Turning Point Brands (TPB) Gross Margin
Turning Point Brands (TPB) currently has a gross margin of 57.1%. Margins are stable over recent quarters. The company is a Ancillary cannabis company trading on the NYSE.
Current Gross Margin
57.1%
Margin Trend
Stable
Latest Quarter Margin
55.9%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2025 Q4 | $121.0M | $53.4M | $67.7M | 55.9% |
| FY2025 Q3 | $119.0M | $48.6M | $70.4M | 59.2% |
| FY2025 Q2 | $116.6M | $50.0M | $66.6M | 57.1% |
| FY2025 Q1 | $106.4M | $46.8M | $59.6M | 56.0% |
| FY2024 Q4 | $93.7M | $41.2M | $52.4M | 56.0% |
| FY2024 Q3 | $90.7M | $51.9M | $50.4M | 55.6% |
| FY2024 Q2 | $93.2M | $54.7M | $50.4M | 54.1% |
| FY2024 Q1 | $83.1M | $45.1M | $48.4M | 58.2% |
Frequently Asked Questions
What is TPB's current gross margin?+
Gross margin for Turning Point Brands is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. Turning Point Brands's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do TPB's margins change quarter to quarter?+
Gross margin fluctuations for Turning Point Brands can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.