NYSE : TGLS
Tecnoglass Inc. — Financial statements
Materials · Building Materials · United States
Last price 38.44 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.71B
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Financial statements
Tecnoglass Inc. (TGLS) reported revenue of 1.05B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.05B | 983.61M | 890.18M | 833.26M | 716.57M | 496.79M |
| Cost of Revenue | 634.66M | 562.20M | 510.21M | 442.33M | 367.07M | 294.20M |
| Gross Profit | 415.42M | 421.41M | 379.97M | 390.93M | 349.50M | 202.58M |
| Selling, General & Admin | 223.60M | 192.36M | 151.23M | 124.83M | 113.91M | 84.55M |
| Other Operating Expenses | 7.64M | 3.37M | 1.75M | 1.32M | 1.22M | 1.05M |
| Operating Expenses | 231.24M | 195.72M | 152.97M | 126.15M | 115.13M | 85.60M |
| Operating Income | 184.18M | 225.69M | 227.00M | 264.79M | 234.37M | 116.98M |
| Interest Expense | -9.80M | -5.96M | -6.22M | -7.93M | -8.16M | -9.85M |
| Earnings From Equity Investments | 78.00K | 2.49M | 5.40M | 5.01M | 6.68M | 4.18M |
| Currency Exchange Gain (Loss) | 9.55M | 3.76M | -5.67M | 686.00K | 2.01M | -4.31M |
| Other Non Operating Income (Expenses) | 5.51M | 5.65M | 4.64M | 3.89M | 4.22M | 608.00K |
| EBT Excluding Unusual Items | 189.52M | 231.62M | 225.16M | 266.44M | 239.12M | 107.61M |
| Merger & Restructuring Charges | -588.00K | |||||
| Gain (Loss) on Sale of Assets | 4.08M | 4.08M | ||||
| Legal Settlements | -5.02M | -4.55M | ||||
| Other Unusual Items | 2.06M | 183.00K | -3.40M | -10.70M | ||
| Pretax Income | 195.66M | 235.29M | 225.16M | 261.41M | 231.17M | 96.91M |
| Income Tax Expense | 65.92M | 75.73M | 63.85M | 77.90M | 74.76M | 28.48M |
| Earnings From Continuing Operations | 129.74M | 159.57M | 161.31M | 183.51M | 156.41M | 68.43M |
| Minority Interest in Earnings | -628.00K | -669.00K | -277.00K | |||
| Net Income | 129.74M | 159.57M | 161.31M | 182.88M | 155.74M | 68.15M |
| Net Income to Common | 129.74M | 159.57M | 161.31M | 182.88M | 155.74M | 68.15M |
| Shares Outstanding (Basic) | 45.43M | 46.68M | 47.00M | 47.51M | 47.67M | 47.67M |
| Shares Outstanding (Diluted) | 45.43M | 46.68M | 47.00M | 47.51M | 47.67M | 47.67M |
| EPS (Basic) | 2.86 | 3.42 | 3.43 | 3.85 | 3.27 | 1.43 |
| EPS (Diluted) | 2.85 | 3.42 | 3.43 | 3.85 | 3.27 | 1.43 |
| Free Cash Flow | -8.87M | 34.49M | 90.97M | 60.87M | 70.59M | 65.74M |
| Free Cash Flow Per Share | -0.20 | 0.74 | 1.94 | 1.28 | 1.48 | 1.38 |
| Dividend Per Share | 0.60 | 0.60 | 0.48 | 0.36 | 0.28 | 0.15 |
| Gross Margin | 39.56% | 42.84% | 42.69% | 46.92% | 48.77% | 40.78% |
| Operating Margin | 17.54% | 22.95% | 25.50% | 31.78% | 32.71% | 23.55% |
| Profit Margin | 12.35% | 16.22% | 18.12% | 21.95% | 21.73% | 13.72% |
| Free Cash Flow Margin | -0.84% | 3.51% | 10.22% | 7.31% | 9.85% | 13.23% |
| EBITDA | 221.90M | 259.09M | 250.67M | 284.45M | 252.23M | 136.60M |
| EBITDA Margin | 21.13% | 26.34% | 28.16% | 34.14% | 35.20% | 27.50% |
| D&A For EBITDA | 37.72M | 33.40M | 23.67M | 19.67M | 17.87M | 19.61M |
| EBIT | 184.18M | 225.69M | 227.00M | 264.79M | 234.37M | 116.98M |
| EBIT Margin | 17.54% | 22.95% | 25.50% | 31.78% | 32.71% | 23.55% |
