Turning Point Brands Inc
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products in the United States and Canada. The company operates through two segments, Zig-Zag Products and Stoker's Products. Its Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as light… Read more
Turning Point Brands Inc (TPB) - Net Assets
Latest net assets as of December 2025: $371.98 Million USD
Based on the latest financial reports, Turning Point Brands Inc (TPB) has net assets worth $371.98 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($763.75 Million) and total liabilities ($391.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $371.98 Million |
| % of Total Assets | 48.7% |
| Annual Growth Rate | N/A |
| 5-Year Change | 178.19% |
| 10-Year Change | 992.2% |
| Growth Volatility | 30.21 |
Turning Point Brands Inc - Net Assets Trend (2004–2025)
This chart illustrates how Turning Point Brands Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Turning Point Brands Inc (2004–2025)
The table below shows the annual net assets of Turning Point Brands Inc from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $371.98 Million | +95.39% |
| 2024-12-31 | $190.38 Million | +25.25% |
| 2023-12-31 | $152.01 Million | +34.07% |
| 2022-12-31 | $113.38 Million | -15.21% |
| 2021-12-31 | $133.72 Million | +13.81% |
| 2020-12-31 | $117.49 Million | +10.23% |
| 2019-12-31 | $106.58 Million | +29.00% |
| 2018-12-31 | $82.62 Million | +54.95% |
| 2017-12-31 | $53.32 Million | +56.57% |
| 2016-12-31 | $34.06 Million | +141.73% |
| 2015-12-31 | $-81.61 Million | +10.88% |
| 2014-12-31 | $-91.57 Million | -44.36% |
| 2013-12-31 | $-63.43 Million | +3.15% |
| 2012-12-31 | $-65.50 Million | +8.52% |
| 2011-12-31 | $-71.60 Million | +6.41% |
| 2010-12-31 | $-76.50 Million | +13.56% |
| 2006-12-31 | $-88.50 Million | -15.08% |
| 2005-12-31 | $-76.90 Million | +11.10% |
| 2004-12-31 | $-86.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turning Point Brands Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 29006100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $199.66 Million | 56.35% |
| Common Stock | $216.00K | 0.06% |
| Other Comprehensive Income | $-1.56 Million | -0.44% |
| Other Components | $155.99 Million | 44.03% |
| Total Equity | $354.30 Million | 100.00% |
Turning Point Brands Inc Competitors by Market Cap
The table below lists competitors of Turning Point Brands Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mednax Inc
NYSE:MD
|
$1.63 Billion |
|
Hunan Zhongke Electric
SHE:300035
|
$1.63 Billion |
|
Manappuram Finance Limited
NSE:MANAPPURAM
|
$1.63 Billion |
|
Calumet Specialty Products Partners
NASDAQ:CLMT
|
$1.63 Billion |
|
Inter Parfums Inc
NASDAQ:IPAR
|
$1.63 Billion |
|
Viet Nam International Commercial Joint Stock Bank
VN:VIB
|
$1.63 Billion |
|
Vericel Corp Ord
NASDAQ:VCEL
|
$1.63 Billion |
|
Energean plc
PINK:EERGF
|
$1.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turning Point Brands Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 187,981,000 to 354,304,000, a change of 166,323,000 (88.5%).
- Net income of 58,165,000 contributed positively to equity growth.
- Dividend payments of 5,519,000 reduced retained earnings.
- Share repurchases of 33,000 reduced equity.
- New share issuances of 97,499,000 increased equity.
- Other comprehensive income increased equity by 1,340,000.
