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

Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $245.3M, roughly 1.5× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 4.9%, a 5.8% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 2.4%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 5.8%).

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.

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

TGLS vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.5× larger
VTOL
$377.3M
$245.3M
TGLS
Growing faster (revenue YoY)
VTOL
VTOL
+4.3% gap
VTOL
6.7%
2.4%
TGLS
Higher net margin
TGLS
TGLS
5.8% more per $
TGLS
10.6%
4.9%
VTOL
More free cash flow
VTOL
VTOL
$36.3M more FCF
VTOL
$47.8M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
5.8%
VTOL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TGLS
TGLS
VTOL
VTOL
Revenue
$245.3M
$377.3M
Net Profit
$26.1M
$18.4M
Gross Margin
40.0%
Operating Margin
18.3%
8.5%
Net Margin
10.6%
4.9%
Revenue YoY
2.4%
6.7%
Net Profit YoY
-44.5%
-42.1%
EPS (diluted)
$0.57
$0.61

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
VTOL
VTOL
Q4 25
$245.3M
$377.3M
Q3 25
$260.5M
$386.3M
Q2 25
$255.5M
$376.4M
Q1 25
$222.3M
$350.5M
Q4 24
$239.6M
$353.5M
Q3 24
$238.3M
$365.1M
Q2 24
$219.7M
$359.7M
Q1 24
$192.6M
$337.1M
Net Profit
TGLS
TGLS
VTOL
VTOL
Q4 25
$26.1M
$18.4M
Q3 25
$47.2M
$51.5M
Q2 25
$44.1M
$31.7M
Q1 25
$42.2M
$27.4M
Q4 24
$47.0M
$31.8M
Q3 24
$49.5M
$28.2M
Q2 24
$35.0M
$28.2M
Q1 24
$29.7M
$6.6M
Gross Margin
TGLS
TGLS
VTOL
VTOL
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
VTOL
VTOL
Q4 25
18.3%
8.5%
Q3 25
25.1%
13.1%
Q2 25
24.0%
11.3%
Q1 25
26.7%
9.6%
Q4 24
28.0%
9.0%
Q3 24
28.4%
9.1%
Q2 24
23.3%
12.4%
Q1 24
21.3%
6.8%
Net Margin
TGLS
TGLS
VTOL
VTOL
Q4 25
10.6%
4.9%
Q3 25
18.1%
13.3%
Q2 25
17.3%
8.4%
Q1 25
19.0%
7.8%
Q4 24
19.6%
9.0%
Q3 24
20.8%
7.7%
Q2 24
15.9%
7.8%
Q1 24
15.4%
2.0%
EPS (diluted)
TGLS
TGLS
VTOL
VTOL
Q4 25
$0.57
$0.61
Q3 25
$1.01
$1.72
Q2 25
$0.94
$1.07
Q1 25
$0.90
$0.92
Q4 24
$1.00
$1.07
Q3 24
$1.05
$0.95
Q2 24
$0.75
$0.96
Q1 24
$0.63
$0.23

