vs
Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $245.3M, roughly 1.4× Tecnoglass Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 10.6%, a 28.0% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 2.4%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 6.5%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
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.
FRT vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $245.3M |
| Net Profit | $129.7M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 53.8% | 18.3% |
| Net Margin | 38.6% | 10.6% |
| Revenue YoY | 8.7% | 2.4% |
| Net Profit YoY | 103.5% | -44.5% |
| EPS (diluted) | $1.49 | $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 | $336.0M | — | ||
| Q4 25 | $336.0M | $245.3M | ||
| Q3 25 | $322.3M | $260.5M | ||
| Q2 25 | $311.5M | $255.5M | ||
| Q1 25 | $309.2M | $222.3M | ||
| Q4 24 | $311.4M | $239.6M | ||
| Q3 24 | $303.6M | $238.3M | ||
| Q2 24 | $296.1M | $219.7M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $26.1M | ||
| Q3 25 | $61.6M | $47.2M | ||
| Q2 25 | $155.9M | $44.1M | ||
| Q1 25 | $63.8M | $42.2M | ||
| Q4 24 | $65.5M | $47.0M | ||
| Q3 24 | $61.0M | $49.5M | ||
| Q2 24 | $112.0M | $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 | 53.8% | — | ||
| Q4 25 | 53.8% | 18.3% | ||
| Q3 25 | 34.3% | 25.1% | ||
| Q2 25 | 65.1% | 24.0% | ||
| Q1 25 | 35.0% | 26.7% | ||
| Q4 24 | 35.1% | 28.0% | ||
| Q3 24 | 34.9% | 28.4% | ||
| Q2 24 | 53.0% | 23.3% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 10.6% | ||
| Q3 25 | 19.1% | 18.1% | ||
| Q2 25 | 50.0% | 17.3% | ||
| Q1 25 | 20.6% | 19.0% | ||
| Q4 24 | 21.0% | 19.6% | ||
| Q3 24 | 20.1% | 20.8% | ||
| Q2 24 | 37.8% | 15.9% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.57 | ||
| Q3 25 | $0.69 | $1.01 | ||
| Q2 25 | $1.78 | $0.94 | ||
| Q1 25 | $0.72 | $0.90 | ||
| Q4 24 | $0.74 | $1.00 | ||
| Q3 24 | $0.70 | $1.05 | ||
| Q2 24 | $1.32 | $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 | $107.4M | $104.1M |
| Total DebtLower is stronger | $5.0B | $174.4M |
| Stockholders' EquityBook value | $3.2B | $713.1M |
| Total Assets | $9.1B | $1.3B |
| Debt / EquityLower = less leverage | 1.53× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $104.1M | ||
| Q3 25 | $111.3M | $127.1M | ||
| Q2 25 | $177.0M | $140.9M | ||
| Q1 25 | $109.2M | $160.2M | ||
| Q4 24 | $123.4M | $137.5M | ||
| Q3 24 | $97.0M | $124.8M | ||
| Q2 24 | $103.2M | $129.5M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $4.5B | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $713.1M | ||
| Q3 25 | $3.2B | $764.0M | ||
| Q2 25 | $3.2B | $736.0M | ||
| Q1 25 | $3.2B | $685.1M | ||
| Q4 24 | $3.2B | $631.2M | ||
| Q3 24 | $3.1B | $613.3M | ||
| Q2 24 | $3.0B | $574.8M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $1.3B | ||
| Q3 25 | $8.9B | $1.2B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.1B | ||
| Q4 24 | $8.5B | $1.0B | ||
| Q3 24 | $8.5B | $996.3M | ||
| Q2 24 | $8.4B | $942.5M |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 1.42× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 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 | $622.4M | $31.0M | ||
| Q3 25 | $147.8M | $40.0M | ||
| Q2 25 | $150.7M | $17.9M | ||
| Q1 25 | $179.0M | $46.9M | ||
| Q4 24 | $574.6M | $61.1M | ||
| Q3 24 | $144.1M | $41.5M | ||
| Q2 24 | $169.7M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 1.19× | ||
| Q3 25 | 2.40× | 0.85× | ||
| Q2 25 | 0.97× | 0.41× | ||
| Q1 25 | 2.81× | 1.11× | ||
| Q4 24 | 8.77× | 1.30× | ||
| Q3 24 | 2.36× | 0.84× | ||
| Q2 24 | 1.52× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
