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what it is
Tecnoglass makes windows, glass, and façade systems for homes and commercial buildings, then often installs them too.
how it gets paid
Last year Tecnoglass made $984M in revenue. single-family residential was the main engine at $403.4M, or 41% of sales.
why it's growing
Revenue grew 10.5% last year. For the full year, tecnoglass delivered record revenues of $983.6 million, representing growth of 10.5% versus 2024, but the aforementioned profitability constraints have garnered much.
what just happened
Tecnoglass printed $0.63 EPS, missing the $0.85 consensus even as full-year revenue hit a record.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
50/100 earnings predictability — expect surprises
12.6x trailing p/e — the market's not buying it — or you found a deal
1.6% dividend yield — cash in your pocket every quarter
19.5% return on capital — nothing to write home about
xvary composite: 51/100 — below average
What they do
Tecnoglass makes windows, glass, and façade systems for homes and commercial buildings, then often installs them too.
Tecnoglass wins on cost and control. It runs a 6.1 million square foot manufacturing complex in Colombia and still gets 96% of revenue from the U.S., which means you get lower-cost production aimed at the richest construction market nearby. Operating margin was 27.0% and return on capital was 19.5%, which is finance-speak for turning factory dollars into real profit better than most building-product peers.
How they make money
$984M
annual revenue · their business grew +10.5% last year
single-family residential
$403.4M
+10.5%
commercial projects
$334.4M
+2.4%
multifamily residential
$177.0M
+10.5%
installation and other
$68.8M
+10.5%
The products that matter
manufactures and installs facade systems
Architectural glass and window systems
$983.6M revenue · effectively the whole business
this is the entire $983.6M revenue story in the snapshot data. That focus helps when demand is healthy, and it leaves you fully exposed when construction customers slow down or costs move against you.
100% of revenue
Key numbers
27.0%
operating margin
Operating margin → profit left after running the business → so what: Tecnoglass keeps $27 on every $100 of sales before interest and taxes.
19.5%
return on capital
Return on capital → profit generated from the money tied up in the business → so what: this factory base is producing strong returns.
96%
u.s. revenue
Geographic concentration → where the money comes from → so what: one market drives almost everything.
12.6x
trailing p/e
P/E → how many dollars you pay for one dollar of profit → so what: this is priced cheaper than many profitable industrial names.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 15 / 100
- long-term debt $171M (8% of capital)
- net profit margin 14.8% — keeps 15 cents of every dollar in revenue
- return on equity 22% — $0.22 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in TGLS 3 years ago → it's now worth $11,600.
The index would have given you $14,540.
source: institutional data · total return
What just happened
missed estimates
Tecnoglass printed $0.63 EPS, missing the $0.85 consensus even as full-year revenue hit a record.
Full-year revenue rose 10.5% to $983.6M, and fourth-quarter revenue increased 2.4% to $245.3M. The problem was profit expectations moved faster than the actual print.
$245.3M
revenue
$0.63
eps
43.8%
gross margin
the number that mattered
The 25.88% EPS miss mattered most because cheap stocks stay cheap when estimates keep getting cut.
-
tecnoglass reported mixed fourth-quarter results.
-
revenues rose a better-than-expected 2.4% vs. prior year, to $245.3 million, with much of the upside coming from strength in the company’s multi-family and commercial end markets.however, adjusted earnings of $0.63 a share were well below the $0.86 that wall street analysts had been targeting on average, largely reflecting greater-than-anticipated margin pressures tied to higher aluminum costs, tariff impacts, and foreign exchange headwinds.
-
for the full year, tecnoglass delivered record revenues of $983.6 million, representing growth of 10.5% versus 2024, but the aforementioned profitability constraints have garnered much of the recent attention.
-
we expect more of the same in 2026.
-
leadership is forecasting revenues in the range of $1.06 billion-$1.13 billion this year, implying annual improvement of 11% at the midpoint.
source: company earnings report, 2026
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What could go wrong
the #1 risk is margin compression from aluminum costs, tariffs, and foreign exchange.
med
input costs are already in the numbers
adjusted fourth-quarter EPS landed at $0.63 versus a $0.86 consensus target. That gap is what raw materials, tariffs, and currency pressure look like when they show up in public.
if those pressures persist, the market will keep treating 12.6x earnings as fair, not cheap.
med
all $983.6M of snapshot revenue comes from one construction-linked business
there is no separate software segment, healthcare unit, or hidden subscription engine here. If commercial and residential construction soften, you feel it across the whole income statement.
this is a focused business, which also means 100% of revenue is tied to the same end-market cycle.
med
guidance needs to be matched by margins, not just sales
management is guiding to $1.06B–$1.13B of revenue in 2026. That sounds good. The problem is that investors just watched record revenue coexist with a profit miss.
if revenue grows and profitability still disappoints, the stock can stay cheap for a long time.
a margin squeeze in a one-business company hits harder. All $983.6M of revenue in this snapshot is exposed to the same construction and input-cost cycle.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
the next quarter's margin line
revenue growth already exists. The real tell is whether the next report shows margin recovery after the $0.63 versus $0.86 EPS disappointment.
metric
aluminum, tariffs, and fx
management already told you what hurt the quarter. Watch those three variables if you want to know whether profitability can normalize.
trend
2026 revenue guide credibility
the $1.06B–$1.13B target implies another growth year. The street now wants proof, not a spreadsheet.
risk
institutional conviction
65 buyers versus 81 sellers in 4q2025 is not panic, but it is not sponsorship either. You want to see that balance improve.
Analyst rankings
short-term outlook
below average
momentum score 4 — in human-speak, analysts think the next 6–12 months could stay choppy.
risk profile
average
stability score 3 — the balance sheet is fine, but the stock is not pretending to be a bunker.
chart momentum
average
technical score 3 — there is no obvious momentum tailwind right now.
earnings predictability
50 / 100
earnings predictability at 50 / 100 means estimates deserve a seat belt.
source: institutional data
Institutional activity
65 buyers vs. 81 sellers in 4q2025. total institutional holdings: 23.0M shares.
source: institutional data
Price targets
3-5 year target range
$39
$105
$45
current price
$72
target midpoint · +60% from current · 3-5yr high: $90 (+100% · 20% ann'l return)
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