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Side-by-side financial comparison of Forestar Group Inc. (FOR) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $245.3M, roughly 1.1× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 5.6%, a 5.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-157.1M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -9.6%).
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
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.
FOR vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $245.3M |
| Net Profit | $15.4M | $26.1M |
| Gross Margin | 20.1% | 40.0% |
| Operating Margin | 7.6% | 18.3% |
| Net Margin | 5.6% | 10.6% |
| Revenue YoY | 9.0% | 2.4% |
| Net Profit YoY | -6.7% | -44.5% |
| EPS (diluted) | $0.30 | $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 | $273.0M | $245.3M | ||
| Q3 25 | $670.5M | $260.5M | ||
| Q2 25 | $390.5M | $255.5M | ||
| Q1 25 | $351.0M | $222.3M | ||
| Q4 24 | $250.4M | $239.6M | ||
| Q3 24 | $551.3M | $238.3M | ||
| Q2 24 | $318.4M | $219.7M | ||
| Q1 24 | $333.8M | $192.6M |
| Q4 25 | $15.4M | $26.1M | ||
| Q3 25 | $86.9M | $47.2M | ||
| Q2 25 | $32.9M | $44.1M | ||
| Q1 25 | $31.6M | $42.2M | ||
| Q4 24 | $16.5M | $47.0M | ||
| Q3 24 | $81.5M | $49.5M | ||
| Q2 24 | $38.7M | $35.0M | ||
| Q1 24 | $45.0M | $29.7M |
| Q4 25 | 20.1% | 40.0% | ||
| Q3 25 | 22.3% | 42.7% | ||
| Q2 25 | 20.4% | 44.7% | ||
| Q1 25 | 22.6% | 43.9% | ||
| Q4 24 | 22.0% | 44.5% | ||
| Q3 24 | 23.9% | 45.8% | ||
| Q2 24 | 22.5% | 40.8% | ||
| Q1 24 | 24.9% | 38.8% |
| Q4 25 | 7.6% | 18.3% | ||
| Q3 25 | 16.9% | 25.1% | ||
| Q2 25 | 11.2% | 24.0% | ||
| Q1 25 | 11.6% | 26.7% | ||
| Q4 24 | 8.7% | 28.0% | ||
| Q3 24 | 19.7% | 28.4% | ||
| Q2 24 | 16.2% | 23.3% | ||
| Q1 24 | 17.6% | 21.3% |
| Q4 25 | 5.6% | 10.6% | ||
| Q3 25 | 13.0% | 18.1% | ||
| Q2 25 | 8.4% | 17.3% | ||
| Q1 25 | 9.0% | 19.0% | ||
| Q4 24 | 6.6% | 19.6% | ||
| Q3 24 | 14.8% | 20.8% | ||
| Q2 24 | 12.2% | 15.9% | ||
| Q1 24 | 13.5% | 15.4% |
| Q4 25 | $0.30 | $0.57 | ||
| Q3 25 | $1.70 | $1.01 | ||
| Q2 25 | $0.65 | $0.94 | ||
| Q1 25 | $0.62 | $0.90 | ||
| Q4 24 | $0.32 | $1.00 | ||
| Q3 24 | $1.59 | $1.05 | ||
| Q2 24 | $0.76 | $0.75 | ||
| Q1 24 | $0.89 | $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 | $211.7M | $104.1M |
| Total DebtLower is stronger | $793.2M | $174.4M |
| Stockholders' EquityBook value | $1.8B | $713.1M |
| Total Assets | $3.2B | $1.3B |
| Debt / EquityLower = less leverage | 0.44× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $211.7M | $104.1M | ||
| Q3 25 | $379.2M | $127.1M | ||
| Q2 25 | $189.2M | $140.9M | ||
| Q1 25 | $174.3M | $160.2M | ||
| Q4 24 | $132.0M | $137.5M | ||
