.13 | 25.12 | 17.59 | 14.03 | 13.00 | 17.00 | 11.34 | 9.17 | 10.26 | 7.73 | 8.53 | 8.84 |
| — | +131.7% | +47.8% | +55.2% | +53.0% | +26.7% | +119.9% | +32.9% | +3.6% | +8.1% | -12.5% | -6.7% | -23.8% | |
| EV / EBIT | 17.57 | 34.99 | 27.53 | 13.14 | 14.02 | 13.80 | 14.57 | 11.69 | 9.49 | 10.19 | 7.38 | 8.92 | 9.46 |
| — | +153.5% | +89.0% | +12.3% | +47.7% | +35.5% | +97.4% | +31.0% | +0.3% | -1.1% | -13.5% | -6.8% | -21.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Turning Point Brands, Inc.'s operating margin was 10.4% in Q1 2026, down 6.1 pp QoQ and down 11.4 pp YoY. This marks the 4th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 17.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.1% | 55.0% | 55.9% | 59.2% | 57.1% | 56.0% | 56.0% | 55.6% | 54.1% | 58.2% | 52.0% | 51.3% | 50.3% |
| — | -1.9% | -0.1% | +6.5% | +5.7% | -3.8% | +7.6% | +8.4% | +7.5% | +19.4% | +8.5% | +4.8% | +0.5% | |
| Operating Margin | 20.6% | 10.4% | 16.5% | 21.8% | 22.6% | 21.8% | 19.1% | 22.9% | 24.5% | 23.2% | 24.7% | 20.1% | 19.7% |
| — | -52.4% | -13.8% | -5.2% | -8.0% | -6.1% | -22.6% | +14.2% | +24.7% | +29.7% | +39.2% | +9.3% | +11.6% | |
| Net Margin | 12.6% | 9.4% | 6.8% | 17.7% | 12.4% | 13.5% | 2.6% | 13.6% | 14.0% | 14.5% | 10.4% | 10.8% | 9.5% |
| — | -30.6% | +163.0% | +29.9% | -11.0% | -6.5% | -75.2% | +26.9% | +46.8% | +89.9% | +166.0% | +0.5% | +80.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.7% | 3.1% | 2.2% | 7.2% | 6.8% | 7.3% | 1.3% | 6.9% | 7.8% | 7.7% | 6.9% | 8.0% | 8.0% |
| — | -57.9% | +75.5% | +5.4% | -12.9% | -4.7% | -81.5% | -14.6% | -2.5% | +17.8% | +151.7% | -9.9% | +90.8% | |
| ROA | 9.3% | 1.5% | 1.1% | 3.1% | 2.5% | 2.7% | 0.5% | 2.3% | 2.2% | 2.1% | 1.8% | 1.9% | 1.8% |
| — | -44.2% | +121.3% | +37.4% | +13.0% | +30.9% | -72.6% | +17.9% | +24.6% | +54.9% | +164.6% | +1.5% | +99.9% | |
| ROIC | 16.6% | 2.0% | 3.2% | 4.4% | 4.8% | 4.3% | 3.3% | 3.8% | 4.2% | 3.5% | 4.3% | 3.6% | 3.7% |
| — | -52.7% | -1.1% | +15.9% | +13.7% | +21.4% | -23.8% | +5.2% | +14.6% | +11.7% | +38.2% | +9.9% | +19.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Turning Point Brands, Inc.'s Debt/EBITDA ratio is 20.4x, up from 14.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 32.7% YoY to 5.87x, strengthening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.83 | 0.79 | 0.83 | 0.86 | 1.36 | 1.50 | 1.37 | 1.39 | 2.17 | 2.34 | 2.49 | 2.70 | 3.03 |
| — | -47.2% | -39.5% | -38.4% | -37.6% | -36.1% | -44.8% | -48.3% | -28.3% | -30.8% | -33.0% | -18.2% | -10.0% | |
| Debt / EBITDA | 3.01 | 20.38 | 14.09 | 11.05 | 10.80 | 12.29 | 13.54 | 11.54 | 15.70 | 18.50 | 14.76 | 17.29 | 17.73 |
| — | +65.9% | +4.1% | -4.2% | -31.2% | -33.6% | -8.3% | -33.3% | -11.5% | -11.8% | -31.1% | -15.1% | -19.8% | |
| Current Ratio | 5.56 | 5.87 | 5.56 | 5.56 | 4.22 | 4.42 | 4.42 | 4.21 | 1.80 | 2.55 | 2.67 | 2.85 | 6.04 |
| — | +32.7% | +25.8% | +32.1% | +134.5% | +73.2% | +65.8% | +47.8% | -70.1% | -62.5% | -57.2% | -53.4% | +14.2% | |
| Quick Ratio | 4.12 | 4.05 | 4.12 | 3.60 | 2.67 | 2.64 | 2.27 | 1.78 | 1.17 | 1.59 | 1.75 | 1.50 | 3.04 |
| — | +53.5% | +81.2% | +101.8% | +129.1% | +66.1% | +29.7% | +19.1% | -61.6% | -56.7% | -47.3% | -55.8% | +3.4% | |
| Interest Coverage | 4.28 | 1.80 | 3.26 | 5.33 | 5.49 | 5.29 | 6.02 | 5.79 | 7.64 | 3.91 | 10.19 | 5.25 | 5.13 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying TPB stock.
Turning Point Brands, Inc.'s current P/E is 26.4x. The average P/E over the last 4 quarters is 36.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Turning Point Brands, Inc.'s current operating margin is 20.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Turning Point Brands, Inc.'s business trajectory between earnings reports.