Tecnoglass (TGLS) financial statements
Tecnoglass reported revenue of $984M in fiscal 2025, up 13.9% a year over 9 years.
Net income was $160M and the operating margin 23.5%, against 15.7% in 2016.
Free cash flow was $34M, and the company returned $28M in dividends.
The diluted share count rose 40% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Tecnoglass's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $305M | $314M | $371M | $431M | $377M | $497M | $717M | $833M | $890M | $984M |
| Cost of revenue | $192M | $215M | $251M | $295M | $237M | $294M | $367M | $442M | $510M | $562M |
| Gross profit | $113M | $99M | $120M | $136M | $139M | $203M | $349M | $391M | $380M | $421M |
| Selling, general and admin | $65M | $65M | $73M | $77M | $74M | $86M | $123M | $131M | $153M | $196M |
| Operating income | $48M | $34M | $47M | $59M | $66M | $117M | $226M | $260M | $227M | $231M |
| Interest expense | $17M | $20M | $21M | $23M | $21M | $8M | $7M | $8M | $6M | $6M |
| Pre-tax income | $39M | $12M | $14M | $37M | $37M | $97M | $231M | $261M | $225M | $235M |
| Income tax | $16M | $6M | $6M | $13M | $13M | $28M | $75M | $78M | $64M | $76M |
| Net income | $23M | $5M | $9M | $25M | $24M | $68M | $156M | $183M | $161M | $160M |
| EPS (diluted) | $0.69 | $0.15 | $0.21 | $0.55 | $0.51 | $1.43 | $3.27 | $3.85 | $3.43 | $3.42 |
| Diluted shares | 33M | 37M | 39M | 44M | 46M | 48M | 48M | 48M | 47M | 47M |
| Gross margin | 36.9% | 31.5% | 32.4% | 31.5% | 37.0% | 40.8% | 48.8% | 46.9% | 42.7% | 42.8% |
| Operating margin | 15.7% | 10.9% | 12.7% | 13.6% | 17.4% | 23.5% | 31.6% | 31.2% | 25.5% | 23.5% |
| Net margin | 7.6% | 1.7% | 2.4% | 5.7% | 6.3% | 13.7% | 21.7% | 21.9% | 18.1% | 16.2% |
Balance sheet
Fiscal years, from Tecnoglass's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $43M | $34M | $50M | $70M | $87M | $106M | $132M | $138M | $104M |
| Receivables | $92M | $110M | $93M | $111M | $89M | $111M | $158M | $166M | $203M | $239M |
| Inventory | $55M | $72M | $92M | $83M | $81M | $85M | $125M | $159M | $140M | $214M |
| Total current assets | $211M | $262M | $293M | $323M | $285M | $326M | $432M | $536M | $560M | $654M |
| Property, plant and equipment | $171M | $169M | $149M | $155M | $152M | $167M | $203M | $325M | $344M | $476M |
| Goodwill | $1M | $23M | $24M | $24M | $24M | $24M | $24M | $24M | $24M | $30M |
| Total assets | $395M | $468M | $490M | $570M | $530M | $592M | $734M | $963M | $1.0B | $1.3B |
| Total current liabilities | $78M | $121M | $123M | $129M | $94M | $155M | $210M | $236M | $266M | $352M |
| Long-term debt | $197M | $221M | $221M | $244M | $223M | $188M | $169M | $163M | $108M | $171M |
| Total liabilities | $281M | $346M | $357M | $382M | $322M | $347M | $384M | $415M | $385M | $547M |
| Shareholders' equity | $114M | $120M | $132M | $187M | $208M | $244M | $349M | $548M | $631M | $713M |
| Net debt | $173M | $183M | $209M | $212M | $157M | $114M | $66M | $40M | -$26M | $71M |
Cash flow
Fiscal years, from Tecnoglass's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | $14M | -$5M | $26M | $72M | $117M | $142M | $139M | $171M | $136M |
| Capital spending | $23M | $7M | $13M | $25M | $18M | $52M | $71M | $78M | $80M | $101M |
| Free cash flow | -$26M | $7M | -$18M | $712,000 | $53M | $66M | $71M | $61M | $91M | $34M |
| Stock-based compensation | $300,000 | $284,000 | — | — | — | — | — | — | — | — |
| Dividends paid | $741,000 | $2M | $3M | $5M | $4M | $5M | $13M | $16M | $20M | $28M |
| Net borrowing | $196M | $21M | $20M | $17M | -$23M | -$28M | -$32M | $196,000 | -$62M | $62M |
| Free cash flow margin | -8.5% | 2.3% | -4.9% | 0.2% | 14.2% | 13.2% | 9.9% | 7.3% | 10.2% | 3.5% |
| Dividends per share | $0.02 | $0.07 | $0.07 | $0.12 | $0.08 | $0.11 | $0.27 | $0.35 | $0.42 | $0.60 |
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Open TGLS in InvestinglyQuestions
What was Tecnoglass's revenue in 2025?
$984M in fiscal 2025, from its 10-K filing.
How much free cash flow does Tecnoglass generate?
$34M in fiscal 2025 (operating cash flow minus capital spending).
From Tecnoglass's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.