TPI Composites, Inc. (TPIC): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique des énergies renouvelables, TPI Composites, Inc. (TPIC) émerge comme une force transformatrice, révolutionnant la fabrication de lame d'éoliennes grâce à des technologies composites innovantes. Avec des partenariats stratégiques couvrant les marchés mondiaux et un engagement envers les solutions énergétiques durables, TPIC s'est positionné comme un acteur critique dans l'écosystème de l'énergie propre, offrant des lames légères et légères qui remodèlent la façon dont nous générons une puissance renouvelable. Leur modèle commercial unique combine l'ingénierie avancée, les collaborations stratégiques et les capacités de fabrication de pointe pour stimuler l'avenir de l'innovation énergétique éolienne.

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les fabricants d'éoliennes

TPI Composites maintient des partenariats critiques avec les principaux fabricants d'éoliennes:

Fabricant	Détails du partenariat	Valeur du contrat
Vestas Wind Systems A / S	Contrat de fabrication à long terme de la lame à long terme	458,2 millions de dollars en 2022 Revenus
Nordex SE	Collaboration de production de lame	127,6 millions de dollars en 2022 Valeur du contrat

Collaborations de développeurs de projets d'énergie renouvelable

Les principaux réseaux collaboratifs comprennent:

• Nextera Energy Resources
• EDP ​​Renewables
• Avangrid Renewables

Accords de chaîne d'approvisionnement

Fournisseur de matières premières	Type de matériau	Volume de l'offre annuelle
Owens Corning	Fibre de verre	12 500 tonnes métriques
Basf se	Résines composites	8 750 tonnes métriques

Coentreprises de fabrication internationale

TPI Composites exploite des coentreprises dans des emplacements stratégiques:

Pays	Usine de fabrication	Capacité de production
Mexique	Complexe de fabrication de Juarez	1 800 lames de vent par an
Turquie	Installation de fabrication d'Izmir	900 lames de vent par an

Partenariats de l'innovation technologique

• Recherche composite des matériaux composites du Massachusetts Institute of Technology (MIT)
• Laboratoire national des énergies renouvelables (NREL) Collaboration de fabrication avancée
• Partenariat de conception de lame de l'Université du Massachusetts

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: Activités clés

Fabrication de lame d'éoliennes

TPI Composites a fabriqué environ 8 500 lames d'éoliennes en 2022, avec une capacité de production totale de 12 installations de fabrication dans le monde.

Lieux de fabrication	Nombre d'installations	Capacité annuelle de production de lame
États-Unis	4	3 500 lames
Chine	3	2 800 lames
Lieux internationaux	5	5 200 lames

Recherche et développement de matériaux composites avancés

TPI Composites a investi 45,7 millions de dollars dans les frais de recherche et développement en 2022.

• Concentrez-vous sur des matériaux composites légers
• Optimisation avancée de conception de lame
• Amélioration des performances des matériaux

Échelle mondiale de fabrication et de production

Le chiffre d'affaires total pour 2022 était de 1,73 milliard de dollars, avec la fabrication de lame éolienne représentant 94% du total des revenus.

Métrique de production	2022 Performance
Production totale de lame	8 500 lames
Installations de fabrication	12 emplacements mondiaux

Conception et ingénierie des composants d'énergie éolienne

L'équipe d'ingénierie se compose d'environ 250 ingénieurs spécialisés axés sur la conception et l'innovation des pales d'éoliennes.

Fabrication et efficacité opérationnelle

Les dépenses opérationnelles en 2022 étaient de 1,62 milliard de dollars, en mettant l'accent sur la réduction des coûts de fabrication et l'amélioration de l'efficacité de la production.