- Other factors increased equity by 14,871,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $58.16 Million | +16.42% |
| Dividends Paid | $5.52 Million | -1.56% |
| Share Repurchases | $33.00K | -0.01% |
| Share Issuances | $97.50 Million | +27.52% |
| Other Comprehensive Income | $1.34 Million | +0.38% |
| Other Changes | $14.87 Million | +4.2% |
| Total Change | $- | 88.48% |
Book Value vs Market Value Analysis
This analysis compares Turning Point Brands Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.90x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $-132.06 | $92.67 | x |
| 2005-12-31 | $-130.34 | $92.67 | x |
| 2006-12-31 | $-4.81 | $92.67 | x |
| 2010-12-31 | $-4.18 | $92.67 | x |
| 2011-12-31 | $-3.91 | $92.67 | x |
| 2012-12-31 | $-3.58 | $92.67 | x |
| 2013-12-31 | $-3.80 | $92.67 | x |
| 2014-12-31 | $-5.48 | $92.67 | x |
| 2015-12-31 | $-4.89 | $92.67 | x |
| 2016-12-31 | $1.89 | $92.67 | x |
| 2017-12-31 | $2.73 | $92.67 | x |
| 2018-12-31 | $4.17 | $92.67 | x |
| 2019-12-31 | $5.32 | $92.67 | x |
| 2020-12-31 | $5.75 | $92.67 | x |
| 2021-12-31 | $5.87 | $92.67 | x |
| 2022-12-31 | $6.18 | $92.67 | x |
| 2023-12-31 | $7.38 | $92.67 | x |
| 2024-12-31 | $9.71 | $92.67 | x |
| 2025-12-31 | $18.92 | $92.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turning Point Brands Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.56%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.16x
- Recent ROE (16.42%) is above the historical average (16.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | -30.27% | 0.50x | 0.00x | $-26.25 Million |
| 2005 | 0.00% | 8.64% | 0.52x | 0.00x | $17.79 Million |
| 2006 | 0.00% | -10.20% | 0.53x | 0.00x | $-3.15 Million |
| 2010 | 0.00% | 9.34% | 0.75x | 0.00x | $23.95 Million |
| 2011 | 0.00% | 4.46% | 0.72x | 0.00x | $15.56 Million |
| 2012 | 0.00% | 0.21% | 0.70x | 0.00x | $6.95 Million |
| 2013 | 0.00% | -0.83% | 0.66x | 0.00x | $4.73 Million |
| 2014 | 0.00% | -14.68% | 0.80x | 0.00x | $-20.25 Million |
| 2015 | 0.00% | 8.46% | 0.79x | 0.00x | $24.84 Million |
| 2016 | 79.02% | 13.05% | 0.72x | 8.37x | $23.51 Million |
| 2017 | 37.90% | 7.07% | 1.01x | 5.29x | $14.88 Million |
| 2018 | 30.61% | 7.60% | 0.98x | 4.11x | $17.03 Million |
| 2019 | 15.23% | 4.48% | 0.81x | 4.19x | $5.57 Million |
| 2020 | 33.67% | 9.43% | 0.82x | 4.37x | $26.85 Million |
| 2021 | 39.62% | 11.69% | 0.74x | 4.58x | $38.92 Million |
| 2022 | 10.43% | 3.62% | 0.56x | 5.12x | $476.50K |
| 2023 | 25.48% | 11.83% | 0.57x | 3.77x | $23.36 Million |
| 2024 | 21.18% | 11.04% | 0.73x | 2.62x | $21.01 Million |
| 2025 | 16.42% | 12.56% | 0.61x | 2.16x | $22.73 Million |
Industry Comparison
This section compares Turning Point Brands Inc's net assets metrics with peer companies in the Tobacco industry.
Industry Context
- Industry: Tobacco
- Average net assets among peers: $2,462,665,124,426
- Average return on equity (ROE) among peers: 12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turning Point Brands Inc (TPB) | $371.98 Million | 0.00% | 1.05x | $1.63 Billion |
| American Cannabis Company Inc (AMMJ) | $2.00 Million | -35.50% | 0.52x | $92.90K |
| British American Tobacco p.l.c. (BTI) | $75.71 Billion | 8.80% | 1.03x | $123.65 Billion |
| 1606 Corp. (CBDW) | $-595.05K | 0.00% | 0.00x | $850.32K |
| Charlie's Holdings Inc. (CHUC) | $-1.78 Million | 0.00% | 0.00x | $6.72 Million |
| Cartel Blue Inc (CRTL) | $877.30K | -2.10% | 0.04x | $194.76 |
| Eco-Growth Strategies Inc (ECGS) | $-8.24 Million | 0.00% | 0.00x | $1.13K |
| PT Gudang Garam Tbk (GDNGY) | $24.55 Trillion | 20.20% | 0.59x | $1.07 Billion |
| Globrands Ltd (GLBGF) | $55.62 Million | 130.79% | 3.84x | $53.17 Million |
| Greenlane Holdings Inc (GNLN) | $-11.06 Million | 0.00% | 0.00x | $946.10K |
| Gold Flora Corp (GRAMW) | $-23.58 Million | 0.00% | 0.00x | $287.49K |