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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $273.0M, roughly 1.3× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 4.7%, a 0.9% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -9.6%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
APOG vs FOR — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $273.0M |
| Net Profit | $16.6M | $15.4M |
| Gross Margin | 22.4% | 20.1% |
| Operating Margin | 7.3% | 7.6% |
| Net Margin | 4.7% | 5.6% |
| Revenue YoY | 1.6% | 9.0% |
| Net Profit YoY | 568.8% | -6.7% |
| EPS (diluted) | $0.78 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $358.2M | $670.5M | ||
| Q2 25 | $346.6M | $390.5M | ||
| Q1 25 | $345.7M | $351.0M | ||
| Q4 24 | $341.3M | $250.4M | ||
| Q3 24 | $342.4M | $551.3M | ||
| Q2 24 | $331.5M | $318.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $15.4M | ||
| Q3 25 | $23.6M | $86.9M | ||
| Q2 25 | $-2.7M | $32.9M | ||
| Q1 25 | $2.5M | $31.6M | ||
| Q4 24 | $21.0M | $16.5M | ||
| Q3 24 | $30.6M | $81.5M | ||
| Q2 24 | $31.0M | $38.7M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 20.1% | ||
| Q3 25 | 23.1% | 22.3% | ||
| Q2 25 | 21.7% | 20.4% | ||
| Q1 25 | 21.6% | 22.6% | ||
| Q4 24 | 26.1% | 22.0% | ||
| Q3 24 | 28.4% | 23.9% | ||
| Q2 24 | 29.8% | 22.5% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 7.6% | ||
| Q3 25 | 7.5% | 16.9% | ||
| Q2 25 | 2.0% | 11.2% | ||
| Q1 25 | 1.8% | 11.6% | ||
| Q4 24 | 8.4% | 8.7% | ||
| Q3 24 | 12.3% | 19.7% | ||
| Q2 24 | 12.5% | 16.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 5.6% | ||
| Q3 25 | 6.6% | 13.0% | ||
| Q2 25 | -0.8% | 8.4% | ||
| Q1 25 | 0.7% | 9.0% | ||
| Q4 24 | 6.1% | 6.6% | ||
| Q3 24 | 8.9% | 14.8% | ||
| Q2 24 | 9.4% | 12.2% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.30 | ||
| Q3 25 | $1.10 | $1.70 | ||
| Q2 25 | $-0.13 | $0.65 | ||
| Q1 25 | $0.12 | $0.62 | ||
| Q4 24 | $0.96 | $0.32 | ||
| Q3 24 | $1.40 | $1.59 | ||
| Q2 24 | $1.41 | $0.76 |
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 | $211.7M |
| Total DebtLower is stronger | $232.3M | $793.2M |
| Stockholders' EquityBook value | $511.8M | $1.8B |
| Total Assets | $1.1B | $3.2B |
| Debt / EquityLower = less leverage | 0.45× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $211.7M | ||
| Q3 25 | $39.5M | $379.2M | ||
| Q2 25 | $32.8M | $189.2M | ||
| Q1 25 | $41.4M | $174.3M | ||
| Q4 24 | $43.9M | $132.0M | ||
| Q3 24 | $51.0M | $481.2M | ||
| Q2 24 | $30.4M | $359.2M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | $285.0M | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.8B | ||
| Q3 25 | $500.2M | $1.8B | ||
| Q2 25 | $481.8M | $1.7B | ||
| Q1 25 | $487.9M | $1.6B | ||
| Q4 24 | $522.1M | $1.6B | ||
| Q3 24 | $506.4M | $1.6B | ||
| Q2 24 | $480.0M | $1.5B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $1.2B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $917.1M | $2.8B | ||
| Q2 24 | $889.0M | $2.7B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | 0.58× | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | 7.8% | 0.0% |
| Cash ConversionOCF / Net Profit | 7.37× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-157.0M | ||
| Q3 25 | $57.1M | $256.3M | ||
| Q2 25 | $-19.8M | $15.8M | ||
| Q1 25 | $30.0M | $-19.8M | ||
| Q4 24 | $31.0M | $-450.0M | ||
| Q3 24 | $58.7M | $119.2M | ||
| Q2 24 | $5.5M | $-61.7M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-157.1M | ||
| Q3 25 | $52.4M | $255.6M | ||
| Q2 25 | $-26.9M | $15.0M | ||
| Q1 25 | $19.1M | $-20.5M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | $118.4M | ||
| Q2 24 | $-1.8M | $-62.3M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -57.5% | ||
| Q3 25 | 14.6% | 38.1% | ||
| Q2 25 | -7.8% | 3.8% | ||
| Q1 25 | 5.5% | -5.8% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | 21.5% | ||
| Q2 24 | -0.5% | -19.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.0% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 2.6% | 0.0% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 2.2% | 0.2% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | -10.19× | ||
| Q3 25 | 2.41× | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | 12.08× | -0.63× | ||
| Q4 24 | 1.48× | -27.27× | ||
| Q3 24 | 1.92× | 1.46× | ||
| Q2 24 | 0.18× | -1.59× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
