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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $245.3M, roughly 1.1× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 6.3%, a 4.4% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -1.2%).

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

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.

KRC vs TGLS — Head-to-Head

Bigger by revenue
KRC
KRC
1.1× larger
KRC
$272.2M
$245.3M
TGLS
Growing faster (revenue YoY)
TGLS
TGLS
+7.3% gap
TGLS
2.4%
-5.0%
KRC
Higher net margin
TGLS
TGLS
4.4% more per $
TGLS
10.6%
6.3%
KRC
More free cash flow
KRC
KRC
$438.8M more FCF
KRC
$450.3M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-1.2%
KRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRC
KRC
TGLS
TGLS
Revenue
$272.2M
$245.3M
Net Profit
$17.1M
$26.1M
Gross Margin
40.0%
Operating Margin
18.3%
Net Margin
6.3%
10.6%
Revenue YoY
-5.0%
2.4%
Net Profit YoY
-73.7%
-44.5%
EPS (diluted)
$0.11
$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
KRC
KRC
TGLS
TGLS
Q4 25
$272.2M
$245.3M
Q3 25
$279.7M
$260.5M
Q2 25
$289.9M
$255.5M
Q1 25
$270.8M
$222.3M
Q4 24
$286.4M
$239.6M
Q3 24
$289.9M
$238.3M
Q2 24
$280.7M
$219.7M
Q1 24
$278.6M
$192.6M
Net Profit
KRC
KRC
TGLS
TGLS
Q4 25
$17.1M
$26.1M
Q3 25
$162.3M
$47.2M
Q2 25
$79.6M
$44.1M
Q1 25
$43.7M
$42.2M
Q4 24
$65.0M
$47.0M
Q3 24
$57.7M
$49.5M
Q2 24
$54.5M
$35.0M
Q1 24
$55.7M
$29.7M
Gross Margin
KRC
KRC
TGLS
TGLS
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%
Operating Margin
KRC
KRC
TGLS
TGLS
Q4 25
18.3%
Q3 25
25.1%
Q2 25
24.0%
Q1 25
26.7%
Q4 24
28.0%
Q3 24
28.4%
Q2 24
23.3%
Q1 24
21.3%
Net Margin
KRC
KRC
TGLS
TGLS
Q4 25
6.3%
10.6%
Q3 25
58.0%
18.1%
Q2 25
27.4%
17.3%
Q1 25
16.1%
19.0%
Q4 24
22.7%
19.6%
Q3 24
19.9%
20.8%
Q2 24
19.4%
15.9%
Q1 24
20.0%
15.4%
EPS (diluted)
KRC
KRC
TGLS
TGLS
Q4 25
$0.11
$0.57
Q3 25
$1.31
$1.01
Q2 25
$0.57
$0.94
Q1 25
$0.33
$0.90
Q4 24
$0.50
$1.00
Q3 24
$0.44
$1.05
Q2 24
$0.41
$0.75
Q1 24
$0.42
$0.63

Balance Sheet & Financial Strength

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

Metric
KRC
KRC
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$179.3M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$5.4B
$713.1M
Total Assets
$10.9B
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
TGLS
TGLS
Q4 25
$179.3M
$104.1M
Q3 25
$372.4M
$127.1M
Q2 25
$193.1M
$140.9M
Q1 25
$146.7M
$160.2M
Q4 24
$165.7M
$137.5M
Q3 24
$625.4M
$124.8M
Q2 24
$835.9M
$129.5M
Q1 24
$855.0M
$138.8M
Total Debt
KRC
KRC
TGLS
TGLS
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
Stockholders' Equity
KRC
KRC
TGLS
TGLS
Q4 25
$5.4B
$713.1M
Q3 25
$5.5B
$764.0M
Q2 25
$5.4B
$736.0M
Q1 25
$5.4B
$685.1M
Q4 24
$5.4B
$631.2M
Q3 24
$5.4B
$613.3M
Q2 24
$5.4B
$574.8M
Q1 24
$5.4B
$573.6M
Total Assets
KRC
KRC
TGLS
TGLS
Q4 25
$10.9B
$1.3B
Q3 25
$11.0B
$1.2B
Q2 25
$10.9B
$1.2B
Q1 25
$10.9B
$1.1B
Q4 24
$10.9B
$1.0B
Q3 24
$11.4B
$996.3M
Q2 24
$11.5B
$942.5M
Q1 24
$11.6B
$981.6M
Debt / Equity
KRC
KRC
TGLS
TGLS
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
KRC
KRC
TGLS
TGLS
Operating Cash FlowLast quarter
$566.3M
$31.0M
Free Cash FlowOCF − Capex
$450.3M
$11.4M
FCF MarginFCF / Revenue
165.4%
4.7%
Capex IntensityCapex / Revenue
42.6%
8.0%
Cash ConversionOCF / Net Profit
33.10×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$833.0M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
TGLS
TGLS
Q4 25
$566.3M
$31.0M
Q3 25
$176.6M
$40.0M
Q2 25
$143.7M
$17.9M
Q1 25
$136.9M
$46.9M
Q4 24
$541.1M
$61.1M
Q3 24
$176.3M
$41.5M
Q2 24
$88.7M
$34.5M
Q1 24
$167.9M
$33.4M
Free Cash Flow
KRC
KRC
TGLS
TGLS
Q4 25
$450.3M
$11.4M
Q3 25
$148.7M
$21.2M
Q2 25
$118.4M
$-14.7M
Q1 25
$115.6M
$16.5M
Q4 24
$440.8M
$35.4M
Q3 24
$147.2M
$17.8M
Q2 24
$69.5M
$14.2M
Q1 24
$151.9M
$23.6M
FCF Margin
KRC
KRC
TGLS
TGLS
Q4 25
165.4%
4.7%
Q3 25
53.1%
8.2%
Q2 25
40.9%
-5.7%
Q1 25
42.7%
7.4%
Q4 24
153.9%
14.8%
Q3 24
50.8%
7.5%
Q2 24
24.7%
6.5%
Q1 24
54.5%
12.2%
Capex Intensity
KRC
KRC
TGLS
TGLS
Q4 25
42.6%
8.0%
Q3 25
10.0%
7.2%
Q2 25
8.7%
12.7%
Q1 25
7.9%
13.7%
Q4 24
35.0%
10.7%
Q3 24
10.1%
9.9%
Q2 24
6.8%
9.2%
Q1 24
5.7%
5.1%
Cash Conversion
KRC
KRC
TGLS
TGLS
Q4 25
33.10×
1.19×
Q3 25
1.09×
0.85×
Q2 25
1.81×
0.41×
Q1 25
3.13×
1.11×
Q4 24
8.32×
1.30×
Q3 24
3.06×
0.84×
Q2 24
1.63×
0.98×
Q1 24
3.01×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRC
KRC

Segment breakdown not available.

TGLS
TGLS

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

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