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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $121.0M, roughly 2.0× Turning Point Brands, Inc.). Turning Point Brands, Inc. runs the higher net margin — 6.8% vs 4.9%, a 1.9% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs -3.7%). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs -2.2%).

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

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.

DGICA vs TPB — Head-to-Head

Bigger by revenue
DGICA
DGICA
2.0× larger
DGICA
$236.0M
$121.0M
TPB
Growing faster (revenue YoY)
TPB
TPB
+32.9% gap
TPB
29.2%
-3.7%
DGICA
Higher net margin
TPB
TPB
1.9% more per $
TPB
6.8%
4.9%
DGICA
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
-2.2%
DGICA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DGICA
DGICA
TPB
TPB
Revenue
$236.0M
$121.0M
Net Profit
$11.5M
$8.2M
Gross Margin
55.9%
Operating Margin
16.5%
Net Margin
4.9%
6.8%
Revenue YoY
-3.7%
29.2%
Net Profit YoY
-54.3%
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
DGICA
DGICA
TPB
TPB
Q1 26
$236.0M
Q4 25
$239.8M
$121.0M
Q3 25
$245.9M
$119.0M
Q2 25
$247.1M
$116.6M
Q1 25
$245.2M
$106.4M
Q4 24
$250.0M
$93.7M
Q3 24
$251.7M
$90.7M
Q2 24
$246.8M
$93.2M
Net Profit
DGICA
DGICA
TPB
TPB
Q1 26
$11.5M
Q4 25
$17.2M
$8.2M
Q3 25
$20.1M
$21.1M
Q2 25
$16.9M
$14.5M
Q1 25
$25.2M
$14.4M
Q4 24
$24.0M
$2.4M
Q3 24
$16.8M
$12.4M
Q2 24
$4.2M
$13.0M
Gross Margin
DGICA
DGICA
TPB
TPB
Q1 26
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%
Operating Margin
DGICA
DGICA
TPB
TPB
Q1 26
Q4 25
8.7%
16.5%
Q3 25
10.2%
21.8%
Q2 25
8.3%
22.6%
Q1 25
12.7%
21.8%
Q4 24
11.9%
19.1%
Q3 24
8.1%
22.9%
Q2 24
2.0%
24.5%
Net Margin
DGICA
DGICA
TPB
TPB
Q1 26
4.9%
Q4 25
7.2%
6.8%
Q3 25
8.2%
17.7%
Q2 25
6.8%
12.4%
Q1 25
10.3%
13.5%
Q4 24
9.6%
2.6%
Q3 24
6.7%
13.6%
Q2 24
1.7%
14.0%
EPS (diluted)
DGICA
DGICA
TPB
TPB
Q1 26
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
$0.68

Balance Sheet & Financial Strength

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

Metric
DGICA
DGICA
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$649.1M
$372.0M
Total Assets
$2.4B
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGICA
DGICA
TPB
TPB
Q1 26
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
Stockholders' Equity
DGICA
DGICA
TPB
TPB
Q1 26
$649.1M
Q4 25
$640.4M
$372.0M
Q3 25
$627.4M
$358.2M
Q2 25
$605.7M
$224.8M
Q1 25
$584.7M
$203.4M
Q4 24
$545.8M
$190.4M
Q3 24
$513.4M
$185.7M
Q2 24
$484.1M
$172.8M
Total Assets
DGICA
DGICA
TPB
TPB
Q1 26
$2.4B
Q4 25
$2.4B
$763.8M
Q3 25
$2.4B
$742.8M
Q2 25
$2.4B
$595.8M
Q1 25
$2.4B
$564.6M
Q4 24
$2.3B
$493.4M
Q3 24
$2.3B
$488.0M
Q2 24
$2.3B
$591.6M

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DGICA
DGICA
TPB
TPB
Q1 26
Q4 25
$70.2M
$24.9M
Q3 25
$22.4M
$3.3M
Q2 25
$12.1M
$11.8M
Q1 25
$25.7M
$17.4M
Q4 24
$67.4M
$17.7M
Q3 24
$12.7M
$13.2M
Q2 24
$21.7M
$13.4M
Free Cash Flow
DGICA
DGICA
TPB
TPB
Q1 26
Q4 25
$21.5M
Q3 25
$-721.0K
Q2 25
$7.8M
Q1 25
$15.2M
Q4 24
$16.6M
Q3 24
$12.6M
Q2 24
$10.9M
FCF Margin
DGICA
DGICA
TPB
TPB
Q1 26
Q4 25
17.8%
Q3 25
-0.6%
Q2 25
6.7%
Q1 25
14.3%
Q4 24
17.8%
Q3 24
13.9%
Q2 24
11.7%
Capex Intensity
DGICA
DGICA
TPB
TPB
Q1 26
Q4 25
2.8%
Q3 25
3.4%
Q2 25
3.4%
Q1 25
2.1%
Q4 24
1.2%
Q3 24
0.7%
Q2 24
2.7%
Cash Conversion
DGICA
DGICA
TPB
TPB
Q1 26
Q4 25
4.08×
3.03×
Q3 25
1.11×
0.16×
Q2 25
0.72×
0.82×
Q1 25
1.02×
1.21×
Q4 24
2.81×
7.34×
Q3 24
0.76×
1.07×
Q2 24
5.22×
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DGICA
DGICA

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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