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Side-by-side financial comparison of Tecnoglass Inc. (TGLS) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $245.3M, roughly 1.4× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -12.9%, a 23.5% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -0.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

TGLS vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.4× larger
WD
$340.0M
$245.3M
TGLS
Growing faster (revenue YoY)
TGLS
TGLS
+2.8% gap
TGLS
2.4%
-0.4%
WD
Higher net margin
TGLS
TGLS
23.5% more per $
TGLS
10.6%
-12.9%
WD
More free cash flow
TGLS
TGLS
$691.5M more FCF
TGLS
$11.4M
$-680.1M
WD
Faster 2-yr revenue CAGR
WD
WD
Annualised
WD
22.1%
12.8%
TGLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TGLS
TGLS
WD
WD
Revenue
$245.3M
$340.0M
Net Profit
$26.1M
$-13.9M
Gross Margin
40.0%
Operating Margin
18.3%
-17.2%
Net Margin
10.6%
-12.9%
Revenue YoY
2.4%
-0.4%
Net Profit YoY
-44.5%
-131.0%
EPS (diluted)
$0.57
$-0.41

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
WD
WD
Q4 25
$245.3M
$340.0M
Q3 25
$260.5M
$337.7M
Q2 25
$255.5M
$319.2M
Q1 25
$222.3M
$237.4M
Q4 24
$239.6M
$341.5M
Q3 24
$238.3M
$292.3M
Q2 24
$219.7M
$270.7M
Q1 24
$192.6M
$228.1M
Net Profit
TGLS
TGLS
WD
WD
Q4 25
$26.1M
$-13.9M
Q3 25
$47.2M
$33.5M
Q2 25
$44.1M
$34.0M
Q1 25
$42.2M
$2.8M
Q4 24
$47.0M
$44.8M
Q3 24
$49.5M
$28.8M
Q2 24
$35.0M
$22.7M
Q1 24
$29.7M
$11.9M
Gross Margin
TGLS
TGLS
WD
WD
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
WD
WD
Q4 25
18.3%
-17.2%
Q3 25
25.1%
13.6%
Q2 25
24.0%
14.5%
Q1 25
26.7%
2.2%
Q4 24
28.0%
15.3%
Q3 24
28.4%
12.8%
Q2 24
23.3%
10.4%
Q1 24
21.3%
6.0%
Net Margin
TGLS
TGLS
WD
WD
Q4 25
10.6%
-12.9%
Q3 25
18.1%
9.9%
Q2 25
17.3%
10.6%
Q1 25
19.0%
1.2%
Q4 24
19.6%
13.1%
Q3 24
20.8%
9.9%
Q2 24
15.9%
8.4%
Q1 24
15.4%
5.2%
EPS (diluted)
TGLS
TGLS
WD
WD
Q4 25
$0.57
$-0.41
Q3 25
$1.01
$0.98
Q2 25
$0.94
$0.99
Q1 25
$0.90
$0.08
Q4 24
$1.00
$1.32
Q3 24
$1.05
$0.85
Q2 24
$0.75
$0.67
Q1 24
$0.63
$0.35

Balance Sheet & Financial Strength

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

Metric
TGLS
TGLS
WD
WD
Cash + ST InvestmentsLiquidity on hand
$104.1M
$299.3M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$713.1M
$1.7B
Total Assets
$1.3B
$5.1B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TGLS
TGLS
WD
WD
Q4 25
$104.1M
$299.3M
Q3 25
$127.1M
$274.8M
Q2 25
$140.9M
$233.7M
Q1 25
$160.2M
$181.0M
Q4 24
$137.5M
$279.3M
Q3 24
$124.8M
$179.8M
Q2 24
$129.5M
$208.1M
Q1 24
$138.8M
$216.5M
Total Debt
TGLS
TGLS
WD
WD
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
WD
WD
Q4 25
$713.1M
$1.7B
Q3 25
$764.0M
$1.8B
Q2 25
$736.0M
$1.8B
Q1 25
$685.1M
$1.7B
Q4 24
$631.2M
$1.7B
Q3 24
$613.3M
$1.7B
Q2 24
$574.8M
$1.7B
Q1 24
$573.6M
$1.7B
Total Assets
TGLS
TGLS
WD
WD
Q4 25
$1.3B
$5.1B
Q3 25
$1.2B
$5.8B
Q2 25
$1.2B
$4.7B
Q1 25
$1.1B
$4.5B
Q4 24
$1.0B
$4.4B
Q3 24
$996.3M
$4.6B
Q2 24
$942.5M
$4.2B
Q1 24
$981.6M
$3.8B
Debt / Equity
TGLS
TGLS
WD
WD
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
WD
WD
Operating Cash FlowLast quarter
$31.0M
$-664.3M
Free Cash FlowOCF − Capex
$11.4M
$-680.1M
FCF MarginFCF / Revenue
4.7%
-200.0%
Capex IntensityCapex / Revenue
8.0%
4.6%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$34.5M
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TGLS
TGLS
WD
WD
Q4 25
$31.0M
$-664.3M
Q3 25
$40.0M
$-948.1M
Q2 25
$17.9M
$-238.5M
Q1 25
$46.9M
$-281.1M
Q4 24
$61.1M
$129.4M
Q3 24
$41.5M
$-202.0M
Q2 24
$34.5M
$-237.8M
Q1 24
$33.4M
$38.4M
Free Cash Flow
TGLS
TGLS
WD
WD
Q4 25
$11.4M
$-680.1M
Q3 25
$21.2M
$-950.4M
Q2 25
$-14.7M
$-241.0M
Q1 25
$16.5M
$-284.7M
Q4 24
$35.4M
$116.4M
Q3 24
$17.8M
$-204.0M
Q2 24
$14.2M
$-241.7M
Q1 24
$23.6M
$35.2M
FCF Margin
TGLS
TGLS
WD
WD
Q4 25
4.7%
-200.0%
Q3 25
8.2%
-281.5%
Q2 25
-5.7%
-75.5%
Q1 25
7.4%
-120.0%
Q4 24
14.8%
34.1%
Q3 24
7.5%
-69.8%
Q2 24
6.5%
-89.3%
Q1 24
12.2%
15.4%
Capex Intensity
TGLS
TGLS
WD
WD
Q4 25
8.0%
4.6%
Q3 25
7.2%
0.7%
Q2 25
12.7%
0.8%
Q1 25
13.7%
1.5%
Q4 24
10.7%
3.8%
Q3 24
9.9%
0.7%
Q2 24
9.2%
1.4%
Q1 24
5.1%
1.4%
Cash Conversion
TGLS
TGLS
WD
WD
Q4 25
1.19×
Q3 25
0.85×
-28.34×
Q2 25
0.41×
-7.02×
Q1 25
1.11×
-102.07×
Q4 24
1.30×
2.89×
Q3 24
0.84×
-7.01×
Q2 24
0.98×
-10.49×
Q1 24
1.13×
3.24×

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%

WD
WD

Segment breakdown not available.

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