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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $245.3M, roughly 2.0× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 0.7%, a 10.0% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 2.4%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 7.6%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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.
EYE vs TGLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $245.3M |
| Net Profit | $3.4M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 2.0% | 18.3% |
| Net Margin | 0.7% | 10.6% |
| Revenue YoY | 7.9% | 2.4% |
| Net Profit YoY | 139.8% | -44.5% |
| EPS (diluted) | $0.04 | $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 | — | $245.3M | ||
| Q3 25 | $487.3M | $260.5M | ||
| Q2 25 | $486.4M | $255.5M | ||
| Q1 25 | $510.3M | $222.3M | ||
| Q4 24 | $437.3M | $239.6M | ||
| Q3 24 | $451.5M | $238.3M | ||
| Q2 24 | $451.7M | $219.7M | ||
| Q1 24 | $482.8M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $3.4M | $47.2M | ||
| Q2 25 | $8.7M | $44.1M | ||
| Q1 25 | $14.2M | $42.2M | ||
| Q4 24 | $-28.6M | $47.0M | ||
| Q3 24 | $-8.5M | $49.5M | ||
| Q2 24 | $-3.1M | $35.0M | ||
| Q1 24 | $11.7M | $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 | — | 18.3% | ||
| Q3 25 | 2.0% | 25.1% | ||
| Q2 25 | 3.4% | 24.0% | ||
| Q1 25 | 5.1% | 26.7% | ||
| Q4 24 | -5.8% | 28.0% | ||
| Q3 24 | -2.0% | 28.4% | ||
| Q2 24 | 0.1% | 23.3% | ||
| Q1 24 | 4.9% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | 0.7% | 18.1% | ||
| Q2 25 | 1.8% | 17.3% | ||
| Q1 25 | 2.8% | 19.0% | ||
| Q4 24 | -6.5% | 19.6% | ||
| Q3 24 | -1.9% | 20.8% | ||
| Q2 24 | -0.7% | 15.9% | ||
| Q1 24 | 2.4% | 15.4% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $0.04 | $1.01 | ||
| Q2 25 | $0.11 | $0.94 | ||
| Q1 25 | $0.18 | $0.90 | ||
| Q4 24 | $-0.36 | $1.00 | ||
| Q3 24 | $-0.11 | $1.05 | ||
| Q2 24 | $-0.04 | $0.75 | ||
| Q1 24 | $0.15 | $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 | $56.0M | $104.1M |
| Total DebtLower is stronger | $236.5M | $174.4M |
| Stockholders' EquityBook value | $858.8M | $713.1M |
| Total Assets | $2.0B | $1.3B |
| Debt / EquityLower = less leverage | 0.28× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $56.0M | $127.1M | ||
| Q2 25 | $48.5M | $140.9M | ||
| Q1 25 | $80.0M | $160.2M | ||
| Q4 24 | $73.9M | $137.5M | ||
| Q3 24 | $81.2M | $124.8M | ||
| Q2 24 | $179.5M | $129.5M | ||
| Q1 24 | $150.1M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $236.5M | $114.7M | ||
| Q2 25 | $255.6M | $110.6M | ||
| Q1 25 | $244.7M | $110.6M | ||
| Q4 24 | $248.6M | $111.1M | ||
| Q3 24 | $252.8M | $126.8M | ||
| Q2 24 | $143.9M | $144.7M | ||
| Q1 24 | $448.6M | $160.9M |
| Q4 25 | — | $713.1M | ||
| Q3 25 | $858.8M | $764.0M | ||
| Q2 25 | $850.6M | $736.0M | ||
| Q1 25 | $836.2M | $685.1M | ||
| Q4 24 | $816.3M | $631.2M | ||
| Q3 24 | $840.0M | $613.3M | ||
| Q2 24 | $843.4M | $574.8M | ||
| Q1 24 | $841.3M | $573.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.0B | $996.3M | ||
| Q2 24 | $2.1B | $942.5M | ||
| Q1 24 | $2.2B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.28× | 0.15× | ||
| Q2 25 | 0.30× | 0.15× | ||
| Q1 25 | 0.29× | 0.16× | ||
| Q4 24 | 0.30× | 0.18× | ||
| Q3 24 | 0.30× | 0.21× | ||
| Q2 24 | 0.17× | 0.25× | ||
| Q1 24 | 0.53× | 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 | $46.6M | $31.0M |
| Free Cash FlowOCF − Capex | $30.3M | $11.4M |
| FCF MarginFCF / Revenue | 6.2% | 4.7% |
| Capex IntensityCapex / Revenue | 3.4% | 8.0% |
| Cash ConversionOCF / Net Profit | 13.83× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.0M | ||
| Q3 25 | $46.6M | $40.0M | ||
| Q2 25 | $54.3M | $17.9M | ||
| Q1 25 | $32.2M | $46.9M | ||
| Q4 24 | $30.3M | $61.1M | ||
| Q3 24 | $27.9M | $41.5M | ||
| Q2 24 | $51.5M | $34.5M | ||
| Q1 24 | $24.0M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | $30.3M | $21.2M | ||
| Q2 25 | $42.4M | $-14.7M | ||
| Q1 25 | $12.0M | $16.5M | ||
| Q4 24 | $-1.7M | $35.4M | ||
| Q3 24 | $4.1M | $17.8M | ||
| Q2 24 | $31.9M | $14.2M | ||
| Q1 24 | $4.0M | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 6.2% | 8.2% | ||
| Q2 25 | 8.7% | -5.7% | ||
| Q1 25 | 2.4% | 7.4% | ||
| Q4 24 | -0.4% | 14.8% | ||
| Q3 24 | 0.9% | 7.5% | ||
| Q2 24 | 7.1% | 6.5% | ||
| Q1 24 | 0.8% | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | 3.4% | 7.2% | ||
| Q2 25 | 2.4% | 12.7% | ||
| Q1 25 | 4.0% | 13.7% | ||
| Q4 24 | 7.3% | 10.7% | ||
| Q3 24 | 5.3% | 9.9% | ||
| Q2 24 | 4.3% | 9.2% | ||
| Q1 24 | 4.1% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 13.83× | 0.85× | ||
| Q2 25 | 6.22× | 0.41× | ||
| Q1 25 | 2.27× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | 2.05× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
