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Side-by-side financial comparison of INNODATA INC (INOD) 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 $72.4M, roughly 1.7× INNODATA INC). INNODATA INC runs the higher net margin — 12.2% vs 6.8%, a 5.4% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 22.3%). Turning Point Brands, Inc. produced more free cash flow last quarter ($21.5M vs $10.1M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs 20.7%).

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

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.

INOD vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.7× larger
TPB
$121.0M
$72.4M
INOD
Growing faster (revenue YoY)
TPB
TPB
+6.9% gap
TPB
29.2%
22.3%
INOD
Higher net margin
INOD
INOD
5.4% more per $
INOD
12.2%
6.8%
TPB
More free cash flow
TPB
TPB
$11.4M more FCF
TPB
$21.5M
$10.1M
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
20.7%
TPB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INOD
INOD
TPB
TPB
Revenue
$72.4M
$121.0M
Net Profit
$8.8M
$8.2M
Gross Margin
38.3%
55.9%
Operating Margin
15.1%
16.5%
Net Margin
12.2%
6.8%
Revenue YoY
22.3%
29.2%
Net Profit YoY
-14.2%
239.8%
EPS (diluted)
$0.26
$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
INOD
INOD
TPB
TPB
Q4 25
$72.4M
$121.0M
Q3 25
$62.5M
$119.0M
Q2 25
$58.4M
$116.6M
Q1 25
$58.3M
$106.4M
Q4 24
$59.2M
$93.7M
Q3 24
$52.2M
$90.7M
Q2 24
$32.6M
$93.2M
Q1 24
$26.5M
$83.1M
Net Profit
INOD
INOD
TPB
TPB
Q4 25
$8.8M
$8.2M
Q3 25
$8.3M
$21.1M
Q2 25
$7.2M
$14.5M
Q1 25
$7.8M
$14.4M
Q4 24
$10.3M
$2.4M
Q3 24
$17.4M
$12.4M
Q2 24
$-14.0K
$13.0M
Q1 24
$989.0K
$12.0M
Gross Margin
INOD
INOD
TPB
TPB
Q4 25
38.3%
55.9%
Q3 25
40.8%
59.2%
Q2 25
39.4%
57.1%
Q1 25
39.9%
56.0%
Q4 24
45.2%
56.0%
Q3 24
40.8%
55.6%
Q2 24
28.7%
54.1%
Q1 24
36.4%
58.2%
Operating Margin
INOD
INOD
TPB
TPB
Q4 25
15.1%
16.5%
Q3 25
18.8%
21.8%
Q2 25
15.3%
22.6%
Q1 25
14.2%
21.8%
Q4 24
19.0%
19.1%
Q3 24
21.9%
22.9%
Q2 24
1.0%
24.5%
Q1 24
5.0%
23.2%
Net Margin
INOD
INOD
TPB
TPB
Q4 25
12.2%
6.8%
Q3 25
13.3%
17.7%
Q2 25
12.4%
12.4%
Q1 25
13.3%
13.5%
Q4 24
17.4%
2.6%
Q3 24
33.3%
13.6%
Q2 24
-0.0%
14.0%
Q1 24
3.7%
14.5%
EPS (diluted)
INOD
INOD
TPB
TPB
Q4 25
$0.26
$0.40
Q3 25
$0.24
$1.13
Q2 25
$0.20
$0.79
Q1 25
$0.22
$0.79
Q4 24
$0.35
$0.15
Q3 24
$0.51
$0.68
Q2 24
$0.00
$0.68
Q1 24
$0.03
$0.63

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$82.2M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$107.1M
$372.0M
Total Assets
$168.6M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
TPB
TPB
Q4 25
$82.2M
$222.8M
Q3 25
$73.9M
$201.2M
Q2 25
$59.8M
$109.9M
Q1 25
$56.6M
$99.6M
Q4 24
$46.9M
$48.9M
Q3 24
$26.4M
$33.6M
Q2 24
$16.5M
$142.2M
Q1 24
$19.0M
$130.9M
Stockholders' Equity
INOD
INOD
TPB
TPB
Q4 25
$107.1M
$372.0M
Q3 25
$97.3M
$358.2M
Q2 25
$86.7M
$224.8M
Q1 25
$75.5M
$203.4M
Q4 24
$63.5M
$190.4M
Q3 24
$47.7M
$185.7M
Q2 24
$29.0M
$172.8M
Q1 24
$27.6M
$160.0M
Total Assets
INOD
INOD
TPB
TPB
Q4 25
$168.6M
$763.8M
Q3 25
$152.9M
$742.8M
Q2 25
$132.6M
$595.8M
Q1 25
$125.2M
$564.6M
Q4 24
$113.4M
$493.4M
Q3 24
$88.2M
$488.0M
Q2 24
$66.0M
$591.6M
Q1 24
$63.6M
$586.3M

Cash Flow & Capital Efficiency

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

Metric
INOD
INOD
TPB
TPB
Operating Cash FlowLast quarter
$12.9M
$24.9M
Free Cash FlowOCF − Capex
$10.1M
$21.5M
FCF MarginFCF / Revenue
13.9%
17.8%
Capex IntensityCapex / Revenue
3.9%
2.8%
Cash ConversionOCF / Net Profit
1.46×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$35.6M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
TPB
TPB
Q4 25
$12.9M
$24.9M
Q3 25
$18.8M
$3.3M
Q2 25
$4.2M
$11.8M
Q1 25
$10.9M
$17.4M
Q4 24
$17.2M
$17.7M
Q3 24
$11.4M
$13.2M
Q2 24
$-454.0K
$13.4M
Q1 24
$6.8M
$22.6M
Free Cash Flow
INOD
INOD
TPB
TPB
Q4 25
$10.1M
$21.5M
Q3 25
$14.5M
$-721.0K
Q2 25
$2.5M
$7.8M
Q1 25
$8.5M
$15.2M
Q4 24
$15.0M
$16.6M
Q3 24
$9.9M
$12.6M
Q2 24
$-3.2M
$10.9M
Q1 24
$5.4M
$22.3M
FCF Margin
INOD
INOD
TPB
TPB
Q4 25
13.9%
17.8%
Q3 25
23.2%
-0.6%
Q2 25
4.3%
6.7%
Q1 25
14.6%
14.3%
Q4 24
25.3%
17.8%
Q3 24
19.0%
13.9%
Q2 24
-9.8%
11.7%
Q1 24
20.5%
26.8%
Capex Intensity
INOD
INOD
TPB
TPB
Q4 25
3.9%
2.8%
Q3 25
6.8%
3.4%
Q2 25
2.9%
3.4%
Q1 25
4.0%
2.1%
Q4 24
3.7%
1.2%
Q3 24
2.8%
0.7%
Q2 24
8.4%
2.7%
Q1 24
5.1%
0.4%
Cash Conversion
INOD
INOD
TPB
TPB
Q4 25
1.46×
3.03×
Q3 25
2.25×
0.16×
Q2 25
0.59×
0.82×
Q1 25
1.40×
1.21×
Q4 24
1.67×
7.34×
Q3 24
0.65×
1.07×
Q2 24
1.03×
Q1 24
6.84×
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INOD
INOD

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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