| Effective Tax Rate | 33.69% | 32.18% | 28.36% | 29.80% | 32.34% | 29.39% |
| Revenue as Reported | 1.05B | 983.61M | 890.18M | 833.26M | 716.57M | 496.79M |
| Advertising Expenses | 2.61M | 2.50M | 2.25M | 1.61M | 1.46M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 80.81M | 100.90M | 134.88M | 129.51M | 103.67M | 85.01M |
| Short-Term Investments | 3.47M | 3.15M | 2.65M | 2.91M | 2.05M | 1.98M |
| Trading Asset Securities | 787.00K | 2.07M | 4.31M | 6.45M | 9.34M | |
| Cash & Short-Term Investments | 85.07M | 106.12M | 141.84M | 138.87M | 115.06M | 86.99M |
| Accounts Receivable | 319.24M | 273.26M | 228.51M | 185.69M | 172.45M | 131.46M |
| Other Receivables | 4.83M | 3.62M | 2.31M | 1.86M | 5.07M | |
| Receivables | 319.24M | 278.09M | 232.13M | 188.00M | 174.31M | 136.52M |
| Inventory | 271.60M | 213.52M | 139.64M | 159.07M | 125.00M | 84.97M |
| Prepaid Expenses | 7.84M | 5.72M | 5.16M | 3.78M | 3.86M | |
| Other Current Assets | 54.30M | 47.98M | 40.67M | 44.66M | 13.98M | 13.93M |
| Total Current Assets | 730.20M | 653.56M | 560.01M | 535.76M | 432.13M | 326.27M |
| Property, Plant & Equipment | 562.12M | 476.16M | 344.43M | 324.59M | 202.87M | 166.63M |
| Long-Term Investments | 55.66M | 57.44M | 63.26M | 60.57M | 57.84M | 51.16M |
| Goodwill | 30.06M | 30.06M | 23.56M | 23.56M | 23.56M | 23.56M |
| Other Intangible Assets | 13.81M | 12.96M | 4.39M | 3.48M | 2.71M | 3.34M |
| Long-Term Accounts Receivable | 30.30M | 22.24M | 15.21M | 8.80M | 10.10M | 15.85M |
| Long-Term Deferred Tax Assets | 329.00K | 1.26M | 285.00K | 169.00K | 558.00K | 596.00K |
| Other Long-Term Assets | 7.42M | 6.72M | 5.50M | 5.79M | 4.54M | 4.16M |
| Total Assets | 1.43B | 1.26B | 1.02B | 962.72M | 734.31M | 591.56M |
| Accounts Payable | 179.54M | 128.69M | 98.84M | 82.78M | 90.19M | 68.09M |
| Current Portion of Long-Term Debt | 5.22M | 427.00K | 1.09M | 7.00M | 504.00K | 10.70M |
| Current Unearned Revenue | 173.82M | 149.44M | 97.98M | 72.54M | 49.60M | 45.21M |
| Other Current Liabilities | 33.13M | 73.18M | 67.92M | 73.56M | 69.51M | 31.02M |
| Total Current Liabilities | 392.65M | 351.75M | 265.83M | 235.89M | 209.80M | 155.01M |
| Long-Term Debt | 216.23M | 171.16M | 108.11M | 162.68M | 168.59M | 188.05M |
| Long-Term Leases | 3.01M | 41.00K | 111.00K | 327.00K | 395.00K | 306.00K |
| Long-Term Unearned Revenue | 1.04M | 1.99M | 14.00K | 11.00K | 78.00K | |
| Long-Term Deferred Tax Liabilities | 28.18M | 22.40M | 11.42M | 15.79M | 5.19M | 3.42M |
| Total Liabilities | 641.12M | 547.34M | 385.46M | 414.70M | 383.98M | 346.87M |
| Common Stock | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K |
| Additional Paid-In Capital | 153.35M | 153.36M | 192.09M | 192.38M | 219.29M | 219.29M |
| Retained Earnings | 715.15M | 672.02M | 540.25M | 401.49M | 235.71M | 93.32M |
| Treasury Stock | -95.68M | -79.22M | ||||
| Comprehensive Income & Other | 15.94M | -33.11M | -101.16M | -45.86M | -106.19M | -68.75M |
| Total Common Equity | 788.77M | 713.05M | 631.18M | 548.02M | 348.82M | 243.86M |
| Minority Interest | 1.50M | 836.00K | ||||
