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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $177.1M, roughly 2.0× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 4.7%, a 28.1% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 1.6%). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% 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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
APOG vs GCMG — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $177.1M |
| Net Profit | $16.6M | $58.2M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 30.9% |
| Net Margin | 4.7% | 32.8% |
| Revenue YoY | 1.6% | 7.2% |
| Net Profit YoY | 568.8% | 149.2% |
| EPS (diluted) | $0.78 | $0.23 |
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 | $177.1M | ||
| Q3 25 | $358.2M | $135.0M | ||
| Q2 25 | $346.6M | $119.7M | ||
| Q1 25 | $345.7M | $125.8M | ||
| Q4 24 | $341.3M | $165.3M | ||
| Q3 24 | $342.4M | $122.9M | ||
| Q2 24 | $331.5M | $117.0M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $58.2M | ||
| Q3 25 | $23.6M | $10.5M | ||
| Q2 25 | $-2.7M | $15.4M | ||
| Q1 25 | $2.5M | $463.0K | ||
| Q4 24 | $21.0M | $7.6M | ||
| Q3 24 | $30.6M | $4.2M | ||
| Q2 24 | $31.0M | $4.8M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 30.9% | ||
| Q3 25 | 7.5% | 32.7% | ||
| Q2 25 | 2.0% | 16.1% | ||
| Q1 25 | 1.8% | 12.2% | ||
| Q4 24 | 8.4% | 26.4% | ||
| Q3 24 | 12.3% | 20.3% | ||
| Q2 24 | 12.5% | 17.8% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 32.8% | ||
| Q3 25 | 6.6% | 7.8% | ||
| Q2 25 | -0.8% | 12.9% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 6.1% | 4.6% | ||
| Q3 24 | 8.9% | 3.4% | ||
| Q2 24 | 9.4% | 4.1% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.23 | ||
| Q3 25 | $1.10 | $0.16 | ||
| Q2 25 | $-0.13 | $0.05 | ||
| Q1 25 | $0.12 | $-0.02 | ||
| Q4 24 | $0.96 | $0.09 | ||
| Q3 24 | $1.40 | $0.03 | ||
| 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 | $242.1M |
| Total DebtLower is stronger | $232.3M | $428.4M |
| Stockholders' EquityBook value | $511.8M | $27.0M |
| Total Assets | $1.1B | $813.8M |
| Debt / EquityLower = less leverage | 0.45× | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $242.1M | ||
| Q3 25 | $39.5M | $182.7M | ||
| Q2 25 | $32.8M | $136.3M | ||
| Q1 25 | $41.4M | $94.5M | ||
| Q4 24 | $43.9M | $89.5M | ||
| Q3 24 | $51.0M | $98.4M | ||
| Q2 24 | $30.4M | $73.9M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | $285.0M | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $27.0M | ||
| Q3 25 | $500.2M | $-7.4M | ||
| Q2 25 | $481.8M | $-12.3M | ||
| Q1 25 | $487.9M | $-28.3M | ||
| Q4 24 | $522.1M | $-27.6M | ||
| Q3 24 | $506.4M | $-31.9M | ||
| Q2 24 | $480.0M | $-28.5M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $813.8M | ||
| Q3 25 | $1.2B | $685.9M | ||
| Q2 25 | $1.2B | $636.9M | ||
| Q1 25 | $1.2B | $579.8M | ||
| Q4 24 | $1.2B | $612.7M | ||
| Q3 24 | $917.1M | $575.0M | ||
| Q2 24 | $889.0M | $543.9M |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $183.5M |
| Free Cash FlowOCF − Capex | — | $175.0M |
| FCF MarginFCF / Revenue | — | 98.8% |
| Capex IntensityCapex / Revenue | 7.8% | 4.8% |
| Cash ConversionOCF / Net Profit | 7.37× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $183.5M | ||
| Q3 25 | $57.1M | $79.8M | ||
| Q2 25 | $-19.8M | $42.0M | ||
| Q1 25 | $30.0M | $33.3M | ||
| Q4 24 | $31.0M | $148.8M | ||
| Q3 24 | $58.7M | $69.0M | ||
| Q2 24 | $5.5M | $17.5M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $175.0M | ||
| Q3 25 | $52.4M | $78.3M | ||
| Q2 25 | $-26.9M | $40.8M | ||
| Q1 25 | $19.1M | $32.1M | ||
| Q4 24 | $22.0M | $132.0M | ||
| Q3 24 | $50.2M | $62.2M | ||
| Q2 24 | $-1.8M | $12.8M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 98.8% | ||
| Q3 25 | 14.6% | 58.0% | ||
| Q2 25 | -7.8% | 34.1% | ||
| Q1 25 | 5.5% | 25.5% | ||
| Q4 24 | 6.4% | 79.9% | ||
| Q3 24 | 14.7% | 50.6% | ||
| Q2 24 | -0.5% | 10.9% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 4.8% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 3.2% | 0.9% | ||
| Q4 24 | 2.6% | 10.1% | ||
| Q3 24 | 2.5% | 5.5% | ||
| Q2 24 | 2.2% | 4.0% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 3.16× | ||
| Q3 25 | 2.41× | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | 12.08× | 71.84× | ||
| Q4 24 | 1.48× | 19.54× | ||
| Q3 24 | 1.92× | 16.60× | ||
| Q2 24 | 0.18× | 3.64× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
