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Side-by-side financial comparison of 1ST SOURCE CORP (SRCE) 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 $113.1M, roughly 1.1× 1ST SOURCE CORP). 1ST SOURCE CORP runs the higher net margin — 35.3% vs 6.8%, a 28.5% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 8.7%). 1ST SOURCE CORP produced more free cash flow last quarter ($58.1M vs $21.5M). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% CAGR vs 7.8%).

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.

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.

SRCE vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.1× larger
TPB
$121.0M
$113.1M
SRCE
Growing faster (revenue YoY)
TPB
TPB
+20.5% gap
TPB
29.2%
8.7%
SRCE
Higher net margin
SRCE
SRCE
28.5% more per $
SRCE
35.3%
6.8%
TPB
More free cash flow
SRCE
SRCE
$36.6M more FCF
SRCE
$58.1M
$21.5M
TPB
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
7.8%
SRCE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SRCE
SRCE
TPB
TPB
Revenue
$113.1M
$121.0M
Net Profit
$40.0M
$8.2M
Gross Margin
55.9%
Operating Margin
45.4%
16.5%
Net Margin
35.3%
6.8%
Revenue YoY
8.7%
29.2%
Net Profit YoY
6.5%
239.8%
EPS (diluted)
$1.63
$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
SRCE
SRCE
TPB
TPB
Q1 26
$113.1M
Q4 25
$110.8M
$121.0M
Q3 25
$110.7M
$119.0M
Q2 25
$108.2M
$116.6M
Q1 25
$104.0M
$106.4M
Q4 24
$97.8M
$93.7M
Q3 24
$97.9M
$90.7M
Q2 24
$97.3M
$93.2M
Net Profit
SRCE
SRCE
TPB
TPB
Q1 26
$40.0M
Q4 25
$41.1M
$8.2M
Q3 25
$42.3M
$21.1M
Q2 25
$37.3M
$14.5M
Q1 25
$37.5M
$14.4M
Q4 24
$31.4M
$2.4M
Q3 24
$34.9M
$12.4M
Q2 24
$36.8M
$13.0M
Gross Margin
SRCE
SRCE
TPB
TPB
Q1 26
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%
Operating Margin
SRCE
SRCE
TPB
TPB
Q1 26
45.4%
Q4 25
16.5%
Q3 25
49.7%
21.8%
Q2 25
44.5%
22.6%
Q1 25
45.8%
21.8%
Q4 24
19.1%
Q3 24
46.3%
22.9%
Q2 24
49.1%
24.5%
Net Margin
SRCE
SRCE
TPB
TPB
Q1 26
35.3%
Q4 25
37.1%
6.8%
Q3 25
38.2%
17.7%
Q2 25
34.5%
12.4%
Q1 25
36.1%
13.5%
Q4 24
32.1%
2.6%
Q3 24
35.7%
13.6%
Q2 24
37.8%
14.0%
EPS (diluted)
SRCE
SRCE
TPB
TPB
Q1 26
$1.63
Q4 25
$1.67
$0.40
Q3 25
$1.71
$1.13
Q2 25
$1.51
$0.79
Q1 25
$1.52
$0.79
Q4 24
$1.27
$0.15
Q3 24
$1.41
$0.68
Q2 24
$1.49
$0.68

Balance Sheet & Financial Strength

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

Metric
SRCE
SRCE
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$372.0M
Total Assets
$9.1B
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRCE
SRCE
TPB
TPB
Q1 26
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
Stockholders' Equity
SRCE
SRCE
TPB
TPB
Q1 26
$1.3B
Q4 25
$1.3B
$372.0M
Q3 25
$1.2B
$358.2M
Q2 25
$1.2B
$224.8M
Q1 25
$1.2B
$203.4M
Q4 24
$1.1B
$190.4M
Q3 24
$1.1B
$185.7M
Q2 24
$1.0B
$172.8M
Total Assets
SRCE
SRCE
TPB
TPB
Q1 26
$9.1B
Q4 25
$9.1B
$763.8M
Q3 25
$9.1B
$742.8M
Q2 25
$9.1B
$595.8M
Q1 25
$9.0B
$564.6M
Q4 24
$8.9B
$493.4M
Q3 24
$8.8B
$488.0M
Q2 24
$8.9B
$591.6M

Cash Flow & Capital Efficiency

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

Metric
SRCE
SRCE
TPB
TPB
Operating Cash FlowLast quarter
$59.1M
$24.9M
Free Cash FlowOCF − Capex
$58.1M
$21.5M
FCF MarginFCF / Revenue
51.4%
17.8%
Capex IntensityCapex / Revenue
0.9%
2.8%
Cash ConversionOCF / Net Profit
1.48×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$361.4M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRCE
SRCE
TPB
TPB
Q1 26
$59.1M
Q4 25
$223.1M
$24.9M
Q3 25
$51.0M
$3.3M
Q2 25
$44.9M
$11.8M
Q1 25
$71.8M
$17.4M
Q4 24
$193.9M
$17.7M
Q3 24
$68.4M
$13.2M
Q2 24
$50.0M
$13.4M
Free Cash Flow
SRCE
SRCE
TPB
TPB
Q1 26
$58.1M
Q4 25
$213.0M
$21.5M
Q3 25
$47.3M
$-721.0K
Q2 25
$43.0M
$7.8M
Q1 25
$69.3M
$15.2M
Q4 24
$181.5M
$16.6M
Q3 24
$66.7M
$12.6M
Q2 24
$46.4M
$10.9M
FCF Margin
SRCE
SRCE
TPB
TPB
Q1 26
51.4%
Q4 25
192.2%
17.8%
Q3 25
42.7%
-0.6%
Q2 25
39.8%
6.7%
Q1 25
66.6%
14.3%
Q4 24
185.5%
17.8%
Q3 24
68.1%
13.9%
Q2 24
47.7%
11.7%
Capex Intensity
SRCE
SRCE
TPB
TPB
Q1 26
0.9%
Q4 25
9.1%
2.8%
Q3 25
3.4%
3.4%
Q2 25
1.7%
3.4%
Q1 25
2.4%
2.1%
Q4 24
12.6%
1.2%
Q3 24
1.7%
0.7%
Q2 24
3.7%
2.7%
Cash Conversion
SRCE
SRCE
TPB
TPB
Q1 26
1.48×
Q4 25
5.42×
3.03×
Q3 25
1.21×
0.16×
Q2 25
1.20×
0.82×
Q1 25
1.91×
1.21×
Q4 24
6.17×
7.34×
Q3 24
1.96×
1.07×
Q2 24
1.36×
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SRCE
SRCE

Segment breakdown not available.

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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