TPI Composites, Inc. financials
Source: EDGAR filings · Built 2026-06-19T03:15:10Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -141.62M | -14.94M | -118.41M | -86.20M | -68.39M | -34.21M |
| EBITDA | -152.90M | -104.29M | -134.29M | 58.88M | -39.23M | -6.01M |
| Working Capital | -484.71M | -44.86M | 116.65M | 188.58M | 191.16M | 142.05M |
| Net Debt | 525.72M | 688.10M | 627.20M | 88.50M | 25.12M | 329.87M |
| Gross Margin | -12.04% | -8.11% | -12.82% | 6.05% | -2.55% | -1.42% |
| Operating Margin | -19.53% | -15.14% | -20.04% | 1.46% | -6.24% | -4.87% |
| Net Margin | -37.11% | -27.05% | -23.36% | -7.11% | -10.84% | -1.66% |
| Return on Equity (ROE) | 50.16% | 64.49% | 164.98% | -129.35% | -130.83% | -9.46% |
| Return on Assets (ROA) | -99.52% | -34.76% | -25.09% | -6.79% | -15.83% | -1.99% |
| Current Ratio | 0.24× | 0.91× | 1.30× | 1.41× | 1.41× | 1.35× |
| Debt-to-Equity | -0.79× | -2.23× | -6.11× | 4.34× | 1.98× | 2.05× |
| Effective Tax Rate | -1.16% | -3.59% | -6.23% | 213.99% | -23.66% | -9.51% |
| Cash Conversion Ratio | 0.37× | -0.05× | 0.40× | 0.95× | 0.16× | -1.97× |
| Accruals Ratio | -0.63× | -0.37× | -0.15× | -0.00× | -0.13× | -0.06× |
| SBC % of Revenue | 0.24% | 0.75% | 1.14% | 1.64% | 0.57% | 0.91% |
| CapEx Coverage | -8.31× | 0.46× | -2.16× | -2.60× | -0.60× | 0.52× |
| Free Cash Flow Per Share | $-2.92 | $-0.31 | $-2.77 | $-2.05 | $-1.83 | $-0.96 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 918.46M | 889.99M | 863.92M | 918.46M | 1.47B | 1.14B |
| Cost of Goods and Services Sold | 1.00B | 920.45M | 952.90M | 1.40B | 1.46B | 1.12B |
| Cost of Revenue | 1.03B | 962.18M | 974.66M | 1.42B | 1.51B | 1.16B |
| Gross Profit | -110.60M | -72.19M | -110.74M | 55.54M | -37.60M | -16.23M |
| Operating Income (Loss) | -179.37M | -134.77M | -173.16M | 13.40M | -91.83M | -55.67M |
| Income Tax Expense (Benefit) | 3.73M | 7.71M | 11.11M | 32.14M | 29.83M | 7.41M |
| Net Income (Loss) Attributable to Parent | -340.80M | -240.71M | -201.78M | -65.31M | -159.55M | -19.03M |
| Earnings Per Share, Basic | $-7.02 | $-5.07 | $-4.16 | $-2.96 | $-4.43 | $-0.54 |
| Weighted Average Number of Shares Outstanding, Basic | 48.54M | 47.46M | 42.67M | 41.96M | 37.41M | 35.53M |
| Earnings Per Share, Diluted | $-7.02 | $-5.07 | $-4.16 | $-2.96 | $-4.43 | $-0.54 |
| Weighted Average Number of Shares Outstanding, Diluted | 48.54M | 47.46M | 42.67M | 41.96M | 37.41M | 35.53M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 13.90M | 143.30M | 119.89M | 130.62M | 216.24M | 82.46M |
| Assets, Current | 155.20M | 429.10M | 503.07M | 645.16M | 660.27M | 548.16M |
| Assets | 342.44M | 692.46M | 804.08M | 962.18M | 1.01B | 956.26M |
| Long-term Debt | — | 705.22M | 606.14M | 61.17M | 74.65M | 217.92M |
| Liabilities, Current | 639.90M | 473.97M | 386.42M | 456.58M | 469.11M | 406.11M |
| Liabilities | 1.02B | 1.07B | 926.38M | 601.81M | 634.77M | 755.22M |
| Stockholders' Equity Attributable to Parent | -679.47M | -373.24M | -122.30M | 50.49M | 121.95M | 201.03M |
| Common Stock, Shares, Outstanding | 48.77M | 47.61M | 46.47M | 42.04M | 37.18M | 36.56M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -126.41M | 12.50M | -80.97M | -62.27M | -25.52M | 37.57M |
| Payments to Acquire Property, Plant, and Equipment | 14.53M | 26.20M | 36.14M | 18.83M | 37.12M | 65.67M |
| Net Cash Provided by (Used in) Investing Activities | -15.85M | -26.20M | -23.30M | -18.83M | -37.12M | -65.67M |
| Payments for Repurchase of Common Stock | 696.00K | 1.72M | 2.58M | 959.00K | 493.00K | 2.19M |
| Net Cash Provided by (Used in) Financing Activities | -44.45M | 50.96M | 121.99M | -14.60M | 198.92M | 88.61M |
