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Side-by-side financial comparison of POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) 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 $191.2M, roughly 1.3× POWER SOLUTIONS INTERNATIONAL, INC.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 8.4%, a 2.2% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 12.8%).
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
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.
PSIX vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $245.3M |
| Net Profit | $16.1M | $26.1M |
| Gross Margin | 21.9% | 40.0% |
| Operating Margin | 12.7% | 18.3% |
| Net Margin | 8.4% | 10.6% |
| Revenue YoY | 32.5% | 2.4% |
| Net Profit YoY | -31.0% | -44.5% |
| EPS (diluted) | $0.69 | $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.
| Q4 25 | $191.2M | $245.3M | ||
| Q3 25 | $203.8M | $260.5M | ||
| Q2 25 | $191.9M | $255.5M | ||
| Q1 25 | $135.4M | $222.3M | ||
| Q4 24 | $144.3M | $239.6M | ||
| Q3 24 | $125.8M | $238.3M | ||
| Q2 24 | $110.6M | $219.7M | ||
| Q1 24 | $95.2M | $192.6M |
| Q4 25 | $16.1M | $26.1M | ||
| Q3 25 | $27.6M | $47.2M | ||
| Q2 25 | $51.2M | $44.1M | ||
| Q1 25 | $19.1M | $42.2M | ||
| Q4 24 | $23.3M | $47.0M | ||
| Q3 24 | $17.3M | $49.5M | ||
| Q2 24 | $21.5M | $35.0M | ||
| Q1 24 | $7.1M | $29.7M |
| Q4 25 | 21.9% | 40.0% | ||
| Q3 25 | 23.9% | 42.7% | ||
| Q2 25 | 28.2% | 44.7% | ||
| Q1 25 | 29.7% | 43.9% | ||
| Q4 24 | 29.9% | 44.5% | ||
| Q3 24 | 28.9% | 45.8% | ||
| Q2 24 | 31.8% | 40.8% | ||
| Q1 24 | 27.0% | 38.8% |
| Q4 25 | 12.7% | 18.3% | ||
| Q3 25 | 13.9% | 25.1% | ||
| Q2 25 | 16.9% | 24.0% | ||
| Q1 25 | 18.2% | 26.7% | ||
| Q4 24 | 17.5% | 28.0% | ||
| Q3 24 | 16.3% | 28.4% | ||
| Q2 24 | 22.9% | 23.3% | ||
| Q1 24 | 11.2% | 21.3% |
| Q4 25 | 8.4% | 10.6% | ||
| Q3 25 | 13.5% | 18.1% | ||
| Q2 25 | 26.7% | 17.3% | ||
| Q1 25 | 14.1% | 19.0% | ||
| Q4 24 | 16.1% | 19.6% | ||
| Q3 24 | 13.8% | 20.8% | ||
| Q2 24 | 19.5% | 15.9% | ||
| Q1 24 | 7.5% | 15.4% |
| Q4 25 | $0.69 | $0.57 | ||
| Q3 25 | $1.20 | $1.01 | ||
| Q2 25 | $2.22 | $0.94 | ||
| Q1 25 | $0.83 | $0.90 | ||
| Q4 24 | $1.01 | $1.00 | ||
| Q3 24 | $0.75 | $1.05 | ||
| Q2 24 | $0.94 | $0.75 | ||
| Q1 24 | $0.31 | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $104.1M |
| Total DebtLower is stronger | $96.6M | $174.4M |
| Stockholders' EquityBook value | $178.6M | $713.1M |
| Total Assets | $424.7M | $1.3B |
| Debt / EquityLower = less leverage | 0.54× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $104.1M | ||
| Q3 25 | $49.0M | $127.1M | ||
| Q2 25 | $49.5M | $140.9M | ||
