Turning Point Brands, Inc.

TPBNYSEConsumer Defensive● Active

$86.17

$-0.39(-0.44%)

Market Cap$1.7B

P/E Ratio—

52W High$146.9

52W Low$65.8

Avg Volume482K

Open$86.96

Beta0.92

Free Cash Flow Financials Revenue

Turning Point Brands, Inc. (TPB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TPB · free cash flow · updated Jun 8, 2026

Core FCF metrics

TPB · FCF · TTM · margin & CAGR

Free cash flow was $43.8M for FY2025 (fiscal year ending 2025-12-31), down 29.8% year-over-year The FCF margin was 9.5%. Five-year CAGR stands at +3.1%.

FY2025 Free Cash Flow$43.8M▼ -29.8% YoY

Trailing 12M (TTM)$4.0Mtrailing 4 quarters sum

FCF Margin9.5%$43.8M ÷ revenue

3-Year CAGR+24.7%FY2022 → FY2025

5-Year CAGR+3.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TPB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$57.4M(14M)$43.8M▼ 29.8%9.5%

FY2024$67.1M(5M)$62.4M▲ +2.1%17.3%

FY2023$66.9M(6M)$61.2M▲ +170.8%18.8%

FY2022$30.3M(8M)$22.6M▼ 63.6%7.0%

FY2021$68.2M(6M)$62.1M▲ +65.3%13.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TPB · P/FCF · FCF yield · FCF per share

Turning Point Brands, Inc. (TPB) trades at a FCF yield of 0.24% and a price-to-free-cash-flow ratio of 391.7x. FCF per share stands at $0.22, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.24%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.22

TTM FCF ÷ Shares Outstanding

Price / FCF

x391.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x445.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TPB · cash flow statement · operating / investing / financing

For FY2025, Turning Point Brands, Inc. generated $57.4M in operating cash flow and spent 14M in capital expenditures, yielding $43.8M in free cash flow.

Operating Activities

+$57.4M

Cash from core business operations

2025-12-31

Investing Activities

−$31.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$148.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($57.4M) − |CapEx| (14M) = FCF ($43.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

TPB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Turning Point Brands, Inc.YOU

TPB

$43.8M-29.8%9.5%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Turning Point Brands, Inc. (TPB) reported free cash flow of $43.8M for FY2025 (fiscal year ending 2025-12-31), down 29.8% year-over-year. The FCF margin was 9.5%.

Based on available data, Turning Point Brands, Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $62.4M in FY2024. The 5-year CAGR stands at +3.1%.

Turning Point Brands, Inc.'s FCF yield is 0.24% and price-to-FCF ratio is 391.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TPB free cash flow · 8 questions

Turning Point Brands, Inc. free cash flow was $43.8M for FY2025, down 29.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.0M.

TPB free cash flowTPB FCFTPB FCF 2025TPB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Turning Point Brands, Inc. · Turning Point Brands, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026