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Side-by-side financial comparison of T1 Energy Inc. (TE) 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 $210.5M, roughly 1.2× T1 Energy Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -62.0%, a 72.7% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $11.4M).

Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.

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.

TE vs TGLS — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.2× larger
TGLS
$245.3M
$210.5M
TE
Higher net margin
TGLS
TGLS
72.7% more per $
TGLS
10.6%
-62.0%
TE
More free cash flow
TE
TE
$43.5M more FCF
TE
$55.0M
$11.4M
TGLS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TE
TE
TGLS
TGLS
Revenue
$210.5M
$245.3M
Net Profit
$-130.6M
$26.1M
Gross Margin
10.0%
40.0%
Operating Margin
-45.0%
18.3%
Net Margin
-62.0%
10.6%
Revenue YoY
2.4%
Net Profit YoY
-375.2%
-44.5%
EPS (diluted)
$-0.87
$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
TE
TE
TGLS
TGLS
Q4 25
$245.3M
Q3 25
$210.5M
$260.5M
Q2 25
$132.8M
$255.5M
Q1 25
$53.5M
$222.3M
Q4 24
$239.6M
Q3 24
$0
$238.3M
Q2 24
$0
$219.7M
Q1 24
$0
$192.6M
Net Profit
TE
TE
TGLS
TGLS
Q4 25
$26.1M
Q3 25
$-130.6M
$47.2M
Q2 25
$-31.9M
$44.1M
Q1 25
$-16.2M
$42.2M
Q4 24
$47.0M
Q3 24
$-27.5M
$49.5M
Q2 24
$-27.0M
$35.0M
Q1 24
$-28.5M
$29.7M
Gross Margin
TE
TE
TGLS
TGLS
Q4 25
40.0%
Q3 25
10.0%
42.7%
Q2 25
24.7%
44.7%
Q1 25
33.3%
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
TE
TE
TGLS
TGLS
Q4 25
18.3%
Q3 25
-45.0%
25.1%
Q2 25
-22.0%
24.0%
Q1 25
-44.2%
26.7%
Q4 24
28.0%
Q3 24
28.4%
Q2 24
23.3%
Q1 24
21.3%
Net Margin
TE
TE
TGLS
TGLS
Q4 25
10.6%
Q3 25
-62.0%
18.1%
Q2 25
-24.0%
17.3%
Q1 25
-30.4%
19.0%
Q4 24
19.6%
Q3 24
20.8%
Q2 24
15.9%
Q1 24
15.4%
EPS (diluted)
TE
TE
TGLS
TGLS
Q4 25
$0.57
Q3 25
$-0.87
$1.01
Q2 25
$-0.21
$0.94
Q1 25
$-0.11
$0.90
Q4 24
$1.00
Q3 24
$-0.20
$1.05
Q2 24
$-0.19
$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
TE
TE
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$34.1M
$104.1M
Total DebtLower is stronger
$547.3M
$174.4M
Stockholders' EquityBook value
$96.9M
$713.1M
Total Assets
$1.4B
$1.3B
Debt / EquityLower = less leverage
5.65×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TE
TE
TGLS
TGLS
Q4 25
$104.1M
Q3 25
$34.1M
$127.1M
Q2 25
$8.5M
$140.9M
Q1 25
$48.9M
$160.2M
Q4 24
$137.5M
Q3 24
$181.9M
$124.8M
Q2 24
$219.6M
$129.5M
Q1 24
$249.9M
$138.8M
Total Debt
TE
TE
TGLS
TGLS
Q4 25
$174.4M
Q3 25
$547.3M
$114.7M
Q2 25
$591.2M
$110.6M
Q1 25
$603.2M
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$602.3M
$160.9M
Stockholders' Equity
TE
TE
TGLS
TGLS
Q4 25
$713.1M
Q3 25
$96.9M
$764.0M
Q2 25
$183.9M
$736.0M
Q1 25
$201.9M
$685.1M
Q4 24
$631.2M
Q3 24
$538.7M
$613.3M
Q2 24
$561.6M
$574.8M
Q1 24
$582.3M
$573.6M
Total Assets
TE
TE
TGLS
TGLS
Q4 25
$1.3B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.4B
$1.1B
Q4 24
$1.0B
Q3 24
$615.0M
$996.3M
Q2 24
$644.4M
$942.5M
Q1 24
$670.3M
$981.6M
Debt / Equity
TE
TE
TGLS
TGLS
Q4 25
0.24×
Q3 25
5.65×
0.15×
Q2 25
3.21×
0.15×
Q1 25
2.99×
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
1.03×
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
TE
TE
TGLS
TGLS
Operating Cash FlowLast quarter
$63.9M
$31.0M
Free Cash FlowOCF − Capex
$55.0M
$11.4M
FCF MarginFCF / Revenue
26.1%
4.7%
Capex IntensityCapex / Revenue
4.2%
8.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$-42.3M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TE
TE
TGLS
TGLS
Q4 25
$31.0M
Q3 25
$63.9M
$40.0M
Q2 25
$33.4M
$17.9M
Q1 25
$-44.8M
$46.9M
Q4 24
$61.1M
Q3 24
$-28.4M
$41.5M
Q2 24
$-28.0M
$34.5M
Q1 24
$-16.2M
$33.4M
Free Cash Flow
TE
TE
TGLS
TGLS
Q4 25
$11.4M
Q3 25
$55.0M
$21.2M
Q2 25
$10.6M
$-14.7M
Q1 25
$-74.0M
$16.5M
Q4 24
$35.4M
Q3 24
$-34.0M
$17.8M
Q2 24
$-35.6M
$14.2M
Q1 24
$-37.7M
$23.6M
FCF Margin
TE
TE
TGLS
TGLS
Q4 25
4.7%
Q3 25
26.1%
8.2%
Q2 25
8.0%
-5.7%
Q1 25
-138.4%
7.4%
Q4 24
14.8%
Q3 24
7.5%
Q2 24
6.5%
Q1 24
12.2%
Capex Intensity
TE
TE
TGLS
TGLS
Q4 25
8.0%
Q3 25
4.2%
7.2%
Q2 25
17.2%
12.7%
Q1 25
54.5%
13.7%
Q4 24
10.7%
Q3 24
9.9%
Q2 24
9.2%
Q1 24
5.1%
Cash Conversion
TE
TE
TGLS
TGLS
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

TE
TE

Related Party$120.1M57%
Nonrelated Party$90.4M43%

TGLS
TGLS

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

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