vs
Side-by-side financial comparison of SOLAREDGE TECHNOLOGIES, INC. (SEDG) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $245.3M, roughly 1.4× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -39.4%, a 50.0% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 2.4%). SOLAREDGE TECHNOLOGIES, INC. produced more free cash flow last quarter ($43.3M vs $11.4M). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% CAGR vs 12.8%).
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
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.
SEDG vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.4M | $245.3M |
| Net Profit | $-132.1M | $26.1M |
| Gross Margin | 22.2% | 40.0% |
| Operating Margin | -14.4% | 18.3% |
| Net Margin | -39.4% | 10.6% |
| Revenue YoY | 70.9% | 2.4% |
| Net Profit YoY | 54.0% | -44.5% |
| EPS (diluted) | $-2.21 | $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 | $335.4M | $245.3M | ||
| Q3 25 | $340.2M | $260.5M | ||
| Q2 25 | $289.4M | $255.5M | ||
| Q1 25 | $219.5M | $222.3M | ||
| Q4 24 | $196.2M | $239.6M | ||
| Q3 24 | $235.4M | $238.3M | ||
| Q2 24 | $265.4M | $219.7M | ||
| Q1 24 | $204.4M | $192.6M |
| Q4 25 | $-132.1M | $26.1M | ||
| Q3 25 | $-50.1M | $47.2M | ||
| Q2 25 | $-124.7M | $44.1M | ||
| Q1 25 | $-98.5M | $42.2M | ||
| Q4 24 | $-287.4M | $47.0M | ||
| Q3 24 | $-1.2B | $49.5M | ||
| Q2 24 | $-130.8M | $35.0M | ||
| Q1 24 | $-157.3M | $29.7M |
| Q4 25 | 22.2% | 40.0% | ||
| Q3 25 | 21.2% | 42.7% | ||
| Q2 25 | 11.1% | 44.7% | ||
| Q1 25 | 8.0% | 43.9% | ||
| Q4 24 | -57.2% | 44.5% | ||
| Q3 24 | -309.1% | 45.8% | ||
| Q2 24 | -4.1% | 40.8% | ||
| Q1 24 | -12.8% | 38.8% |
| Q4 25 | -14.4% | 18.3% | ||
| Q3 25 | -10.3% | 25.1% | ||
| Q2 25 | -39.9% | 24.0% | ||
| Q1 25 | -46.8% | 26.7% | ||
| Q4 24 | -134.4% | 28.0% | ||
| Q3 24 | -471.8% | 28.4% | ||
| Q2 24 | -60.4% | 23.3% | ||
| Q1 24 | -85.0% | 21.3% |
| Q4 25 | -39.4% | 10.6% | ||
| Q3 25 | -14.7% | 18.1% | ||
| Q2 25 | -43.1% | 17.3% | ||
| Q1 25 | -44.9% | 19.0% | ||
| Q4 24 | -146.5% | 19.6% | ||
| Q3 24 | -522.8% | 20.8% | ||
| Q2 24 | -49.3% | 15.9% | ||
| Q1 24 | -77.0% | 15.4% |
| Q4 25 | $-2.21 | $0.57 | ||
| Q3 25 | $-0.84 | $1.01 | ||
| Q2 25 | $-2.13 | $0.94 | ||
| Q1 25 | $-1.70 | $0.90 | ||
| Q4 24 | $-5.00 | $1.00 | ||
| Q3 24 | $-21.58 | $1.05 | ||
| Q2 24 | $-2.31 | $0.75 | ||
| Q1 24 | $-2.75 | $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 | $493.2M | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $427.5M | $713.1M |
| Total Assets | $2.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $493.2M | $104.1M | ||
| Q3 25 | $498.6M | $127.1M | ||
| Q2 25 | $758.0M | $140.9M | ||
| Q1 25 | $651.6M | $160.2M | ||
| Q4 24 | $585.9M | $137.5M | ||
| Q3 24 | $678.8M | $124.8M | ||
| Q2 24 | $689.8M | $129.5M | ||
| Q1 24 | $680.6M | $138.8M |
| 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 24 | — | $160.9M |
| Q4 25 | $427.5M | $713.1M | ||
| Q3 25 | $479.8M | $764.0M | ||
| Q2 25 | $513.2M | $736.0M | ||
| Q1 25 | $594.2M | $685.1M | ||
| Q4 24 | $658.3M | $631.2M | ||
| Q3 24 | $930.9M | $613.3M | ||
| Q2 24 | $2.1B | $574.8M | ||
| Q1 24 | $2.2B | $573.6M |
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $2.8B | $996.3M | ||
| Q2 24 | $3.9B | $942.5M | ||
| Q1 24 | $4.2B | $981.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $52.6M | $31.0M |
| Free Cash FlowOCF − Capex | $43.3M | $11.4M |
| FCF MarginFCF / Revenue | 12.9% | 4.7% |
| Capex IntensityCapex / Revenue | 2.8% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $80.8M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.6M | $31.0M | ||
| Q3 25 | $25.6M | $40.0M | ||
| Q2 25 | $-7.8M | $17.9M | ||
| Q1 25 | $33.8M | $46.9M | ||
| Q4 24 | $37.8M | $61.1M | ||
| Q3 24 | $-89.3M | $41.5M | ||
| Q2 24 | $-44.8M | $34.5M | ||
| Q1 24 | $-217.0M | $33.4M |
| Q4 25 | $43.3M | $11.4M | ||
| Q3 25 | $22.8M | $21.2M | ||
| Q2 25 | $-9.1M | $-14.7M | ||
| Q1 25 | $23.7M | $16.5M | ||
| Q4 24 | $25.5M | $35.4M | ||
| Q3 24 | $-136.7M | $17.8M | ||
| Q2 24 | $-67.0M | $14.2M | ||
| Q1 24 | $-243.4M | $23.6M |
| Q4 25 | 12.9% | 4.7% | ||
| Q3 25 | 6.7% | 8.2% | ||
| Q2 25 | -3.1% | -5.7% | ||
| Q1 25 | 10.8% | 7.4% | ||
| Q4 24 | 13.0% | 14.8% | ||
| Q3 24 | -58.1% | 7.5% | ||
| Q2 24 | -25.2% | 6.5% | ||
| Q1 24 | -119.1% | 12.2% |
| Q4 25 | 2.8% | 8.0% | ||
| Q3 25 | 0.8% | 7.2% | ||
| Q2 25 | 0.4% | 12.7% | ||
| Q1 25 | 4.6% | 13.7% | ||
| Q4 24 | 6.2% | 10.7% | ||
| Q3 24 | 20.1% | 9.9% | ||
| Q2 24 | 8.4% | 9.2% | ||
| Q1 24 | 12.9% | 5.1% |
| 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
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
