Tecnoglass Inc. manufactures, supplies, and installs architectural glass, windows, and aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also provides aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products under the Alutions brand name. In addition, the company offers curtain wall/floating facades, stick facade systems, windows and doors, interior dividers and commercial display windows, and hurricane-proof windows; StormArmour, that are attachment for sliding doors, and other products, such as awnings, structures, and automatic doors; and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, Alutions, Energia Solar S.A, ES, ES Imagine Extraordinary, Eswindows, Tecnobend, Tecnoair, Tecnosmart, ECOMAX by ESWINDOWS, ESWINDOWS Interiors, ESW Windows and Walls, Solartec by Tecnoglass, Solar Windows, Componenti, ES Metals, and E-skin, Prestige by ESWINDOWS, Eli by ESWINDOWS, Alessia by ESWINDOWS, Elite Line by ESWindows, ULTRAVIEW by Tecnoglass, and MULTIMAX by ESWIDOWS brand names through internal and independent sales representatives, as well as directly to distributors. It serves developers, general contractors or installers for hotels, office buildings, shopping centers, airports, universities, hospitals, and multifamily and residential buildings. Tecnoglass Inc. was founded in 1983 and is based in Miami, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $984M | $278M | $160M | $34M | 22.4% | 10.5% | -1.1% |
| 2024 | $890M | $258M | $161M | $91M | 25.6% | 6.8% | -11.8% |
| 2023 | $833M | $291M | $183M | $61M | 33.4% | 16.3% | 17.4% |
| 2022 | $717M | $259M | $156M | $71M | 44.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 716.57 | 833.26 | 890.18 | 983.61 |
| Operating Revenue | - | 716.57 | 833.26 | 890.18 | 983.61 |
| Cost Of Revenue | - | 367.07 | 442.33 | 510.21 | 562.20 |
| Gross Profit | - | 349.50 | 390.93 | 379.97 | 421.41 |
| Operating Expense | - | 116.87 | 127 | 148.33 | 185.50 |
| Selling General And Administration | - | 111.79 | 118.85 | 139.44 | 156.82 |
| Total Expenses | - | 483.94 | 569.34 | 658.54 | 747.70 |
| Operating Income | - | 232.63 | 263.93 | 231.64 | 235.91 |
| Total Operating Income As Reported | - | 226.42 | 259.76 | 227 | 230.74 |
| EBITDA | - | 259.01 | 291.23 | 257.85 | 278.02 |
| Normalized EBITDA | - | 260.40 | 290.54 | 263.51 | 272.19 |
| EBIT | - | 239.33 | 269.35 | 231.38 | 241.26 |
| Interest Expense | - | 8.16 | 7.94 | 6.22 | 5.96 |
| Net Interest Income | - | -10.97 | -13.35 | -12.07 | -12.07 |
| Other Non Operating Income Expenses | - | 4.22 | 5.13 | 5.86 | 3.13 |
| Other Income Expense | - | 9.51 | 10.83 | 5.59 | 11.45 |
| Interest Expense Non Operating | - | 8.16 | 7.94 | 6.22 | 5.96 |
| Net Non Operating Interest Income Expense | - | -10.97 | -13.35 | -12.07 | -12.07 |
| Pretax Income | - | 231.17 | 261.41 | 225.16 | 235.29 |
| Tax Provision | - | 74.76 | 77.90 | 63.85 | 75.73 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.45 | 0.20 | -1.61 | 1.88 |