• Processus de fabrication automatisés
• Amélioration continue des processus
• Stratégies de réduction des déchets

TPI Composites, Inc. (TPIC) - Modèle commercial: Ressources clés

Installations de fabrication avancées

TPI Composites exploite des installations de fabrication dans plusieurs pays:

Emplacement	Nombre d'installations	Capacité de fabrication totale
États-Unis	4	3 500 lames d'éoliennes par an
Mexique	3	2 800 lames d'éoliennes par an
Chine	2	1 600 lames d'éoliennes par an
Turquie	1	900 lames d'éoliennes par an

Expertise spécialisée des matériaux composites

Les capacités des matériaux composites clés comprennent:

• Technologies de renforcement avancé
• Fabrication composite en fibre de carbone
• Capacités de conception de lame multi-matériaux

Travail d'ingénierie qualifiée

Composition de la main-d'œuvre en 2023:

Catégorie	Nombre d'employés
Total des employés	6,300
Personnel d'ingénierie	1,200
Spécialistes techniques	950

Technologies de fabrication propriétaires

Les investissements technologiques comprennent:

• Systèmes de fabrication de lame automatisée
• Techniques de perfusion de résine avancées
• Équipement de moulage composite de précision

Propriété intellectuelle

Détails du portefeuille de propriété intellectuelle:

Catégorie IP	Compte total
Brevets actifs	87
Demandes de brevet en instance	24

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: propositions de valeur

Pares d'éoliennes hautes performances et légères

Les composites TPI produisent des lames d'éoliennes avec les spécifications suivantes:

Longueur de lame	Réduction du poids	Efficacité du rendement
Jusqu'à 83 mètres	15 à 20% plus léger que les lames traditionnelles	Augmentation de la capture d'énergie de 3 à 5%

Solutions personnalisées pour le marché de l'énergie éolienne

Les capacités de fabrication de lame comprennent:

• Fabrication pour plusieurs fabricants mondiaux d'éoliennes
• Capacité de 8 500 lames par an
• Installations de production dans 5 pays

Production de lame rentable et durable

Coût de production	Lieux de fabrication	Capacité de production annuelle
300 $ - 500 $ par lame réduction	États-Unis, Chine, Mexique, Turquie, Inde	8 500 lames d'éoliennes

Empreinte carbone réduite grâce à des composants d'énergie renouvelable

Métriques de réduction du carbone:

• Chaque lame réduit les émissions de CO2 d'environ 2 000 tonnes métriques par an
• Potentiel annuel total de compensation du carbone: 17 millions de tonnes métriques

Technologies de matériaux composites innovants

Type de matériau	Augmentation de la force	Réduction du poids
Composites avancés en verre et en fibres de carbone	25 à 30% d'intégrité structurelle plus élevée	20-25% de réduction du poids

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: relations avec les clients

Relations à long terme basées sur les contrats

TPI Composites a établi des accords de fabrication à long terme avec des fabricants d'éoliennes clés. Depuis le troisième trimestre 2023, la société a signalé 5 fabricants mondiaux d'équipement d'éoliennes (OEM) en tant que clients principaux.

Type de client	Durée du contrat	Valeur du contrat annuel
Éolienne OEM 1	5-7 ans	285 millions de dollars
Éolienne OEM 2	4-6 ans	212 millions de dollars

Support technique et collaboration d'ingénierie

La société fournit un soutien technique complet par le biais d'équipes d'ingénierie dédiées.

• Personnel d'ingénierie: 387 ingénieurs spécialisés
• Centres de soutien technique mondial: 4 emplacements
• Temps de réponse moyen: 6-8 heures

Développement de produits personnalisés

Les composites TPI investissent considérablement dans la conception et la fabrication de lames personnalisées.

Investissement en R&D	Projets de conception personnalisés	Coût annuel de développement
4,2% des revenus	18 projets actifs	42,7 millions de dollars

Accords de maintenance et de service continus

L'entreprise offre des services de maintenance complets pour la fabrication de lame d'éoliennes.

• Couverture du contrat de service: 92% des lames fabriquées
• Valeur du contrat de service moyen: 1,5 million de dollars par contrat
• Revenus de service total en 2023: 87,3 millions de dollars

Approche de vente consultative

TPI Composites utilise une méthodologie de vente stratégique axée sur les solutions spécifiques au client.

