Turning Pt Brands Inc Financials
This page shows Turning Pt Brands Inc (TPB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Turning Pt Brands Inc has an operating margin of 22.4%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 25.5% the prior year.
Turning Pt Brands Inc's revenue grew 11.0% year-over-year to $360.7M, a solid pace of expansion. This earns a growth score of 60/100.
Turning Pt Brands Inc has a moderate D/E ratio of 1.31. This balance of debt and equity financing earns a leverage score of 63/100.
With a current ratio of 4.42, Turning Pt Brands Inc holds $4.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Turning Pt Brands Inc converts 17.3% of revenue into free cash flow ($62.4M). This strong cash generation earns a score of 87/100.
Turning Pt Brands Inc earns a strong 20.9% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is down from 25.5% the prior year.
Turning Pt Brands Inc scores 7.06, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.5B) relative to total liabilities ($303.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Turning Pt Brands Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Turning Pt Brands Inc generates $1.68 in operating cash flow ($67.1M OCF vs $39.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Turning Pt Brands Inc earns $4.4 in operating income for every $1 of interest expense ($80.8M vs $18.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Turning Pt Brands Inc generated $360.7M in revenue in fiscal year 2024. This represents an increase of 11.0% from the prior year.
Turning Pt Brands Inc generated $62.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.1% from the prior year.
Turning Pt Brands Inc reported $39.8M in net income in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Turning Pt Brands Inc earned $2.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 6.5% from the prior year.
Turning Pt Brands Inc held $48.9M in cash against $248.6M in long-term debt as of fiscal year 2024.
Turning Pt Brands Inc paid $0.28 per share in dividends in fiscal year 2024. This represents an increase of 7.7% from the prior year.
Turning Pt Brands Inc's gross margin was 55.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Turning Pt Brands Inc's operating margin was 22.4% in fiscal year 2024, reflecting core business profitability. This is down 3.1 percentage points from the prior year.
Turning Pt Brands Inc's net profit margin was 11.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.
Turning Pt Brands Inc's ROE was 20.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.6 percentage points from the prior year.
Turning Pt Brands Inc invested $1.3M in research and development in fiscal year 2024. This represents an increase of 116.7% from the prior year.
Turning Pt Brands Inc spent $5.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Turning Pt Brands Inc invested $4.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 19.0% from the prior year.
TPB Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $119.0M+2.0% | $116.6M+9.6% | $106.4M+13.6% | $93.7M+3.3% | $90.7M-2.7% | $93.2M+12.2% | $83.1M0.0% | $83.1M |
| Cost of Revenue | $48.6M-2.9% | $50.0M+6.8% | $46.8M+13.5% | $41.2M+2.3% | $40.3M-5.9% | $42.8M+23.4% | $34.7M+358.4% | -$13.4M |
| Gross Profit | $70.4M+5.7% | $66.6M+11.8% | $59.6M+13.7% | $52.4M+4.0% | $50.4M0.0% | $50.4M+4.2% | $48.4M+2.1% | $47.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $44.5M+10.5% | $40.3M+10.6% | $36.4M+5.5% | $34.5M+16.7% | $29.6M+1.3% | $29.2M+0.4% | $29.1M+184.2% | $10.2M |
| Operating Income | $25.9M-1.7% | $26.3M+13.5% | $23.2M+29.7% | $17.9M-14.0% | $20.8M-9.0% | $22.9M+18.7% | $19.3M-21.7% | $24.6M |
| Interest Expense | $7.0M+6.1% | $6.6M+16.0% | $5.7M+70.7% | $3.3M-27.6% | $4.6M-14.2% | $5.4M+1.9% | $5.3M+34.9% | $3.9M |
