Tecnoglass Holdings Inc. TGLS
is a leading vertically integrated manufacturer, supplier and installer of high-end aluminum and vinyl windows and architectural glass
for the global commercial and residential construction markets. Tecnoglass earned the #1 spot on Forbe's list of America's
100 most successful small-cap companies for 2024, and was ranked among the four largest glass fabricators in 2025 by Glass Magazine.
Headquartered Miami, Florida,, the Company maintains its principal manufacturing operations in Colombia and operates out of aproximately
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $983.6M | $890.2M | $833.3M | $716.6M | $496.8M | $376.6M | $430.9M | $371.0M | $314.5M | $305.0M |
| Cost of revenue | $562.2M | $510.2M | $442.3M | $367.1M | $294.2M | $237.2M | $295.1M | $250.8M | $215.3M | $192.4M |
| Gross profit | $421.4M | $380.0M | $390.9M | $349.5M | $202.6M | $139.4M | $135.8M | $120.2M | $99.2M | $112.6M |
| SG&A | $90.9M | $71.7M | $63.1M | $54.1M | $35.8M | $34.7M | $35.1M | $33.6M | $31.0M | $27.8M |
| Total operating expenses | $196.3M | $153.0M | $131.2M | $123.1M | $85.6M | $73.7M | $77.0M | $73.0M | $64.8M | $64.8M |
| Operating income | $230.7M | $227.0M | $259.8M | $226.4M | $117.0M | $65.7M | $58.8M | $47.2M | $34.4M | $47.8M |
| Interest expense | $6.0M | $6.2M | $7.9M | $6.8M | $8.5M | $20.7M | $22.8M | $21.2M | $19.9M | $16.8M |
| Pre-tax income | $235.3M | $225.2M | $261.4M | $231.2M | $96.9M | $36.9M | $37.2M | $14.5M | $11.5M | $39.3M |
| Income tax | $75.7M | $63.8M | $77.9M | $74.8M | $28.5M | $13.0M | $12.9M | $6.0M | $5.8M | $16.1M |
| Net income | $159.6M | $161.3M | $182.9M | $155.7M | $68.2M | $23.9M | $24.5M | $9.0M | $5.4M | $23.2M |
| EPS, basic | 3.42 | 3.43 | 3.85 | 3.27 | 1.43 | 0.51 | 0.55 | 0.22 | 0.16 | 0.71 |
| EPS, diluted | 3.42 | 3.43 | 3.85 | 3.27 | 1.43 | 0.51 | 0.55 | 0.21 | 0.15 | 0.69 |
| Shares, diluted (wtd. avg.) | $46.7M | $47.0M | $47.5M | $47.7M | $47.7M | $46.4M | $44.5M | $39.5M | $37.4M | $33.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $100.9M | $134.9M | $129.5M | $103.7M | $85.0M | $67.7M | $47.9M | $33.0M | $40.9M | $26.9M |
| Short-term investments | $3.1M | $2.6M | $2.9M | $2.0M | $2.0M | $2.4M | $2.3M | $1.2M | $1.7M | $1.5M |
| Receivables | $239.4M | $202.9M | $166.5M | $158.4M | $110.5M | $89.4M | $110.6M | $92.8M | $110.5M | $92.3M |
| Inventory | $213.5M | $139.6M | $159.1M | $125.0M | $85.0M | $81.2M | $82.7M | $91.8M | $71.7M | $55.1M |
| Total current assets | $653.6M | $560.0M | $535.8M | $432.1M | $326.3M | $285.2M | $322.8M | $293.4M | $261.9M | $210.7M |
| Property, plant and equipment | $476.2M | $344.4M | $324.6M | $202.9M | $166.6M | $152.5M | $154.6M | $149.2M | $168.7M | $170.8M |
| Goodwill | $30.1M | $23.6M | $23.6M | $23.6M | $23.6M | $23.6M | $23.6M | $23.6M | $23.1M | $1.3M |
| Other intangibles | $13.0M | $4.4M | $3.5M | $2.7M | $3.3M | $5.1M | $6.7M | $9.0M | $11.5M | $4.6M |
| Total assets | $1.26B | $1.02B | $962.7M | $734.3M | $591.6M | $530.1M | $569.7M | $489.8M | $468.0M | $394.7M |
| Accounts payable | $127.2M | $98.8M | $82.8M | $90.2M | $68.1M | $42.3M | $61.9M | $65.5M | $55.2M | $39.0M |
| Short-term debt | $427.0K | $1.1M | $7.0M | $504.0K | $10.7M | $1.8M | $16.1M | $21.6M | $3.3M | $2.7M |
| Total current liabilities | $351.7M | $265.8M | $235.9M | $209.8M | $155.0M | $94.1M | $129.0M | $122.6M | $121.4M | $78.4M |
| Long-term debt | $171.2M | $108.2M | $163.0M | $169.0M | $188.4M | $222.7M | $243.7M | $220.7M | $221.0M | $196.9M |
| Total liabilities | $547.3M | $385.5M | $414.7M | $384.0M | $346.9M | $321.6M | $382.5M | $356.5M | $346.3M | $281.2M |
| Retained earnings | $670.6M | $538.8M | $400.0M | $234.3M | $91.0M | $29.9M | $16.2M | $10.4M | $22.2M | $26.5M |
| Total equity | $713.1M | $631.2M | $548.0M | $350.3M | $244.7M | $208.5M | $183.1M | $133.2M | $121.7M | $113.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $135.8M | $170.5M | $138.8M | $141.9M | $117.3M | $71.7M | $25.7M | -$5.0M | $14.2M | -$3.1M |
| Depreciation and amortisation | $30.7M | $22.2M | $18.5M | $16.5M | $17.3M | $17.1M | $18.4M | $18.8M | $17.5M | $14.5M |
| Stock-based compensation | — | — | — | — | — | — | — | — | $284.0K | $300.0K |
| Capital expenditure | $101.3M | $79.6M | $78.0M | $71.3M | $51.5M | $18.3M | $25.0M | $13.1M | $7.0M | $22.9M |
| Investing cash flow | -$87.6M | -$77.3M | -$76.0M | -$72.6M | -$50.8M | -$18.1M | -$59.1M | -$18.7M | -$14.9M | -$24.7M |
| Financing cash flow | -$85.5M | -$84.5M | -$42.8M | -$44.8M | -$43.8M | -$33.5M | $48.3M | $17.0M | $14.8M | $31.5M |
| Dividends paid | $28.1M | $19.7M | $16.4M | $12.9M | $5.2M | $3.8M | $5.2M | $2.7M | $2.5M | $741.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-008465.