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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($256.1M vs $245.3M, roughly 1.0× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -1.0%, a 11.6% gap on every dollar of revenue. On growth, ICHOR HOLDINGS, LTD. posted the faster year-over-year revenue change (4.7% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-10.0M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 12.3%).
Ichor Holdings Ltd. designs, manufactures and supplies critical fluid delivery systems, subsystems and related components for the global semiconductor manufacturing sector. Its products are integrated into front-end wafer processing equipment, supporting production of advanced logic, memory and specialty chips for leading semiconductor device and equipment makers across North America, East Asia and Europe.
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.
ICHR vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.1M | $245.3M |
| Net Profit | $-2.5M | $26.1M |
| Gross Margin | 12.6% | 40.0% |
| Operating Margin | 88.2% | 18.3% |
| Net Margin | -1.0% | 10.6% |
| Revenue YoY | 4.7% | 2.4% |
| Net Profit YoY | 45.8% | -44.5% |
| EPS (diluted) | $-0.07 | $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 | $256.1M | — | ||
| Q4 25 | $223.6M | $245.3M | ||
| Q3 25 | $239.3M | $260.5M | ||
| Q2 25 | $240.3M | $255.5M | ||
| Q1 25 | $244.5M | $222.3M | ||
| Q4 24 | $233.3M | $239.6M | ||
| Q3 24 | $211.1M | $238.3M | ||
| Q2 24 | $203.2M | $219.7M |
| Q1 26 | $-2.5M | — | ||
| Q4 25 | $-16.0M | $26.1M | ||
| Q3 25 | $-22.9M | $47.2M | ||
| Q2 25 | $-9.4M | $44.1M | ||
| Q1 25 | $-4.6M | $42.2M | ||
| Q4 24 | $-3.9M | $47.0M | ||
| Q3 24 | $-2.8M | $49.5M | ||
| Q2 24 | $-5.1M | $35.0M |
| Q1 26 | 12.6% | — | ||
| Q4 25 | 9.4% | 40.0% | ||
| Q3 25 | 4.6% | 42.7% | ||
| Q2 25 | 11.3% | 44.7% | ||
| Q1 25 | 11.7% | 43.9% | ||
| Q4 24 | 11.6% | 44.5% | ||
| Q3 24 | 13.2% | 45.8% | ||
| Q2 24 | 12.6% | 40.8% |
| Q1 26 | 88.2% | — | ||
| Q4 25 | -6.2% | 18.3% | ||
| Q3 25 | -8.1% | 25.1% | ||
| Q2 25 | -2.0% | 24.0% | ||
| Q1 25 | -0.5% | 26.7% | ||
| Q4 24 | -0.5% | 28.0% | ||
| Q3 24 | -0.2% | 28.4% | ||
| Q2 24 | -1.1% | 23.3% |
| Q1 26 | -1.0% | — | ||
| Q4 25 | -7.1% | 10.6% | ||
| Q3 25 | -9.6% | 18.1% | ||
| Q2 25 | -3.9% | 17.3% | ||
| Q1 25 | -1.9% | 19.0% | ||
| Q4 24 | -1.7% | 19.6% | ||
| Q3 24 | -1.3% | 20.8% | ||
| Q2 24 | -2.5% | 15.9% |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.46 | $0.57 | ||
| Q3 25 | $-0.67 | $1.01 | ||
| Q2 25 | $-0.28 | $0.94 | ||
| Q1 25 | $-0.13 | $0.90 | ||
| Q4 24 | $-0.11 | $1.00 | ||
| Q3 24 | $-0.08 | $1.05 | ||
