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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) 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 $105.1M, roughly 1.2× OLAPLEX HOLDINGS, INC.). Turning Point Brands, Inc. runs the higher net margin — 6.8% vs -12.5%, a 19.2% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $21.5M). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 3.1%).

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

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.

OLPX vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.2× larger
TPB
$121.0M
$105.1M
OLPX
Growing faster (revenue YoY)
TPB
TPB
+24.8% gap
TPB
29.2%
4.3%
OLPX
Higher net margin
TPB
TPB
19.2% more per $
TPB
6.8%
-12.5%
OLPX
More free cash flow
OLPX
OLPX
$11.1M more FCF
OLPX
$32.6M
$21.5M
TPB
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
3.1%
OLPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OLPX
OLPX
TPB
TPB
Revenue
$105.1M
$121.0M
Net Profit
$-13.1M
$8.2M
Gross Margin
68.0%
55.9%
Operating Margin
-4.3%
16.5%
Net Margin
-12.5%
6.8%
Revenue YoY
4.3%
29.2%
Net Profit YoY
-48.9%
239.8%
EPS (diluted)
$-0.02
$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
OLPX
OLPX
TPB
TPB
Q4 25
$105.1M
$121.0M
Q3 25
$114.6M
$119.0M
Q2 25
$106.3M
$116.6M
Q1 25
$97.0M
$106.4M
Q4 24
$100.7M
$93.7M
Q3 24
$119.1M
$90.7M
Q2 24
$103.9M
$93.2M
Q1 24
$98.9M
$83.1M
Net Profit
OLPX
OLPX
TPB
TPB
Q4 25
$-13.1M
$8.2M
Q3 25
$11.1M
$21.1M
Q2 25
$-7.7M
$14.5M
Q1 25
$465.0K
$14.4M
Q4 24
$-8.8M
$2.4M
Q3 24
$14.8M
$12.4M
Q2 24
$5.8M
$13.0M
Q1 24
$7.7M
$12.0M
Gross Margin
OLPX
OLPX
TPB
TPB
Q4 25
68.0%
55.9%
Q3 25
69.1%
59.2%
Q2 25
71.2%
57.1%
Q1 25
69.5%
56.0%
Q4 24
66.3%
56.0%
Q3 24
68.6%
55.6%
Q2 24
69.7%
54.1%
Q1 24
72.1%
58.2%
Operating Margin
OLPX
OLPX
TPB
TPB
Q4 25
-4.3%
16.5%
Q3 25
3.7%
21.8%
Q2 25
-1.1%
22.6%
Q1 25
8.7%
21.8%
Q4 24
3.0%
19.1%
Q3 24
23.5%
22.9%
Q2 24
15.7%
24.5%
Q1 24
19.8%
23.2%
Net Margin
OLPX
OLPX
TPB
TPB
Q4 25
-12.5%
6.8%
Q3 25
9.7%
17.7%
Q2 25
-7.3%
12.4%
Q1 25
0.5%
13.5%
Q4 24
-8.7%
2.6%
Q3 24
12.4%
13.6%
Q2 24
5.6%
14.0%
Q1 24
7.8%
14.5%
EPS (diluted)
OLPX
OLPX
TPB
TPB
Q4 25
$-0.02
$0.40
Q3 25
$0.02
$1.13
Q2 25
$-0.01
$0.79
Q1 25
$0.00
$0.79
Q4 24
$-0.01
$0.15
Q3 24
$0.02
$0.68
Q2 24
$0.01
$0.68
Q1 24
$0.01
$0.63

