TPI Composites (TPIC) Revenue & Revenue Breakdown

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TPI Composites Revenue Highlights

Latest Revenue (Y)

$1.46B

Latest Revenue (Q)

$380.76M

Main Segment (Y)

Precision Molding And Assembly Systems And Wind Blades

Main Geography (Y)

MEXICO

TPI Composites Revenue by Period

TPI Composites Revenue by Year

Date	Revenue	Change
2023-12-31	$1.46B	-4.44%
2022-12-31	$1.52B	-12.11%
2021-12-31	$1.73B	3.74%
2020-12-31	$1.67B	16.26%
2019-12-31	$1.44B	39.52%
2018-12-31	$1.03B	10.68%
2017-12-31	$930.28M	23.24%
2016-12-31	$754.88M	28.85%
2015-12-31	$585.85M	82.65%
2014-12-31	$320.75M	49.15%
2013-12-31	$215.05M	-

TPI Composites generated $1.46B in revenue during NA 2023, up -4.44% compared to the previous quarter, and up 141.33% compared to the same period a year ago.

TPI Composites Revenue by Quarter

Date	Revenue	Change
2024-09-30	$380.76M	22.90%
2024-06-30	$309.82M	3.60%
2024-03-31	$299.06M	0.70%
2023-12-31	$296.99M	-20.35%
2023-09-30	$372.86M	-2.21%
2023-06-30	$381.27M	-5.64%
2023-03-31	$404.07M	0.44%
2022-12-31	$402.28M	-12.41%
2022-09-30	$459.27M	1.53%
2022-06-30	$452.37M	17.54%
2022-03-31	$384.87M	-1.18%
2021-12-31	$389.46M	-18.79%
2021-09-30	$479.60M	4.52%
2021-06-30	$458.84M	13.38%
2021-03-31	$404.68M	-13.08%
2020-12-31	$465.57M	-1.80%
2020-09-30	$474.11M	26.83%
2020-06-30	$373.82M	4.82%
2020-03-31	$356.64M	-15.51%
2019-12-31	$422.11M	9.97%
2019-09-30	$383.84M	16.04%
2019-06-30	$330.77M	10.34%
2019-03-31	$299.78M	3.35%
2018-12-31	$290.06M	13.76%
2018-09-30	$254.98M	10.57%
2018-06-30	$230.61M	-9.20%
2018-03-31	$253.98M	2.77%
2017-12-31	$247.14M	1.56%
2017-09-30	$243.35M	-1.95%
2017-06-30	$248.19M	29.53%
2017-03-31	$191.60M	3.25%
2016-12-31	$185.57M	-6.72%
2016-09-30	$198.94M	2.41%
2016-06-30	$194.25M	10.30%
2016-03-31	$176.11M	-1.58%
2015-12-31	$178.95M	10.75%
2015-09-30	$161.58M	7.91%
2015-06-30	$149.74M	56.65%
2015-03-31	$95.59M	-

TPI Composites generated $380.76M in revenue during Q3 2024, up 22.90% compared to the previous quarter, and up 99.87% compared to the same period a year ago.

TPI Composites Revenue Breakdown

TPI Composites Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Precision Molding And Assembly Systems And Wind Blades	$17.10M	$1.30M	$600.00K	$3.00M	-
United States Segment	-	-	-	-	$169.32M

TPI Composites's latest annual revenue breakdown by segment (product or service), as of Dec 23: Precision Molding And Assembly Systems And Wind Blades (100.00%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Precision Molding And Assembly Systems And Wind Blades	$21.30M	$13.80M	-	$17.10M	$17.10M	$1.30M	$1.30M	$1.30M	$500.00K	$100.00K	$100.00K	-	-	-	-	-	-	-	-	-
United States Segment	-	-	-	-	$16.36M	$20.20M	$28.09M	$45.63M	$46.80M	$42.08M	$47.43M	$47.19M	$40.64M	-	-	-	-	-	-	-

TPI Composites's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Precision Molding And Assembly Systems And Wind Blades (100.00%).

