Tpi Composites, Inc - Understand $tpic stock

$TPIC Market Cap: $87.04 Million

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Financial Snapshot

Revenue

$1.287B

TTM

Gross Margin

-6.99%

TTM

Net Earnings

-$179.3M

TTM

Current Assets

$467.5M

Q3 2024

Current Liabilities

$493.1M

Q3 2024

Current Ratio

94.83%

Q3 2024

Total Assets

$752.6M

Q3 2024

Total Liabilities

$1.075B

Q3 2024

Book Value

-$322.0M

Q3 2024

Cash

$125.9M

Q3 2024

P/E

-0.4856

Nov 29, 2024 EST

Free Cash Flow

-$112.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.455B	$1.523B	$1.733B	$1.670B	$1.437B	$1.030B	$930.3M	$754.9M	$585.9M	$320.7M	$215.1M	$156.2M
YoY Change	-4.44%	-12.11%	3.74%	16.26%	39.52%	10.68%	23.24%	28.85%	82.65%	49.12%	37.71%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.455B	$1.523B	$1.733B	$1.670B	$1.437B	$1.030B	$930.3M	$754.9M	$585.9M	$320.7M	$215.1M	$156.2M
Cost Of Revenue	$1.543B	$1.508B	$1.764B	$1.606B	$1.359B	$956.8M	$844.7M	$682.2M	$544.1M	$306.1M	$206.8M	$162.0M
Gross Profit	-$87.55M	$14.65M	-$31.58M	$64.10M	$77.85M	$72.84M	$110.5M	$86.87M	$41.75M	$14.65M	$8.300M	-$5.800M
Gross Profit Margin	-6.02%	0.96%	-1.82%	3.84%	5.42%	7.07%	11.88%	11.51%	7.13%	4.57%	3.86%	-3.71%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$47.73M	$31.25M	$28.25M	$32.50M	$38.90M	$47.30M	$38.80M	$32.40M	$14.10M	$9.200M	$7.600M	-$1.600M
YoY Change	52.75%	10.63%	-13.09%	-16.45%	-17.76%	21.91%	19.75%	129.79%	53.26%	21.05%	-575.0%
% of Gross Profit		213.38%		50.7%	49.97%	64.94%	35.12%	37.3%	33.78%	62.79%	91.57%
Research & Development	$1.400M	$1.100M	$1.000M	$1.000M	$1.000M	$800.0K	$1.600M	$1.500M
YoY Change	27.27%	10.0%	0.0%	0.0%	25.0%	-50.0%	6.67%
% of Gross Profit		7.51%		1.56%	1.28%	1.1%	1.45%	1.73%
Depreciation & Amortization	$38.87M	$45.48M	$52.59M	$49.67M	$38.58M	$26.43M	$21.70M	$13.19M	$11.42M	$7.441M	$5.250M	$5.440M
YoY Change	-14.54%	-13.52%	5.89%	28.74%	45.98%	21.8%	64.55%	15.5%	53.42%	41.73%	-3.49%
% of Gross Profit		310.55%		77.48%	49.56%	36.28%	19.64%	15.18%	27.35%	50.78%	63.25%
Operating Expenses	$49.13M	$32.35M	$29.25M	$33.60M	$39.90M	$48.10M	$40.40M	$33.80M	$14.10M	$9.200M	$7.600M	-$1.700M
YoY Change	51.88%	10.61%	-12.96%	-15.79%	-17.05%	19.06%	19.53%	139.72%	53.26%	21.05%	-547.06%
Operating Profit	-$163.6M	-$27.81M	-$97.70M	$18.77M	$15.89M	$24.72M	$70.10M	$52.97M	$27.62M	$5.477M	$700.0K	-$4.100M
YoY Change	488.27%	-71.54%	-620.61%	18.11%	-35.72%	-64.74%	32.33%	91.8%	404.27%	682.43%	-117.07%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$12.11M	$5.029M	$13.62M	$10.40M	$8.022M	$10.42M	$12.38M	$17.61M	$14.57M	$7.236M	-$5.200M	-$2.000M
YoY Change	140.84%	-63.08%	30.99%	29.63%	-22.99%	-15.86%	-29.71%	20.93%	101.29%	-239.15%	160.0%
% of Operating Profit				55.41%	50.49%	42.14%	17.66%	33.25%	52.74%	132.12%	-742.86%
Other Income/Expense, Net	-$15.30M	$1.872M	-$35.09M	-$26.51M	-$8.481M	-$22.47M	-$15.57M	-$22.28M	-$15.96M	-$11.20M	$100.0K	$0.00
YoY Change	-917.2%	-105.33%	32.37%	212.57%	-62.26%	44.37%	-30.12%	39.57%	42.5%	-11300.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	-$178.9M	-$25.94M	-$132.8M	-$7.743M	$7.407M	$2.246M	$54.53M	$30.70M	$11.66M	-$5.723M	-$4.400M	-$6.200M