| Shareholders' Equity | 788.77M | 713.05M | 631.18M | 548.02M | 350.32M | 244.70M |
| Total Liabilities & Equity | 1.43B | 1.26B | 1.02B | 962.72M | 734.31M | 591.56M |
| Total Debt | 225.39M | 171.63M | 109.31M | 170.01M | 169.48M | 199.06M |
| Net Cash (Debt) | -140.33M | -65.51M | 32.53M | -31.14M | -54.42M | -112.07M |
| Net Cash Per Share | -3.09 | -1.40 | 0.69 | -0.66 | -1.14 | -2.35 |
| Filing Date Shares Outstanding | 44.36M | 44.74M | 46.99M | 47.00M | 47.67M | 47.67M |
| Total Common Shares Outstanding | 44.36M | 44.74M | 46.99M | 47.00M | 47.67M | 47.67M |
| Working Capital | 337.54M | 301.81M | 294.18M | 299.87M | 222.33M | 171.26M |
| Book Value Per Share | 17.78 | 15.94 | 13.43 | 11.66 | 7.32 | 5.12 |
| Tangible Book Value | 744.90M | 670.03M | 603.23M | 520.98M | 322.55M | 216.96M |
| Tangible Book Value Per Share | 16.79 | 14.98 | 12.84 | 11.09 | 6.77 | 4.55 |
| Land | 83.38M | 56.14M | 40.03M | 28.61M | 24.89M | |
| Buildings | 189.27M | 125.86M | 125.50M | 66.92M | 61.38M | |
| Machinery | 407.65M | 308.30M | 305.68M | 209.14M | 187.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 129.74M | 159.57M | 161.31M | 182.88M | 155.74M | 68.15M |
| Depreciation & Amortization | 38.29M | 33.40M | 23.67M | 19.67M | 17.87M | 19.61M |
| Other Amortization | 4.05M | 4.30M | 4.02M | 3.45M | 3.19M | 2.68M |
| Loss (Gain) From Sale of Assets | 663.00K | -4.08M | ||||
| Loss (Gain) on Equity Investments | -78.00K | -2.49M | -5.40M | -5.01M | -6.68M | -4.18M |
| Provision & Write-off of Bad Debts | 2.94M | 2.61M | 857.00K | 2.81M | 643.00K | 1.60M |
| Other Operating Activities | -18.58M | -15.17M | 10.25M | -16.69M | 21.52M | 21.15M |
| Change in Accounts Receivable | -23.66M | 6.01M | -30.07M | 13.09M | -38.01M | -9.92M |
| Change in Inventory | -56.91M | -45.08M | -2.88M | -522.00K | -63.94M | -16.75M |
| Change in Accounts Payable | 17.66M | 8.12M | 14.66M | -17.43M | 7.22M | 38.00M |
| Change in Income Taxes | -24.45M | -3.81M | -4.34M | -12.85M | 45.25M | 16.12M |
| Change in Other Net Operating Assets | 12.45M | -7.62M | -1.54M | -30.57M | -891.00K | -19.21M |
| Operating Cash Flow | 82.11M | 135.75M | 170.53M | 138.83M | 141.92M | 117.25M |
| Capital Expenditures | -90.98M | -101.26M | -79.56M | -77.96M | -71.33M | -51.51M |
| Sale of Property, Plant & Equipment | 12.31M | 130.00K | ||||
| Cash Acquisitions | -6.84M | |||||
| Investment in Securities | -1.20M | -677.00K | -429.00K | -339.00K | -1.26M | 622.00K |
| Other Investing Activities | 2.26M | 8.91M | 2.70M | 2.28M | ||
| Investing Cash Flow | -89.93M | -87.55M | -77.29M | -76.02M | -72.58M | -50.76M |
| Long-Term Debt Issued | 175.97M | 2.53M | 196.00K | 49.00K | 221.35M | |
| Long-Term Debt Repaid | -114.36M | -64.55M | -31.98M | -249.80M | ||
| Net Debt Issued (Repaid) | 110.17M | 61.60M | -62.02M | 196.00K | -31.93M | -28.45M |
| Repurchase of Common Stock | -134.08M | -117.95M | -291.00K | -23.54M | ||
| Common Dividends Paid | -27.40M | -28.13M | -19.74M | -16.43M | -12.87M | -5.24M |
| Other Financing Activities | -1.04M | -1.04M | -2.50M | -3.00M | -10.10M | |
| Financing Cash Flow | -52.35M | -85.53M | -84.55M | -42.77M | -44.80M | -43.79M |
