Flagship explainer

How TPI Composites, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$918M · 100%Cost of revenue$1.0B · 109%Gross profit−$111M · −12%Operating income−$179M · −20%Income before tax−$321M · −35%Income tax$3.7M · 0%Net income−$341M · −37%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$918M100%
Cost of revenue$1.0B109%
−$111M−12%
−$179M−20%
Income before tax−$321M−35%
Income tax$3.7M0%
−$341M−37%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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