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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($282.9M vs $245.3M, roughly 1.2× Tecnoglass Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs 10.6%, a 4.2% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 2.4%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $11.4M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 12.8%).
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
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.
DUOL vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $245.3M |
| Net Profit | $42.0M | $26.1M |
| Gross Margin | 72.8% | 40.0% |
| Operating Margin | 15.4% | 18.3% |
| Net Margin | 14.8% | 10.6% |
| Revenue YoY | 35.0% | 2.4% |
| Net Profit YoY | 201.7% | -44.5% |
| EPS (diluted) | $0.99 | $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 | $282.9M | $245.3M | ||
| Q3 25 | $271.7M | $260.5M | ||
| Q2 25 | $252.3M | $255.5M | ||
| Q1 25 | $230.7M | $222.3M | ||
| Q4 24 | $209.6M | $239.6M | ||
| Q3 24 | $192.6M | $238.3M | ||
| Q2 24 | $178.3M | $219.7M | ||
| Q1 24 | $167.6M | $192.6M |
| Q4 25 | $42.0M | $26.1M | ||
| Q3 25 | $292.2M | $47.2M | ||
| Q2 25 | $44.8M | $44.1M | ||
| Q1 25 | $35.1M | $42.2M | ||
| Q4 24 | $13.9M | $47.0M | ||
| Q3 24 | $23.4M | $49.5M | ||
| Q2 24 | $24.4M | $35.0M | ||
| Q1 24 | $27.0M | $29.7M |
| Q4 25 | 72.8% | 40.0% | ||
| Q3 25 | 72.5% | 42.7% | ||
| Q2 25 | 72.4% | 44.7% | ||
| Q1 25 | 71.1% | 43.9% | ||
| Q4 24 | 71.9% | 44.5% | ||
| Q3 24 | 72.9% | 45.8% | ||
| Q2 24 | 73.4% | 40.8% | ||
| Q1 24 | 73.0% | 38.8% |
| Q4 25 | 15.4% | 18.3% | ||
| Q3 25 | 12.9% | 25.1% | ||
| Q2 25 | 13.2% | 24.0% | ||
| Q1 25 | 10.2% | 26.7% | ||
| Q4 24 | 6.6% | 28.0% | ||
| Q3 24 | 7.0% | 28.4% | ||
| Q2 24 | 10.5% | 23.3% | ||
| Q1 24 | 9.8% | 21.3% |
| Q4 25 | 14.8% | 10.6% | ||
| Q3 25 | 107.5% | 18.1% | ||
| Q2 25 | 17.8% | 17.3% | ||
| Q1 25 | 15.2% | 19.0% | ||
| Q4 24 | 6.6% | 19.6% | ||
| Q3 24 | 12.1% | 20.8% | ||
| Q2 24 | 13.7% | 15.9% | ||
| Q1 24 | 16.1% | 15.4% |
| Q4 25 | $0.99 | $0.57 | ||
| Q3 25 | $5.95 | $1.01 | ||
| Q2 25 | $0.91 | $0.94 | ||
| Q1 25 | $0.72 | $0.90 | ||
| Q4 24 | $0.31 | $1.00 | ||
| Q3 24 | $0.49 | $1.05 | ||
| Q2 24 | $0.51 | $0.75 | ||
| Q1 24 | $0.57 | $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 | $1.0B | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $1.3B | $713.1M |
| Total Assets | $2.0B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $104.1M | ||
| Q3 25 | $1.0B | $127.1M | ||
| Q2 25 | $976.2M | $140.9M | ||
| Q1 25 | $884.0M | $160.2M | ||
| Q4 24 | $785.8M | $137.5M | ||
| Q3 24 | $854.4M | $124.8M | ||
| Q2 24 | $888.2M | $129.5M | ||
| Q1 24 | $829.7M | $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 | $1.3B | $713.1M | ||
| Q3 25 | $1.3B | $764.0M | ||
| Q2 25 | $977.0M | $736.0M | ||
| Q1 25 | $893.8M | $685.1M | ||
| Q4 24 | $824.5M | $631.2M | ||
| Q3 24 | $822.5M | $613.3M | ||
| Q2 24 | $766.9M | $574.8M | ||
| Q1 24 | $711.1M | $573.6M |
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.2B | $996.3M | ||
| Q2 24 | $1.1B | $942.5M | ||
| Q1 24 | $1.1B | $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 | $107.3M | $31.0M |
| Free Cash FlowOCF − Capex | $96.6M | $11.4M |
| FCF MarginFCF / Revenue | 34.1% | 4.7% |
| Capex IntensityCapex / Revenue | 3.8% | 8.0% |
| Cash ConversionOCF / Net Profit | 2.56× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $369.7M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $31.0M | ||
| Q3 25 | $84.2M | $40.0M | ||
| Q2 25 | $90.7M | $17.9M | ||
| Q1 25 | $105.6M | $46.9M | ||
| Q4 24 | $83.3M | $61.1M | ||
| Q3 24 | $56.3M | $41.5M | ||
| Q2 24 | $62.4M | $34.5M | ||
| Q1 24 | $83.5M | $33.4M |
| Q4 25 | $96.6M | $11.4M | ||
| Q3 25 | $79.4M | $21.2M | ||
| Q2 25 | $89.5M | $-14.7M | ||
| Q1 25 | $104.3M | $16.5M | ||
| Q4 24 | $81.4M | $35.4M | ||
| Q3 24 | $53.1M | $17.8M | ||
| Q2 24 | $56.8M | $14.2M | ||
| Q1 24 | $82.1M | $23.6M |
| Q4 25 | 34.1% | 4.7% | ||
| Q3 25 | 29.2% | 8.2% | ||
| Q2 25 | 35.5% | -5.7% | ||
| Q1 25 | 45.2% | 7.4% | ||
| Q4 24 | 38.8% | 14.8% | ||
| Q3 24 | 27.6% | 7.5% | ||
| Q2 24 | 31.9% | 6.5% | ||
| Q1 24 | 49.0% | 12.2% |
| Q4 25 | 3.8% | 8.0% | ||
| Q3 25 | 1.8% | 7.2% | ||
| Q2 25 | 0.5% | 12.7% | ||
| Q1 25 | 0.6% | 13.7% | ||
| Q4 24 | 0.9% | 10.7% | ||
| Q3 24 | 1.7% | 9.9% | ||
| Q2 24 | 3.1% | 9.2% | ||
| Q1 24 | 0.8% | 5.1% |
| Q4 25 | 2.56× | 1.19× | ||
| Q3 25 | 0.29× | 0.85× | ||
| Q2 25 | 2.02× | 0.41× | ||
| Q1 25 | 3.01× | 1.11× | ||
| Q4 24 | 5.99× | 1.30× | ||
| Q3 24 | 2.41× | 0.84× | ||
| Q2 24 | 2.56× | 0.98× | ||
| Q1 24 | 3.10× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
