TPI COMPOSITES, INC
TPICQOTCIndustrials · Engines & Turbines · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $918.5M | $890.0M | $863.9M | $918.5M | $1.47B | $356.6M |
| Operating income | −$179.4M | −$134.8M | −$173.2M | $13.4M | −$91.8M | $18.8M |
| Net income | −$340.8M | −$240.7M | −$201.8M | −$65.3M | −$159.5M | −$492,000 |
| Total assets | $342.4M | $692.5M | $804.1M | $962.2M | $1.01B | $956.3M |
| Total liabilities | $1.02B | $1.07B | $926.4M | $601.8M | $634.8M | $755.2M |
| Equity | −$679.5M | −$373.2M | −$122.3M | $50.5M | $122.0M | $201.0M |
| EPS (diluted) | $-7.02 | $-5.07 | $-4.16 | $-2.96 | $-4.43 | $-0.01 |
| Shares out. | 47.6M | 47.2M | 42.2M | 37.2M | 36.6M | 35.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −19.5%
- Net margin
- −37.1%
- Return on equity
- 50.2%
- Return on assets
- −99.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 298.4%
- Debt / equity
- —
- Book value / share
- $-14.27
- Revenue growth (YoY)
- 3.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -24.15distress
- Accruals / assets
- −62.6%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.6M | 8.5 | -0.4% |
| Apr 30, 2026 | 1.6M | 4.0 | -3.6% |
| Apr 15, 2026 | 1.7M | 3.8 | -1.6% |
| Mar 31, 2026 | 1.7M | 4.0 | -3.5% |
| Mar 13, 2026 | 1.7M | 3.4 | -8.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreementMar 9, 2026
- Entered a material agreement · Debt acceleration / triggering eventMar 5, 2026
- Director / officer changeNov 4, 2025
- Completed an acquisition or dispositionSep 16, 2025
- Entered a material agreementSep 4, 2025
- Entered a material agreement · Bankruptcy or receivership · New financial obligation · Debt acceleration / triggering event · Delisting / listing-standard noticeAug 15, 2025
- Regulation FD disclosureAug 11, 2025
- Director / officer changeJun 20, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.