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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Bandwidth Inc. (BAND). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $208.8M, roughly 1.7× Bandwidth Inc.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 1.9%, a 2.8% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 1.6%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% 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.
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
APOG vs BAND — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $208.8M |
| Net Profit | $16.6M | $4.0M |
| Gross Margin | 22.4% | 37.3% |
| Operating Margin | 7.3% | 60.5% |
| Net Margin | 4.7% | 1.9% |
| Revenue YoY | 1.6% | 20.1% |
| Net Profit YoY | 568.8% | 200.0% |
| EPS (diluted) | $0.78 | $-0.08 |
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 | $208.8M | ||
| Q4 25 | $348.6M | $207.7M | ||
| Q3 25 | $358.2M | $191.9M | ||
| Q2 25 | $346.6M | $180.0M | ||
| Q1 25 | $345.7M | $174.2M | ||
| Q4 24 | $341.3M | $210.0M | ||
| Q3 24 | $342.4M | $193.9M | ||
| Q2 24 | $331.5M | $173.6M |
| Q1 26 | $16.6M | $4.0M | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $-1.2M | ||
| Q2 25 | $-2.7M | $-4.9M | ||
| Q1 25 | $2.5M | $-3.7M | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | $413.0K | ||
| Q2 24 | $31.0M | $4.1M |
| Q1 26 | 22.4% | 37.3% | ||
| Q4 25 | 23.8% | 37.6% | ||
| Q3 25 | 23.1% | 38.5% | ||
| Q2 25 | 21.7% | 39.8% | ||
| Q1 25 | 21.6% | 41.0% | ||
| Q4 24 | 26.1% | 36.4% | ||
| Q3 24 | 28.4% | 37.7% | ||
| Q2 24 | 29.8% | 37.3% |
| Q1 26 | 7.3% | 60.5% | ||
| Q4 25 | 7.1% | -1.9% | ||
| Q3 25 | 7.5% | -1.0% | ||
| Q2 25 | 2.0% | -2.1% | ||
| Q1 25 | 1.8% | -2.7% | ||
| Q4 24 | 8.4% | -1.3% | ||
| Q3 24 | 12.3% | -0.5% | ||
| Q2 24 | 12.5% | -3.5% |
| Q1 26 | 4.7% | 1.9% | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | -0.6% | ||
| Q2 25 | -0.8% | -2.7% | ||
| Q1 25 | 0.7% | -2.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | 0.2% | ||
| Q2 24 | 9.4% | 2.3% |
| Q1 26 | $0.78 | $-0.08 | ||
| Q4 25 | $0.77 | $-0.10 | ||
| Q3 25 | $1.10 | $-0.04 | ||
| Q2 25 | $-0.13 | $-0.16 | ||
| Q1 25 | $0.12 | $-0.13 | ||
| Q4 24 | $0.96 | $0.27 | ||
| Q3 24 | $1.40 | $0.01 | ||
| Q2 24 | $1.41 | $-0.17 |
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 | $47.3M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $405.7M |
| Total Assets | $1.1B | $984.2M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $47.3M | ||
| Q4 25 | $41.3M | $111.3M | ||
| Q3 25 | $39.5M | $80.4M | ||
| Q2 25 | $32.8M | $68.1M | ||
| Q1 25 | $41.4M | $41.7M | ||
| Q4 24 | $43.9M | $83.8M | ||
| Q3 24 | $51.0M | $79.9M | ||
| Q2 24 | $30.4M | $76.4M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | $405.7M | ||
| Q4 25 | $512.3M | $400.0M | ||
| Q3 25 | $500.2M | $392.7M | ||
| Q2 25 | $481.8M | $384.5M | ||
| Q1 25 | $487.9M | $345.4M | ||
| Q4 24 | $522.1M | $312.5M | ||
| Q3 24 | $506.4M | $336.6M | ||
| Q2 24 | $480.0M | $307.4M |
| Q1 26 | $1.1B | $984.2M | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $964.4M | ||
| Q4 24 | $1.2B | $989.2M | ||
| Q3 24 | $917.1M | $1.0B | ||
| Q2 24 | $889.0M | $1.0B |
| 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 | — |
| Free Cash FlowOCF − Capex | — | $-1.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $38.6M | ||
| Q3 25 | $57.1M | $22.2M | ||
| Q2 25 | $-19.8M | $31.7M | ||
| Q1 25 | $30.0M | $-3.1M | ||
| Q4 24 | $31.0M | $36.5M | ||
| Q3 24 | $58.7M | $20.5M | ||
| Q2 24 | $5.5M | $24.4M |
| Q1 26 | — | $-1.0M | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
| Q1 26 | — | -0.5% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 49.55× | ||
| Q2 24 | 0.18× | 6.03× |
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% |
BAND
Segment breakdown not available.
