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Side-by-side financial comparison of DIODES INC (DIOD) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $245.3M, roughly 1.6× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 2.6%, a 8.0% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 2.4%). DIODES INC produced more free cash flow last quarter ($12.4M vs $11.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 12.8%).
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
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.
DIOD vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $245.3M |
| Net Profit | $10.2M | $26.1M |
| Gross Margin | 31.1% | 40.0% |
| Operating Margin | 3.4% | 18.3% |
| Net Margin | 2.6% | 10.6% |
| Revenue YoY | 15.4% | 2.4% |
| Net Profit YoY | 23.8% | -44.5% |
| EPS (diluted) | $0.23 | $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 | $391.6M | $245.3M | ||
| Q3 25 | $392.2M | $260.5M | ||
| Q2 25 | $366.2M | $255.5M | ||
| Q1 25 | $332.1M | $222.3M | ||
| Q4 24 | $339.3M | $239.6M | ||
| Q3 24 | $350.1M | $238.3M | ||
| Q2 24 | $319.8M | $219.7M | ||
| Q1 24 | $302.0M | $192.6M |
| Q4 25 | $10.2M | $26.1M | ||
| Q3 25 | $14.3M | $47.2M | ||
| Q2 25 | $46.1M | $44.1M | ||
| Q1 25 | $-4.4M | $42.2M | ||
| Q4 24 | $8.2M | $47.0M | ||
| Q3 24 | $13.7M | $49.5M | ||
| Q2 24 | $8.0M | $35.0M | ||
| Q1 24 | $14.0M | $29.7M |
| Q4 25 | 31.1% | 40.0% | ||
| Q3 25 | 30.7% | 42.7% | ||
| Q2 25 | 31.5% | 44.7% | ||
| Q1 25 | 31.5% | 43.9% | ||
| Q4 24 | 32.7% | 44.5% | ||
| Q3 24 | 33.7% | 45.8% | ||
| Q2 24 | 33.6% | 40.8% | ||
| Q1 24 | 33.0% | 38.8% |
| Q4 25 | 3.4% | 18.3% | ||
| Q3 25 | 3.0% | 25.1% | ||
| Q2 25 | 2.6% | 24.0% | ||
| Q1 25 | 0.4% | 26.7% | ||
| Q4 24 | 3.5% | 28.0% | ||
| Q3 24 | 6.2% | 28.4% | ||
| Q2 24 | 1.2% | 23.3% | ||
| Q1 24 | 4.3% | 21.3% |
| Q4 25 | 2.6% | 10.6% | ||
| Q3 25 | 3.6% | 18.1% | ||
| Q2 25 | 12.6% | 17.3% | ||
| Q1 25 | -1.3% | 19.0% | ||
| Q4 24 | 2.4% | 19.6% | ||
| Q3 24 | 3.9% | 20.8% | ||
| Q2 24 | 2.5% | 15.9% | ||
| Q1 24 | 4.6% | 15.4% |
| Q4 25 | $0.23 | $0.57 | ||
| Q3 25 | $0.31 | $1.01 | ||
| Q2 25 | $0.99 | $0.94 | ||
| Q1 25 | $-0.10 | $0.90 | ||
| Q4 24 | $0.18 | $1.00 | ||
| Q3 24 | $0.30 | $1.05 | ||
| Q2 24 | $0.17 | $0.75 | ||
| Q1 24 | $0.30 | $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 | $377.0M | $104.1M |
| Total DebtLower is stronger | $25.7M | $174.4M |
| Stockholders' EquityBook value | $1.9B | $713.1M |
| Total Assets | $2.4B | $1.3B |
| Debt / EquityLower = less leverage | 0.01× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | $104.1M | ||
