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Side-by-side financial comparison of CorMedix Inc. (CRMD) 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 $128.6M, roughly 1.9× CorMedix Inc.). CorMedix Inc. produced more free cash flow last quarter ($92.7M vs $11.4M).
CorMedix Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing novel therapeutic products for the prevention and treatment of infectious, inflammatory and cardiorenal diseases. Its lead candidate targets catheter-related bloodstream infections, serving critical care and chronic dialysis patient populations primarily across North America and European markets.
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.
CRMD vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $128.6M | $245.3M |
| Net Profit | — | $26.1M |
| Gross Margin | 83.4% | 40.0% |
| Operating Margin | 46.0% | 18.3% |
| Net Margin | — | 10.6% |
| Revenue YoY | — | 2.4% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | $0.20 | $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 | $128.6M | $245.3M | ||
| Q3 25 | $104.3M | $260.5M | ||
| Q2 25 | $39.7M | $255.5M | ||
| Q1 25 | $39.1M | $222.3M | ||
| Q4 24 | — | $239.6M | ||
| Q3 24 | — | $238.3M | ||
| Q2 24 | — | $219.7M | ||
| Q1 24 | — | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $108.6M | $47.2M | ||
| Q2 25 | $19.8M | $44.1M | ||
| Q1 25 | $20.6M | $42.2M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $49.5M | ||
| Q2 24 | — | $35.0M | ||
| Q1 24 | — | $29.7M |
| Q4 25 | 83.4% | 40.0% | ||
| Q3 25 | 89.3% | 42.7% | ||
| Q2 25 | 95.3% | 44.7% | ||
| Q1 25 | 95.9% | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | 46.0% | 18.3% | ||
| Q3 25 | 49.2% | 25.1% | ||
| Q2 25 | 49.2% | 24.0% | ||
| Q1 25 | 51.5% | 26.7% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | 104.1% | 18.1% | ||
| Q2 25 | 49.9% | 17.3% | ||
| Q1 25 | 52.8% | 19.0% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | $0.20 | $0.57 | ||
| Q3 25 | $1.26 | $1.01 | ||
| Q2 25 | $0.28 | $0.94 | ||
| Q1 25 | $0.30 | $0.90 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | — | $1.05 | ||
| Q2 24 | — | $0.75 | ||
| Q1 24 | — | $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 | $148.5M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $405.3M | $713.1M |
| Total Assets | $826.1M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $148.5M | $104.1M | ||
| Q3 25 | $55.7M | $127.1M | ||
| Q2 25 | $190.7M | $140.9M | ||
| Q1 25 | $77.5M | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $405.3M | $713.1M | ||
| Q3 25 | $374.1M | $764.0M | ||
| Q2 25 | $220.6M | $736.0M | ||
| Q1 25 | $114.9M | $685.1M | ||
| Q4 24 | — | $631.2M | ||
| Q3 24 | — | $613.3M | ||
| Q2 24 | — | $574.8M | ||
| Q1 24 | — | $573.6M |
| Q4 25 | $826.1M | $1.3B | ||
| Q3 25 | $750.9M | $1.2B | ||
| Q2 25 | $252.6M | $1.2B | ||
| Q1 25 | $149.6M | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $996.3M | ||
| Q2 24 | — | $942.5M | ||
| Q1 24 | — | $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 | $94.5M | $31.0M |
| Free Cash FlowOCF − Capex | $92.7M | $11.4M |
| FCF MarginFCF / Revenue | 72.1% | 4.7% |
| Capex IntensityCapex / Revenue | 1.3% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $172.8M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.5M | $31.0M | ||
| Q3 25 | $30.9M | $40.0M | ||
| Q2 25 | $30.0M | $17.9M | ||
| Q1 25 | $19.7M | $46.9M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | — | $41.5M | ||
| Q2 24 | — | $34.5M | ||
| Q1 24 | — | $33.4M |
| Q4 25 | $92.7M | $11.4M | ||
| Q3 25 | $30.4M | $21.2M | ||
| Q2 25 | $30.0M | $-14.7M | ||
| Q1 25 | $19.7M | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M | ||
| Q1 24 | — | $23.6M |
| Q4 25 | 72.1% | 4.7% | ||
| Q3 25 | 29.1% | 8.2% | ||
| Q2 25 | 75.4% | -5.7% | ||
| Q1 25 | 50.5% | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 12.2% |
| Q4 25 | 1.3% | 8.0% | ||
| Q3 25 | 0.5% | 7.2% | ||
| Q2 25 | 0.1% | 12.7% | ||
| Q1 25 | 0.0% | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.28× | 0.85× | ||
| Q2 25 | 1.51× | 0.41× | ||
| Q1 25 | 0.96× | 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
CRMD
| Acquisition Of Melinta | $52.9M | 41% |
| Melinta Portfolio | $45.5M | 35% |
| Other | $18.6M | 14% |
| Contract Revenue | $7.4M | 6% |
| BARDA Agreement | $4.2M | 3% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
