vs
Side-by-side financial comparison of Mistras Group, Inc. (MG) 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 $181.5M, roughly 1.4× Mistras Group, Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 2.1%, a 8.6% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 2.4%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -0.8%).
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
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.
MG vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $245.3M |
| Net Profit | $3.8M | $26.1M |
| Gross Margin | 28.4% | 40.0% |
| Operating Margin | 7.0% | 18.3% |
| Net Margin | 2.1% | 10.6% |
| Revenue YoY | 5.1% | 2.4% |
| Net Profit YoY | -27.4% | -44.5% |
| EPS (diluted) | $0.12 | $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 | $181.5M | $245.3M | ||
| Q3 25 | $195.5M | $260.5M | ||
| Q2 25 | $185.4M | $255.5M | ||
| Q1 25 | $161.6M | $222.3M | ||
| Q4 24 | $172.7M | $239.6M | ||
| Q3 24 | $182.7M | $238.3M | ||
| Q2 24 | $189.8M | $219.7M | ||
| Q1 24 | $184.4M | $192.6M |
| Q4 25 | $3.8M | $26.1M | ||
| Q3 25 | $13.1M | $47.2M | ||
| Q2 25 | $3.0M | $44.1M | ||
| Q1 25 | $-3.2M | $42.2M | ||
| Q4 24 | $5.2M | $47.0M | ||
| Q3 24 | $6.4M | $49.5M | ||
| Q2 24 | $6.4M | $35.0M | ||
| Q1 24 | $995.0K | $29.7M |
| Q4 25 | 28.4% | 40.0% | ||
| Q3 25 | 29.8% | 42.7% | ||
| Q2 25 | 29.1% | 44.7% | ||
| Q1 25 | 25.3% | 43.9% | ||
| Q4 24 | 26.5% | 44.5% | ||
| Q3 24 | 26.8% | 45.8% | ||
| Q2 24 | 27.1% | 40.8% | ||
| Q1 24 | 25.0% | 38.8% |
| Q4 25 | 7.0% | 18.3% | ||
| Q3 25 | 10.4% | 25.1% | ||
| Q2 25 | 4.5% | 24.0% | ||
| Q1 25 | -0.6% | 26.7% | ||
| Q4 24 | 6.1% | 28.0% | ||
| Q3 24 | 6.5% | 28.4% | ||
| Q2 24 | 6.3% | 23.3% | ||
| Q1 24 | 3.0% | 21.3% |
| Q4 25 | 2.1% | 10.6% | ||
| Q3 25 | 6.7% | 18.1% | ||
| Q2 25 | 1.6% | 17.3% | ||
| Q1 25 | -2.0% | 19.0% | ||
| Q4 24 | 3.0% | 19.6% | ||
| Q3 24 | 3.5% | 20.8% | ||
| Q2 24 | 3.4% | 15.9% | ||
| Q1 24 | 0.5% | 15.4% |
| Q4 25 | $0.12 | $0.57 | ||
| Q3 25 | $0.41 | $1.01 | ||
| Q2 25 | $0.10 | $0.94 | ||
| Q1 25 | $-0.10 | $0.90 | ||
| Q4 24 | $0.17 | $1.00 | ||
| Q3 24 | $0.20 | $1.05 | ||
| Q2 24 | $0.20 | $0.75 | ||
| Q1 24 | $0.03 | $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 | $28.0M | $104.1M |
| Total DebtLower is stronger | $178.0M | $174.4M |
| Stockholders' EquityBook value | $235.1M | $713.1M |
| Total Assets | $578.8M | $1.3B |
| Debt / EquityLower = less leverage | 0.76× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $104.1M | ||
| Q3 25 | $27.8M | $127.1M | ||
| Q2 25 | $20.0M | $140.9M | ||
| Q1 25 | $18.5M | $160.2M | ||