Balance Sheet & Financial Strength

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

Metric
TGLS
TGLS
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$104.1M
$286.2M
Total DebtLower is stronger
$174.4M
$671.5M
Stockholders' EquityBook value
$713.1M
$1.1B
Total Assets
$1.3B
$2.3B
Debt / EquityLower = less leverage
0.24×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TGLS
TGLS
VTOL
VTOL
Q4 25
$104.1M
$286.2M
Q3 25
$127.1M
$245.5M
Q2 25
$140.9M
$251.8M
Q1 25
$160.2M
$191.1M
Q4 24
$137.5M
$247.5M
Q3 24
$124.8M
$200.3M
Q2 24
$129.5M
$178.6M
Q1 24
$138.8M
$140.6M
Total Debt
TGLS
TGLS
VTOL
VTOL
Q4 25
$174.4M
$671.5M
Q3 25
$114.7M
$675.0M
Q2 25
$110.6M
$705.2M
Q1 25
$110.6M
$701.9M
Q4 24
$111.1M
$689.8M
Q3 24
$126.8M
$629.1M
Q2 24
$144.7M
$594.2M
Q1 24
$160.9M
$544.1M
Stockholders' Equity
TGLS
TGLS
VTOL
VTOL
Q4 25
$713.1M
$1.1B
Q3 25
$764.0M
$1.0B
Q2 25
$736.0M
$984.4M
Q1 25
$685.1M
$931.7M
Q4 24
$631.2M
$891.7M
Q3 24
$613.3M
$899.2M
Q2 24
$574.8M
$849.1M
Q1 24
$573.6M
$820.7M
Total Assets
TGLS
TGLS
VTOL
VTOL
Q4 25
$1.3B
$2.3B
Q3 25
$1.2B
$2.3B
Q2 25
$1.2B
$2.3B
Q1 25
$1.1B
$2.2B
Q4 24
$1.0B
$2.1B
Q3 24
$996.3M
$2.1B
Q2 24
$942.5M
$2.0B
Q1 24
$981.6M
$1.9B
Debt / Equity
TGLS
TGLS
VTOL
VTOL
Q4 25
0.24×
0.63×
Q3 25
0.15×
0.65×
Q2 25
0.15×
0.72×
Q1 25
0.16×
0.75×
Q4 24
0.18×
0.77×
Q3 24
0.21×
0.70×
Q2 24
0.25×
0.70×
Q1 24
0.28×
0.66×

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
VTOL
VTOL
Operating Cash FlowLast quarter
$31.0M
$76.9M
Free Cash FlowOCF − Capex
$11.4M
$47.8M
FCF MarginFCF / Revenue
4.7%
12.7%
Capex IntensityCapex / Revenue
8.0%
7.7%
Cash ConversionOCF / Net Profit
1.19×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$34.5M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TGLS
TGLS
VTOL
VTOL
Q4 25
$31.0M
$76.9M
Q3 25
$40.0M
$23.1M
Q2 25
$17.9M
$99.0M
Q1 25
$46.9M
$-603.0K
Q4 24
$61.1M
$51.1M
Q3 24
$41.5M
$66.0M
Q2 24
$34.5M
$33.7M
Q1 24
$33.4M
$26.7M
Free Cash Flow
TGLS
TGLS
VTOL
VTOL
Q4 25
$11.4M
$47.8M
Q3 25
$21.2M
$-6.2M
Q2 25
$-14.7M
$67.4M
Q1 25
$16.5M
$-52.7M
Q4 24
$35.4M
$-32.4M
Q3 24
$17.8M
$9.0M
Q2 24
$14.2M
$-16.7M
Q1 24
$23.6M
$-37.9M
FCF Margin
TGLS
TGLS
VTOL
VTOL
Q4 25
4.7%
12.7%
Q3 25
8.2%
-1.6%
Q2 25
-5.7%
17.9%
Q1 25
7.4%
-15.0%
Q4 24
14.8%
-9.2%
Q3 24
7.5%
2.5%
Q2 24
6.5%
-4.6%
Q1 24
12.2%
-11.2%
Capex Intensity
TGLS
TGLS
VTOL
VTOL
Q4 25
8.0%
7.7%
Q3 25
7.2%
7.6%
Q2 25
12.7%
8.4%
Q1 25
13.7%
14.9%
Q4 24
10.7%
23.6%
Q3 24
9.9%
15.6%
Q2 24
9.2%
14.0%
Q1 24
5.1%
19.2%
Cash Conversion
TGLS
TGLS
VTOL
VTOL
Q4 25
1.19×
4.17×
Q3 25
0.85×
0.45×
Q2 25
0.41×
3.12×
Q1 25
1.11×
-0.02×
Q4 24
1.30×
1.61×
Q3 24
0.84×
2.34×
Q2 24
0.98×
1.20×
Q1 24
1.13×
4.04×

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%

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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