Tecnoglass Inc.
TGLS · Flat Glass · 44.4M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $23M (gross $23M, SBC $300K)
Reference price $40.27 · est. market cap ~$1.8B — last insider purchase, 2026-05-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Vertically integrated, low-cost glass and window leader with top-decile returns and margins, tempered by single-facility and Colombia concentration.
Strengths
- Top-decile profitability — ROA 12.7% (92nd pct), operating margin 23.5% (90th pct), interest coverage 38.7x (94th pct)
- Structural cost advantage from vertically integrated Colombian manufacturing; #1 small-cap and top-4 US glass fabricator
- Healthy net margin 16.2% (83rd pct) with positive FCF and growing US backlog
Risks
- Heavy reliance on a single Barranquilla manufacturing complex and customer concentration
- Colombia macro/FX and controlled-company governance risks
- Cyclical exposure to US new-construction and remodeling demand
Notable findings
- Strong balance sheetStrong balance sheet — $161M cash & investments
- Insider buyingInsider buying — 8 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$27M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
42.8%
Operating margin
23.5%
Net margin
16.2%
Return on assets
12.7%
Revenue growth (QoQ)
1.5%
Net-income growth
-1.1%
Net debt / EBITDA
0.0×
Interest coverage
38.7×
Current ratio
1.9×
Free cash flow
$34M
EBITDA
$268M
Cash & investments
$161M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-15 | Energy Holding Corp | Buy | 19K | $40.27 |
| 2026-05-14 | Energy Holding Corp | Buy | 81K | $40.56 |
| 2026-03-13 | Energy Holding Corp | Buy | 108K | $45.11 |
| 2026-03-12 | Energy Holding Corp | Buy | 108K | $45.28 |
| 2026-03-11 | Energy Holding Corp | Buy | 92K | $44.24 |
| 2026-03-10 | Energy Holding Corp | Buy | 108K | $43.41 |
| 2026-03-09 | Energy Holding Corp | Buy | 107K | $41.06 |
| 2026-03-06 | Carricarte Anne Louise | Buy | 1.1K | $43.27 |
| 2025-08-14 | Energy Holding Corp | Sell | 1.5M | $79.03 |
| 2025-05-13 | Energy Holding Corp | Sell | 1.5M | $82.30 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-25 | 0001493152-26-030133 ↗ |
| 8-K | 2026-06-16 | 2026-06-16 | 0001493152-26-028897 ↗ |
| 8-K | 2026-06-10 | 2026-06-10 | 0001493152-26-028043 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001493152-26-021974 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001493152-26-021602 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0001493152-26-015903 ↗ |
| 8-K | 2026-03-18 | 2026-03-18 | 0001493152-26-010814 ↗ |
| 10-K | 2026-03-02 | 2025-12-31 | 0001493152-26-008465 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001493152-26-008119 ↗ |
| 8-K | 2025-12-19 | 2025-12-19 | 0001493152-25-028586 ↗ |
| 8-K | 2025-12-10 | 2025-12-10 | 0001493152-25-027011 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001493152-25-021288 ↗ |