Tecnoglass (TGLS) Financials

$74.50 +0.11 (+0.15%)

As of 11:27 AM Eastern

Annual Income Statements for Tecnoglass

This table shows Tecnoglass' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-11	23	5.45	9.03	25	24	68	156	183	161
Consolidated Net Income / (Loss)	-11	23	5.73	8.49	24	24	68	156	184	161
Net Income / (Loss) Continuing Operations	-11	23	5.73	8.49	24	24	68	156	184	161
Total Pre-Tax Income	9.67	39	12	14	37	37	97	231	261	225
Total Operating Income	40	48	34	47	59	66	117	226	260	227
Total Gross Profit	89	113	99	120	136	139	203	349	391	380
Total Revenue	242	305	314	371	431	377	497	717	833	890
Operating Revenue	242	305	314	371	431	377	497	717	833	890
Total Cost of Revenue	153	192	215	251	295	237	294	367	442	510
Operating Cost of Revenue	151	192	215	251	295	237	294	367	442	510
Total Operating Expenses	50	65	65	73	77	74	86	123	131	153
Selling, General & Admin Expense	50	65	65	73	77	74	86	123	131	153
Total Other Income / (Expense), net	-30	-8.60	-23	-33	-22	-29	-20	4.76	1.65	-1.84
Interest Expense	9.27	17	23	21	23	22	21	8.16	9.18	7.43
Other Income / (Expense), net	-21	8.22	0.16	-12	0.59	-8.55	0.48	13	11	5.59
Income Tax Expense	21	16	5.79	5.98	13	13	28	75	78	64
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.28	-0.55	-0.27	-0.03	0.28	0.67	0.63	0.00
Basic Earnings per Share	($0.38)	$0.71	$0.16	$0.22	$0.55	$0.51	$1.43	$3.27	$3.85	$3.43
Weighted Average Basic Shares Outstanding	29.08M	32.86M	36.84M	39.09M	44.46M	46.40M	47.67M	47.67M	47.51M	47.00M
Diluted Earnings per Share	($0.38)	$0.69	$0.15	$0.21	$0.55	$0.51	$1.43	$3.27	$3.85	$3.43
Weighted Average Diluted Shares Outstanding	29.08M	33.42M	37.39M	39.49M	44.46M	46.40M	47.67M	47.67M	47.51M	47.00M
Weighted Average Basic & Diluted Shares Outstanding	26.20M	30.90M	34.84M	38.09M	46.12M	47.67M	47.67M	47.67M	47.00M	46.99M

This table shows Tecnoglass' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	47	55	48	52	46	36	30	35	50	47
Consolidated Net Income / (Loss)	47	55	48	53	46	36	30	35	50	47
Net Income / (Loss) Continuing Operations	47	55	48	53	46	36	30	35	50	47
Total Pre-Tax Income	70	82	73	76	62	51	41	48	70	67
Total Operating Income	70	77	74	75	61	51	41	51	68	67
Total Gross Profit	105	110	108	110	91	83	75	90	109	107
Total Revenue	202	211	203	225	211	195	193	220	238	240
Operating Revenue	202	211	203	225	211	195	193	220	238	240
Total Cost of Revenue	96	101	95	116	120	112	118	130	129	133
Operating Cost of Revenue	96	101	95	116	120	112	118	130	129	133
Total Operating Expenses	35	33	34	35	30	32	34	38	42	39
Selling, General & Admin Expense	35	33	34	35	30	32	34	38	42	39
Total Other Income / (Expense), net	-0.24	4.84	-0.64	1.31	0.53	0.45	-0.13	-3.61	1.82	0.09
Interest Expense	2.25	2.72	2.27	2.32	2.33	2.26	2.11	2.01	1.81	1.51
Other Income / (Expense), net	0.18	13	1.64	3.63	2.86	2.71	1.97	-1.61	3.63	1.60
Income Tax Expense	23	27	25	23	15	15	11	12	20	20
Basic Earnings per Share	$0.98	$1.15	$1.01	$1.10	$0.96	$0.78	$0.63	$0.75	$1.05	$1.00
Weighted Average Basic Shares Outstanding	47.67M	47.67M	47.67M	47.65M	47.60M	47.51M	47.00M	47.00M	47.00M	47.00M
Diluted Earnings per Share	$0.98	$1.15	$1.01	$1.10	$0.96	$0.78	$0.63	$0.75	$1.05	$1.00
Weighted Average Diluted Shares Outstanding	47.67M	47.67M	47.67M	47.65M	47.60M	47.51M	47.00M	47.00M	47.00M	47.00M
Weighted Average Basic & Diluted Shares Outstanding	47.67M	47.67M	47.67M	47.67M	47.10M	47.00M	47.00M	47.00M	47.00M	46.99M

This table details how cash moves in and out of Tecnoglass' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	3.35	4.25	14	-7.88	15	19	17	19	26	5.37
Net Cash From Operating Activities	2.51	-3.09	14	-5.03	26	72	117	142	139	171
Net Cash From Continuing Operating Activities	2.51	-3.09	14	-5.03	26	72	117	142	139	171
Net Income / (Loss) Continuing Operations	-11	23	5.73	8.49	24	24	68	156	184	161
Consolidated Net Income / (Loss)	-11	23	5.73	8.49	24	24	68	156	184	161
Depreciation Expense	12	16	21	23	23	21	21	20	22	26
Non-Cash Adjustments To Reconcile Net Income	1.69	-7.66	-0.04	1.67	9.77	9.36	21	14	-28	13
Changes in Operating Assets and Liabilities, net	-0.62	-34	-14	-38	-31	18	6.44	-48	-39	-30
Net Cash From Investing Activities	-9.40	-25	-15	-19	-59	-18	-51	-73	-76	-77
Net Cash From Continuing Investing Activities	-9.40	-25	-15	-19	-59	-18	-51	-73	-76	-77
Purchase of Property, Plant & Equipment	-15	-23	-7.03	-13	-25	-18	-52	-71	-78	-80
Purchase of Investments	-0.88	-27	-0.60	-1.18	-1.68	-0.27	-0.06	-1.26	-0.34	-0.43
Sale and/or Maturity of Investments	1.91	24	0.57	1.58	1.60	0.47	0.69	0.00	2.28	2.70
Net Cash From Financing Activities	9.51	32	15	17	48	-34	-44	-45	-43	-85
Net Cash From Continuing Financing Activities	9.51	32	15	17	48	-34	-44	-45	-43	-85
Repayment of Debt	-102	-163	-205	-8.86	-30	-71	-260	-32	0.00	-65
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-24	-0.29
Payment of Dividends	-1.41	-3.00	-2.47	-2.71	-5.23	-3.80	-5.24	-13	-16	-20
Issuance of Debt	113	196	223	29	47	41	221	0.05	0.20	2.53
Other Financing Activities, net	0.00	1.20	0.00	-	-	-	0.00	0.00	-3.00	-2.50
Effect of Exchange Rate Changes	0.72	0.50	-0.04	-1.15	-0.03	-0.80	-5.36	-5.88	5.80	-3.32
Cash Interest Paid	6.92	8.70	16	18	20	19	16	6.42	12	9.98
Cash Income Taxes Paid	13	26	18	8.40	12	11	13	27	107	87

