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Side-by-side financial comparison of NNN REIT, INC. (NNN) 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 $240.4M, roughly 1.0× NNN REIT, INC.). NNN REIT, INC. runs the higher net margin — 39.1% vs 10.6%, a 28.4% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (4.1% vs 2.4%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 5.3%).
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
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.
NNN vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.4M | $245.3M |
| Net Profit | $94.0M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 61.0% | 18.3% |
| Net Margin | 39.1% | 10.6% |
| Revenue YoY | 4.1% | 2.4% |
| Net Profit YoY | -2.6% | -44.5% |
| EPS (diluted) | $0.50 | $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 | $240.4M | — | ||
| Q4 25 | $238.4M | $245.3M | ||
| Q3 25 | $230.2M | $260.5M | ||
| Q2 25 | $226.8M | $255.5M | ||
| Q1 25 | $230.9M | $222.3M | ||
| Q4 24 | $218.5M | $239.6M | ||
| Q3 24 | $218.6M | $238.3M | ||
| Q2 24 | $216.8M | $219.7M |
| Q1 26 | $94.0M | — | ||
| Q4 25 | $96.0M | $26.1M | ||
| Q3 25 | $96.8M | $47.2M | ||
| Q2 25 | $100.5M | $44.1M | ||
| Q1 25 | $96.5M | $42.2M | ||
| Q4 24 | $97.9M | $47.0M | ||
| Q3 24 | $97.9M | $49.5M | ||
| Q2 24 | $106.7M | $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 | 61.0% | — | ||
| Q4 25 | 62.3% | 18.3% | ||
| Q3 25 | 64.0% | 25.1% | ||
| Q2 25 | 66.0% | 24.0% | ||
| Q1 25 | 62.3% | 26.7% | ||
| Q4 24 | 65.8% | 28.0% | ||
| Q3 24 | 65.7% | 28.4% | ||
| Q2 24 | 70.2% | 23.3% |
| Q1 26 | 39.1% | — | ||
| Q4 25 | 40.2% | 10.6% | ||
| Q3 25 | 42.1% | 18.1% | ||
| Q2 25 | 44.3% | 17.3% | ||
| Q1 25 | 41.8% | 19.0% | ||
| Q4 24 | 44.8% | 19.6% | ||
| Q3 24 | 44.8% | 20.8% | ||
| Q2 24 | 49.2% | 15.9% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.51 | $0.57 | ||
| Q3 25 | $0.51 | $1.01 | ||
| Q2 25 | $0.54 | $0.94 | ||
| Q1 25 | $0.51 | $0.90 | ||
| Q4 24 | $0.52 | $1.00 | ||
| Q3 24 | $0.53 | $1.05 | ||
| Q2 24 | $0.58 | $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 | $4.6M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $4.4B | $713.1M |
| Total Assets | $9.4B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6M | — | ||
| Q4 25 | $5.0M | $104.1M | ||
| Q3 25 | $157.9M | $127.1M | ||
| Q2 25 | $6.0M | $140.9M | ||
| Q1 25 | $5.1M | $160.2M | ||
| Q4 24 | $8.7M | $137.5M | ||
| Q3 24 | $173.5M | $124.8M | ||
| Q2 24 | $2.1M | $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 | $4.4B | — | ||
| Q4 25 | $4.4B | $713.1M | ||
| Q3 25 | $4.4B | $764.0M | ||
| Q2 25 | $4.4B | $736.0M | ||
| Q1 25 | $4.4B | $685.1M | ||
| Q4 24 | $4.4B | $631.2M | ||
| Q3 24 | $4.4B | $613.3M | ||
| Q2 24 | $4.2B | $574.8M |
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.4B | $1.3B | ||
| Q3 25 | $9.5B | $1.2B | ||
| Q2 25 | $9.1B | $1.2B | ||
| Q1 25 | $9.0B | $1.1B | ||
| Q4 24 | $8.9B | $1.0B | ||
| Q3 24 | $8.9B | $996.3M | ||
| Q2 24 | $8.7B | $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 | $667.1M | $31.0M | ||
| Q3 25 | $218.3M | $40.0M | ||
| Q2 25 | $119.4M | $17.9M | ||
| Q1 25 | $203.3M | $46.9M | ||
| Q4 24 | $635.5M | $61.1M | ||
| Q3 24 | $206.6M | $41.5M | ||
| Q2 24 | $120.5M | $34.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 6.95× | 1.19× | ||
| Q3 25 | 2.25× | 0.85× | ||
| Q2 25 | 1.19× | 0.41× | ||
| Q1 25 | 2.11× | 1.11× | ||
| Q4 24 | 6.49× | 1.30× | ||
| Q3 24 | 2.11× | 0.84× | ||
| Q2 24 | 1.13× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NNN
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
