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

EXPONENT INC is the larger business by last-quarter revenue ($166.3M vs $121.0M, roughly 1.4× Turning Point Brands, Inc.). EXPONENT INC runs the higher net margin — 17.8% vs 6.8%, a 11.0% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 14.3%). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 8.8%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

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.

EXPO vs TPB — Head-to-Head

Bigger by revenue
EXPO
EXPO
1.4× larger
EXPO
$166.3M
$121.0M
TPB
Growing faster (revenue YoY)
TPB
TPB
+14.9% gap
TPB
29.2%
14.3%
EXPO
Higher net margin
EXPO
EXPO
11.0% more per $
EXPO
17.8%
6.8%
TPB
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
8.8%
EXPO

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
EXPO
EXPO
TPB
TPB
Revenue
$166.3M
$121.0M
Net Profit
$29.6M
$8.2M
Gross Margin
55.9%
Operating Margin
24.9%
16.5%
Net Margin
17.8%
6.8%
Revenue YoY
14.3%
29.2%
Net Profit YoY
11.0%
239.8%
EPS (diluted)
$0.59
$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
EXPO
EXPO
TPB
TPB
Q1 26
$166.3M
Q4 25
$147.1M
$121.0M
Q3 25
$142.0M
$119.0M
Q2 25
$145.5M
$116.6M
Q1 25
$136.8M
$106.4M
Q4 24
$93.7M
Q3 24
$136.3M
$90.7M
Q2 24
$140.5M
$93.2M
Net Profit
EXPO
EXPO
TPB
TPB
Q1 26
$29.6M
Q4 25
$28.0M
$8.2M
Q3 25
$26.6M
$21.1M
Q2 25
$26.6M
$14.5M
Q1 25
$23.6M
$14.4M
Q4 24
$2.4M
Q3 24
$26.0M
$12.4M
Q2 24
$29.2M
$13.0M
Gross Margin
EXPO
EXPO
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
EXPO
EXPO
TPB
TPB
Q1 26
24.9%
Q4 25
19.7%
16.5%
Q3 25
12.1%
21.8%
Q2 25
30.5%
22.6%
Q1 25
19.9%
21.8%
Q4 24
19.1%
Q3 24
19.0%
22.9%
Q2 24
25.4%
24.5%
Net Margin
EXPO
EXPO
TPB
TPB
Q1 26
17.8%
Q4 25
19.1%
6.8%
Q3 25
18.7%
17.7%
Q2 25
18.3%
12.4%
Q1 25
17.2%
13.5%
Q4 24
2.6%
Q3 24
19.1%
13.6%
Q2 24
20.8%
14.0%
EPS (diluted)
EXPO
EXPO
TPB
TPB
Q1 26
$0.59
Q4 25
$0.55
$0.40
Q3 25
$0.52
$1.13
Q2 25
$0.52
$0.79
Q1 25
$0.45
$0.79
Q4 24
$0.15
Q3 24
$0.50
$0.68
Q2 24
$0.57
$0.68

Balance Sheet & Financial Strength

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

Metric
EXPO
EXPO
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$118.6M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.3M
$372.0M
Total Assets
$687.4M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
TPB
TPB
Q1 26
$118.6M
Q4 25
$207.4M
$222.8M
Q3 25
$231.8M
$201.2M
Q2 25
$245.1M
$109.9M
Q1 25
$258.9M
$99.6M
Q4 24
$48.9M
Q3 24
$219.7M
$33.6M
Q2 24
$203.3M
$142.2M
Stockholders' Equity
EXPO
EXPO
TPB
TPB
Q1 26
$338.3M
Q4 25
$402.9M
$372.0M
Q3 25
$427.8M
$358.2M
Q2 25
$441.4M
$224.8M
Q1 25
$421.1M
$203.4M
Q4 24
$190.4M
Q3 24
$410.3M
$185.7M
Q2 24
$393.2M
$172.8M
Total Assets
EXPO
EXPO
TPB
TPB
Q1 26
$687.4M
Q4 25
$761.4M
$763.8M
Q3 25
$759.4M
$742.8M
Q2 25
$763.2M
$595.8M
Q1 25
$777.3M
$564.6M
Q4 24
$493.4M
Q3 24
$744.1M
$488.0M
Q2 24
$709.2M
$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
EXPO
EXPO
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
EXPO
EXPO
TPB
TPB
Q1 26
Q4 25
$32.7M
$24.9M
Q3 25
$36.2M
$3.3M
Q2 25
$7.3M
$11.8M
Q1 25
$56.1M
$17.4M
Q4 24
$17.7M
Q3 24
$29.7M
$13.2M
Q2 24
$48.3M
$13.4M
Free Cash Flow
EXPO
EXPO
TPB
TPB
Q1 26
Q4 25
$30.0M
$21.5M
Q3 25
$33.9M
$-721.0K
Q2 25
$5.5M
$7.8M
Q1 25
$53.5M
$15.2M
Q4 24
$16.6M
Q3 24
$28.0M
$12.6M
Q2 24
$47.2M
$10.9M
FCF Margin
EXPO
EXPO
TPB
TPB
Q1 26
Q4 25
20.4%
17.8%
Q3 25
23.9%
-0.6%
Q2 25
3.8%
6.7%
Q1 25
39.1%
14.3%
Q4 24
17.8%
Q3 24
20.5%
13.9%
Q2 24
33.6%
11.7%
Capex Intensity
EXPO
EXPO
TPB
TPB
Q1 26
Q4 25
1.8%
2.8%
Q3 25
1.6%
3.4%
Q2 25
1.2%
3.4%
Q1 25
1.9%
2.1%
Q4 24
1.2%
Q3 24
1.3%
0.7%
Q2 24
0.8%
2.7%
Cash Conversion
EXPO
EXPO
TPB
TPB
Q1 26
Q4 25
1.16×
3.03×
Q3 25
1.36×
0.16×
Q2 25
0.27×
0.82×
Q1 25
2.38×
1.21×
Q4 24
7.34×
Q3 24
1.14×
1.07×
Q2 24
1.65×
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$151.8M91%
Reimbursements$14.5M9%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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