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

Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $204.1M, roughly 1.2× TRUSTMARK CORP). TRUSTMARK CORP runs the higher net margin — 28.4% vs 10.6%, a 17.7% gap on every dollar of revenue. On growth, TRUSTMARK CORP posted the faster year-over-year revenue change (4.5% vs 2.4%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 8.9%).

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.

Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.

TGLS vs TRMK — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.2× larger
TGLS
$245.3M
$204.1M
TRMK
Growing faster (revenue YoY)
TRMK
TRMK
+2.1% gap
TRMK
4.5%
2.4%
TGLS
Higher net margin
TRMK
TRMK
17.7% more per $
TRMK
28.4%
10.6%
TGLS
More free cash flow
TRMK
TRMK
$220.5M more FCF
TRMK
$232.0M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
8.9%
TRMK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TGLS
TGLS
TRMK
TRMK
Revenue
$245.3M
$204.1M
Net Profit
$26.1M
$57.9M
Gross Margin
40.0%
Operating Margin
18.3%
34.7%
Net Margin
10.6%
28.4%
Revenue YoY
2.4%
4.5%
Net Profit YoY
-44.5%
2.8%
EPS (diluted)
$0.57
$0.96

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
TGLS
TGLS
TRMK
TRMK
Q4 25
$245.3M
$204.1M
Q3 25
$260.5M
$202.4M
Q2 25
$255.5M
$198.6M
Q1 25
$222.3M
$194.6M
Q4 24
$239.6M
$155.8M
Q3 24
$238.3M
$192.3M
Q2 24
$219.7M
$141.0M
Q1 24
$192.6M
$172.2M
Net Profit
TGLS
TGLS
TRMK
TRMK
Q4 25
$26.1M
$57.9M
Q3 25
$47.2M
$56.8M
Q2 25
$44.1M
$55.8M
Q1 25
$42.2M
$53.6M
Q4 24
$47.0M
$56.3M
Q3 24
$49.5M
$51.3M
Q2 24
$35.0M
$73.8M
Q1 24
$29.7M
$41.5M
Gross Margin
TGLS
TGLS
TRMK
TRMK
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
TGLS
TGLS
TRMK
TRMK
Q4 25
18.3%
34.7%
Q3 25
25.1%
34.5%
Q2 25
24.0%
34.7%
Q1 25
26.7%
33.6%
Q4 24
28.0%
41.6%
Q3 24
28.4%
32.5%
Q2 24
23.3%
-98.1%
Q1 24
21.3%
26.1%
Net Margin
TGLS
TGLS
TRMK
TRMK
Q4 25
10.6%
28.4%
Q3 25
18.1%
28.1%
Q2 25
17.3%
28.1%
Q1 25
19.0%
27.6%
Q4 24
19.6%
36.1%
Q3 24
20.8%
26.7%
Q2 24
15.9%
52.4%
Q1 24
15.4%
24.1%
EPS (diluted)
TGLS
TGLS
TRMK
TRMK
Q4 25
$0.57
$0.96
Q3 25
$1.01
$0.94
Q2 25
$0.94
$0.92
Q1 25
$0.90
$0.88
Q4 24
$1.00
$0.91
Q3 24
$1.05
$0.84
Q2 24
$0.75
$1.20
Q1 24
$0.63
$0.68

Balance Sheet & Financial Strength

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

Metric
TGLS
TGLS
TRMK
TRMK
Cash + ST InvestmentsLiquidity on hand
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$713.1M
$2.1B
Total Assets
$1.3B
$18.9B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TGLS
TGLS
TRMK
TRMK
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
Total Debt
TGLS
TGLS
TRMK
TRMK
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
TGLS
TGLS
TRMK
TRMK
Q4 25
$713.1M
$2.1B
Q3 25
$764.0M
$2.1B
Q2 25
$736.0M
$2.1B
Q1 25
$685.1M
$2.0B
Q4 24
$631.2M
$2.0B
Q3 24
$613.3M
$2.0B
Q2 24
$574.8M
$1.9B
Q1 24
$573.6M
$1.7B
Total Assets
TGLS
TGLS
TRMK
TRMK
Q4 25
$1.3B
$18.9B
Q3 25
$1.2B
$18.8B
Q2 25
$1.2B
$18.6B
Q1 25
$1.1B
$18.3B
Q4 24
$1.0B
$18.2B
Q3 24
$996.3M
$18.5B
Q2 24
$942.5M
$18.5B
Q1 24
$981.6M
$18.4B
Debt / Equity
TGLS
TGLS
TRMK
TRMK
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
TGLS
TGLS
TRMK
TRMK
Operating Cash FlowLast quarter
$31.0M
$243.9M
Free Cash FlowOCF − Capex
$11.4M
$232.0M
FCF MarginFCF / Revenue
4.7%
113.6%
Capex IntensityCapex / Revenue
8.0%
5.9%
Cash ConversionOCF / Net Profit
1.19×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$34.5M
$409.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TGLS
TGLS
TRMK
TRMK
Q4 25
$31.0M
$243.9M
Q3 25
$40.0M
$66.2M
Q2 25
$17.9M
$37.6M
Q1 25
$46.9M
$82.4M
Q4 24
$61.1M
$116.9M
Q3 24
$41.5M
$59.5M
Q2 24
$34.5M
$16.7M
Q1 24
$33.4M
$-58.5M
Free Cash Flow
TGLS
TGLS
TRMK
TRMK
Q4 25
$11.4M
$232.0M
Q3 25
$21.2M
$62.7M
Q2 25
$-14.7M
$34.5M
Q1 25
$16.5M
$80.6M
Q4 24
$35.4M
$93.4M
Q3 24
$17.8M
$51.2M
Q2 24
$14.2M
$10.5M
Q1 24
$23.6M
$-63.6M
FCF Margin
TGLS
TGLS
TRMK
TRMK
Q4 25
4.7%
113.6%
Q3 25
8.2%
31.0%
Q2 25
-5.7%
17.4%
Q1 25
7.4%
41.4%
Q4 24
14.8%
60.0%
Q3 24
7.5%
26.7%
Q2 24
6.5%
7.4%
Q1 24
12.2%
-36.9%
Capex Intensity
TGLS
TGLS
TRMK
TRMK
Q4 25
8.0%
5.9%
Q3 25
7.2%
1.8%
Q2 25
12.7%
1.6%
Q1 25
13.7%
0.9%
Q4 24
10.7%
15.1%
Q3 24
9.9%
4.3%
Q2 24
9.2%
4.4%
Q1 24
5.1%
2.9%
Cash Conversion
TGLS
TGLS
TRMK
TRMK
Q4 25
1.19×
4.21×
Q3 25
0.85×
1.17×
Q2 25
0.41×
0.67×
Q1 25
1.11×
1.54×
Q4 24
1.30×
2.08×
Q3 24
0.84×
1.16×
Q2 24
0.98×
0.23×
Q1 24
1.13×
-1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TGLS
TGLS

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

TRMK
TRMK

Segment breakdown not available.

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