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Side-by-side financial comparison of ICF International, Inc. (ICFI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

ICF International, Inc. is the larger business by last-quarter revenue ($443.7M vs $245.3M, roughly 1.8× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 3.9%, a 6.7% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -10.6%). ICF International, Inc. produced more free cash flow last quarter ($68.7M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -5.3%).

ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.

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.

ICFI vs TGLS — Head-to-Head

Bigger by revenue
ICFI
ICFI
1.8× larger
ICFI
$443.7M
$245.3M
TGLS
Growing faster (revenue YoY)
TGLS
TGLS
+13.0% gap
TGLS
2.4%
-10.6%
ICFI
Higher net margin
TGLS
TGLS
6.7% more per $
TGLS
10.6%
3.9%
ICFI
More free cash flow
ICFI
ICFI
$57.3M more FCF
ICFI
$68.7M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-5.3%
ICFI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ICFI
ICFI
TGLS
TGLS
Revenue
$443.7M
$245.3M
Net Profit
$17.3M
$26.1M
Gross Margin
35.7%
40.0%
Operating Margin
6.5%
18.3%
Net Margin
3.9%
10.6%
Revenue YoY
-10.6%
2.4%
Net Profit YoY
-29.5%
-44.5%
EPS (diluted)
$0.95
$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.

