vs

Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $351.4M, roughly 1.4× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -7.3%, a 12.0% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -17.9%).

Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.

APOG vs GOLF — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.4× larger
GOLF
$477.2M
$351.4M
APOG
Growing faster (revenue YoY)
GOLF
GOLF
+5.6% gap
GOLF
7.2%
1.6%
APOG
Higher net margin
APOG
APOG
12.0% more per $
APOG
4.7%
-7.3%
GOLF
Faster 2-yr revenue CAGR
APOG
APOG
Annualised
APOG
2.9%
-17.9%
GOLF

Income Statement — Q4 FY2026 vs Q4 FY2025

Metric
APOG
APOG
GOLF
GOLF
Revenue
$351.4M
$477.2M
Net Profit
$16.6M
$-34.9M
Gross Margin
22.4%
44.1%
Operating Margin
7.3%
-3.8%
Net Margin
4.7%
-7.3%
Revenue YoY
1.6%
7.2%
Net Profit YoY
568.8%
-3027.3%
EPS (diluted)
$0.78
$-0.57

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.

Revenue
APOG
APOG
GOLF
GOLF
Q1 26
$351.4M
Q4 25
$348.6M
$477.2M
Q3 25
$358.2M
$657.7M
Q2 25
$346.6M
$720.5M
Q1 25
$345.7M
$703.4M
Q4 24
$341.3M
$445.2M
Q3 24
$342.4M
$620.5M
Q2 24
$331.5M
$683.9M
Net Profit
APOG
APOG
GOLF
GOLF
Q1 26
$16.6M
Q4 25
$16.5M
$-34.9M
Q3 25
$23.6M
$48.5M
Q2 25
$-2.7M
$75.6M
Q1 25
$2.5M
$99.4M
Q4 24
$21.0M
$-1.1M
Q3 24
$30.6M
$56.2M
Q2 24
$31.0M
$71.4M
Gross Margin
APOG
APOG
GOLF
GOLF
Q1 26
22.4%
Q4 25
23.8%
44.1%
Q3 25
23.1%
48.5%
Q2 25
21.7%
49.2%
Q1 25
21.6%
47.9%
Q4 24
26.1%
22.6%
Q3 24
28.4%
54.4%
Q2 24
29.8%
54.4%
Operating Margin
APOG
APOG
GOLF
GOLF
Q1 26
7.3%
Q4 25
7.1%
-3.8%
Q3 25
7.5%
14.1%
Q2 25
2.0%
15.2%
Q1 25
1.8%
16.3%
Q4 24
8.4%
-1.2%
Q3 24
12.3%
13.2%
Q2 24
12.5%
15.5%
Net Margin
APOG
APOG
GOLF
GOLF
Q1 26
4.7%
Q4 25
4.7%
-7.3%
Q3 25
6.6%
7.4%
Q2 25
-0.8%
10.5%
Q1 25
0.7%
14.1%
Q4 24
6.1%
-0.3%
Q3 24
8.9%
9.1%
Q2 24
9.4%
10.4%
EPS (diluted)
APOG
APOG
GOLF
GOLF
Q1 26
$0.78
Q4 25
$0.77
$-0.57
Q3 25
$1.10
$0.81
Q2 25
$-0.13
$1.25
Q1 25
$0.12
$1.62
Q4 24
$0.96
$0.02
Q3 24
$1.40
$0.89
Q2 24
$1.41
$1.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APOG
APOG
GOLF
GOLF
Cash + ST InvestmentsLiquidity on hand
$39.5M
Total DebtLower is stronger
$232.3M
$926.2M
Stockholders' EquityBook value
$511.8M
$783.6M
Total Assets
$1.1B
$2.3B
Debt / EquityLower = less leverage
0.45×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APOG
APOG
GOLF
GOLF
Q1 26
$39.5M
Q4 25
$41.3M
Q3 25
$39.5M
Q2 25
$32.8M
Q1 25
$41.4M
Q4 24
$43.9M
Q3 24
$51.0M
Q2 24
$30.4M
Total Debt
APOG
APOG
GOLF
GOLF
Q1 26
$232.3M
Q4 25
$926.2M
Q3 25
Q2 25
Q1 25
$285.0M
Q4 24
$753.1M
Q3 24
Q2 24
Stockholders' Equity
APOG
APOG
GOLF
GOLF
Q1 26
$511.8M
Q4 25
$512.3M
$783.6M
Q3 25
$500.2M
$852.3M
Q2 25
$481.8M
$808.5M
Q1 25
$487.9M
$780.3M
Q4 24
$522.1M
$765.2M
Q3 24
$506.4M
$863.9M
Q2 24
$480.0M
$863.7M
Total Assets
APOG
APOG
GOLF
GOLF
Q1 26
$1.1B
Q4 25
$1.1B
$2.3B
Q3 25
$1.2B
$2.4B
Q2 25
$1.2B
$2.4B
Q1 25
$1.2B
$2.4B
Q4 24
$1.2B
$2.2B
Q3 24
$917.1M
$2.3B
Q2 24
$889.0M
$2.3B
Debt / Equity
APOG
APOG
GOLF
GOLF
Q1 26
0.45×
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
0.58×
Q4 24
0.98×
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
APOG
APOG
GOLF
GOLF
Operating Cash FlowLast quarter
$122.5M
$-338.0K
Free Cash FlowOCF − Capex
$-23.3M
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
7.8%
4.8%
Cash ConversionOCF / Net Profit
7.37×
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APOG
APOG
GOLF
GOLF
Q1 26
$122.5M
Q4 25
$29.3M
$-338.0K
Q3 25
$57.1M
$163.1M
Q2 25
$-19.8M
$151.9M
Q1 25
$30.0M
$-120.3M
Q4 24
$31.0M
$-1.1M
Q3 24
$58.7M
$144.1M
Q2 24
$5.5M
$211.6M
Free Cash Flow
APOG
APOG
GOLF
GOLF
Q1 26
Q4 25
$22.9M
$-23.3M
Q3 25
$52.4M
$136.9M
Q2 25
$-26.9M
$138.0M
Q1 25
$19.1M
$-131.5M
Q4 24
$22.0M
$-33.2M
Q3 24
$50.2M
$123.7M
Q2 24
$-1.8M
$196.8M
FCF Margin
APOG
APOG
GOLF
GOLF
Q1 26
Q4 25
6.6%
-4.9%
Q3 25
14.6%
20.8%
Q2 25
-7.8%
19.2%
Q1 25
5.5%
-18.7%
Q4 24
6.4%
-7.5%
Q3 24
14.7%
19.9%
Q2 24
-0.5%
28.8%
Capex Intensity
APOG
APOG
GOLF
GOLF
Q1 26
7.8%
Q4 25
1.9%
4.8%
Q3 25
1.3%
4.0%
Q2 25
2.1%
1.9%
Q1 25
3.2%
1.6%
Q4 24
2.6%
7.2%
Q3 24
2.5%
3.3%
Q2 24
2.2%
2.2%
Cash Conversion
APOG
APOG
GOLF
GOLF
Q1 26
7.37×
Q4 25
1.77×
Q3 25
2.41×
3.36×
Q2 25
2.01×
Q1 25
12.08×
-1.21×
Q4 24
1.48×
Q3 24
1.92×
2.56×
Q2 24
0.18×
2.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APOG
APOG

Architectural Services$127.1M36%
Architectural Metals$110.0M31%
Architectural Glass$67.4M19%
Performance Surfaces$54.3M15%

GOLF
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

Related Comparisons