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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($479.0M vs $245.3M, roughly 2.0× Tecnoglass Inc.). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 10.6%, a 9.5% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -0.8%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 9.1%).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
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.
FHI vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $245.3M |
| Net Profit | $96.4M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 26.4% | 18.3% |
| Net Margin | 20.1% | 10.6% |
| Revenue YoY | -0.8% | 2.4% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | — | $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.
| Q1 26 | $479.0M | — | ||
| Q4 25 | $482.8M | $245.3M | ||
| Q3 25 | $469.4M | $260.5M | ||
| Q2 25 | $424.8M | $255.5M | ||
| Q1 25 | $423.5M | $222.3M | ||
| Q4 24 | $424.7M | $239.6M | ||
| Q3 24 | $408.5M | $238.3M | ||
| Q2 24 | $402.6M | $219.7M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $26.1M | ||
| Q3 25 | $104.1M | $47.2M | ||
| Q2 25 | $91.0M | $44.1M | ||
| Q1 25 | $101.1M | $42.2M | ||
| Q4 24 | $84.7M | $47.0M | ||
| Q3 24 | $87.5M | $49.5M | ||
| Q2 24 | $21.0M | $35.0M |
| Q1 26 | — | — | ||
| 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 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 18.3% | ||
| Q3 25 | 27.6% | 25.1% | ||
| Q2 25 | 27.6% | 24.0% | ||
| Q1 25 | 31.1% | 26.7% | ||
| Q4 24 | 26.0% | 28.0% | ||
| Q3 24 | 27.4% | 28.4% | ||
| Q2 24 | 10.1% | 23.3% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 10.6% | ||
| Q3 25 | 22.2% | 18.1% | ||
| Q2 25 | 21.4% | 17.3% | ||
| Q1 25 | 23.9% | 19.0% | ||
| Q4 24 | 19.9% | 19.6% | ||
| Q3 24 | 21.4% | 20.8% | ||
| Q2 24 | 5.2% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $0.57 | ||
| Q3 25 | $1.34 | $1.01 | ||
| Q2 25 | $1.16 | $0.94 | ||
| Q1 25 | $1.25 | $0.90 | ||
| Q4 24 | $1.08 | $1.00 | ||
| Q3 24 | $1.06 | $1.05 | ||
| Q2 24 | $0.20 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.1M |
| Total DebtLower is stronger | $348.4M | $174.4M |
| Stockholders' EquityBook value | $100.8B | $713.1M |
| Total Assets | $2.1B | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $104.1M | ||
| Q3 25 | $506.3M | $127.1M | ||
| Q2 25 | $371.0M | $140.9M | ||
| Q1 25 | $387.6M | $160.2M | ||
| Q4 24 | $504.4M | $137.5M | ||
| Q3 24 | $375.0M | $124.8M | ||
| Q2 24 | $307.4M | $129.5M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $174.4M | ||
| Q3 25 | $348.3M | $114.7M | ||
| Q2 25 | $348.2M | $110.6M | ||
| Q1 25 | $348.2M | $110.6M | ||
| Q4 24 | $348.1M | $111.1M | ||
| Q3 24 | $348.0M | $126.8M | ||
| Q2 24 | $348.0M | $144.7M |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $713.1M | ||
| Q3 25 | $1.2B | $764.0M | ||
| Q2 25 | $1.1B | $736.0M | ||
| Q1 25 | $1.1B | $685.1M | ||
| Q4 24 | $1.1B | $631.2M | ||
| Q3 24 | $1.1B | $613.3M | ||
| Q2 24 | $1.0B | $574.8M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.0B | $996.3M | ||
| Q2 24 | $1.9B | $942.5M |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.24× | ||
| Q3 25 | 0.29× | 0.15× | ||
| Q2 25 | 0.31× | 0.15× | ||
| Q1 25 | 0.32× | 0.16× | ||
| Q4 24 | 0.32× | 0.18× | ||
| Q3 24 | 0.32× | 0.21× | ||
| Q2 24 | 0.34× | 0.25× |
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 | — | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $31.0M | ||
| Q3 25 | $103.1M | $40.0M | ||
| Q2 25 | $18.8M | $17.9M | ||
| Q1 25 | $14.3M | $46.9M | ||
| Q4 24 | $346.6M | $61.1M | ||
| Q3 24 | $117.1M | $41.5M | ||
| Q2 24 | $88.7M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $11.4M | ||
| Q3 25 | $101.6M | $21.2M | ||
| Q2 25 | $18.0M | $-14.7M | ||
| Q1 25 | $13.3M | $16.5M | ||
| Q4 24 | $342.5M | $35.4M | ||
| Q3 24 | $114.1M | $17.8M | ||
| Q2 24 | $82.7M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | 4.7% | ||
| Q3 25 | 21.6% | 8.2% | ||
| Q2 25 | 4.2% | -5.7% | ||
| Q1 25 | 3.1% | 7.4% | ||
| Q4 24 | 80.7% | 14.8% | ||
| Q3 24 | 27.9% | 7.5% | ||
| Q2 24 | 20.5% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 8.0% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 0.2% | 12.7% | ||
| Q1 25 | 0.2% | 13.7% | ||
| Q4 24 | 0.9% | 10.7% | ||
| Q3 24 | 0.7% | 9.9% | ||
| Q2 24 | 1.5% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 1.19× | ||
| Q3 25 | 0.99× | 0.85× | ||
| Q2 25 | 0.21× | 0.41× | ||
| Q1 25 | 0.14× | 1.11× | ||
| Q4 24 | 4.09× | 1.30× | ||
| Q3 24 | 1.34× | 0.84× | ||
| Q2 24 | 4.22× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment advisory fees, net | $319.4M | 67% |
| Administrative service fees, net-affiliates | $110.3M | 23% |
| Other | $49.3M | 10% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