TPI Composites Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$51.10M	$89.17M	$181.84M	$181.94M	$169.32M
INDIA	$241.06M	$217.96M	$200.23M	$91.73M	-
MEXICO	$589.54M	$646.62M	$608.10M	$495.84M	$435.61M
SPAIN	$6.87M	-	-	-	-
TURKEY	-	$568.99M	$482.22M	$373.55M	-
CHINA	-	-	$260.20M	$527.08M	$393.81M
Turkey And India	-	-	-	-	$437.77M

TPI Composites's latest annual revenue breakdown by geography, as of Dec 23: MEXICO (66.35%), INDIA (27.13%), UNITED STATES (5.75%), and SPAIN (0.77%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
MEXICO	$206.34M	$152.46M	$111.06M	$156.86M	$166.98M	$154.64M	$191.99M	$130.40M	$146.14M	$200.33M	$143.17M	$118.46M	$132.61M	$161.56M	$83.42M	$118.25M	$137.89M	$117.69M	-	-
UNITED STATES	$7.42M	$9.22M	$11.94M	$7.18M	$16.36M	$15.62M	$20.20M	$26.76M	$20.66M	$21.56M	$28.09M	$47.70M	$56.76M	$49.29M	$45.63M	$46.80M	$42.08M	$47.43M	$47.19M	$40.64M
SPAIN	$2.36M	$292.00K	$3.16M	$1.93M	$1.39M	$395.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INDIA	$43.05M	$40.76M	$51.85M	$59.56M	$63.35M	$66.29M	$59.86M	$65.97M	$50.25M	$41.89M	$39.88M	$50.25M	$62.45M	$47.64M	-	-	-	-	-	-
TURKEY	-	-	-	-	$133.19M	$167.12M	$162.35M	$127.35M	$129.61M	$149.69M	$135.06M	$129.44M	$105.35M	$112.37M	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	$74.83M	$59.87M	$41.35M	$40.29M	$51.87M	$91.11M	$76.93M	$126.57M	$163.46M	$145.92M	$91.14M	$132.28M	$108.11M
Turkey And India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$102.29M	$102.40M	$99.82M	$104.76M	$117.39M

TPI Composites's latest quarterly revenue breakdown by geography, as of Sep 24: MEXICO (79.62%), INDIA (16.61%), UNITED STATES (2.86%), and SPAIN (0.91%).

TPI Composites Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FLS	Flowserve	$4.32B	$357.07M
DCI	Donaldson Company	$3.59B	$900.10M
ITT	ITT	$3.28B	$885.20M
IEX	IDEX	$3.27B	$798.20M
HI	Hillenbrand	$3.18B	$785.30M
FELE	Franklin Electric	$2.07B	$531.44M
WTS	Watts Water	$2.06B	$543.60M
JBT	John Bean	$1.66B	$453.80M
TPIC	TPI Composites	$1.46B	$380.76M
CR	Crane NXT	$1.39B	$597.20M
BW	Babcock & Wilcox Enterprises	$999.40M	$209.86M
KAI	Kadant	$957.67M	$271.61M
CSWI	CSW Industrials	$792.84M	$227.93M
GRC	Gorman-Rupp Company	$659.51M	$168.18M
EPAC	Enerpac Tool Group	$589.51M	$150.39M
LXFR	Luxfer	$405.00M	$99.40M
IVAC	Intevac	$52.66M	$14.53M
TAYD	Taylor Devices	$44.58M	$11.62M

TPIC Revenue FAQ

What is TPI Composites’s yearly revenue?

TPI Composites's yearly revenue for 2023 was $1.46B, representing a decrease of -4.44% compared to 2022. The company's yearly revenue for 2022 was $1.52B, representing a decrease of -12.11% compared to 2021. TPIC's yearly revenue for 2021 was $1.73B, representing an increase of 3.74% compared to 2020.

What is TPI Composites’s quarterly revenue?

TPI Composites's quarterly revenue for Q3 2024 was $380.76M, a 22.90% increase from the previous quarter (Q2 2024), and a 2.12% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $309.82M, a 3.60% increase from the previous quarter (Q1 2024), and a -18.74% decrease year-over-year (Q2 2023). TPIC's quarterly revenue for Q1 2024 was $299.06M, a 0.70% increase from the previous quarter (Q4 2023), and a -25.99% decrease year-over-year (Q1 2023).

What is TPI Composites’s revenue growth rate?

TPI Composites's revenue growth rate for the last 3 years (2021-2023) was -16.01%, and for the last 5 years (2019-2023) was 1.30%.

What are TPI Composites’s revenue streams?

TPI Composites's revenue streams in c 23 are Precision Molding And Assembly Systems And Wind Blades

What is TPI Composites’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of TPI Composites was Precision Molding And Assembly Systems And Wind Blades. This segment made a revenue of $17.1M, representing 100.00% of the company's total revenue.