YoY Change	589.71%	-80.47%	1614.94%	-204.54%	229.79%	-95.88%	77.64%	163.3%	-303.72%	30.07%	-29.03%
Income Tax	$17.56M	$29.61M	$26.76M	$11.28M	$23.12M	-$3.033M	$15.80M	$3.654M	$3.977M	$925.0K	-$3.300M	$900.0K
% Of Pretax Income					312.07%	-135.04%	28.97%	11.9%	34.11%
Net Earnings	-$201.8M	-$65.31M	-$159.5M	-$19.03M	-$15.71M	$5.279M	$38.73M	$27.04M	$7.682M	-$6.648M	$1.300M	-$4.600M
YoY Change	208.98%	-59.07%	738.53%	21.13%	-397.56%	-86.37%	43.23%	252.04%	-215.55%	-611.38%	-128.26%
Net Earnings / Revenue	-13.87%	-4.29%	-9.21%	-1.14%	-1.09%	0.51%	4.16%	3.58%	1.31%	-2.07%	0.6%	-2.94%
Basic Earnings Per Share	-$4.16	-$2.96	-$4.43	-$0.54	-$0.45	$0.15	$1.14
Diluted Earnings Per Share	-$4.16	-$2.96	-$4.43	-$0.54	-$0.45	$0.15	$1.11	$1.534M	$234.8K	-$201.2K	$39.63K	-$140.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$161.1M	$133.5M	$242.2M	$129.9M	$70.30M	$85.30M	$148.1M	$119.1M	$45.90M	$43.60M	$11.80M	$3.600M
YoY Change	20.6%	-44.85%	86.42%	84.78%	-17.58%	-42.4%	24.35%	159.48%	5.28%	269.49%	227.78%
Cash & Equivalents	$161.1M	$133.5M	$242.2M	$129.9M	$70.30M	$85.30M	$148.1M	$119.1M	$45.90M	$43.60M	$11.80M	$3.600M
Short-Term Investments
Other Short-Term Assets	$48.64M	$74.88M	$40.77M	$38.80M	$18.10M	$18.40M	$19.90M	$27.60M	$33.10M	$10.10M	$8.600M	$4.900M
YoY Change	-35.04%	83.64%	5.09%	114.36%	-1.63%	-7.54%	-27.9%	-16.62%	227.72%	17.44%	75.51%
Inventory	$9.420M	$10.66M	$11.53M	$10.80M	$6.700M	$5.700M	$4.100M	$105.4M	$100.4M	$99.80M	$39.50M	$29.70M
Prepaid Expenses
Receivables	$241.5M	$397.3M	$342.8M	$344.7M	$346.6M	$289.4M	$223.4M	$66.60M	$71.60M	$42.40M	$14.50M	$8.700M
Other Receivables	$42.41M	$28.82M	$23.01M	$24.00M	$26.60M	$15.30M	$15.30M	$6.500M	$1.300M	$13.10M	$6.300M	$2.500M
Total Short-Term Assets	$503.1M	$645.2M	$660.3M	$548.2M	$468.4M	$414.2M	$410.8M	$325.2M	$252.4M	$209.0M	$80.60M	$49.40M
YoY Change	-22.02%	-2.29%	20.44%	17.04%	13.09%	0.83%	26.32%	28.84%	20.77%	159.31%	63.16%
Property, Plant & Equipment	$264.9M	$289.2M	$306.8M	$367.8M	$327.4M	$159.4M	$123.5M	$91.20M	$67.70M	$51.80M	$35.00M	$25.30M
YoY Change	-8.38%	-5.74%	-16.59%	12.34%	105.4%	29.07%	35.42%	34.71%	30.69%	48.0%	38.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$30.82M	$21.79M	$34.31M	$33.30M	$23.90M	$24.00M	$7.600M	$17.70M	$9.800M	$13.20M	$7.200M	$2.200M
YoY Change	41.45%	-36.49%	3.04%	39.33%	-0.42%	215.79%	-57.06%	80.61%	-25.76%	83.33%	227.27%
Total Long-Term Assets	$301.0M	$317.0M	$347.4M	$408.1M	$358.3M	$190.7M	$134.9M	$112.0M	$77.50M	$69.00M	$46.90M	$33.00M
YoY Change	-5.05%	-8.75%	-14.87%	13.9%	87.89%	41.36%	20.45%	44.52%	12.32%	47.12%	42.12%
Total Assets	$804.1M	$962.2M	$1.008B	$956.3M	$826.7M	$604.9M	$545.7M	$437.2M	$329.9M	$278.0M	$127.5M	$82.40M
YoY Change
Accounts Payable	$227.7M	$280.5M	$336.7M	$296.0M	$293.1M	$199.1M	$167.2M	$112.3M	$101.1M	$72.70M	$46.10M	$21.80M
YoY Change	-18.82%	-16.69%	13.75%	0.99%	47.21%	19.08%	48.89%	11.08%	39.06%	57.7%	111.47%
Accrued Expenses	$59.50M	$44.57M	$64.70M	$77.00M	$64.30M	$36.80M	$30.40M	$19.90M	$13.60M			$6.200M
