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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.1× CSW INDUSTRIALS, INC.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 4.4%, a 6.2% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 2.4%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 5.1%).
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.
CSW vs TGLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $245.3M |
| Net Profit | $10.3M | $26.1M |
| Gross Margin | 39.7% | 40.0% |
| Operating Margin | 7.4% | 18.3% |
| Net Margin | 4.4% | 10.6% |
| Revenue YoY | 20.3% | 2.4% |
| Net Profit YoY | -61.9% | -44.5% |
| EPS (diluted) | $0.62 | $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 | $233.0M | $245.3M | ||
| Q3 25 | $277.0M | $260.5M | ||
| Q2 25 | $263.6M | $255.5M | ||
| Q1 25 | $230.5M | $222.3M | ||
| Q4 24 | $193.6M | $239.6M | ||
| Q3 24 | $227.9M | $238.3M | ||
| Q2 24 | $226.2M | $219.7M | ||
| Q1 24 | $210.9M | $192.6M |
| Q4 25 | $10.3M | $26.1M | ||
| Q3 25 | $40.7M | $47.2M | ||
| Q2 25 | $40.9M | $44.1M | ||
| Q1 25 | $35.1M | $42.2M | ||
| Q4 24 | $26.9M | $47.0M | ||
| Q3 24 | $36.1M | $49.5M | ||
| Q2 24 | $38.6M | $35.0M | ||
| Q1 24 | $31.8M | $29.7M |
| Q4 25 | 39.7% | 40.0% | ||
| Q3 25 | 43.0% | 42.7% | ||
| Q2 25 | 43.8% | 44.7% | ||
| Q1 25 | 44.2% | 43.9% | ||
| Q4 24 | 41.4% | 44.5% | ||
| Q3 24 | 45.6% | 45.8% | ||
| Q2 24 | 47.5% | 40.8% | ||
| Q1 24 | 44.4% | 38.8% |
| Q4 25 | 7.4% | 18.3% | ||
| Q3 25 | 20.5% | 25.1% | ||
| Q2 25 | 20.8% | 24.0% | ||
| Q1 25 | 19.5% | 26.7% | ||
| Q4 24 | 15.3% | 28.0% | ||
| Q3 24 | 22.6% | 28.4% | ||
| Q2 24 | 24.3% | 23.3% | ||
| Q1 24 | 21.0% | 21.3% |
| Q4 25 | 4.4% | 10.6% | ||
| Q3 25 | 14.7% | 18.1% | ||
| Q2 25 | 15.5% | 17.3% | ||
| Q1 25 | 15.2% | 19.0% | ||
| Q4 24 | 13.9% | 19.6% | ||
| Q3 24 | 15.8% | 20.8% | ||
| Q2 24 | 17.1% | 15.9% | ||
| Q1 24 | 15.1% | 15.4% |
| Q4 25 | $0.62 | $0.57 | ||
| Q3 25 | $2.41 | $1.01 | ||
| Q2 25 | $2.43 | $0.94 | ||
| Q1 25 | $2.05 | $0.90 | ||
| Q4 24 | $1.60 | $1.00 | ||
| Q3 24 | $2.26 | $1.05 | ||
| Q2 24 | $2.47 | $0.75 | ||
| Q1 24 | $2.03 | $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 | $40.2M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $1.1B | $713.1M |
| Total Assets | $2.3B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $104.1M | ||
| Q3 25 | $31.5M | $127.1M | ||
| Q2 25 | $38.0M | $140.9M | ||
| Q1 25 | $225.8M | $160.2M | ||
| Q4 24 | $213.8M | $137.5M | ||
| Q3 24 | $273.2M | $124.8M | ||
| Q2 24 | $18.9M | $129.5M | ||
| Q1 24 | $22.2M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | $800.1M | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | $166.0M | $160.9M |
| Q4 25 | $1.1B | $713.1M | ||
| Q3 25 | $1.1B | $764.0M | ||
| Q2 25 | $1.1B | $736.0M | ||
| Q1 25 | $1.1B | $685.1M | ||
| Q4 24 | $1.0B | $631.2M | ||
| Q3 24 | $1.0B | $613.3M | ||
| Q2 24 | $650.2M | $574.8M | ||
| Q1 24 | $615.7M | $573.6M |
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $996.3M | ||
| Q2 24 | $1.1B | $942.5M | ||
| Q1 24 | $1.0B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | 0.75× | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | 0.27× | 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 | $28.9M | $31.0M |
| Free Cash FlowOCF − Capex | $22.7M | $11.4M |
| FCF MarginFCF / Revenue | 9.8% | 4.7% |
| Capex IntensityCapex / Revenue | 2.6% | 8.0% |
| Cash ConversionOCF / Net Profit | 2.81× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $31.0M | ||
| Q3 25 | $61.8M | $40.0M | ||
| Q2 25 | $60.6M | $17.9M | ||
| Q1 25 | $27.3M | $46.9M | ||
| Q4 24 | $11.6M | $61.1M | ||
| Q3 24 | $66.8M | $41.5M | ||
| Q2 24 | $62.7M | $34.5M | ||
| Q1 24 | $22.4M | $33.4M |
| Q4 25 | $22.7M | $11.4M | ||
| Q3 25 | $58.7M | $21.2M | ||
| Q2 25 | $57.7M | $-14.7M | ||
| Q1 25 | $22.8M | $16.5M | ||
| Q4 24 | $8.5M | $35.4M | ||
| Q3 24 | $61.3M | $17.8M | ||
| Q2 24 | $59.6M | $14.2M | ||
| Q1 24 | $17.5M | $23.6M |
| Q4 25 | 9.8% | 4.7% | ||
| Q3 25 | 21.2% | 8.2% | ||
| Q2 25 | 21.9% | -5.7% | ||
| Q1 25 | 9.9% | 7.4% | ||
| Q4 24 | 4.4% | 14.8% | ||
| Q3 24 | 26.9% | 7.5% | ||
| Q2 24 | 26.3% | 6.5% | ||
| Q1 24 | 8.3% | 12.2% |
| Q4 25 | 2.6% | 8.0% | ||
| Q3 25 | 1.1% | 7.2% | ||
| Q2 25 | 1.1% | 12.7% | ||
| Q1 25 | 2.0% | 13.7% | ||
| Q4 24 | 1.6% | 10.7% | ||
| Q3 24 | 2.4% | 9.9% | ||
| Q2 24 | 1.4% | 9.2% | ||
| Q1 24 | 2.3% | 5.1% |
| Q4 25 | 2.81× | 1.19× | ||
| Q3 25 | 1.52× | 0.85× | ||
| Q2 25 | 1.48× | 0.41× | ||
| Q1 25 | 0.78× | 1.11× | ||
| Q4 24 | 0.43× | 1.30× | ||
| Q3 24 | 1.85× | 0.84× | ||
| Q2 24 | 1.62× | 0.98× | ||
| Q1 24 | 0.71× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
