15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 21.2% per year over the past 5 years.
Net income has grown faster than revenue (46.2% vs 21.2% per year).
Operating margin has expanded, at 23.5% in the latest year.
Free cash flow has declined 8.4% per year over the past 5 years.
Financial health
Total debt ($174M) exceeds cash ($101M); net debt is $74M.
Total debt has grown slower than revenue (-4.9% vs 21.2% per year).
Operating income covered interest expense 39× in the latest year, up from 3.2× 5 years ago.
Total debt is 0.7× EBITDA.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 17.6% of earnings and 81.5% of free cash flow.
The dividend has grown 49.2% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$984M
$160M
42.8%
23.5%
$34M
$174M
$101M
2024
$890M
$161M
42.7%
25.5%
$91M
$111M
$135M
2023
$833M
$183M
46.9%
31.2%
$61M
$173M
$130M
2022
$717M
$156M
48.8%
31.6%
$71M
$173M
$104M
2021
$497M
$68M
40.8%
23.5%
$66M
$205M
$85M
2020
$377M
$24M
37.0%
17.4%
$53M
$224M
$68M
2019
$431M
$25M
31.5%
13.6%
$712000
$260M
$48M
2018
$371M
$9M
32.4%
12.7%
-$18M
$242M
$33M
2017
$314M
$5M
31.5%
10.9%
$7M
$224M
$41M
2016
$305M
$23M
36.9%
15.7%
-$26M
$233M
$27M
2015
—
-$11M
—
—
—
$150M
$23M
2014
—
$10M
—
—
—
$94M
$19M
2013
—
$24M
—
—
—
$78M
$3M
2013
—
-$15M
—
—
—
—
$9959
2013
—
-$12M
—
—
—
—
$17565
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$249M
$32M
38.5%
18.0%
-$11M
$203M
$91M
Dec '25
$245M
$26M
40.0%
18.3%
$11M
$174M
$101M
Sep '25
$260M
$47M
42.7%
25.1%
$21M
$115M
$124M
Jun '25
$256M
$44M
44.7%
24.0%
-$15M
$111M
$138M
Mar '25
$222M
$42M
43.9%
26.7%
$16M
$111M
$157M
Dec '24
$240M
$47M
44.5%
28.0%
$35M
$111M
$135M
Sep '24
$238M
$50M
45.8%
28.4%
$18M
$127M
$122M
Jun '24
$220M
$35M
40.8%
23.3%
$14M
$145M
$127M
Mar '24
$193M
$30M
38.8%
21.3%
$24M
$161M
$136M
Dec '23
$195M
$36M
42.6%
26.0%
$29M
$173M
$130M
Sep '23
$211M
$46M
43.0%
29.0%
$27M
$173M
$119M
Jun '23
$225M
$52M
48.7%
33.1%
-$22M
$173M
$105M
Mar '23
$203M
$48M
53.2%
36.4%
$28M
$174M
$129M
Dec '22
$211M
$55M
52.2%
36.4%
$25M
$173M
$104M
Sep '22
$202M
$47M
52.2%
34.8%
$9M
$173M
$84M
Jun '22
$169M
$33M
43.5%
26.9%
$19M
$190M
$99M
Mar '22
$135M
$21M
44.8%
25.2%
$18M
$190M
$84M
Dec '21
$132M
$20M
42.9%
25.0%
$5M
$205M
$85M
Sep '21
$132M
$21M
39.2%
22.7%
$19M
$208M
$87M
Jun '21
$122M
$20M
40.4%
23.6%
$19M
$238M
$100M
Valuation over time
How the market has priced TGLS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 11.9× (Mar '23) to 12.3× (Jun '26).
The price-to-sales ratio has fallen from 2.6× (Mar '23) to 2.0× (Jun '26).
The dividend yield has risen from 0.7% (Mar '23) to 1.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is TGLS growing its revenue and profit?
Over the past 5 years, Tecnoglass Inc.'s revenue has grown 21.2% per year, and net income grown 46.2% per year. These are computed facts, not advice.
How much debt does TGLS have?
As of FY2025, Tecnoglass Inc. reported $174M of total debt against $101M of cash; operating income covered interest expense 39×.
What is TGLS's profit margin?
In FY2025, gross margin was 42.8%, operating margin 23.5%, and net margin 16.2%.
What is TGLS's P/E ratio?
As of Jun '26, Tecnoglass Inc. traded at a price-to-earnings ratio of about 12.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.