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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $245.3M, roughly 1.8× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 7.6%, a 3.0% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 10.7%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
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.
PEGA vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $245.3M |
| Net Profit | $32.8M | $26.1M |
| Gross Margin | 75.2% | 40.0% |
| Operating Margin | 8.6% | 18.3% |
| Net Margin | 7.6% | 10.6% |
| Revenue YoY | -9.6% | 2.4% |
| Net Profit YoY | -61.6% | -44.5% |
| EPS (diluted) | $0.18 | $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 | $430.0M | — | ||
| Q4 25 | $504.3M | $245.3M | ||
| Q3 25 | $381.4M | $260.5M | ||
| Q2 25 | $384.5M | $255.5M | ||
| Q1 25 | $475.6M | $222.3M | ||
| Q4 24 | $490.8M | $239.6M | ||
| Q3 24 | $325.1M | $238.3M | ||
| Q2 24 | $351.2M | $219.7M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $26.1M | ||
| Q3 25 | $43.4M | $47.2M | ||
| Q2 25 | $30.1M | $44.1M | ||
| Q1 25 | $85.4M | $42.2M | ||
| Q4 24 | $119.1M | $47.0M | ||
| Q3 24 | $-14.4M | $49.5M | ||
| Q2 24 | $6.6M | $35.0M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 40.0% | ||
| Q3 25 | 72.2% | 42.7% | ||
| Q2 25 | 71.5% | 44.7% | ||
| Q1 25 | 78.5% | 43.9% | ||
| Q4 24 | 79.1% | 44.5% | ||
| Q3 24 | 70.2% | 45.8% | ||
| Q2 24 | 72.4% | 40.8% |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 18.3% | ||
| Q3 25 | 3.8% | 25.1% | ||
| Q2 25 | 4.5% | 24.0% | ||
| Q1 25 | 26.7% | 26.7% | ||
| Q4 24 | 29.1% | 28.0% | ||
| Q3 24 | -3.6% | 28.4% | ||
| Q2 24 | 3.7% | 23.3% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 10.6% | ||
| Q3 25 | 11.4% | 18.1% | ||
| Q2 25 | 7.8% | 17.3% | ||
| Q1 25 | 18.0% | 19.0% | ||
| Q4 24 | 24.3% | 19.6% | ||
| Q3 24 | -4.4% | 20.8% | ||
| Q2 24 | 1.9% | 15.9% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $0.57 | ||
| Q3 25 | $0.24 | $1.01 | ||
| Q2 25 | $0.17 | $0.94 | ||
| Q1 25 | $0.91 | $0.90 | ||
| Q4 24 | $1.35 | $1.00 | ||
| Q3 24 | $-0.17 | $1.05 | ||
| Q2 24 | $0.07 | $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 | $270.0M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $705.9M | $713.1M |
| Total Assets | $1.6B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $104.1M | ||
| Q3 25 | $351.4M | $127.1M | ||
| Q2 25 | $411.6M | $140.9M | ||
| Q1 25 | $371.7M | $160.2M | ||
| Q4 24 | $740.0M | $137.5M | ||
| Q3 24 | $703.0M | $124.8M | ||
| Q2 24 | $665.1M | $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 | $705.9M | — | ||
| Q4 25 | $787.4M | $713.1M | ||
| Q3 25 | $596.8M | $764.0M | ||
| Q2 25 | $624.5M | $736.0M | ||
| Q1 25 | $611.3M | $685.1M | ||
| Q4 24 | $585.5M | $631.2M | ||
| Q3 24 | $473.0M | $613.3M | ||
| Q2 24 | $435.4M | $574.8M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.6B | $996.3M | ||
| Q2 24 | $1.5B | $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 | $206.5M | $11.4M |
| FCF MarginFCF / Revenue | 48.0% | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $31.0M | ||
| Q3 25 | $56.3M | $40.0M | ||
| Q2 25 | $86.3M | $17.9M | ||
| Q1 25 | $204.2M | $46.9M | ||
| Q4 24 | $95.2M | $61.1M | ||
| Q3 24 | $30.5M | $41.5M | ||
| Q2 24 | $40.1M | $34.5M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $11.4M | ||
| Q3 25 | $51.8M | $21.2M | ||
| Q2 25 | $84.1M | $-14.7M | ||
| Q1 25 | $202.3M | $16.5M | ||
| Q4 24 | $92.4M | $35.4M | ||
| Q3 24 | $27.4M | $17.8M | ||
| Q2 24 | $38.8M | $14.2M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 4.7% | ||
| Q3 25 | 13.6% | 8.2% | ||
| Q2 25 | 21.9% | -5.7% | ||
| Q1 25 | 42.5% | 7.4% | ||
| Q4 24 | 18.8% | 14.8% | ||
| Q3 24 | 8.4% | 7.5% | ||
| Q2 24 | 11.1% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 8.0% | ||
| Q3 25 | 1.2% | 7.2% | ||
| Q2 25 | 0.6% | 12.7% | ||
| Q1 25 | 0.4% | 13.7% | ||
| Q4 24 | 0.6% | 10.7% | ||
| Q3 24 | 0.9% | 9.9% | ||
| Q2 24 | 0.4% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.19× | ||
| Q3 25 | 1.30× | 0.85× | ||
| Q2 25 | 2.87× | 0.41× | ||
| Q1 25 | 2.39× | 1.11× | ||
| Q4 24 | 0.80× | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | 6.06× | 0.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
