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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $245.3M, roughly 1.3× Tecnoglass Inc.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 10.6%, a 10.7% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs TGLS — Head-to-Head

Bigger by revenue
NMM
NMM
1.3× larger
NMM
$327.6M
$245.3M
TGLS
Growing faster (revenue YoY)
TGLS
TGLS
+6.7% gap
TGLS
2.4%
-4.3%
NMM
Higher net margin
NMM
NMM
10.7% more per $
NMM
21.4%
10.6%
TGLS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
TGLS
TGLS
Revenue
$327.6M
$245.3M
Net Profit
$69.9M
$26.1M
Gross Margin
90.5%
40.0%
Operating Margin
18.3%
Net Margin
21.4%
10.6%
Revenue YoY
-4.3%
2.4%
Net Profit YoY
-31.1%
-44.5%
EPS (diluted)
$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
NMM
NMM
TGLS
TGLS
Q4 25
$245.3M
Q3 25
$260.5M
Q2 25
$327.6M
$255.5M
Q1 25
$222.3M
Q4 24
$239.6M
Q3 24
$238.3M
Q2 24
$342.2M
$219.7M
Q1 24
$192.6M
Net Profit
NMM
NMM
TGLS
TGLS
Q4 25
$26.1M
Q3 25
$47.2M
Q2 25
$69.9M
$44.1M
Q1 25
$42.2M
Q4 24
$47.0M
Q3 24
$49.5M
Q2 24
$101.5M
$35.0M
Q1 24
$29.7M
Gross Margin
NMM
NMM
TGLS
TGLS
Q4 25
40.0%
Q3 25
42.7%
Q2 25
90.5%
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
88.3%
40.8%
Q1 24
38.8%
Operating Margin
NMM
NMM
TGLS
TGLS
Q4 25
18.3%
Q3 25
25.1%
Q2 25
24.0%
Q1 25
26.7%
Q4 24
28.0%
Q3 24
28.4%
Q2 24
23.3%
Q1 24
21.3%
Net Margin
NMM
NMM
TGLS
TGLS
Q4 25
10.6%
Q3 25
18.1%
Q2 25
21.4%
17.3%
Q1 25
19.0%
Q4 24
19.6%
Q3 24
20.8%
Q2 24
29.7%
15.9%
Q1 24
15.4%
EPS (diluted)
NMM
NMM
TGLS
TGLS
Q4 25
$0.57
Q3 25
$1.01
Q2 25
$0.94
Q1 25
$0.90
Q4 24
$1.00
Q3 24
$1.05
Q2 24
$0.75
Q1 24
$0.63

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$377.0M
$104.1M
Total DebtLower is stronger
$2.0B
$174.4M
Stockholders' EquityBook value
$713.1M
Total Assets
$5.9B
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
TGLS
TGLS
Q4 25
$104.1M
Q3 25
$127.1M
Q2 25
$377.0M
$140.9M
Q1 25
$160.2M
Q4 24
$137.5M
Q3 24
$124.8M
Q2 24
$272.0M
$129.5M
Q1 24
$138.8M
Total Debt
NMM
NMM
TGLS
TGLS
Q4 25
$174.4M
Q3 25
$114.7M
Q2 25
$2.0B
$110.6M
Q1 25
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$1.4B
$144.7M
Q1 24
$160.9M
Stockholders' Equity
NMM
NMM
TGLS
TGLS
Q4 25
$713.1M
Q3 25
$764.0M
Q2 25
$736.0M
Q1 25
$685.1M
Q4 24
$631.2M
Q3 24
$613.3M
Q2 24
$574.8M
Q1 24
$573.6M
Total Assets
NMM
NMM
TGLS
TGLS
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$5.9B
$1.2B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$996.3M
Q2 24
$5.3B
$942.5M
Q1 24
$981.6M
Debt / Equity
NMM
NMM
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
NMM
NMM
TGLS
TGLS
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.

Operating Cash Flow
NMM
NMM
TGLS
TGLS
Q4 25
$31.0M
Q3 25
$40.0M
Q2 25
$17.9M
Q1 25
$46.9M
Q4 24
$61.1M
Q3 24
$41.5M
Q2 24
$34.5M
Q1 24
$33.4M
Free Cash Flow
NMM
NMM
TGLS
TGLS
Q4 25
$11.4M
Q3 25
$21.2M
Q2 25
$-14.7M
Q1 25
$16.5M
Q4 24
$35.4M
Q3 24
$17.8M
Q2 24
$14.2M
Q1 24
$23.6M
FCF Margin
NMM
NMM
TGLS
TGLS
Q4 25
4.7%
Q3 25
8.2%
Q2 25
-5.7%
Q1 25
7.4%
Q4 24
14.8%
Q3 24
7.5%
Q2 24
6.5%
Q1 24
12.2%
Capex Intensity
NMM
NMM
TGLS
TGLS
Q4 25
8.0%
Q3 25
7.2%
Q2 25
12.7%
Q1 25
13.7%
Q4 24
10.7%
Q3 24
9.9%
Q2 24
9.2%
Q1 24
5.1%
Cash Conversion
NMM
NMM
TGLS
TGLS
Q4 25
1.19×
Q3 25
0.85×
Q2 25
0.41×
Q1 25
1.11×
Q4 24
1.30×
Q3 24
0.84×
Q2 24
0.98×
Q1 24
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

TGLS
TGLS

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

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