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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $127.6M, roughly 1.9× JBG SMITH Properties). Tecnoglass Inc. runs the higher net margin — 10.6% vs -35.7%, a 46.3% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -2.5%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
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.
JBGS vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $245.3M |
| Net Profit | $-45.5M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | -47.5% | 18.3% |
| Net Margin | -35.7% | 10.6% |
| Revenue YoY | -2.5% | 2.4% |
| Net Profit YoY | 24.0% | -44.5% |
| EPS (diluted) | $-0.76 | $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 | $127.6M | $245.3M | ||
| Q3 25 | $123.9M | $260.5M | ||
| Q2 25 | $126.5M | $255.5M | ||
| Q1 25 | $120.7M | $222.3M | ||
| Q4 24 | $130.8M | $239.6M | ||
| Q3 24 | $136.0M | $238.3M | ||
| Q2 24 | $135.3M | $219.7M | ||
| Q1 24 | $145.2M | $192.6M |
| Q4 25 | $-45.5M | $26.1M | ||
| Q3 25 | $-28.6M | $47.2M | ||
| Q2 25 | $-19.2M | $44.1M | ||
| Q1 25 | $-45.7M | $42.2M | ||
| Q4 24 | $-59.9M | $47.0M | ||
| Q3 24 | $-27.0M | $49.5M | ||
| Q2 24 | $-24.4M | $35.0M | ||
| Q1 24 | $-32.3M | $29.7M |
| 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 24 | — | 38.8% |
| Q4 25 | -47.5% | 18.3% | ||
| Q3 25 | -27.5% | 25.1% | ||
| Q2 25 | -18.4% | 24.0% | ||
| Q1 25 | -44.7% | 26.7% | ||
| Q4 24 | -53.6% | 28.0% | ||
| Q3 24 | -22.4% | 28.4% | ||
| Q2 24 | -24.3% | 23.3% | ||
| Q1 24 | -30.1% | 21.3% |
| Q4 25 | -35.7% | 10.6% | ||
| Q3 25 | -23.1% | 18.1% | ||
| Q2 25 | -15.2% | 17.3% | ||
| Q1 25 | -37.9% | 19.0% | ||
| Q4 24 | -45.8% | 19.6% | ||
| Q3 24 | -19.8% | 20.8% | ||
| Q2 24 | -18.0% | 15.9% | ||
| Q1 24 | -22.2% | 15.4% |
| Q4 25 | $-0.76 | $0.57 | ||
| Q3 25 | $-0.48 | $1.01 | ||
| Q2 25 | $-0.29 | $0.94 | ||
| Q1 25 | $-0.56 | $0.90 | ||
| Q4 24 | $-0.70 | $1.00 | ||
| Q3 24 | $-0.32 | $1.05 | ||
| Q2 24 | $-0.27 | $0.75 | ||
| Q1 24 | $-0.36 | $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 | $75.3M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $1.2B | $713.1M |
| Total Assets | $4.4B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $104.1M | ||
| Q3 25 | $64.4M | $127.1M | ||
| Q2 25 | $61.4M | $140.9M | ||
| Q1 25 | $81.3M | $160.2M | ||
| Q4 24 | $145.8M | $137.5M | ||
| Q3 24 | $137.0M | $124.8M | ||
| Q2 24 | $163.5M | $129.5M | ||
| Q1 24 | $220.5M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $1.2B | $713.1M | ||
| Q3 25 | $1.2B | $764.0M | ||
| Q2 25 | $1.3B | $736.0M | ||
| Q1 25 | $1.6B | $685.1M | ||
| Q4 24 | $1.8B | $631.2M | ||
| Q3 24 | $1.9B | $613.3M | ||
| Q2 24 | $2.0B | $574.8M | ||
| Q1 24 | $2.1B | $573.6M |
| Q4 25 | $4.4B | $1.3B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $5.0B | $1.0B | ||
| Q3 24 | $5.2B | $996.3M | ||
| Q2 24 | $5.3B | $942.5M | ||
| Q1 24 | $5.4B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 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 | $73.3M | $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.
| Q4 25 | $73.3M | $31.0M | ||
| Q3 25 | $8.9M | $40.0M | ||
| Q2 25 | $18.8M | $17.9M | ||
| Q1 25 | $12.9M | $46.9M | ||
| Q4 24 | $129.4M | $61.1M | ||
| Q3 24 | $26.4M | $41.5M | ||
| Q2 24 | $23.8M | $34.5M | ||
| Q1 24 | $37.0M | $33.4M |
| 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 24 | — | $23.6M |
| 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 24 | — | 12.2% |
| 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 24 | — | 5.1% |
| 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× | ||
| Q1 24 | — | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