This table details how cash moves in and out of Tecnoglass' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-14	19	25	-24	14	11	6.37	-9.08	-4.72	13
Net Cash From Operating Activities	29	50	43	0.15	51	44	33	34	41	61
Net Cash From Continuing Operating Activities	29	50	43	0.15	51	44	33	34	41	61
Net Income / (Loss) Continuing Operations	47	55	48	53	46	36	30	35	50	47
Consolidated Net Income / (Loss)	47	55	48	53	46	36	30	35	50	47
Depreciation Expense	4.63	4.60	4.77	5.15	5.93	6.04	6.31	6.48	6.94	6.74
Non-Cash Adjustments To Reconcile Net Income	8.41	5.24	-1.12	-13	-11	-2.64	-4.11	5.02	2.69	9.48
Changes in Operating Assets and Liabilities, net	-31	-15	-8.96	-44	10	4.47	1.51	-12	-18	-2.11
Net Cash From Investing Activities	-21	-24	-16	-22	-24	-14	-10	-18	-24	-26
Net Cash From Continuing Investing Activities	-21	-24	-16	-22	-24	-14	-10	-18	-24	-26
Purchase of Property, Plant & Equipment	-21	-25	-16	-22	-24	-16	-9.89	-20	-24	-26
Purchase of Investments	-0.35	0.03	-0.13	-0.06	-0.11	-0.04	-0.31	-0.01	0.00	-0.11
Net Cash From Financing Activities	-20	-3.56	-3.29	-4.55	-13	-22	-17	-24	-23	-21
Net Cash From Continuing Financing Activities	-20	-3.56	-3.29	-4.55	-13	-22	-17	-24	-23	-21
Repayment of Debt	-17	0.02	0.00	-0.01	0.01	-	-15	-16	-18	-16
Repurchase of Common Equity	-	-	-	-	-8.83	-15	-	-	-0.01	-0.28
Payment of Dividends	-3.10	-3.58	-3.58	-4.29	-4.29	-4.27	-4.24	-5.17	-5.17	-5.17
Issuance of Debt	-0.18	-0.01	0.29	-0.19	0.01	0.09	2.77	-0.20	0.09	-0.13
Cash Interest Paid	1.75	2.29	2.72	2.84	2.99	3.08	2.83	2.73	2.49	1.93
Cash Income Taxes Paid	18	1.81	26	56	12	12	14	46	18	8.65

This table presents Tecnoglass' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	321	395	468	490	570	530	592	734	963	1,017
Total Current Assets	171	211	262	293	323	285	326	432	536	560
Cash & Equivalents	23	27	41	33	48	68	85	104	130	135
Short-Term Investments	1.47	1.54	1.68	1.16	2.30	2.39	1.98	2.05	2.91	2.65
Accounts Receivable	87	110	129	101	119	92	113	160	168	206
Inventories, net	49	55	72	92	83	81	85	125	159	140
Other Current Assets	7.80	16	18	66	71	42	42	42	76	77
Plant, Property, & Equipment, net	136	171	169	149	155	152	167	203	325	344
Total Noncurrent Assets	14	13	37	47	92	92	36	99	102	112
Long-Term Investments	-	-	-	0.00	46	48	-	58	61	63
Goodwill	1.33	1.33	23	24	24	24	24	24	24	24
Intangible Assets	3.34	4.56	12	9.01	6.70	5.11	3.34	2.71	3.48	4.39
Noncurrent Deferred & Refundable Income Taxes	0.64	-	0.10	4.77	4.60	0.27	0.60	0.56	0.17	0.29
Other Noncurrent Operating Assets	6.42	7.31	2.65	9.84	9.97	13	4.16	13	15	21
Total Liabilities & Shareholders' Equity	321	395	468	490	570	530	592	734	963	1,017
Total Liabilities	284	281	346	357	382	322	347	384	415	385
Total Current Liabilities	134	78	121	123	129	94	155	210	236	266
Short-Term Debt	18	2.65	32	22	16	1.76	11	0.50	7.00	1.09
Accounts Payable	40	43	56	67	66	47	72	90	83	99
Dividends Payable	0.00	3.49	0.59	0.74	0.07	1.35	3.14	3.62	4.27	7.07
Other Current Liabilities	45	-	1.55	26	39	37	24	115	142	159
Total Noncurrent Liabilities	150	203	225	234	253	228	192	174	179	120
Long-Term Debt	121	197	221	229	252	223	188	169	163	108
Noncurrent Deferred & Payable Income Tax Liabilities	3.38	3.52	2.32	2.71	0.41	3.17	3.42	5.19	16	11
Other Noncurrent Operating Liabilities	20	-	0.00	2.04	0.81	0.98	-	0.01	-	0.00
Total Equity & Noncontrolling Interests	38	114	122	133	187	209	245	350	548	631
Total Preferred & Common Equity	38	114	120	132	187	208	244	349	548	631
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	38	114	120	132	187	208	242	349	548	631
Common Stock	46	115	125	158	208	219	219	219	192	192
Retained Earnings	22	27	22	10	16	30	91	234	400	539
Accumulated Other Comprehensive Income / (Loss)	-31	-29	-29	-37	-39	-44	-69	-106	-46	-101
Other Equity Adjustments	1.37	1.37	1.37	1.37	1.37	2.27	-	1.46	1.46	1.46

