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Side-by-side financial comparison of Leslie's, Inc. (LESL) 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 $147.1M, roughly 1.7× Leslie's, Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -56.4%, a 67.0% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -16.0%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-85.5M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -11.7%).
Leslie's, Inc., operating as Leslie's Swimming Pool Supplies, is the largest retailer of swimming pool supplies and related products. The company is headquartered in Phoenix, Arizona, and has a particularly strong retail presence in Arizona, California, Florida, Georgia and Texas.
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.
LESL vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $147.1M | $245.3M |
| Net Profit | $-83.0M | $26.1M |
| Gross Margin | 18.4% | 40.0% |
| Operating Margin | -46.7% | 18.3% |
| Net Margin | -56.4% | 10.6% |
| Revenue YoY | -16.0% | 2.4% |
| Net Profit YoY | -86.2% | -44.5% |
| EPS (diluted) | $-8.92 | $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 | $147.1M | — | ||
| Q4 25 | $389.2M | $245.3M | ||
| Q3 25 | — | $260.5M | ||
| Q2 25 | $500.3M | $255.5M | ||
| Q1 25 | $177.1M | $222.3M | ||
| Q4 24 | $175.2M | $239.6M | ||
| Q3 24 | $397.9M | $238.3M | ||
| Q2 24 | $569.6M | $219.7M |
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $26.1M | ||
| Q3 25 | — | $47.2M | ||
| Q2 25 | $21.7M | $44.1M | ||
| Q1 25 | $-51.3M | $42.2M | ||
| Q4 24 | $-44.6M | $47.0M | ||
| Q3 24 | $-9.9M | $49.5M | ||
| Q2 24 | $60.6M | $35.0M |
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | 39.6% | 44.7% | ||
| Q1 25 | 24.8% | 43.9% | ||
| Q4 24 | 27.2% | 44.5% | ||
| Q3 24 | 36.0% | 45.8% | ||
| Q2 24 | 40.2% | 40.8% |
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 18.3% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | 13.7% | 24.0% | ||
| Q1 25 | -27.3% | 26.7% | ||
| Q4 24 | -22.7% | 28.0% | ||
| Q3 24 | 6.6% | 28.4% | ||
| Q2 24 | 17.2% | 23.3% |
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 10.6% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 4.3% | 17.3% | ||
| Q1 25 | -29.0% | 19.0% | ||
| Q4 24 | -25.4% | 19.6% | ||
| Q3 24 | -2.5% | 20.8% | ||
| Q2 24 | 10.6% | 15.9% |
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $0.57 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | $0.12 | $0.94 | ||
| Q1 25 | $-0.28 | $0.90 | ||
| Q4 24 | $-4.82 | $1.00 | ||
| Q3 24 | $-2.46 | $1.05 | ||
| Q2 24 | $0.33 | $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 | $3.6M | $104.1M |
| Total DebtLower is stronger | $781.6M | $174.4M |
| Stockholders' EquityBook value | $-489.9M | $713.1M |
| Total Assets | $649.4M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | $42.7M | $140.9M | ||
| Q1 25 | $17.3M | $160.2M | ||
| Q4 24 | $11.6M | $137.5M | ||
| Q3 24 | $108.5M | $124.8M | ||
| Q2 24 | $74.4M | $129.5M |
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | $776.6M | $110.6M | ||
| Q1 25 | $858.1M | $110.6M | ||
| Q4 24 | $796.6M | $111.1M | ||
| Q3 24 | $783.7M | $126.8M | ||
| Q2 24 | $783.7M | $144.7M |
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $713.1M | ||
| Q3 25 | — | $764.0M | ||
| Q2 25 | $-246.2M | $736.0M | ||
| Q1 25 | $-269.5M | $685.1M | ||
| Q4 24 | $-220.0M | $631.2M | ||
| Q3 24 | $-177.1M | $613.3M | ||
| Q2 24 | $-168.2M | $574.8M |
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $989.5M | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $967.0M | $1.0B | ||
| Q3 24 | $1.1B | $996.3M | ||
| Q2 24 | $1.1B | $942.5M |
| Q1 26 | — | — | ||
| 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× |
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 | $-81.1M | $31.0M |
| Free Cash FlowOCF − Capex | $-85.5M | $11.4M |
| FCF MarginFCF / Revenue | -58.1% | 4.7% |
| Capex IntensityCapex / Revenue | 2.9% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $7.6M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $31.0M | ||
| Q3 25 | — | $40.0M | ||
| Q2 25 | $114.9M | $17.9M | ||
| Q1 25 | $-49.2M | $46.9M | ||
| Q4 24 | $-105.1M | $61.1M | ||
| Q3 24 | $47.1M | $41.5M | ||
| Q2 24 | $175.5M | $34.5M |
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | $107.1M | $-14.7M | ||
| Q1 25 | $-55.8M | $16.5M | ||
| Q4 24 | $-109.8M | $35.4M | ||
| Q3 24 | $34.1M | $17.8M | ||
| Q2 24 | $165.2M | $14.2M |
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | 21.4% | -5.7% | ||
| Q1 25 | -31.5% | 7.4% | ||
| Q4 24 | -62.6% | 14.8% | ||
| Q3 24 | 8.6% | 7.5% | ||
| Q2 24 | 29.0% | 6.5% |
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | 1.6% | 12.7% | ||
| Q1 25 | 3.7% | 13.7% | ||
| Q4 24 | 2.7% | 10.7% | ||
| Q3 24 | 3.2% | 9.9% | ||
| Q2 24 | 1.8% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | 5.29× | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | 2.89× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LESL
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
