Turning Point Brands (TPB) Debt Ratio (2015 - 2026)
Turning Point Brands' Debt Ratio was 0.34 in Q2 2026, down 30.1% from 0.49 a year earlier and down 9.6% from the prior quarter.
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Analysis
Turning Point Brands (TPB) Debt Ratio (2015 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Turning Point Brands came in at 0.38, down 23.7% from FY2024.
- Debt Ratio has now declined for three consecutive years.
- In earlier years, Debt Ratio was 0.50 in FY2024 (-21.5%), 0.64 in FY2023 (-9.7%), 0.71 in FY2022 (+3.3%) and 0.69 in FY2021 (+8.7%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio in data going back to Q4 2015.
- Compared with a year earlier, Debt Ratio has declined for 13 straight quarters, with an average decline of 23.1% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2021 (growth of 9.4%); the worst was Q2 2026 (a decline of 30.1%).
- Per Business Quant data, TPB's Debt Ratio in the three quarters before Q2 2026 was 0.38 (Q1 2026), 0.38 (Q4 2025) and 0.39 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 0.72 |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | 0.62 |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 0.74 |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 0.22 |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 0.01 |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 0.05 |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 0.10 |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 0.34 |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 0.23 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.34 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 0.39 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.52 |
| Dec 31, 2024 | 0.50 |
| Sep 30, 2024 | 0.51 |
| Jun 30, 2024 | 0.62 |
| Mar 31, 2024 | 0.62 |
| Dec 31, 2023 | 0.64 |
| Sep 30, 2023 | 0.66 |
| Jun 30, 2023 | 0.68 |
| Mar 31, 2023 | 0.70 |
| Dec 31, 2022 | 0.71 |
| Sep 30, 2022 | 0.69 |
| Jun 30, 2022 | 0.69 |
| Mar 31, 2022 | 0.67 |
| Dec 31, 2021 | 0.69 |
| Sep 30, 2021 | 0.68 |
API Access
Turning Point Brands Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TPB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TPB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TPB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();