TPB vs BLSH vs BTI Stock Comparison

Turning Point Brands, Bullish and British American Tobacco p.l.c Prices as of Oct 26, 2026 Peers: Industry group
BLSH Bullish
$27.63 -26.5% 1M -49.0% 1Y
Market cap
$3.60B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
1 win

Head to Head

9 decided of 12

British American Tobacco p.l.c leads on 4 of the 12 questions below (British American Tobacco p.l.c 4, Turning Point Brands 4, Bullish 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTPBBLSHBTILeader
Larger companyMarket capitalisation $1.28B $3.60B $130.19B BTI
Cheaper on earningsLower P/E, profitable companies only 28.8x -2.6x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 55.8x 65.8x 13.2x BTI
Faster revenue growthRevenue growth, trailing twelve months +24.5% -26.5% — TPB
More profitableNet margin, trailing twelve months 8.8% -0.7% — TPB
Better return on capitalReturn on invested capital 9.1% -4.8% — TPB
Less leveragedLower net debt / EBITDA — 2.6x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -28.4% -49.0% +15.5% BTI
Better 5-year returnAnnualised price return, 5 years +11.6%/yr — +10.9%/yr TPB
Less volatileAnnualised volatility, 1 year 56.5% 73.1% 26.0% BTI
Higher overall scoreMean of the five percentile scores vs peers 53/100 63/100 — BLSH

Percentile Scorecard

TPBBLSHBTI

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

AxisTPBBLSHBTI
Valuation 32 #26 of 38 77 #24 of 99 –
Growth 50 #18 of 35 33 #63 of 94 –
Profitability 89 #5 of 36 48 #47 of 90 –
Financial Health 79 #9 of 39 95 #6 of 105 24 #30 of 39
Shareholder Returns 17 #11 of 13 – –
Overall 53 63 –
  • TPB ranked among 40 companies in Tobacco and Cannabis
  • BLSH ranked among 109 companies in Fintech
  • BTI 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

PeriodTPBBLSHBTISPY
1 month +5.3%-26.5%+8.1% -0.8%
3 months -17.0%+21.2%-1.2% +3.5%
6 months -18.2%-29.0%+4.9% +7.0%
Year to date -39.8%-27.0%+6.2% +12.2%
1 year -28.4%-49.0%+15.5% +13.0%
3 years +229.2%—+107.5% +86.3%
3 years, per year +48.8%—+27.6% +23.1%
5 years +72.8%—+67.9% +68.6%
5 years, per year +11.6%—+10.9% +11.0%
10 years +423.7%—+7.8% +258.0%
10 years, per year +18.0%—+0.7% +13.6%

Risk

MeasureTPBBLSHBTISPY
Volatility, 1Y 56.5%73.1%26.0% 12.7%
Downside volatility, 1Y 66.2%70.7%24.8% 12.7%
Beta vs S&P 500, 1Y 0.612.720.13 1.00
Return / volatility, 1Y -0.50-0.670.59 1.02
Max drawdown, 5Y -61.4%-70.8%-39.8% -25.4%
From 52-week high -54.3%-50.9%-9.9% -1.8%
52-week high $142.98$56.31$66.70 $779.14
52-week low $55.23$21.79$51.19 $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.

MultipleTPBBLSHBTI
P/E now vs peer median 29.2xmedian 16.5x -2.5xmedian 20.6x —median 16.5x
P/S now vs peer median 2.6xmedian 0.9x 0.0xmedian 2.3x —median 0.9x
EV/EBITDA now vs peer median —median 12.3x -32.6xmedian 15.4x —median 12.3x
P/FCF now vs peer median 66.7xmedian 23.1x 36.6xmedian 16.4x —median 23.1x
P/B now vs peer median 2.9xmedian 1.0x 1.7xmedian 1.9x 2.3xmedian 1.0x
PEG now vs peer median 0.56median 0.56 —median 1.05 —median 0.56

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 monthsTPBBLSHBTI
Revenue $507.23M $190.34B –
Gross profit $300.08M $71.94M –
Operating income $75.01M -$124.59M –
Net income $59.64M -$1.43B –
Free cash flow $19.63M $113.88M –
EPS (diluted) $2.21 $-10.84 –
Cash & equivalents $270.20M $86.61M $3.34B
Total debt $1.18B $11.00K $198.75B
Shares (diluted) 20.16M 127.72M 2.20B
Enterprise value $390.52M -$1.22B $106.56B

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
MetricTPBBLSHBTI
P/E 29.2x -2.5x –
P/FCF 66.7x 36.6x –
P/Operating cash flow 40.6x 33.9x –
P/S 2.6x 0.0x –
P/B 2.9x 1.7x 2.3x
P/Tangible book 3.4x 1.7x 2.3x
EV/EBITDA – -32.6x –
EV/EBIT 17.8x -30.9x –
EV/Revenue 2.6x 0.0x –
EV/FCF 67.9x 33.8x –
EV/Operating cash flow 41.4x 31.3x –
PEG (3Y EPS CAGR) 0.56 – –