This table presents Tecnoglass' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	678	819	892	939	982	942	996
Total Current Assets	392	501	528	537	550	517	547
Cash & Equivalents	84	129	105	119	136	127	122
Short-Term Investments	2.21	2.14	2.37	2.48	2.90	2.70	2.69
Accounts Receivable	135	167	188	176	172	180	211
Inventories, net	123	143	162	166	144	132	143
Other Current Assets	47	59	71	74	94	74	68
Plant, Property, & Equipment, net	184	224	267	299	329	324	341
Total Noncurrent Assets	102	36	98	103	103	102	108
Long-Term Investments	57	-	60	62	62	60	62
Goodwill	24	24	24	24	24	24	24
Intangible Assets	2.83	2.61	2.53	3.25	3.31	3.59	3.88
Noncurrent Deferred & Refundable Income Taxes	2.90	0.16	0.11	0.11	0.27	0.24	0.28
Other Noncurrent Operating Assets	11	9.30	11	14	14	14	19
Total Liabilities & Shareholders' Equity	678	819	892	939	982	942	996
Total Liabilities	365	419	415	420	408	368	383
Total Current Liabilities	193	244	235	239	236	213	247
Short-Term Debt	0.43	0.82	0.65	3.13	3.34	2.20	1.82
Accounts Payable	92	87	114	108	79	100	100
Dividends Payable	3.62	4.33	4.34	4.32	5.20	5.20	5.20
Other Current Liabilities	97	94	116	123	148	106	141
Total Noncurrent Liabilities	172	175	180	181	172	155	136
Long-Term Debt	168	169	169	167	155	140	123
Noncurrent Deferred Revenue	-	0.01	-	-	-	0.00	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	3.94	5.73	11	14	18	15	13
Total Equity & Noncontrolling Interests	313	400	478	519	574	575	613
Total Preferred & Common Equity	312	399	476	517	574	575	613
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	312	397	476	517	574	575	613
Common Stock	219	219	219	210	192	192	192
Retained Earnings	183	278	326	368	425	454	499
Accumulated Other Comprehensive Income / (Loss)	-92	-100	-71	-62	-45	-73	-79
Other Equity Adjustments	1.46	-	1.46	1.46	1.46	1.46	1.46