Taille de l'équipe de vente	Taux d'engagement client	Ratio de conversion des ventes
62 professionnels mondiaux des ventes	78%	45%

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: canaux

Équipe de vente directe

Au quatrième trimestre 2023, les composites TPI maintiennent une équipe de vente directe d'environ 87 représentants commerciaux professionnels axés sur les marchés de l'énergie éolienne.

Conférences de l'industrie de l'énergie éolienne

Nom de conférence	Participation annuelle	Portée estimée
Conférence Windpower	2 conférences / an	3 500 professionnels de l'industrie
Sommet mondial du vent	1 conférence / an	2 800 cadres de l'industrie

Plateformes de marketing technique en ligne

• Réseau d'ingénierie LinkedIn: 12 500 connexions
• Site Web de l'entreprise: 145 000 visiteurs uniques mensuels
• Série de webinaires techniques: 6-8 webinaires par an

Réseaux de partenariat stratégiques

Partenaires stratégiques clés à partir de 2024:

Partenaire	Focus de partenariat	Années de collaboration
Vestas Wind Systems	Fabrication de lame	8 ans
Électrique générale	Solutions d'énergie renouvelable	5 ans

Présence de fabrication mondiale

Emplacement	Installations de fabrication	Capacité de production annuelle
États-Unis	3 installations	4 200 lames d'éoliennes / an
Mexique	4 installations	5 600 lames d'éoliennes / an
Chine	2 installations	2 100 lames d'éoliennes / an

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: segments de clientèle

Fabricants d'équipement d'origine d'éoliennes

TPI Composites sert de grands fabricants d'éoliennes avec des capacités de fabrication de lame:

Fabricant	Volume de production de lame (2023)	État du contrat
Vestas Wind Systems	2 400 lames	Accord de fabrication à long terme
Siemens Gamesa	1 800 lames	Contrat de fabrication pluriannuelle

Développeurs de projets d'énergie renouvelable

Les principaux segments de marché pour les développeurs de projets comprennent:

• Projets d'énergie éolienne à l'échelle des services publics
• Développement du vent à terre
• Infrastructure éolienne offshore

Type de projet	Capacité totale installée (MW)	Part de marché
Vent à l'échelle des services publics	1 250 MW	8.5%
Vent offshore	350 MW	5.2%

Opérateurs éoliens à l'échelle des services publics

TPI Composites soutient les opérateurs de parc éolien à l'échelle des services publics avec fabrication de lame spécialisée:

• Couverture du marché nord-américain
• Capacités opérationnelles internationales

Région	Parcs éoliens opérationnels	Approvisionnement total
États-Unis	42 parcs éoliens	1 600 lames
Europe	28 parcs éoliens	1 100 lames

Investisseurs d'énergie renouvelable du gouvernement et du secteur privé

Segments d'investissement pour les infrastructures d'énergie renouvelable:

• Programmes d'énergie renouvelable du secteur public
• Fonds d'investissement privés
• Investisseurs institutionnels

Type d'investisseur	Investissement total (2023)	Allocation d'énergie éolienne
Fonds gouvernementaux	850 millions de dollars	45%
Fonds d'investissement privés	1,2 milliard de dollars	62%

Marchés internationaux de l'énergie propre

Détails de pénétration du marché mondial:

Région	Présence du marché	Capacité de production de lame
Amérique du Nord	Marché primaire	3 200 lames / an
Europe	Présence significative	2 500 lames / an
Asie-Pacifique	Marché émergent	1 100 lames / an

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: Structure des coûts

Opérations de l'installation de fabrication

TPI Composites exploite plusieurs installations de fabrication avec la ventilation des coûts suivants:

Emplacement	Coût d'exploitation annuel	Taille de l'installation
Mexique	42,3 millions de dollars	200 000 pieds carrés
États-Unis	38,7 millions de dollars	180 000 pieds carrés
Chine	33,5 millions de dollars	150 000 pieds carrés