| Q2 24 | $-0.15 | $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 | $89.1M | $104.1M |
| Total DebtLower is stronger | $6.3M | $174.4M |
| Stockholders' EquityBook value | $668.0M | $713.1M |
| Total Assets | $972.5M | $1.3B |
| Debt / EquityLower = less leverage | 0.01× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $89.1M | — | ||
| Q4 25 | $98.3M | $104.1M | ||
| Q3 25 | $92.5M | $127.1M | ||
| Q2 25 | $92.2M | $140.9M | ||
| Q1 25 | $109.3M | $160.2M | ||
| Q4 24 | $108.7M | $137.5M | ||
| Q3 24 | $116.4M | $124.8M | ||
| Q2 24 | $114.3M | $129.5M |
| Q1 26 | $6.3M | — | ||
| Q4 25 | $123.5M | $174.4M | ||
| Q3 25 | $123.5M | $114.7M | ||
| Q2 25 | $125.0M | $110.6M | ||
| Q1 25 | $126.8M | $110.6M | ||
| Q4 24 | $128.5M | $111.1M | ||
| Q3 24 | $130.3M | $126.8M | ||
| Q2 24 | $130.2M | $144.7M |
| Q1 26 | $668.0M | — | ||
| Q4 25 | $663.9M | $713.1M | ||
| Q3 25 | $676.2M | $764.0M | ||
| Q2 25 | $694.1M | $736.0M | ||
| Q1 25 | $700.4M | $685.1M | ||
| Q4 24 | $698.3M | $631.2M | ||
| Q3 24 | $697.3M | $613.3M | ||
| Q2 24 | $694.9M | $574.8M |
| Q1 26 | $972.5M | — | ||
| Q4 25 | $942.9M | $1.3B | ||
| Q3 25 | $966.6M | $1.2B | ||
| Q2 25 | $985.1M | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $995.6M | $1.0B | ||
| Q3 24 | $975.9M | $996.3M | ||
| Q2 24 | $947.7M | $942.5M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.19× | 0.24× | ||
| Q3 25 | 0.18× | 0.15× | ||
| Q2 25 | 0.18× | 0.15× | ||
| Q1 25 | 0.18× | 0.16× | ||
| Q4 24 | 0.18× | 0.18× | ||
| Q3 24 | 0.19× | 0.21× | ||
| Q2 24 | 0.19× | 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 | $-10.0M | $11.4M |
| FCF MarginFCF / Revenue | -3.9% | 4.7% |
| Capex IntensityCapex / Revenue | 2.8% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.8M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $31.0M | ||
| Q3 25 | $9.2M | $40.0M | ||
| Q2 25 | $-7.5M | $17.9M | ||
| Q1 25 | $19.0M | $46.9M | ||
| Q4 24 | $-2.5M | $61.1M | ||
| Q3 24 | $8.1M | $41.5M | ||
| Q2 24 | $17.5M | $34.5M |
| Q1 26 | $-10.0M | — | ||
| Q4 25 | $5.9M | $11.4M | ||
| Q3 25 | $2.1M | $21.2M | ||
| Q2 25 | $-14.8M | $-14.7M | ||
| Q1 25 | $496.0K | $16.5M | ||
| Q4 24 | $-6.9M | $35.4M | ||
| Q3 24 | $2.2M | $17.8M | ||
| Q2 24 | $14.6M | $14.2M |
| Q1 26 | -3.9% | — | ||
| Q4 25 | 2.6% | 4.7% | ||
| Q3 25 | 0.9% | 8.2% | ||
| Q2 25 | -6.2% | -5.7% | ||
| Q1 25 | 0.2% | 7.4% | ||
| Q4 24 | -3.0% | 14.8% | ||
| Q3 24 | 1.0% | 7.5% | ||
| Q2 24 | 7.2% | 6.5% |
| Q1 26 | 2.8% | — | ||
| Q4 25 | 1.5% | 8.0% | ||
| Q3 25 | 3.0% | 7.2% | ||
| Q2 25 | 3.0% | 12.7% | ||
| Q1 25 | 7.6% | 13.7% | ||
| Q4 24 | 1.9% | 10.7% | ||
| Q3 24 | 2.8% | 9.9% | ||
| Q2 24 | 1.4% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
