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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $245.3M, roughly 1.9× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -3.6%, a 14.3% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 12.8%).
AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
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.
AVAV vs TGLS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $245.3M |
| Net Profit | $-17.1M | $26.1M |
| Gross Margin | 22.0% | 40.0% |
| Operating Margin | -6.4% | 18.3% |
| Net Margin | -3.6% | 10.6% |
| Revenue YoY | 181.9% | 2.4% |
| Net Profit YoY | -875.1% | -44.5% |
| EPS (diluted) | $-0.34 | $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 | $472.5M | $245.3M | ||
| Q3 25 | $454.7M | $260.5M | ||
| Q2 25 | $275.1M | $255.5M | ||
| Q1 25 | $167.6M | $222.3M | ||
| Q4 24 | $188.5M | $239.6M | ||
| Q3 24 | $189.5M | $238.3M | ||
| Q2 24 | $197.0M | $219.7M | ||
| Q1 24 | $186.6M | $192.6M |
| Q4 25 | $-17.1M | $26.1M | ||
| Q3 25 | $-67.4M | $47.2M | ||
| Q2 25 | $16.7M | $44.1M | ||
| Q1 25 | $-1.8M | $42.2M | ||
| Q4 24 | $7.5M | $47.0M | ||
| Q3 24 | $21.2M | $49.5M | ||
| Q2 24 | $6.0M | $35.0M | ||
| Q1 24 | $13.9M | $29.7M |
| Q4 25 | 22.0% | 40.0% | ||
| Q3 25 | 20.9% | 42.7% | ||
| Q2 25 | 36.5% | 44.7% | ||
| Q1 25 | 37.7% | 43.9% | ||
| Q4 24 | 39.1% | 44.5% | ||
| Q3 24 | 43.0% | 45.8% | ||
| Q2 24 | 38.4% | 40.8% | ||
| Q1 24 | 36.1% | 38.8% |
| Q4 25 | -6.4% | 18.3% | ||
| Q3 25 | -15.2% | 25.1% | ||
| Q2 25 | 5.0% | 24.0% | ||
| Q1 25 | -1.8% | 26.7% | ||
| Q4 24 | 3.7% | 28.0% | ||
| Q3 24 | 12.2% | 28.4% | ||
| Q2 24 | 3.0% | 23.3% | ||
| Q1 24 | 7.7% | 21.3% |
| Q4 25 | -3.6% | 10.6% | ||
| Q3 25 | -14.8% | 18.1% | ||
| Q2 25 | 6.1% | 17.3% | ||
| Q1 25 | -1.0% | 19.0% | ||
| Q4 24 | 4.0% | 19.6% | ||
| Q3 24 | 11.2% | 20.8% | ||
| Q2 24 | 3.1% | 15.9% | ||
| Q1 24 | 7.4% | 15.4% |
| Q4 25 | $-0.34 | $0.57 | ||
| Q3 25 | $-1.44 | $1.01 | ||
| Q2 25 | $0.59 | $0.94 | ||
| Q1 25 | $-0.06 | $0.90 | ||
| Q4 24 | $0.27 | $1.00 | ||
| Q3 24 | $0.75 | $1.05 | ||
| Q2 24 | $0.18 | $0.75 | ||
| Q1 24 | $0.50 | $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 | $588.5M | $104.1M |
| Total DebtLower is stronger | $747.5M | $174.4M |
| Stockholders' EquityBook value | $4.4B | $713.1M |
| Total Assets | $5.6B | $1.3B |
| Debt / EquityLower = less leverage | 0.17× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $104.1M | ||
| Q3 25 | $685.8M | $127.1M | ||
| Q2 25 | $40.9M | $140.9M | ||
