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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.
WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($384.0M vs $351.4M, roughly 1.1× APOGEE ENTERPRISES, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs 4.7%, a 1.2% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (29.1% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -12.7%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
APOG vs HCC — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $384.0M |
| Net Profit | $16.6M | $23.0M |
| Gross Margin | 22.4% | 29.5% |
| Operating Margin | 7.3% | 9.0% |
| Net Margin | 4.7% | 6.0% |
| Revenue YoY | 1.6% | 29.1% |
| Net Profit YoY | 568.8% | 1919.5% |
| EPS (diluted) | $0.78 | $0.43 |
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 | $384.0M | ||
| Q3 25 | $358.2M | $328.6M | ||
| Q2 25 | $346.6M | $297.5M | ||
| Q1 25 | $345.7M | $299.9M | ||
| Q4 24 | $341.3M | $297.5M | ||
| Q3 24 | $342.4M | $327.7M | ||
| Q2 24 | $331.5M | $396.5M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $23.0M | ||
| Q3 25 | $23.6M | $36.6M | ||
| Q2 25 | $-2.7M | $5.6M | ||
| Q1 25 | $2.5M | $-8.2M | ||
| Q4 24 | $21.0M | $1.1M | ||
| Q3 24 | $30.6M | $41.8M | ||
| Q2 24 | $31.0M | $70.7M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 29.5% | ||
| Q3 25 | 23.1% | 27.1% | ||
| Q2 25 | 21.7% | 23.9% | ||
| Q1 25 | 21.6% | 18.1% | ||
| Q4 24 | 26.1% | 23.1% | ||
| Q3 24 | 28.4% | 29.3% | ||
| Q2 24 | 29.8% | 34.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 9.0% | ||
| Q3 25 | 7.5% | 6.3% | ||
| Q2 25 | 2.0% | 2.6% | ||
| Q1 25 | 1.8% | -5.8% | ||
| Q4 24 | 8.4% | -1.4% | ||
| Q3 24 | 12.3% | 11.9% | ||
| Q2 24 | 12.5% | 17.9% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 6.0% | ||
| Q3 25 | 6.6% | 11.1% | ||
| Q2 25 | -0.8% | 1.9% | ||
| Q1 25 | 0.7% | -2.7% | ||
| Q4 24 | 6.1% | 0.4% | ||
| Q3 24 | 8.9% | 12.7% | ||
| Q2 24 | 9.4% | 17.8% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.43 | ||
| Q3 25 | $1.10 | $0.70 | ||
| Q2 25 | $-0.13 | $0.11 | ||
| Q1 25 | $0.12 | $-0.16 | ||
| Q4 24 | $0.96 | $0.02 | ||
| Q3 24 | $1.40 | $0.80 | ||
| Q2 24 | $1.41 | $1.35 |
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 | $300.0M |
| Total DebtLower is stronger | $232.3M | $154.3M |
| Stockholders' EquityBook value | $511.8M | $2.1B |
| Total Assets | $1.1B | $2.8B |
| Debt / EquityLower = less leverage | 0.45× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $300.0M | ||
| Q3 25 | $39.5M | $336.3M | ||
| Q2 25 | $32.8M | $383.3M | ||
| Q1 25 | $41.4M | $454.9M | ||
| Q4 24 | $43.9M | $491.5M | ||
| Q3 24 | $51.0M | $583.2M | ||
| Q2 24 | $30.4M | $709.0M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $154.3M | ||
| Q3 25 | — | $154.1M | ||
| Q2 25 | — | $153.9M | ||
| Q1 25 | $285.0M | $153.8M | ||
| Q4 24 | — | $153.6M | ||
| Q3 24 | — | $153.5M | ||
| Q2 24 | — | $153.3M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $2.1B | ||
| Q3 25 | $500.2M | $2.1B | ||
| Q2 25 | $481.8M | $2.1B | ||
| Q1 25 | $487.9M | $2.1B | ||
| Q4 24 | $522.1M | $2.1B | ||
| Q3 24 | $506.4M | $2.1B | ||
| Q2 24 | $480.0M | $2.0B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $917.1M | $2.6B | ||
| Q2 24 | $889.0M | $2.6B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | 0.58× | 0.07× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | $76.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $76.1M | ||
| Q3 25 | $57.1M | $104.7M | ||
| Q2 25 | $-19.8M | $37.5M | ||
| Q1 25 | $30.0M | $10.9M | ||
| Q4 24 | $31.0M | $54.2M | ||
| Q3 24 | $58.7M | $62.2M | ||
| Q2 24 | $5.5M | $147.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 3.31× | ||
| Q3 25 | 2.41× | 2.86× | ||
| Q2 25 | — | 6.70× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | 47.68× | ||
| Q3 24 | 1.92× | 1.49× | ||
| Q2 24 | 0.18× | 2.08× |
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% |
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