This table displays calculated financial ratios and metrics derived from Tecnoglass' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.68%	25.92%	3.09%	17.98%	16.15%	-12.60%	31.91%	44.24%	16.29%	6.83%
EBITDA Growth	-11.50%	127.92%	-20.80%	3.72%	39.68%	-5.31%	77.92%	87.17%	12.92%	-11.42%
EBIT Growth	-29.70%	195.94%	-38.42%	3.25%	66.64%	-3.79%	105.50%	103.75%	13.06%	-14.04%
NOPAT Growth	-414.38%	162.63%	-39.55%	62.13%	38.57%	10.71%	94.43%	85.46%	19.03%	-10.81%
Net Income Growth	-215.87%	310.34%	-75.30%	48.23%	185.99%	-1.76%	187.02%	128.58%	17.32%	-12.10%
EPS Growth	-211.76%	281.58%	-78.26%	40.00%	161.90%	-7.27%	180.39%	128.67%	17.74%	-10.91%
Operating Cash Flow Growth	152.20%	-222.86%	560.58%	-135.41%	610.12%	179.42%	63.51%	21.04%	-2.18%	22.84%
Free Cash Flow Firm Growth	-1,191.49%	-51.10%	71.60%	131.30%	194.97%	193.83%	29.26%	-18.22%	-85.68%	1,023.87%
Invested Capital Growth	22.64%	91.02%	16.64%	5.24%	2.60%	-11.66%	-8.54%	21.21%	47.08%	3.30%
Revenue Q/Q Growth	11.52%	3.75%	1.29%	3.80%	35.12%	-21.93%	5.92%	12.44%	-1.94%	5.32%
EBITDA Q/Q Growth	-16.61%	5.66%	1.91%	-11.62%	30.21%	14.73%	1.88%	27.44%	-10.62%	6.66%
EBIT Q/Q Growth	-33.69%	6.86%	-2.95%	-18.56%	47.71%	22.06%	2.12%	30.90%	-11.80%	7.13%
NOPAT Q/Q Growth	-2,212.07%	4.06%	-10.42%	5.06%	17.22%	8.41%	17.26%	23.14%	-7.89%	7.11%
Net Income Q/Q Growth	-918.72%	14.14%	-23.50%	-39.69%	162.17%	46.68%	2.49%	29.13%	-9.22%	6.99%
EPS Q/Q Growth	-1,050.00%	-5.48%	-25.00%	-41.67%	175.00%	41.67%	2.88%	28.74%	-8.77%	6.85%
Operating Cash Flow Q/Q Growth	-87.04%	-109.54%	142.00%	-14.58%	87.71%	6.30%	3.29%	21.80%	-3.80%	10.92%
Free Cash Flow Firm Q/Q Growth	1.33%	13.24%	13.61%	1,003.99%	920.38%	-38.69%	55.14%	7.06%	-55.64%	37.41%
Invested Capital Q/Q Growth	19.07%	3.06%	0.51%	-2.16%	-8.66%	7.38%	-1.58%	5.29%	3.66%	-1.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.90%	36.93%	31.54%	32.40%	31.52%	37.03%	40.78%	48.77%	46.92%	42.68%
EBITDA Margin	12.97%	23.47%	18.03%	15.85%	19.06%	20.65%	27.86%	36.15%	35.10%	29.10%
Operating Margin	16.34%	15.69%	10.93%	12.72%	13.65%	17.45%	23.55%	31.60%	31.17%	25.50%
EBIT Margin	7.82%	18.38%	10.98%	9.61%	13.79%	15.18%	23.64%	33.40%	32.47%	26.13%
Profit (Net Income) Margin	-4.55%	7.60%	1.82%	2.29%	5.63%	6.33%	13.77%	21.83%	22.02%	18.12%
Tax Burden Percent	-113.95%	59.05%	49.70%	58.68%	65.24%	64.66%	70.61%	67.66%	70.20%	71.64%
Interest Burden Percent	51.05%	70.01%	33.36%	40.57%	62.61%	64.51%	82.51%	96.59%	96.61%	96.80%
Effective Tax Rate	213.95%	40.95%	50.30%	41.32%	34.76%	35.34%	29.39%	32.34%	29.80%	28.36%
Return on Invested Capital (ROIC)	-32.54%	12.71%	5.40%	7.93%	10.58%	12.28%	26.58%	46.65%	41.02%	30.23%
ROIC Less NNEP Spread (ROIC-NNEP)	2.74%	9.25%	-0.32%	-0.73%	3.61%	-0.31%	9.74%	57.07%	15.71%	32.79%
Return on Net Nonoperating Assets (RNNOA)	6.31%	17.91%	-0.54%	-1.27%	4.57%	-0.23%	3.61%	5.92%	-0.16%	-2.87%
Return on Equity (ROE)	-26.24%	30.63%	4.87%	6.66%	15.15%	12.05%	30.20%	52.57%	40.86%	27.36%
Cash Return on Invested Capital (CROIC)	-52.87%	-49.84%	-9.95%	2.82%	8.01%	24.66%	35.50%	27.47%	2.91%	26.98%
Operating Return on Assets (OROA)	6.62%	15.66%	8.00%	7.44%	11.21%	10.39%	20.94%	36.10%	31.89%	23.50%
Return on Assets (ROA)	-3.85%	6.47%	1.33%	1.77%	4.58%	4.34%	12.20%	23.59%	21.63%	16.30%
Return on Common Equity (ROCE)	-26.24%	30.63%	4.84%	6.60%	15.08%	12.01%	29.95%	52.17%	40.79%	27.36%
Return on Equity Simple (ROE_SIMPLE)	-29.14%	20.41%	4.76%	6.41%	13.01%	11.46%	28.06%	44.84%	33.49%	25.56%
Net Operating Profit after Tax (NOPAT)	-45	28	17	28	38	42	83	153	182	163
NOPAT Margin	-18.62%	9.26%	5.43%	7.46%	8.91%	11.28%	16.63%	21.38%	21.88%	18.27%
Net Nonoperating Expense Percent (NNEP)	-35.28%	3.46%	5.72%	8.66%	6.96%	12.58%	16.85%	-10.42%	25.30%	-2.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	29.47%	25.40%	21.96%
Cost of Revenue to Revenue	63.10%	63.07%	68.46%	67.60%	68.48%	62.97%	59.22%	51.23%	53.08%	57.32%
SG&A Expenses to Revenue	20.55%	21.24%	20.61%	19.68%	17.87%	19.58%	17.23%	17.18%	15.74%	17.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.55%	21.24%	20.61%	19.68%	17.87%	19.58%	17.23%	17.18%	15.74%	17.18%
Earnings before Interest and Taxes (EBIT)	19	56	35	36	59	57	117	239	271	233
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	31	72	57	59	82	78	138	259	292	259
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.48	2.56	1.76	2.02	1.91	1.53	5.04	4.14	3.90	5.91
Price to Tangible Book Value (P/TBV)	8.54	2.70	2.47	2.68	2.28	1.78	5.67	4.47	4.10	6.18
Price to Revenue (P/Rev)	1.17	0.95	0.67	0.72	0.83	0.85	2.45	2.01	2.56	4.19
Price to Earnings (P/E)	0.00	12.56	38.79	29.56	14.52	13.36	17.87	9.27	11.68	23.11
Dividend Yield	0.00%	2.59%	8.58%	7.87%	7.16%	1.64%	0.58%	0.93%	0.79%	0.61%
Earnings Yield	0.00%	7.96%	2.58%	3.38%	6.89%	7.49%	5.60%	10.79%	8.56%	4.33%
Enterprise Value to Invested Capital (EV/IC)	2.60	1.58	1.24	1.35	1.44	1.32	4.48	4.03	3.99	6.65
Enterprise Value to Revenue (EV/Rev)	1.64	1.52	1.35	1.31	1.23	1.13	2.68	2.02	2.54	4.08
Enterprise Value to EBITDA (EV/EBITDA)	12.67	6.46	7.47	8.24	6.44	5.49	9.62	5.60	7.23	14.04
Enterprise Value to EBIT (EV/EBIT)	21.00	8.25	12.26	13.59	8.91	7.47	11.33	6.06	7.81	15.63
Enterprise Value to NOPAT (EV/NOPAT)	0.00	16.36	24.79	17.49	13.80	10.05	16.11	9.47	11.59	22.36
Enterprise Value to Operating Cash Flow (EV/OCF)	158.45	0.00	29.80	0.00	20.63	5.95	11.35	10.22	15.22	21.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	49.20	18.23	5.00	12.06	16.08	163.62	25.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.68	1.76	2.08	1.88	1.43	1.08	0.81	0.48	0.31	0.17
Long-Term Debt to Equity	3.21	1.73	1.82	1.72	1.35	1.07	0.77	0.48	0.30	0.17
Financial Leverage	2.30	1.94	1.69	1.74	1.26	0.75	0.37	0.10	-0.01	-0.09