Achat de matières premières

Coûts d'approvisionnement en matières premières pour 2023:

• Fibre de verre: 127,6 millions de dollars
• Matériaux en résine: 89,4 millions de dollars
• Fibre de carbone: 64,2 millions de dollars

Investissements de recherche et développement

Répartition des dépenses de R&D:

Catégorie	Investissement annuel
Technologie des pales d'éoliennes	22,1 millions de dollars
Matériaux composites avancés	15,3 millions de dollars
Innovation du processus de fabrication	12,7 millions de dollars

Frais de main-d'œuvre et de main-d'œuvre

Structure du coût de la main-d'œuvre pour 2023:

• Total de main-d'œuvre: 7 200 employés
• Coûts de main-d'œuvre annuels totaux: 214,5 millions de dollars
• Compensation moyenne des employés: 29 792 $

Coûts de transport et de logistique

Déchange de dépenses logistiques:

Catégorie de transport	Coût annuel
Lames d'éoliennes d'expédition	47,3 millions de dollars
Transport de matières premières	18,6 millions de dollars
Fret international	22,9 millions de dollars

TPI Composites, Inc. (TPIC) - Modèle d'entreprise: Strots de revenus

Ventes de lame d'éoliennes

Pour l'exercice 2022, les composites TPI ont déclaré des revenus de la lame éolienne de 837,1 millions de dollars. La société a fabriqué 4 140 lames éoliennes en 2022, avec un prix de vente moyen d'environ 202 000 $ par lame.

Année	Revenus totaux de lame éolienne	Nombre de lames fabriquées	Prix ​​de la lame moyen
2022	837,1 millions de dollars	4,140	$202,000

Contrats de fabrication

En 2022, les composites TPI ont généré 1,08 milliard de dollars de revenus totaux, les contrats de fabrication représentant une partie importante de leur flux de revenus.

• Backlog total du contrat au 31 décembre 2022: 1,4 milliard de dollars
• Réalisation du contrat attendu: 2-3 ans

Services d'ingénierie et de conception

TPI Composites a déclaré des revenus de services d'ingénierie de 24,7 millions de dollars en 2022, représentant une conception spécialisée et un support technique pour les projets d'énergie éolienne.

Licence des technologies propriétaires

Les licences technologiques propriétaires ont généré environ 5,2 millions de dollars de revenus pour l'exercice 2022.

Revenus d'expansion du marché mondial

Répartition des revenus du marché mondial pour 2022:

Région	Contribution des revenus	Pourcentage
États-Unis	612,3 millions de dollars	57%
Europe	294,5 millions de dollars	27%
Asie-Pacifique	173,2 millions de dollars	16%

TPI Composites, Inc. (TPIC) - Canvas Business Model: Value Propositions

You're looking at the core value TPI Composites, Inc. delivers to its customers, which are primarily wind turbine Original Equipment Manufacturers (OEMs). It's about de-risking their supply chain while delivering scale and quality.

Independent, global scale manufacturer offering supply chain diversification to OEMs

TPI Composites, Inc. positions itself as a necessary partner for OEMs needing to expand capacity without the capital expenditure burden. The company operates a global footprint, including factories in the U.S., Mexico, and India, plus engineering centers in Denmark and Germany, as of late 2025. This geographic spread helps diversify the supply chain away from single-region risks. In 2024, TPI Composites accounted for approximately 27% of all onshore wind blades globally, measured on a MW-basis, excluding China. For the full year 2025, TPI Composites projects net sales from continuing operations to land between $1.4 billion and $1.5 billion.

High-quality, cost-effective composite wind blades via advanced technology

The value proposition hinges on delivering blades that are both high-quality and cost-competitive. You see this reflected in their pricing power; the Average Sales Price (ASP) for a single wind blade manufactured for customers reached $209 thousand per set in the first quarter of 2025, up from $183 thousand in the first quarter of 2024. Furthermore, the company anticipates a nearly 8% reduction in raw material costs for 2025, driven by better supply chain management, which feeds directly into cost-effectiveness for the OEM. Still, the first quarter of 2025 showed a Gross Loss of ($13,952 thousand), indicating ongoing margin pressure despite volume increases.

