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Side-by-side financial comparison of TIDEWATER INC (TDW) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $245.3M, roughly 1.4× Tecnoglass Inc.). TIDEWATER INC runs the higher net margin — 65.3% vs 10.6%, a 54.6% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -2.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 2.4%).
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
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.
TDW vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.8M | $245.3M |
| Net Profit | $219.9M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 19.0% | 18.3% |
| Net Margin | 65.3% | 10.6% |
| Revenue YoY | -2.4% | 2.4% |
| Net Profit YoY | 495.8% | -44.5% |
| EPS (diluted) | $4.37 | $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 | $336.8M | $245.3M | ||
| Q3 25 | $341.1M | $260.5M | ||
| Q2 25 | $341.4M | $255.5M | ||
| Q1 25 | $333.4M | $222.3M | ||
| Q4 24 | $345.1M | $239.6M | ||
| Q3 24 | $340.4M | $238.3M | ||
| Q2 24 | $339.2M | $219.7M | ||
| Q1 24 | $321.2M | $192.6M |
| Q4 25 | $219.9M | $26.1M | ||
| Q3 25 | $-806.0K | $47.2M | ||
| Q2 25 | $72.9M | $44.1M | ||
| Q1 25 | $42.7M | $42.2M | ||
| Q4 24 | $36.9M | $47.0M | ||
| Q3 24 | $46.4M | $49.5M | ||
| Q2 24 | $50.4M | $35.0M | ||
| Q1 24 | $47.0M | $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 | 19.0% | 18.3% | ||
| Q3 25 | 18.4% | 25.1% | ||
| Q2 25 | 23.7% | 24.0% | ||
| Q1 25 | 22.5% | 26.7% | ||
| Q4 24 | 23.6% | 28.0% | ||
| Q3 24 | 20.6% | 28.4% | ||
| Q2 24 | 23.0% | 23.3% | ||
| Q1 24 | 25.5% | 21.3% |
| Q4 25 | 65.3% | 10.6% | ||
| Q3 25 | -0.2% | 18.1% | ||
| Q2 25 | 21.4% | 17.3% | ||
| Q1 25 | 12.8% | 19.0% | ||
| Q4 24 | 10.7% | 19.6% | ||
| Q3 24 | 13.6% | 20.8% | ||
| Q2 24 | 14.8% | 15.9% | ||
| Q1 24 | 14.6% | 15.4% |
| Q4 25 | $4.37 | $0.57 | ||
| Q3 25 | $-0.02 | $1.01 | ||
| Q2 25 | $1.46 | $0.94 | ||
| Q1 25 | $0.83 | $0.90 | ||
| Q4 24 | $0.70 | $1.00 | ||
| Q3 24 | $0.87 | $1.05 | ||
| Q2 24 | $0.94 | $0.75 | ||
| Q1 24 | $0.89 | $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 | $578.8M | $104.1M |
| Total DebtLower is stronger | $670.1M | $174.4M |
| Stockholders' EquityBook value | $1.4B | $713.1M |
| Total Assets | $2.4B | $1.3B |
| Debt / EquityLower = less leverage | 0.49× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $578.8M | $104.1M | ||
| Q3 25 | $428.2M | $127.1M | ||
| Q2 25 | $369.4M | $140.9M | ||
| Q1 25 | $341.8M | $160.2M | ||
| Q4 24 | $324.9M | $137.5M | ||
| Q3 24 | $280.8M | $124.8M | ||
| Q2 24 | $315.9M | $129.5M | ||
| Q1 24 | $280.9M | $138.8M |
| Q4 25 | $670.1M | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $647.9M | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $1.4B | $713.1M | ||
| Q3 25 | $1.1B | $764.0M | ||
| Q2 25 | $1.1B | $736.0M | ||
| Q1 25 | $1.1B | $685.1M | ||
| Q4 24 | $1.1B | $631.2M | ||
| Q3 24 | $1.1B | $613.3M | ||
| Q2 24 | $1.1B | $574.8M | ||
| Q1 24 | $1.1B | $573.6M |
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.0B | $996.3M | ||
| Q2 24 | $2.1B | $942.5M | ||
| Q1 24 | $2.1B | $981.6M |
| Q4 25 | 0.49× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 0.58× | 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 | $153.0M | $31.0M |
| Free Cash FlowOCF − Capex | $147.8M | $11.4M |
| FCF MarginFCF / Revenue | 43.9% | 4.7% |
| Capex IntensityCapex / Revenue | 1.5% | 8.0% |
| Cash ConversionOCF / Net Profit | 0.70× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $353.3M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.0M | $31.0M | ||
| Q3 25 | $54.7M | $40.0M | ||
| Q2 25 | $85.4M | $17.9M | ||
| Q1 25 | $86.0M | $46.9M | ||
| Q4 24 | $100.0M | $61.1M | ||
| Q3 24 | $49.0M | $41.5M | ||
| Q2 24 | $78.6M | $34.5M | ||
| Q1 24 | $54.8M | $33.4M |
| Q4 25 | $147.8M | $11.4M | ||
| Q3 25 | $49.6M | $21.2M | ||
| Q2 25 | $80.2M | $-14.7M | ||
| Q1 25 | $75.7M | $16.5M | ||
| Q4 24 | $95.5M | $35.4M | ||
| Q3 24 | $43.3M | $17.8M | ||
| Q2 24 | $72.3M | $14.2M | ||
| Q1 24 | $43.8M | $23.6M |
| Q4 25 | 43.9% | 4.7% | ||
| Q3 25 | 14.5% | 8.2% | ||
| Q2 25 | 23.5% | -5.7% | ||
| Q1 25 | 22.7% | 7.4% | ||
| Q4 24 | 27.7% | 14.8% | ||
| Q3 24 | 12.7% | 7.5% | ||
| Q2 24 | 21.3% | 6.5% | ||
| Q1 24 | 13.6% | 12.2% |
| Q4 25 | 1.5% | 8.0% | ||
| Q3 25 | 1.5% | 7.2% | ||
| Q2 25 | 1.5% | 12.7% | ||
| Q1 25 | 3.1% | 13.7% | ||
| Q4 24 | 1.3% | 10.7% | ||
| Q3 24 | 1.7% | 9.9% | ||
| Q2 24 | 1.9% | 9.2% | ||
| Q1 24 | 3.4% | 5.1% |
| Q4 25 | 0.70× | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | 1.17× | 0.41× | ||
| Q1 25 | 2.02× | 1.11× | ||
| Q4 24 | 2.71× | 1.30× | ||
| Q3 24 | 1.06× | 0.84× | ||
| Q2 24 | 1.56× | 0.98× | ||
| Q1 24 | 1.16× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TDW
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
