TGLS · Tecnoglass Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $983.61M | $890.18M | $833.26M | $716.57M | $496.79M | $374.92M |
| Cost of Revenue | $562.20M | $510.21M | $442.33M | $367.07M | $294.20M | $235.67M |
| Gross Profit | $421.41M | $379.97M | $390.93M | $349.50M | $202.58M | $139.25M |
| R&D | - | - | - | - | - | - |
| SG&A | $90.88M | $71.67M | $63.11M | $54.08M | $35.83M | $34.17M |
| Total Operating Expenses | $196.31M | $152.97M | $131.17M | $123.08M | $85.60M | $73.13M |
| D&A | $36.77M | $26.47M | $21.88M | $19.69M | $20.92M | $20.59M |
| Operating Income | $230.74M | $227.00M | $259.76M | $226.41M | $116.98M | $66.12M |
| Interest Expense | $5.96M | $6.22M | $7.93M | $6.79M | $8.46M | $21.67M |
| Income Tax | $75.73M | $63.85M | $77.90M | $74.76M | $28.48M | $13.00M |
| Net Income | $159.57M | $161.31M | $182.88M | $155.74M | $68.43M | $24.21M |
| EPS - Basic | $3.42 | $3.43 | $3.85 | $3.28 | $1.43 | $0.52 |
| EPS - Diluted | $3.42 | $3.43 | $3.85 | $3.28 | $1.43 | $0.52 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $100.90M | $134.88M | $129.51M | $103.67M | $85.01M | $66.90M |
| Accounts Receivable | $239.45M | $202.91M | $166.50M | $158.40M | $110.54M | $88.37M |
| Inventory | $213.52M | $139.64M | $159.07M | $125.00M | $84.97M | $80.74M |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $653.56M | $560.01M | $535.76M | $432.13M | $326.27M | $286.80M |
| Total Assets | $1.26B | $1.02B | $962.72M | $734.31M | $591.56M | $532.02M |
| Current Liabilities | $351.75M | $265.83M | $235.89M | $209.80M | $155.01M | $91.54M |
| Long-term Debt | $171.20M | $108.22M | $163.00M | $168.98M | $188.35M | $222.72M |
| Total Liabilities | $547.34M | $385.46M | $414.70M | $383.98M | $346.87M | $319.06M |
| Stockholders' Equity | $713.05M | $631.18M | $548.02M | $348.82M | $243.86M | $212.38M |
| Retained Earnings | $670.56M | $538.79M | $400.04M | $234.25M | $91.05M | $34.33M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $135.75M | $170.53M | $138.83M | $141.92M | $117.25M | $71.43M |
| Investing Cash Flow | ($87.55M) | ($77.29M) | ($76.02M) | ($72.58M) | ($50.76M) | ($18.06M) |
| Financing Cash Flow | ($85.53M) | ($84.55M) | ($42.77M) | ($44.80M) | ($43.79M) | ($33.54M) |
| CapEx | $101.26M | $79.56M | $77.96M | $71.33M | $51.51M | $18.32M |
| Free Cash Flow | $34.49M | $90.97M | $60.87M | $70.59M | $65.74M | $53.11M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 42.8% | 42.7% | 46.9% | 48.8% | 40.8% | 37.1% |
| Operating margin | 23.5% | 25.5% | 31.2% | 31.6% | 23.5% | 17.6% |
| EBITDA margin | 27.2% | 28.5% | 33.8% | 34.3% | 27.8% | 23.1% |
| Net margin | 16.2% | 18.1% | 21.9% | 21.7% | 13.8% | 6.5% |
| Free cash flow margin | 3.5% | 10.2% | 7.3% | 9.9% | 13.2% | 14.2% |
| FCF / Net income | 0.22 | 0.56 | 0.33 | 0.45 | 0.96 | 2.19 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.2% | 8.1% | 7.6% | 7.5% | 7.2% | 9.1% |
| Effective tax rate | 32.2% | 28.4% | 29.9% | 32.4% | 29.4% | 34.9% |
| Return on assets | 12.7% | 15.9% | 19.0% | 21.2% | 11.6% | 4.6% |
| Return on equity | 22.4% | 25.6% | 33.4% | 44.6% | 28.1% | 11.4% |
| Return on invested capital | 17.7% | 22.0% | 25.6% | 29.5% | 19.1% | 9.9% |
| Liquidity | ||||||
| Current ratio | 1.86 | 2.11 | 2.27 | 2.06 | 2.10 | 3.13 |
