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Side-by-side financial comparison of Tecnoglass Inc. (TGLS) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.

Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $245.3M, roughly 1.6× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 1.7%, a 9.0% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 2.4%). Zeta Global Holdings Corp. produced more free cash flow last quarter ($60.9M vs $11.4M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.

Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.

TGLS vs ZETA — Head-to-Head

Bigger by revenue
ZETA
ZETA
1.6× larger
ZETA
$394.6M
$245.3M
TGLS
Growing faster (revenue YoY)
ZETA
ZETA
+23.0% gap
ZETA
25.4%
2.4%
TGLS
Higher net margin
TGLS
TGLS
9.0% more per $
TGLS
10.6%
1.7%
ZETA
More free cash flow
ZETA
ZETA
$49.4M more FCF
ZETA
$60.9M
$11.4M
TGLS
Faster 2-yr revenue CAGR
ZETA
ZETA
Annualised
ZETA
42.3%
12.8%
TGLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TGLS
TGLS
ZETA
ZETA
Revenue
$245.3M
$394.6M
Net Profit
$26.1M
$6.5M
Gross Margin
40.0%
59.5%
Operating Margin
18.3%
4.5%
Net Margin
10.6%
1.7%
Revenue YoY
2.4%
25.4%
Net Profit YoY
-44.5%
-57.1%
EPS (diluted)
$0.57
$0.04

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
ZETA
ZETA
Q4 25
$245.3M
$394.6M
Q3 25
$260.5M
$337.2M
Q2 25
$255.5M
$308.4M
Q1 25
$222.3M
$264.4M
Q4 24
$239.6M
$314.7M
Q3 24
$238.3M
$268.3M
Q2 24
$219.7M
$227.8M
Q1 24
$192.6M
$194.9M
Net Profit
TGLS
TGLS
ZETA
ZETA
Q4 25
$26.1M
$6.5M
Q3 25
$47.2M
$-3.6M
Q2 25
$44.1M
$-12.8M
Q1 25
$42.2M
$-21.6M
Q4 24
$47.0M
$15.2M
Q3 24
$49.5M
$-17.4M
Q2 24
$35.0M
$-28.1M
Q1 24
$29.7M
$-39.6M
Gross Margin
TGLS
TGLS
ZETA
ZETA
Q4 25
40.0%
59.5%
Q3 25
42.7%
60.5%
Q2 25
44.7%
62.1%
Q1 25
43.9%
60.9%
Q4 24
44.5%
60.0%
Q3 24
45.8%
60.6%
Q2 24
40.8%
60.0%
Q1 24
38.8%
60.6%
Operating Margin
TGLS
TGLS
ZETA
ZETA
Q4 25
18.3%
4.5%
Q3 25
25.1%
2.6%
Q2 25
24.0%
-1.7%
Q1 25
26.7%
-6.1%
Q4 24
28.0%
2.2%
Q3 24
28.4%
-4.6%
Q2 24
23.3%
-11.7%
Q1 24
21.3%
-18.4%
Net Margin
TGLS
TGLS
ZETA
ZETA
Q4 25
10.6%
1.7%
Q3 25
18.1%
-1.1%
Q2 25
17.3%
-4.2%
Q1 25
19.0%
-8.2%
Q4 24
19.6%
4.8%
Q3 24
20.8%
-6.5%
Q2 24
15.9%
-12.3%
Q1 24
15.4%
-20.3%
EPS (diluted)
TGLS
TGLS
ZETA
ZETA
Q4 25
$0.57
$0.04
Q3 25
$1.01
$-0.02
Q2 25
$0.94
$-0.06
Q1 25
$0.90
$-0.10
Q4 24
$1.00
$0.10
Q3 24
$1.05
$-0.09
Q2 24
$0.75
$-0.16
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
ZETA
ZETA
Cash + ST InvestmentsLiquidity on hand
$104.1M
$319.8M
Total DebtLower is stronger
$174.4M
$197.1M
Stockholders' EquityBook value
$713.1M
$804.6M
Total Assets
$1.3B
$1.5B
Debt / EquityLower = less leverage
0.24×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TGLS
TGLS
ZETA
ZETA
Q4 25
$104.1M
$319.8M
Q3 25
$127.1M
$385.2M
Q2 25
$140.9M
$365.3M
Q1 25
$160.2M
$364.4M
Q4 24
$137.5M
$366.2M
Q3 24
$124.8M
$418.5M
Q2 24
$129.5M
$154.7M
Q1 24
$138.8M
$141.6M
Total Debt
TGLS
TGLS
ZETA
ZETA
Q4 25
$174.4M
$197.1M
Q3 25
$114.7M
$196.9M
Q2 25
$110.6M
$196.7M
Q1 25
$110.6M
$196.5M
Q4 24
$111.1M
$196.3M
Q3 24
$126.8M
$196.1M
Q2 24
$144.7M
$184.4M
Q1 24
$160.9M
$184.2M
Stockholders' Equity
TGLS
TGLS
ZETA
ZETA
Q4 25
$713.1M
$804.6M
Q3 25
$764.0M
$689.2M
Q2 25
$736.0M
$673.3M
Q1 25
$685.1M
$676.6M
Q4 24
$631.2M
$676.8M
Q3 24
$613.3M
$474.9M
Q2 24
$574.8M
$217.0M
Q1 24
$573.6M
$191.6M
Total Assets
TGLS
TGLS
ZETA
ZETA
Q4 25
$1.3B
$1.5B
Q3 25
$1.2B
$1.2B
Q2 25
$1.2B
$1.1B
Q1 25
$1.1B
$1.1B
Q4 24
$1.0B
$1.1B
Q3 24
$996.3M
$869.1M
Q2 24
$942.5M
$583.9M
Q1 24
$981.6M
$550.3M
Debt / Equity
TGLS
TGLS
ZETA
ZETA
Q4 25
0.24×
0.24×
Q3 25
0.15×
0.29×
Q2 25
0.15×
0.29×
Q1 25
0.16×
0.29×
Q4 24
0.18×
0.29×
Q3 24
0.21×
0.41×
Q2 24
0.25×
0.85×
Q1 24
0.28×
0.96×