Growth

14 metrics
MetricTPBBLSHBTI
Revenue growth (1Y) 24.5% -26.5% –
Revenue CAGR (3Y) 11.1% – –
Gross profit growth (1Y) 31.0% -17.9% –
Gross profit CAGR (3Y) 16.3% – –
Operating income growth (1Y) -15.0% -57.2% –
Operating income CAGR (3Y) 0.3% – –
Net income growth (1Y) 23.8% -858.6% –
Net income CAGR (3Y) 69.6% – –
EPS growth (1Y) -7.6% -755.9% –
EPS CAGR (3Y) 52.4% – –
Operating cash flow growth (1Y) -46.5% 190.7% –
Operating cash flow CAGR (3Y) -14.0% – –
Free cash flow growth (1Y) -62.4% 171.4% –
Free cash flow CAGR (3Y) -24.4% – –

Profitability

14 metrics
MetricTPBBLSHBTI
Gross margin 59.2% 0.0% –
EBITDA margin – -0.1% –
Operating margin 14.8% -0.1% –
Pretax margin 13.6% -0.8% –
Net margin 8.8% -0.7% –
FCF margin 3.9% 0.1% –
Operating cash flow margin 6.4% 0.1% –
Return on equity 14.2% -55.4% –
Return on assets 7.3% -44.5% –
Return on invested capital 9.1% -4.8% –
Return on capital employed 10.3% -4.0% –
Asset turnover 0.6x 59.3x –
Cash conversion (OCF / net income) 0.5x -0.1x –
Stock comp / revenue 1.8% 0.0% –

Financial Health

11 metrics
MetricTPBBLSHBTI
Debt / assets 34.4% 0.0% 32.3%
Debt / equity 0.6x 0.0x 0.8x
Net debt / EBITDA – 2.6x –
Debt / FCF 15.0x 0.0x –
Liabilities / assets 46.9% 20.6% 57.1%
Equity / assets 53.1% 79.4% 42.9%
Interest coverage 2.7x -2.2x –
Current ratio 5.7x 23.5x 0.8x
Quick ratio 3.5x 2.5x 0.5x
Cash ratio 3.1x 2.5x 0.2x
Altman Z-score 3.77 64.94 –

Shareholder Returns

7 metrics
MetricTPBBLSHBTI
Dividend yield 0.5% – 5.4%
Net buyback yield -12.2% – –
Shareholder yield -11.7% – 5.4%
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.

ConsensusTPBBLSHBTI
Forward P/E 55.8xFY2026 65.8xFY2026 13.2xFY2026
EPS, next fiscal year $1.17FY2026 $0.42FY2026 $4.57FY2026
EPS growth, next FY -62.4%FY2026 +40.0%FY2026 -5.0%FY2026
EPS growth, the year after +59.0% +95.2% +18.2%
Revenue, next fiscal year $597.82MFY2026 $364.64MFY2026 $32.96BFY2026
Revenue growth, next FY +29.1%FY2026 +26.4%FY2026 -8.6%FY2026
Revenue growth, the year after +4.7% +5.7% +12.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTPBBLSHBTI
Held by institutions 99.9% 32.8% 15.0%
Institutions holding 231 175 906
Change in shares held, QoQ +8.1% +7.8% +2.7%
Institutions buying 138 87 488
Institutions selling 66 70 264
Buyers to sellers 2.09 1.24 1.85

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.

TPBBLSHBTI
TPB 1.00 -0.05 0.30
BLSH -0.05 1.00 0.05
BTI 0.30 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TPB, BLSH and BTI?

British American Tobacco p.l.c (BTI) is the largest by market capitalisation: Turning Point Brands (TPB) $1.28B, Bullish (BLSH) $3.60B, British American Tobacco p.l.c (BTI) $130.19B.

Which company is growing faster?

Turning Point Brands (TPB) grew revenue fastest over the trailing twelve months: Turning Point Brands (TPB) +24.5%, Bullish (BLSH) -26.5%.

Which company is more profitable?

Turning Point Brands (TPB) has the highest net margin (Turning Point Brands (TPB) 8.8%, Bullish (BLSH) -0.7%). On return on invested capital, Turning Point Brands (TPB) leads (Turning Point Brands (TPB) 9.1%, Bullish (BLSH) -4.8%).

Which stock has performed better?

Over the past year British American Tobacco p.l.c (BTI) returned the most: Turning Point Brands (TPB) -28.4%, Bullish (BLSH) -49.0%, British American Tobacco p.l.c (BTI) +15.5%. Over five years, Turning Point Brands (TPB) compounded fastest (Turning Point Brands (TPB) +11.6%/yr, British American Tobacco p.l.c (BTI) +10.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Turning Point Brands (TPB) 0.00%, Bullish (BLSH) 0.00%, British American Tobacco p.l.c (BTI) 0.00%. Bullish (BLSH) and 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 (Turning Point Brands (TPB) 56.5%, Bullish (BLSH) 73.1%, British American Tobacco p.l.c (BTI) 26.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TPB, BLSH and BTI?

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 4. 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.