vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and BILL Holdings, Inc. (BILL). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $351.4M, roughly 1.2× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -0.6%, a 5.4% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 1.6%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% 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.
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
APOG vs BILL — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $414.7M |
| Net Profit | $16.6M | $-2.6M |
| Gross Margin | 22.4% | 79.8% |
| Operating Margin | 7.3% | -4.4% |
| Net Margin | 4.7% | -0.6% |
| Revenue YoY | 1.6% | 14.4% |
| Net Profit YoY | 568.8% | -107.7% |
| EPS (diluted) | $0.78 | $-0.03 |
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 | $414.7M | ||
| Q3 25 | $358.2M | $395.7M | ||
| Q2 25 | $346.6M | $383.3M | ||
| Q1 25 | $345.7M | $358.2M | ||
| Q4 24 | $341.3M | $362.6M | ||
| Q3 24 | $342.4M | $358.4M | ||
| Q2 24 | $331.5M | $343.7M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-2.6M | ||
| Q3 25 | $23.6M | $-3.0M | ||
| Q2 25 | $-2.7M | $-7.1M | ||
| Q1 25 | $2.5M | $-11.6M | ||
| Q4 24 | $21.0M | $33.5M | ||
| Q3 24 | $30.6M | $8.9M | ||
| Q2 24 | $31.0M | $7.6M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 79.8% | ||
| Q3 25 | 23.1% | 80.5% | ||
| Q2 25 | 21.7% | 80.8% | ||
| Q1 25 | 21.6% | 81.2% | ||
| Q4 24 | 26.1% | 81.6% | ||
| Q3 24 | 28.4% | 82.0% | ||
| Q2 24 | 29.8% | 81.0% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -4.4% | ||
| Q3 25 | 7.5% | -5.2% | ||
| Q2 25 | 2.0% | -5.8% | ||
| Q1 25 | 1.8% | -8.1% | ||
| Q4 24 | 8.4% | -6.0% | ||
| Q3 24 | 12.3% | -2.1% | ||
| Q2 24 | 12.5% | -6.5% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -0.6% | ||
| Q3 25 | 6.6% | -0.7% | ||
| Q2 25 | -0.8% | -1.8% | ||
| Q1 25 | 0.7% | -3.2% | ||
| Q4 24 | 6.1% | 9.3% | ||
| Q3 24 | 8.9% | 2.5% | ||
| Q2 24 | 9.4% | 2.2% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.03 | ||
| Q3 25 | $1.10 | $-0.03 | ||
| Q2 25 | $-0.13 | $0.02 | ||
| Q1 25 | $0.12 | $-0.11 | ||
| Q4 24 | $0.96 | $-0.06 | ||
| Q3 24 | $1.40 | $0.08 | ||
| Q2 24 | $1.41 | $0.37 |
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 | $1.1B |
| Total DebtLower is stronger | $232.3M | $1.8B |
| Stockholders' EquityBook value | $511.8M | $3.8B |
| Total Assets | $1.1B | $10.1B |
| Debt / EquityLower = less leverage | 0.45× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $1.1B | ||
| Q3 25 | $39.5M | $1.1B | ||
| Q2 25 | $32.8M | $1.0B | ||
| Q1 25 | $41.4M | $1.0B | ||
| Q4 24 | $43.9M | $1.6B | ||
| Q3 24 | $51.0M | $853.5M | ||
| Q2 24 | $30.4M | $985.9M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | $285.0M | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $914.8M | ||
| Q2 24 | — | $914.0M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $3.8B | ||
| Q3 25 | $500.2M | $3.9B | ||
| Q2 25 | $481.8M | $3.9B | ||
| Q1 25 | $487.9M | $3.9B | ||
| Q4 24 | $522.1M | $3.8B | ||
| Q3 24 | $506.4M | $4.0B | ||
| Q2 24 | $480.0M | $4.1B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $10.1B | ||
| Q3 25 | $1.2B | $10.2B | ||
| Q2 25 | $1.2B | $10.1B | ||
| Q1 25 | $1.2B | $9.6B | ||
| Q4 24 | $1.2B | $9.7B | ||
| Q3 24 | $917.1M | $9.0B | ||
| Q2 24 | $889.0M | $9.2B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | 0.58× | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.22× |
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 | $105.3M |
| Free Cash FlowOCF − Capex | — | $103.8M |
| FCF MarginFCF / Revenue | — | 25.0% |
| Capex IntensityCapex / Revenue | 7.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $105.3M | ||
| Q3 25 | $57.1M | $96.9M | ||
| Q2 25 | $-19.8M | $83.8M | ||
| Q1 25 | $30.0M | $99.5M | ||
| Q4 24 | $31.0M | $78.7M | ||
| Q3 24 | $58.7M | $88.6M | ||
| Q2 24 | $5.5M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $103.8M | ||
| Q3 25 | $52.4M | $95.6M | ||
| Q2 25 | $-26.9M | $81.0M | ||
| Q1 25 | $19.1M | $98.4M | ||
| Q4 24 | $22.0M | $78.3M | ||
| Q3 24 | $50.2M | $88.6M | ||
| Q2 24 | $-1.8M | $78.4M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 25.0% | ||
| Q3 25 | 14.6% | 24.1% | ||
| Q2 25 | -7.8% | 21.1% | ||
| Q1 25 | 5.5% | 27.5% | ||
| Q4 24 | 6.4% | 21.6% | ||
| Q3 24 | 14.7% | 24.7% | ||
| Q2 24 | -0.5% | 22.8% |
| 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% | 0.3% | ||
| Q4 24 | 2.6% | 0.1% | ||
| Q3 24 | 2.5% | 0.0% | ||
| Q2 24 | 2.2% | 0.1% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | 2.35× | ||
| Q3 24 | 1.92× | 9.94× | ||
| Q2 24 | 0.18× | 10.35× |
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% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
