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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and ASTRONICS CORP (ATRO). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $240.1M, roughly 1.5× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 1.6%). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% 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.
Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.
APOG vs ATRO — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $240.1M |
| Net Profit | $16.6M | — |
| Gross Margin | 22.4% | 33.3% |
| Operating Margin | 7.3% | 14.8% |
| Net Margin | 4.7% | — |
| Revenue YoY | 1.6% | 15.1% |
| Net Profit YoY | 568.8% | — |
| EPS (diluted) | $0.78 | $0.82 |
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 | $240.1M | ||
| Q3 25 | $358.2M | $211.4M | ||
| Q2 25 | $346.6M | $204.7M | ||
| Q1 25 | $345.7M | $205.9M | ||
| Q4 24 | $341.3M | $208.5M | ||
| Q3 24 | $342.4M | $203.7M | ||
| Q2 24 | $331.5M | $198.1M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $-11.1M | ||
| Q2 25 | $-2.7M | $1.3M | ||
| Q1 25 | $2.5M | $9.5M | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | $-11.7M | ||
| Q2 24 | $31.0M | $1.5M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 33.3% | ||
| Q3 25 | 23.1% | 30.5% | ||
| Q2 25 | 21.7% | 25.8% | ||
| Q1 25 | 21.6% | 29.5% | ||
| Q4 24 | 26.1% | 29.8% | ||
| Q3 24 | 28.4% | 27.1% | ||
| Q2 24 | 29.8% | 28.0% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 14.8% | ||
| Q3 25 | 7.5% | 10.9% | ||
| Q2 25 | 2.0% | 2.3% | ||
| Q1 25 | 1.8% | 6.4% | ||
| Q4 24 | 8.4% | 4.3% | ||
| Q3 24 | 12.3% | 4.1% | ||
| Q2 24 | 12.5% | 3.8% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | -5.2% | ||
| Q2 25 | -0.8% | 0.6% | ||
| Q1 25 | 0.7% | 4.6% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | -5.8% | ||
| Q2 24 | 9.4% | 0.8% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.82 | ||
| Q3 25 | $1.10 | $-0.31 | ||
| Q2 25 | $-0.13 | $0.04 | ||
| Q1 25 | $0.12 | $0.26 | ||
| Q4 24 | $0.96 | $-0.07 | ||
| Q3 24 | $1.40 | $-0.34 | ||
| Q2 24 | $1.41 | $0.04 |
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 | $18.2M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $140.1M |
| Total Assets | $1.1B | $706.7M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $18.2M | ||
| Q3 25 | $39.5M | $13.5M | ||
| Q2 25 | $32.8M | $13.5M | ||
| Q1 25 | $41.4M | $24.8M | ||
| Q4 24 | $43.9M | $9.3M | ||
| Q3 24 | $51.0M | $5.2M | ||
| Q2 24 | $30.4M | $2.9M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $140.1M | ||
| Q3 25 | $500.2M | $108.9M | ||
| Q2 25 | $481.8M | $271.6M | ||
| Q1 25 | $487.9M | $266.8M | ||
| Q4 24 | $522.1M | $256.1M | ||
| Q3 24 | $506.4M | $249.2M | ||
| Q2 24 | $480.0M | $257.9M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $706.7M | ||
| Q3 25 | $1.2B | $682.2M | ||
| Q2 25 | $1.2B | $646.7M | ||
| Q1 25 | $1.2B | $662.2M | ||
| Q4 24 | $1.2B | $648.8M | ||
| Q3 24 | $917.1M | $651.6M | ||
| Q2 24 | $889.0M | $644.9M |
| 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 | $27.6M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | 7.8% | 4.9% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $27.6M | ||
| Q3 25 | $57.1M | $34.2M | ||
| Q2 25 | $-19.8M | $-7.6M | ||
| Q1 25 | $30.0M | $20.6M | ||
| Q4 24 | $31.0M | $26.4M | ||
| Q3 24 | $58.7M | $8.4M | ||
| Q2 24 | $5.5M | $-6.3M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $15.8M | ||
| Q3 25 | $52.4M | $21.0M | ||
| Q2 25 | $-26.9M | $-12.2M | ||
| Q1 25 | $19.1M | $18.5M | ||
| Q4 24 | $22.0M | $23.2M | ||
| Q3 24 | $50.2M | $6.5M | ||
| Q2 24 | $-1.8M | $-8.1M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 6.6% | ||
| Q3 25 | 14.6% | 9.9% | ||
| Q2 25 | -7.8% | -6.0% | ||
| Q1 25 | 5.5% | 9.0% | ||
| Q4 24 | 6.4% | 11.1% | ||
| Q3 24 | 14.7% | 3.2% | ||
| Q2 24 | -0.5% | -4.1% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 1.3% | 6.2% | ||
| Q2 25 | 2.1% | 2.2% | ||
| Q1 25 | 3.2% | 1.0% | ||
| Q4 24 | 2.6% | 1.5% | ||
| Q3 24 | 2.5% | 0.9% | ||
| Q2 24 | 2.2% | 0.9% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | -5.81× | ||
| Q1 25 | 12.08× | 2.17× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | -4.08× |
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% |
ATRO
| Product Line Electrical Power And Motion | $113.8M | 47% |
| Product Line Avionics | $32.0M | 13% |
| Military Aircraft | $28.0M | 12% |
| General Aviation | $22.3M | 9% |
| Government And Defense | $20.5M | 9% |
| Product Line Systems Certification | $13.2M | 6% |
| Product Line Structures | $3.7M | 2% |
| Product Line Other | $2.3M | 1% |