Derived Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -12.85M | -128.77M | -32.28M | -2.13M | 82.92M | -97.86M |
| EBITDA | -29.60M | — | — | -15.90M | -24.98M | — |
| Working Capital | -484.71M | -400.66M | -632.34M | -56.97M | -44.86M | -25.52M |
| Net Debt | 525.72M | 478.25M | 625.31M | 564.35M | 688.10M | 659.12M |
| Gross Margin | -12.54% | -19.85% | -10.50% | -4.15% | -8.53% | 0.07% |
| Operating Margin | -17.07% | -34.28% | -14.26% | -6.78% | -14.09% | -7.22% |
| Net Margin | -46.58% | -54.67% | -24.70% | -14.37% | -21.22% | -15.46% |
| Return on Equity (ROE) | 14.14% | 21.99% | 14.05% | 11.48% | 12.88% | 12.44% |
| Return on Assets (ROA) | -28.06% | -33.65% | -11.53% | -7.25% | -6.94% | -5.32% |
| Current Ratio | 0.24× | 0.31× | 0.36× | 0.88× | 0.91× | 0.95× |
| Debt-to-Equity | -0.79× | -0.87× | -1.51× | -1.75× | -2.23× | -2.30× |
| Effective Tax Rate | 1.25% | -0.97% | 0.98% | -0.87% | 0.13% | -5.72% |
| Cash Conversion Ratio | 0.12× | 0.90× | 0.32× | -0.10× | -1.82× | 1.87× |
| Accruals Ratio | -0.25× | -0.04× | -0.08× | -0.08× | -0.20× | 0.05× |
| SBC % of Revenue | 0.19% | 0.76% | 0.63% | 0.36% | 0.61% | 2.04% |
| CapEx Coverage | -9.17× | -8.23× | -2.01× | 0.68× | 19.75× | -3.25× |
| Free Cash Flow Per Share | $-0.26 | $-2.64 | $-0.66 | $-0.04 | $1.75 | $-2.06 |
Income Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 206.32M | 234.41M | 276.25M | 336.16M | 226.63M | 259.17M |
| Cost of Goods and Services Sold | 230.33M | 275.69M | 296.59M | 341.74M | 244.11M | 251.47M |
| Cost of Revenue | 232.19M | 280.95M | 305.25M | 350.11M | 245.98M | 259.00M |
| Gross Profit | -25.87M | -46.54M | -29.01M | -13.95M | -19.34M | 174.00K |
| Operating Income (Loss) | -35.22M | -80.35M | -39.41M | -22.79M | -31.93M | -18.70M |
| Income Tax Expense (Benefit) | -1.20M | 1.11M | -680.00K | 418.00K | -63.00K | 2.37M |
| Net Income (Loss) Attributable to Parent | — | -128.16M | -68.23M | -48.31M | — | -40.07M |
| Earnings Per Share, Basic | $-1.97 | $-2.63 | $-1.40 | $-1.01 | $-1.01 | $-0.84 |
| Weighted Average Number of Shares Outstanding, Basic | 48.54M | 48.73M | 48.69M | 47.61M | 47.46M | 47.56M |
| Earnings Per Share, Diluted | $-1.97 | $-2.63 | $-1.40 | $-1.01 | $-1.01 | $-0.84 |
| Weighted Average Number of Shares Outstanding, Diluted | 48.54M | 48.73M | 48.69M | 47.61M | 47.46M | 47.56M |
Balance Sheet
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 13.90M | 29.50M | 106.42M | 171.86M | 143.30M | 80.91M |
| Assets, Current | 155.20M | 183.59M | 348.67M | 423.72M | 429.10M | 467.55M |
| Assets | 342.44M | 380.87M | 591.71M | 666.46M | 692.46M | 752.64M |
| Long-term Debt | — | — | — | — | 705.22M | — |
| Liabilities, Current | 639.90M | 584.24M | 981.01M | 480.68M | 473.97M | 493.06M |
| Liabilities | 1.02B | 963.70M | 1.08B | 1.09B | 1.07B | 1.07B |
| Stockholders' Equity Attributable to Parent | -679.47M | -582.83M | -485.44M | -420.69M | -373.24M | -322.00M |
| Common Stock, Shares, Outstanding | 48.77M | 48.73M | 48.73M | 48.65M | 47.61M | 47.56M |
Cash Flow Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -11.58M | -114.83M | -21.57M | 4.63M | 87.34M | -74.84M |
| Payments to Acquire Property, Plant, and Equipment | 1.26M | 13.27M | 10.22M | 6.51M | 4.12M | 22.08M |
| Net Cash Provided by (Used in) Investing Activities | -1.26M | -14.59M | -10.22M | -6.51M | -4.12M | -22.08M |
| Payments for Repurchase of Common Stock | 1.00K | 695.00K | 695.00K | 693.00K | 38.00K | 1.68M |
| Net Cash Provided by (Used in) Financing Activities | -2.96M | -41.49M | -56.18M | -21.73M | -9.81M | 60.78M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (TPICQ CIK 0001455684),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.