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Side-by-side financial comparison of IDEX Corporation (IEX) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $245.3M, roughly 1.6× Tecnoglass Inc.). IDEX Corporation runs the higher net margin — 30.1% vs 10.6%, a 19.5% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 2.4%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -29.4%).
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
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.
IEX vs TGLS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $245.3M |
| Net Profit | $120.0M | $26.1M |
| Gross Margin | 99.9% | 40.0% |
| Operating Margin | 43.3% | 18.3% |
| Net Margin | 30.1% | 10.6% |
| Revenue YoY | 16.7% | 2.4% |
| Net Profit YoY | 25.7% | -44.5% |
| EPS (diluted) | $1.61 | $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.
| Q2 26 | $398.4M | — | ||
| Q1 26 | $407.7M | — | ||
| Q4 25 | $899.1M | $245.3M | ||
| Q3 25 | $878.7M | $260.5M | ||
| Q2 25 | $865.4M | $255.5M | ||
| Q1 25 | $814.3M | $222.3M | ||
| Q4 24 | $862.9M | $239.6M | ||
| Q3 24 | $798.2M | $238.3M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $26.1M | ||
| Q3 25 | $127.8M | $47.2M | ||
| Q2 25 | $131.6M | $44.1M | ||
| Q1 25 | $95.5M | $42.2M | ||
| Q4 24 | $123.2M | $47.0M | ||
| Q3 24 | $119.1M | $49.5M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 40.0% | ||
| Q3 25 | 44.5% | 42.7% | ||
| Q2 25 | 45.3% | 44.7% | ||
| Q1 25 | 45.3% | 43.9% | ||
| Q4 24 | 42.5% | 44.5% | ||
| Q3 24 | 44.3% | 45.8% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 18.3% | ||
| Q3 25 | 21.1% | 25.1% | ||
| Q2 25 | 21.7% | 24.0% | ||
| Q1 25 | 17.4% | 26.7% | ||
| Q4 24 | 19.2% | 28.0% | ||
| Q3 24 | 21.0% | 28.4% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 10.6% | ||
| Q3 25 | 14.5% | 18.1% | ||
| Q2 25 | 15.2% | 17.3% | ||
| Q1 25 | 11.7% | 19.0% | ||
| Q4 24 | 14.3% | 19.6% | ||
| Q3 24 | 14.9% | 20.8% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $0.57 | ||
| Q3 25 | $1.70 | $1.01 | ||
| Q2 25 | $1.74 | $0.94 | ||
| Q1 25 | $1.26 | $0.90 | ||
| Q4 24 | $1.61 | $1.00 | ||
| Q3 24 | $1.57 | $1.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $586.2M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $4.0B | $713.1M |
| Total Assets | $6.9B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $104.1M | ||
| Q3 25 | $593.8M | $127.1M | ||
| Q2 25 | $568.2M | $140.9M | ||
| Q1 25 | $594.1M | $160.2M | ||
| Q4 24 | $620.8M | $137.5M | ||
| Q3 24 | $633.2M | $124.8M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $174.4M | ||
| Q3 25 | $1.9B | $114.7M | ||
| Q2 25 | $1.9B | $110.6M | ||
| Q1 25 | $2.0B | $110.6M | ||
| Q4 24 | $2.0B | $111.1M | ||
| Q3 24 | $2.1B | $126.8M |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $713.1M | ||
| Q3 25 | $4.0B | $764.0M | ||
| Q2 25 | $4.0B | $736.0M | ||
| Q1 25 | $3.9B | $685.1M | ||
| Q4 24 | $3.8B | $631.2M | ||
| Q3 24 | $3.8B | $613.3M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $1.3B | ||
| Q3 25 | $7.0B | $1.2B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $6.8B | $1.1B | ||
| Q4 24 | $6.7B | $1.0B | ||
| Q3 24 | $7.0B | $996.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.24× | ||
| Q3 25 | 0.48× | 0.15× | ||
| Q2 25 | 0.46× | 0.15× | ||
| Q1 25 | 0.50× | 0.16× | ||
| Q4 24 | 0.52× | 0.18× | ||
| Q3 24 | 0.55× | 0.21× |
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 | $86.0M | $11.4M |
| FCF MarginFCF / Revenue | 21.6% | 4.7% |
| Capex IntensityCapex / Revenue | 4.4% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $31.0M | ||
| Q3 25 | $203.5M | $40.0M | ||
| Q2 25 | $161.7M | $17.9M | ||
| Q1 25 | $105.7M | $46.9M | ||
| Q4 24 | $172.6M | $61.1M | ||
| Q3 24 | $205.3M | $41.5M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $11.4M | ||
| Q3 25 | $188.7M | $21.2M | ||
| Q2 25 | $146.9M | $-14.7M | ||
| Q1 25 | $91.4M | $16.5M | ||
| Q4 24 | $157.1M | $35.4M | ||
| Q3 24 | $191.6M | $17.8M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 4.7% | ||
| Q3 25 | 21.5% | 8.2% | ||
| Q2 25 | 17.0% | -5.7% | ||
| Q1 25 | 11.2% | 7.4% | ||
| Q4 24 | 18.2% | 14.8% | ||
| Q3 24 | 24.0% | 7.5% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 8.0% | ||
| Q3 25 | 1.7% | 7.2% | ||
| Q2 25 | 1.7% | 12.7% | ||
| Q1 25 | 1.8% | 13.7% | ||
| Q4 24 | 1.8% | 10.7% | ||
| Q3 24 | 1.7% | 9.9% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.19× | ||
| Q3 25 | 1.59× | 0.85× | ||
| Q2 25 | 1.23× | 0.41× | ||
| Q1 25 | 1.11× | 1.11× | ||
| Q4 24 | 1.40× | 1.30× | ||
| Q3 24 | 1.72× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