Leverage Ratio	6.81	4.73	3.67	3.76	3.31	2.78	2.47	2.23	1.89	1.68
Compound Leverage Factor	3.48	3.31	1.22	1.52	2.07	1.79	2.04	2.15	1.83	1.62
Debt to Total Capital	78.62%	63.74%	67.55%	65.31%	58.90%	51.91%	44.86%	32.61%	23.68%	14.76%
Short-Term Debt to Total Capital	9.93%	0.85%	8.60%	5.63%	3.53%	0.41%	2.41%	0.10%	0.98%	0.15%
Long-Term Debt to Total Capital	68.69%	62.89%	58.94%	59.68%	55.37%	51.51%	42.45%	32.51%	22.70%	14.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.38%	0.23%	0.13%	0.13%	0.19%	0.29%	0.00%	0.00%
Common Equity to Total Capital	21.38%	36.26%	32.07%	34.46%	40.97%	47.96%	54.44%	67.11%	76.32%	85.24%
Debt to EBITDA	4.43	2.79	4.47	4.27	3.27	2.89	1.44	0.65	0.58	0.42
Net Debt to EBITDA	3.66	2.39	3.72	3.68	2.10	1.38	0.81	0.02	-0.08	-0.35
Long-Term Debt to EBITDA	3.87	2.75	3.90	3.90	3.07	2.87	1.36	0.65	0.56	0.42
Debt to NOPAT	-3.08	7.06	14.83	9.06	6.99	5.30	2.41	1.11	0.93	0.67
Net Debt to NOPAT	-2.55	6.06	12.33	7.82	4.50	2.53	1.36	0.04	-0.13	-0.56
Long-Term Debt to NOPAT	-2.69	6.97	12.94	8.28	6.57	5.26	2.28	1.10	0.89	0.67
Altman Z-Score	1.78	2.36	1.71	1.90	2.11	2.17	4.16	5.12	5.84	8.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.60%	0.90%	0.46%	0.29%	0.81%	0.78%	0.17%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.28	2.69	2.16	2.39	2.50	3.03	2.10	2.06	2.27	2.11
Quick Ratio	0.83	1.77	1.41	1.10	1.31	1.72	1.29	1.27	1.27	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-73	-111	-31	9.85	29	85	110	90	13	145
Operating Cash Flow to CapEx	24.07%	-13.88%	202.21%	-38.35%	102.85%	391.50%	228.19%	198.97%	178.07%	214.34%
Free Cash Flow to Firm to Interest Expense	-7.90	-6.59	-1.37	0.46	1.27	3.94	5.37	11.06	1.41	19.53
Operating Cash Flow to Interest Expense	0.27	-0.18	0.62	-0.24	1.13	3.31	5.71	17.40	15.13	22.94
Operating Cash Flow Less CapEx to Interest Expense	-0.85	-1.51	0.31	-0.86	0.03	2.46	3.21	8.66	6.63	12.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.85	0.73	0.77	0.81	0.68	0.89	1.08	0.98	0.90
Accounts Receivable Turnover	3.02	3.10	2.63	3.23	3.92	3.58	4.86	5.26	5.09	4.77
Inventory Turnover	3.93	3.71	3.40	3.07	3.38	2.89	3.54	3.50	3.11	3.42
Fixed Asset Turnover	2.02	1.99	1.85	2.33	2.84	2.45	3.11	3.88	3.16	2.66
Accounts Payable Turnover	4.06	4.64	4.36	4.07	4.43	4.20	4.97	4.53	5.11	5.62
Days Sales Outstanding (DSO)	120.86	117.90	138.64	113.14	93.02	101.85	75.07	69.44	71.78	76.57
Days Inventory Outstanding (DIO)	92.77	98.51	107.45	118.99	107.95	126.17	103.11	104.39	117.20	106.85
Days Payable Outstanding (DPO)	89.89	78.73	83.76	89.64	82.44	86.84	73.51	80.61	71.37	64.97
Cash Conversion Cycle (CCC)	123.74	137.67	162.32	142.50	118.54	141.18	104.67	93.22	117.62	118.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	153	292	340	358	367	325	297	360	529	547
Invested Capital Turnover	1.75	1.37	1.00	1.06	1.19	1.09	1.60	2.18	1.87	1.65
Increase / (Decrease) in Invested Capital	28	139	49	18	9.33	-43	-28	63	169	17
Enterprise Value (EV)	398	462	423	484	529	427	1,331	1,450	2,113	3,636
Market Capitalization	283	291	211	267	356	319	1,218	1,443	2,136	3,728
Book Value per Share	$1.42	$3.77	$3.51	$3.53	$4.10	$4.36	$5.07	$7.32	$11.64	$13.43
Tangible Book Value per Share	$1.24	$3.57	$2.50	$2.66	$3.43	$3.76	$4.50	$6.77	$11.06	$12.84
Total Capital	177	313	375	384	456	434	444	520	718	740
Total Debt	139	200	253	251	268	225	199	169	170	109
Total Long-Term Debt	121	197	221	229	252	223	188	169	163	108
Net Debt	115	171	211	217	173	108	112	5.93	-23	-91
Capital Expenditures (CapEx)	10	22	7.03	13	25	18	51	71	78	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	31	107	130	158	160	123	95	117	174	158
Debt-free Net Working Capital (DFNWC)	55	135	173	192	210	193	182	223	307	295
Net Working Capital (NWC)	37	132	140	171	194	191	171	222	300	294
Net Nonoperating Expense (NNE)	-34	5.08	11	19	14	19	14	-3.22	-1.16	1.32
Net Nonoperating Obligations (NNO)	115	178	219	225	180	116	52	9.55	-19	-84
Total Depreciation and Amortization (D&A)	12	16	22	23	23	21	21	20	22	26
Debt-free, Cash-free Net Working Capital to Revenue	12.67%	34.93%	41.37%	42.65%	37.07%	32.61%	19.12%	16.34%	20.94%	17.72%
Debt-free Net Working Capital to Revenue	22.64%	44.26%	54.92%	51.86%	48.72%	51.21%	36.63%	31.10%	36.83%	33.17%
Net Working Capital to Revenue	15.38%	43.39%	44.66%	46.04%	44.98%	50.74%	34.47%	31.03%	35.99%	33.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.50)	$0.79	$0.16	$0.23	$0.55	$0.52	$1.43	$3.28	$3.85	$3.43
Adjusted Weighted Average Basic Shares Outstanding	25.45M	29.23M	34.82M	37.51M	44.46M	46.40M	47.67M	47.67M	47.51M	47.00M
Adjusted Diluted Earnings per Share	($0.50)	$0.77	$0.16	$0.22	$0.55	$0.52	$1.43	$3.28	$3.85	$3.43
Adjusted Weighted Average Diluted Shares Outstanding	28.95M	30.25M	35.32M	38.06M	44.46M	46.40M	47.67M	47.67M	47.51M	47.00M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.91M	33.17M	34.84M	38.09M	46.12M	47.67M	47.67M	47.67M	47.00M	46.99M
Normalized Net Operating Profit after Tax (NOPAT)	28	28	24	28	38	42	83	153	182	163
Normalized NOPAT Margin	11.44%	9.26%	7.65%	7.46%	8.91%	11.28%	16.63%	21.38%	21.88%	18.27%
Pre Tax Income Margin	3.99%	12.87%	3.66%	3.90%	8.63%	9.79%	19.51%	32.26%	31.37%	25.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.04	3.33	1.50	1.68	2.60	2.64	5.72	29.34	29.48	31.29
NOPAT to Interest Expense	-4.86	1.68	0.74	1.31	1.68	1.96	4.02	18.78	19.87	21.88
EBIT Less CapEx to Interest Expense	0.92	2.01	1.20	1.06	1.51	1.79	3.22	20.60	20.99	20.59
NOPAT Less CapEx to Interest Expense	-5.99	0.36	0.44	0.69	0.59	1.12	1.52	10.04	11.37	11.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-12.79%	12.96%	43.16%	31.98%	21.54%	15.94%	7.66%	8.23%	8.95%	12.24%
Augmented Payout Ratio	-12.79%	12.96%	43.16%	31.98%	21.54%	15.94%	7.66%	8.23%	21.78%	12.42%

