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Side-by-side financial comparison of PARK NATIONAL CORP (PRK) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $121.0M, roughly 1.4× Turning Point Brands, Inc.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 6.8%, a 18.6% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $21.5M). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 4.9%).

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

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.

PRK vs TPB — Head-to-Head

Bigger by revenue
PRK
PRK
1.4× larger
PRK
$168.3M
$121.0M
TPB
Growing faster (revenue YoY)
TPB
TPB
+27.0% gap
TPB
29.2%
2.2%
PRK
Higher net margin
PRK
PRK
18.6% more per $
PRK
25.3%
6.8%
TPB
More free cash flow
PRK
PRK
$170.4M more FCF
PRK
$191.9M
$21.5M
TPB
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
4.9%
PRK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRK
PRK
TPB
TPB
Revenue
$168.3M
$121.0M
Net Profit
$42.6M
$8.2M
Gross Margin
55.9%
Operating Margin
16.5%
Net Margin
25.3%
6.8%
Revenue YoY
2.2%
29.2%
Net Profit YoY
10.4%
239.8%
EPS (diluted)
$2.62
$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
PRK
PRK
TPB
TPB
Q4 25
$168.3M
$121.0M
Q3 25
$169.5M
$119.0M
Q2 25
$168.7M
$116.6M
Q1 25
$157.9M
$106.4M
Q4 24
$164.7M
$93.7M
Q3 24
$170.3M
$90.7M
Q2 24
$157.7M
$93.2M
Q1 24
$152.8M
$83.1M
Net Profit
PRK
PRK
TPB
TPB
Q4 25
$42.6M
$8.2M
Q3 25
$47.2M
$21.1M
Q2 25
$48.1M
$14.5M
Q1 25
$42.2M
$14.4M
Q4 24
$38.6M
$2.4M
Q3 24
$38.2M
$12.4M
Q2 24
$39.4M
$13.0M
Q1 24
$35.2M
$12.0M
Gross Margin
PRK
PRK
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
PRK
PRK
TPB
TPB
Q4 25
16.5%
Q3 25
34.3%
21.8%
Q2 25
35.2%
22.6%
Q1 25
32.4%
21.8%
Q4 24
19.1%
Q3 24
27.4%
22.9%
Q2 24
30.6%
24.5%
Q1 24
27.8%
23.2%
Net Margin
PRK
PRK
TPB
TPB
Q4 25
25.3%
6.8%
Q3 25
27.8%
17.7%
Q2 25
28.5%
12.4%
Q1 25
26.7%
13.5%
Q4 24
23.5%
2.6%
Q3 24
22.4%
13.6%
Q2 24
25.0%
14.0%
Q1 24
23.0%
14.5%
EPS (diluted)
PRK
PRK
TPB
TPB
Q4 25
$2.62
$0.40
Q3 25
$2.92
$1.13
Q2 25
$2.97
$0.79
Q1 25
$2.60
$0.79
Q4 24
$2.38
$0.15
Q3 24
$2.35
$0.68
Q2 24
$2.42
$0.68
Q1 24
$2.17
$0.63

Balance Sheet & Financial Strength

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

Metric
PRK
PRK
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$233.5M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$372.0M
Total Assets
$9.8B
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRK
PRK
TPB
TPB
Q4 25
$233.5M
$222.8M
Q3 25
$218.9M
$201.2M
Q2 25
$193.1M
$109.9M
Q1 25
$237.6M
$99.6M
Q4 24
$160.6M
$48.9M
Q3 24
$201.7M
$33.6M
Q2 24
$261.5M
$142.2M
Q1 24
$306.1M
$130.9M
Stockholders' Equity
PRK
PRK
TPB
TPB
Q4 25
$1.4B
$372.0M
Q3 25
$1.3B
$358.2M
Q2 25
$1.3B
$224.8M
Q1 25
$1.3B
$203.4M
Q4 24
$1.2B
$190.4M
Q3 24
$1.2B
$185.7M
Q2 24
$1.2B
$172.8M
Q1 24
$1.2B
$160.0M
Total Assets
PRK
PRK
TPB
TPB
Q4 25
$9.8B
$763.8M
Q3 25
$9.9B
$742.8M
Q2 25
$9.9B
$595.8M
Q1 25
$9.9B
$564.6M
Q4 24
$9.8B
$493.4M
Q3 24
$9.9B
$488.0M
Q2 24
$9.9B
$591.6M
Q1 24
$9.9B
$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
PRK
PRK
TPB
TPB
Operating Cash FlowLast quarter
$198.3M
$24.9M
Free Cash FlowOCF − Capex
$191.9M
$21.5M
FCF MarginFCF / Revenue
114.1%
17.8%
Capex IntensityCapex / Revenue
3.8%
2.8%
Cash ConversionOCF / Net Profit
4.65×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$328.2M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRK
PRK
TPB
TPB
Q4 25
$198.3M
$24.9M
Q3 25
$52.6M
$3.3M
Q2 25
$49.7M
$11.8M
Q1 25
$37.9M
$17.4M
Q4 24
$178.8M
$17.7M
Q3 24
$43.8M
$13.2M
Q2 24
$50.9M
$13.4M
Q1 24
$35.0M
$22.6M
Free Cash Flow
PRK
PRK
TPB
TPB
Q4 25
$191.9M
$21.5M
Q3 25
$51.1M
$-721.0K
Q2 25
$48.4M
$7.8M
Q1 25
$36.8M
$15.2M
Q4 24
$169.7M
$16.6M
Q3 24
$41.7M
$12.6M
Q2 24
$49.0M
$10.9M
Q1 24
$31.9M
$22.3M
FCF Margin
PRK
PRK
TPB
TPB
Q4 25
114.1%
17.8%
Q3 25
30.1%
-0.6%
Q2 25
28.7%
6.7%
Q1 25
23.3%
14.3%
Q4 24
103.0%
17.8%
Q3 24
24.5%
13.9%
Q2 24
31.1%
11.7%
Q1 24
20.8%
26.8%
Capex Intensity
PRK
PRK
TPB
TPB
Q4 25
3.8%
2.8%
Q3 25
0.9%
3.4%
Q2 25
0.8%
3.4%
Q1 25
0.7%
2.1%
Q4 24
5.6%
1.2%
Q3 24
1.2%
0.7%
Q2 24
1.2%
2.7%
Q1 24
2.1%
0.4%
Cash Conversion
PRK
PRK
TPB
TPB
Q4 25
4.65×
3.03×
Q3 25
1.11×
0.16×
Q2 25
1.03×
0.82×
Q1 25
0.90×
1.21×
Q4 24
4.63×
7.34×
Q3 24
1.14×
1.07×
Q2 24
1.29×
1.03×
Q1 24
0.99×
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRK
PRK

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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