vs

Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.1× Granite Ridge Resources, Inc.). On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs -0.8%). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 8.9%).

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

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.

GRNT vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.1× larger
TPB
$121.0M
$105.5M
GRNT
Growing faster (revenue YoY)
TPB
TPB
+30.0% gap
TPB
29.2%
-0.8%
GRNT
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
8.9%
GRNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRNT
GRNT
TPB
TPB
Revenue
$105.5M
$121.0M
Net Profit
$8.2M
Gross Margin
55.9%
Operating Margin
-34.5%
16.5%
Net Margin
6.8%
Revenue YoY
-0.8%
29.2%
Net Profit YoY
239.8%
EPS (diluted)
$-0.19
$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
GRNT
GRNT
TPB
TPB
Q4 25
$105.5M
$121.0M
Q3 25
$112.7M
$119.0M
Q2 25
$109.2M
$116.6M
Q1 25
$122.9M
$106.4M
Q4 24
$106.3M
$93.7M
Q3 24
$94.1M
$90.7M
Q2 24
$90.7M
$93.2M
Q1 24
$89.0M
$83.1M
Net Profit
GRNT
GRNT
TPB
TPB
Q4 25
$8.2M
Q3 25
$14.5M
$21.1M
Q2 25
$25.1M
$14.5M
Q1 25
$9.8M
$14.4M
Q4 24
$2.4M
Q3 24
$9.1M
$12.4M
Q2 24
$5.1M
$13.0M
Q1 24
$16.2M
$12.0M
Gross Margin
GRNT
GRNT
TPB
TPB
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%
Q1 24
58.2%
Operating Margin
GRNT
GRNT
TPB
TPB
Q4 25
-34.5%
16.5%
Q3 25
17.4%
21.8%
Q2 25
19.0%
22.6%
Q1 25
34.6%
21.8%
Q4 24
-6.5%
19.1%
Q3 24
26.2%
22.9%
Q2 24
24.1%
24.5%
Q1 24
22.0%
23.2%
Net Margin
GRNT
GRNT
TPB
TPB
Q4 25
6.8%
Q3 25
12.9%
17.7%
Q2 25
23.0%
12.4%
Q1 25
8.0%
13.5%
Q4 24
2.6%
Q3 24
9.6%
13.6%
Q2 24
5.6%
14.0%
Q1 24
18.2%
14.5%
EPS (diluted)
GRNT
GRNT
TPB
TPB
Q4 25
$-0.19
$0.40
Q3 25
$0.11
$1.13
Q2 25
$0.19
$0.79
Q1 25
$0.07
$0.79
Q4 24
$-0.09
$0.15
Q3 24
$0.07
$0.68
Q2 24
$0.04
$0.68
Q1 24
$0.12
$0.63

Balance Sheet & Financial Strength

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

Metric
GRNT
GRNT
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$222.8M
Total DebtLower is stronger
$367.8M
Stockholders' EquityBook value
$605.8M
$372.0M
Total Assets
$1.2B
$763.8M
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRNT
GRNT
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
GRNT
GRNT
TPB
TPB
Q4 25
$367.8M
Q3 25
$300.0M
Q2 25
$275.0M
Q1 25
$250.0M
Q4 24
$205.0M
Q3 24
Q2 24
Q1 24
$137.5M
Stockholders' Equity
GRNT
GRNT
TPB
TPB
Q4 25
$605.8M
$372.0M
Q3 25
$643.9M
$358.2M
Q2 25
$642.5M
$224.8M
Q1 25
$631.4M
$203.4M
Q4 24
$635.4M
$190.4M
Q3 24
$660.6M
$185.7M
Q2 24
$665.3M
$172.8M
Q1 24
$674.0M
$160.0M
Total Assets
GRNT
GRNT
TPB
TPB
Q4 25
$1.2B
$763.8M
Q3 25
$1.1B
$742.8M
Q2 25
$1.1B
$595.8M
Q1 25
$1.1B
$564.6M
Q4 24
$1.0B
$493.4M
Q3 24
$1.0B
$488.0M
Q2 24
$990.5M
$591.6M
Q1 24
$966.7M
$586.3M
Debt / Equity
GRNT
GRNT
TPB
TPB
Q4 25
0.61×
Q3 25
0.47×
Q2 25
0.43×
Q1 25
0.40×
Q4 24
0.32×
Q3 24
Q2 24
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
GRNT
GRNT
TPB
TPB
Operating Cash FlowLast quarter
$64.5M
$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
GRNT
GRNT
TPB
TPB
Q4 25
$64.5M
$24.9M
Q3 25
$77.8M
$3.3M
Q2 25
$78.0M
$11.8M
Q1 25
$76.1M
$17.4M
Q4 24
$68.2M
$17.7M
Q3 24
$74.7M
$13.2M
Q2 24
$64.2M
$13.4M
Q1 24
$68.7M
$22.6M
Free Cash Flow
GRNT
GRNT
TPB
TPB
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
Q1 24
$22.3M
FCF Margin
GRNT
GRNT
TPB
TPB
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%
Q1 24
26.8%
Capex Intensity
GRNT
GRNT
TPB
TPB
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%
Q1 24
0.4%
Cash Conversion
GRNT
GRNT
TPB
TPB
Q4 25
3.03×
Q3 25
5.36×
0.16×
Q2 25
3.11×
0.82×
Q1 25
7.75×
1.21×
Q4 24
7.34×
Q3 24
8.25×
1.07×
Q2 24
12.58×
1.03×
Q1 24
4.23×
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRNT
GRNT

Oil And Gas Service$87.6M83%
Natural Gas Storage$17.9M17%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

Related Comparisons