This table displays calculated financial ratios and metrics derived from Tecnoglass' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	53.26%	60.16%	50.61%	33.20%	4.44%	-7.82%	-4.94%	-2.50%	13.09%	23.11%
EBITDA Growth	112.23%	145.71%	118.51%	56.07%	-6.87%	-36.94%	-38.43%	-32.76%	12.14%	27.27%
EBIT Growth	132.72%	171.34%	139.87%	62.27%	-9.17%	-40.45%	-42.91%	-36.61%	11.68%	29.04%
NOPAT Growth	125.15%	123.82%	116.04%	63.49%	-2.95%	-30.28%	-38.87%	-27.03%	5.56%	29.86%
Net Income Growth	127.13%	177.79%	130.86%	57.32%	-1.76%	-33.83%	-38.54%	-33.36%	7.46%	28.89%
EPS Growth	127.91%	173.81%	129.55%	57.14%	-2.04%	-32.17%	-37.62%	-31.82%	9.38%	28.21%
Operating Cash Flow Growth	-11.05%	103.98%	58.70%	-99.58%	76.19%	-11.00%	-22.33%	22,746.36%	-19.14%	37.85%
Free Cash Flow Firm Growth	-67.81%	-121.85%	-462.70%	-812.69%	-1,873.36%	-1,098.60%	-1,168.27%	90.51%	101.66%	122.13%
Invested Capital Growth	13.31%	21.21%	17.97%	51.72%	49.40%	47.08%	39.72%	10.01%	9.05%	3.30%
Revenue Q/Q Growth	19.31%	4.63%	-4.02%	11.17%	-6.45%	-7.66%	-1.02%	14.03%	8.50%	0.52%
EBITDA Q/Q Growth	40.44%	25.50%	-14.86%	3.99%	-16.19%	-15.02%	-17.57%	13.58%	39.76%	-3.55%
EBIT Q/Q Growth	46.03%	27.23%	-15.81%	3.74%	-18.26%	-16.58%	-20.06%	15.19%	44.01%	-3.62%
NOPAT Q/Q Growth	49.03%	10.14%	-5.91%	5.86%	-11.53%	-20.88%	-17.51%	26.37%	27.99%	-2.66%
Net Income Q/Q Growth	40.43%	17.48%	-12.25%	8.67%	-12.31%	-20.86%	-18.50%	17.82%	41.42%	-5.09%
EPS Q/Q Growth	40.00%	17.35%	-12.17%	8.91%	-12.73%	-18.75%	-18.18%	19.05%	40.00%	-4.76%
Operating Cash Flow Q/Q Growth	-18.85%	71.20%	-13.57%	-99.65%	33,854.97%	-13.52%	-24.57%	3.14%	20.18%	47.43%
Free Cash Flow Firm Q/Q Growth	-56.35%	-260.11%	13.02%	-1,072.57%	-8.60%	-8.22%	7.97%	91.23%	118.97%	1,344.51%
Invested Capital Q/Q Growth	7.10%	5.29%	6.67%	26.13%	5.46%	3.66%	1.33%	-0.69%	4.54%	-1.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.18%	52.22%	53.18%	48.68%	42.96%	42.64%	38.76%	40.78%	45.83%	44.45%
EBITDA Margin	37.14%	44.55%	39.52%	36.97%	33.12%	30.48%	25.60%	25.50%	32.84%	31.51%
Operating Margin	34.76%	36.39%	36.36%	33.07%	28.95%	25.99%	21.30%	23.28%	28.40%	28.03%
EBIT Margin	34.85%	42.37%	37.17%	34.68%	30.31%	27.38%	22.32%	22.55%	29.93%	28.69%
Profit (Net Income) Margin	23.25%	26.11%	23.87%	23.33%	21.87%	18.74%	15.43%	15.95%	20.78%	19.62%
Tax Burden Percent	67.14%	67.50%	66.22%	69.34%	74.90%	71.50%	72.71%	73.71%	71.26%	69.93%
Interest Burden Percent	99.39%	91.29%	96.98%	97.03%	96.36%	95.76%	95.10%	95.95%	97.46%	97.80%
Effective Tax Rate	32.86%	32.50%	33.78%	30.66%	25.10%	28.50%	27.29%	26.29%	28.74%	30.07%
Return on Invested Capital (ROIC)	46.22%	53.60%	53.28%	48.00%	43.23%	34.82%	27.71%	27.60%	32.05%	32.43%
ROIC Less NNEP Spread (ROIC-NNEP)	45.87%	64.18%	50.47%	52.73%	47.29%	27.85%	28.06%	42.53%	28.08%	32.31%
Return on Net Nonoperating Assets (RNNOA)	7.81%	6.66%	2.24%	2.65%	1.11%	-0.28%	-1.55%	-1.44%	-1.62%	-2.83%
Return on Equity (ROE)	54.03%	60.26%	55.51%	50.65%	44.35%	34.54%	26.15%	26.15%	30.43%	29.60%
Cash Return on Invested Capital (CROIC)	26.19%	27.47%	34.10%	8.56%	6.83%	2.91%	2.35%	19.85%	19.79%	26.98%
Operating Return on Assets (OROA)	35.47%	45.80%	40.36%	37.68%	31.85%	26.88%	20.41%	20.10%	26.14%	25.81%
Return on Assets (ROA)	23.67%	28.22%	25.92%	25.35%	22.99%	18.41%	14.11%	14.21%	18.15%	17.65%
Return on Common Equity (ROCE)	53.82%	59.79%	55.18%	50.46%	44.17%	34.48%	26.07%	26.11%	30.38%	29.60%
Return on Equity Simple (ROE_SIMPLE)	38.82%	0.00%	46.10%	42.65%	39.07%	0.00%	28.74%	25.63%	24.58%	0.00%
Net Operating Profit after Tax (NOPAT)	47	52	49	52	46	36	30	38	48	47
NOPAT Margin	23.34%	24.56%	24.08%	22.93%	21.68%	18.58%	15.48%	17.16%	20.24%	19.60%
Net Nonoperating Expense Percent (NNEP)	0.35%	-10.57%	2.80%	-4.73%	-4.05%	6.97%	-0.36%	-14.93%	3.97%	0.12%
Return On Investment Capital (ROIC_SIMPLE)	-	9.98%	-	-	-	5.04%	-	-	-	6.34%
Cost of Revenue to Revenue	47.82%	47.78%	46.82%	51.32%	57.04%	57.36%	61.24%	59.22%	54.17%	55.55%
SG&A Expenses to Revenue	17.43%	15.82%	16.82%	15.61%	14.01%	16.66%	17.46%	17.50%	17.43%	16.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.43%	15.82%	16.82%	15.61%	14.01%	16.66%	17.46%	17.50%	17.43%	16.43%
Earnings before Interest and Taxes (EBIT)	70	89	75	78	64	53	43	50	71	69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	75	94	80	83	70	59	49	56	78	75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.16	4.14	4.98	5.13	3.01	3.90	4.25	4.10	5.26	5.91
Price to Tangible Book Value (P/TBV)	3.45	4.47	5.33	5.43	3.18	4.10	4.46	4.31	5.51	6.18
Price to Revenue (P/Rev)	1.55	2.01	2.52	2.90	1.83	2.56	2.96	2.88	3.82	4.19
Price to Earnings (P/E)	8.18	9.27	10.81	12.06	7.74	11.68	14.84	16.05	21.42	23.11
Dividend Yield	1.31%	0.93%	0.73%	0.64%	1.05%	0.79%	0.73%	0.80%	0.61%	0.61%
Earnings Yield	12.23%	10.79%	9.25%	8.29%	12.93%	8.56%	6.74%	6.23%	4.67%	4.33%
Enterprise Value to Invested Capital (EV/IC)	2.96	4.03	5.26	5.05	3.03	3.99	4.47	4.34	5.68	6.65
Enterprise Value to Revenue (EV/Rev)	1.59	2.02	2.57	2.91	1.82	2.54	2.91	2.83	3.74	4.08
Enterprise Value to EBITDA (EV/EBITDA)	4.98	5.60	6.68	7.36	4.73	7.23	9.16	9.86	13.03	14.04
Enterprise Value to EBIT (EV/EBIT)	5.53	6.06	7.13	7.81	5.05	7.81	10.06	11.02	14.58	15.63
Enterprise Value to NOPAT (EV/NOPAT)	8.13	9.47	11.26	12.26	7.82	11.59	14.68	15.47	20.85	22.36
Enterprise Value to Operating Cash Flow (EV/OCF)	8.68	10.22	12.80	20.02	10.73	15.22	18.55	14.13	20.59	21.32
Enterprise Value to Free Cash Flow (EV/FCFF)	12.00	16.08	16.70	71.14	53.16	163.62	221.27	22.90	29.96	25.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.48	0.42	0.36	0.33	0.31	0.28	0.25	0.20	0.17
Long-Term Debt to Equity	0.54	0.48	0.42	0.35	0.32	0.30	0.27	0.24	0.20	0.17
Financial Leverage	0.17	0.10	0.04	0.05	0.02	-0.01	-0.06	-0.03	-0.06	-0.09
Leverage Ratio	2.28	2.23	2.13	2.02	1.94	1.89	1.85	1.74	1.71	1.68
