vs

Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

Turning Point Brands, Inc. is the larger business by last-quarter revenue ($121.0M vs $85.2M, roughly 1.4× Amalgamated Financial Corp.). On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 9.4%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $21.5M). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

Turning Point Australia (TPAUS) is a conservative lobby group based in Australia, affiliated with Turning Point USA but independent of it. Founded by Joel Jammal and first registered in 2023, the group has become active in trying to influence the outcome of the 2026 South Australian state election in March 2026.

AMAL vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.4× larger
TPB
$121.0M
$85.2M
AMAL
Growing faster (revenue YoY)
TPB
TPB
+19.8% gap
TPB
29.2%
9.4%
AMAL
More free cash flow
AMAL
AMAL
$112.9M more FCF
AMAL
$134.4M
$21.5M
TPB
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
TPB
TPB
Revenue
$85.2M
$121.0M
Net Profit
$8.2M
Gross Margin
55.9%
Operating Margin
39.0%
16.5%
Net Margin
6.8%
Revenue YoY
9.4%
29.2%
Net Profit YoY
239.8%
EPS (diluted)
$0.88
$0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMAL
AMAL
TPB
TPB
Q4 25
$85.2M
$121.0M
Q3 25
$85.6M
$119.0M
Q2 25
$80.9M
$116.6M
Q1 25
$77.0M
$106.4M
Q4 24
$77.9M
$93.7M
Q3 24
$81.0M
$90.7M
Q2 24
$78.5M
$93.2M
Q1 24
$78.3M
$83.1M
Net Profit
AMAL
AMAL
TPB
TPB
Q4 25
$8.2M
Q3 25
$26.8M
$21.1M
Q2 25
$26.0M
$14.5M
Q1 25
$25.0M
$14.4M
Q4 24
$2.4M
Q3 24
$27.9M
$12.4M
Q2 24
$26.8M
$13.0M
Q1 24
$27.2M
$12.0M
Gross Margin
AMAL
AMAL
TPB
TPB
Q4 25
55.9%
Q3 25
59.2%
Q2 25
57.1%
Q1 25
56.0%
Q4 24
56.0%
Q3 24
55.6%
Q2 24
54.1%
Q1 24
58.2%
Operating Margin
AMAL
AMAL
TPB
TPB
Q4 25
39.0%
16.5%
Q3 25
42.9%
21.8%
Q2 25
43.8%
22.6%
Q1 25
45.1%
21.8%
Q4 24
42.4%
19.1%
Q3 24
47.2%
22.9%
Q2 24
45.6%
24.5%
Q1 24
49.2%
23.2%
Net Margin
AMAL
AMAL
TPB
TPB
Q4 25
6.8%
Q3 25
31.3%
17.7%
Q2 25
32.1%
12.4%
Q1 25
32.5%
13.5%
Q4 24
2.6%
Q3 24
34.5%
13.6%
Q2 24
34.1%
14.0%
Q1 24
34.8%
14.5%
EPS (diluted)
AMAL
AMAL
TPB
TPB
Q4 25
$0.88
$0.40
Q3 25
$0.88
$1.13
Q2 25
$0.84
$0.79
Q1 25
$0.81
$0.79
Q4 24
$0.78
$0.15
Q3 24
$0.90
$0.68
Q2 24
$0.87
$0.68
Q1 24
$0.89
$0.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMAL
AMAL
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$291.2M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$372.0M
Total Assets
$8.9B
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
TPB
TPB
Q4 25
$291.2M
$222.8M
Q3 25
$115.5M
$201.2M
Q2 25
$171.1M
$109.9M
Q1 25
$65.7M
$99.6M
Q4 24
$60.7M
$48.9M
Q3 24
$149.2M
$33.6M
Q2 24
$58.0M
$142.2M
Q1 24
$155.2M
$130.9M
Stockholders' Equity
AMAL
AMAL
TPB
TPB
Q4 25
$794.5M
$372.0M
Q3 25
$775.6M
$358.2M
Q2 25
$754.0M
$224.8M
Q1 25
$736.0M
$203.4M
Q4 24
$707.7M
$190.4M
Q3 24
$698.2M
$185.7M
Q2 24
$646.0M
$172.8M
Q1 24
$616.8M
$160.0M
Total Assets
AMAL
AMAL
TPB
TPB
Q4 25
$8.9B
$763.8M
Q3 25
$8.7B
$742.8M
Q2 25
$8.6B
$595.8M
Q1 25
$8.3B
$564.6M
Q4 24
$8.3B
$493.4M
Q3 24
$8.4B
$488.0M
Q2 24
$8.3B
$591.6M
Q1 24
$8.1B
$586.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMAL
AMAL
TPB
TPB
Operating Cash FlowLast quarter
$135.8M
$24.9M
Free Cash FlowOCF − Capex
$134.4M
$21.5M
FCF MarginFCF / Revenue
157.8%
17.8%
Capex IntensityCapex / Revenue
1.6%
2.8%
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
TPB
TPB
Q4 25
$135.8M
$24.9M
Q3 25
$39.5M
$3.3M
Q2 25
$24.9M
$11.8M
Q1 25
$34.2M
$17.4M
Q4 24
$124.1M
$17.7M
Q3 24
$35.8M
$13.2M
Q2 24
$28.0M
$13.4M
Q1 24
$31.3M
$22.6M
Free Cash Flow
AMAL
AMAL
TPB
TPB
Q4 25
$134.4M
$21.5M
Q3 25
$38.3M
$-721.0K
Q2 25
$24.2M
$7.8M
Q1 25
$32.5M
$15.2M
Q4 24
$122.3M
$16.6M
Q3 24
$35.2M
$12.6M
Q2 24
$27.8M
$10.9M
Q1 24
$31.1M
$22.3M
FCF Margin
AMAL
AMAL
TPB
TPB
Q4 25
157.8%
17.8%
Q3 25
44.7%
-0.6%
Q2 25
29.9%
6.7%
Q1 25
42.2%
14.3%
Q4 24
157.0%
17.8%
Q3 24
43.4%
13.9%
Q2 24
35.4%
11.7%
Q1 24
39.7%
26.8%
Capex Intensity
AMAL
AMAL
TPB
TPB
Q4 25
1.6%
2.8%
Q3 25
1.4%
3.4%
Q2 25
0.9%
3.4%
Q1 25
2.3%
2.1%
Q4 24
2.3%
1.2%
Q3 24
0.7%
0.7%
Q2 24
0.3%
2.7%
Q1 24
0.3%
0.4%
Cash Conversion
AMAL
AMAL
TPB
TPB
Q4 25
3.03×
Q3 25
1.47×
0.16×
Q2 25
0.96×
0.82×
Q1 25
1.37×
1.21×
Q4 24
7.34×
Q3 24
1.28×
1.07×
Q2 24
1.05×
1.03×
Q1 24
1.15×
1.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

Related Comparisons