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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $245.3M, roughly 1.2× Tecnoglass Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 10.6%, a 45.0% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -3.0%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -1.4%).
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
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.
MTG vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $297.1M | $245.3M |
| Net Profit | $165.3M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | — | 18.3% |
| Net Margin | 55.6% | 10.6% |
| Revenue YoY | -3.0% | 2.4% |
| Net Profit YoY | -10.9% | -44.5% |
| EPS (diluted) | $0.76 | $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 | $297.1M | — | ||
| Q4 25 | $298.7M | $245.3M | ||
| Q3 25 | $304.5M | $260.5M | ||
| Q2 25 | $304.2M | $255.5M | ||
| Q1 25 | $306.2M | $222.3M | ||
| Q4 24 | $301.4M | $239.6M | ||
| Q3 24 | $306.6M | $238.3M | ||
| Q2 24 | $305.3M | $219.7M |
| Q1 26 | $165.3M | — | ||
| Q4 25 | $169.3M | $26.1M | ||
| Q3 25 | $191.1M | $47.2M | ||
| Q2 25 | $192.5M | $44.1M | ||
| Q1 25 | $185.5M | $42.2M | ||
| Q4 24 | $184.7M | $47.0M | ||
| Q3 24 | $200.0M | $49.5M | ||
| Q2 24 | $204.2M | $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 | 71.2% | 18.3% | ||
| Q3 25 | 77.2% | 25.1% | ||
| Q2 25 | 80.9% | 24.0% | ||
| Q1 25 | 76.6% | 26.7% | ||
| Q4 24 | 77.9% | 28.0% | ||
| Q3 24 | 82.9% | 28.4% | ||
| Q2 24 | 85.1% | 23.3% |
| Q1 26 | 55.6% | — | ||
| Q4 25 | 56.7% | 10.6% | ||
| Q3 25 | 62.8% | 18.1% | ||
| Q2 25 | 63.3% | 17.3% | ||
| Q1 25 | 60.6% | 19.0% | ||
| Q4 24 | 61.3% | 19.6% | ||
| Q3 24 | 65.2% | 20.8% | ||
| Q2 24 | 66.9% | 15.9% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.75 | $0.57 | ||
| Q3 25 | $0.83 | $1.01 | ||
| Q2 25 | $0.81 | $0.94 | ||
| Q1 25 | $0.75 | $0.90 | ||
| Q4 24 | $0.71 | $1.00 | ||
| Q3 24 | $0.77 | $1.05 | ||
| Q2 24 | $0.77 | $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 | $235.1M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $5.0B | $713.1M |
| Total Assets | $6.4B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $235.1M | — | ||
| Q4 25 | $369.0M | $104.1M | ||
| Q3 25 | $266.9M | $127.1M | ||
| Q2 25 | $294.9M | $140.9M | ||
| Q1 25 | $207.0M | $160.2M | ||
| Q4 24 | $229.5M | $137.5M | ||
| Q3 24 | $288.6M | $124.8M | ||
| Q2 24 | $281.8M | $129.5M |
| Q1 26 | — | — | ||
| 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 | $5.0B | — | ||
| Q4 25 | $5.1B | $713.1M | ||
| Q3 25 | $5.2B | $764.0M | ||
| Q2 25 | $5.2B | $736.0M | ||
| Q1 25 | $5.1B | $685.1M | ||
| Q4 24 | $5.2B | $631.2M | ||
| Q3 24 | $5.3B | $613.3M | ||
| Q2 24 | $5.1B | $574.8M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.6B | $1.3B | ||
| Q3 25 | $6.6B | $1.2B | ||
| Q2 25 | $6.5B | $1.2B | ||
| Q1 25 | $6.5B | $1.1B | ||
| Q4 24 | $6.5B | $1.0B | ||
| Q3 24 | $6.7B | $996.3M | ||
| Q2 24 | $6.5B | $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 | — | $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 | $230.8M | $31.0M | ||
| Q3 25 | $215.4M | $40.0M | ||
| Q2 25 | $183.0M | $17.9M | ||
| Q1 25 | $223.7M | $46.9M | ||
| Q4 24 | $182.4M | $61.1M | ||
| Q3 24 | $182.9M | $41.5M | ||
| Q2 24 | $169.2M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $230.2M | $11.4M | ||
| Q3 25 | $215.1M | $21.2M | ||
| Q2 25 | $183.0M | $-14.7M | ||
| Q1 25 | $223.5M | $16.5M | ||
| Q4 24 | $181.9M | $35.4M | ||
| Q3 24 | $182.5M | $17.8M | ||
| Q2 24 | $169.0M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | 77.1% | 4.7% | ||
| Q3 25 | 70.6% | 8.2% | ||
| Q2 25 | 60.1% | -5.7% | ||
| Q1 25 | 73.0% | 7.4% | ||
| Q4 24 | 60.3% | 14.8% | ||
| Q3 24 | 59.5% | 7.5% | ||
| Q2 24 | 55.3% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 8.0% | ||
| Q3 25 | 0.1% | 7.2% | ||
| Q2 25 | 0.0% | 12.7% | ||
| Q1 25 | 0.0% | 13.7% | ||
| Q4 24 | 0.2% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.1% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.19× | ||
| Q3 25 | 1.13× | 0.85× | ||
| Q2 25 | 0.95× | 0.41× | ||
| Q1 25 | 1.21× | 1.11× | ||
| Q4 24 | 0.99× | 1.30× | ||
| Q3 24 | 0.91× | 0.84× | ||
| Q2 24 | 0.83× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTG
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
