Turning Point Brands, Inc. (TPB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
TPB Revenue Growth
Revenue Breakdown (FY 2023)
TPB's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
TPB Revenue Analysis (2014–2025)
As of May 8, 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.
Looking at the longer-term picture, TPB's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $463.1 million in 2025, representing a new all-time high.
Revenue diversification analysis shows TPB's business 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 maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including STG (-0.7% YoY), XXII (+75.4% YoY), and TPVG, TPB has underperformed the peer group in terms of 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 | -0.7% | -1.9% | 15.0% | |
 XXII | $18M | +75.4% | -9.0% | -64.9% | |
 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 (2014–2025)
| 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% |
See TPB's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TPB Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare TPB vs WMT
Side-by-side business, growth, and profitability comparison vs Walmart Inc..
Start ComparisonTPB — Frequently Asked Questions
Quick answers to the most common questions about buying TPB stock.
Is TPB's revenue growth accelerating or slowing?
TPB revenue is accelerating at +16.8% year-over-year, exceeding the 5-year CAGR of +2.7%. TTM revenue reached $481M. Growth momentum has increased versus prior periods.
What is TPB's long-term revenue growth rate?
Turning Point Brands, Inc.'s 5-year revenue CAGR of +2.7% reflects the sustained expansion pattern. Current YoY growth of +16.8% is above this long-term average.
How is TPB's revenue distributed by segment?
TPB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.