Turning Point Brands (TPB) Return on Invested Capital [ROIC] (2016 - 2026)
Turning Point Brands' Return on Invested Capital [ROIC] was 9.05% in Q2 2026, down 4.63 percentage points from 13.69% a year earlier and down 1.86 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 +1.94 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 (+2.27 pp).
- The Q2 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 three straight quarters, with an average year-over-year change of +0.40 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2021 (a gain of 7.91 percentage points); the worst was Q2 2026 (a drop of 4.63 percentage points).
- Per Business Quant data, TPB's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 10.91% (Q1 2026), 11.87% (Q4 2025) and 12.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.95 Bn | 289.94 Bn | 7.85 Bn | 32.08% |
| 2 | British American Tobacco p.l.c | 137.57 Bn | 114.22 Bn | - | - |
| 3 | Altria | 124.10 Bn | 110.30 Bn | 3.82 Bn | 38.90% |
| 4 | RLX Technology | 2.51 Bn | -1.24 Bn | 52.74 Mn | 3.63% |
| 5 | Verano Holdings | 2.17 Bn | 1.84 Bn | 99.70 Mn | -12.28% |
| 6 | Curaleaf Holdings | 2.09 Bn | 1.70 Bn | 169.91 Mn | 1.35% |
| 7 | Trulieve Cannabis | 2.00 Bn | 614.45 Mn | 162.29 Mn | -24.18% |
| 8 | Turning Point Brands | 1.28 Bn | 415.13 Mn | 93.70 Mn | 9.05% |
| 9 | Cronos | 1.24 Bn | -1.98 Bn | 28.45 Mn | - |
| 10 | Green Thumb Industries | 1.24 Bn | 86.96 Mn | 137.87 Mn | 2.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 10.80% |
| Jun 30, 2023 | 10.62% |
| Mar 31, 2023 | 10.25% |
| Dec 31, 2022 | 10.25% |
| Sep 30, 2022 | 10.71% |
| Jun 30, 2022 | 11.14% |
| Mar 31, 2022 | 12.05% |
| Dec 31, 2021 | 12.78% |
| Sep 30, 2021 | 12.93% |
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();