| Foreign Exchange Rate Adjustments | 3.08M | 3.34M | -3.32M | 5.79M | -5.88M | -5.36M |
| Net Cash Flow | -57.09M | -33.98M | 5.37M | 25.84M | 18.66M | 17.34M |
| Free Cash Flow | -8.87M | 34.49M | 90.97M | 60.87M | 70.59M | 65.74M |
| Free Cash Flow Margin | -0.84% | 3.51% | 10.22% | 7.31% | 9.85% | 13.23% |
| Free Cash Flow Per Share | -0.20 | 0.74 | 1.94 | 1.28 | 1.48 | 1.38 |
| Levered Free Cash Flow | -22.25M | 31.08M | 100.68M | 45.46M | 78.31M | 65.58M |
| Unlevered Free Cash Flow | -16.81M | 33.87M | 103.36M | 49.18M | 82.03M | 70.37M |
| Cash Interest Paid | 7.96M | 6.60M | 9.98M | 11.62M | 6.42M | 15.53M |
| Cash Income Tax Paid | 80.36M | 76.11M | 86.60M | 107.15M | 27.19M | 13.40M |
| Change in Working Capital | -74.91M | -42.38M | -24.17M | -48.28M | -50.36M | 8.24M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.79B | 2.34B | 3.73B | 2.18B | 1.47B | 1.25B |
| Enterprise Value | 1.93B | 2.33B | 3.72B | 2.22B | 1.54B | 1.36B |
| Last Close Price | 38.51 | 49.77 | 77.73 | 44.45 | 29.66 | 24.94 |
| PE Ratio | 14.15 | 14.69 | 23.11 | 11.92 | 9.42 | 18.32 |
| Forward PE | 14.51 | 12.91 | 18.96 | 11.33 | 8.90 | 15.04 |
| PS Ratio | 1.69 | 2.38 | 4.19 | 2.62 | 2.05 | 2.51 |
| PB Ratio | 2.17 | 3.29 | 5.91 | 3.98 | 4.19 | 5.10 |
| P/TBV Ratio | 2.39 | 3.50 | 6.18 | 4.18 | 4.55 | 5.75 |
| P/FCF Ratio | 67.94 | 40.98 | 35.80 | 20.78 | 18.99 | |
| P/OCF Ratio | 21.66 | 17.26 | 21.86 | 15.70 | 10.34 | 10.65 |
| PEG Ratio | 0.66 | 0.59 | 0.86 | 0.52 | 0.41 | 0.68 |
| EV/Sales Ratio | 1.83 | 2.37 | 4.18 | 2.66 | 2.15 | 2.74 |
| EV/EBITDA Ratio | 8.65 | 8.98 | 14.86 | 7.80 | 6.11 | 9.98 |
| EV/EBIT Ratio | 10.42 | 10.31 | 16.40 | 8.38 | 6.58 | 11.65 |
| EV/FCF Ratio | 67.44 | 40.93 | 36.47 | 21.83 | 20.74 | |
| Debt / Equity Ratio | 0.29 | 0.24 | 0.17 | 0.31 | 0.48 | 0.81 |
| Debt / EBITDA Ratio | 1.01 | 0.66 | 0.44 | 0.60 | 0.67 | 1.46 |
| Debt / FCF Ratio | 4.98 | 1.20 | 2.79 | 2.40 | 3.03 | |
| Net Debt / Equity Ratio | 0.18 | 0.09 | -0.05 | 0.06 | 0.15 | 0.46 |
| Net Debt / EBITDA Ratio | 0.63 | 0.25 | -0.13 | 0.11 | 0.22 | 0.82 |
| Net Debt / FCF Ratio | -15.81 | 1.90 | -0.36 | 0.51 | 0.77 | 1.71 |
| Asset Turnover | 0.80 | 0.86 | 0.90 | 0.98 | 1.08 | 0.89 |
| Inventory Turnover | 2.83 | 3.18 | 3.42 | 3.11 | 3.50 | 3.54 |
| Quick Ratio | 1.03 | 1.09 | 1.41 | 1.39 | 1.38 | 1.44 |
| Current Ratio | 1.86 | 1.86 | 2.11 | 2.27 | 2.06 | 2.10 |
| Return on Equity (ROE) | 17.02% | 23.74% | 27.36% | 40.86% | 52.57% | 30.20% |
| Return on Assets (ROA) | 8.82% | 12.39% | 14.34% | 19.50% | 22.10% | 13.04% |
| Return on Invested Capital (ROIC) | 13.81% | 22.23% | 27.62% | 37.78% | 41.65% | 22.95% |
| Return on Capital Employed (ROCE) | 17.80% | 24.80% | 30.20% | 36.40% | 44.70% | 26.80% |
| Earnings Yield | 7.07% | 6.81% | 4.33% | 8.39% | 10.62% | 5.46% |
| FCF Yield | -0.50% | 1.47% | 2.44% | 2.79% | 4.81% | 5.27% |
| Dividend Yield | 1.49% | 1.15% | 0.60% | 0.78% | 0.91% | 0.57% |
| Payout Ratio | 21.02% | 17.63% | 12.24% | 8.98% | 8.26% | 7.69% |
| Buyback Yield / Dilution | 3.32% | 0.68% | 1.08% | 0.35% | -2.75% | |
| Total Shareholder Return | 4.81% | 1.82% | 1.68% | 1.12% | 0.91% | -2.18% |