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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) 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 $127.0M, roughly 1.9× BRANDYWINE REALTY TRUST). Tecnoglass Inc. runs the higher net margin — 10.6% vs -38.4%, a 49.1% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs 2.4%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
BDN vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $245.3M |
| Net Profit | $-48.8M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 1.2% | 18.3% |
| Net Margin | -38.4% | 10.6% |
| Revenue YoY | 4.5% | 2.4% |
| Net Profit YoY | -80.4% | -44.5% |
| EPS (diluted) | $-0.28 | $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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $245.3M | ||
| Q3 25 | $121.4M | $260.5M | ||
| Q2 25 | $120.6M | $255.5M | ||
| Q1 25 | $121.5M | $222.3M | ||
| Q4 24 | $121.9M | $239.6M | ||
| Q3 24 | $131.8M | $238.3M | ||
| Q2 24 | $125.3M | $219.7M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $26.1M | ||
| Q3 25 | $-25.9M | $47.2M | ||
| Q2 25 | $-88.7M | $44.1M | ||
| Q1 25 | $-27.0M | $42.2M | ||
| Q4 24 | $-44.5M | $47.0M | ||
| Q3 24 | $-165.2M | $49.5M | ||
| Q2 24 | $30.2M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 40.0% | ||
| Q3 25 | 62.6% | 42.7% | ||
| Q2 25 | 62.4% | 44.7% | ||
| Q1 25 | 60.8% | 43.9% | ||
| Q4 24 | 61.2% | 44.5% | ||
| Q3 24 | 64.9% | 45.8% | ||
| Q2 24 | 63.1% | 40.8% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 18.3% | ||
| Q3 25 | 20.8% | 25.1% | ||
| Q2 25 | -34.3% | 24.0% | ||
| Q1 25 | 12.5% | 26.7% | ||
| Q4 24 | 18.0% | 28.0% | ||
| Q3 24 | -7.2% | 28.4% | ||
| Q2 24 | 15.5% | 23.3% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | 10.6% | ||
| Q3 25 | -21.3% | 18.1% | ||
| Q2 25 | -73.5% | 17.3% | ||
| Q1 25 | -22.2% | 19.0% | ||
| Q4 24 | -36.5% | 19.6% | ||
| Q3 24 | -125.4% | 20.8% | ||
| Q2 24 | 24.1% | 15.9% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.57 | ||
| Q3 25 | $-0.15 | $1.01 | ||
| Q2 25 | $-0.51 | $0.94 | ||
| Q1 25 | $-0.16 | $0.90 | ||
| Q4 24 | $-0.25 | $1.00 | ||
| Q3 24 | $-0.96 | $1.05 | ||
| Q2 24 | $0.17 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | — | $713.1M |
| Total Assets | $3.6B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $104.1M | ||
| Q3 25 | $75.5M | $127.1M | ||
| Q2 25 | $122.6M | $140.9M | ||
| Q1 25 | $29.4M | $160.2M | ||
| Q4 24 | $90.2M | $137.5M | ||
| Q3 24 | $36.5M | $124.8M | ||
| Q2 24 | $30.4M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $174.4M | ||
| Q3 25 | $2.3B | $114.7M | ||
| Q2 25 | $2.3B | $110.6M | ||
| Q1 25 | $2.2B | $110.6M | ||
| Q4 24 | $2.2B | $111.1M | ||
| Q3 24 | $2.3B | $126.8M | ||
| Q2 24 | $2.2B | $144.7M |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $713.1M | ||
| Q3 25 | $841.5M | $764.0M | ||
| Q2 25 | $879.8M | $736.0M | ||
| Q1 25 | $993.6M | $685.1M | ||
| Q4 24 | $1.0B | $631.2M | ||
| Q3 24 | $1.1B | $613.3M | ||
| Q2 24 | $1.3B | $574.8M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.3B | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.4B | $1.1B | ||
| Q4 24 | $3.5B | $1.0B | ||
| Q3 24 | $3.6B | $996.3M | ||
| Q2 24 | $3.8B | $942.5M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 0.24× | ||
| Q3 25 | 2.70× | 0.15× | ||
| Q2 25 | 2.63× | 0.15× | ||
| Q1 25 | 2.23× | 0.16× | ||
| Q4 24 | 2.13× | 0.18× | ||
| Q3 24 | 2.06× | 0.21× | ||
| Q2 24 | 1.73× | 0.25× |
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 | — | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $31.0M | ||
| Q3 25 | $47.5M | $40.0M | ||
| Q2 25 | $34.4M | $17.9M | ||
| Q1 25 | $6.3M | $46.9M | ||
| Q4 24 | $181.1M | $61.1M | ||
| Q3 24 | $52.2M | $41.5M | ||
| Q2 24 | $48.2M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | 1.60× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
