NASDAQ : APOG
Apogee Enterprises, Inc. — Financial statements
Industrials · Building Products & Equipment · United States
Last price 45.24 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 945.32M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Apogee Enterprises, Inc. (APOG) reported revenue of 1.43B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.43B | 1.40B | 1.36B | 1.42B | 1.44B | 1.31B |
| Cost of Revenue | 1.10B | 1.07B | 987.51M | 1.04B | 1.11B | 1.01B |
| Gross Profit | 337.64M | 334.47M | 373.49M | 372.63M | 335.27M | 302.36M |
| Selling, General & Admin | 217.78M | 207.80M | 214.85M | 220.67M | 205.28M | 192.54M |
| Amortization of Goodwill & Intangibles | 10.60M | 10.60M | 8.90M | 4.90M | 4.20M | 7.80M |
| Operating Expenses | 228.38M | 218.40M | 223.75M | 225.57M | 209.49M | 200.34M |
| Operating Income | 109.26M | 116.07M | 149.74M | 147.05M | 125.79M | 102.02M |
| Interest Expense | -14.90M | -16.45M | -8.80M | -7.99M | -8.43M | -4.56M |
| Interest & Investment Income | 2.45M | 2.48M | 2.64M | 1.32M | 774.00K | 794.00K |
| Other Non Operating Income (Expenses) | 2.91M | 6.96M | 623.00K | 2.09M | -1.51M | -1.41M |
| EBT Excluding Unusual Items | 99.73M | 109.06M | 144.20M | 142.47M | 116.62M | 96.84M |
| Merger & Restructuring Charges | -11.60M | -29.50M | -14.60M | -12.40M | -30.50M | |
| Gain (Loss) on Sale of Investments | -3.00M | |||||
| Asset Writedown | 7.42M | -7.63M | -821.00K | -49.47M | ||
| Legal Settlements | -9.39M | |||||
| Other Unusual Items | -2.10M | -2.10M | ||||
| Pretax Income | 93.45M | 77.46M | 112.57M | 129.25M | 116.62M | 13.87M |
| Income Tax Expense | 26.36M | 23.32M | 27.52M | 29.64M | 12.51M | 10.38M |
| Net Income | 67.09M | 54.13M | 85.05M | 99.61M | 104.11M | 3.49M |
| Net Income to Common | 67.09M | 54.13M | 85.05M | 99.61M | 104.11M | 3.49M |
| Shares Outstanding (Basic) | 21.05M | 21.30M | 21.73M | 21.87M | 22.01M | 24.92M |
| Shares Outstanding (Diluted) | 21.24M | 21.52M | 21.89M | 22.09M | 22.42M | 25.29M |
| EPS (Basic) | 3.19 | 2.54 | 3.91 | 4.55 | 4.73 | 0.14 |
| EPS (Diluted) | 3.16 | 2.52 | 3.89 | 4.51 | 4.64 | 0.14 |
| Free Cash Flow | 95.17M | 95.16M | 89.57M | 160.97M | 57.52M | 78.63M |
| Free Cash Flow Per Share | 4.48 | 4.42 | 4.09 | 7.29 | 2.57 | 3.11 |
| Dividend Per Share | 1.07 | 1.05 | 1.01 | 0.97 | 0.90 | 0.82 |
| Gross Margin | 23.55% | 23.81% | 27.44% | 26.30% | 23.27% | 23.01% |
| Operating Margin | 7.62% | 8.26% | 11.00% | 10.38% | 8.73% | 7.76% |
| Profit Margin | 4.68% | 3.85% | 6.25% | 7.03% | 7.23% | 0.27% |
| Free Cash Flow Margin | 6.64% | 6.77% | 6.58% | 11.36% | 3.99% | 5.98% |
| EBITDA | 160.89M | 166.07M | 194.34M | 188.64M | 168.19M | 152.01M |
| EBITDA Margin | 11.22% | 11.82% | 14.28% | 13.31% | 11.67% | 11.57% |
| D&A For EBITDA | 51.62M | 50.00M | 44.61M | 41.59M | 42.40M | 49.99M |
| EBIT | 109.26M | 116.07M | 149.74M | 147.05M | 125.79M | 102.02M |
| EBIT Margin | 7.62% | 8.26% | 11.00% | 10.38% | 8.73% | 7.76% |
| Effective Tax Rate | 28.21% | 30.11% | 24.45% | 22.93% | 10.73% | 74.87% |
| Advertising Expenses | 1.20M | 1.20M |
Balance sheet
