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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $348.6M, roughly 1.4× APOGEE ENTERPRISES, INC.). Essex Property Trust runs the higher net margin — 17.9% vs 4.7%, a 13.1% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 2.1%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -1.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
APOG vs ESS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $479.6M |
| Net Profit | $16.5M | $85.7M |
| Gross Margin | 23.8% | 70.0% |
| Operating Margin | 7.1% | 31.7% |
| Net Margin | 4.7% | 17.9% |
| Revenue YoY | 2.1% | 5.5% |
| Net Profit YoY | -21.2% | -71.6% |
| EPS (diluted) | $0.77 | $1.24 |
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.
| Q4 25 | $348.6M | $479.6M | ||
| Q3 25 | $358.2M | $473.3M | ||
| Q2 25 | $346.6M | $469.8M | ||
| Q1 25 | $345.7M | $464.6M | ||
| Q4 24 | $341.3M | $454.5M | ||
| Q3 24 | $342.4M | $450.7M | ||
| Q2 24 | $331.5M | $442.4M | ||
| Q1 24 | $361.8M | $426.9M |
| Q4 25 | $16.5M | $85.7M | ||
| Q3 25 | $23.6M | $172.7M | ||
| Q2 25 | $-2.7M | $231.5M | ||
| Q1 25 | $2.5M | $212.8M | ||
| Q4 24 | $21.0M | $301.7M | ||
| Q3 24 | $30.6M | $125.5M | ||
| Q2 24 | $31.0M | $99.0M | ||
| Q1 24 | $15.7M | $285.1M |
| Q4 25 | 23.8% | 70.0% | ||
| Q3 25 | 23.1% | 69.2% | ||
| Q2 25 | 21.7% | 70.7% | ||
| Q1 25 | 21.6% | 69.6% | ||
| Q4 24 | 26.1% | 70.0% | ||
| Q3 24 | 28.4% | 69.5% | ||
| Q2 24 | 29.8% | 70.8% | ||
| Q1 24 | 24.4% | 69.7% |
| Q4 25 | 7.1% | 31.7% | ||
| Q3 25 | 7.5% | 44.5% | ||
| Q2 25 | 2.0% | 59.5% | ||
| Q1 25 | 1.8% | 55.3% | ||
| Q4 24 | 8.4% | 67.0% | ||
| Q3 24 | 12.3% | 28.6% | ||
| Q2 24 | 12.5% | 31.1% | ||
| Q1 24 | 6.0% | 31.0% |
| Q4 25 | 4.7% | 17.9% | ||
| Q3 25 | 6.6% | 36.5% | ||
| Q2 25 | -0.8% | 49.3% | ||
| Q1 25 | 0.7% | 45.8% | ||
| Q4 24 | 6.1% | 66.4% | ||
| Q3 24 | 8.9% | 27.8% | ||
| Q2 24 | 9.4% | 22.4% | ||
| Q1 24 | 4.3% | 66.8% |
| Q4 25 | $0.77 | $1.24 | ||
| Q3 25 | $1.10 | $2.56 | ||
| Q2 25 | $-0.13 | $3.44 | ||
| Q1 25 | $0.12 | $3.16 | ||
| Q4 24 | $0.96 | $4.00 | ||
| Q3 24 | $1.40 | $1.84 | ||
| Q2 24 | $1.41 | $1.45 | ||
| Q1 24 | $0.71 | $4.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $5.5B |
| Total Assets | $1.1B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $76.2M | ||
| Q3 25 | $39.5M | $66.0M | ||
| Q2 25 | $32.8M | $58.7M | ||
| Q1 25 | $41.4M | $98.7M | ||
| Q4 24 | $43.9M | $66.8M | ||
| Q3 24 | $51.0M | $71.3M | ||
| Q2 24 | $30.4M | $55.2M | ||
| Q1 24 | $37.2M | $499.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | $285.0M | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | $62.0M | $6.6B |
| Q4 25 | $512.3M | $5.5B | ||
| Q3 25 | $500.2M | $5.6B | ||
| Q2 25 | $481.8M | $5.6B | ||
| Q1 25 | $487.9M | $5.6B | ||
| Q4 24 | $522.1M | $5.5B | ||
| Q3 24 | $506.4M | $5.4B | ||
| Q2 24 | $480.0M | $5.5B | ||
| Q1 24 | $471.0M | $5.5B |
| Q4 25 | $1.1B | $13.2B | ||
| Q3 25 | $1.2B | $13.2B | ||
| Q2 25 | $1.2B | $13.2B | ||
| Q1 25 | $1.2B | $13.2B | ||
| Q4 24 | $1.2B | $12.9B | ||
| Q3 24 | $917.1M | $12.6B | ||
| Q2 24 | $889.0M | $12.5B | ||
| Q1 24 | $884.1M | $12.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | 0.58× | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | 0.13× | 1.19× |
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 | $29.3M | $1.1B |
| Free Cash FlowOCF − Capex | $22.9M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 1.77× | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $1.1B | ||
| Q3 25 | $57.1M | $342.6M | ||
| Q2 25 | $-19.8M | $216.1M | ||
| Q1 25 | $30.0M | $281.5M | ||
| Q4 24 | $31.0M | $1.1B | ||
| Q3 24 | $58.7M | $316.2M | ||
| Q2 24 | $5.5M | $218.9M | ||
| Q1 24 | $74.9M | $314.9M |
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — | ||
| Q1 24 | $58.7M | — |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | 16.2% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 4.5% | — |
| Q4 25 | 1.77× | 12.53× | ||
| Q3 25 | 2.41× | 1.98× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | 12.08× | 1.32× | ||
| Q4 24 | 1.48× | 3.54× | ||
| Q3 24 | 1.92× | 2.52× | ||
| Q2 24 | 0.18× | 2.21× | ||
| Q1 24 | 4.76× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
ESS
Segment breakdown not available.
