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Side-by-side financial comparison of Tecnoglass Inc. (TGLS) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $208.0M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 10.6%, a 5.6% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -10.9%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-74.1M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
TGLS vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.3M | $208.0M |
| Net Profit | $26.1M | $33.9M |
| Gross Margin | 40.0% | — |
| Operating Margin | 18.3% | 19.1% |
| Net Margin | 10.6% | 16.3% |
| Revenue YoY | 2.4% | -10.9% |
| Net Profit YoY | -44.5% | -14.2% |
| EPS (diluted) | $0.57 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $260.5M | $216.4M | ||
| Q2 25 | $255.5M | $210.5M | ||
| Q1 25 | $222.3M | $217.9M | ||
| Q4 24 | $239.6M | $233.5M | ||
| Q3 24 | $238.3M | $227.0M | ||
| Q2 24 | $219.7M | $224.4M | ||
| Q1 24 | $192.6M | $222.0M |
| Q4 25 | $26.1M | $33.9M | ||
| Q3 25 | $47.2M | $31.3M | ||
| Q2 25 | $44.1M | $42.7M | ||
| Q1 25 | $42.2M | $28.1M | ||
| Q4 24 | $47.0M | $39.5M | ||
| Q3 24 | $49.5M | $49.1M | ||
| Q2 24 | $35.0M | $26.0M | ||
| Q1 24 | $29.7M | $37.9M |
| 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% | 19.1% | ||
| Q3 25 | 25.1% | 21.7% | ||
| Q2 25 | 24.0% | 21.5% | ||
| Q1 25 | 26.7% | 16.8% | ||
| Q4 24 | 28.0% | 21.7% | ||
| Q3 24 | 28.4% | 24.3% | ||
| Q2 24 | 23.3% | 19.7% | ||
| Q1 24 | 21.3% | 14.5% |
| Q4 25 | 10.6% | 16.3% | ||
| Q3 25 | 18.1% | 14.5% | ||
| Q2 25 | 17.3% | 20.3% | ||
| Q1 25 | 19.0% | 12.9% | ||
| Q4 24 | 19.6% | 16.9% | ||
| Q3 24 | 20.8% | 21.6% | ||
| Q2 24 | 15.9% | 11.6% | ||
| Q1 24 | 15.4% | 17.1% |
| Q4 25 | $0.57 | $5.15 | ||
| Q3 25 | $1.01 | $4.65 | ||
| Q2 25 | $0.94 | $6.12 | ||
| Q1 25 | $0.90 | $4.05 | ||
| Q4 24 | $1.00 | $4.65 | ||
| Q3 24 | $1.05 | $5.71 | ||
| Q2 24 | $0.75 | $2.43 | ||
| Q1 24 | $0.63 | $4.10 |
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 | — |
| Total DebtLower is stronger | $174.4M | $390.0M |
| Stockholders' EquityBook value | $713.1M | $934.0M |
| Total Assets | $1.3B | $4.3B |
| Debt / EquityLower = less leverage | 0.24× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $174.4M | $390.0M | ||
| Q3 25 | $114.7M | $390.6M | ||
| Q2 25 | $110.6M | $231.3M | ||
| Q1 25 | $110.6M | $231.7M | ||
| Q4 24 | $111.1M | $232.1M | ||
| Q3 24 | $126.8M | $237.5M | ||
| Q2 24 | $144.7M | $247.6M | ||
| Q1 24 | $160.9M | $253.0M |
| Q4 25 | $713.1M | $934.0M | ||
| Q3 25 | $764.0M | $918.7M | ||
| Q2 25 | $736.0M | $896.4M | ||
| Q1 25 | $685.1M | $893.7M | ||
| Q4 24 | $631.2M | $897.5M | ||
| Q3 24 | $613.3M | $889.0M | ||
| Q2 24 | $574.8M | $868.7M | ||
| Q1 24 | $573.6M | $871.7M |
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.2B | $3.9B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.1B | $3.7B | ||
| Q4 24 | $1.0B | $4.0B | ||
| Q3 24 | $996.3M | $3.6B | ||
| Q2 24 | $942.5M | $3.6B | ||
| Q1 24 | $981.6M | $3.5B |
| Q4 25 | 0.24× | 0.42× | ||
| Q3 25 | 0.15× | 0.43× | ||
| Q2 25 | 0.15× | 0.26× | ||
| Q1 25 | 0.16× | 0.26× | ||
| Q4 24 | 0.18× | 0.26× | ||
| Q3 24 | 0.21× | 0.27× | ||
| Q2 24 | 0.25× | 0.29× | ||
| Q1 24 | 0.28× | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $11.4M | $-74.1M |
| FCF MarginFCF / Revenue | 4.7% | -35.6% |
| Capex IntensityCapex / Revenue | 8.0% | 3.3% |
| Cash ConversionOCF / Net Profit | 1.19× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.0M | $-67.2M | ||
| Q3 25 | $40.0M | $108.3M | ||
| Q2 25 | $17.9M | $75.8M | ||
| Q1 25 | $46.9M | $-3.8M | ||
| Q4 24 | $61.1M | $1.8M | ||
| Q3 24 | $41.5M | $69.1M | ||
| Q2 24 | $34.5M | $70.0M | ||
| Q1 24 | $33.4M | $-34.5M |
| Q4 25 | $11.4M | $-74.1M | ||
| Q3 25 | $21.2M | $106.9M | ||
| Q2 25 | $-14.7M | $74.2M | ||
| Q1 25 | $16.5M | $-6.8M | ||
| Q4 24 | $35.4M | $-3.8M | ||
| Q3 24 | $17.8M | $68.7M | ||
| Q2 24 | $14.2M | $68.6M | ||
| Q1 24 | $23.6M | $-36.5M |
| Q4 25 | 4.7% | -35.6% | ||
| Q3 25 | 8.2% | 49.4% | ||
| Q2 25 | -5.7% | 35.2% | ||
| Q1 25 | 7.4% | -3.1% | ||
| Q4 24 | 14.8% | -1.6% | ||
| Q3 24 | 7.5% | 30.3% | ||
| Q2 24 | 6.5% | 30.6% | ||
| Q1 24 | 12.2% | -16.4% |
| Q4 25 | 8.0% | 3.3% | ||
| Q3 25 | 7.2% | 0.7% | ||
| Q2 25 | 12.7% | 0.7% | ||
| Q1 25 | 13.7% | 1.4% | ||
| Q4 24 | 10.7% | 2.4% | ||
| Q3 24 | 9.9% | 0.2% | ||
| Q2 24 | 9.2% | 0.6% | ||
| Q1 24 | 5.1% | 0.9% |
| Q4 25 | 1.19× | -1.99× | ||
| Q3 25 | 0.85× | 3.45× | ||
| Q2 25 | 0.41× | 1.77× | ||
| Q1 25 | 1.11× | -0.13× | ||
| Q4 24 | 1.30× | 0.04× | ||
| Q3 24 | 0.84× | 1.41× | ||
| Q2 24 | 0.98× | 2.69× | ||
| Q1 24 | 1.13× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
