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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
Distribution Solutions Group, Inc. is the larger business by last-quarter revenue ($518.0M vs $351.4M, roughly 1.5× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 1.2%, a 3.5% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 1.6%). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% 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.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
APOG vs DSGR — Head-to-Head
Income Statement — Q4 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $518.0M |
| Net Profit | $16.6M | $6.5M |
| Gross Margin | 22.4% | 32.9% |
| Operating Margin | 7.3% | 4.6% |
| Net Margin | 4.7% | 1.2% |
| Revenue YoY | 1.6% | 10.7% |
| Net Profit YoY | 568.8% | -70.6% |
| EPS (diluted) | $0.78 | $0.14 |
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 | — | ||
| Q3 25 | $358.2M | $518.0M | ||
| Q2 25 | $346.6M | $502.4M | ||
| Q1 25 | $345.7M | $478.0M | ||
| Q4 24 | $341.3M | $480.5M | ||
| Q3 24 | $342.4M | $468.0M | ||
| Q2 24 | $331.5M | $439.5M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $6.5M | ||
| Q2 25 | $-2.7M | $5.0M | ||
| Q1 25 | $2.5M | $3.3M | ||
| Q4 24 | $21.0M | $-25.9M | ||
| Q3 24 | $30.6M | $21.9M | ||
| Q2 24 | $31.0M | $1.9M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | 32.9% | ||
| Q2 25 | 21.7% | 33.9% | ||
| Q1 25 | 21.6% | 34.3% | ||
| Q4 24 | 26.1% | 33.3% | ||
| Q3 24 | 28.4% | 33.9% | ||
| Q2 24 | 29.8% | 34.5% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | 4.6% | ||
| Q2 25 | 2.0% | 5.3% | ||
| Q1 25 | 1.8% | 4.2% | ||
| Q4 24 | 8.4% | 4.2% | ||
| Q3 24 | 12.3% | 4.0% | ||
| Q2 24 | 12.5% | 3.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | 1.2% | ||
| Q2 25 | -0.8% | 1.0% | ||
| Q1 25 | 0.7% | 0.7% | ||
| Q4 24 | 6.1% | -5.4% | ||
| Q3 24 | 8.9% | 4.7% | ||
| Q2 24 | 9.4% | 0.4% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $1.10 | $0.14 | ||
| Q2 25 | $-0.13 | $0.11 | ||
| Q1 25 | $0.12 | $0.07 | ||
| Q4 24 | $0.96 | $-0.55 | ||
| Q3 24 | $1.40 | $0.46 | ||
| Q2 24 | $1.41 | $0.04 |
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 | $69.2M |
| Total DebtLower is stronger | $232.3M | $665.5M |
| Stockholders' EquityBook value | $511.8M | $653.9M |
| Total Assets | $1.1B | $1.8B |
| Debt / EquityLower = less leverage | 0.45× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | $69.2M | ||
| Q2 25 | $32.8M | $47.4M | ||
| Q1 25 | $41.4M | $65.4M | ||
| Q4 24 | $43.9M | $66.5M | ||
| Q3 24 | $51.0M | $61.3M | ||
| Q2 24 | $30.4M | $46.8M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $665.5M | ||
| Q2 25 | — | $675.0M | ||
| Q1 25 | $285.0M | $712.4M | ||
| Q4 24 | — | $693.9M | ||
| Q3 24 | — | $704.1M | ||
| Q2 24 | — | $573.7M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | — | ||
| Q3 25 | $500.2M | $653.9M | ||
| Q2 25 | $481.8M | $649.4M | ||
| Q1 25 | $487.9M | $636.7M | ||
| Q4 24 | $522.1M | $640.5M | ||
| Q3 24 | $506.4M | $680.8M | ||
| Q2 24 | $480.0M | $653.3M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $917.1M | $1.8B | ||
| Q2 24 | $889.0M | $1.6B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | 0.58× | 1.12× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.88× |
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 | $38.4M |
| Free Cash FlowOCF − Capex | — | $32.9M |
| FCF MarginFCF / Revenue | — | 6.3% |
| Capex IntensityCapex / Revenue | 7.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 7.37× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | — | ||
| Q3 25 | $57.1M | $38.4M | ||
| Q2 25 | $-19.8M | $33.3M | ||
| Q1 25 | $30.0M | $-4.8M | ||
| Q4 24 | $31.0M | $45.7M | ||
| Q3 24 | $58.7M | $-17.3M | ||
| Q2 24 | $5.5M | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $32.9M | ||
| Q2 25 | $-26.9M | $28.7M | ||
| Q1 25 | $19.1M | $-10.4M | ||
| Q4 24 | $22.0M | $41.1M | ||
| Q3 24 | $50.2M | $-20.5M | ||
| Q2 24 | $-1.8M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | 6.3% | ||
| Q2 25 | -7.8% | 5.7% | ||
| Q1 25 | 5.5% | -2.2% | ||
| Q4 24 | 6.4% | 8.6% | ||
| Q3 24 | 14.7% | -4.4% | ||
| Q2 24 | -0.5% | 4.1% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 2.1% | 0.9% | ||
| Q1 25 | 3.2% | 1.2% | ||
| Q4 24 | 2.6% | 1.0% | ||
| Q3 24 | 2.5% | 0.7% | ||
| Q2 24 | 2.2% | 0.8% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 5.95× | ||
| Q2 25 | — | 6.66× | ||
| Q1 25 | 12.08× | -1.46× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | -0.79× | ||
| Q2 24 | 0.18× | 11.28× |
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% |
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
