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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and GRACO INC (GGG). Click either name above to swap in a different company.
GRACO INC is the larger business by last-quarter revenue ($593.2M vs $348.6M, roughly 1.7× APOGEE ENTERPRISES, INC.). GRACO INC runs the higher net margin — 22.3% vs 4.7%, a 17.6% gap on every dollar of revenue. On growth, GRACO INC posted the faster year-over-year revenue change (8.1% vs 2.1%). GRACO INC produced more free cash flow last quarter ($184.3M vs $22.9M). Over the past eight quarters, GRACO INC's revenue compounded faster (9.8% 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.
Graco Inc. is an American industrial company that specializes in the development and manufacturing of fluid-handling systems and products. The company is headquartered in Minneapolis, Minnesota, and markets its products to customers worldwide.
APOG vs GGG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $593.2M |
| Net Profit | $16.5M | $132.5M |
| Gross Margin | 23.8% | 51.7% |
| Operating Margin | 7.1% | 26.7% |
| Net Margin | 4.7% | 22.3% |
| Revenue YoY | 2.1% | 8.1% |
| Net Profit YoY | -21.2% | 21.9% |
| EPS (diluted) | $0.77 | $0.78 |
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 | $593.2M | ||
| Q3 25 | $358.2M | $543.4M | ||
| Q2 25 | $346.6M | $571.8M | ||
| Q1 25 | $345.7M | $528.3M | ||
| Q4 24 | $341.3M | $548.7M | ||
| Q3 24 | $342.4M | $519.2M | ||
| Q2 24 | $331.5M | $553.2M | ||
| Q1 24 | $361.8M | $492.2M |
| Q4 25 | $16.5M | $132.5M | ||
| Q3 25 | $23.6M | $137.6M | ||
| Q2 25 | $-2.7M | $127.6M | ||
| Q1 25 | $2.5M | $124.1M | ||
| Q4 24 | $21.0M | $108.7M | ||
| Q3 24 | $30.6M | $122.2M | ||
| Q2 24 | $31.0M | $133.0M | ||
| Q1 24 | $15.7M | $122.2M |
| Q4 25 | 23.8% | 51.7% | ||
| Q3 25 | 23.1% | 53.2% | ||
| Q2 25 | 21.7% | 52.4% | ||
| Q1 25 | 21.6% | 52.6% | ||
| Q4 24 | 26.1% | 50.9% | ||
| Q3 24 | 28.4% | 53.2% | ||
| Q2 24 | 29.8% | 54.4% | ||
| Q1 24 | 24.4% | 54.1% |
| Q4 25 | 7.1% | 26.7% | ||
| Q3 25 | 7.5% | 30.3% | ||
| Q2 25 | 2.0% | 27.5% | ||
| Q1 25 | 1.8% | 27.3% | ||
| Q4 24 | 8.4% | 23.7% | ||
| Q3 24 | 12.3% | 28.1% | ||
| Q2 24 | 12.5% | 29.2% | ||
| Q1 24 | 6.0% | 27.0% |
| Q4 25 | 4.7% | 22.3% | ||
| Q3 25 | 6.6% | 25.3% | ||
| Q2 25 | -0.8% | 22.3% | ||
| Q1 25 | 0.7% | 23.5% | ||
| Q4 24 | 6.1% | 19.8% | ||
| Q3 24 | 8.9% | 23.5% | ||
| Q2 24 | 9.4% | 24.0% | ||
| Q1 24 | 4.3% | 24.8% |
| Q4 25 | $0.77 | $0.78 | ||
| Q3 25 | $1.10 | $0.82 | ||
| Q2 25 | $-0.13 | $0.76 | ||
| Q1 25 | $0.12 | $0.72 | ||
| Q4 24 | $0.96 | $0.63 | ||
| Q3 24 | $1.40 | $0.71 | ||
| Q2 24 | $1.41 | $0.77 | ||
| Q1 24 | $0.71 | $0.71 |
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 | $624.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $2.7B |
| Total Assets | $1.1B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $624.1M | ||
| Q3 25 | $39.5M | $618.7M | ||
| Q2 25 | $32.8M | $534.9M | ||
| Q1 25 | $41.4M | $536.1M | ||
| Q4 24 | $43.9M | $675.3M | ||
| Q3 24 | $51.0M | $764.5M | ||
| Q2 24 | $30.4M | $666.0M | ||
| Q1 24 | $37.2M | $622.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $2.7B | ||
| Q3 25 | $500.2M | $2.6B | ||
| Q2 25 | $481.8M | $2.5B | ||
| Q1 25 | $487.9M | $2.5B | ||
| Q4 24 | $522.1M | $2.6B | ||
| Q3 24 | $506.4M | $2.5B | ||
| Q2 24 | $480.0M | $2.4B | ||
| Q1 24 | $471.0M | $2.3B |
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.2B | $3.0B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $917.1M | $3.0B | ||
| Q2 24 | $889.0M | $2.9B | ||
| Q1 24 | $884.1M | $2.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $196.3M |
| Free Cash FlowOCF − Capex | $22.9M | $184.3M |
| FCF MarginFCF / Revenue | 6.6% | 31.1% |
| Capex IntensityCapex / Revenue | 1.9% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.77× | 1.48× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $637.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $196.3M | ||
| Q3 25 | $57.1M | $179.2M | ||
| Q2 25 | $-19.8M | $182.7M | ||
| Q1 25 | $30.0M | $125.4M | ||
| Q4 24 | $31.0M | $185.2M | ||
| Q3 24 | $58.7M | $178.6M | ||
| Q2 24 | $5.5M | $139.0M | ||
| Q1 24 | $74.9M | $118.9M |
| Q4 25 | $22.9M | $184.3M | ||
| Q3 25 | $52.4M | $175.7M | ||
| Q2 25 | $-26.9M | $163.1M | ||
| Q1 25 | $19.1M | $114.8M | ||
| Q4 24 | $22.0M | $171.3M | ||
| Q3 24 | $50.2M | $159.2M | ||
| Q2 24 | $-1.8M | $102.7M | ||
| Q1 24 | $58.7M | $81.7M |
| Q4 25 | 6.6% | 31.1% | ||
| Q3 25 | 14.6% | 32.3% | ||
| Q2 25 | -7.8% | 28.5% | ||
| Q1 25 | 5.5% | 21.7% | ||
| Q4 24 | 6.4% | 31.2% | ||
| Q3 24 | 14.7% | 30.7% | ||
| Q2 24 | -0.5% | 18.6% | ||
| Q1 24 | 16.2% | 16.6% |
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 2.1% | 3.4% | ||
| Q1 25 | 3.2% | 2.0% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 2.5% | 3.7% | ||
| Q2 24 | 2.2% | 6.6% | ||
| Q1 24 | 4.5% | 7.6% |
| Q4 25 | 1.77× | 1.48× | ||
| Q3 25 | 2.41× | 1.30× | ||
| Q2 25 | — | 1.43× | ||
| Q1 25 | 12.08× | 1.01× | ||
| Q4 24 | 1.48× | 1.70× | ||
| Q3 24 | 1.92× | 1.46× | ||
| Q2 24 | 0.18× | 1.05× | ||
| Q1 24 | 4.76× | 0.97× |
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% |
GGG
| Industrial | $284.3M | 48% |
| Contractor | $265.5M | 45% |
| Other | $43.4M | 7% |
