Cannabismarketcap

TPBNYSEAncillary

Turning Point Brands

United States#7 by Market Cap#2 in AncillaryActiveDiversified

Partial cannabis exposure: Tobacco/smoking products company; cannabis exposure via accessories.

$67.11-0.23▼-0.34%USD

Turning Point Brands (TPB) is an ancillary cannabis company trading on the NYSE. The stock is currently priced at $67.11 with a market capitalization of $1.35B and trailing twelve-month revenue of $507.2M. The company reports a gross margin of 59.2%. View SEC filings ↗

Market Cap

$1.35B

Volume

270.2K

Prev Close

$67.34

52W High

$146.90

52W Low

$54.17

P/S Ratio

2.66

Shares Out

20.0M

Revenue

$507.2M

Gross Margin

59.2%

Cash

$268.3M

TPB Price Chart

Latest Quarterly Results

In Q2 2026, Turning Point Brands reported revenue of $143.0M, up 22.6% from Q2 2025. Gross margin was 65.5%. Net income was $3.6M. The company ended the quarter with $268.3M in cash and $294.1M of debt.

TPBQ2 2026YoY
Revenue$143.0M+22.6%
Gross margin65.5%+8.4 pts
Net income$3.6M-75.2%
Operating cash flow$26.3M+122.7%
Cash & equivalents$268.3M+144.1%
Total debt$294.1M-2.0%

Source: SEC filings, in USD; quarters are calendar quarters of the period end. Latest filing: 10-Q, filed Aug 4, 2026 ↗. Next report expected around Nov 9, 2026 (estimate).

Trading Data

Previous Close$67.34
Open$67.14
Day Range$66.56 – $68.48
52-Week Range$54.17 – $146.90
$54.17$146.90
Volume270.2K
Avg Volume277.9K
Market Cap$1.35B
Enterprise Value$1.38B
Shares Outstanding20.0M
P/S Ratio2.66
Revenue Growth YoY+24.49%

Valuation Metrics

P/S Ratio (TTM)
2.66Below 5x
EV / Revenue
2.71xBelow 5x
Gross Margin
59.2%Strong margin profile
Revenue Growth YoY
+24.49%Positive momentum
Cash Runway
—
Debt-to-Equity
—

Financial Highlights

View Full Financials
R
Revenue TTM$507.2MTrailing twelve months
G
Gross Profit$300.1MRevenue x Margin
%
Gross Margin59.2%Strong profitability
$
Cash & Equivalents$268.3MAvailable liquidity
D
Total Debt$294.1MOutstanding obligations
N
Net Cash Position-$25.8MCash minus debt

Quarterly Revenue

Reported quarterly revenue (SEC filings)

TTM: $507.2M

TPB Key Takeaways

  • Turning Point Brands (TPB) trades at $67.11 with a market cap of $1.35B, ranking #7 among 71 cannabis stocks.
  • Trailing twelve-month revenue is $507.2M, growing +24.49% year-over-year.
  • Gross margin stands at 59.2% — strong margin profile for a cannabis company.
  • Balance sheet shows $268.3M cash against $294.1M debt — net debt position.
  • Price-to-Sales ratio of 2.66x — below sector median, potentially undervalued.
  • Ranked #2 by market cap in the Ancillary sector. Trades on the NYSE exchange.

TPB Stock Analysis

Turning Point Brands (TPB) is an ancillary cannabis company listed on the NYSE exchange, headquartered in the United States. With a current share price of $67.11 and a market capitalization of $1.35B, TPB ranks #7 out of 71 publicly traded cannabis stocks tracked on Cannabismarketcap.

From a fundamental perspective, Turning Point Brands reports trailing twelve-month revenue of $507.2M, representing growth of +24.49% year-over-year. The company maintains a gross margin of 59.2%, which places it among the stronger operators in the cannabis space. At a price-to-sales multiple of 2.66x, the stock appears attractively valued relative to its revenue base.

The company's balance sheet shows $268.3M in cash and equivalents against $294.1M in total debt, leaving net debt of $25.8M. Investors looking for a deeper dive can explore TPB's full financial statements including quarterly breakdowns and balance sheet history.

TPB currently trades within a 52-week range of $54.17 to $146.90. Average daily trading volume stands at 270.2K shares. The company employs approximately 484 people.

Corporate Information

Company Name
Turning Point Brands
Ticker Symbol
TPB
Exchange
NYSE
Sector
AncillaryAncillary Services
Industry
TOBACCO PRODUCTS(SIC 2100)
Headquarters
United States
IPO / List Date
May 11, 2016
Employees
484
Market Cap
$1.35B#7 in cannabis
Shares Outstanding
20.0M
Status
Active
Currency
USD

Share Structure

Shares Outstanding
20.0M
Market Cap
$1.35B
Enterprise Value
$1.38B
Avg Volume (30d)
277.9K
Dilution Rate
—

TPB Price History

Investment Snapshot

Programmatic analysis based on available financial data. Not investment advice.

