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Side-by-side financial comparison of Fulgent Genetics, Inc. (FLGT) 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 $71.1M, roughly 1.7× Fulgent Genetics, Inc.). On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs -3.2%). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 0.1%).

Fulgent Genetics, Inc. is a molecular diagnostics technology firm that develops and offers genetic testing services including carrier screening, oncology testing, infectious disease detection, and hereditary condition analysis, serving clinical providers, pharma firms, research institutions and public health groups primarily in North America.

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.

FLGT vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.7× larger
TPB
$121.0M
$71.1M
FLGT
Growing faster (revenue YoY)
TPB
TPB
+32.4% gap
TPB
29.2%
-3.2%
FLGT
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
0.1%
FLGT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLGT
FLGT
TPB
TPB
Revenue
$71.1M
$121.0M
Net Profit
$8.2M
Gross Margin
30.2%
55.9%
Operating Margin
21.1%
16.5%
Net Margin
6.8%
Revenue YoY
-3.2%
29.2%
Net Profit YoY
239.8%
EPS (diluted)
$0.04
$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
FLGT
FLGT
TPB
TPB
Q1 26
$71.1M
Q4 25
$83.3M
$121.0M
Q3 25
$84.1M
$119.0M
Q2 25
$81.8M
$116.6M
Q1 25
$73.5M
$106.4M
Q4 24
$76.2M
$93.7M
Q3 24
$71.7M
$90.7M
Q2 24
$71.0M
$93.2M
Net Profit
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
$-23.4M
$8.2M
Q3 25
$-6.6M
$21.1M
Q2 25
$-19.0M
$14.5M
Q1 25
$-11.5M
$14.4M
Q4 24
$-5.9M
$2.4M
Q3 24
$-14.6M
$12.4M
Q2 24
$-8.7M
$13.0M
Gross Margin
FLGT
FLGT
TPB
TPB
Q1 26
30.2%
Q4 25
39.1%
55.9%
Q3 25
42.2%
59.2%
Q2 25
42.1%
57.1%
Q1 25
38.6%
56.0%
Q4 24
41.8%
56.0%
Q3 24
37.3%
55.6%
Q2 24
37.3%
54.1%
Operating Margin
FLGT
FLGT
TPB
TPB
Q1 26
21.1%
Q4 25
-43.5%
16.5%
Q3 25
-18.3%
21.8%
Q2 25
-24.1%
22.6%
Q1 25
-26.9%
21.8%
Q4 24
-21.2%
19.1%
Q3 24
-23.8%
22.9%
Q2 24
-26.6%
24.5%
Net Margin
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
-28.1%
6.8%
Q3 25
-7.9%
17.7%
Q2 25
-23.2%
12.4%
Q1 25
-15.7%
13.5%
Q4 24
-7.7%
2.6%
Q3 24
-20.4%
13.6%
Q2 24
-12.3%
14.0%
EPS (diluted)
FLGT
FLGT
TPB
TPB
Q1 26
$0.04
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
FLGT
FLGT
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$23.4M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$372.0M
Total Assets
$1.2B
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLGT
FLGT
TPB
TPB
Q1 26
$23.4M
Q4 25
$50.2M
$222.8M
Q3 25
$117.6M
$201.2M
Q2 25
$87.9M
$109.9M
Q1 25
$67.3M
$99.6M
Q4 24
$55.1M
$48.9M
Q3 24
$58.0M
$33.6M
Q2 24
$65.1M
$142.2M
Stockholders' Equity
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
$1.1B
$372.0M
Q3 25
$1.1B
$358.2M
Q2 25
$1.1B
$224.8M
Q1 25
$1.1B
$203.4M
Q4 24
$1.1B
$190.4M
Q3 24
$1.1B
$185.7M
Q2 24
$1.1B
$172.8M
Total Assets
FLGT
FLGT
TPB
TPB
Q1 26
$1.2B
Q4 25
$1.2B
$763.8M
Q3 25
$1.2B
$742.8M
Q2 25
$1.2B
$595.8M
Q1 25
$1.2B
$564.6M
Q4 24
$1.2B
$493.4M
Q3 24
$1.2B
$488.0M
Q2 24
$1.2B
$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
FLGT
FLGT
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
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
$-78.1M
$24.9M
Q3 25
$11.1M
$3.3M
Q2 25
$-30.2M
$11.8M
Q1 25
$-4.4M
$17.4M
Q4 24
$25.0M
$17.7M
Q3 24
$-15.5M
$13.2M
Q2 24
$4.3M
$13.4M
Free Cash Flow
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
$-83.1M
$21.5M
Q3 25
$5.1M
$-721.0K
Q2 25
$-37.0M
$7.8M
Q1 25
$-9.1M
$15.2M
Q4 24
$21.2M
$16.6M
Q3 24
$-35.0M
$12.6M
Q2 24
$-8.7M
$10.9M
FCF Margin
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
-99.7%
17.8%
Q3 25
6.0%
-0.6%
Q2 25
-45.2%
6.7%
Q1 25
-12.5%
14.3%
Q4 24
27.9%
17.8%
Q3 24
-48.8%
13.9%
Q2 24
-12.2%
11.7%
Capex Intensity
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
6.0%
2.8%
Q3 25
7.2%
3.4%
Q2 25
8.3%
3.4%
Q1 25
6.4%
2.1%
Q4 24
5.0%
1.2%
Q3 24
27.2%
0.7%
Q2 24
18.2%
2.7%
Cash Conversion
FLGT
FLGT
TPB
TPB
Q1 26
Q4 25
3.03×
Q3 25
0.16×
Q2 25
0.82×
Q1 25
1.21×
Q4 24
7.34×
Q3 24
1.07×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLGT
FLGT

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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