| Q1 25 | $50.0M | $160.2M | ||
| Q4 24 | $55.3M | $137.5M | ||
| Q3 24 | $40.5M | $124.8M | ||
| Q2 24 | $28.8M | $129.5M | ||
| Q1 24 | $33.1M | $138.8M |
| Q4 25 | $96.6M | $174.4M | ||
| Q3 25 | $96.7M | $114.7M | ||
| Q2 25 | $1.8M | $110.6M | ||
| Q1 25 | $1.0M | $110.6M | ||
| Q4 24 | $184.0K | $111.1M | ||
| Q3 24 | $238.0K | $126.8M | ||
| Q2 24 | $292.0K | $144.7M | ||
| Q1 24 | $345.0K | $160.9M |
| Q4 25 | $178.6M | $713.1M | ||
| Q3 25 | $162.5M | $764.0M | ||
| Q2 25 | $135.7M | $736.0M | ||
| Q1 25 | $84.3M | $685.1M | ||
| Q4 24 | $65.3M | $631.2M | ||
| Q3 24 | $42.1M | $613.3M | ||
| Q2 24 | $24.8M | $574.8M | ||
| Q1 24 | $3.2M | $573.6M |
| Q4 25 | $424.7M | $1.3B | ||
| Q3 25 | $458.9M | $1.2B | ||
| Q2 25 | $437.7M | $1.2B | ||
| Q1 25 | $372.7M | $1.1B | ||
| Q4 24 | $328.2M | $1.0B | ||
| Q3 24 | $339.1M | $996.3M | ||
| Q2 24 | $307.6M | $942.5M | ||
| Q1 24 | $286.8M | $981.6M |
| Q4 25 | 0.54× | 0.24× | ||
| Q3 25 | 0.60× | 0.15× | ||
| Q2 25 | 0.01× | 0.15× | ||
| Q1 25 | 0.01× | 0.16× | ||
| Q4 24 | 0.00× | 0.18× | ||
| Q3 24 | 0.01× | 0.21× | ||
| Q2 24 | 0.01× | 0.25× | ||
| Q1 24 | 0.11× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.6M | $31.0M |
| Free Cash FlowOCF − Capex | $-7.6M | $11.4M |
| FCF MarginFCF / Revenue | -4.0% | 4.7% |
| Capex IntensityCapex / Revenue | 1.6% | 8.0% |
| Cash ConversionOCF / Net Profit | -0.29× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.6M | $31.0M | ||
| Q3 25 | $3.3M | $40.0M | ||
| Q2 25 | $16.7M | $17.9M | ||
| Q1 25 | $8.8M | $46.9M | ||
| Q4 24 | $32.7M | $61.1M | ||
| Q3 24 | $12.6M | $41.5M | ||
| Q2 24 | $1.5M | $34.5M | ||
| Q1 24 | $15.6M | $33.4M |
| Q4 25 | $-7.6M | $11.4M | ||
| Q3 25 | $1.7M | $21.2M | ||
| Q2 25 | $14.6M | $-14.7M | ||
| Q1 25 | $5.4M | $16.5M | ||
| Q4 24 | $30.0M | $35.4M | ||
| Q3 24 | $12.1M | $17.8M | ||
| Q2 24 | $822.0K | $14.2M | ||
| Q1 24 | $14.8M | $23.6M |
| Q4 25 | -4.0% | 4.7% | ||
| Q3 25 | 0.8% | 8.2% | ||
| Q2 25 | 7.6% | -5.7% | ||
| Q1 25 | 4.0% | 7.4% | ||
| Q4 24 | 20.8% | 14.8% | ||
| Q3 24 | 9.7% | 7.5% | ||
| Q2 24 | 0.7% | 6.5% | ||
| Q1 24 | 15.6% | 12.2% |
| Q4 25 | 1.6% | 8.0% | ||
| Q3 25 | 0.8% | 7.2% | ||
| Q2 25 | 1.1% | 12.7% | ||
| Q1 25 | 2.5% | 13.7% | ||
| Q4 24 | 1.8% | 10.7% | ||
| Q3 24 | 0.3% | 9.9% | ||
| Q2 24 | 0.6% | 9.2% | ||
| Q1 24 | 0.9% | 5.1% |
| Q4 25 | -0.29× | 1.19× | ||
| Q3 25 | 0.12× | 0.85× | ||
| Q2 25 | 0.33× | 0.41× | ||
| Q1 25 | 0.46× | 1.11× | ||
| Q4 24 | 1.40× | 1.30× | ||
| Q3 24 | 0.73× | 0.84× | ||
| Q2 24 | 0.07× | 0.98× | ||
| Q1 24 | 2.20× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
