Turning Point Brands (TPB) Invested Capital (2015 - 2026)
Turning Point Brands (TPB) posted Invested Capital of $748.17 million for Q2 2026, up 44.4% from $517.96 million a year earlier and up 10.1% from the prior quarter.
Powered by 
Analysis
Turning Point Brands (TPB) Invested Capital (2015 - 2026) Analysis & Trends
For FY2025, Turning Point Brands' Invested Capital came in at $665.61 million, up 51.6% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- In prior years, Turning Point Brands' Invested Capital was $438.98 million in FY2024 (-15.1%), $517.36 million in FY2023 (-0.5%), $520.14 million in FY2022 (-5.1%) and $547.89 million in FY2021 (+26.9%).
- The Q2 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2015.
- On a year-over-year basis, Invested Capital has increased in each of the last four quarters, with growth averaging 18.0% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2025, with growth of 51.6%; the weakest was Q4 2024, with a decline of 15.1%.
- According to Business Quant data, Invested Capital for the three prior quarters was $679.37 million (Q1 2026), $665.61 million (Q4 2025) and $651.52 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 313.87 Bn | 293.52 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 131.09 Bn | 107.46 Bn | - | 108.08 Bn |
| 3 | Altria | 125.85 Bn | 112.01 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.20 Bn | 1.81 Bn | 169.91 Mn | 1.48 Bn |
| 5 | Trulieve Cannabis | 2.18 Bn | 798.49 Mn | 162.29 Mn | 954.03 Mn |
| 6 | RLX Technology | 2.03 Bn | -1.74 Bn | 52.74 Mn | 2.32 Bn |
| 7 | Green Thumb Industries | 1.45 Bn | 299.42 Mn | 137.87 Mn | 2.43 Bn |
| 8 | Turning Point Brands | 1.34 Bn | 448.70 Mn | 93.70 Mn | 748.17 Mn |
| 9 | Cronos | 1.29 Bn | -1.99 Bn | 28.45 Mn | - |
| 10 | Vireo Growth | 399.02 Mn | -105.53 Mn | 95.30 Mn | 742.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 748.17 Mn |
| Mar 31, 2026 | 679.37 Mn |
| Dec 31, 2025 | 665.61 Mn |
| Sep 30, 2025 | 651.52 Mn |
| Jun 30, 2025 | 517.96 Mn |
| Mar 31, 2025 | 496.50 Mn |
| Dec 31, 2024 | 438.98 Mn |
| Sep 30, 2024 | 435.05 Mn |
| Jun 30, 2024 | 540.38 Mn |
| Mar 31, 2024 | 527.05 Mn |
| Dec 31, 2023 | 517.36 Mn |
| Sep 30, 2023 | 505.04 Mn |
| Jun 30, 2023 | 508.44 Mn |
| Mar 31, 2023 | 513.51 Mn |
| Dec 31, 2022 | 520.14 Mn |
| Sep 30, 2022 | 546.61 Mn |
| Jun 30, 2022 | 543.34 Mn |
| Mar 31, 2022 | 546.66 Mn |
| Dec 31, 2021 | 547.89 Mn |
| Sep 30, 2021 | 561.30 Mn |
API Access
Turning Point Brands Invested Capital 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=invested-capital&ticker=TPB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TPB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();