Here are some key operational metrics from the first quarter of 2025:

Metric	Q1 2025 Value	Q1 2024 Value
Net Sales (Millions USD)	$336.2	$294.0
Wind Blade Sets Produced	509	488
Installed Manufacturing Lines	34	34
Factory Utilization	70%	67%

Dedicated production lines and long-term contracts for supply security

Supply security is paramount for wind farm developers, and TPI Composites locks this in through dedicated capacity. As of the end of the first quarter of 2025, the company had 36 manufacturing lines dedicated to customers under long-term supply agreements. This commitment is backed by existing relationships; for instance, supply agreements with Vestas and GE Vernova were extended through 2025 as of the fourth quarter of 2024. Demand in Mexico for 2025 was reported to exceed current capacity, prompting ramp-ups to support 24/7 operations across those lines.

BladeAssure™ program for enhanced, validated blade quality and consistency

To address quality concerns inherent in complex composite manufacturing, TPI Composites introduced the BladeAssure™ program in 2024. This is positioned as the Gold Standard process for quality wind blades. The program focuses on introducing advanced technologies to control and validate the manufacturing process, aiming to prevent inconsistencies. This quality focus is a core pillar alongside their LEAN programs.

Full-service offering including post-sale inspection and repair services

The value extends beyond the factory gate. TPI Composites maintains a global team of experienced technicians for best-in-class wind blade service capabilities. This includes preventative services, inspections, and repairs. Revenue from these field service, inspection, and repair activities showed strong growth in the first quarter of 2025, reaching $7.1 million, which was a 38.4% increase year-over-year, supported by increased technician deployment.

Finance: draft 13-week cash view by Friday.

TPI Composites, Inc. (TPIC) - Canvas Business Model: Customer Relationships

You're managing a business where the success hinges on deep, embedded partnerships, which is exactly what TPI Composites, Inc. (TPIC) has built in the wind energy sector. Their customer relationship strategy is all about locking in capacity and co-development with the biggest players.

Deep, long-term contractual relationships with major Original Equipment Manufacturers (OEMs) form the bedrock of TPI Composites, Inc.'s revenue visibility. This isn't transactional selling; it's about securing multi-year commitments. TPI Composites, Inc. delivers high-quality, cost-effective composite solutions through these long-term relationships with leading OEMs in the wind markets. The company has long-term supply agreements in place with four of the industry's top ten OEMs. Specifically, TPI Composites, Inc. extended supply agreements with Vestas and GE Vernova through 2025 during the fourth quarter of 2024.

The core of this relationship is the dedicated production lines within TPI Composites' facilities for specific customers. TPI Composites, Inc. utilizes a collaborative dedicated supplier model, where they dedicate capacity at their facilities in exchange for customer commitments to purchase minimum annual volumes of wind blade sets. As of the first quarter of 2025, the company reported having 36 dedicated manufacturing lines under long-term supply agreements. This commitment to dedicated capacity is a key differentiator, ensuring critical capacity for their partners.

You see this commitment in action through enhanced customer collaboration on new blade model design and transition. TPI Composites, Inc. is actively working with customers on next-generation technology. For instance, demand for blades out of their Mexico factories exceeded current capacity for 2025, prompting them to ramp up lines for 24/7 operations to support these partners. Furthermore, the company is on schedule to reopen its Iowa plant in mid-2025 specifically to support GE Vernova. The Q1 2025 production increase was partly driven by the restart of a previously idled facility in Juarez, Mexico, supporting this collaborative ramp-up.