| Q3 24 | $481.2M | $124.8M | ||
| Q2 24 | $359.2M | $129.5M | ||
| Q1 24 | $416.2M | $138.8M |
| Q4 25 | $793.2M | $174.4M | ||
| Q3 25 | $802.7M | $114.7M | ||
| Q2 25 | $872.8M | $110.6M | ||
| Q1 25 | $872.5M | $110.6M | ||
| Q4 24 | $806.8M | $111.1M | ||
| Q3 24 | $706.4M | $126.8M | ||
| Q2 24 | $706.1M | $144.7M | ||
| Q1 24 | $705.7M | $160.9M |
| Q4 25 | $1.8B | $713.1M | ||
| Q3 25 | $1.8B | $764.0M | ||
| Q2 25 | $1.7B | $736.0M | ||
| Q1 25 | $1.6B | $685.1M | ||
| Q4 24 | $1.6B | $631.2M | ||
| Q3 24 | $1.6B | $613.3M | ||
| Q2 24 | $1.5B | $574.8M | ||
| Q1 24 | $1.5B | $573.6M |
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.1B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.0B | $1.1B | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $2.8B | $996.3M | ||
| Q2 24 | $2.7B | $942.5M | ||
| Q1 24 | $2.6B | $981.6M |
| Q4 25 | 0.44× | 0.24× | ||
| Q3 25 | 0.45× | 0.15× | ||
| Q2 25 | 0.52× | 0.15× | ||
| Q1 25 | 0.53× | 0.16× | ||
| Q4 24 | 0.50× | 0.18× | ||
| Q3 24 | 0.44× | 0.21× | ||
| Q2 24 | 0.47× | 0.25× | ||
| Q1 24 | 0.48× | 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 | $-157.0M | $31.0M |
| Free Cash FlowOCF − Capex | $-157.1M | $11.4M |
| FCF MarginFCF / Revenue | -57.5% | 4.7% |
| Capex IntensityCapex / Revenue | 0.0% | 8.0% |
| Cash ConversionOCF / Net Profit | -10.19× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $93.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-157.0M | $31.0M | ||
| Q3 25 | $256.3M | $40.0M | ||
| Q2 25 | $15.8M | $17.9M | ||
| Q1 25 | $-19.8M | $46.9M | ||
| Q4 24 | $-450.0M | $61.1M | ||
| Q3 24 | $119.2M | $41.5M | ||
| Q2 24 | $-61.7M | $34.5M | ||
| Q1 24 | $-59.2M | $33.4M |
| Q4 25 | $-157.1M | $11.4M | ||
| Q3 25 | $255.6M | $21.2M | ||
| Q2 25 | $15.0M | $-14.7M | ||
| Q1 25 | $-20.5M | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | $118.4M | $17.8M | ||
| Q2 24 | $-62.3M | $14.2M | ||
| Q1 24 | $-59.8M | $23.6M |
| Q4 25 | -57.5% | 4.7% | ||
| Q3 25 | 38.1% | 8.2% | ||
| Q2 25 | 3.8% | -5.7% | ||
| Q1 25 | -5.8% | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 21.5% | 7.5% | ||
| Q2 24 | -19.6% | 6.5% | ||
| Q1 24 | -17.9% | 12.2% |
| Q4 25 | 0.0% | 8.0% | ||
| Q3 25 | 0.1% | 7.2% | ||
| Q2 25 | 0.2% | 12.7% | ||
| Q1 25 | 0.2% | 13.7% | ||
| Q4 24 | 0.0% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.2% | 9.2% | ||
| Q1 24 | 0.2% | 5.1% |
| Q4 25 | -10.19× | 1.19× | ||
| Q3 25 | 2.95× | 0.85× | ||
| Q2 25 | 0.48× | 0.41× | ||
| Q1 25 | -0.63× | 1.11× | ||
| Q4 24 | -27.27× | 1.30× | ||
| Q3 24 | 1.46× | 0.84× | ||
| Q2 24 | -1.59× | 0.98× | ||
| Q1 24 | -1.32× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
