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Side-by-side financial comparison of CORVEL CORP (CRVL) 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 $235.6M, roughly 1.0× CORVEL CORP). Tecnoglass Inc. runs the higher net margin — 10.6% vs 10.3%, a 0.4% gap on every dollar of revenue. On growth, CORVEL CORP posted the faster year-over-year revenue change (3.4% vs 2.4%). CORVEL CORP produced more free cash flow last quarter ($35.2M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 6.6%).
Corvel Corp is a U.S.-headquartered provider of integrated workers’ compensation, healthcare management, and risk mitigation solutions. It serves insurance carriers, self-insured employers, and public sector clients, delivering services to control healthcare costs, improve care outcomes, and optimize administrative operations.
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.
CRVL vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.6M | $245.3M |
| Net Profit | $24.2M | $26.1M |
| Gross Margin | 23.3% | 40.0% |
| Operating Margin | 13.7% | 18.3% |
| Net Margin | 10.3% | 10.6% |
| Revenue YoY | 3.4% | 2.4% |
| Net Profit YoY | 1.7% | -44.5% |
| EPS (diluted) | $0.47 | $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 | $235.6M | $245.3M | ||
| Q3 25 | $239.6M | $260.5M | ||
| Q2 25 | $234.7M | $255.5M | ||
| Q1 25 | $231.5M | $222.3M | ||
| Q4 24 | $228.0M | $239.6M | ||
| Q3 24 | $224.4M | $238.3M | ||
| Q2 24 | $211.7M | $219.7M | ||
| Q1 24 | $207.2M | $192.6M |
| Q4 25 | $24.2M | $26.1M | ||
| Q3 25 | $27.9M | $47.2M | ||
| Q2 25 | $27.2M | $44.1M | ||
| Q1 25 | $26.4M | $42.2M | ||
| Q4 24 | $23.8M | $47.0M | ||
| Q3 24 | $23.4M | $49.5M | ||
| Q2 24 | $21.6M | $35.0M | ||
| Q1 24 | $19.5M | $29.7M |
| Q4 25 | 23.3% | 40.0% | ||
| Q3 25 | 24.3% | 42.7% | ||
| Q2 25 | 24.2% | 44.7% | ||
| Q1 25 | 25.0% | 43.9% | ||
| Q4 24 | 23.2% | 44.5% | ||
| Q3 24 | 22.6% | 45.8% | ||
| Q2 24 | 22.7% | 40.8% | ||
| Q1 24 | 20.9% | 38.8% |
| Q4 25 | 13.7% | 18.3% | ||
| Q3 25 | 15.0% | 25.1% | ||
| Q2 25 | 15.0% | 24.0% | ||
| Q1 25 | 14.4% | 26.7% | ||
| Q4 24 | 13.5% | 28.0% | ||
| Q3 24 | 12.8% | 28.4% | ||
| Q2 24 | 13.2% | 23.3% | ||
| Q1 24 | 10.9% | 21.3% |
| Q4 25 | 10.3% | 10.6% | ||
| Q3 25 | 11.6% | 18.1% | ||
| Q2 25 | 11.6% | 17.3% | ||
| Q1 25 | 11.4% | 19.0% | ||
| Q4 24 | 10.4% | 19.6% | ||
| Q3 24 | 10.4% | 20.8% | ||
| Q2 24 | 10.2% | 15.9% | ||
| Q1 24 | 9.4% | 15.4% |
| Q4 25 | $0.47 | $0.57 | ||
| Q3 25 | $0.54 | $1.01 | ||
| Q2 25 | $0.52 | $0.94 | ||
| Q1 25 | $-1.23 | $0.90 | ||
| Q4 24 | $0.46 | $1.00 | ||
| Q3 24 | $1.35 | $1.05 | ||
