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Side-by-side financial comparison of Orion Group Holdings Inc (ORN) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

Orion Group Holdings Inc is the larger business by last-quarter revenue ($216.3M vs $121.0M, roughly 1.8× Turning Point Brands, Inc.). Turning Point Brands, Inc. runs the higher net margin — 6.8% vs 2.2%, a 4.6% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 14.6%). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 6.1%).

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

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.

ORN vs TPB — Head-to-Head

Bigger by revenue
ORN
ORN
1.8× larger
ORN
$216.3M
$121.0M
TPB
Growing faster (revenue YoY)
TPB
TPB
+14.6% gap
TPB
29.2%
14.6%
ORN
Higher net margin
TPB
TPB
4.6% more per $
TPB
6.8%
2.2%
ORN
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
6.1%
ORN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ORN
ORN
TPB
TPB
Revenue
$216.3M
$121.0M
Net Profit
$4.7M
$8.2M
Gross Margin
12.0%
55.9%
Operating Margin
16.5%
Net Margin
2.2%
6.8%
Revenue YoY
14.6%
29.2%
Net Profit YoY
435.7%
239.8%
EPS (diluted)
$0.12
$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
ORN
ORN
TPB
TPB
Q1 26
$216.3M
Q4 25
$233.2M
$121.0M
Q3 25
$225.1M
$119.0M
Q2 25
$205.3M
$116.6M
Q1 25
$188.7M
$106.4M
Q4 24
$216.9M
$93.7M
Q3 24
$226.7M
$90.7M
Q2 24
$192.2M
$93.2M
Net Profit
ORN
ORN
TPB
TPB
Q1 26
$4.7M
Q4 25
$-240.0K
$8.2M
Q3 25
$3.3M
$21.1M
Q2 25
$841.0K
$14.5M
Q1 25
$-1.4M
$14.4M
Q4 24
$6.8M
$2.4M
Q3 24
$4.3M
$12.4M
Q2 24
$-6.6M
$13.0M
Gross Margin
ORN
ORN
TPB
TPB
Q1 26
12.0%
Q4 25
11.6%
55.9%
Q3 25
13.2%
59.2%
Q2 25
12.6%
57.1%
Q1 25
12.2%
56.0%
Q4 24
14.0%
56.0%
Q3 24
11.9%
55.6%
Q2 24
9.5%
54.1%
Operating Margin
ORN
ORN
TPB
TPB
Q1 26
Q4 25
2.2%
16.5%
Q3 25
2.4%
21.8%
Q2 25
1.7%
22.6%
Q1 25
0.4%
21.8%
Q4 24
4.4%
19.1%
Q3 24
3.4%
22.9%
Q2 24
-1.4%
24.5%
Net Margin
ORN
ORN
TPB
TPB
Q1 26
2.2%
Q4 25
-0.1%
6.8%
Q3 25
1.5%
17.7%
Q2 25
0.4%
12.4%
Q1 25
-0.7%
13.5%
Q4 24
3.1%
2.6%
Q3 24
1.9%
13.6%
Q2 24
-3.4%
14.0%
EPS (diluted)
ORN
ORN
TPB
TPB
Q1 26
$0.12
Q4 25
$-0.00
$0.40
Q3 25
$0.08
$1.13
Q2 25
$0.02
$0.79
Q1 25
$-0.04
$0.79
Q4 24
$0.22
$0.15
Q3 24
$0.12
$0.68
Q2 24
$-0.20
$0.68

Balance Sheet & Financial Strength

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

Metric
ORN
ORN
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$6.3M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.7M
$372.0M
Total Assets
$478.7M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORN
ORN
TPB
TPB
Q1 26
$6.3M
Q4 25
$1.6M
$222.8M
Q3 25
$4.9M
$201.2M
Q2 25
$1.7M
$109.9M
Q1 25
$13.0M
$99.6M
Q4 24
$28.3M
$48.9M
Q3 24
$28.3M
$33.6M
Q2 24
$4.8M
$142.2M
Total Debt
ORN
ORN
TPB
TPB
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
ORN
ORN
TPB
TPB
Q1 26
$166.7M
Q4 25
$159.0M
$372.0M
Q3 25
$157.9M
$358.2M
Q2 25
$153.2M
$224.8M
Q1 25
$150.8M
$203.4M
Q4 24
$150.7M
$190.4M
Q3 24
$142.4M
$185.7M
Q2 24
$111.1M
$172.8M
Total Assets
ORN
ORN
TPB
TPB
Q1 26
$478.7M
Q4 25
$414.7M
$763.8M
Q3 25
$422.4M
$742.8M
Q2 25
$432.7M
$595.8M
Q1 25
$416.3M
$564.6M
Q4 24
$417.3M
$493.4M
Q3 24
$430.3M
$488.0M
Q2 24
$414.0M
$591.6M
Debt / Equity
ORN
ORN
TPB
TPB
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

Cash Flow & Capital Efficiency

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

Metric
ORN
ORN
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
ORN
ORN
TPB
TPB
Q1 26
Q4 25
$13.8M
$24.9M
Q3 25
$23.3M
$3.3M
Q2 25
$-5.6M
$11.8M
Q1 25
$-3.4M
$17.4M
Q4 24
$13.4M
$17.7M
Q3 24
$37.5M
$13.2M
Q2 24
$-15.3M
$13.4M
Free Cash Flow
ORN
ORN
TPB
TPB
Q1 26
Q4 25
$454.0K
$21.5M
Q3 25
$13.9M
$-721.0K
Q2 25
$-12.7M
$7.8M
Q1 25
$-12.5M
$15.2M
Q4 24
$9.9M
$16.6M
Q3 24
$33.3M
$12.6M
Q2 24
$-20.0M
$10.9M
FCF Margin
ORN
ORN
TPB
TPB
Q1 26
Q4 25
0.2%
17.8%
Q3 25
6.2%
-0.6%
Q2 25
-6.2%
6.7%
Q1 25
-6.6%
14.3%
Q4 24
4.6%
17.8%
Q3 24
14.7%
13.9%
Q2 24
-10.4%
11.7%
Capex Intensity
ORN
ORN
TPB
TPB
Q1 26
Q4 25
5.7%
2.8%
Q3 25
4.2%
3.4%
Q2 25
3.5%
3.4%
Q1 25
4.8%
2.1%
Q4 24
1.6%
1.2%
Q3 24
1.8%
0.7%
Q2 24
2.4%
2.7%
Cash Conversion
ORN
ORN
TPB
TPB
Q1 26
Q4 25
3.03×
Q3 25
7.05×
0.16×
Q2 25
-6.61×
0.82×
Q1 25
1.21×
Q4 24
1.98×
7.34×
Q3 24
8.79×
1.07×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORN
ORN

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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