| Quick ratio | 1.25 | 1.58 | 1.60 | 1.46 | 1.56 | 2.25 |
| Cash ratio | 0.29 | 0.51 | 0.55 | 0.49 | 0.55 | 0.73 |
| Leverage | ||||||
| Debt / Equity | 0.24 | 0.17 | 0.30 | 0.48 | 0.77 | 1.05 |
| Debt / Assets | 0.14 | 0.11 | 0.17 | 0.23 | 0.32 | 0.42 |
| Debt / EBITDA | 0.64 | 0.43 | 0.58 | 0.69 | 1.37 | 2.57 |
| Interest coverage | 38.7x | 36.5x | 32.7x | 33.4x | 13.8x | 3.1x |
| Equity multiplier | 1.77 | 1.61 | 1.76 | 2.11 | 2.43 | 2.51 |
| Liabilities / Assets | 0.43 | 0.38 | 0.43 | 0.52 | 0.59 | 0.60 |
| Efficiency | ||||||
| Asset turnover | 0.78 | 0.88 | 0.87 | 0.98 | 0.84 | 0.70 |
| Inventory turnover | 2.63 | 3.65 | 2.78 | 2.94 | 3.46 | 2.92 |
| Days sales outstanding | 89d | 83d | 73d | 81d | 81d | 86d |
| Days inventory outstanding | 139d | 100d | 131d | 124d | 105d | 125d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 14.7x | 23.1x | 11.9x | 9.4x | 18.3x | 13.3x |
| P / B | 3.3x | 5.9x | 4.0x | 4.2x | 5.1x | 1.5x |
| P / S | 2.4x | 4.2x | 2.6x | 2.0x | 2.5x | 0.9x |
| EV / EBITDA | 9.0x | 14.6x | 7.8x | 6.2x | 9.8x | 5.5x |
| Growth | ||||||
| Revenue growth (YoY) | 10.5% | 6.8% | 16.3% | 44.2% | 32.5% | -13.0% |
| Revenue CAGR (3y) | 11.1% | 21.5% | 30.5% | 18.5% | 10.2% | 6.0% |
| Revenue CAGR (5y) | 21.3% | 15.6% | 17.6% | 17.9% | 10.2% | 9.4% |
| Gross profit growth (YoY) | 10.9% | -2.8% | 11.9% | 72.5% | 45.5% | 2.5% |
| Operating income growth (YoY) | 1.6% | -12.6% | 14.7% | 93.5% | 76.9% | 12.4% |
| Net income growth (YoY) | -1.1% | -11.8% | 17.4% | 127.6% | 182.6% | -1.3% |
| EPS growth (YoY) | -0.3% | -10.9% | 17.4% | 129.4% | 175.0% | -5.5% |
| EPS CAGR (3y) | 1.4% | 33.9% | 94.9% | 81.3% | 86.6% | 48.1% |
| EPS CAGR (5y) | 45.7% | 44.2% | 77.3% | 83.0% | 13.2% | - |
| FCF growth (YoY) | -62.1% | 49.5% | -13.8% | 7.4% | 23.8% | 2872.1% |
| FCF CAGR (5y) | -8.3% | 119.5% | - | 57.9% | - | - |
| Book value growth (YoY) | 13.0% | 15.2% | 57.1% | 43.0% | 14.8% | 13.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.95B totalWindows And Architectural Systems$922.20M · 31.3%
Product Sales$720.03M · 24.4%
Commercial$580.19M · 19.7%
Residential$403.42M · 13.7%
Fixed Price Contracts$263.58M · 8.9%
Glass And Framing Components$61.41M · 2.1%
Geographic
$983.61M totalUS$932.93M · 94.8%
CO$31.69M · 3.2%
Other$18.23M · 1.9%
PA$760.0K · 0.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.52
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Flat Glass
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| VIEW | $101.33M | -332.7% | -152.9% |
Comparing Tecnoglass Inc. against the 1 most active filer in the same SIC group.
Dividends
$0.30/share trailing 12 months · -42.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.1500 |
| Jun 30, 2025 | $0.1500 |
| Mar 31, 2025 | $0.1500 |
| Dec 31, 2024 | $0.1500 |
| Sep 30, 2024 | $0.1100 |
| Jun 28, 2024 | $0.1100 |
| Mar 27, 2024 | $0.1100 |
| Dec 28, 2023 | $0.0900 |
| Sep 28, 2023 | $0.0900 |
| Jun 29, 2023 | $0.0900 |
| Mar 30, 2023 | $0.0900 |
| Dec 29, 2022 | $0.0750 |
| Sep 29, 2022 | $0.0750 |
| Jun 29, 2022 | $0.0650 |
| Mar 30, 2022 | $0.0650 |
| Dec 30, 2021 | $0.0650 |
| Sep 29, 2021 | $0.0280 |
| Jun 29, 2021 | $0.0280 |
| Mar 30, 2021 | $0.0280 |
| Dec 30, 2020 | $0.0280 |
| Sep 29, 2020 | $0.0280 |
| Jul 7, 2020 | $0.0280 |
| Mar 30, 2020 | $0.0280 |
| Nov 27, 2019 | $0.1400 |