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Side-by-side financial comparison of AVADEL PHARMACEUTICALS PLC (AVDL) 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 $77.5M, roughly 1.6× AVADEL PHARMACEUTICALS PLC). Turning Point Brands, Inc. runs the higher net margin — 6.8% vs 0.0%, a 6.8% gap on every dollar of revenue. On growth, AVADEL PHARMACEUTICALS PLC posted the faster year-over-year revenue change (54.9% vs 29.2%). AVADEL PHARMACEUTICALS PLC produced more free cash flow last quarter ($22.2M vs $21.5M). Over the past eight quarters, AVADEL PHARMACEUTICALS PLC's revenue compounded faster (99.6% CAGR vs 20.7%).

Avadel Pharmaceuticals, is an Irish specialty pharmaceutical company that focuses on sleep disorder medicines. Avadel markets products in the hospital and primary care spaces. The company is headquartered in Dublin, Ireland with operations in St. Louis, Missouri and Lyon, France.

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.

AVDL vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.6× larger
TPB
$121.0M
$77.5M
AVDL
Growing faster (revenue YoY)
AVDL
AVDL
+25.7% gap
AVDL
54.9%
29.2%
TPB
Higher net margin
TPB
TPB
6.8% more per $
TPB
6.8%
0.0%
AVDL
More free cash flow
AVDL
AVDL
$684.0K more FCF
AVDL
$22.2M
$21.5M
TPB
Faster 2-yr revenue CAGR
AVDL
AVDL
Annualised
AVDL
99.6%
20.7%
TPB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AVDL
AVDL
TPB
TPB
Revenue
$77.5M
$121.0M
Net Profit
$20.0K
$8.2M
Gross Margin
55.9%
Operating Margin
2.5%
16.5%
Net Margin
0.0%
6.8%
Revenue YoY
54.9%
29.2%
Net Profit YoY
100.8%
239.8%
EPS (diluted)
$0.00
$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
AVDL
AVDL
TPB
TPB
Q4 25
$121.0M
Q3 25
$77.5M
$119.0M
Q2 25
$68.1M
$116.6M
Q1 25
$52.5M
$106.4M
Q4 24
$50.4M
$93.7M
Q3 24
$50.0M
$90.7M
Q2 24
$41.5M
$93.2M
Q1 24
$27.2M
$83.1M
Net Profit
AVDL
AVDL
TPB
TPB
Q4 25
$8.2M
Q3 25
$20.0K
$21.1M
Q2 25
$9.7M
$14.5M
Q1 25
$-4.9M
$14.4M
Q4 24
$-5.0M
$2.4M
Q3 24
$-2.6M
$12.4M
Q2 24
$-13.8M
$13.0M
Q1 24
$-27.3M
$12.0M
Gross Margin
AVDL
AVDL
TPB
TPB
Q4 25
55.9%
Q3 25
59.2%
Q2 25
90.7%
57.1%
Q1 25
89.4%
56.0%
Q4 24
90.5%
56.0%
Q3 24
87.7%
55.6%
Q2 24
93.3%
54.1%
Q1 24
94.4%
58.2%
Operating Margin
AVDL
AVDL
TPB
TPB
Q4 25
16.5%
Q3 25
2.5%
21.8%
Q2 25
13.0%
22.6%
Q1 25
-5.7%
21.8%
Q4 24
-6.5%
19.1%
Q3 24
-0.7%
22.9%
Q2 24
-30.7%
24.5%
Q1 24
-95.8%
23.2%
Net Margin
AVDL
AVDL
TPB
TPB
Q4 25
6.8%
Q3 25
0.0%
17.7%
Q2 25
14.2%
12.4%
Q1 25
-9.4%
13.5%
Q4 24
-10.0%
2.6%
Q3 24
-5.2%
13.6%
Q2 24
-33.3%
14.0%
Q1 24
-100.6%
14.5%
EPS (diluted)
AVDL
AVDL
TPB
TPB
Q4 25
$0.40
Q3 25
$0.00
$1.13
Q2 25
$0.10
$0.79
Q1 25
$-0.05
$0.79
Q4 24
$-0.04
$0.15
Q3 24
$-0.03
$0.68
Q2 24
$-0.14
$0.68
Q1 24
$-0.30
$0.63

Balance Sheet & Financial Strength

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

Metric
AVDL
AVDL
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$91.6M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$98.2M
$372.0M
Total Assets
$199.4M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVDL
AVDL
TPB
TPB
Q4 25
$222.8M
Q3 25
$91.6M
$201.2M
Q2 25
$81.5M
$109.9M
Q1 25
$66.5M
$99.6M
Q4 24
$73.8M
$48.9M
Q3 24
$65.8M
$33.6M
Q2 24
$71.4M
$142.2M
Q1 24
$88.8M
$130.9M
Stockholders' Equity
AVDL
AVDL
TPB
TPB
Q4 25
$372.0M
Q3 25
$98.2M
$358.2M
Q2 25
$90.7M
$224.8M
Q1 25
$74.1M
$203.4M
Q4 24
$73.8M
$190.4M
Q3 24
$74.7M
$185.7M
Q2 24
$70.3M
$172.8M
Q1 24
$78.4M
$160.0M
Total Assets
AVDL
AVDL
TPB
TPB
Q4 25
$763.8M
Q3 25
$199.4M
$742.8M
Q2 25
$187.2M
$595.8M
Q1 25
$167.9M
$564.6M
Q4 24
$164.2M
$493.4M
Q3 24
$158.3M
$488.0M
Q2 24
$157.5M
$591.6M
Q1 24
$167.9M
$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
AVDL
AVDL
TPB
TPB
Operating Cash FlowLast quarter
$22.2M
$24.9M
Free Cash FlowOCF − Capex
$22.2M
$21.5M
FCF MarginFCF / Revenue
28.7%
17.8%
Capex IntensityCapex / Revenue
0.0%
2.8%
Cash ConversionOCF / Net Profit
1110.25×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVDL
AVDL
TPB
TPB
Q4 25
$24.9M
Q3 25
$22.2M
$3.3M
Q2 25
$12.7M
$11.8M
Q1 25
$-8.2M
$17.4M
Q4 24
$7.9M
$17.7M
Q3 24
$-6.9M
$13.2M
Q2 24
$-18.2M
$13.4M
Q1 24
$-29.7M
$22.6M
Free Cash Flow
AVDL
AVDL
TPB
TPB
Q4 25
$21.5M
Q3 25
$22.2M
$-721.0K
Q2 25
$7.8M
Q1 25
$15.2M
Q4 24
$16.6M
Q3 24
$12.6M
Q2 24
$10.9M
Q1 24
$22.3M
FCF Margin
AVDL
AVDL
TPB
TPB
Q4 25
17.8%
Q3 25
28.7%
-0.6%
Q2 25
6.7%
Q1 25
14.3%
Q4 24
17.8%
Q3 24
13.9%
Q2 24
11.7%
Q1 24
26.8%
Capex Intensity
AVDL
AVDL
TPB
TPB
Q4 25
2.8%
Q3 25
0.0%
3.4%
Q2 25
3.4%
Q1 25
2.1%
Q4 24
1.2%
Q3 24
0.0%
0.7%
Q2 24
2.7%
Q1 24
0.4%
Cash Conversion
AVDL
AVDL
TPB
TPB
Q4 25
3.03×
Q3 25
1110.25×
0.16×
Q2 25
1.31×
0.82×
Q1 25
1.21×
Q4 24
7.34×
Q3 24
1.07×
Q2 24
1.03×
Q1 24
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVDL
AVDL

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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