Revenue
ICFI
ICFI
TGLS
TGLS
Q4 25
$443.7M
$245.3M
Q3 25
$465.4M
$260.5M
Q2 25
$476.2M
$255.5M
Q1 25
$487.6M
$222.3M
Q4 24
$496.3M
$239.6M
Q3 24
$517.0M
$238.3M
Q2 24
$512.0M
$219.7M
Q1 24
$494.4M
$192.6M
Net Profit
ICFI
ICFI
TGLS
TGLS
Q4 25
$17.3M
$26.1M
Q3 25
$23.8M
$47.2M
Q2 25
$23.7M
$44.1M
Q1 25
$26.9M
$42.2M
Q4 24
$24.6M
$47.0M
Q3 24
$32.7M
$49.5M
Q2 24
$25.6M
$35.0M
Q1 24
$27.3M
$29.7M
Gross Margin
ICFI
ICFI
TGLS
TGLS
Q4 25
35.7%
40.0%
Q3 25
37.6%
42.7%
Q2 25
37.3%
44.7%
Q1 25
38.0%
43.9%
Q4 24
36.1%
44.5%
Q3 24
37.1%
45.8%
Q2 24
35.7%
40.8%
Q1 24
37.2%
38.8%
Operating Margin
ICFI
ICFI
TGLS
TGLS
Q4 25
6.5%
18.3%
Q3 25
8.3%
25.1%
Q2 25
8.4%
24.0%
Q1 25
7.9%
26.7%
Q4 24
7.3%
28.0%
Q3 24
8.9%
28.4%
Q2 24
8.3%
23.3%
Q1 24
8.3%
21.3%
Net Margin
ICFI
ICFI
TGLS
TGLS
Q4 25
3.9%
10.6%
Q3 25
5.1%
18.1%
Q2 25
5.0%
17.3%
Q1 25
5.5%
19.0%
Q4 24
4.9%
19.6%
Q3 24
6.3%
20.8%
Q2 24
5.0%
15.9%
Q1 24
5.5%
15.4%
EPS (diluted)
ICFI
ICFI
TGLS
TGLS
Q4 25
$0.95
$0.57
Q3 25
$1.28
$1.01
Q2 25
$1.28
$0.94
Q1 25
$1.44
$0.90
Q4 24
$1.29
$1.00
Q3 24
$1.73
$1.05
Q2 24
$1.36
$0.75
Q1 24
$1.44
$0.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ICFI
ICFI
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$5.3M
$104.1M
Total DebtLower is stronger
$401.4M
$174.4M
Stockholders' EquityBook value
$1.0B
$713.1M
Total Assets
$2.1B
$1.3B
Debt / EquityLower = less leverage
0.39×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICFI
ICFI
TGLS
TGLS
Q4 25
$5.3M
$104.1M
Q3 25
$4.0M
$127.1M
Q2 25
$7.0M
$140.9M
Q1 25
$5.7M
$160.2M
Q4 24
$5.0M
$137.5M
Q3 24
$6.9M
$124.8M
Q2 24
$4.1M
$129.5M
Q1 24
$3.7M
$138.8M
Total Debt
ICFI
ICFI
TGLS
TGLS
Q4 25
$401.4M
$174.4M
Q3 25
$449.4M
$114.7M
Q2 25
$462.3M
$110.6M
Q1 25
$502.0M
$110.6M
Q4 24
$411.7M
$111.1M
Q3 24
$419.1M
$126.8M
Q2 24
$433.9M
$144.7M
Q1 24
$474.7M
$160.9M
Stockholders' Equity
ICFI
ICFI
TGLS
TGLS
Q4 25
$1.0B
$713.1M
Q3 25
$1.0B
$764.0M
Q2 25
$1.0B
$736.0M
Q1 25
$968.9M
$685.1M
Q4 24
$982.5M
$631.2M
Q3 24
$976.3M
$613.3M
Q2 24
$943.3M
$574.8M
Q1 24
$916.1M
$573.6M
Total Assets
ICFI
ICFI
TGLS
TGLS
Q4 25
$2.1B
$1.3B
Q3 25
$2.1B
$1.2B
Q2 25
$2.1B
$1.2B
Q1 25
$2.1B
$1.1B
Q4 24
$2.1B
$1.0B
Q3 24
$2.0B
$996.3M
Q2 24
$2.0B
$942.5M
Q1 24
$2.0B
$981.6M
Debt / Equity
ICFI
ICFI
TGLS
TGLS
Q4 25
0.39×
0.24×
Q3 25
0.44×
0.15×
Q2 25
0.46×
0.15×
Q1 25
0.52×
0.16×
Q4 24
0.42×
0.18×
Q3 24
0.43×
0.21×
Q2 24
0.46×
0.25×
Q1 24
0.52×
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
ICFI
ICFI
TGLS
TGLS
Operating Cash FlowLast quarter
$75.6M
$31.0M
Free Cash FlowOCF − Capex
$68.7M
$11.4M
FCF MarginFCF / Revenue
15.5%
4.7%
Capex IntensityCapex / Revenue
1.6%
8.0%
Cash ConversionOCF / Net Profit
4.37×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$120.2M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICFI
ICFI
TGLS
TGLS
Q4 25
$75.6M
$31.0M
Q3 25
$47.3M
$40.0M
Q2 25
$52.0M
$17.9M
Q1 25
$-33.0M
$46.9M
Q4 24
$95.4M
$61.1M
Q3 24
$25.5M
$41.5M
Q2 24
$60.6M
$34.5M
Q1 24
$-10.0M
$33.4M
Free Cash Flow
ICFI
ICFI
TGLS
TGLS
Q4 25
$68.7M
$11.4M
Q3 25
$41.8M
$21.2M
Q2 25
$46.2M
$-14.7M
Q1 25
$-36.5M
$16.5M
Q4 24
$89.5M
$35.4M
Q3 24
$20.4M
$17.8M
Q2 24
$55.5M
$14.2M
Q1 24
$-15.2M
$23.6M
FCF Margin
ICFI
ICFI
TGLS
TGLS
Q4 25
15.5%
4.7%
Q3 25
9.0%
8.2%
Q2 25
9.7%
-5.7%
Q1 25
-7.5%
7.4%
Q4 24
18.0%
14.8%
Q3 24
3.9%
7.5%
Q2 24
10.8%
6.5%
Q1 24
-3.1%
12.2%
Capex Intensity
ICFI
ICFI
TGLS
TGLS
Q4 25
1.6%
8.0%
Q3 25
1.2%
7.2%
Q2 25
1.2%
12.7%
Q1 25
0.7%
13.7%
Q4 24
1.2%
10.7%
Q3 24
1.0%
9.9%
Q2 24
1.0%
9.2%
Q1 24
1.1%
5.1%
Cash Conversion
ICFI
ICFI
TGLS
TGLS
Q4 25
4.37×
1.19×
Q3 25
1.99×
0.85×
Q2 25
2.20×
0.41×
Q1 25
-1.23×
1.11×
Q4 24
3.88×
1.30×
Q3 24
0.78×
0.84×
Q2 24
2.37×
0.98×
Q1 24
-0.37×
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ICFI
ICFI

US Federal Government$166.7M38%
Commercial$164.4M37%
US State And Local Government$78.7M18%
International Government$33.8M8%

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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