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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $245.3M, roughly 1.5× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -0.2%, a 10.8% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-2.5M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 6.4%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
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.
FOXF vs TGLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $245.3M |
| Net Profit | $-634.0K | $26.1M |
| Gross Margin | 30.4% | 40.0% |
| Operating Margin | 4.0% | 18.3% |
| Net Margin | -0.2% | 10.6% |
| Revenue YoY | 4.8% | 2.4% |
| Net Profit YoY | -113.3% | -44.5% |
| EPS (diluted) | $-0.02 | $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 | $376.4M | $245.3M | ||
| Q3 25 | $374.9M | $260.5M | ||
| Q2 25 | $355.0M | $255.5M | ||
| Q1 25 | $352.8M | $222.3M | ||
| Q4 24 | — | $239.6M | ||
| Q3 24 | $359.1M | $238.3M | ||
| Q2 24 | $348.5M | $219.7M | ||
| Q1 24 | $333.5M | $192.6M |
| Q4 25 | $-634.0K | $26.1M | ||
| Q3 25 | $2.7M | $47.2M | ||
| Q2 25 | $-259.7M | $44.1M | ||
| Q1 25 | $-141.0K | $42.2M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $4.8M | $49.5M | ||
| Q2 24 | $5.4M | $35.0M | ||
| Q1 24 | $-3.5M | $29.7M |
| Q4 25 | 30.4% | 40.0% | ||
| Q3 25 | 31.2% | 42.7% | ||
| Q2 25 | 30.9% | 44.7% | ||
| Q1 25 | 28.9% | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | 29.9% | 45.8% | ||
| Q2 24 | 31.8% | 40.8% | ||
| Q1 24 | 30.9% | 38.8% |
| Q4 25 | 4.0% | 18.3% | ||
| Q3 25 | 4.9% | 25.1% | ||
| Q2 25 | -70.6% | 24.0% | ||
| Q1 25 | 3.2% | 26.7% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | 5.2% | 28.4% | ||
| Q2 24 | 5.3% | 23.3% | ||
| Q1 24 | 2.7% | 21.3% |
| Q4 25 | -0.2% | 10.6% | ||
| Q3 25 | 0.7% | 18.1% | ||
| Q2 25 | -73.1% | 17.3% | ||
| Q1 25 | -0.0% | 19.0% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | 1.3% | 20.8% | ||
| Q2 24 | 1.6% | 15.9% | ||
| Q1 24 | -1.0% | 15.4% |
| Q4 25 | $-0.02 | $0.57 | ||
| Q3 25 | $0.07 | $1.01 | ||
| Q2 25 | $-6.23 | $0.94 | ||
| Q1 25 | $0.00 | $0.90 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $0.11 | $1.05 | ||
| Q2 24 | $0.13 | $0.75 | ||
| Q1 24 | $-0.08 | $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 | — | $104.1M |
| Total DebtLower is stronger | $536.7M | $174.4M |
| Stockholders' EquityBook value | $956.0M | $713.1M |
| Total Assets | $2.0B | $1.3B |
| Debt / EquityLower = less leverage | 0.56× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | $71.7M | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
| Q4 25 | $536.7M | $174.4M | ||
| Q3 25 | $541.8M | $114.7M | ||
| Q2 25 | $546.9M | $110.6M | ||
| Q1 25 | $552.1M | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | $558.4M | $126.8M | ||
| Q2 24 | $564.1M | $144.7M | ||
| Q1 24 | $370.4M | $160.9M |
| Q4 25 | $956.0M | $713.1M | ||
| Q3 25 | $958.7M | $764.0M | ||
| Q2 25 | $939.9M | $736.0M | ||
| Q1 25 | $1.2B | $685.1M | ||
| Q4 24 | — | $631.2M | ||
| Q3 24 | $1.2B | $613.3M | ||
| Q2 24 | $1.2B | $574.8M | ||
| Q1 24 | $1.2B | $573.6M |
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $2.3B | $996.3M | ||
| Q2 24 | $2.3B | $942.5M | ||
| Q1 24 | $2.2B | $981.6M |
| Q4 25 | 0.56× | 0.24× | ||
| Q3 25 | 0.57× | 0.15× | ||
| Q2 25 | 0.58× | 0.15× | ||
| Q1 25 | 0.46× | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | 0.47× | 0.21× | ||
| Q2 24 | 0.47× | 0.25× | ||
| Q1 24 | 0.31× | 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 | $5.3M | $31.0M |
| Free Cash FlowOCF − Capex | $-2.5M | $11.4M |
| FCF MarginFCF / Revenue | -0.7% | 4.7% |
| Capex IntensityCapex / Revenue | 2.1% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $31.0M | ||
| Q3 25 | $36.8M | $40.0M | ||
| Q2 25 | $680.0K | $17.9M | ||
| Q1 25 | $81.7M | $46.9M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | $14.1M | $41.5M | ||
| Q2 24 | $26.7M | $34.5M | ||
| Q1 24 | $9.4M | $33.4M |
| Q4 25 | $-2.5M | $11.4M | ||
| Q3 25 | $24.6M | $21.2M | ||
| Q2 25 | $-6.5M | $-14.7M | ||
| Q1 25 | $69.8M | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | $3.2M | $17.8M | ||
| Q2 24 | $15.4M | $14.2M | ||
| Q1 24 | $-555.0K | $23.6M |
| Q4 25 | -0.7% | 4.7% | ||
| Q3 25 | 6.6% | 8.2% | ||
| Q2 25 | -1.8% | -5.7% | ||
| Q1 25 | 19.8% | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 0.9% | 7.5% | ||
| Q2 24 | 4.4% | 6.5% | ||
| Q1 24 | -0.2% | 12.2% |
| Q4 25 | 2.1% | 8.0% | ||
| Q3 25 | 3.3% | 7.2% | ||
| Q2 25 | 2.0% | 12.7% | ||
| Q1 25 | 3.4% | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 3.0% | 9.9% | ||
| Q2 24 | 3.2% | 9.2% | ||
| Q1 24 | 3.0% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 13.41× | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 2.94× | 0.84× | ||
| Q2 24 | 4.94× | 0.98× | ||
| Q1 24 | — | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
