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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $289.7M, roughly 1.2× ESCO TECHNOLOGIES INC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs 4.7%, a 5.2% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 1.6%). Over the past eight quarters, ESCO TECHNOLOGIES INC's revenue compounded faster (7.8% 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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
APOG vs ESE — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $289.7M |
| Net Profit | $16.6M | $28.7M |
| Gross Margin | 22.4% | 41.4% |
| Operating Margin | 7.3% | 13.2% |
| Net Margin | 4.7% | 9.9% |
| Revenue YoY | 1.6% | 17.3% |
| Net Profit YoY | 568.8% | 22.2% |
| EPS (diluted) | $0.78 | $1.11 |
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 | $289.7M | ||
| Q3 25 | $358.2M | $286.5M | ||
| Q2 25 | $346.6M | $296.3M | ||
| Q1 25 | $345.7M | $265.5M | ||
| Q4 24 | $341.3M | $247.0M | ||
| Q3 24 | $342.4M | $298.5M | ||
| Q2 24 | $331.5M | $260.8M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $28.7M | ||
| Q3 25 | $23.6M | $218.7M | ||
| Q2 25 | $-2.7M | $26.1M | ||
| Q1 25 | $2.5M | $31.0M | ||
| Q4 24 | $21.0M | $23.5M | ||
| Q3 24 | $30.6M | $34.3M | ||
| Q2 24 | $31.0M | $29.2M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 41.4% | ||
| Q3 25 | 23.1% | 45.9% | ||
| Q2 25 | 21.7% | 41.2% | ||
| Q1 25 | 21.6% | 41.1% | ||
| Q4 24 | 26.1% | 39.8% | ||
| Q3 24 | 28.4% | 40.1% | ||
| Q2 24 | 29.8% | 39.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 13.2% | ||
| Q3 25 | 7.5% | 17.2% | ||
| Q2 25 | 2.0% | 11.2% | ||
| Q1 25 | 1.8% | 15.3% | ||
| Q4 24 | 8.4% | 11.4% | ||
| Q3 24 | 12.3% | 14.8% | ||
| Q2 24 | 12.5% | 14.3% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 9.9% | ||
| Q3 25 | 6.6% | 76.3% | ||
| Q2 25 | -0.8% | 8.8% | ||
| Q1 25 | 0.7% | 11.7% | ||
| Q4 24 | 6.1% | 9.5% | ||
| Q3 24 | 8.9% | 11.5% | ||
| Q2 24 | 9.4% | 11.2% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $1.11 | ||
| Q3 25 | $1.10 | $8.43 | ||
| Q2 25 | $-0.13 | $1.01 | ||
| Q1 25 | $0.12 | $1.20 | ||
| Q4 24 | $0.96 | $0.91 | ||
| Q3 24 | $1.40 | $1.32 | ||
| Q2 24 | $1.41 | $1.13 |
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 | $103.8M |
| Total DebtLower is stronger | $232.3M | $145.5M |
| Stockholders' EquityBook value | $511.8M | $1.6B |
| Total Assets | $1.1B | $2.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $103.8M | ||
| Q3 25 | $39.5M | $101.3M | ||
| Q2 25 | $32.8M | $78.7M | ||
| Q1 25 | $41.4M | $57.4M | ||
| Q4 24 | $43.9M | $71.3M | ||
| Q3 24 | $51.0M | $66.0M | ||
| Q2 24 | $30.4M | $63.0M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | $285.0M | $88.0M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $173.0M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.6B | ||
| Q3 25 | $500.2M | $1.5B | ||
| Q2 25 | $481.8M | $1.3B | ||
| Q1 25 | $487.9M | $1.3B | ||
| Q4 24 | $522.1M | $1.2B | ||
| Q3 24 | $506.4M | $1.2B | ||
| Q2 24 | $480.0M | $1.2B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $917.1M | $1.8B | ||
| Q2 24 | $889.0M | $1.8B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | 0.58× | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× |
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 | $68.9M |
| Free Cash FlowOCF − Capex | — | $63.0M |
| FCF MarginFCF / Revenue | — | 21.7% |
| Capex IntensityCapex / Revenue | 7.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 7.37× | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $68.9M | ||
| Q3 25 | $57.1M | $109.9M | ||
| Q2 25 | $-19.8M | $73.7M | ||
| Q1 25 | $30.0M | $24.1M | ||
| Q4 24 | $31.0M | $34.2M | ||
| Q3 24 | $58.7M | $72.1M | ||
| Q2 24 | $5.5M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $63.0M | ||
| Q3 25 | $52.4M | $97.8M | ||
| Q2 25 | $-26.9M | $64.9M | ||
| Q1 25 | $19.1M | $14.0M | ||
| Q4 24 | $22.0M | $29.0M | ||
| Q3 24 | $50.2M | $60.9M | ||
| Q2 24 | $-1.8M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 21.7% | ||
| Q3 25 | 14.6% | 34.1% | ||
| Q2 25 | -7.8% | 21.9% | ||
| Q1 25 | 5.5% | 5.3% | ||
| Q4 24 | 6.4% | 11.7% | ||
| Q3 24 | 14.7% | 20.4% | ||
| Q2 24 | -0.5% | 10.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 2.1% | 3.0% | ||
| Q1 25 | 3.2% | 3.8% | ||
| Q4 24 | 2.6% | 2.1% | ||
| Q3 24 | 2.5% | 3.8% | ||
| Q2 24 | 2.2% | 3.3% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.40× | ||
| Q3 25 | 2.41× | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | 12.08× | 0.78× | ||
| Q4 24 | 1.48× | 1.46× | ||
| Q3 24 | 1.92× | 2.10× | ||
| Q2 24 | 0.18× | 1.24× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