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 36.53M | 39.52M | 41.45M | 37.22M | 19.92M | 37.58M |
| Short-Term Investments | 6.14M | 4.80M | ||||
| Trading Asset Securities | 1.29M | 1.82M | 718.00K | |||
| Cash & Short-Term Investments | 36.53M | 45.66M | 46.25M | 38.51M | 21.74M | 38.30M |
| Accounts Receivable | 275.13M | 258.03M | 257.43M | 223.06M | 256.67M | 199.00M |
| Other Receivables | 10.80M | 10.41M | ||||
| Receivables | 275.13M | 268.82M | 267.84M | 223.06M | 256.67M | 199.00M |
| Inventory | 116.76M | 98.06M | 92.31M | 69.24M | 78.44M | 80.49M |
| Prepaid Expenses | 15.97M | 17.16M | ||||
| Restricted Cash | 1.55M | |||||
| Other Current Assets | 43.89M | 10.91M | 18.56M | 27.83M | 24.70M | 20.10M |
| Total Current Assets | 472.31M | 439.43M | 442.10M | 358.64M | 383.10M | 337.89M |
| Property, Plant & Equipment | 319.88M | 303.77M | 330.45M | 284.44M | 290.22M | 297.91M |
| Long-Term Investments | 8.78M | 5.16M | ||||
| Goodwill | 255.50M | 236.74M | 235.78M | 129.18M | 129.03M | 130.10M |
| Other Intangible Assets | 154.38M | 111.26M | 128.42M | 66.11M | 67.38M | 72.48M |
| Other Long-Term Assets | 42.03M | 22.36M | 33.36M | 45.69M | 45.64M | 49.48M |
| Total Assets | 1.24B | 1.12B | 1.18B | 884.06M | 915.37M | 887.86M |
| Accounts Payable | 89.42M | 105.48M | 98.80M | 84.75M | 86.55M | 92.10M |
| Accrued Expenses | 45.51M | 50.90M | 66.75M | 71.39M | 66.10M | 59.77M |
| Current Portion of Long-Term Debt | 701.00K | 1.00M | ||||
| Current Portion of Leases | 14.62M | 14.73M | 15.29M | 12.29M | 11.81M | 12.74M |
| Current Income Taxes Payable | 6.21M | 5.81M | 7.20M | 7.13M | 15.77M | |
| Current Unearned Revenue | 59.34M | 60.90M | 35.19M | 34.76M | 28.01M | 11.37M |
| Other Current Liabilities | 55.05M | 28.64M | 63.61M | 34.31M | 42.96M | 40.18M |
| Total Current Liabilities | 264.64M | 266.86M | 285.46M | 244.71M | 242.55M | 232.95M |
| Long-Term Debt | 335.55M | 232.28M | 285.00M | 62.00M | 169.84M | 162.00M |
| Long-Term Leases | 32.35M | 39.38M | 51.63M | 31.91M | 33.07M | 39.59M |
| Long-Term Unearned Revenue | 9.86M | 10.15M | 10.27M | 10.35M | ||
| Pension & Post-Retirement Benefits | 4.52M | 4.64M | 4.77M | 5.75M | 7.04M | |
| Long-Term Deferred Tax Liabilities | 17.02M | 1.26M | 1.46M | 1.42M | 2.30M | |
| Other Long-Term Liabilities | 88.23M | 40.64M | 49.23M | 57.93M | 55.98M | 57.79M |
| Total Liabilities | 720.77M | 610.55M | 687.37M | 413.04M | 518.96M | 501.66M |
| Common Stock | 6.96M | 7.07M | 7.14M | 7.36M | 7.41M | 7.90M |
| Additional Paid-In Capital | 160.04M | 159.09M | 156.07M | 152.82M | 146.82M | 149.71M |
| Retained Earnings | 386.05M | 376.44M | 359.98M | 340.38M | 273.74M | 254.82M |
| Comprehensive Income & Other | -29.72M | -30.80M | -35.29M | -29.53M | -31.56M | -26.24M |
| Shareholders' Equity | 523.33M | 511.79M | 487.90M | 471.02M | 396.41M | 386.20M |
| Total Liabilities & Equity | 1.24B | 1.12B | 1.18B | 884.06M | 915.37M | 887.86M |
| Total Debt | 383.21M | 286.38M | 351.92M | 106.19M | 214.72M | 215.34M |
| Net Cash (Debt) | -346.69M | -231.94M | -300.51M | -67.69M | -192.97M | -177.03M |
