vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Clearwater Paper Corp (CLW). Click either name above to swap in a different company.
Clearwater Paper Corp is the larger business by last-quarter revenue ($360.3M vs $351.4M, roughly 1.0× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -3.6%, a 8.3% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -4.7%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs 2.3%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Clearwater Paper Corporation is an American pulp and paperboard manufacturer. The company was created on December 9, 2008, via a spin-off from Potlatch Corporation and is headquartered in Spokane, Washington.
APOG vs CLW — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $360.3M |
| Net Profit | $16.6M | $-12.8M |
| Gross Margin | 22.4% | -0.2% |
| Operating Margin | 7.3% | — |
| Net Margin | 4.7% | -3.6% |
| Revenue YoY | 1.6% | -4.7% |
| Net Profit YoY | 568.8% | -103.2% |
| EPS (diluted) | $0.78 | — |
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 | $360.3M | ||
| Q4 25 | $348.6M | $386.4M | ||
| Q3 25 | $358.2M | $399.0M | ||
| Q2 25 | $346.6M | $391.8M | ||
| Q1 25 | $345.7M | $378.2M | ||
| Q4 24 | $341.3M | $387.1M | ||
| Q3 24 | $342.4M | $393.3M | ||
| Q2 24 | $331.5M | $344.4M |
| Q1 26 | $16.6M | $-12.8M | ||
| Q4 25 | $16.5M | $38.3M | ||
| Q3 25 | $23.6M | $-53.3M | ||
| Q2 25 | $-2.7M | $2.7M | ||
| Q1 25 | $2.5M | $-6.3M | ||
| Q4 24 | $21.0M | $199.1M | ||
| Q3 24 | $30.6M | $5.8M | ||
| Q2 24 | $31.0M | $-25.8M |
| Q1 26 | 22.4% | -0.2% | ||
| Q4 25 | 23.8% | 4.5% | ||
| Q3 25 | 23.1% | 4.7% | ||
| Q2 25 | 21.7% | 11.0% | ||
| Q1 25 | 21.6% | 9.7% | ||
| Q4 24 | 26.1% | 3.8% | ||
| Q3 24 | 28.4% | 7.7% | ||
| Q2 24 | 29.8% | -0.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 1.9% | ||
| Q3 25 | 7.5% | -13.9% | ||
| Q2 25 | 2.0% | 2.5% | ||
| Q1 25 | 1.8% | -1.1% | ||
| Q4 24 | 8.4% | -4.0% | ||
| Q3 24 | 12.3% | -0.3% | ||
| Q2 24 | 12.5% | -13.6% |
| Q1 26 | 4.7% | -3.6% | ||
| Q4 25 | 4.7% | 9.9% | ||
| Q3 25 | 6.6% | -13.4% | ||
| Q2 25 | -0.8% | 0.7% | ||
| Q1 25 | 0.7% | -1.7% | ||
| Q4 24 | 6.1% | 51.4% | ||
| Q3 24 | 8.9% | 1.5% | ||
| Q2 24 | 9.4% | -7.5% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $2.36 | ||
| Q3 25 | $1.10 | $-3.30 | ||
| Q2 25 | $-0.13 | $0.17 | ||
| Q1 25 | $0.12 | $-0.38 | ||
| Q4 24 | $0.96 | $11.87 | ||
| Q3 24 | $1.40 | $0.35 | ||
| Q2 24 | $1.41 | $-1.55 |
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 | $36.5M |
| Total DebtLower is stronger | $232.3M | $361.1M |
| Stockholders' EquityBook value | $511.8M | $813.8M |
| Total Assets | $1.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $36.5M | ||
| Q4 25 | $41.3M | $30.7M | ||
| Q3 25 | $39.5M | $34.4M | ||
| Q2 25 | $32.8M | $46.7M | ||
| Q1 25 | $41.4M | $44.0M | ||
| Q4 24 | $43.9M | $79.6M | ||
| Q3 24 | $51.0M | $35.5M | ||
| Q2 24 | $30.4M | $39.6M |
| Q1 26 | $232.3M | $361.1M | ||
| Q4 25 | — | $346.8M | ||
| Q3 25 | — | $337.0M | ||
| Q2 25 | — | $330.1M | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | $283.4M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | $511.8M | $813.8M | ||
| Q4 25 | $512.3M | $825.3M | ||
| Q3 25 | $500.2M | $783.0M | ||
| Q2 25 | $481.8M | $836.8M | ||
| Q1 25 | $487.9M | $836.6M | ||
| Q4 24 | $522.1M | $854.6M | ||
| Q3 24 | $506.4M | $664.6M | ||
| Q2 24 | $480.0M | $658.6M |
| Q1 26 | $1.1B | $1.6B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $917.1M | $2.5B | ||
| Q2 24 | $889.0M | $2.5B |
| Q1 26 | 0.45× | 0.44× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.74× |
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 | — | — |
| FCF MarginFCF / Revenue | — | — |
| 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 | $5.0M | ||
| Q3 25 | $57.1M | $34.0M | ||
| Q2 25 | $-19.8M | $-28.2M | ||
| Q1 25 | $30.0M | $1.5M | ||
| Q4 24 | $31.0M | $-35.1M | ||
| Q3 24 | $58.7M | $16.2M | ||
| Q2 24 | $5.5M | $21.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-9.9M | ||
| Q3 25 | $52.4M | $15.7M | ||
| Q2 25 | $-26.9M | $-51.1M | ||
| Q1 25 | $19.1M | $-31.2M | ||
| Q4 24 | $22.0M | $-68.1M | ||
| Q3 24 | $50.2M | $-30.8M | ||
| Q2 24 | $-1.8M | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -2.6% | ||
| Q3 25 | 14.6% | 3.9% | ||
| Q2 25 | -7.8% | -13.0% | ||
| Q1 25 | 5.5% | -8.2% | ||
| Q4 24 | 6.4% | -17.6% | ||
| Q3 24 | 14.7% | -7.8% | ||
| Q2 24 | -0.5% | 0.9% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 3.9% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 2.1% | 5.8% | ||
| Q1 25 | 3.2% | 8.6% | ||
| Q4 24 | 2.6% | 8.5% | ||
| Q3 24 | 2.5% | 12.0% | ||
| Q2 24 | 2.2% | 5.3% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 0.13× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | -10.44× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | -0.18× | ||
| Q3 24 | 1.92× | 2.79× | ||
| 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% |
CLW
Segment breakdown not available.
