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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.8× Emerald Holding, Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -22.8%, a 33.4% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 2.4%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $245.3M |
| Net Profit | $-30.2M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | -11.8% | 18.3% |
| Net Margin | -22.8% | 10.6% |
| Revenue YoY | 24.3% | 2.4% |
| Net Profit YoY | -692.2% | -44.5% |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $245.3M | ||
| Q3 25 | $77.5M | $260.5M | ||
| Q2 25 | $105.5M | $255.5M | ||
| Q1 25 | $147.7M | $222.3M | ||
| Q4 24 | $106.8M | $239.6M | ||
| Q3 24 | $72.6M | $238.3M | ||
| Q2 24 | $86.0M | $219.7M | ||
| Q1 24 | $133.4M | $192.6M |
| Q4 25 | $-30.2M | $26.1M | ||
| Q3 25 | $-14.4M | $47.2M | ||
| Q2 25 | $-1.4M | $44.1M | ||
| Q1 25 | $15.3M | $42.2M | ||
| Q4 24 | $5.1M | $47.0M | ||
| Q3 24 | $-11.1M | $49.5M | ||
| Q2 24 | $-2.8M | $35.0M | ||
| Q1 24 | $11.0M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | -11.8% | 18.3% | ||
| Q3 25 | -10.1% | 25.1% | ||
| Q2 25 | 9.7% | 24.0% | ||
| Q1 25 | 24.2% | 26.7% | ||
| Q4 24 | 19.5% | 28.0% | ||
| Q3 24 | -6.5% | 28.4% | ||
| Q2 24 | 7.4% | 23.3% | ||
| Q1 24 | 18.2% | 21.3% |
| Q4 25 | -22.8% | 10.6% | ||
| Q3 25 | -18.6% | 18.1% | ||
| Q2 25 | -1.3% | 17.3% | ||
| Q1 25 | 10.4% | 19.0% | ||
| Q4 24 | 4.8% | 19.6% | ||
| Q3 24 | -15.3% | 20.8% | ||
| Q2 24 | -3.3% | 15.9% | ||
| Q1 24 | 8.2% | 15.4% |
| Q4 25 | $-0.15 | $0.57 | ||
| Q3 25 | $-0.07 | $1.01 | ||
| Q2 25 | $-0.01 | $0.94 | ||
| Q1 25 | $0.08 | $0.90 | ||
| Q4 24 | $0.01 | $1.00 | ||
| Q3 24 | $-0.05 | $1.05 | ||
| Q2 24 | $-0.03 | $0.75 | ||
| Q1 24 | $0.00 | $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 | $100.9M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $338.8M | $713.1M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $104.1M | ||
| Q3 25 | $95.4M | $127.1M | ||
| Q2 25 | $156.4M | $140.9M | ||
| Q1 25 | $276.8M | $160.2M | ||
| Q4 24 | $194.8M | $137.5M | ||
| Q3 24 | $188.9M | $124.8M | ||
| Q2 24 | $193.2M | $129.5M | ||
| Q1 24 | $186.8M | $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 | $338.8M | $713.1M | ||
| Q3 25 | $369.5M | $764.0M | ||
| Q2 25 | $389.4M | $736.0M | ||
| Q1 25 | $392.1M | $685.1M | ||
| Q4 24 | $385.9M | $631.2M | ||
| Q3 24 | $391.1M | $613.3M | ||
| Q2 24 | $407.6M | $574.8M | ||
| Q1 24 | $-90.7M | $573.6M |
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.1B | $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 | $12.3M | $31.0M |
| Free Cash FlowOCF − Capex | $11.7M | $11.4M |
| FCF MarginFCF / Revenue | 8.8% | 4.7% |
| Capex IntensityCapex / Revenue | 0.5% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $31.0M | ||
| Q3 25 | $1.8M | $40.0M | ||
| Q2 25 | $15.9M | $17.9M | ||
| Q1 25 | $12.6M | $46.9M | ||
| Q4 24 | $20.6M | $61.1M | ||
| Q3 24 | $9.1M | $41.5M | ||
| Q2 24 | $9.8M | $34.5M | ||
| Q1 24 | $7.3M | $33.4M |
| Q4 25 | $11.7M | $11.4M | ||
| Q3 25 | $1.5M | $21.2M | ||
| Q2 25 | $15.8M | $-14.7M | ||
| Q1 25 | $12.4M | $16.5M | ||
| Q4 24 | $19.9M | $35.4M | ||
| Q3 24 | $9.0M | $17.8M | ||
| Q2 24 | $9.6M | $14.2M | ||
| Q1 24 | $7.0M | $23.6M |
| Q4 25 | 8.8% | 4.7% | ||
| Q3 25 | 1.9% | 8.2% | ||
| Q2 25 | 15.0% | -5.7% | ||
| Q1 25 | 8.4% | 7.4% | ||
| Q4 24 | 18.6% | 14.8% | ||
| Q3 24 | 12.4% | 7.5% | ||
| Q2 24 | 11.2% | 6.5% | ||
| Q1 24 | 5.2% | 12.2% |
| Q4 25 | 0.5% | 8.0% | ||
| Q3 25 | 0.4% | 7.2% | ||
| Q2 25 | 0.1% | 12.7% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | 0.7% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.2% | 9.2% | ||
| Q1 24 | 0.2% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | 0.82× | 1.11× | ||
| Q4 24 | 4.04× | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | 0.66× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
