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Side-by-side financial comparison of Merchants Bancorp (MBIN) 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 $175.2M, roughly 1.4× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs 10.6%, a 28.0% gap on every dollar of revenue. Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 4.8%).
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
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.
MBIN vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $245.3M |
| Net Profit | $67.7M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | — | 18.3% |
| Net Margin | 38.6% | 10.6% |
| Revenue YoY | — | 2.4% |
| Net Profit YoY | 16.3% | -44.5% |
| EPS (diluted) | $1.25 | $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 | $175.2M | — | ||
| Q4 25 | $185.3M | $245.3M | ||
| Q3 25 | $171.1M | $260.5M | ||
| Q2 25 | $179.2M | $255.5M | ||
| Q1 25 | $145.9M | $222.3M | ||
| Q4 24 | $193.8M | $239.6M | ||
| Q3 24 | $149.6M | $238.3M | ||
| Q2 24 | $159.5M | $219.7M |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $26.1M | ||
| Q3 25 | $54.7M | $47.2M | ||
| Q2 25 | $38.0M | $44.1M | ||
| Q1 25 | $58.2M | $42.2M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $61.3M | $49.5M | ||
| Q2 24 | $76.4M | $35.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 39.9% | 18.3% | ||
| Q3 25 | 37.8% | 25.1% | ||
| Q2 25 | 27.3% | 24.0% | ||
| Q1 25 | 52.4% | 26.7% | ||
| Q4 24 | 66.0% | 28.0% | ||
| Q3 24 | 54.4% | 28.4% | ||
| Q2 24 | 62.2% | 23.3% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | 32.0% | 18.1% | ||
| Q2 25 | 21.2% | 17.3% | ||
| Q1 25 | 39.9% | 19.0% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | 41.0% | 20.8% | ||
| Q2 24 | 47.9% | 15.9% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | $0.57 | ||
| Q3 25 | $0.97 | $1.01 | ||
| Q2 25 | $0.60 | $0.94 | ||
| Q1 25 | $0.93 | $0.90 | ||
| Q4 24 | $1.84 | $1.00 | ||
| Q3 24 | $1.17 | $1.05 | ||
| Q2 24 | $1.49 | $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 | $83.2M | $104.1M |
| Total DebtLower is stronger | $32.0M | $174.4M |
| Stockholders' EquityBook value | $2.3B | $713.1M |
| Total Assets | $20.3B | $1.3B |
| Debt / EquityLower = less leverage | 0.01× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M |
| Q1 26 | $32.0M | — | ||
| 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 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $713.1M | ||
| Q3 25 | $2.2B | $764.0M | ||
| Q2 25 | $2.2B | $736.0M | ||
| Q1 25 | $2.2B | $685.1M | ||
| Q4 24 | $2.2B | $631.2M | ||
| Q3 24 | $1.9B | $613.3M | ||
| Q2 24 | $1.9B | $574.8M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | $1.3B | ||
| Q3 25 | $19.4B | $1.2B | ||
| Q2 25 | $19.1B | $1.2B | ||
| Q1 25 | $18.8B | $1.1B | ||
| Q4 24 | $18.8B | $1.0B | ||
| Q3 24 | $18.7B | $996.3M | ||
| Q2 24 | $18.2B | $942.5M |
| Q1 26 | 0.01× | — | ||
| 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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | $31.0M | ||
| Q3 25 | $29.8M | $40.0M | ||
| Q2 25 | $-121.2M | $17.9M | ||
| Q1 25 | $148.0M | $46.9M | ||
| Q4 24 | $-835.3M | $61.1M | ||
| Q3 24 | $-492.6M | $41.5M | ||
| Q2 24 | $51.1M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | $11.4M | ||
| Q3 25 | $24.0M | $21.2M | ||
| Q2 25 | $-125.7M | $-14.7M | ||
| Q1 25 | $141.2M | $16.5M | ||
| Q4 24 | $-853.7M | $35.4M | ||
| Q3 24 | $-497.2M | $17.8M | ||
| Q2 24 | $45.8M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | 4.7% | ||
| Q3 25 | 14.0% | 8.2% | ||
| Q2 25 | -70.1% | -5.7% | ||
| Q1 25 | 96.8% | 7.4% | ||
| Q4 24 | -440.6% | 14.8% | ||
| Q3 24 | -332.4% | 7.5% | ||
| Q2 24 | 28.7% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 8.0% | ||
| Q3 25 | 3.4% | 7.2% | ||
| Q2 25 | 2.5% | 12.7% | ||
| Q1 25 | 4.7% | 13.7% | ||
| Q4 24 | 9.5% | 10.7% | ||
| Q3 24 | 3.0% | 9.9% | ||
| Q2 24 | 3.3% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.54× | 0.85× | ||
| Q2 25 | -3.19× | 0.41× | ||
| Q1 25 | 2.54× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | -8.04× | 0.84× | ||
| Q2 24 | 0.67× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