Compound Leverage Factor	2.26	2.03	2.06	1.96	1.87	1.81	1.76	1.67	1.67	1.64
Debt to Total Capital	34.99%	32.61%	29.79%	26.21%	24.64%	23.68%	21.58%	19.84%	16.89%	14.76%
Short-Term Debt to Total Capital	0.09%	0.10%	0.14%	0.10%	0.45%	0.98%	0.46%	0.31%	0.25%	0.15%
Long-Term Debt to Total Capital	34.90%	32.51%	29.65%	26.11%	24.18%	22.70%	21.13%	19.53%	16.65%	14.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.28%	0.29%	0.29%	0.27%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.73%	67.11%	69.66%	73.52%	75.07%	76.32%	78.42%	80.16%	83.11%	85.24%
Debt to EBITDA	0.83	0.65	0.56	0.51	0.52	0.58	0.60	0.61	0.51	0.42
Net Debt to EBITDA	0.12	0.02	0.13	0.01	-0.04	-0.08	-0.16	-0.20	-0.25	-0.35
Long-Term Debt to EBITDA	0.83	0.65	0.56	0.51	0.51	0.56	0.59	0.60	0.51	0.42
Debt to NOPAT	1.36	1.11	0.95	0.85	0.86	0.93	0.97	0.95	0.82	0.67
Net Debt to NOPAT	0.20	0.04	0.22	0.01	-0.07	-0.13	-0.26	-0.32	-0.41	-0.56
Long-Term Debt to NOPAT	1.35	1.10	0.94	0.85	0.84	0.89	0.95	0.94	0.81	0.67
Altman Z-Score	3.63	4.44	4.95	5.67	4.29	5.09	5.56	5.95	7.20	7.99
Noncontrolling Interest Sharing Ratio	0.38%	0.78%	0.59%	0.38%	0.40%	0.17%	0.32%	0.17%	0.18%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.04	2.06	2.05	2.25	2.25	2.27	2.33	2.43	2.21	2.11
Quick Ratio	1.15	1.27	1.22	1.25	1.24	1.27	1.32	1.46	1.36	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.94	-11	-9.67	-113	-123	-133	-123	-11	2.04	29
Operating Cash Flow to CapEx	141.49%	203.27%	276.86%	0.68%	210.93%	281.24%	338.33%	169.92%	175.05%	237.94%
Free Cash Flow to Firm to Interest Expense	3.09	-4.08	-4.25	-48.86	-52.97	-59.00	-58.24	-5.36	1.13	19.53
Operating Cash Flow to Interest Expense	12.94	18.29	18.95	0.07	22.05	19.63	15.88	17.20	22.89	40.48
Operating Cash Flow Less CapEx to Interest Expense	3.79	9.29	12.10	-9.56	11.60	12.65	11.19	7.08	9.82	23.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.08	1.09	1.09	1.05	0.98	0.91	0.89	0.87	0.90
Accounts Receivable Turnover	5.23	5.26	5.69	5.54	5.46	5.09	4.85	4.44	4.37	4.77
Inventory Turnover	3.36	3.50	3.13	2.98	2.99	3.11	3.24	3.26	3.17	3.42
Fixed Asset Turnover	3.74	3.88	3.86	3.73	3.52	3.16	2.98	2.77	2.64	2.66
Accounts Payable Turnover	4.04	4.53	4.79	3.93	4.31	5.11	5.61	4.50	4.70	5.62
Days Sales Outstanding (DSO)	69.86	69.44	64.18	65.87	66.82	71.78	75.22	82.16	83.43	76.57
Days Inventory Outstanding (DIO)	108.48	104.39	116.53	122.46	122.06	117.20	112.65	111.91	115.30	106.85
Days Payable Outstanding (DPO)	90.33	80.61	76.15	92.80	84.65	71.37	65.02	81.15	77.60	64.97
Cash Conversion Cycle (CCC)	88.00	93.22	104.57	95.54	104.23	117.62	122.85	112.92	121.13	118.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	342	360	384	484	511	529	536	533	557	547
Invested Capital Turnover	1.98	2.18	2.21	2.09	1.99	1.87	1.79	1.61	1.58	1.65
Increase / (Decrease) in Invested Capital	40	63	58	165	169	169	152	48	46	17
Enterprise Value (EV)	1,011	1,450	2,020	2,445	1,548	2,113	2,397	2,311	3,165	3,636
Market Capitalization	985	1,443	1,979	2,441	1,559	2,136	2,440	2,358	3,227	3,728
Book Value per Share	$6.54	$7.32	$8.33	$9.98	$10.85	$11.64	$12.21	$12.23	$13.05	$13.43
Tangible Book Value per Share	$5.99	$6.77	$7.78	$9.44	$10.29	$11.06	$11.63	$11.65	$12.47	$12.84
Total Capital	482	520	570	647	689	718	732	717	738	740
Total Debt	169	169	170	170	170	170	158	142	125	109
Total Long-Term Debt	168	169	169	169	167	163	155	140	123	108
Net Debt	25	5.93	39	2.19	-13	-23	-42	-47	-62	-91
Capital Expenditures (CapEx)	21	25	16	22	24	16	9.89	20	24	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	113	117	127	186	180	174	179	176	177	158
Debt-free Net Working Capital (DFNWC)	200	223	258	293	301	307	317	306	301	295
Net Working Capital (NWC)	200	222	257	293	298	300	314	304	300	294
Net Nonoperating Expense (NNE)	0.16	-3.26	0.42	-0.91	-0.40	-0.32	0.10	2.66	-1.30	-0.06
Net Nonoperating Obligations (NNO)	28	9.55	-17	6.53	-8.83	-19	-37	-42	-56	-84
Total Depreciation and Amortization (D&A)	4.63	4.60	4.77	5.15	5.93	6.04	6.31	6.48	6.94	6.74
Debt-free, Cash-free Net Working Capital to Revenue	17.80%	16.34%	16.17%	22.17%	21.16%	20.94%	21.69%	21.58%	20.89%	17.72%
Debt-free Net Working Capital to Revenue	31.40%	31.10%	32.82%	34.90%	35.45%	36.83%	38.54%	37.41%	35.65%	33.17%
Net Working Capital to Revenue	31.33%	31.03%	32.72%	34.83%	35.08%	35.99%	38.14%	37.15%	35.44%	33.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$1.15	$1.01	$1.10	$0.97	$0.78	$0.63	$0.75	$1.05	$1.00
Adjusted Weighted Average Basic Shares Outstanding	47.67M	47.67M	47.67M	47.67M	47.60M	47.51M	47.00M	47.00M	47.00M	47.00M
Adjusted Diluted Earnings per Share	$0.98	$1.15	$1.01	$1.10	$0.97	$0.78	$0.63	$0.75	$1.05	$1.00
Adjusted Weighted Average Diluted Shares Outstanding	47.67M	47.67M	47.67M	47.67M	47.60M	47.51M	47.00M	47.00M	47.00M	47.00M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.67M	47.67M	47.67M	47.67M	47.10M	47.00M	47.00M	47.00M	47.00M	46.99M
Normalized Net Operating Profit after Tax (NOPAT)	47	52	49	52	46	36	30	38	48	47
Normalized NOPAT Margin	23.34%	24.56%	24.08%	22.93%	21.68%	18.58%	15.48%	17.16%	20.24%	19.60%
Pre Tax Income Margin	34.64%	38.68%	36.05%	33.65%	29.20%	26.22%	21.23%	21.63%	29.17%	28.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	31.27	32.84	33.14	33.66	27.47	23.58	20.42	24.69	39.38	45.53
NOPAT to Interest Expense	20.94	19.04	21.47	22.26	19.66	16.01	14.16	18.79	26.64	31.10
EBIT Less CapEx to Interest Expense	22.12	23.84	26.29	24.04	17.01	16.60	15.72	14.57	26.31	28.51
NOPAT Less CapEx to Interest Expense	11.79	10.04	14.62	12.63	9.20	9.03	9.47	8.67	13.56	14.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.75%	8.23%	7.26%	7.16%	7.78%	8.95%	10.36%	12.19%	12.50%	12.24%
Augmented Payout Ratio	8.75%	8.23%	7.26%	7.19%	12.18%	21.78%	10.36%	28.14%	22.23%	12.42%