The management of these high-value relationships is handled through direct sales and service teams managing high-value, complex B2B contracts. TPI Composites, Inc. is headquartered in Scottsdale, Arizona, and operates factories across the U.S., Mexico, Türkiye, and India, with engineering development centers in Denmark and Germany, supporting a global OEM client base. The key OEM customers they serve include:

• General Electric International, Inc. and its affiliates (GE Wind)
• Vestas Wind Systems A/S (Vestas)
• Gamesa Wind US LLC (Gamesa)
• Nordex SE (or Nordex)

A constant focus is placed on operational excellence to improve customer productivity and competitiveness. This focus is critical, especially as the company navigates a strategic review. The goal is to reduce sourcing risk for customers through TPI Composites, Inc.'s quality, reliability, and total delivered cost. Here's a look at how operational metrics tied to capacity utilization, which directly impacts customer fulfillment, looked at the start of 2025:

Metric	Q1 2025	Q4 2024	Q1 2024
Utilization Percentage	70%	77%	67%
Dedicated Manufacturing Lines	36	34	N/A
Manufacturing Lines Installed	36	37	37
Wind Blade Sets Produced (Units)	509	N/A	488

For the full-year 2025 guidance, TPI Composites, Inc. projects line utilization to reach between 80% and 85% across 34 production lines. This planned utilization improvement is a direct measure of their commitment to serving contracted volumes efficiently. If onboarding takes 14+ days longer than planned, churn risk rises, so hitting that 80% target is defintely key for customer satisfaction this year.

TPI Composites, Inc. (TPIC) - Canvas Business Model: Channels

You're looking at how TPI Composites, Inc. (TPIC) gets its product and services to the customer, which is all about long-term contracts and global logistics.

Direct sales force managing long-term, multi-year supply agreements with OEMs

The core of the channel strategy relies on locking in major Original Equipment Manufacturers (OEMs) for years. TPI Composites, Inc. extended supply agreements with Vestas and GE Vernova through 2025. As of the first quarter of 2025, the company had 36 dedicated manufacturing lines under long-term supply agreements. Demand from the U.S. market is expected to push the plants in Mexico to near capacity utilization in 2025. TPI Composites, Inc. serves customers with over 6 million square feet of manufacturing operations globally.

Here's a look at the commitment level:

• Supply agreements extended with Vestas through 2025.
• Supply agreements extended with GE Vernova through 2025.
• Dedicated manufacturing lines as of Q1 2025: 36.

Global manufacturing facilities delivering blades directly to customer assembly sites

The physical delivery channel involves a global footprint designed to serve regional markets efficiently. TPI Composites, Inc. is ramping up production lines in Mexico to support 24/7 operations because demand there exceeds current capacity for 2025. Also, the Iowa plant is scheduled to reopen in mid-2025 to support GE Vernova. For the full year ending December 31, 2025, TPI Composites, Inc. projects Net Sales from Continuing Operations between $1.4 billion and $1.5 billion. The company expects a utilization percentage of approximately 80% to 85% across the 34 installed production lines for 2025. TPI Composites, Inc. produced 6,525 wind blades in 2024.

The manufacturing and delivery network includes facilities in:

Location	Status/Activity
Mexico (Juarez, Matamoros)	Ramping up for 24/7 operations due to high demand
Newton, Iowa, U.S.	Scheduled to reopen mid-2025
Chennai, India	Part of the global hub

The estimated megawatts produced in the first quarter of 2025 was 1,933.

Field service technicians deployed directly to wind farms for repair and inspection

Beyond manufacturing, TPI Composites, Inc. uses its own technicians for aftermarket services, deploying them directly to sites. Field service, inspection, and repair services sales for the three months ended March 31, 2025, reached $7.1 million, up from $5.1 million in the same period of 2024. This represents a 38.4% increase year-over-year for the first quarter. For the full year 2025, Field Services Revenue is projected to increase by more than 50%. For the full year 2024, Field Services sales were $32.8 million.

Investor Relations and public disclosures for capital market access

Access to capital markets is managed through public disclosures, which recently included the initiation of a strategic review by the Board of Directors in May 2025. As of October 31, 2025, the stock price was $0.04. The market capitalization as of that date was $1.86M. Unrestricted cash was $171.9 million as of March 31, 2025.

