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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 | 44.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 232.63 | 263.93 | 231.64 | 235.91 |
| EBITDA | 259.01 | 291.23 | 257.85 | 278.02 |
| EBIT | 239.33 | 269.35 | 231.38 | 241.26 |
| Pretax Income | 231.17 | 261.41 | 225.16 | 235.29 |
| Tax Provision | 74.76 | 77.90 | 63.85 | 75.73 |
| Net Income | 155.74 | 182.88 | 161.31 | 159.57 |
| Net Income Common Stockholders | 155.74 | 182.88 | 161.31 | 159.57 |
| Total Expenses | 483.94 | 569.34 | 658.54 | 747.70 |
| Interest Expense | 8.16 | 7.93 | 6.22 | 5.96 |
| Selling General And Administration | 111.79 | 118.85 | 139.44 | 156.82 |
| Normalized EBITDA | 260.40 | 290.54 | 263.51 | 272.19 |
| Normalized Income | 156.68 | 182.40 | 165.37 | 155.61 |
| Basic EPS | 3.28 | 3.85 | 3.43 | 3.42 |
| Diluted EPS | 3.28 | 3.85 | 3.43 | 3.42 |
| Tax Effect Of Unusual Items | -0.45 | 0.20 | -1.61 | 1.88 |
| Tax Rate For Calcs | 0.32 | 0.30 | 0.28 | 0.32 |
| Total Unusual Items | -1.39 | 0.69 | -5.67 | 5.83 |
| Total Unusual Items Excluding Goodwill | -1.39 | 0.69 | -5.67 | 5.83 |
| Net Income From Continuing Operation Net Minority Interest | 155.74 | 182.88 | 161.31 | 159.57 |
| Reconciled Depreciation | 19.69 | 21.88 | 26.47 | 36.77 |
| Reconciled Cost Of Revenue | 350.43 | 424.28 | 488.36 | 533.31 |
| Net Interest Income | -10.97 | -13.35 | -12.07 | -12.07 |
| Net Income From Continuing And Discontinued Operation | 155.74 | 182.88 | 161.31 | 159.57 |
| Rent Expense Supplemental | 1.27 | 0.56 | 0.48 | 0.84 |
| Total Operating Income As Reported | 226.41 | 259.76 | 227 | 230.74 |
| Diluted Average Shares | 47.67 | 47.51 | 47 | 46.68 |
| Basic Average Shares | 47.67 | 47.51 | 47 | 46.68 |
| Diluted NI Availto Com Stockholders | 155.74 | 182.88 | 161.31 | 159.57 |
| Minority Interests | -0.67 | -0.63 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 156.41 | 183.51 | 161.31 | 159.57 |
| Net Income Continuous Operations | 156.41 | 183.51 | 161.31 | 159.57 |
| Other Income Expense | 9.51 | 10.83 | 5.59 | 11.45 |
| Other Non Operating Income Expenses | 4.22 | 5.13 | 5.86 | 3.13 |
| Special Income Charges | -3.40 | 0 | 0 | -1.38 |
| Other Special Charges | 3.40 | 0 | 0 | 1.38 |
| Earnings From Equity Interest | 6.68 | 5.01 | 5.40 | 2.49 |
| Gain On Sale Of Security | 2.01 | 0.69 | -5.67 | 7.21 |
| Net Non Operating Interest Income Expense | -10.97 | -13.35 | -12.07 | -12.07 |
| Total Other Finance Cost | 2.81 | 5.41 | 5.85 | 6.11 |
| Interest Expense Non Operating | 8.16 | 7.93 | 6.22 | 5.96 |
| Other Operating Expenses | 0 | 0 | 0 | -5.64 |
| Other Taxes | 1.39 | 1.52 | 3.42 | 23.84 |
| Provision For Doubtful Accounts | 0.64 | 2.81 | 0.86 | 2.61 |
| 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 |
| Selling And Marketing Expense | 59.71 | 54.52 | 64.33 | 64.88 |
| General And Administrative Expense | 52.08 | 64.33 | 75.11 | 91.94 |
| Other Gand A | 28.18 | 35.92 | 41.03 | 45.67 |
| Insurance And Claims | 2.88 | 3.33 | 3.93 | 4.76 |
| Rent And Landing Fees | 1.27 | 0.56 | 0.48 | 0.84 |
| Salaries And Wages | 19.75 | 24.52 | 29.67 | 40.66 |
| Operating Revenue | 716.57 | 833.26 | 890.18 | 983.61 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tecnoglass Inc.this co. | TGLS | $2.0B | 12.42↓ discount | 2.66 | 22.4% | 7.59 |
| Ivanhoe Electric Inc. | IE | $1.9B | - | 4.30 | -25.0% | -16.78 |
| Innospec Inc. | IOSP | $1.9B | 16.47 | 1.45 | 8.8% | 8.41 |
| Worthington Steel, Inc. | WS | $1.9B | 17.32 | 1.79 | 10.3% | 9.53 |
| Sylvamo Corporation | SLVM | $1.7B | 12.40 |
| 1.69 |
| 13.7% |
| - |
| Ecovyst Inc. | ECVT | $1.5B | 279.40 | 2.59 | -11.8% | 11.58 |
| Tronox Holdings plc | TROX | $1.5B | - | 1.08 | -32.4% | 17.20 |
| Critical Metals Corp. | CRML | $1.5B | - | 9.60 | - | -25.14 |
| United States Antimony Corporation | UAMY | $1.4B | - | 9.90 | -3.1% | -182.70 |
| Peer Median | - | 16.90 | 2.19 | -3.1% | 8.41 | |