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Side-by-side financial comparison of Tecnoglass Inc. (TGLS) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $137.5M, roughly 1.8× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs 10.6%, a 104.4% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 2.4%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 12.8%).
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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
TGLS vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.3M | $137.5M |
| Net Profit | $26.1M | $158.2M |
| Gross Margin | 40.0% | — |
| Operating Margin | 18.3% | — |
| Net Margin | 10.6% | 115.1% |
| Revenue YoY | 2.4% | 32.6% |
| Net Profit YoY | -44.5% | 107.9% |
| EPS (diluted) | $0.57 | $1.54 |
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 | $245.3M | $137.5M | ||
| Q3 25 | $260.5M | $116.2M | ||
| Q2 25 | $255.5M | $112.2M | ||
| Q1 25 | $222.3M | $110.4M | ||
| Q4 24 | $239.6M | $103.7M | ||
| Q3 24 | $238.3M | $99.6M | ||
| Q2 24 | $219.7M | $94.2M | ||
| Q1 24 | $192.6M | $85.0M |
| Q4 25 | $26.1M | $158.2M | ||
| Q3 25 | $47.2M | $103.4M | ||
| Q2 25 | $44.1M | $93.3M | ||
| Q1 25 | $42.2M | $48.1M | ||
| Q4 24 | $47.0M | $76.1M | ||
| Q3 24 | $49.5M | $36.6M | ||
| Q2 24 | $35.0M | $35.7M | ||
| Q1 24 | $29.7M | $36.1M |
| 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 | 18.3% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 24.0% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 23.3% | — | ||
| Q1 24 | 21.3% | — |
| Q4 25 | 10.6% | 115.1% | ||
| Q3 25 | 18.1% | 88.9% | ||
| Q2 25 | 17.3% | 83.1% | ||
| Q1 25 | 19.0% | 43.6% | ||
| Q4 24 | 19.6% | 73.4% | ||
| Q3 24 | 20.8% | 36.8% | ||
| Q2 24 | 15.9% | 37.9% | ||
| Q1 24 | 15.4% | 42.4% |
| Q4 25 | $0.57 | $1.54 | ||
| Q3 25 | $1.01 | $1.00 | ||
| Q2 25 | $0.94 | $0.90 | ||
| Q1 25 | $0.90 | $0.47 | ||
| Q4 24 | $1.00 | $0.78 | ||
| Q3 24 | $1.05 | $0.37 | ||
| Q2 24 | $0.75 | $0.37 | ||
| Q1 24 | $0.63 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $104.1M | $25.0M |
| Total DebtLower is stronger | $174.4M | $943.3M |
| Stockholders' EquityBook value | $713.1M | $4.1B |
| Total Assets | $1.3B | $5.4B |
| Debt / EquityLower = less leverage | 0.24× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $25.0M | ||
| Q3 25 | $127.1M | $26.2M | ||
| Q2 25 | $140.9M | $128.4M | ||
| Q1 25 | $160.2M | $156.5M | ||
| Q4 24 | $137.5M | $18.1M | ||
| Q3 24 | $124.8M | $243.7M | ||
| Q2 24 | $129.5M | $182.0M | ||
| Q1 24 | $138.8M | $649.6M |
| Q4 25 | $174.4M | $943.3M | ||
| Q3 25 | $114.7M | $1.0B | ||
| Q2 25 | $110.6M | $742.4M | ||
| Q1 25 | $110.6M | $741.9M | ||
| Q4 24 | $111.1M | $823.4M | ||
| Q3 24 | $126.8M | $672.2M | ||
| Q2 24 | $144.7M | $772.0M | ||
| Q1 24 | $160.9M | $771.8M |
| Q4 25 | $713.1M | $4.1B | ||
| Q3 25 | $764.0M | $4.0B | ||
| Q2 25 | $736.0M | $3.9B | ||
| Q1 25 | $685.1M | $3.9B | ||
| Q4 24 | $631.2M | $3.7B | ||
| Q3 24 | $613.3M | $3.6B | ||
| Q2 24 | $574.8M | $3.4B | ||
| Q1 24 | $573.6M | $3.4B |
| Q4 25 | $1.3B | $5.4B | ||
| Q3 25 | $1.2B | $5.3B | ||
| Q2 25 | $1.2B | $5.0B | ||
| Q1 25 | $1.1B | $4.9B | ||
| Q4 24 | $1.0B | $4.8B | ||
| Q3 24 | $996.3M | $4.6B | ||
| Q2 24 | $942.5M | $4.5B | ||
| Q1 24 | $981.6M | $4.4B |
| Q4 25 | 0.24× | 0.23× | ||
| Q3 25 | 0.15× | 0.26× | ||
| Q2 25 | 0.15× | 0.19× | ||
| Q1 25 | 0.16× | 0.19× | ||
| Q4 24 | 0.18× | 0.22× | ||
| Q3 24 | 0.21× | 0.19× | ||
| Q2 24 | 0.25× | 0.22× | ||
| Q1 24 | 0.28× | 0.22× |
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 | $31.0M | $271.9M |
| Free Cash FlowOCF − Capex | $11.4M | — |
| FCF MarginFCF / Revenue | 4.7% | — |
| Capex IntensityCapex / Revenue | 8.0% | — |
| Cash ConversionOCF / Net Profit | 1.19× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.0M | $271.9M | ||
| Q3 25 | $40.0M | $79.5M | ||
| Q2 25 | $17.9M | $60.6M | ||
| Q1 25 | $46.9M | $61.4M | ||
| Q4 24 | $61.1M | $232.7M | ||
| Q3 24 | $41.5M | $70.0M | ||
| Q2 24 | $34.5M | $64.3M | ||
| Q1 24 | $33.4M | $47.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.19× | 1.72× | ||
| Q3 25 | 0.85× | 0.77× | ||
| Q2 25 | 0.41× | 0.65× | ||
| Q1 25 | 1.11× | 1.28× | ||
| Q4 24 | 1.30× | 3.06× | ||
| Q3 24 | 0.84× | 1.91× | ||
| Q2 24 | 0.98× | 1.80× | ||
| Q1 24 | 1.13× | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
