Tecnoglass Inc. manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It offers aluminum products, including bars, plates, profiles, rods, and tubes that are used in the …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 42.8% (top 6%) and operating margin at 23.5% (top 12%) indicate strong pricing power.
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.83), with robust interest coverage.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.29), suggesting weak customer stickiness.
Tecnoglass Inc. ranks #9 of 18
scored companies in Building Materials by moat score — the top 50%.
The widest moat in the group is United States Lime & Minerals, (USLM)
at 82/100.
Moat scores for companies ranked near TGLS in Building Materials
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 62
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 35
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 56
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 65
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 51
· 15% of the moat score
Scale matters only when it converts into economics.
Tecnoglass Inc. (TGLS) scores 58 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #9 of 18 scored companies in Building Materials, the top 50%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Building Materials. Its strongest defense is Pricing Power (75/100) and its weakest is Customer Stickiness (35/100).
How does Tecnoglass Inc. compare with other Building Materials companies?
Tecnoglass Inc. ranks #9 of 18 scored companies in Building Materials by moat score. The widest moat in Building Materials is United States Lime & Minerals, (USLM) at 82/100. The companies ranked closest are Cementos Pacasmayo S.A.A. (CPAC) at 60 just above it and Cemex, S.A.B. de C.V. Sponsored (CX) at 52 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Building Materials. The defenses are then weighted to produce the overall score out of 100.
Why is Tecnoglass Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Tecnoglass Inc.?
The Corporate Default template measures 6 defenses, and TGLS scores: Pricing Power (75), Cost Advantage (62), Customer Stickiness (35), Capital Efficiency (56), Resilience (65), Scale & Market Position (51). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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