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Tecnoglass TGLS Progress Payments Netted Against Inventory For Long Term Contracts Or Programs

Progress Payments Netted Against Inventory For Long Term Contracts Or Programs at other companies

Tecnoglass logo
TecnoglassTGLS
$52.46M+11.3%
Acadia Pharmaceuticals logo
Acadia PharmaceuticalsACAD
$76.3M-9.6%
Huntington Ingalls Industries logo
Huntington Ingalls IndustriesHII
$6M
ADT logo
ADTADT
-$35.14M+33.6%
Host Hotels & Resorts logo
Host Hotels & ResortsHST
$8M-66.7%
Host Hotels & Resorts logo
Host Hotels & ResortsHST
$8M-66.7%

Other financials

Income statement

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Revenue$295.3M+15.6%
Gross profit$110.0M-3.8%
Operating income$36.5M-40.3%
Net income$24.6M-44.3%
EPS (diluted)$0.55-41.5%

Balance sheet

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Cash & equivalents$80.8M-41.4%
Total debt$229.3M+110%
Total equity$788.8M+7.2%
Total assets$1.4B+21.1%

Cash flow

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Operating cash flow$4.4M-75.4%
CapEx$35.4M+8.9%
Free cash flow-$31.0M

Valuation

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Market cap$1.96B-46.1%
Enterprise value$2.11B-41.6%
P/E15.1×-4.8×
P/S1.9×-1.9×

Profitability

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Gross margin39.6%-5.2pp
Operating margin18.3%-8.5pp
Net margin12.4%-6.8pp
FCF margin-0.8%

Returns & leverage

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Return on equity17%-10.9pp
Debt / equity0.3×+0.1×
Current ratio1.9×-0.1×

Where this comes from

Reported directly by Tecnoglass in its filing.

Tagged under the XBRL concept us-gaap:ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms.

The source filing: Tecnoglass’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:30 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001493152-26-036362
Line itemJune 30, 2026December 31, 2025
Billings in excess of costs$122,407$104,376
Advances from customers on uncompleted contracts52,46347,054
Total contract liabilities174,780151,430
Less: current portion173,825149,442
Contract liabilities – non-current$1,045$1,988

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FAQ

What is Tecnoglass's progress payments netted against inventory for long term contracts or programs?
Tecnoglass (TGLS) reported progress payments netted against inventory for long term contracts or programs of $52.46M in Q2 2026.
How has Tecnoglass's progress payments netted against inventory for long term contracts or programs changed year-over-year?
Tecnoglass's progress payments netted against inventory for long term contracts or programs increased by 11.3% year-over-year, from $47.12M to $52.46M.
What is the long-term trend for Tecnoglass's progress payments netted against inventory for long term contracts or programs?
Over 5 years (2020 to 2025), Tecnoglass's progress payments netted against inventory for long term contracts or programs has grown at a 17.5% compound annual growth rate (CAGR), from $21.03M to $47.05M.
What does progress payments netted against inventory for long term contracts or programs mean?
This represents customer payments received in advance of final delivery that are applied to reduce the carrying value of inventory related to long-term contracts. It reflects the company's ability to finance production through customer deposits rather than external debt. This metric is a key indicator of efficient working capital management in project-based businesses.

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