Turning Point Brands, Inc. TPB

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
71/100
Moderate

About Turning Point Brands, Inc.

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products in the United States and Canada. It operates through two segments, Zig-Zag Products and Stoker's Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand. … Full TPB analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 57.1% (top 19%) and operating margin at 20.6% (top 8%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.74), demonstrating pricing resilience across cycles.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.38), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
82

Where TPB ranks in Consumer Defensive: Staples & Essential Services

Turning Point Brands, Inc. ranks #43 of 265 scored companies in Consumer Defensive: Staples & Essential Services by moat score — the top 16%. The widest moat in the group is Brown Forman Inc (BF-A) at 93/100.

Moat scores for companies ranked near TPB in Consumer Defensive: Staples & Essential Services
# Company Moat score Rating
39 Central Garden & Pet Company CENT 72/100 Moderate
40 Central Garden & Pet Company CENTA 72/100 Moderate
41 Ollie's Bargain Outlet Holdings OLLI 72/100 Moderate
42 Coca-Cola Company (The) KO 71/100 Moderate
43 Turning Point Brands, Inc. TPB 71/100 Moderate
44 Church & Dwight Company, Inc. CHD 71/100 Moderate
45 The Campbell's Company CPB 70/100 Moderate
46 Nature's Sunshine Products, Inc NATR 70/100 Moderate
47 J & J Snack Foods Corp. JJSF 70/100 Moderate

See every General Corporate company ranked by moat score →

How TPB scores on the Corporate Default defenses

Pricing Power

Score 82 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 65 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 60 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 69 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 74 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 74 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TPB's moat

What is Turning Point Brands, Inc.'s moat score?

Turning Point Brands, Inc. (TPB) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #43 of 265 scored companies in Consumer Defensive: Staples & Essential Services, the top 16%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 264 companies in Consumer Defensive: Staples & Essential Services. Its strongest defense is Pricing Power (82/100) and its weakest is Customer Stickiness (60/100).

How does Turning Point Brands, Inc. compare with other Consumer Defensive: Staples & Essential Services companies?

Turning Point Brands, Inc. ranks #43 of 265 scored companies in Consumer Defensive: Staples & Essential Services by moat score. The widest moat in Consumer Defensive: Staples & Essential Services is Brown Forman Inc (BF-A) at 93/100. The companies ranked closest are Coca-Cola Company (The) (KO) at 71 just above it and Church & Dwight Company, Inc. (CHD) at 71 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 264 companies in Consumer Defensive: Staples & Essential Services. The defenses are then weighted to produce the overall score out of 100.

Why is Turning Point Brands, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Turning Point Brands, Inc.?

The Corporate Default template measures 6 defenses, and TPB scores: Pricing Power (82), Cost Advantage (65), Customer Stickiness (60), Capital Efficiency (69), Resilience (74), Scale & Market Position (74). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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