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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and DIODES INC (DIOD). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $351.4M, roughly 1.1× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 2.6%, a 2.1% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 1.6%). Over the past eight quarters, DIODES INC'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.
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
APOG vs DIOD — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $391.6M |
| Net Profit | $16.6M | $10.2M |
| Gross Margin | 22.4% | 31.1% |
| Operating Margin | 7.3% | 3.4% |
| Net Margin | 4.7% | 2.6% |
| Revenue YoY | 1.6% | 15.4% |
| Net Profit YoY | 568.8% | 23.8% |
| EPS (diluted) | $0.78 | $0.23 |
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 | $391.6M | ||
| Q3 25 | $358.2M | $392.2M | ||
| Q2 25 | $346.6M | $366.2M | ||
| Q1 25 | $345.7M | $332.1M | ||
| Q4 24 | $341.3M | $339.3M | ||
| Q3 24 | $342.4M | $350.1M | ||
| Q2 24 | $331.5M | $319.8M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $10.2M | ||
| Q3 25 | $23.6M | $14.3M | ||
| Q2 25 | $-2.7M | $46.1M | ||
| Q1 25 | $2.5M | $-4.4M | ||
| Q4 24 | $21.0M | $8.2M | ||
| Q3 24 | $30.6M | $13.7M | ||
| Q2 24 | $31.0M | $8.0M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 31.1% | ||
| Q3 25 | 23.1% | 30.7% | ||
| Q2 25 | 21.7% | 31.5% | ||
| Q1 25 | 21.6% | 31.5% | ||
| Q4 24 | 26.1% | 32.7% | ||
| Q3 24 | 28.4% | 33.7% | ||
| Q2 24 | 29.8% | 33.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 3.4% | ||
| Q3 25 | 7.5% | 3.0% | ||
| Q2 25 | 2.0% | 2.6% | ||
| Q1 25 | 1.8% | 0.4% | ||
| Q4 24 | 8.4% | 3.5% | ||
| Q3 24 | 12.3% | 6.2% | ||
| Q2 24 | 12.5% | 1.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 2.6% | ||
| Q3 25 | 6.6% | 3.6% | ||
| Q2 25 | -0.8% | 12.6% | ||
| Q1 25 | 0.7% | -1.3% | ||
| Q4 24 | 6.1% | 2.4% | ||
| Q3 24 | 8.9% | 3.9% | ||
| Q2 24 | 9.4% | 2.5% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.23 | ||
| Q3 25 | $1.10 | $0.31 | ||
| Q2 25 | $-0.13 | $0.99 | ||
| Q1 25 | $0.12 | $-0.10 | ||
| Q4 24 | $0.96 | $0.18 | ||
| Q3 24 | $1.40 | $0.30 | ||
| 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 | $377.0M |
| Total DebtLower is stronger | $232.3M | $25.7M |
| Stockholders' EquityBook value | $511.8M | $1.9B |
| Total Assets | $1.1B | $2.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $377.0M | ||
| Q3 25 | $39.5M | $386.4M | ||
| Q2 25 | $32.8M | $327.3M | ||
| Q1 25 | $41.4M | $343.9M | ||
| Q4 24 | $43.9M | $316.1M | ||
| Q3 24 | $51.0M | $319.3M | ||
| Q2 24 | $30.4M | $273.9M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $25.7M | ||
| Q3 25 | — | $24.9M | ||
| Q2 25 | — | $26.4M | ||
| Q1 25 | $285.0M | $20.5M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.9B | ||
| Q3 25 | $500.2M | $1.9B | ||
| Q2 25 | $481.8M | $1.9B | ||
| Q1 25 | $487.9M | $1.8B | ||
| Q4 24 | $522.1M | $1.8B | ||
| Q3 24 | $506.4M | $1.8B | ||
| Q2 24 | $480.0M | $1.8B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $917.1M | $2.4B | ||
| Q2 24 | $889.0M | $2.4B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | 0.58× | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× |
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 | $38.1M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 3.2% |
| Capex IntensityCapex / Revenue | 7.8% | 6.6% |
| Cash ConversionOCF / Net Profit | 7.37× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $137.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $38.1M | ||
| Q3 25 | $57.1M | $79.1M | ||
| Q2 25 | $-19.8M | $41.5M | ||
| Q1 25 | $30.0M | $56.7M | ||
| Q4 24 | $31.0M | $81.8M | ||
| Q3 24 | $58.7M | $54.4M | ||
| Q2 24 | $5.5M | $14.4M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $12.4M | ||
| Q3 25 | $52.4M | $62.8M | ||
| Q2 25 | $-26.9M | $21.1M | ||
| Q1 25 | $19.1M | $40.8M | ||
| Q4 24 | $22.0M | $62.1M | ||
| Q3 24 | $50.2M | $39.4M | ||
| Q2 24 | $-1.8M | $-3.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.2% | ||
| Q3 25 | 14.6% | 16.0% | ||
| Q2 25 | -7.8% | 5.8% | ||
| Q1 25 | 5.5% | 12.3% | ||
| Q4 24 | 6.4% | 18.3% | ||
| Q3 24 | 14.7% | 11.2% | ||
| Q2 24 | -0.5% | -1.1% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 6.6% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 2.1% | 5.6% | ||
| Q1 25 | 3.2% | 4.8% | ||
| Q4 24 | 2.6% | 5.8% | ||
| Q3 24 | 2.5% | 4.3% | ||
| Q2 24 | 2.2% | 5.6% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 3.74× | ||
| Q3 25 | 2.41× | 5.54× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | 9.93× | ||
| Q3 24 | 1.92× | 3.95× | ||
| Q2 24 | 0.18× | 1.80× |
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% |
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
