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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Hillenbrand, Inc. (HI). Click either name above to swap in a different company.
Hillenbrand, Inc. is the larger business by last-quarter revenue ($550.2M vs $351.4M, roughly 1.6× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -0.4%, a 5.1% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -22.2%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -16.3%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
APOG vs HI — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $550.2M |
| Net Profit | $16.6M | $-2.2M |
| Gross Margin | 22.4% | 33.4% |
| Operating Margin | 7.3% | -2.2% |
| Net Margin | 4.7% | -0.4% |
| Revenue YoY | 1.6% | -22.2% |
| Net Profit YoY | 568.8% | -134.4% |
| EPS (diluted) | $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.
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $550.2M | ||
| Q3 25 | $358.2M | $652.1M | ||
| Q2 25 | $346.6M | $598.9M | ||
| Q1 25 | $345.7M | $715.9M | ||
| Q4 24 | $341.3M | $706.9M | ||
| Q3 24 | $342.4M | $837.6M | ||
| Q2 24 | $331.5M | $786.6M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-2.2M | ||
| Q3 25 | $23.6M | $75.7M | ||
| Q2 25 | $-2.7M | $1.9M | ||
| Q1 25 | $2.5M | $-40.9M | ||
| Q4 24 | $21.0M | $6.4M | ||
| Q3 24 | $30.6M | $14.6M | ||
| Q2 24 | $31.0M | $-248.9M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 33.4% | ||
| Q3 25 | 23.1% | 34.8% | ||
| Q2 25 | 21.7% | 33.8% | ||
| Q1 25 | 21.6% | 33.0% | ||
| Q4 24 | 26.1% | 33.2% | ||
| Q3 24 | 28.4% | 34.4% | ||
| Q2 24 | 29.8% | 33.9% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -2.2% | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.0% | 1.8% | ||
| Q1 25 | 1.8% | -6.2% | ||
| Q4 24 | 8.4% | 2.2% | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.5% | -32.7% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -0.4% | ||
| Q3 25 | 6.6% | 11.6% | ||
| Q2 25 | -0.8% | 0.3% | ||
| Q1 25 | 0.7% | -5.7% | ||
| Q4 24 | 6.1% | 0.9% | ||
| Q3 24 | 8.9% | 1.7% | ||
| Q2 24 | 9.4% | -31.6% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $1.10 | $1.07 | ||
| Q2 25 | $-0.13 | $0.03 | ||
| Q1 25 | $0.12 | $-0.58 | ||
| Q4 24 | $0.96 | $0.09 | ||
| Q3 24 | $1.40 | $0.20 | ||
| Q2 24 | $1.41 | $-3.53 |
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 | $173.1M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $1.4B |
| Total Assets | $1.1B | $4.5B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $173.1M | ||
| Q3 25 | $39.5M | $164.8M | ||
| Q2 25 | $32.8M | $162.8M | ||
| Q1 25 | $41.4M | $458.4M | ||
| Q4 24 | $43.9M | $208.0M | ||
| Q3 24 | $51.0M | $199.3M | ||
| Q2 24 | $30.4M | $223.8M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | $285.0M | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.4B | ||
| Q3 25 | $500.2M | $1.4B | ||
| Q2 25 | $481.8M | $1.3B | ||
| Q1 25 | $487.9M | $1.3B | ||
| Q4 24 | $522.1M | $1.4B | ||
| Q3 24 | $506.4M | $1.4B | ||
| Q2 24 | $480.0M | $1.4B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.5B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.2B | $4.8B | ||
| Q4 24 | $1.2B | $5.1B | ||
| Q3 24 | $917.1M | $5.2B | ||
| Q2 24 | $889.0M | $5.3B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | 0.58× | 1.44× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.48× |
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 | $-27.4M |
| Free Cash FlowOCF − Capex | — | $-31.6M |
| FCF MarginFCF / Revenue | — | -5.7% |
| Capex IntensityCapex / Revenue | 7.8% | 0.8% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $7.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-27.4M | ||
| Q3 25 | $57.1M | $67.7M | ||
| Q2 25 | $-19.8M | $-1.5M | ||
| Q1 25 | $30.0M | $1.3M | ||
| Q4 24 | $31.0M | $-11.3M | ||
| Q3 24 | $58.7M | $166.5M | ||
| Q2 24 | $5.5M | $45.6M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-31.6M | ||
| Q3 25 | $52.4M | $58.6M | ||
| Q2 25 | $-26.9M | $-11.2M | ||
| Q1 25 | $19.1M | $-8.0M | ||
| Q4 24 | $22.0M | $-21.5M | ||
| Q3 24 | $50.2M | $153.4M | ||
| Q2 24 | $-1.8M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -5.7% | ||
| Q3 25 | 14.6% | 9.0% | ||
| Q2 25 | -7.8% | -1.9% | ||
| Q1 25 | 5.5% | -1.1% | ||
| Q4 24 | 6.4% | -3.0% | ||
| Q3 24 | 14.7% | 18.3% | ||
| Q2 24 | -0.5% | 3.8% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.8% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 2.1% | 1.6% | ||
| Q1 25 | 3.2% | 1.3% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.5% | 1.6% | ||
| Q2 24 | 2.2% | 2.0% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 0.89× | ||
| Q2 25 | — | -0.79× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | -1.77× | ||
| Q3 24 | 1.92× | 11.40× | ||
| Q2 24 | 0.18× | — |
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% |
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