| Net Cash Per Share | -16.32 | -10.78 | -13.73 | -3.06 | -8.61 | -7.00 |
| Filing Date Shares Outstanding | 20.90M | 21.22M | 21.42M | 22.13M | 22.27M | 22.35M |
| Total Common Shares Outstanding | 20.89M | 21.22M | 21.42M | 22.09M | 22.22M | 23.70M |
| Working Capital | 207.67M | 172.58M | 156.65M | 113.93M | 140.55M | 104.95M |
| Book Value Per Share | 25.05 | 24.12 | 22.78 | 21.32 | 17.84 | 16.29 |
| Tangible Book Value | 113.45M | 163.79M | 123.71M | 275.73M | 200.01M | 183.62M |
| Tangible Book Value Per Share | 5.43 | 7.72 | 5.78 | 12.48 | 9.00 | 7.75 |
| Land | 3.50M | 3.46M | 3.64M | 3.60M | 3.58M | |
| Buildings | 206.31M | 195.21M | 189.68M | 188.95M | 185.77M | |
| Machinery | 501.82M | 489.94M | 453.82M | 446.19M | 450.13M | |
| Construction In Progress | 26.18M | 49.01M | 42.10M | 41.84M | 15.08M | |
| Order Backlog | 693.80M | 720.30M |
Cash flow statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 67.09M | 54.13M | 85.05M | 99.61M | 104.11M | 3.49M |
| Depreciation & Amortization | 51.62M | 50.00M | 44.61M | 41.59M | 42.40M | 49.99M |
| Loss (Gain) From Sale of Assets | -3.81M | -20.99M | ||||
| Asset Writedown & Restructuring Costs | 4.06M | 11.48M | 7.63M | 7.02M | 70.97M | |
| Stock-Based Compensation | 10.40M | 8.25M | 10.72M | 9.72M | 8.66M | 6.29M |
| Other Operating Activities | 5.12M | 13.65M | 16.34M | 1.90M | 8.96M | 3.19M |
| Change in Accounts Receivable | -5.85M | 174.00K | -23.13M | 33.87M | -65.68M | 6.62M |
| Change in Inventory | -5.54M | -5.34M | -5.81M | 9.37M | 1.73M | -7.71M |
| Change in Accounts Payable | -7.49M | 5.51M | 9.60M | -2.65M | -5.49M | 14.74M |
| Change in Unearned Revenue | 8.29M | 25.65M | 598.00K | 6.59M | 20.95M | -14.29M |
| Change in Income Taxes | 17.29M | 3.86M | -5.12M | 6.52M | -6.98M | 11.02M |
| Change in Other Net Operating Assets | -16.56M | -44.89M | -15.32M | -9.39M | -2.15M | -22.86M |
| Operating Cash Flow | 128.44M | 122.47M | 125.16M | 204.15M | 102.70M | 100.47M |
| Capital Expenditures | -33.28M | -27.31M | -35.59M | -43.18M | -45.18M | -21.84M |
| Sale of Property, Plant & Equipment | 1.63M | 1.63M | 693.00K | 293.00K | 7.75M | 30.60M |
| Cash Acquisitions | -99.57M | -232.17M | ||||
| Investment in Securities | -12.07M | -4.85M | 1.18M | -788.00K | 9.71M | 525.00K |
| Other Investing Activities | 1.81M | |||||
| Investing Cash Flow | -141.47M | -30.53M | -265.89M | -43.67M | -27.71M | 9.28M |
| Long-Term Debt Issued | 93.00M | 327.20M | 196.96M | 485.88M | ||
| Long-Term Debt Repaid | -145.72M | -104.20M | -304.82M | -478.87M | -2.00M | |
| Net Debt Issued (Repaid) | 65.54M | -52.72M | 223.00M | -107.85M | 7.01M | -2.00M |
| Issuance of Common Stock | 4.12M | |||||
| Repurchase of Common Stock | -31.10M | -15.00M | -45.36M | -11.82M | -74.31M | -100.41M |
| Common Dividends Paid | -22.35M | -22.22M | -21.74M | -21.13M | -19.67M | -20.27M |
| Other Financing Activities | -4.27M | -6.24M | -9.85M | -3.80M | -4.05M | -2.01M |
| Financing Cash Flow | 7.83M | -96.18M | 146.05M | -144.61M | -91.02M | -120.57M |
| Foreign Exchange Rate Adjustments | 2.21M | 2.31M | -1.09M | -129.00K | -73.00K | 1.12M |
