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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and APPIAN CORP (APPN). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $202.9M, roughly 1.7× APPIAN CORP). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -2.5%, a 7.2% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 1.6%). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
APOG vs APPN — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $202.9M |
| Net Profit | $16.6M | $-5.1M |
| Gross Margin | 22.4% | 64.8% |
| Operating Margin | 7.3% | -0.3% |
| Net Margin | 4.7% | -2.5% |
| Revenue YoY | 1.6% | 21.7% |
| Net Profit YoY | 568.8% | 62.6% |
| EPS (diluted) | $0.78 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $202.9M | ||
| Q3 25 | $358.2M | $187.0M | ||
| Q2 25 | $346.6M | $170.6M | ||
| Q1 25 | $345.7M | $166.4M | ||
| Q4 24 | $341.3M | $166.7M | ||
| Q3 24 | $342.4M | $154.1M | ||
| Q2 24 | $331.5M | $146.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-5.1M | ||
| Q3 25 | $23.6M | $7.8M | ||
| Q2 25 | $-2.7M | $-312.0K | ||
| Q1 25 | $2.5M | $-1.2M | ||
| Q4 24 | $21.0M | $-13.6M | ||
| Q3 24 | $30.6M | $-2.1M | ||
| Q2 24 | $31.0M | $-43.6M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 64.8% | ||
| Q3 25 | 23.1% | 75.8% | ||
| Q2 25 | 21.7% | 74.3% | ||
| Q1 25 | 21.6% | 76.6% | ||
| Q4 24 | 26.1% | 67.8% | ||
| Q3 24 | 28.4% | 75.9% | ||
| Q2 24 | 29.8% | 73.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -0.3% | ||
| Q3 25 | 7.5% | 7.0% | ||
| Q2 25 | 2.0% | -6.4% | ||
| Q1 25 | 1.8% | -0.5% | ||
| Q4 24 | 8.4% | 3.0% | ||
| Q3 24 | 12.3% | -4.6% | ||
| Q2 24 | 12.5% | -26.8% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -2.5% | ||
| Q3 25 | 6.6% | 4.2% | ||
| Q2 25 | -0.8% | -0.2% | ||
| Q1 25 | 0.7% | -0.7% | ||
| Q4 24 | 6.1% | -8.2% | ||
| Q3 24 | 8.9% | -1.4% | ||
| Q2 24 | 9.4% | -29.8% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.06 | ||
| Q3 25 | $1.10 | $0.10 | ||
| Q2 25 | $-0.13 | $0.00 | ||
| Q1 25 | $0.12 | $-0.02 | ||
| Q4 24 | $0.96 | $-0.18 | ||
| Q3 24 | $1.40 | $-0.03 | ||
| Q2 24 | $1.41 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.5M | $187.2M |
| Total DebtLower is stronger | $232.3M | $240.8M |
| Stockholders' EquityBook value | $511.8M | $-47.0M |
| Total Assets | $1.1B | $691.4M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $187.2M | ||
| Q3 25 | $39.5M | $191.6M | ||
| Q2 25 | $32.8M | $184.8M | ||
| Q1 25 | $41.4M | $199.7M | ||
| Q4 24 | $43.9M | $159.9M | ||
| Q3 24 | $51.0M | $99.2M | ||
| Q2 24 | $30.4M | $120.8M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $240.8M | ||
| Q3 25 | — | $245.7M | ||
| Q2 25 | — | $245.6M | ||
| Q1 25 | $285.0M | $248.0M | ||
| Q4 24 | — | $250.4M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $254.0M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $-47.0M | ||
| Q3 25 | $500.2M | $-48.5M | ||
| Q2 25 | $481.8M | $-53.7M | ||
| Q1 25 | $487.9M | $-31.7M | ||
| Q4 24 | $522.1M | $-32.6M | ||
| Q3 24 | $506.4M | $-49.8M | ||
| Q2 24 | $480.0M | $-45.7M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $691.4M | ||
| Q3 25 | $1.2B | $611.7M | ||
| Q2 25 | $1.2B | $590.7M | ||
| Q1 25 | $1.2B | $592.9M | ||
| Q4 24 | $1.2B | $621.0M | ||
| Q3 24 | $917.1M | $549.9M | ||
| Q2 24 | $889.0M | $554.6M |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $122.5M | $1.1M |
| Free Cash FlowOCF − Capex | — | $270.0K |
| FCF MarginFCF / Revenue | — | 0.1% |
| Capex IntensityCapex / Revenue | 7.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $1.1M | ||
| Q3 25 | $57.1M | $18.7M | ||
| Q2 25 | $-19.8M | $-1.9M | ||
| Q1 25 | $30.0M | $45.0M | ||
| Q4 24 | $31.0M | $13.9M | ||
| Q3 24 | $58.7M | $-8.2M | ||
| Q2 24 | $5.5M | $-17.6M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $270.0K | ||
| Q3 25 | $52.4M | $18.1M | ||
| Q2 25 | $-26.9M | $-3.1M | ||
| Q1 25 | $19.1M | $44.3M | ||
| Q4 24 | $22.0M | $13.4M | ||
| Q3 24 | $50.2M | $-8.6M | ||
| Q2 24 | $-1.8M | $-18.3M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 0.1% | ||
| Q3 25 | 14.6% | 9.7% | ||
| Q2 25 | -7.8% | -1.8% | ||
| Q1 25 | 5.5% | 26.6% | ||
| Q4 24 | 6.4% | 8.0% | ||
| Q3 24 | 14.7% | -5.6% | ||
| Q2 24 | -0.5% | -12.5% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 2.1% | 0.7% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 2.6% | 0.3% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 2.2% | 0.5% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 2.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
