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Side-by-side financial comparison of RLI CORP (RLI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $245.3M, roughly 1.9× Tecnoglass Inc.). RLI CORP runs the higher net margin — 19.6% vs 10.6%, a 8.9% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs 2.4%). RLI CORP produced more free cash flow last quarter ($155.0M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 2.3%).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
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.
RLI vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $245.3M |
| Net Profit | $91.2M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 24.4% | 18.3% |
| Net Margin | 19.6% | 10.6% |
| Revenue YoY | 6.1% | 2.4% |
| Net Profit YoY | 123.1% | -44.5% |
| EPS (diluted) | $1.00 | $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 | $465.7M | $245.3M | ||
| Q3 25 | $509.3M | $260.5M | ||
| Q2 25 | $499.8M | $255.5M | ||
| Q1 25 | $407.7M | $222.3M | ||
| Q4 24 | $439.1M | $239.6M | ||
| Q3 24 | $470.0M | $238.3M | ||
| Q2 24 | $416.4M | $219.7M | ||
| Q1 24 | $444.8M | $192.6M |
| Q4 25 | $91.2M | $26.1M | ||
| Q3 25 | $124.6M | $47.2M | ||
| Q2 25 | $124.3M | $44.1M | ||
| Q1 25 | $63.2M | $42.2M | ||
| Q4 24 | $40.9M | $47.0M | ||
| Q3 24 | $95.0M | $49.5M | ||
| Q2 24 | $82.0M | $35.0M | ||
| Q1 24 | $127.9M | $29.7M |
| 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 24 | — | 38.8% |
| Q4 25 | 24.4% | 18.3% | ||
| Q3 25 | 30.9% | 25.1% | ||
| Q2 25 | 31.3% | 24.0% | ||
| Q1 25 | 19.3% | 26.7% | ||
| Q4 24 | 10.8% | 28.0% | ||
| Q3 24 | 24.9% | 28.4% | ||
| Q2 24 | 24.8% | 23.3% | ||
| Q1 24 | 36.0% | 21.3% |
| Q4 25 | 19.6% | 10.6% | ||
| Q3 25 | 24.5% | 18.1% | ||
| Q2 25 | 24.9% | 17.3% | ||
| Q1 25 | 15.5% | 19.0% | ||
| Q4 24 | 9.3% | 19.6% | ||
| Q3 24 | 20.2% | 20.8% | ||
| Q2 24 | 19.7% | 15.9% | ||
| Q1 24 | 28.8% | 15.4% |
| Q4 25 | $1.00 | $0.57 | ||
| Q3 25 | $1.35 | $1.01 | ||
| Q2 25 | $1.34 | $0.94 | ||
| Q1 25 | $0.68 | $0.90 | ||
| Q4 24 | $-2.87 | $1.00 | ||
| Q3 24 | $2.06 | $1.05 | ||
| Q2 24 | $1.78 | $0.75 | ||
| Q1 24 | $2.77 | $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 | — | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $1.8B | $713.1M |
| Total Assets | $6.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $100.0M | $114.7M | ||
| Q2 25 | $100.0M | $110.6M | ||
| Q1 25 | $100.0M | $110.6M | ||
| Q4 24 | $100.0M | $111.1M | ||
| Q3 24 | $100.0M | $126.8M | ||
| Q2 24 | $100.0M | $144.7M | ||
| Q1 24 | $100.0M | $160.9M |
| Q4 25 | $1.8B | $713.1M | ||
| Q3 25 | $1.9B | $764.0M | ||
| Q2 25 | $1.7B | $736.0M | ||
| Q1 25 | $1.6B | $685.1M | ||
| Q4 24 | $1.5B | $631.2M | ||
| Q3 24 | $1.7B | $613.3M | ||
| Q2 24 | $1.6B | $574.8M | ||
| Q1 24 | $1.5B | $573.6M |
| Q4 25 | $6.2B | $1.3B | ||
| Q3 25 | $6.2B | $1.2B | ||
| Q2 25 | $6.0B | $1.2B | ||
| Q1 25 | $5.7B | $1.1B | ||
| Q4 24 | $5.6B | $1.0B | ||
| Q3 24 | $5.8B | $996.3M | ||
| Q2 24 | $5.5B | $942.5M | ||
| Q1 24 | $5.3B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.05× | 0.15× | ||
| Q2 25 | 0.06× | 0.15× | ||
| Q1 25 | 0.06× | 0.16× | ||
| Q4 24 | 0.07× | 0.18× | ||
| Q3 24 | 0.06× | 0.21× | ||
| Q2 24 | 0.06× | 0.25× | ||
| Q1 24 | 0.07× | 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 | $156.8M | $31.0M |
| Free Cash FlowOCF − Capex | $155.0M | $11.4M |
| FCF MarginFCF / Revenue | 33.3% | 4.7% |
| Capex IntensityCapex / Revenue | 0.4% | 8.0% |
| Cash ConversionOCF / Net Profit | 1.72× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $31.0M | ||
| Q3 25 | $179.2M | $40.0M | ||
| Q2 25 | $174.7M | $17.9M | ||
| Q1 25 | $103.5M | $46.9M | ||
| Q4 24 | $128.1M | $61.1M | ||
| Q3 24 | $219.4M | $41.5M | ||
| Q2 24 | $141.8M | $34.5M | ||
| Q1 24 | $70.9M | $33.4M |
| Q4 25 | $155.0M | $11.4M | ||
| Q3 25 | $177.8M | $21.2M | ||
| Q2 25 | $173.4M | $-14.7M | ||
| Q1 25 | $102.5M | $16.5M | ||
| Q4 24 | $127.6M | $35.4M | ||
| Q3 24 | $219.0M | $17.8M | ||
| Q2 24 | $139.1M | $14.2M | ||
| Q1 24 | $69.9M | $23.6M |
| Q4 25 | 33.3% | 4.7% | ||
| Q3 25 | 34.9% | 8.2% | ||
| Q2 25 | 34.7% | -5.7% | ||
| Q1 25 | 25.1% | 7.4% | ||
| Q4 24 | 29.0% | 14.8% | ||
| Q3 24 | 46.6% | 7.5% | ||
| Q2 24 | 33.4% | 6.5% | ||
| Q1 24 | 15.7% | 12.2% |
| Q4 25 | 0.4% | 8.0% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 0.3% | 12.7% | ||
| Q1 25 | 0.3% | 13.7% | ||
| Q4 24 | 0.1% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.7% | 9.2% | ||
| Q1 24 | 0.2% | 5.1% |
| Q4 25 | 1.72× | 1.19× | ||
| Q3 25 | 1.44× | 0.85× | ||
| Q2 25 | 1.41× | 0.41× | ||
| Q1 25 | 1.64× | 1.11× | ||
| Q4 24 | 3.13× | 1.30× | ||
| Q3 24 | 2.31× | 0.84× | ||
| Q2 24 | 1.73× | 0.98× | ||
| Q1 24 | 0.55× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
