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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and FOX FACTORY HOLDING CORP (FOXF). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $348.6M, roughly 1.1× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -0.2%, a 4.9% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs 2.1%). APOGEE ENTERPRISES, INC. produced more free cash flow last quarter ($22.9M vs $-2.5M). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% 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.
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
APOG vs FOXF — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $376.4M |
| Net Profit | $16.5M | $-634.0K |
| Gross Margin | 23.8% | 30.4% |
| Operating Margin | 7.1% | 4.0% |
| Net Margin | 4.7% | -0.2% |
| Revenue YoY | 2.1% | 4.8% |
| Net Profit YoY | -21.2% | -113.3% |
| EPS (diluted) | $0.77 | $-0.02 |
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 | $376.4M | ||
| Q3 25 | $358.2M | $374.9M | ||
| Q2 25 | $346.6M | $355.0M | ||
| Q1 25 | $345.7M | $352.8M | ||
| Q4 24 | $341.3M | — | ||
| Q3 24 | $342.4M | $359.1M | ||
| Q2 24 | $331.5M | $348.5M | ||
| Q1 24 | $361.8M | $333.5M |
| Q4 25 | $16.5M | $-634.0K | ||
| Q3 25 | $23.6M | $2.7M | ||
| Q2 25 | $-2.7M | $-259.7M | ||
| Q1 25 | $2.5M | $-141.0K | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | $4.8M | ||
| Q2 24 | $31.0M | $5.4M | ||
| Q1 24 | $15.7M | $-3.5M |
| Q4 25 | 23.8% | 30.4% | ||
| Q3 25 | 23.1% | 31.2% | ||
| Q2 25 | 21.7% | 30.9% | ||
| Q1 25 | 21.6% | 28.9% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | 29.9% | ||
| Q2 24 | 29.8% | 31.8% | ||
| Q1 24 | 24.4% | 30.9% |
| Q4 25 | 7.1% | 4.0% | ||
| Q3 25 | 7.5% | 4.9% | ||
| Q2 25 | 2.0% | -70.6% | ||
| Q1 25 | 1.8% | 3.2% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | 5.2% | ||
| Q2 24 | 12.5% | 5.3% | ||
| Q1 24 | 6.0% | 2.7% |
| Q4 25 | 4.7% | -0.2% | ||
| Q3 25 | 6.6% | 0.7% | ||
| Q2 25 | -0.8% | -73.1% | ||
| Q1 25 | 0.7% | -0.0% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | 1.3% | ||
| Q2 24 | 9.4% | 1.6% | ||
| Q1 24 | 4.3% | -1.0% |
| Q4 25 | $0.77 | $-0.02 | ||
| Q3 25 | $1.10 | $0.07 | ||
| Q2 25 | $-0.13 | $-6.23 | ||
| Q1 25 | $0.12 | $0.00 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | $0.11 | ||
| Q2 24 | $1.41 | $0.13 | ||
| Q1 24 | $0.71 | $-0.08 |
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 | — |
| Total DebtLower is stronger | — | $536.7M |
| Stockholders' EquityBook value | $512.3M | $956.0M |
| Total Assets | $1.1B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | — | ||
| Q1 25 | $41.4M | $71.7M | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — | ||
| Q1 24 | $37.2M | — |
| Q4 25 | — | $536.7M | ||
| Q3 25 | — | $541.8M | ||
| Q2 25 | — | $546.9M | ||
| Q1 25 | $285.0M | $552.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $558.4M | ||
| Q2 24 | — | $564.1M | ||
| Q1 24 | $62.0M | $370.4M |
| Q4 25 | $512.3M | $956.0M | ||
| Q3 25 | $500.2M | $958.7M | ||
| Q2 25 | $481.8M | $939.9M | ||
| Q1 25 | $487.9M | $1.2B | ||
| Q4 24 | $522.1M | — | ||
| Q3 24 | $506.4M | $1.2B | ||
| Q2 24 | $480.0M | $1.2B | ||
| Q1 24 | $471.0M | $1.2B |
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $917.1M | $2.3B | ||
| Q2 24 | $889.0M | $2.3B | ||
| Q1 24 | $884.1M | $2.2B |
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | 0.58× | 0.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.13× | 0.31× |
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 | $5.3M |
| Free Cash FlowOCF − Capex | $22.9M | $-2.5M |
| FCF MarginFCF / Revenue | 6.6% | -0.7% |
| Capex IntensityCapex / Revenue | 1.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $85.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $5.3M | ||
| Q3 25 | $57.1M | $36.8M | ||
| Q2 25 | $-19.8M | $680.0K | ||
| Q1 25 | $30.0M | $81.7M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $58.7M | $14.1M | ||
| Q2 24 | $5.5M | $26.7M | ||
| Q1 24 | $74.9M | $9.4M |
| Q4 25 | $22.9M | $-2.5M | ||
| Q3 25 | $52.4M | $24.6M | ||
| Q2 25 | $-26.9M | $-6.5M | ||
| Q1 25 | $19.1M | $69.8M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | $3.2M | ||
| Q2 24 | $-1.8M | $15.4M | ||
| Q1 24 | $58.7M | $-555.0K |
| Q4 25 | 6.6% | -0.7% | ||
| Q3 25 | 14.6% | 6.6% | ||
| Q2 25 | -7.8% | -1.8% | ||
| Q1 25 | 5.5% | 19.8% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | 0.9% | ||
| Q2 24 | -0.5% | 4.4% | ||
| Q1 24 | 16.2% | -0.2% |
| Q4 25 | 1.9% | 2.1% | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 3.2% | 3.4% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | 3.0% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 4.5% | 3.0% |
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 13.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 2.94× | ||
| Q2 24 | 0.18× | 4.94× | ||
| Q1 24 | 4.76× | — |
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% |
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
