Turning Point Brands
Markets Zig-Zag smoking accessories and Stoker's oral tobacco and nicotine products.
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Profile
Sells branded adult-consumer products through Zig-Zag smoking accessories and Stoker's oral tobacco and nicotine lines, with FRE and ALP extending the portfolio into modern oral nicotine. Continuing operations are concentrated in North America and shaped by wholesale distribution, outsourced production, and tobacco and nicotine regulation.
Markets and distributes Zig-Zag rolling papers, cones, wraps, tubes, lighters, finished cigars, and related accessories while manufacturing and marketing Stoker's moist snuff and loose-leaf chewing tobacco. FRE and ALP add modern oral nicotine pouch products inside the current portfolio.
Operations are concentrated in the United States and Canada through wholesale distributors, secondary wholesalers, retail outlets, and brand websites. Legacy Zig-Zag and Stoker's cash flows fund product support, distribution infrastructure, acquisitions, and investment in modern oral lines.
The portfolio now has two continuing reportable segments after the former Creative Distribution Solutions business was contributed to a joint venture and moved to discontinued operations. Demand is tied to adult-consumer tobacco and nicotine categories, FDA authorization pathways, and outsourced supply relationships.
Company facts
Categories
Key statistics
Year to date −23.9% · Average volume (30d) 341.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Compass Point | Target | $103 | $116 | ||
| Jul 23, 2026 | Industrial Alliance Securities | Target | $130 | $115 | ||
| Jul 21, 2026 | BTIG | Initiate | Buy | |||
| Jul 21, 2026 | Compass Point | Target | $103 | |||
| May 8, 2026 | Needham | Upgrade | Hold | Buy | $125 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.12 | $0.18 | +55.2% | $129.6M | $143.0M | +10.3% | +2.56% |
| May 7, 2026Q1 FY26 | $0.60 | $0.60 | 0.0% | $115.7M | $124.3M | +7.4% | +3.55% |
| Mar 2, 2026Q4 FY25 | $0.87 | $0.42 | −51.7% | $120.4M | $121.0M | +0.5% | −0.87% |
| Nov 5, 2025Q3 FY25 | $0.81 | $1.05 | +29.6% | $120.4M | $119.0M | −1.2% | −0.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $106.4M | $116.6M | $119.0M | $121.0M | $124.3M | $143.0M | |
| Gross profit | $59.6M | $66.6M | $70.4M | $67.7M | $68.3M | $93.7M | |
| Operating income | $23.2M | $26.3M | $25.9M | $19.9M | $12.9M | $16.7M | |
| Net income | $14.4M | $14.5M | $21.1M | $8.2M | $11.7M | $3.6M | |
| Diluted EPS | $0.79 | $0.79 | $1.13 | $0.42 | $0.60 | $0.18 | |
| Gross margin | 56.0% | 57.1% | 59.2% | 55.9% | 55.0% | 65.5% | |
| Operating margin | 21.8% | 22.6% | 21.8% | 16.5% | 10.4% | 11.7% |
Fiscal years (4-quarter sums)FY21 $445.5M · FY22 $415.0M · FY23 $402.0M · FY24 $360.7M · FY25 $463.1M
Balance sheet, Jun 30, 2026Cash & short-term investments $268.3M · Total debt $310.7M · Total assets $855.2M · Shareholders' equity $430.1M
Dividends
Raised for 7 straight years — most recently to $0.08 from $0.075 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 18, 2026 | Jun 19 | Jul 10 | $0.08 | |
| Mar 20, 2026 | Mar 20 | Apr 10 | $0.08 | raised from $0.075 |
| Dec 19, 2025 | Dec 19 | Jan 9 | $0.075 | |
| Sep 19, 2025 | Sep 19 | Oct 10 | $0.075 | |
| Jun 20, 2025 | Jun 20 | Jul 11 | $0.075 | |
| Mar 21, 2025 | Mar 21 | Apr 11 | $0.075 | raised from $0.07 |
| Dec 20, 2024 | Dec 20 | Jan 10 | $0.07 | |
| Sep 13, 2024 | Sep 13 | Oct 4 | $0.07 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 19.37M · Float 18.15M · 93.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.62M | 8.36% | 13F | Aug 7, 2026 |
| Divisadero Street Capital Management, LP | 1.27M | 6.53% | 13F | Aug 14, 2026 |
| Thrivent Financial for Lutherans | 1.23M | 6.37% | 13F | Aug 14, 2026 |
| First Trust Portfolios L.P. | 1.05M | 5.42% | 13G | Jul 30, 2026 |
| First Trust Advisors LP | 975.4K | 5.04% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Brian Wigginton | officer: Sr VP Finance & CAO | −4,000 | $91.67 |
| Mar 4, 2026 | Andrew Flynn | officer: Chief Financial Officer | −2,000 | $97.57 |
| Dec 19, 2025 | David Edward Glazek | director, officer: Executive Chairman | −30,000 | $110.26 |
| Dec 15, 2025 | H.C. Charles Diao | director | −2,000 | $108.20 |
| Nov 21, 2025 | Gregory H.A. Baxter | director | −1,500 | $98.23 |
Peers
- Altria Group
U.S. oral tobacco, nicotine pouch, and cigar rival
- Philip Morris International
ZYN-led modern oral scale pressures FRE and ALP
- British American Tobacco (ADR)
VELO, Grizzly, and Kodiak pressure oral nicotine shelves
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Turning Point Brands | $83.93 | +0.04% | $1.63B | 36.0 | 77.1 | 3.2 | +22.6% |
| Altria Group | $68.70 | +0.09% | $114.63B | 14.5 | 11.9 | 5.2 | +1.3% |
| Philip Morris International | $191.85 | −0.01% | $299.08B | 27.6 | 22.0 | 7.0 | +10.4% |
| British American Tobacco (ADR) | $56.13 | +0.02% | $121.07B | 13.9 | — | 3.5 | −0.1% |
| Median | 14.5 | 17.0 | 5.2 | +1.3% |