| Net Income Continuous Operations | - | 156.41 | 183.51 | 161.31 | 159.57 |
| Net Income From Continuing And Discontinued Operation | - | 155.74 | 182.88 | 161.31 | 159.57 |
| Net Income From Continuing Operation Net Minority Interest | - | 155.74 | 182.88 | 161.31 | 159.57 |
| Net Income | - | 155.74 | 182.88 | 161.31 | 159.57 |
| Net Income Common Stockholders | - | 155.74 | 182.88 | 161.31 | 159.57 |
| Net Income Including Noncontrolling Interests | - | 156.41 | 183.51 | 161.31 | 159.57 |
| Normalized Income | - | 156.68 | 182.40 | 165.37 | 155.61 |
| Diluted NI Availto Com Stockholders | - | 155.74 | 182.88 | 161.31 | 159.57 |
| Basic Average Shares | - | 47.67 | 47.51 | 47 | 46.68 |
| Diluted Average Shares | - | 47.67 | 47.51 | 47 | 46.68 |
| Reconciled Depreciation | - | 19.69 | 21.88 | 26.47 | 36.76 |
| Reconciled Cost Of Revenue | - | 350.43 | 424.28 | 488.36 | 533.31 |
| Total Unusual Items | - | -1.39 | 0.69 | -5.66 | 5.83 |
| Total Unusual Items Excluding Goodwill | - | -1.39 | 0.69 | -5.66 | 5.83 |
| Minority Interests | - | -0.67 | -0.63 | 0 | 0 |
| Special Income Charges | - | -3.40 | 0 | 0 | -1.38 |
| Other Special Charges | 10.70 | 3.40 | - | - | 1.38 |
| Gain On Sale Of Security | - | 2.01 | 0.69 | -5.66 | 7.21 |
| Depreciation Amortization Depletion Income Statement | - | 3.04 | 3.83 | 4.62 | 7.87 |
| Depreciation And Amortization In Income Statement | - | 3.04 | 3.83 | 4.62 | 7.87 |
| General And Administrative Expense | - | 52.08 | 64.33 | 75.11 | 91.94 |
| Other Gand A | - | 28.18 | 35.92 | 41.03 | 45.67 |
| Salaries And Wages | - | 19.76 | 24.52 | 29.67 | 40.66 |
| Insurance And Claims | - | 2.88 | 3.33 | 3.93 | 4.76 |
| Rent Expense Supplemental | - | 1.27 | 0.56 | 0.48 | 0.84 |
| Total Other Finance Cost | - | 2.81 | 5.41 | 5.85 | 6.11 |
| Other Operating Expenses | - | - | - | - | -5.64 |
| Provision For Doubtful Accounts | - | 0.64 | 2.81 | 0.86 | 2.61 |
| Selling And Marketing Expense | - | 59.71 | 54.52 | 64.33 | 64.88 |
| Rent And Landing Fees | - | 1.27 | 0.56 | 0.48 | 0.84 |
| Earnings From Equity Interest | - | 6.68 | 5.01 | 5.40 | 2.49 |
| Other Taxes | - | 1.39 | 1.52 | 3.42 | 23.84 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tecnoglass Inc.this co. | TGLS | $1.9B | 11.88 | 2.66 | 22.4% | 7.07 |
| Worthington Steel, Inc. | WS | $2.2B | 19.64 | 2.02 | 10.3% | 10.69 |
| Ivanhoe Electric Inc. | IE | $2.1B | -20.12 | 5.12 | -25.4% | -16.90 |
| Innospec Inc. | IOSP | $2.0B | 17.04 | 1.50 | 8.8% | 8.74 |
| Critical Metals Corp. | CRML | $1.6B | - | - |
| - |
| - |
| - |
| - |
| 1259.7% |
| - |
| Sylvamo Corporation | SLVM | $1.5B | 11.65 | 1.59 | 13.7% | 5.33 |
| FMC Corporation | FMC | $1.5B | -0.68 | 0.74 | -108.1% | -3.49 |
| REX American Resources Corporation | REX | $1.5B | 18.27 | 2.48 | 13.6% | 16.00 |
| Ecovyst Inc. | ECVT | $1.4B | -19.90 | 2.35 | -11.8% | 11.90 |
| Peer Median | - | 11.65 | 2.02 | 9.5% | 8.74 | |