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TGLS

Tecnoglass Inc.

TGLS

Tecnoglass Inc. • NYSE
$49.78 ▲ 1.43% (+0.70)
Market Cap $2.34 B
52w High $90.34
52w Low $44.26
Dividend Yield 0.60%
P/E 12.96
Volume 286.36K
Outstanding Shares 46.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $260.479M ▲ $45.937M ▼ $47.188M ▲ 18.116% ▲ $1.01 ▲ $77.951M ▲
Q2-2025 $255.546M ▲ $53.131M ▲ $44.083M ▲ 17.251% ▼ $0.94 ▲ $72.721M ▲
Q1-2025 $222.288M ▼ $38.196M ▼ $42.189M ▼ 18.979% ▼ $0.9 ▼ $68.519M ▼
Q4-2024 $239.573M ▲ $39.352M ▼ $47.016M ▼ 19.625% ▼ $1 ▼ $75.485M ▼
Q3-2024 $238.327M $41.538M $49.535M 20.784% $1.05 $78.266M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $127.071M ▼ $1.228B ▲ $464.11M ▲ $763.967M ▲
Q2-2025 $140.854M ▼ $1.181B ▲ $445.208M ▼ $736.001M ▲
Q1-2025 $160.158M ▲ $1.138B ▲ $453.152M ▲ $685.137M ▲
Q4-2024 $137.527M ▲ $1.017B ▲ $385.465M ▲ $631.183M ▲
Q3-2024 $124.778M $996.273M $382.966M $613.307M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $47.188M ▲ $39.986M ▲ $-19.358M ▲ $-35.643M ▼ $-13.916M ▲ $21.23M ▲
Q2-2025 $44.083M ▲ $26.776M ▼ $-39.351M ▼ $-7.487M ▼ $-19.395M ▼ $-5.739M ▼
Q1-2025 $42.189M ▼ $46.898M ▼ $-18.19M ▲ $-7.437M ▲ $22.42M ▲ $16.474M ▼
Q4-2024 $47.016M ▼ $61.126M ▲ $-25.803M ▼ $-21.149M ▲ $12.792M ▲ $35.436M ▲
Q3-2024 $49.535M $41.461M $-23.684M $-23.073M $-4.715M $17.776M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Commercial
Commercial
 $0 ▲$130.00M ▲$150.00M ▲$150.00M ▲
Residential
Residential
 $0 ▲$90.00M ▲$110.00M ▲$110.00M ▲
Fixed Price Contracts
Fixed Price Contracts
 $40.00M ▲$0 ▼$0 ▲$0 ▲
Product Sales
Product Sales
 $190.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past five years, showing a clear growth trajectory as Tecnoglass has scaled its business. Profitability has generally improved along the way, with healthy margins that are relatively high for a manufacturer. However, in the most recent year, profits slipped a bit even though sales kept growing. That suggests some pressure from costs, pricing, or product mix, and it’s worth watching whether this is a one‑off normalization after very strong years or the start of a trend of margin tightening. Overall, the income statement reflects a growing company that remains solidly profitable, but with early signs that the exceptionally strong profitability of the prior couple of years may be easing back toward more typical levels.

Balance Sheet

Balance Sheet The balance sheet looks meaningfully stronger than it did a few years ago. Total assets and shareholders’ equity have expanded, indicating that the company has been building its asset base and retaining more value in the business. Debt has been gradually reduced, while cash levels have stayed broadly stable, which points to lower financial risk and a more conservative capital structure than in the past. This combination—more equity, less debt, and a larger asset base—gives Tecnoglass more flexibility to navigate construction cycles, but it still operates in a cyclical industry where demand can swing with economic conditions.

Cash Flow

Cash Flow Tecnoglass has consistently generated positive cash flow from its operations, which is an important sign that reported earnings are backed by real cash. Free cash flow has remained positive each year even as the company has ramped up investment in its production facilities and capabilities. Capital spending has grown over time, showing a willingness to reinvest in the business rather than simply harvesting near‑term profits. The trade‑off is that heavier investment can weigh on near‑term free cash flow, but it can also support capacity, efficiency, and product innovation. Overall, the cash flow profile is healthy and internally funded, not overly dependent on borrowing.

Competitive Edge

Competitive Edge The company has carved out a strong niche in architectural glass and windows, especially in demanding coastal and hurricane‑prone markets like Florida. Its competitive edge rests heavily on vertical integration—controlling glass, aluminum, and final assembly—which supports cost control, consistent quality, and customization. Manufacturing in Colombia adds a meaningful cost advantage and allows for relatively quick shipping to the U.S. East Coast, reinforcing its position in that region. A broad, customizable product range and long‑standing customer relationships further support its moat. On the risk side, the business remains exposed to construction cycles, competitive responses from larger global players, possible concentration in certain geographies, and political or currency risks tied to its production base.

Innovation and R&D

Innovation and R&D Tecnoglass has built a reputation around specialized, higher‑performance products rather than commodity glass. Its hurricane‑resistant and energy‑efficient glass lines address strict building codes and growing demand for efficiency, helping differentiate it from lower‑end competitors. The company continues to invest in manufacturing technologies that improve quality, design flexibility, and efficiency, such as advanced bending and optical‑quality processes. It is also branching into adjacent areas like vinyl windows and weather‑resistant door systems, which can expand its addressable market but also require careful execution and market acceptance. Future growth will depend on how well it can keep innovating around energy efficiency, evolving building codes, and automation, while successfully scaling newer product lines and entering new regions.

Summary

Tecnoglass presents the profile of a fast‑growing, niche construction materials company that has moved from modest scale to a much larger, more profitable operation over the last five years. Its income statement shows strong growth with solid margins, though the latest year hints at some margin pressure. The balance sheet has improved noticeably, with more equity and less reliance on debt, while cash flows have been consistently positive and sufficient to fund increased investment. Competitively, the company benefits from vertical integration, a cost‑advantaged manufacturing base, strong positions in hurricane‑ and energy‑sensitive markets, and a diverse product offering. Its ongoing investment in specialized glass technologies, energy‑efficient solutions, and new product categories underpins its growth story. At the same time, exposure to construction cycles, geographic concentration, and operating in an emerging‑market manufacturing base introduce meaningful uncertainties that need to be weighed alongside its advantages.

NEWS

November 10, 2025 · 7:00 AM UTC

Tecnoglass to Attend the Baird 2025 Global Industrial Conference

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November 6, 2025 · 7:00 AM UTC

Tecnoglass Reports Third Quarter 2025 Results

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October 23, 2025 · 7:00 AM UTC

Tecnoglass Sets Date for Third Quarter 2025 Results

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September 16, 2025 · 7:00 AM UTC

Tecnoglass to Attend the D.A. Davidson 24th Annual Diversified Industrials & Services Conference

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September 11, 2025 · 7:00 AM UTC

Tecnoglass Announces Third Quarter 2025 Dividend

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