TPI Composites, Inc.
TPICQ Industrials Specialty Industrial Machinery
In the quarter to December 2025, revenue grew 165.8%, EPS fell 95.5%, free cash flow fell 115.4% and total debt fell 13.7%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
121.33 | 151.96 | 88.90 | 71.27 | 130.20 | 226.29 | 143.40 | 171.90 | 152.94 | 24.07 |
Receivables |
67.84 | 121.58 | 176.82 | 184.01 | 132.77 | 152.99 | 184.81 | 138.03 | 37.42 | 51.46 |
Inventory |
105.40 | 4.11 | 5.74 | 6.73 | 10.84 | 10.15 | 10.66 | 9.42 | 3.74 | 27.59 |
Other current assets |
25.00 | 105.62 | 133.53 | 196.36 | 244.85 | 183.05 | 241.99 | 146.80 | 40.35 | 28.48 |
Total current assets |
325.23 | 410.78 | 414.20 | 468.42 | 548.16 | 660.27 | 645.16 | 503.08 | 429.10 | 155.20 |
Property, Plant, Equpment (Net) |
91.17 | 123.48 | 159.42 | 205.01 | 209.00 | 142.61 | 136.84 | 128.81 | 75.50 | 68.98 |
Goodwill and Intangible Assets (Total) |
3.07 | 3.92 | 7.27 | 6.98 | 6.95 | 5.68 | 6.07 | 5.25 | 3.42 | 4.32 |
Long-term assets (Other) |
17.74 | 7.57 | 23.97 | 23.92 | 33.32 | 23.61 | 21.79 | 30.82 | 58.61 | — |
Total non-current assets |
111.98 | 134.96 | 190.66 | 358.26 | 408.10 | 347.43 | 317.01 | 301.01 | 263.36 | 187.24 |
Total Assets |
437.21 | 545.74 | 604.86 | 826.68 | 956.26 | 1,007.70 | 962.18 | 804.08 | 692.46 | 342.44 |
Accounts Payable |
112.28 | 167.18 | 199.08 | 293.10 | 295.99 | 283.54 | 280.50 | 227.72 | 141.44 | 151.33 |
Accrued Expenses |
19.91 | 30.42 | 36.77 | 47.64 | 50.85 | 42.02 | 22.35 | 37.48 | 38.77 | 14.39 |
Current Part of Debt |
33.40 | 35.51 | 27.06 | 13.50 | 32.55 | 66.44 | 59.98 | 70.47 | 15.80 | 432.16 |
Current Revenue (Deferred) |
69.57 | — | — | — | — | — | — | — | — | — |
Other current liabilities |
1.39 | 2.76 | 7.14 | 3.01 | 0.61 | 1.27 | 17.10 | 24.02 | 30.37 | 23.90 |
Total current liabilities |
236.55 | 235.86 | 270.04 | 373.88 | 406.11 | 469.11 | 456.58 | 386.42 | 473.97 | 639.90 |
Long Term Debt (Total) |
89.75 | 85.88 | 110.57 | 127.89 | 184.32 | 8.21 | 1.20 | 414.73 | 485.19 | — |
Preferred Shares of Subsidiary (Mandatory, Redeemable) |
— | — | — | — | — | 250.97 | 309.88 | — | — | — |
Non-current Liabilities (Other) |
4.39 | 3.44 | 3.29 | 5.98 | 8.87 | 10.62 | 10.67 | 8.10 | 5.79 | 332.45 |
Total non-current liabilities |
94.15 | 89.32 | 113.85 | 247.75 | 349.11 | 416.64 | 455.11 | 539.96 | 591.73 | 382.01 |
Total liabilities |
330.70 | 325.18 | 383.90 | 621.63 | 755.22 | 885.75 | 911.69 | 926.38 | 1,065.70 | 1,021.91 |
Additional Paid In Capital |
292.83 | 301.54 | 311.77 | 322.91 | 349.47 | 451.44 | 407.57 | 431.34 | 438.00 | 440.18 |
Common Stock (Net) |
0.34 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.42 | 0.47 | 0.49 | 0.50 |
Retained Earnings |
(182.80) | (80.26) | (74.98) | (90.69) | (109.72) | (269.26) | (334.57) | (536.35) | (777.05) | (1,117.86) |
Treasury Stock |
— | 0.51 | 1.79 | 3.91 | 6.10 | 6.59 | 7.55 | 10.13 | 11.85 | 12.55 |
Common Equity (Total) |
106.51 | 220.55 | 220.96 | 205.05 | 201.04 | 121.95 | 50.49 | (122.30) | (373.24) | (679.47) |
Shareholders Equity (Total) |
106.51 | 220.55 | 220.96 | 205.05 | 201.04 | 121.95 | 50.49 | (122.30) | (373.24) | (679.47) |
Shareholders Equity and Liabilities (Total) |
437.21 | 545.74 | 604.86 | 826.68 | 956.26 | 1,007.70 | 962.18 | 804.08 | 692.46 | 342.44 |
Shares (Common) |
33.74 | 34.02 | 34.68 | 35.18 | 36.56 | 37.18 | 42.04 | 46.47 | 47.61 | 48.77 |
Shareholders Equity (Tangible) |
103.44 | 216.64 | 213.69 | 198.07 | 194.08 | 116.27 | 44.42 | (127.55) | (376.65) | (683.79) |
Net Debt |
1.83 | (30.58) | 48.72 | 70.12 | 86.67 | (151.64) | (82.23) | 313.30 | 348.05 | 408.08 |
Total Debt |
123.16 | 121.39 | 137.62 | 141.39 | 216.87 | 74.65 | 61.17 | 485.19 | 500.99 | 432.16 |