TGLSNYSEFlat GlassUS GAAP · USD

Tecnoglass Holdings Inc.

Tecnoglass Holdings Inc. is a Cayman Islands-incorporated manufacturer, distributor and installer of high-specification aluminum and vinyl windows, architectural glass and related building systems. The company operates a vertically integrated platform with principal manufacturing in Colombia, U.S. operations and customers across the Americas, serving commercial and residential construction markets.

Liikevaihto984milj. USD
+10,5 %v/v
Liikevoitto (EBIT)231milj. USD
+1,6 %v/v
EBIT-marginaali23,5%
−2,0 %-yks.v/v
Nettotulos160milj. USD
−1,1 %v/v
Vapaa kassavirta34,5milj. USD
−62,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

02004006008001 000milj. USD2020: 377 milj. USD2020: EBIT 66 milj. USD20202021: 497 milj. USD2021: EBIT 117 milj. USD20212022: 717 milj. USD2022: EBIT 226 milj. USD20222023: 833 milj. USD2023: EBIT 260 milj. USD20232024: 890 milj. USD2024: EBIT 227 milj. USD20242025: 984 milj. USD2025: EBIT 231 milj. USD2025984231
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Single-family residential41 %

Vinyl and aluminum windows supplied for detached and single-family housing projects.

Multi-family and commercial39 %

Windows, curtain-wall systems and architectural glass for commercial and multi-family buildings.

Architectural glass and glazing12 %

Fabricated glass, glazing solutions and installation services for complex building projects.

Aluminum profiles and façades8 %

Custom aluminum extrusions, architectural façades and related building components.

Tuotteet

Raportoitu · osuus liikevaihdosta
59,0%41,0%FY2025100 %
  • Commercial59,0 %
  • Residential41,0 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Tecnoglass sells to developers, general contractors, distributors, installers and glazing companies involved in residential and commercial construction. End markets include single-family and multi-family housing, hotels, offices, shopping centers, airports, universities, hospitals and cruise terminals. Customers use the company for engineered, high-specification products, coordinated delivery and installation, shorter lead times and project-specific design support.

Single-family residential builders

Purchase vinyl and aluminum window systems for new-home construction and replacement programs.

Multi-family developers

Buy standardized and customized window packages for apartments and other multi-unit properties.

Commercial developers and contractors

Source architectural glass, curtain walls, façades and windows for offices, hotels and institutional buildings.

Glazing installers and distributors

Purchase fabricated glass and window products for resale, installation and project fulfillment.

Architects and project specifiers

Influence product selection through design, engineering and performance specifications.

Strategia

Tecnoglass is expanding a vertically integrated model that combines Colombian manufacturing with U.S. distribution, glazing and architectural glass capabilities. Priorities include automating production and warehouses, increasing aluminum and glass capacity, expanding U.S. manufacturing potential and using acquisitions such as Continental Glass Systems to broaden customer reach. These initiatives are intended to improve lead times, reduce material damage, deepen supply-chain control and support geographic penetration.

Production and warehouse automationKeskipitkä aikaväli

Automation can increase throughput, reduce damage and shorten project lead times.

U.S. manufacturing expansionKeskipitkä aikaväli

Domestic capacity could improve responsiveness and reduce dependence on cross-border manufacturing.

Vertical integration and acquisitionsLyhyt aikaväli

Owning distribution, installation and fabrication capabilities supports service breadth and supply-chain control.

Geographic market expansionKeskipitkä aikaväli

Penetrating additional U.S. population centers reduces reliance on the Florida construction market.

Maantiede

Q1/2026

The United States accounts for approximately 96% of revenue, with particularly strong exposure to Florida and expanding activity in other populated U.S. markets. Principal manufacturing operations are located in Colombia, while U.S. facilities support distribution, glazing, architectural glass and customer access. The company serves North, Central and South America, the Caribbean and the Pacific through an approximately 6.5 million square foot integrated footprint. The Colombia-U.S. operating structure provides manufacturing scale but also creates exposure to cross-border trade, currency, political and logistics conditions.

USA97 %
Colombia3,1 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business is exposed to construction cycles, competitive pricing and project timing because most revenue comes from residential and commercial building activity. Its Colombia-centered manufacturing model and U.S.-concentrated customer base create sensitivity to tariffs, logistics, currency movements and political or economic tensions between Colombia and the United States. Execution risks from automation, acquisitions and geographic expansion could also affect service quality, capacity utilization and returns on invested capital.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Construction-market cyclicality1Competitive pricing pressure2Colombia-U.S. political and economic tensions3Tariff and supply-chain exposure4Acquisition and automation execution5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Construction-market cyclicalityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Demand depends on residential starts, commercial development and renovation activity.

    Kohdistuu: U.S. residential and commercial construction

  2. Competitive pricing pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Glass, window and aluminum markets include large manufacturers and fragmented local competitors.

    Kohdistuu: Product pricing and operating margins

  3. Colombia-U.S. political and economic tensionsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Manufacturing is concentrated in Colombia while approximately 96% of revenue comes from the United States.

    KohdistuuTradeLaborLogisticsCross-border operations
  4. Tariff and supply-chain exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Cross-border movement of glass, aluminum and finished products can raise costs or delay deliveries.

    Kohdistuu: Colombian production and U.S. customers

  5. Acquisition and automation executionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Integration of Continental and new automated capacity may create implementation, utilization or service risks.

    Kohdistuu: U.S. expansion and manufacturing operations

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Customized windows, glass and installation services may be recognized at different points based on delivery, acceptance or completion.

Vaikutus: Can shift revenue and earnings between reporting periods.

Contract estimates and project timing

Large construction orders and installation work depend on specifications, delivery schedules and project progress.

Vaikutus: Changes in estimates can affect revenue, receivables and margins.

Acquisition accounting

The Continental asset acquisition requires allocation of purchase consideration among equipment, intangibles and other acquired assets.

Vaikutus: Affects depreciation, amortization and future impairment charges.

Foreign-currency translation

Principal manufacturing operations are in Colombia while reporting and most revenue are tied to the U.S. market.

Vaikutus: Currency movements can affect reported assets, equity and operating comparisons.

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Tecnoglass Holdings Inc. (TGLS) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo