Westport Fuel Systems Inc. (WPRT) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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WPRT Revenue Growth
Revenue Breakdown (FY 2020)
WPRT's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
By Geography
WPRT Revenue Analysis (2013–2024)
As of May 8, 2026, Westport Fuel Systems Inc. (WPRT) generated trailing twelve-month (TTM) revenue of $160.2 million, reflecting significant decline in growth of -97.6% year-over-year. The most recent quarter (Q3 2025) recorded $1.6 million in revenue, down 87.1% sequentially.
Looking at the longer-term picture, WPRT's 5-year compound annual growth rate (CAGR) stands at -0.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $331.8 million in 2023.
Revenue diversification analysis shows WPRT's business is primarily driven by Cummins Westport Inc (51%), IAM (33%), and OEM (16%). With over half of revenue concentrated in Cummins Westport Inc, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CLNE (+5.5% YoY), HYLN (+130.3% YoY), and PESI (-0.9% YoY), WPRT has underperformed the peer group in terms of revenue growth. Compare WPRT vs CLNE →
WPRT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| $160M | -97.6% | -0.2% | -8.2% | ||
| $425M | +5.5% | +7.8% | -22.1% | ||
| $3M | +130.3% | - | -1886.4% | ||
| $62M | -0.9% | -10.2% | -19.0% | ||
| $1.8B | -18.8% | +7.4% | 16.4% | ||
| $3.0B | +14.0% | +7.7% | 32.3% |
WPRT Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $302.3M | -8.9% | $57.6M | 19.1% | $-24,669,000 | -8.2% |
| 2023 | $331.8M | +8.5% | $48.9M | 14.7% | $-45,883,000 | -13.8% |
| 2022 | $305.7M | -2.1% | $36.2M | 11.8% | $-43,826,000 | -14.3% |
| 2021 | $312.4M | +23.7% | $48.2M | 15.4% | $-30,546,000 | -9.8% |
| 2020 | $252.5M | -17.3% | $39.5M | 15.7% | $-21,989,000 | -8.7% |
| 2019 | $305.3M | +13.0% | $68.3M | 22.4% | $-21,393,000 | -7.0% |
| 2018 | $270.3M | +9.4% | $64.2M | 23.8% | $-52,718,000 | -19.5% |
| 2017 | $247.1M | +9.9% | $64.1M | 26.0% | $-64,934,000 | -26.3% |
| 2016 | $224.9M | +117.7% | $48.3M | 21.5% | $-121,780,000 | -54.1% |
| 2015 | $103.3M | -20.9% | $20.0M | 19.4% | $-110,637,000 | -107.1% |
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Start ComparisonWPRT — Frequently Asked Questions
Quick answers to the most common questions about buying WPRT stock.
Is WPRT's revenue growth accelerating or slowing?
WPRT revenue declined -97.6% year-over-year, contrasting with the 5-year CAGR of -0.2%. TTM revenue fell to $160M. This reverses the prior growth trend.
What is WPRT's long-term revenue growth rate?
Westport Fuel Systems Inc.'s 5-year revenue CAGR of -0.2% reflects the variable expansion pattern. Current YoY growth of -97.6% is below this long-term average.
How is WPRT's revenue distributed by segment?
WPRT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.