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Side-by-side financial comparison of APPIAN CORP (APPN) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $202.9M, roughly 1.2× APPIAN CORP). Tecnoglass Inc. runs the higher net margin — 10.6% vs -2.5%, a 13.2% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 12.8%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
APPN vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $245.3M |
| Net Profit | $-5.1M | $26.1M |
| Gross Margin | 64.8% | 40.0% |
| Operating Margin | -0.3% | 18.3% |
| Net Margin | -2.5% | 10.6% |
| Revenue YoY | 21.7% | 2.4% |
| Net Profit YoY | 62.6% | -44.5% |
| EPS (diluted) | $-0.06 | $0.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $202.9M | $245.3M | ||
| Q3 25 | $187.0M | $260.5M | ||
| Q2 25 | $170.6M | $255.5M | ||
| Q1 25 | $166.4M | $222.3M | ||
| Q4 24 | $166.7M | $239.6M | ||
| Q3 24 | $154.1M | $238.3M | ||
| Q2 24 | $146.4M | $219.7M | ||
| Q1 24 | $149.8M | $192.6M |
| Q4 25 | $-5.1M | $26.1M | ||
| Q3 25 | $7.8M | $47.2M | ||
| Q2 25 | $-312.0K | $44.1M | ||
| Q1 25 | $-1.2M | $42.2M | ||
| Q4 24 | $-13.6M | $47.0M | ||
| Q3 24 | $-2.1M | $49.5M | ||
| Q2 24 | $-43.6M | $35.0M | ||
| Q1 24 | $-32.9M | $29.7M |
| Q4 25 | 64.8% | 40.0% | ||
| Q3 25 | 75.8% | 42.7% | ||
| Q2 25 | 74.3% | 44.7% | ||
| Q1 25 | 76.6% | 43.9% | ||
| Q4 24 | 67.8% | 44.5% | ||
| Q3 24 | 75.9% | 45.8% | ||
| Q2 24 | 73.1% | 40.8% | ||
| Q1 24 | 74.6% | 38.8% |
| Q4 25 | -0.3% | 18.3% | ||
| Q3 25 | 7.0% | 25.1% | ||
| Q2 25 | -6.4% | 24.0% | ||
| Q1 25 | -0.5% | 26.7% | ||
| Q4 24 | 3.0% | 28.0% | ||
| Q3 24 | -4.6% | 28.4% | ||
| Q2 24 | -26.8% | 23.3% | ||
| Q1 24 | -13.0% | 21.3% |
| Q4 25 | -2.5% | 10.6% | ||
| Q3 25 | 4.2% | 18.1% | ||
| Q2 25 | -0.2% | 17.3% | ||
| Q1 25 | -0.7% | 19.0% | ||
| Q4 24 | -8.2% | 19.6% | ||
| Q3 24 | -1.4% | 20.8% | ||
| Q2 24 | -29.8% | 15.9% | ||
| Q1 24 | -22.0% | 15.4% |
| Q4 25 | $-0.06 | $0.57 | ||
| Q3 25 | $0.10 | $1.01 | ||
| Q2 25 | $0.00 | $0.94 | ||
| Q1 25 | $-0.02 | $0.90 | ||
| Q4 24 | $-0.18 | $1.00 | ||
| Q3 24 | $-0.03 | $1.05 | ||
| Q2 24 | $-0.60 | $0.75 | ||
| Q1 24 | $-0.45 | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $104.1M |
| Total DebtLower is stronger | $240.8M | $174.4M |
| Stockholders' EquityBook value | $-47.0M | $713.1M |
| Total Assets | $691.4M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $104.1M | ||
| Q3 25 | $191.6M | $127.1M | ||
| Q2 25 | $184.8M | $140.9M | ||
| Q1 25 | $199.7M | $160.2M | ||
| Q4 24 | $159.9M | $137.5M | ||
| Q3 24 | $99.2M | $124.8M | ||
| Q2 24 | $120.8M | $129.5M | ||
| Q1 24 | $170.1M | $138.8M |
| Q4 25 | $240.8M | $174.4M | ||
| Q3 25 | $245.7M | $114.7M | ||
| Q2 25 | $245.6M | $110.6M | ||
| Q1 25 | $248.0M | $110.6M | ||
| Q4 24 | $250.4M | $111.1M | ||
| Q3 24 | $252.8M | $126.8M | ||
| Q2 24 | $254.0M | $144.7M | ||
| Q1 24 | $255.1M | $160.9M |
| Q4 25 | $-47.0M | $713.1M | ||
| Q3 25 | $-48.5M | $764.0M | ||
| Q2 25 | $-53.7M | $736.0M | ||
| Q1 25 | $-31.7M | $685.1M | ||
| Q4 24 | $-32.6M | $631.2M | ||
| Q3 24 | $-49.8M | $613.3M | ||
| Q2 24 | $-45.7M | $574.8M | ||
| Q1 24 | $-9.7M | $573.6M |
| Q4 25 | $691.4M | $1.3B | ||
| Q3 25 | $611.7M | $1.2B | ||
| Q2 25 | $590.7M | $1.2B | ||
| Q1 25 | $592.9M | $1.1B | ||
| Q4 24 | $621.0M | $1.0B | ||
| Q3 24 | $549.9M | $996.3M | ||
| Q2 24 | $554.6M | $942.5M | ||
| Q1 24 | $595.4M | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1M | $31.0M |
| Free Cash FlowOCF − Capex | $270.0K | $11.4M |
| FCF MarginFCF / Revenue | 0.1% | 4.7% |
| Capex IntensityCapex / Revenue | 0.4% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $31.0M | ||
| Q3 25 | $18.7M | $40.0M | ||
| Q2 25 | $-1.9M | $17.9M | ||
| Q1 25 | $45.0M | $46.9M | ||
| Q4 24 | $13.9M | $61.1M | ||
| Q3 24 | $-8.2M | $41.5M | ||
| Q2 24 | $-17.6M | $34.5M | ||
| Q1 24 | $18.9M | $33.4M |
| Q4 25 | $270.0K | $11.4M | ||
| Q3 25 | $18.1M | $21.2M | ||
| Q2 25 | $-3.1M | $-14.7M | ||
| Q1 25 | $44.3M | $16.5M | ||
| Q4 24 | $13.4M | $35.4M | ||
| Q3 24 | $-8.6M | $17.8M | ||
| Q2 24 | $-18.3M | $14.2M | ||
| Q1 24 | $16.7M | $23.6M |
| Q4 25 | 0.1% | 4.7% | ||
| Q3 25 | 9.7% | 8.2% | ||
| Q2 25 | -1.8% | -5.7% | ||
| Q1 25 | 26.6% | 7.4% | ||
| Q4 24 | 8.0% | 14.8% | ||
| Q3 24 | -5.6% | 7.5% | ||
| Q2 24 | -12.5% | 6.5% | ||
| Q1 24 | 11.1% | 12.2% |
| Q4 25 | 0.4% | 8.0% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 0.7% | 12.7% | ||
| Q1 25 | 0.4% | 13.7% | ||
| Q4 24 | 0.3% | 10.7% | ||
| Q3 24 | 0.2% | 9.9% | ||
| Q2 24 | 0.5% | 9.2% | ||
| Q1 24 | 1.5% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 2.39× | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | — | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
