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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $230.6M, roughly 1.5× Gogo Inc.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -4.3%, a 9.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 1.6%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% 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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
APOG vs GOGO — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $230.6M |
| Net Profit | $16.6M | $-10.0M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 6.2% |
| Net Margin | 4.7% | -4.3% |
| Revenue YoY | 1.6% | 67.3% |
| Net Profit YoY | 568.8% | 64.6% |
| EPS (diluted) | $0.78 | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $358.2M | $223.6M | ||
| Q2 25 | $346.6M | $226.0M | ||
| Q1 25 | $345.7M | $230.3M | ||
| Q4 24 | $341.3M | $137.8M | ||
| Q3 24 | $342.4M | $100.5M | ||
| Q2 24 | $331.5M | $102.1M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-10.0M | ||
| Q3 25 | $23.6M | $-1.9M | ||
| Q2 25 | $-2.7M | $12.8M | ||
| Q1 25 | $2.5M | $12.0M | ||
| Q4 24 | $21.0M | $-28.2M | ||
| Q3 24 | $30.6M | $10.6M | ||
| Q2 24 | $31.0M | $839.0K |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | 87.8% | ||
| Q1 25 | 21.6% | 87.3% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 6.2% | ||
| Q3 25 | 7.5% | 12.9% | ||
| Q2 25 | 2.0% | 15.9% | ||
| Q1 25 | 1.8% | 15.3% | ||
| Q4 24 | 8.4% | -17.5% | ||
| Q3 24 | 12.3% | 19.0% | ||
| Q2 24 | 12.5% | 21.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -4.3% | ||
| Q3 25 | 6.6% | -0.9% | ||
| Q2 25 | -0.8% | 5.7% | ||
| Q1 25 | 0.7% | 5.2% | ||
| Q4 24 | 6.1% | -20.5% | ||
| Q3 24 | 8.9% | 10.6% | ||
| Q2 24 | 9.4% | 0.8% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.08 | ||
| Q3 25 | $1.10 | $-0.01 | ||
| Q2 25 | $-0.13 | $0.09 | ||
| Q1 25 | $0.12 | $0.09 | ||
| Q4 24 | $0.96 | $-0.22 | ||
| Q3 24 | $1.40 | $0.08 | ||
| Q2 24 | $1.41 | $0.01 |
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 | $125.2M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $101.1M |
| Total Assets | $1.1B | $1.3B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $125.2M | ||
| Q3 25 | $39.5M | $133.6M | ||
| Q2 25 | $32.8M | $102.1M | ||
| Q1 25 | $41.4M | $70.3M | ||
| Q4 24 | $43.9M | $41.8M | ||
| Q3 24 | $51.0M | $176.7M | ||
| Q2 24 | $30.4M | $161.6M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $101.1M | ||
| Q3 25 | $500.2M | $107.0M | ||
| Q2 25 | $481.8M | $102.8M | ||
| Q1 25 | $487.9M | $82.9M | ||
| Q4 24 | $522.1M | $69.3M | ||
| Q3 24 | $506.4M | $52.7M | ||
| Q2 24 | $480.0M | $52.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $917.1M | $810.7M | ||
| Q2 24 | $889.0M | $802.7M |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| 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 | $8.5M |
| Free Cash FlowOCF − Capex | — | $-25.4M |
| FCF MarginFCF / Revenue | — | -11.0% |
| Capex IntensityCapex / Revenue | 7.8% | 14.7% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $8.5M | ||
| Q3 25 | $57.1M | $46.8M | ||
| Q2 25 | $-19.8M | $36.7M | ||
| Q1 25 | $30.0M | $32.5M | ||
| Q4 24 | $31.0M | $-38.3M | ||
| Q3 24 | $58.7M | $25.1M | ||
| Q2 24 | $5.5M | $24.9M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-25.4M | ||
| Q3 25 | $52.4M | $27.3M | ||
| Q2 25 | $-26.9M | $33.5M | ||
| Q1 25 | $19.1M | $29.7M | ||
| Q4 24 | $22.0M | $-42.6M | ||
| Q3 24 | $50.2M | $20.7M | ||
| Q2 24 | $-1.8M | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -11.0% | ||
| Q3 25 | 14.6% | 12.2% | ||
| Q2 25 | -7.8% | 14.8% | ||
| Q1 25 | 5.5% | 12.9% | ||
| Q4 24 | 6.4% | -30.9% | ||
| Q3 24 | 14.7% | 20.6% | ||
| Q2 24 | -0.5% | 21.1% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 14.7% | ||
| Q3 25 | 1.3% | 8.7% | ||
| Q2 25 | 2.1% | 1.4% | ||
| Q1 25 | 3.2% | 1.2% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.5% | 4.4% | ||
| Q2 24 | 2.2% | 3.3% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | 12.08× | 2.70× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 2.36× | ||
| Q2 24 | 0.18× | 29.74× |
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% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