| Q2 24 | $1.25 | $0.75 | ||
| Q1 24 | $1.12 | $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 | $230.0M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $375.7M | $713.1M |
| Total Assets | $644.8M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.0M | $104.1M | ||
| Q3 25 | $207.5M | $127.1M | ||
| Q2 25 | $202.0M | $140.9M | ||
| Q1 25 | $170.6M | $160.2M | ||
| Q4 24 | $162.9M | $137.5M | ||
| Q3 24 | $138.3M | $124.8M | ||
| Q2 24 | $131.9M | $129.5M | ||
| Q1 24 | $105.6M | $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 | $375.7M | $713.1M | ||
| Q3 25 | $362.8M | $764.0M | ||
| Q2 25 | $342.5M | $736.0M | ||
| Q1 25 | $322.0M | $685.1M | ||
| Q4 24 | $300.9M | $631.2M | ||
| Q3 24 | $282.8M | $613.3M | ||
| Q2 24 | $263.9M | $574.8M | ||
| Q1 24 | $247.6M | $573.6M |
| Q4 25 | $644.8M | $1.3B | ||
| Q3 25 | $611.7M | $1.2B | ||
| Q2 25 | $597.4M | $1.2B | ||
| Q1 25 | $546.0M | $1.1B | ||
| Q4 24 | $538.8M | $1.0B | ||
| Q3 24 | $518.6M | $996.3M | ||
| Q2 24 | $486.2M | $942.5M | ||
| Q1 24 | $454.7M | $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 | $46.1M | $31.0M |
| Free Cash FlowOCF − Capex | $35.2M | $11.4M |
| FCF MarginFCF / Revenue | 14.9% | 4.7% |
| Capex IntensityCapex / Revenue | 4.7% | 8.0% |
| Cash ConversionOCF / Net Profit | 1.91× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $104.3M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.1M | $31.0M | ||
| Q3 25 | $25.0M | $40.0M | ||
| Q2 25 | $55.0M | $17.9M | ||
| Q1 25 | $22.9M | $46.9M | ||
| Q4 24 | $41.6M | $61.1M | ||
| Q3 24 | $22.3M | $41.5M | ||
| Q2 24 | $40.4M | $34.5M | ||
| Q1 24 | $15.2M | $33.4M |
| Q4 25 | $35.2M | $11.4M | ||
| Q3 25 | $15.3M | $21.2M | ||
| Q2 25 | $39.5M | $-14.7M | ||
| Q1 25 | $14.3M | $16.5M | ||
| Q4 24 | $32.1M | $35.4M | ||
| Q3 24 | $12.4M | $17.8M | ||
| Q2 24 | $32.8M | $14.2M | ||
| Q1 24 | $5.2M | $23.6M |
| Q4 25 | 14.9% | 4.7% | ||
| Q3 25 | 6.4% | 8.2% | ||
| Q2 25 | 16.8% | -5.7% | ||
| Q1 25 | 6.2% | 7.4% | ||
| Q4 24 | 14.1% | 14.8% | ||
| Q3 24 | 5.5% | 7.5% | ||
| Q2 24 | 15.5% | 6.5% | ||
| Q1 24 | 2.5% | 12.2% |
| Q4 25 | 4.7% | 8.0% | ||
| Q3 25 | 4.1% | 7.2% | ||
| Q2 25 | 6.6% | 12.7% | ||
| Q1 25 | 3.7% | 13.7% | ||
| Q4 24 | 4.2% | 10.7% | ||
| Q3 24 | 4.4% | 9.9% | ||
| Q2 24 | 3.6% | 9.2% | ||
| Q1 24 | 4.8% | 5.1% |
| Q4 25 | 1.91× | 1.19× | ||
| Q3 25 | 0.90× | 0.85× | ||
| Q2 25 | 2.02× | 0.41× | ||
| Q1 25 | 0.87× | 1.11× | ||
| Q4 24 | 1.75× | 1.30× | ||
| Q3 24 | 0.95× | 0.84× | ||
| Q2 24 | 1.87× | 0.98× | ||
| Q1 24 | 0.78× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
