Turning Point Brands (TPB) Return on Invested Capital [ROIC] (2016 - 2026)
Turning Point Brands' Return on Invested Capital [ROIC] was 7.15% in Q3 2026, down 5.59 percentage points from 12.74% a year earlier and down 1.90 percentage points from the prior quarter.
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Analysis
Turning Point Brands (TPB) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Turning Point Brands came in at 14.15%, up 1.65 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +2.01 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 12.50% in FY2024 (+2.69 pp), 9.81% in FY2023 (-0.43 pp), 10.24% in FY2022 (-4.24 pp) and 14.48% in FY2021 (+2.34 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q3 2020.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for four straight quarters, with an average year-over-year change of -0.38 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2025 (a gain of 3.79 percentage points); the worst was Q3 2026 (a drop of 5.59 percentage points).
- Per Business Quant data, TPB's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 9.05% (Q2 2026), 10.91% (Q1 2026) and 11.87% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn | 32.08% |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - | - |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn | 38.67% |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn | 3.63% |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn | 0.73% |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn | -28.97% |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn | -12.16% |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn | 1.79% |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn | - |
| 10 | Turning Point Brands | 1.10 Bn | 187.99 Mn | 85.18 Mn | 7.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.15% |
| Jun 30, 2026 | 9.05% |
| Mar 31, 2026 | 10.91% |
| Dec 31, 2025 | 11.87% |
| Sep 30, 2025 | 12.74% |
| Jun 30, 2025 | 13.69% |
| Mar 31, 2025 | 13.99% |
| Dec 31, 2024 | 13.68% |
| Sep 30, 2024 | 11.44% |
| Jun 30, 2024 | 10.43% |
| Mar 31, 2024 | 10.20% |
| Dec 31, 2023 | 9.95% |
| Sep 30, 2023 | 9.67% |
| Jun 30, 2023 | 9.04% |
| Mar 31, 2023 | 9.70% |
| Dec 31, 2022 | 9.81% |
| Sep 30, 2022 | 10.25% |
| Jun 30, 2022 | 11.14% |
| Mar 31, 2022 | 12.05% |
| Dec 31, 2021 | 12.78% |
API Access
Turning Point Brands Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=TPB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=TPB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();