Market PositionPositive

Ranked #7 of 71 by market cap ($1.35B). Sector median: $32.9M.

Financial HealthNeutral

Net debt: $25.8M ($268.3M cash, $294.1M debt). Gross margin at 59.2%.

GrowthPositive

Revenue growth at +24.5% YoY. Sector median: +1.6%.

ValuationPositive

P/S ratio of 2.66x vs sector median of 0.71x. Potentially undervalued.

Cannabis Industry Context

Cannabis Industry Overview

Ancillary cannabis companies — often described as the picks-and-shovels plays of the industry — provide products and services to the cannabis supply chain without directly touching the plant. This model carries meaningfully lower regulatory risk because ancillary businesses are not subject to the same licensing requirements, 280E tax penalties, or banking restrictions that encumber plant-touching operators. The ancillary segment spans a wide range of verticals including cultivation technology (LED lighting, HVAC, nutrients), extraction and processing equipment, packaging and compliance solutions, seed-to-sale tracking software, point-of-sale systems, and professional services such as legal, accounting, and consulting. As the cannabis industry matures, ancillary companies benefit from growing total addressable markets in every newly legalized jurisdiction. Many of these businesses also serve adjacent markets in agriculture, food processing, or enterprise software, which diversifies their revenue base and reduces dependence on cannabis-specific demand cycles. Investors often favor ancillary names for their comparatively cleaner financial profiles, conventional banking access, and eligibility for major exchange listings.

Turning Point Brands in the Ancillary Landscape

Turning Point Brands (TPB) currently ranks #2 out of 5 publicly traded ancillary companies by market capitalization, with a market cap of $1.35B. The company reports trailing-twelve-month revenue of $507.2M, placing it above the sector median of $339.2M. The ancillary sector comprises 5 tracked companies, reflecting the focused competitive landscape within this segment of the cannabis industry.

The top companies in the ancillary sector by market capitalization are Scotts Miracle-Gro (SMG) at $3.46B, Turning Point Brands (TPB) at $1.35B, and GrowGeneration (GRWG) at $87.8M. Turning Point Brands competes within this group for market share, investor attention, and operational scale as the sector continues to mature.

Key Metrics at a Glance

Market Cap$1.35BSector median: $87.8M
▲
Revenue (TTM)$507.2MSector median: $339.2M
▲
Gross Margin+59.16%Sector median: +31.75%
▲
P/S Ratio2.7xSector median: 0.8x
▲

Regulatory & Risk Considerations

All cannabis investors should be aware that federal legalization status in the United States remains uncertain. While cannabis is legal for medical use in the majority of US states and for adult use in a growing number of jurisdictions, it remains classified as a Schedule I controlled substance at the federal level. This creates material legal, financial, and operational risks across the industry. Ancillary companies like Turning Point Brands generally face lower direct regulatory risk because they do not handle the cannabis plant itself. This distinction allows ancillary businesses to access conventional banking services, list on major exchanges, and avoid the 280E tax penalty that burdens plant-touching operators. However, ancillary companies remain exposed to the overall health of the cannabis industry — a major regulatory setback or prolonged downturn in cannabis operator spending would flow through to ancillary revenue.

Some ancillary businesses that provide services closely tied to cannabis operations — such as compliance software, testing laboratories, or cultivation consulting — may face state-specific licensing or registration requirements. Companies serving both cannabis and non-cannabis markets benefit from revenue diversification that mitigates cannabis-specific regulatory risk, though investors should assess the degree to which each company's growth trajectory depends on continued cannabis market expansion.

Compare TPB With Peers

CompanyPriceChange %Mkt CapRevenueMarginP/S
TPB$67.11-0.34%$1.35B$507.2M59.2%2.66
SMG$59.66+0.51%$3.46B$3.48B31.8%0.99
GRWG$1.50+2.04%$87.8M$166.7M26.4%0.53
MAPS$0.30+0.14%$32.9M$171.2M—0.19
HYFM$0.82+4.56%$3.9M———

Related Ancillary Stocks

Frequently Asked Questions

What is Turning Point Brands's (TPB) stock price today?▼

Turning Point Brands (TPB) stock is currently trading at $67.11 per share on the NYSE exchange. This represents a daily decline of -0.34% ($0.23) from the previous closing price of $67.34. Over the past 52 weeks, TPB has traded between a low of $54.17 and a high of $146.90, placing the current price at approximately -54% from its annual high. The stock has a market capitalization of $1.35B, making it one of the larger cannabis-adjacent companies tracked by Cannabismarketcap. Turning Point Brands operates in the Ancillary sector, classified under "TOBACCO PRODUCTS", serving the broader cannabis industry.