| Income Tax | $6.5M+52.5% | $4.2M+108.0% | $2.0M-50.5% | $4.1M-11.5% | $4.7M+5.0% | $4.4M+18.8% | $3.7M-74.2% | $14.4M |
| Net Income | $21.1M+45.6% | $14.5M+0.6% | $14.4M+495.8% | $2.4M-80.5% | $12.4M-4.9% | $13.0M+8.3% | $12.0M+18.8% | $10.1M |
| EPS (Diluted) | $1.13+43.0% | $0.790.0% | $0.79+507.7% | $0.13-80.9% | $0.680.0% | $0.68+7.9% | $0.63+18.9% | $0.53 |
TPB Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $742.8M+24.7% | $595.8M+5.5% | $564.6M+14.4% | $493.4M+1.1% | $488.0M-17.5% | $591.6M+0.9% | $586.3M+3.0% | $569.4M |
| Current Assets | $396.4M+39.0% | $285.2M+10.1% | $259.0M+30.7% | $198.2M+7.3% | $184.8M-36.2% | $289.7M+3.8% | $279.0M+4.3% | $267.6M |
| Cash & Equivalents | $201.2M+83.0% | $109.9M+10.3% | $99.6M+103.6% | $48.9M+45.8% | $33.6M-76.4% | $142.2M+8.6% | $130.9M+11.0% | $117.9M |
| Inventory | $112.8M+7.4% | $105.0M+0.5% | $104.4M+8.5% | $96.3M-9.6% | $106.4M+4.0% | $102.3M-3.0% | $105.5M+15.0% | $91.7M |
| Accounts Receivable | $27.8M-7.5% | $30.1M+102.2% | $14.9M+54.4% | $9.6M-9.1% | $10.6M-15.7% | $12.6M+53.2% | $8.2M-18.0% | $10.0M |
| Goodwill | $136.1M0.0% | $136.1M+0.2% | $135.8M-0.1% | $135.9M-0.4% | $136.4M+0.1% | $136.3M0.0% | $136.4M+0.1% | $136.3M |
| Total Liabilities | $384.7M+3.7% | $371.0M+2.7% | $361.1M+19.2% | $303.0M+0.6% | $301.3M-27.9% | $417.6M-1.8% | $425.2M+1.9% | $417.4M |
| Current Liabilities | $71.3M+5.7% | $67.5M+15.2% | $58.6M+30.8% | $44.8M+2.1% | $43.9M-72.7% | $160.8M+47.1% | $109.3M+8.9% | $100.3M |
| Long-Term Debt | $293.4M+0.1% | $293.1M0.0% | $293.1M+17.9% | $248.6M+0.1% | $248.3M+0.1% | $248.0M-19.1% | $306.5M-0.2% | $307.1M |
| Total Equity | $358.2M+59.3% | $224.8M+10.5% | $203.4M+6.9% | $190.4M+2.5% | $185.7M+7.4% | $172.8M+8.1% | $160.0M+6.0% | $151.0M |
| Retained Earnings | $192.9M+11.3% | $173.3M+8.2% | $160.2M+8.8% | $147.2M+0.8% | $146.0M+8.2% | $134.9M+9.5% | $123.2M+9.6% | $112.4M |
TPB Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.3M-72.2% | $11.8M-32.1% | $17.4M-1.9% | $17.7M+34.0% | $13.2M-1.4% | $13.4M-40.6% | $22.6M-15.8% | $26.9M |
| Capital Expenditures | $4.0M+0.4% | $4.0M+82.7% | $2.2M+97.4% | $1.1M+68.2% | $658K-73.6% | $2.5M+580.9% | $366K-75.6% | $1.5M |
| Free Cash Flow | -$721K-109.2% | $7.8M-48.6% | $15.2M-8.5% | $16.6M+32.2% | $12.6M+15.0% | $10.9M-50.9% | $22.3M-12.2% | $25.4M |
| Investing Cash Flow | -$19.8M-481.8% | -$3.4M+35.1% | -$5.2M-261.9% | -$1.4M-32.3% | -$1.1M-7900.0% | $14K+100.2% | -$8.0M-431.3% | -$1.5M |
| Financing Cash Flow | $107.9M+5923.3% | $1.8M-95.3% | $38.5M+5188.5% | -$757K+99.4% | -$120.8M-5455.7% | -$2.2M+52.5% | -$4.6M-28.9% | -$3.5M |
| Dividends Paid | $1.4M+0.9% | $1.3M-2.8% | $1.4M+9.8% | $1.3M+1.9% | $1.2M-1.7% | $1.3M+9.5% | $1.1M+0.5% | $1.1M |
| Share Buybacks | $0 | $0 | $0-100.0% | $881K-21.3% | $1.1M+15.1% | $972K-53.2% | $2.1M | $0 |
TPB Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.2%+2.1pp | 57.1%+1.1pp | 56.0%+0.1pp | 56.0%+0.4pp | 55.6%+1.5pp | 54.1%-4.1pp | 58.2%+1.2pp | 57.0% |
| Operating Margin | 21.8%-0.8pp | 22.6%+0.8pp | 21.8%+2.7pp | 19.1%-3.9pp | 22.9%-1.6pp | 24.5%+1.3pp | 23.2%-6.4pp | 29.6% |
| Net Margin | 17.7%+5.3pp | 12.4%-1.1pp | 13.5%+10.9pp | 2.6%-11.1pp | 13.6%-0.3pp | 14.0%-0.5pp | 14.5%+2.3pp | 12.2% |
| Return on Equity | 5.9%-0.5pp | 6.4%-0.6pp | 7.1%+5.8pp | 1.3%-5.4pp | 6.7%-0.9pp | 7.5%+0.0pp | 7.5%+0.8pp | 6.7% |
| Return on Assets | 2.8%+0.4pp | 2.4%-0.1pp | 2.5%+2.1pp | 0.5%-2.0pp | 2.5%+0.3pp | 2.2%+0.1pp | 2.1%+0.3pp | 1.8% |
| Current Ratio | 5.56+1.3 | 4.22-0.2 | 4.420.0 | 4.42+0.2 | 4.21+2.4 | 1.80-0.8 | 2.55-0.1 | 2.67 |
| Debt-to-Equity | 0.82-0.5 | 1.30-0.1 | 1.44+0.1 | 1.31-0.0 | 1.34-0.1 | 1.43-0.5 | 1.92-0.1 | 2.03 |
| FCF Margin | -0.6%-7.3pp | 6.7%-7.6pp | 14.3%-3.5pp | 17.8%+3.9pp | 13.9%+2.1pp | 11.7%-15.1pp | 26.8%-3.7pp | 30.6% |
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Frequently Asked Questions
What is Turning Pt Brands Inc's annual revenue?