Key financial disclosure points for capital access:

• Unrestricted Cash (as of 3/31/2025): $171.9 million.
• Stock Price (as of 10/31/2025): $0.04.
• Market Capitalization (as of 10/31/2025): $1.86M.
• 2025 Adjusted EBITDA Margin Guidance: 0% to 2%.

Finance: draft 13-week cash view by Friday.

TPI Composites, Inc. (TPIC) - Canvas Business Model: Customer Segments

You're looking at the core buyers for TPI Composites, Inc. (TPIC) as of late 2025. The focus is almost entirely on the wind energy sector now, following a major strategic shift.

The primary customer base consists of Global Tier 1 Wind Turbine Original Equipment Manufacturers (OEMs). These are the giants you need to keep happy for volume and stability. For the first half of 2025 (H1 2025), the revenue concentration among the top three customers was quite clear:

Key Customer (H1 2025)	Percentage of Total Sales (H1 2025)
GE	41.7%
Vestas	35.7%
Nordex	19.1%

This concentration means that the strategic health of these three relationships dictates a large part of TPI Composites, Inc.'s financial performance. For instance, in Q2 2025, the EMEA segment sales dropped 54.9% year-over-year, mainly due to reductions in customer orders, which directly impacts the OEM segment.

The market context for these OEMs is the global onshore wind sector, excluding China. TPI Composites, Inc. has historically positioned itself as a major supplier in this space, with its market share based on TPI MW relative to global total onshore MW (excl. China) being cited from Wood Mackenzie's "Global Wind Power Market Outlook Q1 2025". The specific market share figure you noted for this segment is approximately 27% of the market share (excl. China).

Another critical segment is driven by product evolution. You have customers requiring next-generation, longer wind blade models. This drives higher pricing, as seen in Q1 2025 when the Average Selling Price (ASP) for wind blades increased to $209,000 per set from $183,000 in the prior year period. This shift in product mix is a key revenue driver, contributing to the 13.9% increase in Wind segment sales in Q1 2025.

Beyond manufacturing, there is a distinct segment of wind farm operators needing field service, inspection, and repair (Field Services). This service revenue is growing strongly, showing a 38.4% increase in Q1 2025, reaching $7.1 million, up from $5.1 million in Q1 2024. For the full year 2025 outlook, Field Services Revenue is projected to increase by over 50%.

Finally, you must account for the strategic exit from a former segment. Previously, the automotive industry, but this segment was divested in 2024. The divestiture of the automotive business to Clear Creek Investments, LLC (CCI) was expected to close on June 30, 2024, allowing TPI Composites, Inc. to focus solely on wind. To put that into perspective, in fiscal 2023, the Automotive business contributed 2% to TPI Composites, Inc.'s total revenues, while Field Service was 3%.

• Field Services sales for the full year 2024 were $32.8 million.
• The company's total net sales for Q1 2025 were $336.2 million.
• The company filed for Chapter 11 reorganization on August 11, 2025.

The next step for you is to review the Key Partners section to see which OEMs are driving the next-generation blade demand.

TPI Composites, Inc. (TPIC) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving TPI Composites, Inc. (TPIC) operations as of late 2025. The cost structure is heavily weighted toward production inputs and labor across its international footprint, which management is actively trying to mitigate through strategic reviews and operational execution.

High cost of goods sold remains a primary pressure point. TPI Composites has noted the ongoing challenge of absorbing or mitigating the impact of price increases in key raw materials. These materials defintely include resin and carbon reinforcements (or fiber) used in the composite wind blades. The company's ability to manage these commodity prices directly impacts its gross margin performance.

Labor costs are significant, especially given the manufacturing footprint. TPI Composites has explicitly cited higher labour costs in Türkiye and Mexico as a factor offsetting revenue improvements in early 2025. This reflects inflationary pressures and the costs associated with ramping up certain Mexican facilities to a 24/7 schedule to meet U.S. demand.

