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Side-by-side financial comparison of SL GREEN REALTY CORP (SLG) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

SL GREEN REALTY CORP is the larger business by last-quarter revenue ($276.5M vs $245.3M, roughly 1.1× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -36.5%, a 47.1% gap on every dollar of revenue. On growth, SL GREEN REALTY CORP posted the faster year-over-year revenue change (12.4% vs 2.4%). Over the past eight quarters, SL GREEN REALTY CORP's revenue compounded faster (21.3% CAGR vs 12.8%).

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

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.

SLG vs TGLS — Head-to-Head

Bigger by revenue
SLG
SLG
1.1× larger
SLG
$276.5M
$245.3M
TGLS
Growing faster (revenue YoY)
SLG
SLG
+10.1% gap
SLG
12.4%
2.4%
TGLS
Higher net margin
TGLS
TGLS
47.1% more per $
TGLS
10.6%
-36.5%
SLG
Faster 2-yr revenue CAGR
SLG
SLG
Annualised
SLG
21.3%
12.8%
TGLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLG
SLG
TGLS
TGLS
Revenue
$276.5M
$245.3M
Net Profit
$-100.8M
$26.1M
Gross Margin
40.0%
Operating Margin
64.2%
18.3%
Net Margin
-36.5%
10.6%
Revenue YoY
12.4%
2.4%
Net Profit YoY
-870.0%
-44.5%
EPS (diluted)
$-1.49
$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.

Revenue
SLG
SLG
TGLS
TGLS
Q4 25
$276.5M
$245.3M
Q3 25
$244.8M
$260.5M
Q2 25
$241.9M
$255.5M
Q1 25
$239.8M
$222.3M
Q4 24
$245.9M
$239.6M
Q3 24
$229.7M
$238.3M
Q2 24
$222.8M
$219.7M
Q1 24
$187.9M
$192.6M
Net Profit
SLG
SLG
TGLS
TGLS
Q4 25
$-100.8M
$26.1M
Q3 25
$28.6M
$47.2M
Q2 25
$-7.4M
$44.1M
Q1 25
$-17.3M
$42.2M
Q4 24
$19.1M
$47.0M
Q3 24
$-9.5M
$49.5M
Q2 24
$1.6M
$35.0M
Q1 24
$16.9M
$29.7M
Gross Margin
SLG
SLG
TGLS
TGLS
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%
Operating Margin
SLG
SLG
TGLS
TGLS
Q4 25
64.2%
18.3%
Q3 25
85.5%
25.1%
Q2 25
53.4%
24.0%
Q1 25
56.7%
26.7%
Q4 24
59.8%
28.0%
Q3 24
65.1%
28.4%
Q2 24
79.2%
23.3%
Q1 24
21.3%
Net Margin
SLG
SLG
TGLS
TGLS
Q4 25
-36.5%
10.6%
Q3 25
11.7%
18.1%
Q2 25
-3.0%
17.3%
Q1 25
-7.2%
19.0%
Q4 24
7.8%
19.6%
Q3 24
-4.2%
20.8%
Q2 24
0.7%
15.9%
Q1 24
9.0%
15.4%
EPS (diluted)
SLG
SLG
TGLS
TGLS
Q4 25
$-1.49
$0.57
Q3 25
$0.34
$1.01
Q2 25
$-0.16
$0.94
Q1 25
$-0.30
$0.90
Q4 24
$0.13
$1.00
Q3 24
$-0.21
$1.05
Q2 24
$-0.04
$0.75
Q1 24
$0.20
$0.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SLG
SLG
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$155.7M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$3.7B
$713.1M
Total Assets
$11.1B
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLG
SLG
TGLS
TGLS
Q4 25
$155.7M
$104.1M
Q3 25
$187.0M
$127.1M
Q2 25
$182.9M
$140.9M
Q1 25
$180.1M
$160.2M
Q4 24
$184.3M
$137.5M
Q3 24
$188.2M
$124.8M
Q2 24
$199.5M
$129.5M
Q1 24
$196.0M
$138.8M
Total Debt
SLG
SLG
TGLS
TGLS
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
Stockholders' Equity
SLG
SLG
TGLS
TGLS
Q4 25
$3.7B
$713.1M
Q3 25
$3.8B
$764.0M
Q2 25
$3.8B
$736.0M
Q1 25
$3.8B
$685.1M
Q4 24
$4.0B
$631.2M
Q3 24
$3.6B
$613.3M
Q2 24
$3.7B
$574.8M
Q1 24
$3.7B
$573.6M
Total Assets
SLG
SLG
TGLS
TGLS
Q4 25
$11.1B
$1.3B
Q3 25
$11.1B
$1.2B
Q2 25
$11.3B
$1.2B
Q1 25
$11.4B
$1.1B
Q4 24
$10.5B
$1.0B
Q3 24
$10.2B
$996.3M
Q2 24
$9.5B
$942.5M
Q1 24
$9.8B
$981.6M
Debt / Equity
SLG
SLG
TGLS
TGLS
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
SLG
SLG
TGLS
TGLS
Operating Cash FlowLast quarter
$82.9M
$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.

Operating Cash Flow
SLG
SLG
TGLS
TGLS
Q4 25
$82.9M
$31.0M
Q3 25
$-6.8M
$40.0M
Q2 25
$54.5M
$17.9M
Q1 25
$6.7M
$46.9M
Q4 24
$129.6M
$61.1M
Q3 24
$16.7M
$41.5M
Q2 24
$79.4M
$34.5M
Q1 24
$-24.7M
$33.4M
Free Cash Flow
SLG
SLG
TGLS
TGLS
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 24
$23.6M
FCF Margin
SLG
SLG
TGLS
TGLS
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 24
12.2%
Capex Intensity
SLG
SLG
TGLS
TGLS
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 24
5.1%
Cash Conversion
SLG
SLG
TGLS
TGLS
Q4 25
1.19×
Q3 25
-0.24×
0.85×
Q2 25
0.41×
Q1 25
1.11×
Q4 24
6.77×
1.30×
Q3 24
0.84×
Q2 24
50.33×
0.98×
Q1 24
-1.46×
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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