| Net Cash Flow | -3.00M | -1.93M | 4.23M | 15.74M | -16.11M | -9.69M |
| Free Cash Flow | 95.17M | 95.16M | 89.57M | 160.97M | 57.52M | 78.63M |
| Free Cash Flow Margin | 6.64% | 6.77% | 6.58% | 11.36% | 3.99% | 5.98% |
| Free Cash Flow Per Share | 4.48 | 4.42 | 4.09 | 7.29 | 2.57 | 3.11 |
| Levered Free Cash Flow | 69.97M | 77.25M | 69.85M | 137.95M | 29.00M | 116.06M |
| Unlevered Free Cash Flow | 79.28M | 87.53M | 75.35M | 142.94M | 34.27M | 118.91M |
| Cash Interest Paid | 14.40M | 16.70M | 8.10M | 9.30M | 8.20M | 3.50M |
| Cash Income Tax Paid | 4.10M | 4.10M | 29.60M | 33.00M | 27.40M | 8.20M |
| Change in Working Capital | -9.85M | -15.03M | -39.20M | 44.31M | -57.61M | -12.47M |
Ratios
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 945.32M | 856.53M | 1.05B | 1.26B | 1.02B | 1.13B |
| Enterprise Value | 1.29B | 1.12B | 1.35B | 1.38B | 1.25B | 1.27B |
| Last Close Price | 45.24 | 38.99 | 45.72 | 53.57 | 42.14 | 40.94 |
| PE Ratio | 14.31 | 15.82 | 12.37 | 12.66 | 9.79 | 324.76 |
| Forward PE | 13.38 | 12.94 | 12.20 | 12.71 | 12.30 | 16.32 |
| PS Ratio | 0.66 | 0.61 | 0.77 | 0.89 | 0.71 | 0.86 |
| PB Ratio | 1.81 | 1.67 | 2.16 | 2.68 | 2.57 | 2.93 |
| P/TBV Ratio | 8.33 | 5.23 | 8.51 | 4.57 | 5.10 | 6.17 |
| P/FCF Ratio | 9.93 | 9.00 | 11.75 | 7.83 | 17.72 | 14.40 |
| P/OCF Ratio | 7.36 | 6.99 | 8.41 | 6.18 | 9.92 | 11.27 |
| PEG Ratio | 1.49 | 1.36 | 1.35 | 1.27 | 1.16 | 1.54 |
| EV/Sales Ratio | 0.90 | 0.80 | 0.99 | 0.97 | 0.87 | 0.97 |
| EV/EBITDA Ratio | 8.03 | 6.73 | 6.94 | 7.31 | 7.42 | 8.37 |
| EV/EBIT Ratio | 11.82 | 9.63 | 9.01 | 9.37 | 9.91 | 12.47 |
| EV/FCF Ratio | 13.58 | 11.75 | 15.06 | 8.56 | 21.68 | 16.18 |
| Debt / Equity Ratio | 0.73 | 0.56 | 0.72 | 0.23 | 0.54 | 0.56 |
| Debt / EBITDA Ratio | 2.06 | 1.52 | 1.66 | 0.52 | 1.16 | 1.27 |
| Debt / FCF Ratio | 4.03 | 3.01 | 3.93 | 0.66 | 3.73 | 2.74 |
| Net Debt / Equity Ratio | 0.66 | 0.45 | 0.62 | 0.14 | 0.49 | 0.46 |
| Net Debt / EBITDA Ratio | 2.15 | 1.40 | 1.55 | 0.36 | 1.15 | 1.17 |
| Net Debt / FCF Ratio | 3.64 | 2.44 | 3.35 | 0.42 | 3.35 | 2.25 |
| Asset Turnover | 1.20 | 1.22 | 1.32 | 1.57 | 1.60 | 1.38 |
| Inventory Turnover | 10.00 | 11.24 | 12.23 | 14.14 | 13.91 | 13.20 |
| Quick Ratio | 1.18 | 1.18 | 1.10 | 1.07 | 1.15 | 1.02 |
| Current Ratio | 1.78 | 1.65 | 1.55 | 1.47 | 1.58 | 1.45 |
| Return on Equity (ROE) | 13.11% | 10.83% | 17.74% | 22.97% | 26.61% | 0.79% |
| Return on Assets (ROA) | 5.69% | 6.31% | 9.09% | 10.21% | 8.72% | 6.70% |
| Return on Invested Capital (ROIC) | 9.58% | 10.49% | 16.98% | 20.09% | 19.48% | 4.15% |
| Return on Capital Employed (ROCE) | 11.20% | 13.60% | 16.80% | 23.00% | 18.70% | 15.60% |
| Earnings Yield | 6.99% | 6.32% | 8.08% | 7.90% | 10.21% | 0.31% |
| FCF Yield | 10.07% | 11.11% | 8.51% | 12.77% | 5.64% | 6.94% |
| Dividend Yield | 2.39% | 2.60% | 2.05% | 1.70% | 1.96% | 1.72% |
| Payout Ratio | 34.17% | 41.04% | 25.56% | 21.21% | 18.89% | 581.35% |
| Buyback Yield / Dilution | 2.01% | 1.71% | 0.91% | 1.45% | 11.37% | 3.85% |
| Total Shareholder Return | 4.40% | 4.31% | 2.96% | 3.15% | 13.33% | 5.56% |