Manufacturing overhead includes facility costs and utilities. While specific dollar amounts for overhead aren't broken out in the latest guidance, these fixed and semi-variable costs are a constant drain, especially when line utilization is not at peak capacity. The 2025 utilization guidance suggests a focus on driving more volume through existing facilities to spread this overhead.

Capital expenditures projected for 2025 are set to support ongoing operations and transitions. TPI Composites has guided capital expenditures at $25 million to $30 million for the full year 2025. This level of investment is necessary for maintaining and optimizing the production lines, including the planned reopening of the Iowa plant mid-2025.

Financing costs are a major component of the overall expense base. As of the first quarter of 2025, TPI Composites reported total debt of approximately $616 million. The prompt specifically calls out interest expense on this debt; the Q1 2025 results confirmed that higher interest expenses were one of the factors offsetting operational improvements, though the exact interest expense dollar amount for the year isn't explicitly provided here, only the debt principal.

Here's a quick look at the key financial metrics and guidance that define the cost and investment side of the TPI Composites business model for 2025:

Cost/Investment Metric	Value/Guidance	Period/Context
Projected Capital Expenditures	$25 million to $30 million	Full Year 2025 Guidance
Total Debt	Approximately $616 million	As of Q1 2025
Net Sales Guidance	$1.4 billion to $1.5 billion	Full Year 2025 Guidance
Adjusted EBITDA Margin Guidance	0% to 2%	Full Year 2025 Guidance
Line Utilization Guidance	80% to 85%	Full Year 2025 Guidance (based on 34 lines)
Q1 2025 Net Sales	$336.2 million	Actual Results

The cost structure is further influenced by specific operational activities that hit the income statement:

• Increased pre-existing warranty charges were noted as a headwind in Q1 2025.
• Costs related to transitioning certain Mexican operations to a continuous schedule were a factor in Q1 2025 expenses.
• Startup and transition costs, while decreasing from prior periods, still weighed on profitability in early 2025.
• The company is actively managing costs through initiatives like 'Blade Assure' and focusing on operational excellence to drive cost-down.

Finance: draft 13-week cash view by Friday.

TPI Composites, Inc. (TPIC) - Canvas Business Model: Revenue Streams

You see the core of TPI Composites, Inc. (TPIC) revenue coming from the manufacturing and sale of wind turbine blades directly to Original Equipment Manufacturers (OEMs). This is the engine of the business, plain and simple. To be fair, this revenue is definitely concentrated among a few key OEM customers, which is a critical point you need to watch closely when assessing risk.

Here's a quick look at the numbers we have for the first quarter of 2025 and the full-year outlook:

Revenue Component/Guidance	Q1 2025 Amount	2025 Full-Year Guidance
Net Sales (Wind Blades, Tooling, Other Wind-Related)	$329.0 million	$1.4 billion to $1.5 billion
Field Service, Inspection, and Repair Sales	$7.1 million	Projected to increase by over 50%
Total Net Sales (Q1 2025 Actual)	$336.2 million	Midpoint of $1.45 billion mentioned by some analysts

The primary revenue stream, categorized as Wind sales which includes wind blades, tooling, and other wind-related sales, hit $329.0 million for the three months ended March 31, 2025. TPI Composites, Inc. has reaffirmed its full-year 2025 net sales guidance from continuing operations to be between $1.4 billion and $1.5 billion.

Also, don't overlook the service side of the business. Revenue from field service, inspection, and repair services is growing nicely, showing real traction. For the first quarter of 2025, this segment grew by 38.4%, reaching $7.1 million compared to $5.1 million in the same period in 2024. This growth was supported by deploying more technicians to revenue-generating projects.

You can break down the revenue sources like this:

• Primary revenue from wind blade manufacturing and sales to OEMs.
• Revenue from tooling and other wind-related sales, bundled with blade sales in Q1 2025 reporting.
• Field service, inspection, and repair services, which grew 38.4% in Q1 2025.
• Revenue is concentrated among a few key OEM customers, a defintely critical point.