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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $121.0M, roughly 1.3× Turning Point Brands, Inc.). On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs -5.2%). Turning Point Brands, Inc. produced more free cash flow last quarter ($21.5M vs $8.7M). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs TPB — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.3× larger
CVGI
$154.8M
$121.0M
TPB
Growing faster (revenue YoY)
TPB
TPB
+34.4% gap
TPB
29.2%
-5.2%
CVGI
More free cash flow
TPB
TPB
$12.8M more FCF
TPB
$21.5M
$8.7M
CVGI
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
TPB
TPB
Revenue
$154.8M
$121.0M
Net Profit
$8.2M
Gross Margin
9.7%
55.9%
Operating Margin
-1.2%
16.5%
Net Margin
6.8%
Revenue YoY
-5.2%
29.2%
Net Profit YoY
239.8%
EPS (diluted)
$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
CVGI
CVGI
TPB
TPB
Q4 25
$154.8M
$121.0M
Q3 25
$152.5M
$119.0M
Q2 25
$172.0M
$116.6M
Q1 25
$169.8M
$106.4M
Q4 24
$163.3M
$93.7M
Q3 24
$171.8M
$90.7M
Q2 24
$193.7M
$93.2M
Q1 24
$194.6M
$83.1M
Net Profit
CVGI
CVGI
TPB
TPB
Q4 25
$8.2M
Q3 25
$-7.1M
$21.1M
Q2 25
$-4.8M
$14.5M
Q1 25
$-4.3M
$14.4M
Q4 24
$2.4M
Q3 24
$9.5M
$12.4M
Q2 24
$-1.6M
$13.0M
Q1 24
$2.9M
$12.0M
Gross Margin
CVGI
CVGI
TPB
TPB
Q4 25
9.7%
55.9%
Q3 25
10.5%
59.2%
Q2 25
11.4%
57.1%
Q1 25
10.5%
56.0%
Q4 24
8.0%
56.0%
Q3 24
9.6%
55.6%
Q2 24
10.6%
54.1%
Q1 24
11.9%
58.2%
Operating Margin
CVGI
CVGI
TPB
TPB
Q4 25
-1.2%
16.5%
Q3 25
-0.7%
21.8%
Q2 25
0.5%
22.6%
Q1 25
0.8%
21.8%
Q4 24
-3.2%
19.1%
Q3 24
-0.6%
22.9%
Q2 24
0.5%
24.5%
Q1 24
2.3%
23.2%
Net Margin
CVGI
CVGI
TPB
TPB
Q4 25
6.8%
Q3 25
-4.6%
17.7%
Q2 25
-2.8%
12.4%
Q1 25
-2.5%
13.5%
Q4 24
2.6%
Q3 24
5.5%
13.6%
Q2 24
-0.8%
14.0%
Q1 24
1.5%
14.5%
EPS (diluted)
CVGI
CVGI
TPB
TPB
Q4 25
$0.40
Q3 25
$1.13
Q2 25
$0.79
Q1 25
$0.79
Q4 24
$0.15
Q3 24
$0.68
Q2 24
$-0.05
$0.68
Q1 24
$0.09
$0.63

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$222.8M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
$372.0M
Total Assets
$391.7M
$763.8M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
TPB
TPB
Q4 25
$222.8M
Q3 25
$201.2M
Q2 25
$109.9M
Q1 25
$99.6M
Q4 24
$48.9M
Q3 24
$33.6M
Q2 24
$142.2M
Q1 24
$130.9M
Total Debt
CVGI
CVGI
TPB
TPB
Q4 25
$104.9M
Q3 25
$108.2M
Q2 25
$118.2M
Q1 25
$117.4M
Q4 24
$135.5M
Q3 24
$128.8M
Q2 24
$142.0M
Q1 24
$155.7M
Stockholders' Equity
CVGI
CVGI
TPB
TPB
Q4 25
$133.4M
$372.0M
Q3 25
$136.5M
$358.2M
Q2 25
$142.6M
$224.8M
Q1 25
$136.7M
$203.4M
Q4 24
$135.6M
$190.4M
Q3 24
$179.3M
$185.7M
Q2 24
$169.6M
$172.8M
Q1 24
$175.5M
$160.0M
Total Assets
CVGI
CVGI
TPB
TPB
Q4 25
$391.7M
$763.8M
Q3 25
$400.3M
$742.8M
Q2 25
$429.8M
$595.8M
Q1 25
$419.8M
$564.6M
Q4 24
$424.6M
$493.4M
Q3 24
$495.3M
$488.0M
Q2 24
$503.2M
$591.6M
Q1 24
$509.2M
$586.3M
Debt / Equity
CVGI
CVGI
TPB
TPB
Q4 25
0.79×
Q3 25
0.79×
Q2 25
0.83×
Q1 25
0.86×
Q4 24
1.00×
Q3 24
0.72×
Q2 24
0.84×
Q1 24
0.89×

Cash Flow & Capital Efficiency

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

Metric
CVGI
CVGI
TPB
TPB
Operating Cash FlowLast quarter
$12.3M
$24.9M
Free Cash FlowOCF − Capex
$8.7M
$21.5M
FCF MarginFCF / Revenue
5.6%
17.8%
Capex IntensityCapex / Revenue
2.3%
2.8%
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
TPB
TPB
Q4 25
$12.3M
$24.9M
Q3 25
$-1.7M
$3.3M
Q2 25
$18.9M
$11.8M
Q1 25
$15.2M
$17.4M
Q4 24
$-26.6M
$17.7M
Q3 24
$-17.1M
$13.2M
Q2 24
$12.6M
$13.4M
Q1 24
$-2.4M
$22.6M
Free Cash Flow
CVGI
CVGI
TPB
TPB
Q4 25
$8.7M
$21.5M
Q3 25
$-3.5M
$-721.0K
Q2 25
$17.4M
$7.8M
Q1 25
$11.4M
$15.2M
Q4 24
$-30.6M
$16.6M
Q3 24
$-20.3M
$12.6M
Q2 24
$6.4M
$10.9M
Q1 24
$-7.4M
$22.3M
FCF Margin
CVGI
CVGI
TPB
TPB
Q4 25
5.6%
17.8%
Q3 25
-2.3%
-0.6%
Q2 25
10.1%
6.7%
Q1 25
6.7%
14.3%
Q4 24
-18.7%
17.8%
Q3 24
-11.8%
13.9%
Q2 24
3.3%
11.7%
Q1 24
-3.8%
26.8%
Capex Intensity
CVGI
CVGI
TPB
TPB
Q4 25
2.3%
2.8%
Q3 25
1.2%
3.4%
Q2 25
0.9%
3.4%
Q1 25
2.2%
2.1%
Q4 24
2.4%
1.2%
Q3 24
1.9%
0.7%
Q2 24
3.2%
2.7%
Q1 24
2.6%
0.4%
Cash Conversion
CVGI
CVGI
TPB
TPB
Q4 25
3.03×
Q3 25
0.16×
Q2 25
0.82×
Q1 25
1.21×
Q4 24
7.34×
Q3 24
-1.79×
1.07×
Q2 24
1.03×
Q1 24
-0.80×
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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