Turning Pt Brands Inc (TPB) reported $360.7M in total revenue for fiscal year 2024. This represents a 11.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Turning Pt Brands Inc's revenue growing?
Turning Pt Brands Inc (TPB) revenue grew by 11% year-over-year, from $325.1M to $360.7M in fiscal year 2024.
Is Turning Pt Brands Inc profitable?
Yes, Turning Pt Brands Inc (TPB) reported a net income of $39.8M in fiscal year 2024, with a net profit margin of 11.0%.
What is Turning Pt Brands Inc's earnings per share (EPS)?
Turning Pt Brands Inc (TPB) reported diluted earnings per share of $2.14 for fiscal year 2024. This represents a 6.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Turning Pt Brands Inc have?
As of fiscal year 2024, Turning Pt Brands Inc (TPB) had $48.9M in cash and equivalents against $248.6M in long-term debt.
What is Turning Pt Brands Inc's gross margin?
Turning Pt Brands Inc (TPB) had a gross margin of 55.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Turning Pt Brands Inc's operating margin?
Turning Pt Brands Inc (TPB) had an operating margin of 22.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Turning Pt Brands Inc's net profit margin?
Turning Pt Brands Inc (TPB) had a net profit margin of 11.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Turning Pt Brands Inc pay dividends?
Yes, Turning Pt Brands Inc (TPB) paid $0.28 per share in dividends during fiscal year 2024.
What is Turning Pt Brands Inc's return on equity (ROE)?
Turning Pt Brands Inc (TPB) has a return on equity of 20.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Turning Pt Brands Inc's free cash flow?
Turning Pt Brands Inc (TPB) generated $62.4M in free cash flow during fiscal year 2024. This represents a 2.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Turning Pt Brands Inc's operating cash flow?
Turning Pt Brands Inc (TPB) generated $67.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Turning Pt Brands Inc's total assets?
Turning Pt Brands Inc (TPB) had $493.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Turning Pt Brands Inc's capital expenditures?
Turning Pt Brands Inc (TPB) invested $4.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Turning Pt Brands Inc spend on research and development?
Turning Pt Brands Inc (TPB) invested $1.3M in research and development during fiscal year 2024.
Does Turning Pt Brands Inc buy back shares?
Yes, Turning Pt Brands Inc (TPB) spent $5.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Turning Pt Brands Inc's current ratio?
Turning Pt Brands Inc (TPB) had a current ratio of 4.42 as of fiscal year 2024, which is generally considered healthy.
What is Turning Pt Brands Inc's debt-to-equity ratio?
Turning Pt Brands Inc (TPB) had a debt-to-equity ratio of 1.31 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Turning Pt Brands Inc's return on assets (ROA)?
Turning Pt Brands Inc (TPB) had a return on assets of 8.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Turning Pt Brands Inc's Altman Z-Score?
Turning Pt Brands Inc (TPB) has an Altman Z-Score of 7.06, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Turning Pt Brands Inc's Piotroski F-Score?
Turning Pt Brands Inc (TPB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Turning Pt Brands Inc's earnings high quality?
Turning Pt Brands Inc (TPB) has an earnings quality ratio of 1.68x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Turning Pt Brands Inc cover its interest payments?
Turning Pt Brands Inc (TPB) has an interest coverage ratio of 4.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Turning Pt Brands Inc?
Turning Pt Brands Inc (TPB) scores 82 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.