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Side-by-side financial comparison of Acushnet Holdings Corp. (GOLF) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $245.3M, roughly 1.9× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -7.3%, a 18.0% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-23.3M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -17.9%).
The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.
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.
GOLF vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $477.2M | $245.3M |
| Net Profit | $-34.9M | $26.1M |
| Gross Margin | 44.1% | 40.0% |
| Operating Margin | -3.8% | 18.3% |
| Net Margin | -7.3% | 10.6% |
| Revenue YoY | 7.2% | 2.4% |
| Net Profit YoY | -3027.3% | -44.5% |
| EPS (diluted) | $-0.57 | $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 | $477.2M | $245.3M | ||
| Q3 25 | $657.7M | $260.5M | ||
| Q2 25 | $720.5M | $255.5M | ||
| Q1 25 | $703.4M | $222.3M | ||
| Q4 24 | $445.2M | $239.6M | ||
| Q3 24 | $620.5M | $238.3M | ||
| Q2 24 | $683.9M | $219.7M | ||
| Q1 24 | $707.6M | $192.6M |
| Q4 25 | $-34.9M | $26.1M | ||
| Q3 25 | $48.5M | $47.2M | ||
| Q2 25 | $75.6M | $44.1M | ||
| Q1 25 | $99.4M | $42.2M | ||
| Q4 24 | $-1.1M | $47.0M | ||
| Q3 24 | $56.2M | $49.5M | ||
| Q2 24 | $71.4M | $35.0M | ||
| Q1 24 | $87.8M | $29.7M |
| Q4 25 | 44.1% | 40.0% | ||
| Q3 25 | 48.5% | 42.7% | ||
| Q2 25 | 49.2% | 44.7% | ||
| Q1 25 | 47.9% | 43.9% | ||
| Q4 24 | 22.6% | 44.5% | ||
| Q3 24 | 54.4% | 45.8% | ||
| Q2 24 | 54.4% | 40.8% | ||
| Q1 24 | 53.4% | 38.8% |
| Q4 25 | -3.8% | 18.3% | ||
| Q3 25 | 14.1% | 25.1% | ||
| Q2 25 | 15.2% | 24.0% | ||
| Q1 25 | 16.3% | 26.7% | ||
| Q4 24 | -1.2% | 28.0% | ||
| Q3 24 | 13.2% | 28.4% | ||
| Q2 24 | 15.5% | 23.3% | ||
| Q1 24 | 17.2% | 21.3% |
| Q4 25 | -7.3% | 10.6% | ||
| Q3 25 | 7.4% | 18.1% | ||
| Q2 25 | 10.5% | 17.3% | ||
| Q1 25 | 14.1% | 19.0% | ||
| Q4 24 | -0.3% | 19.6% | ||
| Q3 24 | 9.1% | 20.8% | ||
| Q2 24 | 10.4% | 15.9% | ||
| Q1 24 | 12.4% | 15.4% |
| Q4 25 | $-0.57 | $0.57 | ||
| Q3 25 | $0.81 | $1.01 | ||
| Q2 25 | $1.25 | $0.94 | ||
| Q1 25 | $1.62 | $0.90 | ||
| Q4 24 | $0.02 | $1.00 | ||
| Q3 24 | $0.89 | $1.05 | ||
| Q2 24 | $1.11 | $0.75 | ||
| Q1 24 | $1.35 | $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 | $926.2M | $174.4M |
| Stockholders' EquityBook value | $783.6M | $713.1M |
| Total Assets | $2.3B | $1.3B |
| Debt / EquityLower = less leverage | 1.18× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
| Q4 25 | $926.2M | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $753.1M | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $783.6M | $713.1M | ||
| Q3 25 | $852.3M | $764.0M | ||
| Q2 25 | $808.5M | $736.0M | ||
| Q1 25 | $780.3M | $685.1M | ||
| Q4 24 | $765.2M | $631.2M | ||
| Q3 24 | $863.9M | $613.3M | ||
| Q2 24 | $863.7M | $574.8M | ||
| Q1 24 | $883.7M | $573.6M |
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $2.3B | $996.3M | ||
| Q2 24 | $2.3B | $942.5M | ||
| Q1 24 | $2.4B | $981.6M |
| Q4 25 | 1.18× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 0.98× | 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 | $-338.0K | $31.0M |
| Free Cash FlowOCF − Capex | $-23.3M | $11.4M |
| FCF MarginFCF / Revenue | -4.9% | 4.7% |
| Capex IntensityCapex / Revenue | 4.8% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $120.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-338.0K | $31.0M | ||
| Q3 25 | $163.1M | $40.0M | ||
| Q2 25 | $151.9M | $17.9M | ||
| Q1 25 | $-120.3M | $46.9M | ||
| Q4 24 | $-1.1M | $61.1M | ||
| Q3 24 | $144.1M | $41.5M | ||
| Q2 24 | $211.6M | $34.5M | ||
| Q1 24 | $-109.5M | $33.4M |
| Q4 25 | $-23.3M | $11.4M | ||
| Q3 25 | $136.9M | $21.2M | ||
| Q2 25 | $138.0M | $-14.7M | ||
| Q1 25 | $-131.5M | $16.5M | ||
| Q4 24 | $-33.2M | $35.4M | ||
| Q3 24 | $123.7M | $17.8M | ||
| Q2 24 | $196.8M | $14.2M | ||
| Q1 24 | $-116.8M | $23.6M |
| Q4 25 | -4.9% | 4.7% | ||
| Q3 25 | 20.8% | 8.2% | ||
| Q2 25 | 19.2% | -5.7% | ||
| Q1 25 | -18.7% | 7.4% | ||
| Q4 24 | -7.5% | 14.8% | ||
| Q3 24 | 19.9% | 7.5% | ||
| Q2 24 | 28.8% | 6.5% | ||
| Q1 24 | -16.5% | 12.2% |
| Q4 25 | 4.8% | 8.0% | ||
| Q3 25 | 4.0% | 7.2% | ||
| Q2 25 | 1.9% | 12.7% | ||
| Q1 25 | 1.6% | 13.7% | ||
| Q4 24 | 7.2% | 10.7% | ||
| Q3 24 | 3.3% | 9.9% | ||
| Q2 24 | 2.2% | 9.2% | ||
| Q1 24 | 1.0% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 3.36× | 0.85× | ||
| Q2 25 | 2.01× | 0.41× | ||
| Q1 25 | -1.21× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 2.56× | 0.84× | ||
| Q2 24 | 2.96× | 0.98× | ||
| Q1 24 | -1.25× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