| Q4 24 | $18.3M | $137.5M | ||
| Q3 24 | $20.4M | $124.8M | ||
| Q2 24 | $17.2M | $129.5M | ||
| Q1 24 | $16.9M | $138.8M |
| Q4 25 | $178.0M | $174.4M | ||
| Q3 25 | $202.3M | $114.7M | ||
| Q2 25 | $189.4M | $110.6M | ||
| Q1 25 | $171.9M | $110.6M | ||
| Q4 24 | $169.6M | $111.1M | ||
| Q3 24 | $189.7M | $126.8M | ||
| Q2 24 | $199.7M | $144.7M | ||
| Q1 24 | $198.4M | $160.9M |
| Q4 25 | $235.1M | $713.1M | ||
| Q3 25 | $227.4M | $764.0M | ||
| Q2 25 | $215.8M | $736.0M | ||
| Q1 25 | $198.7M | $685.1M | ||
| Q4 24 | $198.6M | $631.2M | ||
| Q3 24 | $205.2M | $613.3M | ||
| Q2 24 | $193.2M | $574.8M | ||
| Q1 24 | $187.1M | $573.6M |
| Q4 25 | $578.8M | $1.3B | ||
| Q3 25 | $596.3M | $1.2B | ||
| Q2 25 | $571.0M | $1.2B | ||
| Q1 25 | $526.8M | $1.1B | ||
| Q4 24 | $523.0M | $1.0B | ||
| Q3 24 | $551.7M | $996.3M | ||
| Q2 24 | $548.1M | $942.5M | ||
| Q1 24 | $542.1M | $981.6M |
| Q4 25 | 0.76× | 0.24× | ||
| Q3 25 | 0.89× | 0.15× | ||
| Q2 25 | 0.88× | 0.15× | ||
| Q1 25 | 0.87× | 0.16× | ||
| Q4 24 | 0.85× | 0.18× | ||
| Q3 24 | 0.92× | 0.21× | ||
| Q2 24 | 1.03× | 0.25× | ||
| Q1 24 | 1.06× | 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 | $32.1M | $31.0M |
| Free Cash FlowOCF − Capex | $26.0M | $11.4M |
| FCF MarginFCF / Revenue | 14.3% | 4.7% |
| Capex IntensityCapex / Revenue | 3.4% | 8.0% |
| Cash ConversionOCF / Net Profit | 8.55× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $31.0M | ||
| Q3 25 | $4.5M | $40.0M | ||
| Q2 25 | $-9.3M | $17.9M | ||
| Q1 25 | $5.6M | $46.9M | ||
| Q4 24 | $25.7M | $61.1M | ||
| Q3 24 | $19.4M | $41.5M | ||
| Q2 24 | $4.5M | $34.5M | ||
| Q1 24 | $604.0K | $33.4M |
| Q4 25 | $26.0M | $11.4M | ||
| Q3 25 | $-4.1M | $21.2M | ||
| Q2 25 | $-14.7M | $-14.7M | ||
| Q1 25 | $1.1M | $16.5M | ||
| Q4 24 | $22.1M | $35.4M | ||
| Q3 24 | $14.6M | $17.8M | ||
| Q2 24 | $-284.0K | $14.2M | ||
| Q1 24 | $-4.2M | $23.6M |
| Q4 25 | 14.3% | 4.7% | ||
| Q3 25 | -2.1% | 8.2% | ||
| Q2 25 | -7.9% | -5.7% | ||
| Q1 25 | 0.7% | 7.4% | ||
| Q4 24 | 12.8% | 14.8% | ||
| Q3 24 | 8.0% | 7.5% | ||
| Q2 24 | -0.1% | 6.5% | ||
| Q1 24 | -2.3% | 12.2% |
| Q4 25 | 3.4% | 8.0% | ||
| Q3 25 | 4.4% | 7.2% | ||
| Q2 25 | 2.9% | 12.7% | ||
| Q1 25 | 2.8% | 13.7% | ||
| Q4 24 | 2.1% | 10.7% | ||
| Q3 24 | 2.6% | 9.9% | ||
| Q2 24 | 2.5% | 9.2% | ||
| Q1 24 | 2.6% | 5.1% |
| Q4 25 | 8.55× | 1.19× | ||
| Q3 25 | 0.34× | 0.85× | ||
| Q2 25 | -3.07× | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 4.96× | 1.30× | ||
| Q3 24 | 3.02× | 0.84× | ||
| Q2 24 | 0.71× | 0.98× | ||
| Q1 24 | 0.61× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