Frequently Asked Questions About Tecnoglass' Financials

When does Tecnoglass's financial year end?

According to the most recent income statement we have on file, Tecnoglass' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tecnoglass' net income changed over the last 9 years?

Tecnoglass' net income appears to be on an upward trend, with a most recent value of $161.31 million in 2024, falling from -$11.02 million in 2015. The previous period was $183.51 million in 2023. Check out Tecnoglass' forecast to explore projected trends and price targets.

What is Tecnoglass's operating income?

Tecnoglass's total operating income in 2024 was $227.00 million, based on the following breakdown:

Total Gross Profit: $379.97 million
Total Operating Expenses: $152.97 million

How has Tecnoglass revenue changed over the last 9 years?

Over the last 9 years, Tecnoglass' total revenue changed from $242.24 million in 2015 to $890.18 million in 2024, a change of 267.5%.

How much debt does Tecnoglass have?

Tecnoglass' total liabilities were at $385.47 million at the end of 2024, a 7.0% decrease from 2023, and a 35.9% increase since 2015.

How much cash does Tecnoglass have?

In the past 9 years, Tecnoglass' cash and equivalents has ranged from $22.67 million in 2015 to $134.88 million in 2024, and is currently $134.88 million as of their latest financial filing in 2024.

How has Tecnoglass' book value per share changed over the last 9 years?

Over the last 9 years, Tecnoglass' book value per share changed from 1.42 in 2015 to 13.43 in 2024, a change of 847.2%.

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This page (NASDAQ:TGLS) was last updated on 5/5/2025 by MarketBeat.com Staff

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Tecnoglass (TGLS) Financials

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Tecnoglass (TGLS) Financials

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