What is Turning Point Brands's market capitalization?▼

Turning Point Brands (TPB) has a current market capitalization of $1.35B, calculated by multiplying its 20.0M shares outstanding by the current stock price of $67.11. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places Turning Point Brands among the large-cap cannabis companies tracked on Cannabismarketcap. For context, the enterprise value (market cap plus debt minus cash) stands at $1.38B, which accounts for the company's balance sheet structure. Investors often use market cap alongside revenue and profitability metrics to assess relative valuation within the cannabis sector.

Is Turning Point Brands profitable?▼

Turning Point Brands (TPB) currently reports a gross margin of 59.2%, which means the company retains 59.2 cents of every revenue dollar after direct costs of goods sold. On trailing twelve month revenue of $507.2M, this translates to an estimated gross profit of approximately $300.1M. Profitability is a critical factor in the cannabis industry, where many companies are still investing heavily in growth and regulatory compliance. Investors should review the full income statement, cash flow trends, and operating expense breakdown on Cannabismarketcap for a complete picture of Turning Point Brands's financial health.

What is Turning Point Brands's annual revenue?▼

Turning Point Brands (TPB) reports trailing twelve month (TTM) revenue of $507.2M, reflecting the total sales generated by the company over the most recent four quarters. Revenue has changed +24.49% year-over-year, indicating growth momentum relative to the prior period. The current price-to-sales ratio is 2.66x, which means investors are paying $2.66 for every $1 of annual revenue — a moderate valuation in the context of the cannabis sector. Revenue is one of the most closely watched metrics for cannabis companies, as many are still scaling operations in a rapidly evolving regulatory environment. View the full income statement and quarterly revenue breakdown on Cannabismarketcap for detailed trend analysis.

How many employees does Turning Point Brands have?▼

Turning Point Brands currently employs approximately 484 people across its operations. As an ancillary cannabis company headquartered in the United States, its workforce supports activities spanning tobacco products and related business functions. Based on trailing twelve month revenue of $507.2M, this equates to approximately $1.0M in revenue per employee, which is a useful efficiency metric for comparing operational productivity across cannabis companies. Employee count is an important indicator of a company's operational scale and its capacity for growth in an industry that remains highly labor-intensive due to regulatory requirements.

What exchange is TPB listed on?▼

Turning Point Brands trades under the ticker symbol TPB on the NYSE exchange, and the stock is denominated in US dollars (USD). Shares can typically be purchased through most standard brokerage accounts. The company has been publicly listed since 2016-05-11, giving it a track record in the public markets that investors can analyze for long-term trends. The stock sees average daily trading volume of approximately 270.2K shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.

What is Turning Point Brands's gross margin?▼

Turning Point Brands (TPB) has a gross margin of 59.2%, which represents the percentage of revenue the company retains after paying for the direct cost of goods sold. On trailing twelve month revenue of $507.2M, this translates to an estimated gross profit of approximately $300.1M. Gross margin is a critical profitability indicator in the cannabis industry, where companies face unique cost pressures from regulatory compliance, testing requirements, and the tax burden of IRC Section 280E (which prevents cannabis companies from deducting standard business expenses). A strong gross margin like Turning Point Brands's suggests the company has pricing power and operational efficiency relative to peers.

What is TPB's 52-week trading range?▼

Turning Point Brands (TPB) has traded between a 52-week low of $54.17 and a 52-week high of $146.90, with the current price of $67.11 sitting approximately -54% from the annual high. This range represents a spread of $92.73 (171% from low to high), which reflects the volatility the stock has experienced over the past year. The 52-week range is a commonly used technical indicator that helps investors understand whether a stock is trading near the top or bottom of its recent range, and it can inform decisions about entry and exit points. Cannabis stocks in general tend to exhibit higher volatility than broader market indices due to evolving regulations and market sentiment.

What is Turning Point Brands's cash position and debt level?▼

Turning Point Brands (TPB) holds $268.3M in cash and equivalents on its balance sheet, set against $294.1M in total debt. This gives the company a net debt position of $25.8M. Balance sheet strength is especially important in the cannabis industry, where companies often face limited access to traditional banking and capital markets. Investors should track these metrics over time on Cannabismarketcap to identify trends in cash consumption and debt management.

How many shares outstanding does Turning Point Brands have?▼

Turning Point Brands (TPB) currently has 20.0M shares outstanding, which when multiplied by the current stock price of $67.11 gives the company its market capitalization of $1.35B. Share count is important because all per-share metrics (earnings per share, book value per share, etc.) are directly impacted by changes in shares outstanding. Cannabis companies frequently issue new shares to raise capital, so monitoring dilution trends on Cannabismarketcap is recommended for long-term investors.

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