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Tecnoglass Inc.（TGLS）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）财务数据对比。点击上方公司名可切换其他公司
Tecnoglass Inc.的季度营收约是VIRTUS INVESTMENT PARTNERS, INC.的1.2倍（$245.3M vs $199.5M），Tecnoglass Inc.净利率更高（10.6% vs 3.6%，领先7.1%），Tecnoglass Inc.同比增速更快（2.4% vs -4.1%），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% vs -5.7%）
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
TGLS vs VRTS — 直观对比
营收规模更大
TGLS
是对方的1.2倍
$199.5M
营收增速更快
TGLS
高出6.5%
-4.1%
净利率更高
TGLS
高出7.1%
3.6%
两年增速更快
TGLS
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $245.3M | $199.5M |
| 净利润 | $26.1M | $7.1M |
| 毛利率 | 40.0% | — |
| 营业利润率 | 18.3% | 7.7% |
| 净利率 | 10.6% | 3.6% |
| 营收同比 | 2.4% | -4.1% |
| 净利润同比 | -44.5% | -78.1% |
| 每股收益（稀释后） | $0.57 | $1.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TGLSVRTS
| Q1 26 | — | $199.5M | ||
| 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 |
净利润TGLSVRTS
| Q1 26 | — | $7.1M | ||
| 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 |
毛利率TGLSVRTS
| Q1 26 | — | — | ||
| 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% | — |
营业利润率TGLSVRTS
| Q1 26 | — | 7.7% | ||
| 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% |
净利率TGLSVRTS
| Q1 26 | — | 3.6% | ||
| 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% |
每股收益（稀释后）TGLSVRTS
| Q1 26 | — | $1.05 | ||
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $104.1M | $136.6M |
| 总债务越低越好 | $174.4M | — |
| 股东权益账面价值 | $713.1M | $93.6B |
| 总资产 | $1.3B | — |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资TGLSVRTS
| Q1 26 | — | $136.6M | ||
| 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 | — |
总债务TGLSVRTS
| Q1 26 | — | — | ||
| 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 |
股东权益TGLSVRTS
| Q1 26 | — | $93.6B | ||
| 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 |
总资产TGLSVRTS
| Q1 26 | — | — | ||
| 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 |
负债/权益比TGLSVRTS
| Q1 26 | — | — | ||
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $31.0M | — |
| 自由现金流经营现金流 - 资本支出 | $11.4M | — |
| 自由现金流率自由现金流/营收 | 4.7% | — |
| 资本支出强度资本支出/营收 | 8.0% | — |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $34.5M | — |
8季度趋势，按日历期对齐
经营现金流TGLSVRTS
| Q1 26 | — | — | ||
| 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 |
自由现金流TGLSVRTS
| Q1 26 | — | — | ||
| 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 |
自由现金流率TGLSVRTS
| Q1 26 | — | — | ||
| 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% |
资本支出强度TGLSVRTS
| Q1 26 | — | — | ||
| 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% |
现金转化率TGLSVRTS
| Q1 26 | — | — | ||
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
