Loading…
← CockpitCompetitor Analysis › TGLS Tecnoglass Holdings Inc.Open in the cockpit ↗

Tecnoglass Holdings Inc.TGLSCompetitor analysis, valuation and peers

United States · USD·Industrials›Building Products

Manufactures architectural glass, windows and aluminum products for high-rise and residential construction, mainly in the US and Latin America.

Momentum strong 78
Mkt cap
$1.95B
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$14.0M
20-day average traded
Fwd P/E
13.8×
forward earnings
ROIC−WACC
+5.5 pp
WACC 10.7%
Hurdle
n/a
no reverse DCF
Next earnings
118 days
4 Mar 2027
Close · USD$43.94
1D-2.6%
1W+14.1%
1M+16.1%
3M+6.1%
6M+10.4%
YTD-12.7%
1Y-21.5%
ATR %3.8%
Beta0.86
52w lowhigh20.3% off high

What Tecnoglass does

Manufactures architectural glass, windows and aluminum products for high-rise and residential construction, mainly in the US and Latin America.

Makes glass and aluminum products in Barranquilla, Colombia, and ships them mostly to the US, where hurricane-code windows for Florida buildings are the main business, for new construction and large projects. The founding Daes family owns a large part of the company.

Products and services

  • Impact-resistant windows/glass
  • Architectural glass systems
  • Aluminum extrusion products

Customers

  • Homebuilders/developers in Florida and Latin Ameri
  • General contractors

Where it sits in the supply chain

  • Industrials
  • Building Products
  • Architectural glass and windows

What could go right

  • Florida/Sun Belt construction demand
  • Vertical integration cost advantages

What could go wrong

  • US housing and construction cyclicality
  • Concentration in Florida/hurricane-prone markets

Moat: narrow (scale, cost advantage, distribution). Vertically integrated Colombia-based manufacturing gives a cost advantage serving the US Sun Belt hurricane-code market.

Headquarters: Barranquilla, Colombia · Founded: 1984 · Employees: 9,601

Named competitors

  • Cornerstone Building Brands private or unlisted
  • PGT Innovations (MITER Brands) private or unlisted

Tecnoglass at a glance

Size Tecnoglass (TGLS) is a United States Industrials company (Building Products) with a market value of $1.95B, the 1811th largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.94 on 6 Nov 2026.

Performance Over six months the shares gained 10.4%, against -4.1% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 9.9% over the last twelve months (peer median +2.8%); the operating margin is 18.1% (peer median 9.2%).

Valuation It trades at 13.8× forward earnings against a peer median of 15.1× (8th cheapest of 19).

Capital Return on invested capital runs 5.5 points above its cost of capital (10.7% WACC).

Backlog Backlog (remaining performance obligations) was $884M at 30 Jun 2026, up 8% on a year earlier — 0.8 years of trailing revenue. Backlog detail →

Short interest Short interest is 5.2% of the free float (15 Oct 2026).

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026TGLS 114Peer median 95
Six months, rebased to 100: Tecnoglass against the median of its 20 peers (local-currency closes).

Tecnoglass financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.05B$984M$890M$833M$717M
Revenue growth—+10%+7%+16%—
Gross profit$407M$414M$375M$387M$346M
EBITDA$232M$258M$251M$284M$247M
Net income$130M$160M$161M$183M$156M
Free cash flow-$6.62M$43.4M$93.7M$63.1M$70.6M
Capital expenditure$91.0M$101M$79.6M$78.0M$71.3M
Total debt$225M$172M$109M$170M$169M

Quarterly statements and history in the cockpit →

Tecnoglass competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%KAJARIACER601886017800TILE002545RWC600835CENTURYPLY603992PLPC594779810024685393603366003043ZEHNAPOG600894NXTGLS6-month return →1-month return →
Up and to the right = strong over both horizons. Tecnoglass is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%25×50×75×KAJARIACER601886017800TILE002545RWC600835CENTURYPLY603992PLPC59470024685393003043ZEHN600894TGLSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tecnoglass is the large dot.