YoY Change	33.51%	-31.12%	-15.97%	19.75%	74.73%	21.05%	52.76%	46.32%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.900M	$1.600M	$0.00
YoY Change									-100.0%	18.75%
Long-Term Debt Due	$70.47M	$59.98M	$66.44M	$32.60M	$13.50M	$27.10M	$35.50M	$34.80M	$61.00M	$75.70M	$35.20M	$21.10M
YoY Change	17.49%	-9.73%	103.8%	141.48%	-50.18%	-23.66%	2.01%	-42.95%	-19.42%	115.06%	66.82%
Total Short-Term Liabilities	$386.4M	$456.6M	$469.1M	$406.1M	$373.9M	$270.0M	$235.9M	$236.6M	$241.2M	$209.7M	$104.1M	$67.00M
YoY Change	-15.37%	-2.67%	15.52%	8.61%	38.48%	14.46%	-0.3%	-1.91%	15.02%	101.44%	55.37%
Long-Term Debt	$414.7M	$1.198M	$8.208M	$184.3M	$127.9M	$110.6M	$85.90M	$89.80M	$77.30M	$62.70M	$20.80M	$4.200M
YoY Change	34518.36%	-85.4%	-95.55%	44.1%	15.64%	28.75%	-4.34%	16.17%	23.29%	201.44%	395.24%
Other Long-Term Liabilities	$125.2M	$144.0M	$157.5M	$164.8M	$119.9M	$3.300M	$3.400M	$4.400M	$3.800M	$3.300M	$7.700M	$7.700M
YoY Change	-13.05%	-8.53%	-4.46%	37.45%	3533.33%	-2.94%	-22.73%	15.79%	15.15%	-57.14%	0.0%
Total Long-Term Liabilities	$540.0M	$145.2M	$165.7M	$349.1M	$247.8M	$113.9M	$89.30M	$94.20M	$81.10M	$66.00M	$28.50M	$11.90M
YoY Change	271.8%	-12.33%	-52.55%	40.88%	117.56%	27.55%	-5.2%	16.15%	22.88%	131.58%	139.5%
Total Liabilities	$926.4M	$601.8M	$634.8M	$755.2M	$621.6M	$383.9M	$325.2M	$330.7M	$322.3M	$275.7M	$132.6M	$76.70M
YoY Change	53.93%	-5.19%	-15.95%	21.49%	61.92%	18.05%	-1.66%	2.61%	16.9%	107.92%	72.88%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	42.67M	41.96M	37.42M	35.53M	35.06M	34.31M	33.84M	17.53M	4.238M	4.238M
Diluted Shares Outstanding	42.67M	41.96M	37.42M	35.53M	35.06M	36.00M	34.86M	17.62M	4.238M	4.238M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $87.04 Million

About TPI COMPOSITES, INC

TPI Composites, Inc. is a holding company, which engages in the manufacturing of composite wind blades for the wind energy market. The company is headquartered in Scottsdale, Arizona and currently employs 12,300 full-time employees. The company went IPO on 2016-07-22. The Company’s geographic segments include the United States, Mexico, Europe, the Middle East and Africa and India. The company enables wind turbine original equipment manufacturers (OEM) to outsource the manufacturing of a portion of their wind blades through its global footprint of advanced manufacturing facilities strategically located to serve wind markets. The company also provides field service inspection and repair services to its OEM customers and wind farm owners and operators. Its field service inspection and repair services include diagnostic, repair and maintenance service offerings for wind blades that have been installed on wind turbines located at wind farms. The company has produced precision molding and assembly systems, ranging from 30 meters to over 80 meters in length, to support its global operations. Its tooling solutions include precision wind blade patterns, precision molding and assembly systems.

Industry: Engines & Turbines Peers: 374Water Inc. AZZ INC Babcock & Wilcox Enterprises, Inc. BROADWIND, INC. Bloom Energy Corp Energy Vault Holdings, Inc. NUSCALE POWER Corp Ocean Power Technologies, Inc.