BTI vs TPB Stock Comparison

British American Tobacco p.l.c and Turning Point Brands Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

5 decided of 12

British American Tobacco p.l.c leads on 5 of the 12 questions below (British American Tobacco p.l.c 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTITPBLeader
Larger companyMarket capitalisation $131.57B $1.29B BTI
Cheaper on earningsLower P/E, profitable companies only — 29.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x 54.7x BTI
Faster revenue growthRevenue growth, trailing twelve months — +24.5% –
More profitableNet margin, trailing twelve months — 8.8% –
Better return on capitalReturn on invested capital — 9.1% –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +14.7% -27.1% BTI
Better 5-year returnAnnualised price return, 5 years +10.5%/yr +6.2%/yr BTI
Less volatileAnnualised volatility, 1 year 26.0% 56.5% BTI
Higher overall scoreMean of the five percentile scores vs peers — 53/100 –

Percentile Scorecard

BTITPB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBTITPB
Valuation – 32 #26 of 38
Growth – 50 #18 of 35
Profitability – 89 #5 of 36
Financial Health 24 #30 of 39 79 #9 of 39
Shareholder Returns – 17 #11 of 13
Overall – 53
  • BTI ranked among 40 companies in Tobacco and Cannabis
  • TPB ranked among 40 companies in Tobacco and Cannabis

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBTITPBSPY
1 month +6.5%+6.0% -1.0%
3 months -2.4%-16.0% +2.9%
6 months +2.4%-18.2% +6.4%
Year to date +5.1%-40.9% +11.4%
1 year +14.7%-27.1% +13.1%
3 years +100.1%+198.5% +79.4%
3 years, per year +26.0%+44.0% +21.5%
5 years +64.5%+34.8% +67.7%
5 years, per year +10.5%+6.2% +10.9%
10 years +5.0%+380.6% +255.2%
10 years, per year +0.5%+17.0% +13.5%

Risk

MeasureBTITPBSPY
Volatility, 1Y 26.0%56.5% 12.7%
Downside volatility, 1Y 24.8%66.0% 12.7%
Beta vs S&P 500, 1Y 0.130.60 1.00
Return / volatility, 1Y 0.57-0.48 1.03
Max drawdown, 5Y -39.8%-61.4% -25.4%
From 52-week high -10.8%-55.2% -2.5%
52-week high $66.70$142.98 $779.14
52-week low $51.19$55.23 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBTITPB
P/E now vs peer median —median 16.7x 28.6xmedian 16.7x
P/S now vs peer median —median 0.9x 2.5xmedian 0.9x
EV/EBITDA now vs peer median —median 12.2x —median 12.2x
P/FCF now vs peer median —median 22.9x 65.4xmedian 22.9x
P/B now vs peer median 2.2xmedian 1.0x 2.8xmedian 1.0x
PEG now vs peer median —median 0.55 0.55median 0.55

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBTITPB
Revenue – $507.23M
Gross profit – $300.08M
Operating income – $75.01M
Net income – $59.64M
Free cash flow – $19.63M
EPS (diluted) – $2.21
Cash & equivalents $3.34B $270.20M
Total debt $198.75B $1.18B
Shares (diluted) 2.20B 20.16M
Enterprise value $107.94B $400.16M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBTITPB
P/E – 28.6x
P/FCF – 65.4x
P/Operating cash flow – 39.8x
P/S – 2.5x
P/B 2.2x 2.8x
P/Tangible book 2.2x 3.3x
EV/EBITDA – –
EV/EBIT – 17.4x
EV/Revenue – 2.6x
EV/FCF – 66.6x
EV/Operating cash flow – 40.6x
PEG (3Y EPS CAGR) – 0.55

Growth

14 metrics
MetricBTITPB
Revenue growth (1Y) – 24.5%
Revenue CAGR (3Y) – 11.1%
Gross profit growth (1Y) – 31.0%
Gross profit CAGR (3Y) – 16.3%
Operating income growth (1Y) – -15.0%
Operating income CAGR (3Y) – 0.3%
Net income growth (1Y) – 23.8%
Net income CAGR (3Y) – 69.6%
EPS growth (1Y) – -7.6%
EPS CAGR (3Y) – 52.4%
Operating cash flow growth (1Y) – -46.5%
Operating cash flow CAGR (3Y) – -14.0%
Free cash flow growth (1Y) – -62.4%
Free cash flow CAGR (3Y) – -24.4%

Profitability

14 metrics
MetricBTITPB
Gross margin – 59.2%
EBITDA margin – –
Operating margin – 14.8%
Pretax margin – 13.6%
Net margin – 8.8%
FCF margin – 3.9%
Operating cash flow margin – 6.4%
Return on equity – 14.2%
Return on assets – 7.3%
Return on invested capital – 9.1%
Return on capital employed – 10.3%
Asset turnover – 0.6x
Cash conversion (OCF / net income) – 0.5x
Stock comp / revenue – 1.8%

Financial Health

11 metrics
MetricBTITPB
Debt / assets 32.3% 34.4%
Debt / equity 0.8x 0.6x
Net debt / EBITDA – –
Debt / FCF – 15.0x
Liabilities / assets 57.1% 46.9%
Equity / assets 42.9% 53.1%
Interest coverage – 2.7x
Current ratio 0.8x 5.7x
Quick ratio 0.5x 3.5x
Cash ratio 0.2x 3.1x
Altman Z-score – 3.73

Shareholder Returns

7 metrics
MetricBTITPB
Dividend yield 5.4% 0.5%
Net buyback yield – -12.5%
Shareholder yield 5.4% -12.0%
Payout ratio (earnings) – 10.2%
Payout ratio (FCF) – 30.9%
Dividend growth (1Y) – 15.9%
Dividend CAGR (3Y) – 11.9%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBTITPB
Forward P/E 13.0xFY2026 54.7xFY2026
EPS, next fiscal year $4.57FY2026 $1.17FY2026
EPS growth, next FY -5.0%FY2026 -62.4%FY2026
EPS growth, the year after +18.2% +59.0%
Revenue, next fiscal year $32.96BFY2026 $597.82MFY2026
Revenue growth, next FY -8.6%FY2026 +29.1%FY2026
Revenue growth, the year after +12.8% +4.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTITPB
Held by institutions 15.0% 99.9%
Institutions holding 906 231
Change in shares held, QoQ +2.7% +8.1%
Institutions buying 488 138
Institutions selling 264 66
Buyers to sellers 1.85 2.09

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BTITPB
BTI 1.00 0.29
TPB 0.29 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BTI and TPB?

British American Tobacco p.l.c (BTI) is the largest by market capitalisation: British American Tobacco p.l.c (BTI) $131.57B, Turning Point Brands (TPB) $1.29B.

Which stock has performed better?

Over the past year British American Tobacco p.l.c (BTI) returned the most: British American Tobacco p.l.c (BTI) +14.7%, Turning Point Brands (TPB) -27.1%. Over five years, British American Tobacco p.l.c (BTI) compounded fastest (British American Tobacco p.l.c (BTI) +10.5%/yr, Turning Point Brands (TPB) +6.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: British American Tobacco p.l.c (BTI) 0.00%, Turning Point Brands (TPB) 0.00%. British American Tobacco p.l.c (BTI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, British American Tobacco p.l.c (BTI) has been the steadiest (British American Tobacco p.l.c (BTI) 26.0%, Turning Point Brands (TPB) 56.5%). Volatility measures how widely the price swings, not the risk of the business.

Do BTI and TPB move together?

Their daily returns over the past year have a correlation of 0.29, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BTI and TPB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, British American Tobacco p.l.c (BTI) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.