Tecnoglass competitors and peer comparison

How Tecnoglass compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tecnoglass against its 20 peers (data as of 6 Nov 2026)
MeasureTGLSPeer medianRank in peer set
1-month return+16.1%-2.5%2nd highest of 21
6-month return+10.4%-4.1%4th highest of 21
Distance from 52-week high-20.3%-25.2%8th highest of 21
Revenue growth (TTM)+9.9%+2.8%8th highest of 21
Operating margin18.1%9.2%2nd highest of 21
Forward P/E13.8×15.1×8th cheapest of 19
ROIC minus cost of capital+5.5 pp+2.7 pp5th highest of 21
EV / EBITDA9.0×9.6×5th cheapest of 13
Net debt / EBITDA0.6×0.4×7th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Tecnoglass TGLSUnited States$1.95B+10%+10%18%13.8×n/an/a
Kajaria Ceramics KAJARIACER.NSIndia$1.96B+7%+14%16%26.1×26.2%+11.7%
Jangho 601886.SSChina$2.01B+26%+14%5%15.0×-0.1%+3.9%
Hyundai Elevator 017800.KSSouth Korea$1.79B-31%-9%9%9.4×-5.5%+6.3%
Interface TILEUnited States$1.78B+4%+7%12%14.5×11.4%+4.7%
Qingdao East Steel Tower Stock 002545.SZChina$2.25B-50%+23%32%8.5×-10.2%+13.0%
Reliance Worldwide RWC.AXAustralia$2.33B+47%-5%12%16.3×9.9%+7.5%
Shanghai Mechanical & Electrical Industry 600835.SSChina$2.34B-27%-2%2%22.5×0.6%-3.8%
Century Plyboards (India) CENTURYPLY.NSIndia$1.50B-20%+26%10%34.4×n/an/a
Xiamen Solex High-Tech Industries 603992.SSChina$1.38B-35%+18%8%29.9×13.5%+5.2%
Preformed Line Products PLPCUnited States$1.28B-24%+16%10%18.8×10.2%+7.5%
Rinnai 5947.TJapan$3.07B-3%+4%10%13.3×-9.5%+6.4%
Takara standard 7981.TJapan$1.20B+2%+2%7%n/a-5.5%+5.7%
STO Express 002468.SZChina$3.40B-8%+26%5%10.2×-12.5%+20.8%
Nichias 5393.TJapan$3.52B-5%+3%15%15.2×7.1%+5.1%
Solareast 603366.SSChina$1.07B+8%0%-2%n/a39.8%+2.9%
Suzhou Huaya Intelligence Technology 003043.SZChina$990M-20%+2%11%78.3×27.6%+22.3%
Zehnder ZEHN.SWSwitzerland$983M+10%+2%8%17.5×2.5%+1.5%
Apogee Enterprises APOGUnited States$956M+25%+3%9%13.6×-0.3%+2.7%
Guangzhou Guangri Stock 600894.SSChina$956M-20%+2%0%9.6×7.2%+1.4%
Quanex Building Products NXUnited States$949M+2%+1%6%10.7×6.0%+16.6%

Tecnoglass backlog

Tecnoglass reported $884M of remaining performance obligations at 30 Jun 2026, up 8% from a year earlier and up 1% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.

Questions

Who are Tecnoglass's main competitors?
Named competitors: Cornerstone Building Brands (private or unlisted), PGT Innovations (MITER Brands) (private or unlisted). The cockpit's measured peer set (industry) also includes Kajaria Ceramics (KAJARIACER.NS), Jangho (601886.SS), Hyundai Elevator (017800.KS), Interface (TILE), Qingdao East Steel Tower Stock (002545.SZ), Reliance Worldwide (RWC.AX).
Is Tecnoglass expensive compared with its peers?
On forward p/e it trades at 13.8× against a peer median of 15.1×, 8th cheapest of 19 in its peer set.
How has Tecnoglass stock performed?
Over six months to 6 Nov 2026 the shares returned +10.4% against -4.1% for the median peer; over one year -21.5%.
What is Tecnoglass's backlog?
Tecnoglass's remaining performance obligations (contracted revenue not yet recognised) were $884M at 30 Jun 2026, +8% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.