| Q3 25 | $386.4M | $127.1M | ||
| Q2 25 | $327.3M | $140.9M | ||
| Q1 25 | $343.9M | $160.2M | ||
| Q4 24 | $316.1M | $137.5M | ||
| Q3 24 | $319.3M | $124.8M | ||
| Q2 24 | $273.9M | $129.5M | ||
| Q1 24 | $276.0M | $138.8M |
| Q4 25 | $25.7M | $174.4M | ||
| Q3 25 | $24.9M | $114.7M | ||
| Q2 25 | $26.4M | $110.6M | ||
| Q1 25 | $20.5M | $110.6M | ||
| Q4 24 | $20.7M | $111.1M | ||
| Q3 24 | $22.2M | $126.8M | ||
| Q2 24 | $20.3M | $144.7M | ||
| Q1 24 | $20.9M | $160.9M |
| Q4 25 | $1.9B | $713.1M | ||
| Q3 25 | $1.9B | $764.0M | ||
| Q2 25 | $1.9B | $736.0M | ||
| Q1 25 | $1.8B | $685.1M | ||
| Q4 24 | $1.8B | $631.2M | ||
| Q3 24 | $1.8B | $613.3M | ||
| Q2 24 | $1.8B | $574.8M | ||
| Q1 24 | $1.7B | $573.6M |
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.4B | $996.3M | ||
| Q2 24 | $2.4B | $942.5M | ||
| Q1 24 | $2.4B | $981.6M |
| Q4 25 | 0.01× | 0.24× | ||
| Q3 25 | 0.01× | 0.15× | ||
| Q2 25 | 0.01× | 0.15× | ||
| Q1 25 | 0.01× | 0.16× | ||
| Q4 24 | 0.01× | 0.18× | ||
| Q3 24 | 0.01× | 0.21× | ||
| Q2 24 | 0.01× | 0.25× | ||
| Q1 24 | 0.01× | 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 | $38.1M | $31.0M |
| Free Cash FlowOCF − Capex | $12.4M | $11.4M |
| FCF MarginFCF / Revenue | 3.2% | 4.7% |
| Capex IntensityCapex / Revenue | 6.6% | 8.0% |
| Cash ConversionOCF / Net Profit | 3.74× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | $31.0M | ||
| Q3 25 | $79.1M | $40.0M | ||
| Q2 25 | $41.5M | $17.9M | ||
| Q1 25 | $56.7M | $46.9M | ||
| Q4 24 | $81.8M | $61.1M | ||
| Q3 24 | $54.4M | $41.5M | ||
| Q2 24 | $14.4M | $34.5M | ||
| Q1 24 | $-31.1M | $33.4M |
| Q4 25 | $12.4M | $11.4M | ||
| Q3 25 | $62.8M | $21.2M | ||
| Q2 25 | $21.1M | $-14.7M | ||
| Q1 25 | $40.8M | $16.5M | ||
| Q4 24 | $62.1M | $35.4M | ||
| Q3 24 | $39.4M | $17.8M | ||
| Q2 24 | $-3.5M | $14.2M | ||
| Q1 24 | $-51.5M | $23.6M |
| Q4 25 | 3.2% | 4.7% | ||
| Q3 25 | 16.0% | 8.2% | ||
| Q2 25 | 5.8% | -5.7% | ||
| Q1 25 | 12.3% | 7.4% | ||
| Q4 24 | 18.3% | 14.8% | ||
| Q3 24 | 11.2% | 7.5% | ||
| Q2 24 | -1.1% | 6.5% | ||
| Q1 24 | -17.1% | 12.2% |
| Q4 25 | 6.6% | 8.0% | ||
| Q3 25 | 4.2% | 7.2% | ||
| Q2 25 | 5.6% | 12.7% | ||
| Q1 25 | 4.8% | 13.7% | ||
| Q4 24 | 5.8% | 10.7% | ||
| Q3 24 | 4.3% | 9.9% | ||
| Q2 24 | 5.6% | 9.2% | ||
| Q1 24 | 6.7% | 5.1% |
| Q4 25 | 3.74× | 1.19× | ||
| Q3 25 | 5.54× | 0.85× | ||
| Q2 25 | 0.90× | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 9.93× | 1.30× | ||
| Q3 24 | 3.95× | 0.84× | ||
| Q2 24 | 1.80× | 0.98× | ||
| Q1 24 | -2.22× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
