Turning Point Brands (TPB) Operating Margin (2015 - 2026)
Turning Point Brands' Operating Margin was 11.69% in Q2 2026, down 10.88 percentage points from 22.57% a year earlier but up 1.65 percentage points from the prior quarter.
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Analysis
Turning Point Brands (TPB) Operating Margin (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Turning Point Brands' Operating Margin was 14.79% through Jun 30, 2026, down 6.86 percentage points year-over-year; for FY2025, it came in at 20.59%, down 1.83 percentage points from FY2024.
- Operating Margin shows a five-year change of +4.68 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 22.41% in FY2024 (-3.11 pp), 25.52% in FY2023 (+2.48 pp), 23.04% in FY2022 (+2.76 pp) and 20.28% in FY2021 (+4.37 pp).
- Quarterly Operating Margin has moved between 10.05% (Q1 2026) and 29.61% (Q4 2023) over five years.
- Compared with a year earlier, Operating Margin has declined for eight straight quarters, with an average year-over-year change of -5.27 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 13.35 percentage points); the worst was Q1 2026 (a drop of 11.74 percentage points).
- Per Business Quant data, TPB's Operating Margin in the three quarters before Q2 2026 was 10.05% (Q1 2026), 16.47% (Q4 2025) and 21.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 11.69% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 1.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.69% |
| Mar 31, 2026 | 10.05% |
| Dec 31, 2025 | 16.47% |
| Sep 30, 2025 | 21.76% |
| Jun 30, 2025 | 22.57% |
| Mar 31, 2025 | 21.79% |
| Dec 31, 2024 | 19.09% |
| Sep 30, 2024 | 22.94% |
| Jun 30, 2024 | 24.53% |
| Mar 31, 2024 | 23.20% |
| Dec 31, 2023 | 29.61% |
| Sep 30, 2023 | 24.74% |
| Jun 30, 2023 | 24.26% |
| Mar 31, 2023 | 23.27% |
| Dec 31, 2022 | 16.26% |
| Sep 30, 2022 | 18.39% |
| Jun 30, 2022 | 17.63% |
| Mar 31, 2022 | 19.06% |
| Dec 31, 2021 | 17.78% |
| Sep 30, 2021 | 20.36% |
API Access
Turning Point Brands Operating Margin 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=operating-margin&ticker=TPB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=TPB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();