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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Axos Financial, Inc. (AX). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $351.4M, roughly 1.1× APOGEE ENTERPRISES, INC.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 4.7%, a 28.6% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 1.6%). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% 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.
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
APOG vs AX — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $385.1M |
| Net Profit | $16.6M | $128.4M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 45.6% |
| Net Margin | 4.7% | 33.3% |
| Revenue YoY | 1.6% | 25.1% |
| Net Profit YoY | 568.8% | 22.6% |
| EPS (diluted) | $0.78 | $2.22 |
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 | $385.1M | ||
| Q3 25 | $358.2M | $323.4M | ||
| Q2 25 | $346.6M | $321.4M | ||
| Q1 25 | $345.7M | $308.8M | ||
| Q4 24 | $341.3M | $307.9M | ||
| Q3 24 | $342.4M | $320.7M | ||
| Q2 24 | $331.5M | $290.9M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $128.4M | ||
| Q3 25 | $23.6M | $112.4M | ||
| Q2 25 | $-2.7M | $110.7M | ||
| Q1 25 | $2.5M | $105.2M | ||
| Q4 24 | $21.0M | $104.7M | ||
| Q3 24 | $30.6M | $112.3M | ||
| Q2 24 | $31.0M | $104.9M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 45.6% | ||
| Q3 25 | 7.5% | 46.3% | ||
| Q2 25 | 2.0% | 48.5% | ||
| Q1 25 | 1.8% | 47.9% | ||
| Q4 24 | 8.4% | 48.8% | ||
| Q3 24 | 12.3% | 49.6% | ||
| Q2 24 | 12.5% | 49.6% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 33.3% | ||
| Q3 25 | 6.6% | 34.7% | ||
| Q2 25 | -0.8% | 34.4% | ||
| Q1 25 | 0.7% | 34.1% | ||
| Q4 24 | 6.1% | 34.0% | ||
| Q3 24 | 8.9% | 35.0% | ||
| Q2 24 | 9.4% | 36.0% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $2.22 | ||
| Q3 25 | $1.10 | $1.94 | ||
| Q2 25 | $-0.13 | $1.89 | ||
| Q1 25 | $0.12 | $1.81 | ||
| Q4 24 | $0.96 | $1.80 | ||
| Q3 24 | $1.40 | $1.93 | ||
| Q2 24 | $1.41 | $1.75 |
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 | $1.0B |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $2.9B |
| Total Assets | $1.1B | $28.2B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $1.0B | ||
| Q3 25 | $39.5M | $2.6B | ||
| Q2 25 | $32.8M | $1.9B | ||
| Q1 25 | $41.4M | $2.0B | ||
| Q4 24 | $43.9M | $2.4B | ||
| Q3 24 | $51.0M | $2.6B | ||
| Q2 24 | $30.4M | $2.0B |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $312.7M | ||
| Q1 25 | $285.0M | $377.4M | ||
| Q4 24 | — | $358.7M | ||
| Q3 24 | — | $313.5M | ||
| Q2 24 | — | $325.7M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $2.9B | ||
| Q3 25 | $500.2M | $2.8B | ||
| Q2 25 | $481.8M | $2.7B | ||
| Q1 25 | $487.9M | $2.6B | ||
| Q4 24 | $522.1M | $2.5B | ||
| Q3 24 | $506.4M | $2.4B | ||
| Q2 24 | $480.0M | $2.3B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $28.2B | ||
| Q3 25 | $1.2B | $27.4B | ||
| Q2 25 | $1.2B | $24.8B | ||
| Q1 25 | $1.2B | $24.0B | ||
| Q4 24 | $1.2B | $23.7B | ||
| Q3 24 | $917.1M | $23.6B | ||
| Q2 24 | $889.0M | $22.9B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | 0.58× | 0.14× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | $104.1M |
| Free Cash FlowOCF − Capex | — | $85.4M |
| FCF MarginFCF / Revenue | — | 22.2% |
| Capex IntensityCapex / Revenue | 7.8% | 4.9% |
| Cash ConversionOCF / Net Profit | 7.37× | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $695.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $104.1M | ||
| Q3 25 | $57.1M | $118.4M | ||
| Q2 25 | $-19.8M | $490.3M | ||
| Q1 25 | $30.0M | $73.7M | ||
| Q4 24 | $31.0M | $162.5M | ||
| Q3 24 | $58.7M | $70.8M | ||
| Q2 24 | $5.5M | $305.5M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $85.4M | ||
| Q3 25 | $52.4M | $109.3M | ||
| Q2 25 | $-26.9M | $436.1M | ||
| Q1 25 | $19.1M | $65.1M | ||
| Q4 24 | $22.0M | $156.4M | ||
| Q3 24 | $50.2M | $53.0M | ||
| Q2 24 | $-1.8M | $269.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 22.2% | ||
| Q3 25 | 14.6% | 33.8% | ||
| Q2 25 | -7.8% | 135.7% | ||
| Q1 25 | 5.5% | 21.1% | ||
| Q4 24 | 6.4% | 50.8% | ||
| Q3 24 | 14.7% | 16.5% | ||
| Q2 24 | -0.5% | 92.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 1.3% | 2.8% | ||
| Q2 25 | 2.1% | 16.9% | ||
| Q1 25 | 3.2% | 2.8% | ||
| Q4 24 | 2.6% | 2.0% | ||
| Q3 24 | 2.5% | 5.5% | ||
| Q2 24 | 2.2% | 12.4% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 0.81× | ||
| Q3 25 | 2.41× | 1.05× | ||
| Q2 25 | — | 4.43× | ||
| Q1 25 | 12.08× | 0.70× | ||
| Q4 24 | 1.48× | 1.55× | ||
| Q3 24 | 1.92× | 0.63× | ||
| Q2 24 | 0.18× | 2.91× |
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% |
AX
Segment breakdown not available.