Balance Sheet & Financial Strength

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

Metric
OLPX
OLPX
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$318.7M
$222.8M
Total DebtLower is stronger
$352.3M
Stockholders' EquityBook value
$879.4M
$372.0M
Total Assets
$1.5B
$763.8M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OLPX
OLPX
TPB
TPB
Q4 25
$318.7M
$222.8M
Q3 25
$286.4M
$201.2M
Q2 25
$289.3M
$109.9M
Q1 25
$580.9M
$99.6M
Q4 24
$586.0M
$48.9M
Q3 24
$538.8M
$33.6M
Q2 24
$507.9M
$142.2M
Q1 24
$507.5M
$130.9M
Total Debt
OLPX
OLPX
TPB
TPB
Q4 25
$352.3M
Q3 25
$352.1M
Q2 25
$351.9M
Q1 25
$649.1M
Q4 24
$650.5M
Q3 24
$651.8M
Q2 24
$653.1M
Q1 24
$654.4M
Stockholders' Equity
OLPX
OLPX
TPB
TPB
Q4 25
$879.4M
$372.0M
Q3 25
$888.7M
$358.2M
Q2 25
$874.2M
$224.8M
Q1 25
$878.3M
$203.4M
Q4 24
$874.4M
$190.4M
Q3 24
$879.7M
$185.7M
Q2 24
$863.3M
$172.8M
Q1 24
$855.7M
$160.0M
Total Assets
OLPX
OLPX
TPB
TPB
Q4 25
$1.5B
$763.8M
Q3 25
$1.5B
$742.8M
Q2 25
$1.5B
$595.8M
Q1 25
$1.8B
$564.6M
Q4 24
$1.8B
$493.4M
Q3 24
$1.8B
$488.0M
Q2 24
$1.8B
$591.6M
Q1 24
$1.8B
$586.3M
Debt / Equity
OLPX
OLPX
TPB
TPB
Q4 25
0.40×
Q3 25
0.40×
Q2 25
0.40×
Q1 25
0.74×
Q4 24
0.74×
Q3 24
0.74×
Q2 24
0.76×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
OLPX
OLPX
TPB
TPB
Operating Cash FlowLast quarter
$32.7M
$24.9M
Free Cash FlowOCF − Capex
$32.6M
$21.5M
FCF MarginFCF / Revenue
31.0%
17.8%
Capex IntensityCapex / Revenue
0.1%
2.8%
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters
$58.3M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OLPX
OLPX
TPB
TPB
Q4 25
$32.7M
$24.9M
Q3 25
$8.0M
$3.3M
Q2 25
$20.9M
$11.8M
Q1 25
$-2.9M
$17.4M
Q4 24
$49.7M
$17.7M
Q3 24
$33.5M
$13.2M
Q2 24
$16.2M
$13.4M
Q1 24
$43.7M
$22.6M
Free Cash Flow
OLPX
OLPX
TPB
TPB
Q4 25
$32.6M
$21.5M
Q3 25
$7.9M
$-721.0K
Q2 25
$20.8M
$7.8M
Q1 25
$-3.0M
$15.2M
Q4 24
$49.2M
$16.6M
Q3 24
$33.3M
$12.6M
Q2 24
$16.1M
$10.9M
Q1 24
$43.3M
$22.3M
FCF Margin
OLPX
OLPX
TPB
TPB
Q4 25
31.0%
17.8%
Q3 25
6.9%
-0.6%
Q2 25
19.6%
6.7%
Q1 25
-3.1%
14.3%
Q4 24
48.9%
17.8%
Q3 24
28.0%
13.9%
Q2 24
15.5%
11.7%
Q1 24
43.7%
26.8%
Capex Intensity
OLPX
OLPX
TPB
TPB
Q4 25
0.1%
2.8%
Q3 25
0.1%
3.4%
Q2 25
0.1%
3.4%
Q1 25
0.0%
2.1%
Q4 24
0.4%
1.2%
Q3 24
0.1%
0.7%
Q2 24
0.1%
2.7%
Q1 24
0.5%
0.4%
Cash Conversion
OLPX
OLPX
TPB
TPB
Q4 25
3.03×
Q3 25
0.72×
0.16×
Q2 25
0.82×
Q1 25
-6.27×
1.21×
Q4 24
7.34×
Q3 24
2.26×
1.07×
Q2 24
2.81×
1.03×
Q1 24
5.64×
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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