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

GLAUKOS Corp is the larger business by last-quarter revenue ($150.6M vs $121.0M, roughly 1.2× Turning Point Brands, Inc.). Turning Point Brands, Inc. runs the higher net margin — 6.8% vs 6.2%, a 0.6% gap on every dollar of revenue. On growth, GLAUKOS Corp posted the faster year-over-year revenue change (41.2% vs 29.2%). Over the past eight quarters, GLAUKOS Corp's revenue compounded faster (25.4% CAGR vs 20.7%).

Glaukos Corp is a medical technology company focused on ophthalmology, developing and commercializing minimally invasive surgical devices, prescription pharmaceuticals and consumer products for glaucoma, corneal diseases and other eye disorders. It operates primarily across North America, Europe and Asia Pacific, serving hospitals, ophthalmology clinics and patients worldwide.

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.

GKOS vs TPB — Head-to-Head

Bigger by revenue
GKOS
GKOS
1.2× larger
GKOS
$150.6M
$121.0M
TPB
Growing faster (revenue YoY)
GKOS
GKOS
+12.0% gap
GKOS
41.2%
29.2%
TPB
Higher net margin
TPB
TPB
0.6% more per $
TPB
6.8%
6.2%
GKOS
Faster 2-yr revenue CAGR
GKOS
GKOS
Annualised
GKOS
25.4%
20.7%
TPB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GKOS
GKOS
TPB
TPB
Revenue
$150.6M
$121.0M
Net Profit
$9.4M
$8.2M
Gross Margin
77.9%
55.9%
Operating Margin
9.0%
16.5%
Net Margin
6.2%
6.8%
Revenue YoY
41.2%
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
GKOS
GKOS
TPB
TPB
Q1 26
$150.6M
Q4 25
$143.1M
$121.0M
Q3 25
$133.5M
$119.0M
Q2 25
$124.1M
$116.6M
Q1 25
$106.7M
$106.4M
Q4 24
$105.5M
$93.7M
Q3 24
$96.7M
$90.7M
Q2 24
$95.7M
$93.2M
Net Profit
GKOS
GKOS
TPB
TPB
Q1 26
$9.4M
Q4 25
$-133.7M
$8.2M
Q3 25
$-16.2M
$21.1M
Q2 25
$-19.7M
$14.5M
Q1 25
$-18.1M
$14.4M
Q4 24
$-33.6M
$2.4M
Q3 24
$-21.4M
$12.4M
Q2 24
$-50.5M
$13.0M
Gross Margin
GKOS
GKOS
TPB
TPB
Q1 26
77.9%
Q4 25
-1.1%
55.9%
Q3 25
78.4%
59.2%
Q2 25
78.3%
57.1%
Q1 25
77.2%
56.0%
Q4 24
72.9%
56.0%
Q3 24
76.6%
55.6%
Q2 24
76.4%
54.1%
Operating Margin
GKOS
GKOS
TPB
TPB
Q1 26
9.0%
Q4 25
-97.7%
16.5%
Q3 25
-12.3%
21.8%
Q2 25
-18.3%
22.6%
Q1 25
-19.4%
21.8%
Q4 24
-27.2%
19.1%
Q3 24
-25.5%
22.9%
Q2 24
-31.3%
24.5%
Net Margin
GKOS
GKOS
TPB
TPB
Q1 26
6.2%
Q4 25
-93.4%
6.8%
Q3 25
-12.2%
17.7%
Q2 25
-15.8%
12.4%
Q1 25
-17.0%
13.5%
Q4 24
-31.8%
2.6%
Q3 24
-22.1%
13.6%
Q2 24
-52.8%
14.0%
EPS (diluted)
GKOS
GKOS
TPB
TPB
Q1 26
Q4 25
$-2.34
$0.40
Q3 25
$-0.28
$1.13
Q2 25
$-0.34
$0.79
Q1 25
$-0.32
$0.79
Q4 24
$-0.56
$0.15
Q3 24
$-0.39
$0.68
Q2 24
$-1.00
$0.68

Balance Sheet & Financial Strength

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

Metric
GKOS
GKOS
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$276.7M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$670.9M
$372.0M
Total Assets
$893.3M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GKOS
GKOS
TPB
TPB
Q1 26
$276.7M
Q4 25
$90.8M
$222.8M
Q3 25
$98.2M
$201.2M
Q2 25
$100.8M
$109.9M
Q1 25
$114.3M
$99.6M
Q4 24
$169.6M
$48.9M
Q3 24
$100.1M
$33.6M
Q2 24
$68.1M
$142.2M
Stockholders' Equity
GKOS
GKOS
TPB
TPB
Q1 26
$670.9M
Q4 25
$656.2M
$372.0M
Q3 25
$769.5M
$358.2M
Q2 25
$765.1M
$224.8M
Q1 25
$764.0M
$203.4M
Q4 24
$766.9M
$190.4M
Q3 24
$668.5M
$185.7M
Q2 24
$665.2M
$172.8M
Total Assets
GKOS
GKOS
TPB
TPB
Q1 26
$893.3M
Q4 25
$893.5M
$763.8M
Q3 25
$999.4M
$742.8M
Q2 25
$987.0M
$595.8M
Q1 25
$966.2M
$564.6M
Q4 24
$974.8M
$493.4M
Q3 24
$926.5M
$488.0M
Q2 24
$919.7M
$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
GKOS
GKOS
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
GKOS
GKOS
TPB
TPB
Q1 26
Q4 25
$6.8M
$24.9M
Q3 25
$-10.1M
$3.3M
Q2 25
$7.0M
$11.8M
Q1 25
$-18.5M
$17.4M
Q4 24
$507.0K
$17.7M
Q3 24
$-9.6M
$13.2M
Q2 24
$-18.4M
$13.4M
Free Cash Flow
GKOS
GKOS
TPB
TPB
Q1 26
Q4 25
$3.9M
$21.5M
Q3 25
$-11.7M
$-721.0K
Q2 25
$5.8M
$7.8M
Q1 25
$-20.5M
$15.2M
Q4 24
$-1.2M
$16.6M
Q3 24
$-11.0M
$12.6M
Q2 24
$-20.5M
$10.9M
FCF Margin
GKOS
GKOS
TPB
TPB
Q1 26
Q4 25
2.7%
17.8%
Q3 25
-8.8%
-0.6%
Q2 25
4.7%
6.7%
Q1 25
-19.2%
14.3%
Q4 24
-1.2%
17.8%
Q3 24
-11.4%
13.9%
Q2 24
-21.4%
11.7%
Capex Intensity
GKOS
GKOS
TPB
TPB
Q1 26
Q4 25
2.0%
2.8%
Q3 25
1.2%
3.4%
Q2 25
0.9%
3.4%
Q1 25
1.8%
2.1%
Q4 24
1.6%
1.2%
Q3 24
1.5%
0.7%
Q2 24
2.2%
2.7%
Cash Conversion
GKOS
GKOS
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

GKOS
GKOS

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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