| Q1 25 | $47.0M | $160.2M | ||
| Q4 24 | $69.0M | $137.5M | ||
| Q3 24 | $81.2M | $124.8M | ||
| Q2 24 | $73.3M | $129.5M | ||
| Q1 24 | $107.7M | $138.8M |
| Q4 25 | $747.5M | $174.4M | ||
| Q3 25 | $747.5M | $114.7M | ||
| Q2 25 | $30.0M | $110.6M | ||
| Q1 25 | $25.0M | $110.6M | ||
| Q4 24 | $15.0M | $111.1M | ||
| Q3 24 | $17.5M | $126.8M | ||
| Q2 24 | $28.0M | $144.7M | ||
| Q1 24 | $40.0M | $160.9M |
| Q4 25 | $4.4B | $713.1M | ||
| Q3 25 | $4.4B | $764.0M | ||
| Q2 25 | $886.5M | $736.0M | ||
| Q1 25 | $861.1M | $685.1M | ||
| Q4 24 | $858.4M | $631.2M | ||
| Q3 24 | $845.5M | $613.3M | ||
| Q2 24 | $822.7M | $574.8M | ||
| Q1 24 | $813.0M | $573.6M |
| Q4 25 | $5.6B | $1.3B | ||
| Q3 25 | $5.6B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $999.2M | $996.3M | ||
| Q2 24 | $1.0B | $942.5M | ||
| Q1 24 | $980.3M | $981.6M |
| Q4 25 | 0.17× | 0.24× | ||
| Q3 25 | 0.17× | 0.15× | ||
| Q2 25 | 0.03× | 0.15× | ||
| Q1 25 | 0.03× | 0.16× | ||
| Q4 24 | 0.02× | 0.18× | ||
| Q3 24 | 0.02× | 0.21× | ||
| Q2 24 | 0.03× | 0.25× | ||
| Q1 24 | 0.05× | 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 | $-45.1M | $31.0M |
| Free Cash FlowOCF − Capex | $-55.9M | $11.4M |
| FCF MarginFCF / Revenue | -11.8% | 4.7% |
| Capex IntensityCapex / Revenue | 2.3% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $31.0M | ||
| Q3 25 | $-123.7M | $40.0M | ||
| Q2 25 | $-264.0K | $17.9M | ||
| Q1 25 | $-25.8M | $46.9M | ||
| Q4 24 | $-3.6M | $61.1M | ||
| Q3 24 | $28.4M | $41.5M | ||
| Q2 24 | $-11.7M | $34.5M | ||
| Q1 24 | $52.6M | $33.4M |
| Q4 25 | $-55.9M | $11.4M | ||
| Q3 25 | $-146.5M | $21.2M | ||
| Q2 25 | $-8.8M | $-14.7M | ||
| Q1 25 | $-29.6M | $16.5M | ||
| Q4 24 | $-8.7M | $35.4M | ||
| Q3 24 | $22.9M | $17.8M | ||
| Q2 24 | $-20.8M | $14.2M | ||
| Q1 24 | $48.8M | $23.6M |
| Q4 25 | -11.8% | 4.7% | ||
| Q3 25 | -32.2% | 8.2% | ||
| Q2 25 | -3.2% | -5.7% | ||
| Q1 25 | -17.7% | 7.4% | ||
| Q4 24 | -4.6% | 14.8% | ||
| Q3 24 | 12.1% | 7.5% | ||
| Q2 24 | -10.5% | 6.5% | ||
| Q1 24 | 26.1% | 12.2% |
| Q4 25 | 2.3% | 8.0% | ||
| Q3 25 | 5.0% | 7.2% | ||
| Q2 25 | 3.1% | 12.7% | ||
| Q1 25 | 2.3% | 13.7% | ||
| Q4 24 | 2.7% | 10.7% | ||
| Q3 24 | 2.9% | 9.9% | ||
| Q2 24 | 4.6% | 9.2% | ||
| Q1 24 | 2.0% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | -0.02× | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | -0.48× | 1.30× | ||
| Q3 24 | 1.34× | 0.84× | ||
| Q2 24 | -1.93× | 0.98× | ||
| Q1 24 | 3.79× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
