TPB vs. PM
TPB (Turning Point Brands, Inc.) and PM (Philip Morris International Inc.) are both stocks. Both operate in the Tobacco industry within the Consumer Defensive sector. Over the past 10 years, TPB returned 22.06%/yr vs 12.07%/yr for PM. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
TPB vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, TPB achieves a -31.04% return, which is significantly lower than PM's 21.02% return. Over the past 10 years, TPB has outperformed PM with an annualized return of 22.06%, while PM has yielded a comparatively lower 12.07% annualized return.
TPB
- 1D
- -1.84%
- 1M
- -13.18%
- 6M
- -38.30%
- YTD
- -31.04%
- 1Y
- -7.53%
- 3Y*
- 47.80%
- 5Y*
- 7.86%
- 10Y*
- 22.06%
- ALL TIME*
- 22.46%
PM
- 1D
- -0.61%
- 1M
- 4.69%
- 6M
- 8.18%
- YTD
- 21.02%
- 1Y
- 21.34%
- 3Y*
- 30.23%
- 5Y*
- 19.22%
- 10Y*
- 12.07%
- ALL TIME*
- 12.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12B | $967.33M | $937.11M | |
| $30.52M | $26.59M | $36.61M |
TPB vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPB Turning Point Brands, Inc. | -31.04% | 81.04% | 130.09% | 23.06% | -42.19% | -14.79% | 57.08% | 5.63% | 29.57% | 72.88% |
PM Philip Morris International Inc. | 21.02% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between TPB and PM is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 11, 2016 | 0.30 |
Fundamentals
TPB:
$1.45B
PM:
$297.41B
TPB:
$3.00
PM:
$6.97
TPB:
24.87
PM:
27.38
TPB:
0.45
PM:
2.98
TPB:
2.99
PM:
7.00
TPB:
$480.90M
PM:
$42.55B
TPB:
$273.00M
PM:
$28.72B
TPB:
$102.45M
PM:
$18.20B
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Return for Risk
TPB vs. PM — Risk / Return Rank
TPB
PM
TPB vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Turning Point Brands, Inc. (TPB) and Philip Morris International Inc. (PM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TPB | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 1.11 | -1.31 |
| Martin ratioReturn relative to average drawdown | -0.36 | 2.44 | -2.80 |
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Drawdowns
TPB vs. PM - Drawdown Comparison
The maximum TPB drawdown since its inception was -72.75%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for TPB and PM.
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Drawdown Indicators
| TPB | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.75% | -42.87% | -29.88% |
Max Drawdown (1Y)Largest decline over 1 year | -50.58% | -18.54% | -32.04% |
Max Drawdown (3Y)Largest decline over 3 years | -50.58% | -20.64% | -29.94% |
Max Drawdown (5Y)Largest decline over 5 years | -62.01% | -22.78% | -39.23% |
Max Drawdown (10Y)Largest decline over 10 years | -72.75% | -42.87% | -29.88% |
Current DrawdownCurrent decline from peak | -47.72% | -4.67% | -43.05% |
Average DrawdownAverage peak-to-trough decline | -28.90% | -9.97% | -18.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.09% | 8.42% | +18.67% |
Volatility
TPB vs. PM - Volatility Comparison
Turning Point Brands, Inc. (TPB) has a higher volatility of 14.78% compared to Philip Morris International Inc. (PM) at 10.17%. This indicates that TPB's price experiences larger fluctuations and is considered to be riskier than PM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPB | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.78% | 10.17% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 48.19% | 22.50% | +25.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.82% | 27.90% | +25.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.72% | 23.19% | +19.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.07% | 24.64% | +22.43% |
Dividends
TPB vs. PM - Dividend Comparison
TPB's dividend yield for the trailing twelve months is around 0.42%, less than PM's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 3.08% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
TPB Turning Point Brands, Inc. | 0.42% | 0.28% | 0.47% | 0.99% | 1.11% | 0.58% | 0.45% | 0.63% | 0.61% | 0.19% | 0.00% | 0.00% |
Financials
TPB vs. PM - Financials Comparison
This section allows you to compare key financial metrics between Turning Point Brands, Inc. and Philip Morris International Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TPB vs. PM - Profitability Comparison
TPB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Turning Point Brands, Inc. reported a gross profit of 68.30M and revenue of 124.28M. Therefore, the gross margin over that period was 55.0%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Philip Morris International Inc. reported a gross profit of 7.66B and revenue of 11.19B. Therefore, the gross margin over that period was 68.4%.
TPB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Turning Point Brands, Inc. reported an operating income of 12.48M and revenue of 124.28M, resulting in an operating margin of 10.1%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Philip Morris International Inc. reported an operating income of 4.53B and revenue of 11.19B, resulting in an operating margin of 40.5%.
TPB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Turning Point Brands, Inc. reported a net income of 13.94M and revenue of 124.28M, resulting in a net margin of 11.2%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Philip Morris International Inc. reported a net income of 2.82B and revenue of 11.19B, resulting in a net margin of 25.2%.
Frequently Asked Questions
TPB and PM have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPB has higher volatility (14.78%) compared to PM (10.17%). In terms of maximum drawdown, TPB dropped -72.75% vs PM's -42.87%.
PM currently has the higher Sharpe Ratio (0.74 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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