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Tecnoglass Holdings Inc.

tecnoglass.com

Tecnoglass Inc (NASDAQ: TGLS) is a vertically integrated glass and aluminum products manufacturer that produces, distributes, and installs architectural glass, windows, doors, and facade systems for commercial and residential construction. Revenue comes from transactional product sales to developers, general contractors, and installers across commercial and residential building projects. Tecnoglass manufactures from a main campus in Colombia, selling approximately 94.8% of combined revenues into the United States in FY2025, where it was ranked among the four largest glass fabricators serving the U.S. market by Glass Magazine in 2025. The company sells to approximately 1,000 customers and operates across South, Central, and North America. U.S. residential sales represented 41.0% of total sales for the year ended December 31, 2025. Tecnoglass holds a 25.8% minority ownership interest in Vidrio Andino Holdings S.A.S., a Colombia-based subsidiary of Compagnie de Saint-Gobain S.A., securing raw glass supply. The company has paid regular quarterly dividends since August 2016.

Products & Services

Tempered glass, laminated glass, thermo-acoustic glass, curved glass, silk-screened glass, digital print glass, mill finished and anodized aluminum profiles, vinyl windows, impact-resistant and hurricane-proof windows, sliding doors, swinging doors, floating facades, automatic doors, bathroom dividers, commercial display windows. Residential lines include ES Windows Elite Collection and ES Windows Prestige Collection. Vinyl window manufacturing launched November 2023.

Revenue Model

Transactional product sales of glass, windows, doors, aluminum profiles, vinyl windows, and facade systems to developers, general contractors, and installers. Revenue is generated through manufacturing and installation of commercial and residential construction products sold across approximately 1,000 customers.

Customers & Markets

Approximately 1,000 customers including developers, general contractors, and installers serving hotels, office buildings, shopping centers, airports, universities, hospitals, multi-family buildings, and residential construction. U.S. residential end market represented 41.0% of total sales for year ended December 31, 2025, up from less than 5% for year ended December 31, 2017.

Geographic Exposure

United States accounted for 94.8% of combined revenues in FY2025 and 95.5% in FY2024. Colombia accounted for the remainder. Manufacturing campus based in Colombia. Sales teams operate out of Colombia and the United States targeting South, Central, and North American markets.

Financial Snapshot

Revenue
TTM
$1.050B
Gross Margin
TTM
39.64%
Net Income
TTM
$129.7M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
185.96%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$788.8M
Cash
2026 Q2
P/E
TTM
13.97
Free Cash Flow
TTM
-$8.874M

Stock Price

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Market Cap: $1.8119 Billion

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