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
ZETA
ZETA
Operating Cash FlowLast quarter
$31.0M
$64.1M
Free Cash FlowOCF − Capex
$11.4M
$60.9M
FCF MarginFCF / Revenue
4.7%
15.4%
Capex IntensityCapex / Revenue
8.0%
0.8%
Cash ConversionOCF / Net Profit
1.19×
9.81×
TTM Free Cash FlowTrailing 4 quarters
$34.5M
$185.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TGLS
TGLS
ZETA
ZETA
Q4 25
$31.0M
$64.1M
Q3 25
$40.0M
$57.9M
Q2 25
$17.9M
$42.0M
Q1 25
$46.9M
$34.8M
Q4 24
$61.1M
$43.7M
Q3 24
$41.5M
$34.4M
Q2 24
$34.5M
$31.1M
Q1 24
$33.4M
$24.7M
Free Cash Flow
TGLS
TGLS
ZETA
ZETA
Q4 25
$11.4M
$60.9M
Q3 25
$21.2M
$52.4M
Q2 25
$-14.7M
$39.7M
Q1 25
$16.5M
$32.1M
Q4 24
$35.4M
$35.4M
Q3 24
$17.8M
$29.5M
Q2 24
$14.2M
$24.4M
Q1 24
$23.6M
$18.9M
FCF Margin
TGLS
TGLS
ZETA
ZETA
Q4 25
4.7%
15.4%
Q3 25
8.2%
15.6%
Q2 25
-5.7%
12.9%
Q1 25
7.4%
12.1%
Q4 24
14.8%
11.3%
Q3 24
7.5%
11.0%
Q2 24
6.5%
10.7%
Q1 24
12.2%
9.7%
Capex Intensity
TGLS
TGLS
ZETA
ZETA
Q4 25
8.0%
0.8%
Q3 25
7.2%
1.6%
Q2 25
12.7%
0.8%
Q1 25
13.7%
1.0%
Q4 24
10.7%
2.6%
Q3 24
9.9%
1.8%
Q2 24
9.2%
3.0%
Q1 24
5.1%
3.0%
Cash Conversion
TGLS
TGLS
ZETA
ZETA
Q4 25
1.19×
9.81×
Q3 25
0.85×
Q2 25
0.41×
Q1 25
1.11×
Q4 24
1.30×
2.87×
Q3 24
0.84×
Q2 24
0.98×
Q1 24
1.13×

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%

ZETA
ZETA

Segment breakdown not available.

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