Turning Point Brands, Inc. (TPB) Revenue History
Annual and quarterly revenue from 2004 to present
TPB Revenue Over Time (2004–2025)
TPB Revenue Growth History
13 of 15 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- +1.4%
- FY2006 revenue growth
- +0.6%
- FY2013 revenue growth
- +64.4%
- FY2014 revenue growth
- +3.6%
- FY2015 revenue growth
- -1.5%
- FY2016 revenue growth
- +4.5%
- FY2017 revenue growth
- +38.6%
- FY2018 revenue growth
- +16.4%
- FY2019 revenue growth
- +8.8%
- FY2020 revenue growth
- +11.9%
- FY2021 revenue growth
- +10.0%
- FY2022 revenue growth
- -27.9%
- FY2023 revenue growth
- +1.2%
- FY2024 revenue growth
- +11.0%
- FY2025 revenue growth
- +28.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $124.3M | +16.8% |
| Q4 2025 | $121.0M | +29.2% |
| Q3 2025 | $119.0M | +31.2% |
| Q2 2025 | $116.6M | +25.1% |
| Q1 2025 | $106.4M | +28.1% |
| Q4 2024 | $93.7M | -3.6% |
| Q3 2024 | $90.7M | -9.9% |
| Q2 2024 | $93.2M | -10.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
TPB's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
TPB Revenue Analysis (2004–2025)
Current Revenue & Growth
As of June 29, 2026, Turning Point Brands, Inc. (TPB) generated trailing twelve-month (TTM) revenue of $480.9 million, reflecting strong growth of +16.8% year-over-year. The most recent quarter (Q1 2026) recorded $124.3 million in revenue, up 2.7% sequentially.
Historical Growth Trajectory
TPB's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The 3-year CAGR of +13.0% exceeds the 5-year average, indicating an acceleration in the most recent period. Turning Point Brands, Inc.'s highest annual revenue of $463.1 million was recorded in 2025, an all-time high.
Revenue by Segment
TPB's revenue is primarily driven by Zig-Zag Products (56%), and Stoker's Products (44%). With over half of revenue concentrated in Zig-Zag Products, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Defensive sector peers — including STG (+1.5% YoY), XXII (-19.8% YoY), and TPVG — TPB has outperformed the peer group in revenue growth. Compare TPB vs STG →
TPB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TPBCurrent | $481M | +16.8% | +2.7% | 20.6% | |
 STG | $2.0B | +1.5% | -1.7% | 22.0% | |
 XXII | $7M | -19.8% | -24.2% | -162.0% | |
 TPVG | $97M | - | - | 77.9% | |
 MO | $20.1B | +7.7% | -0.7% | 74.8% | |
 PM | $40.6B | +8.1% | +7.2% | 36.7% |
TPB Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $463.1M | +28.4% | $264.3M | 57.1% | $95.3M | 20.6% |
| 2024 | $360.7M | +11.0% | $201.6M | 55.9% | $86.7M | 24.0% |
| 2023 | $325.1M | +1.2% | $182.9M | 56.3% | $80.2M | 24.7% |
| 2022 | $321.2M | -27.9% | $177.8M | 55.4% | $79.2M | 24.7% |
| 2021 | $445.5M | +10.0% | $217.8M | 48.9% | $90.3M | 20.3% |
| 2020 | $405.1M | +11.9% | $190.0M | 46.9% | $64.4M | 15.9% |
| 2019 | $362.0M | +8.8% | $160.1M | 44.2% | $27.2M | 7.5% |
| 2018 | $332.7M | +16.4% | $142.6M | 42.9% | $48.5M | 14.6% |
| 2017 | $285.8M | +38.6% | $124.9M | 43.7% | $49.5M | 17.3% |
| 2016 | $206.2M | +4.5% | $100.4M | 48.7% | $43.6M | 21.1% |
| 2015 | $197.3M | -1.5% | $96.3M | 48.8% | $44.5M | 22.6% |
| 2014 | $200.3M | +3.6% | $93.2M | 46.5% | $48.1M | 24.0% |
| 2013 | $193.3M | +64.4% | $90.3M | 46.7% | $43.4M | 22.5% |
| 2006 | $117.6M | +0.6% | $64.3M | 54.7% | $15.9M | 13.5% |
| 2005 | $116.9M | +1.4% | $60.2M | 51.5% | $15.9M | 13.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
22+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TPB — Frequently Asked Questions
Quick answers to the most common questions about buying TPB stock.
Is TPB's revenue growth accelerating or slowing?
TPB revenue growth is accelerating. TTM revenue reached $481M, up +16.8% year-over-year — ahead of the 5-year CAGR of +2.7%. This indicates the business is expanding faster than its historical baseline.
What is TPB's revenue history from 2004 to 2026?
Turning Point Brands, Inc. (TPB) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $481M, growing at +16.8% YoY. The 5-year CAGR is +2.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TPB's long-term revenue growth rate (CAGR)?
Turning Point Brands, Inc.'s 5-year revenue CAGR of +2.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +16.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TPB.
Why does TPB's quarterly revenue fluctuate?
TPB quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Turning Point Brands, Inc.'s revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is TPB's revenue distributed by segment?
TPB reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TPB's revenue compare to industry peers?
Turning Point Brands, Inc. (TPB) with TTM revenue of $481M and +16.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.