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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.5× Bitcoin Depot Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 3.4%, a 7.2% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $2.5M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
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.
BTM vs TGLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $245.3M |
| Net Profit | $5.5M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 7.3% | 18.3% |
| Net Margin | 3.4% | 10.6% |
| Revenue YoY | 20.1% | 2.4% |
| Net Profit YoY | 690.4% | -44.5% |
| EPS (diluted) | $0.08 | $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 | — | $245.3M | ||
| Q3 25 | $162.5M | $260.5M | ||
| Q2 25 | $172.1M | $255.5M | ||
| Q1 25 | $164.2M | $222.3M | ||
| Q4 24 | — | $239.6M | ||
| Q3 24 | $135.3M | $238.3M | ||
| Q2 24 | $163.1M | $219.7M | ||
| Q1 24 | $138.5M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $5.5M | $47.2M | ||
| Q2 25 | $6.1M | $44.1M | ||
| Q1 25 | $4.2M | $42.2M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $-939.0K | $49.5M | ||
| Q2 24 | $-2.6M | $35.0M | ||
| Q1 24 | $-1.5M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 7.3% | 25.1% | ||
| Q2 25 | 9.2% | 24.0% | ||
| Q1 25 | 10.8% | 26.7% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | 4.1% | 28.4% | ||
| Q2 24 | 4.7% | 23.3% | ||
| Q1 24 | 0.5% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | 3.4% | 18.1% | ||
| Q2 25 | 3.5% | 17.3% | ||
| Q1 25 | 2.6% | 19.0% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | -0.7% | 20.8% | ||
| Q2 24 | -1.6% | 15.9% | ||
| Q1 24 | -1.1% | 15.4% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $0.08 | $1.01 | ||
| Q2 25 | $0.16 | $0.94 | ||
| Q1 25 | $0.20 | $0.90 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $-0.05 | $1.05 | ||
| Q2 24 | $-0.13 | $0.75 | ||
| Q1 24 | $-0.25 | $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 | $59.3M | $104.1M |
| Total DebtLower is stronger | $67.5M | $174.4M |
| Stockholders' EquityBook value | $21.0M | $713.1M |
| Total Assets | $125.3M | $1.3B |
| Debt / EquityLower = less leverage | 3.21× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $59.3M | $127.1M | ||
| Q2 25 | $48.0M | $140.9M | ||
| Q1 25 | $35.0M | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | $32.2M | $124.8M | ||
| Q2 24 | $43.9M | $129.5M | ||
| Q1 24 | $42.2M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $67.5M | $114.7M | ||
| Q2 25 | $66.5M | $110.6M | ||
| Q1 25 | $56.2M | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | $44.5M | $126.8M | ||
| Q2 24 | $41.2M | $144.7M | ||
| Q1 24 | $37.6M | $160.9M |
| Q4 25 | — | $713.1M | ||
| Q3 25 | $21.0M | $764.0M | ||
| Q2 25 | $4.7M | $736.0M | ||
| Q1 25 | $-4.6M | $685.1M | ||
| Q4 24 | — | $631.2M | ||
| Q3 24 | $-7.9M | $613.3M | ||
| Q2 24 | $4.4M | $574.8M | ||
| Q1 24 | $5.0M | $573.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $125.3M | $1.2B | ||
| Q2 25 | $109.1M | $1.2B | ||
| Q1 25 | $89.7M | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $87.4M | $996.3M | ||
| Q2 24 | $97.5M | $942.5M | ||
| Q1 24 | $90.1M | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 3.21× | 0.15× | ||
| Q2 25 | 14.18× | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 9.27× | 0.25× | ||
| Q1 24 | 7.54× | 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 | $6.6M | $31.0M |
| Free Cash FlowOCF − Capex | $2.5M | $11.4M |
| FCF MarginFCF / Revenue | 1.6% | 4.7% |
| Capex IntensityCapex / Revenue | 2.5% | 8.0% |
| Cash ConversionOCF / Net Profit | 1.20× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.0M | ||
| Q3 25 | $6.6M | $40.0M | ||
| Q2 25 | $10.2M | $17.9M | ||
| Q1 25 | $16.3M | $46.9M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | $5.8M | $41.5M | ||
| Q2 24 | $10.1M | $34.5M | ||
| Q1 24 | $1.3M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | $2.5M | $21.2M | ||
| Q2 25 | $9.8M | $-14.7M | ||
| Q1 25 | $15.9M | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | $-1.0M | $17.8M | ||
| Q2 24 | $7.6M | $14.2M | ||
| Q1 24 | $789.0K | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 1.6% | 8.2% | ||
| Q2 25 | 5.7% | -5.7% | ||
| Q1 25 | 9.7% | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | -0.8% | 7.5% | ||
| Q2 24 | 4.7% | 6.5% | ||
| Q1 24 | 0.6% | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | 2.5% | 7.2% | ||
| Q2 25 | 0.2% | 12.7% | ||
| Q1 25 | 0.2% | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 5.0% | 9.9% | ||
| Q2 24 | 1.5% | 9.2% | ||
| Q1 24 | 0.4% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 1.20× | 0.85× | ||
| Q2 25 | 1.67× | 0.41× | ||
| Q1 25 | 3.88× | 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
BTM
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
