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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) 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 $171.9M, roughly 1.4× MILLER INDUSTRIES INC). On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -29.9%).

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

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.

MLR vs TGLS — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.4× larger
TGLS
$245.3M
$171.9M
MLR
Growing faster (revenue YoY)
TGLS
TGLS
+24.9% gap
TGLS
2.4%
-22.5%
MLR
More free cash flow
MLR
MLR
$32.3M more FCF
MLR
$43.8M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
TGLS
TGLS
Revenue
$171.9M
$245.3M
Net Profit
$26.1M
Gross Margin
15.4%
40.0%
Operating Margin
2.9%
18.3%
Net Margin
10.6%
Revenue YoY
-22.5%
2.4%
Net Profit YoY
-44.5%
EPS (diluted)
$0.29
$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
MLR
MLR
TGLS
TGLS
Q4 25
$171.9M
$245.3M
Q3 25
$178.7M
$260.5M
Q2 25
$214.0M
$255.5M
Q1 25
$225.7M
$222.3M
Q4 24
$221.9M
$239.6M
Q3 24
$314.3M
$238.3M
Q2 24
$371.5M
$219.7M
Q1 24
$349.9M
$192.6M
Net Profit
MLR
MLR
TGLS
TGLS
Q4 25
$26.1M
Q3 25
$3.1M
$47.2M
Q2 25
$8.5M
$44.1M
Q1 25
$8.1M
$42.2M
Q4 24
$47.0M
Q3 24
$15.4M
$49.5M
Q2 24
$20.5M
$35.0M
Q1 24
$17.0M
$29.7M
Gross Margin
MLR
MLR
TGLS
TGLS
Q4 25
15.4%
40.0%
Q3 25
14.2%
42.7%
Q2 25
16.2%
44.7%
Q1 25
15.0%
43.9%
Q4 24
15.1%
44.5%
Q3 24
13.4%
45.8%
Q2 24
13.8%
40.8%
Q1 24
12.6%
38.8%
Operating Margin
MLR
MLR
TGLS
TGLS
Q4 25
2.9%
18.3%
Q3 25
2.4%
25.1%
Q2 25
5.3%
24.0%
Q1 25
4.8%
26.7%
Q4 24
5.7%
28.0%
Q3 24
6.3%
28.4%
Q2 24
7.1%
23.3%
Q1 24
6.1%
21.3%
Net Margin
MLR
MLR
TGLS
TGLS
Q4 25
10.6%
Q3 25
1.7%
18.1%
Q2 25
4.0%
17.3%
Q1 25
3.6%
19.0%
Q4 24
19.6%
Q3 24
4.9%
20.8%
Q2 24
5.5%
15.9%
Q1 24
4.9%
15.4%
EPS (diluted)
MLR
MLR
TGLS
TGLS
Q4 25
$0.29
$0.57
Q3 25
$0.27
$1.01
Q2 25
$0.73
$0.94
Q1 25
$0.69
$0.90
Q4 24
$0.89
$1.00
Q3 24
$1.33
$1.05
Q2 24
$1.78
$0.75
Q1 24
$1.47
$0.63

Balance Sheet & Financial Strength

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

Metric
MLR
MLR
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$420.6M
$713.1M
Total Assets
$589.7M
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
TGLS
TGLS
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 24
$138.8M
Total Debt
MLR
MLR
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
MLR
MLR
TGLS
TGLS
Q4 25
$420.6M
$713.1M
Q3 25
$420.7M
$764.0M
Q2 25
$418.6M
$736.0M
Q1 25
$406.5M
$685.1M
Q4 24
$401.0M
$631.2M
Q3 24
$395.2M
$613.3M
Q2 24
$379.9M
$574.8M
Q1 24
$362.4M
$573.6M
Total Assets
MLR
MLR
TGLS
TGLS
Q4 25
$589.7M
$1.3B
Q3 25
$604.3M
$1.2B
Q2 25
$622.9M
$1.2B
Q1 25
$639.7M
$1.1B
Q4 24
$667.0M
$1.0B
Q3 24
$755.3M
$996.3M
Q2 24
$748.2M
$942.5M
Q1 24
$696.5M
$981.6M
Debt / Equity
MLR
MLR
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
MLR
MLR
TGLS
TGLS
Operating Cash FlowLast quarter
$48.9M
$31.0M
Free Cash FlowOCF − Capex
$43.8M
$11.4M
FCF MarginFCF / Revenue
25.5%
4.7%
Capex IntensityCapex / Revenue
3.0%
8.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$85.0M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
TGLS
TGLS
Q4 25
$48.9M
$31.0M
Q3 25
$19.9M
$40.0M
Q2 25
$27.2M
$17.9M
Q1 25
$2.7M
$46.9M
Q4 24
$-11.7M
$61.1M
Q3 24
$30.3M
$41.5M
Q2 24
$-10.7M
$34.5M
Q1 24
$9.0M
$33.4M
Free Cash Flow
MLR
MLR
TGLS
TGLS
Q4 25
$43.8M
$11.4M
Q3 25
$18.1M
$21.2M
Q2 25
$25.6M
$-14.7M
Q1 25
$-2.4M
$16.5M
Q4 24
$-13.0M
$35.4M
Q3 24
$24.0M
$17.8M
Q2 24
$-13.8M
$14.2M
Q1 24
$4.3M
$23.6M
FCF Margin
MLR
MLR
TGLS
TGLS
Q4 25
25.5%
4.7%
Q3 25
10.1%
8.2%
Q2 25
11.9%
-5.7%
Q1 25
-1.1%
7.4%
Q4 24
-5.9%
14.8%
Q3 24
7.6%
7.5%
Q2 24
-3.7%
6.5%
Q1 24
1.2%
12.2%
Capex Intensity
MLR
MLR
TGLS
TGLS
Q4 25
3.0%
8.0%
Q3 25
1.0%
7.2%
Q2 25
0.8%
12.7%
Q1 25
2.3%
13.7%
Q4 24
0.6%
10.7%
Q3 24
2.0%
9.9%
Q2 24
0.8%
9.2%
Q1 24
1.3%
5.1%
Cash Conversion
MLR
MLR
TGLS
TGLS
Q4 25
1.19×
Q3 25
6.46×
0.85×
Q2 25
3.22×
0.41×
Q1 25
0.34×
1.11×
Q4 24
1.30×
Q3 24
1.96×
0.84×
Q2 24
-0.52×
0.98×
Q1 24
0.53×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MLR
MLR

Segment breakdown not available.

TGLS
TGLS

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

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