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Side-by-side financial comparison of Flywire Corp (FLYW) 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 $157.5M, roughly 1.6× Flywire Corp). Tecnoglass Inc. runs the higher net margin — 10.6% vs 0.0%, a 10.6% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $4.5M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 12.8%).
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers 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.
FLYW vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $245.3M |
| Net Profit | $33.0K | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | -0.6% | 18.3% |
| Net Margin | 0.0% | 10.6% |
| Revenue YoY | 34.0% | 2.4% |
| Net Profit YoY | 100.2% | -44.5% |
| EPS (diluted) | $0.01 | $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 | $157.5M | $245.3M | ||
| Q3 25 | $200.1M | $260.5M | ||
| Q2 25 | $131.9M | $255.5M | ||
| Q1 25 | $133.5M | $222.3M | ||
| Q4 24 | $117.5M | $239.6M | ||
| Q3 24 | $156.8M | $238.3M | ||
| Q2 24 | $103.7M | $219.7M | ||
| Q1 24 | $114.1M | $192.6M |
| Q4 25 | $33.0K | $26.1M | ||
| Q3 25 | $29.6M | $47.2M | ||
| Q2 25 | $-12.0M | $44.1M | ||
| Q1 25 | $-4.2M | $42.2M | ||
| Q4 24 | $-15.9M | $47.0M | ||
| Q3 24 | $38.9M | $49.5M | ||
| Q2 24 | $-13.9M | $35.0M | ||
| Q1 24 | $-6.2M | $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 | -0.6% | 18.3% | ||
| Q3 25 | 16.1% | 25.1% | ||
| Q2 25 | -6.8% | 24.0% | ||
| Q1 25 | -8.2% | 26.7% | ||
| Q4 24 | -4.9% | 28.0% | ||
| Q3 24 | 12.9% | 28.4% | ||
| Q2 24 | -15.2% | 23.3% | ||
| Q1 24 | -5.2% | 21.3% |
| Q4 25 | 0.0% | 10.6% | ||
| Q3 25 | 14.8% | 18.1% | ||
| Q2 25 | -9.1% | 17.3% | ||
| Q1 25 | -3.1% | 19.0% | ||
| Q4 24 | -13.5% | 19.6% | ||
| Q3 24 | 24.8% | 20.8% | ||
| Q2 24 | -13.4% | 15.9% | ||
| Q1 24 | -5.4% | 15.4% |
| Q4 25 | $0.01 | $0.57 | ||
| Q3 25 | $0.23 | $1.01 | ||
| Q2 25 | $-0.10 | $0.94 | ||
| Q1 25 | $-0.03 | $0.90 | ||
| Q4 24 | $-0.12 | $1.00 | ||
| Q3 24 | $0.30 | $1.05 | ||
| Q2 24 | $-0.11 | $0.75 | ||
| Q1 24 | $-0.05 | $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 | $355.0M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $835.2M | $713.1M |
| Total Assets | $1.3B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.0M | $104.1M | ||
| Q3 25 | $377.3M | $127.1M | ||
| Q2 25 | $274.2M | $140.9M | ||
| Q1 25 | $255.3M | $160.2M | ||
| Q4 24 | $611.1M | $137.5M | ||
| Q3 24 | $681.1M | $124.8M | ||
| Q2 24 | $571.0M | $129.5M | ||
| Q1 24 | $619.0M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $15.0M | $114.7M | ||
| Q2 25 | $60.0M | $110.6M | ||
| Q1 25 | $60.0M | $110.6M | ||
| Q4 24 | $0 | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $835.2M | $713.1M | ||
| Q3 25 | $829.1M | $764.0M | ||
| Q2 25 | $792.4M | $736.0M | ||
| Q1 25 | $784.3M | $685.1M | ||
| Q4 24 | $814.8M | $631.2M | ||
| Q3 24 | $843.2M | $613.3M | ||
| Q2 24 | $802.6M | $574.8M | ||
| Q1 24 | $-797.0M | $573.6M |
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $996.3M | ||
| Q2 24 | $998.7M | $942.5M | ||
| Q1 24 | $998.7M | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.02× | 0.15× | ||
| Q2 25 | 0.08× | 0.15× | ||
| Q1 25 | 0.08× | 0.16× | ||
| Q4 24 | 0.00× | 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 | $4.9M | $31.0M |
| Free Cash FlowOCF − Capex | $4.5M | $11.4M |
| FCF MarginFCF / Revenue | 2.9% | 4.7% |
| Capex IntensityCapex / Revenue | 0.2% | 8.0% |
| Cash ConversionOCF / Net Profit | 148.06× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $31.0M | ||
| Q3 25 | $150.1M | $40.0M | ||
| Q2 25 | $24.1M | $17.9M | ||
| Q1 25 | $-78.9M | $46.9M | ||
| Q4 24 | $-28.6M | $61.1M | ||
| Q3 24 | $184.6M | $41.5M | ||
| Q2 24 | $-19.3M | $34.5M | ||
| Q1 24 | $-38.1M | $33.4M |
| Q4 25 | $4.5M | $11.4M | ||
| Q3 25 | $149.9M | $21.2M | ||
| Q2 25 | $23.5M | $-14.7M | ||
| Q1 25 | $-79.1M | $16.5M | ||
| Q4 24 | $-28.7M | $35.4M | ||
| Q3 24 | $184.4M | $17.8M | ||
| Q2 24 | $-19.7M | $14.2M | ||
| Q1 24 | $-38.3M | $23.6M |
| Q4 25 | 2.9% | 4.7% | ||
| Q3 25 | 74.9% | 8.2% | ||
| Q2 25 | 17.8% | -5.7% | ||
| Q1 25 | -59.3% | 7.4% | ||
| Q4 24 | -24.4% | 14.8% | ||
| Q3 24 | 117.6% | 7.5% | ||
| Q2 24 | -19.0% | 6.5% | ||
| Q1 24 | -33.6% | 12.2% |
| Q4 25 | 0.2% | 8.0% | ||
| Q3 25 | 0.1% | 7.2% | ||
| Q2 25 | 0.4% | 12.7% | ||
| Q1 25 | 0.1% | 13.7% | ||
| Q4 24 | 0.1% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.3% | 9.2% | ||
| Q1 24 | 0.2% | 5.1% |
| Q4 25 | 148.06× | 1.19× | ||
| Q3 25 | 5.07× | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 4.75× | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | — | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
