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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Hillman Solutions Corp. (HLMN). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $351.4M, roughly 1.1× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -1.3%, a 6.0% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -1.2%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
APOG vs HLMN — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $370.1M |
| Net Profit | $16.6M | $-4.7M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 1.9% |
| Net Margin | 4.7% | -1.3% |
| Revenue YoY | 1.6% | 3.0% |
| Net Profit YoY | 568.8% | — |
| EPS (diluted) | $0.78 | $-0.02 |
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 | $370.1M | ||
| Q4 25 | $348.6M | $365.1M | ||
| Q3 25 | $358.2M | $424.9M | ||
| Q2 25 | $346.6M | $402.8M | ||
| Q1 25 | $345.7M | $359.3M | ||
| Q4 24 | $341.3M | $349.6M | ||
| Q3 24 | $342.4M | $393.3M | ||
| Q2 24 | $331.5M | $379.4M |
| Q1 26 | $16.6M | $-4.7M | ||
| Q4 25 | $16.5M | $1.6M | ||
| Q3 25 | $23.6M | $23.2M | ||
| Q2 25 | $-2.7M | $15.8M | ||
| Q1 25 | $2.5M | $-317.0K | ||
| Q4 24 | $21.0M | $-1.2M | ||
| Q3 24 | $30.6M | $7.4M | ||
| Q2 24 | $31.0M | $12.5M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | 1.9% | ||
| Q4 25 | 7.1% | 4.6% | ||
| Q3 25 | 7.5% | 10.8% | ||
| Q2 25 | 2.0% | 9.0% | ||
| Q1 25 | 1.8% | 4.2% | ||
| Q4 24 | 8.4% | 4.0% | ||
| Q3 24 | 12.3% | 6.8% | ||
| Q2 24 | 12.5% | 8.3% |
| Q1 26 | 4.7% | -1.3% | ||
| Q4 25 | 4.7% | 0.4% | ||
| Q3 25 | 6.6% | 5.5% | ||
| Q2 25 | -0.8% | 3.9% | ||
| Q1 25 | 0.7% | -0.1% | ||
| Q4 24 | 6.1% | -0.3% | ||
| Q3 24 | 8.9% | 1.9% | ||
| Q2 24 | 9.4% | 3.3% |
| Q1 26 | $0.78 | $-0.02 | ||
| Q4 25 | $0.77 | $0.00 | ||
| Q3 25 | $1.10 | $0.12 | ||
| Q2 25 | $-0.13 | $0.08 | ||
| Q1 25 | $0.12 | $0.00 | ||
| Q4 24 | $0.96 | $-0.00 | ||
| Q3 24 | $1.40 | $0.04 | ||
| Q2 24 | $1.41 | $0.06 |
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 | $27.7M |
| Total DebtLower is stronger | $232.3M | $714.1M |
| Stockholders' EquityBook value | $511.8M | $1.2B |
| Total Assets | $1.1B | $2.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $27.7M | ||
| Q4 25 | $41.3M | $27.3M | ||
| Q3 25 | $39.5M | $37.7M | ||
| Q2 25 | $32.8M | $34.2M | ||
| Q1 25 | $41.4M | $36.3M | ||
| Q4 24 | $43.9M | $44.5M | ||
| Q3 24 | $51.0M | $59.8M | ||
| Q2 24 | $30.4M | $54.0M |
| Q1 26 | $232.3M | $714.1M | ||
| Q4 25 | — | $668.3M | ||
| Q3 25 | — | $683.2M | ||
| Q2 25 | — | $683.1M | ||
| Q1 25 | $285.0M | $713.5M | ||
| Q4 24 | — | $691.7M | ||
| Q3 24 | — | $730.7M | ||
| Q2 24 | — | $732.1M |
| Q1 26 | $511.8M | $1.2B | ||
| Q4 25 | $512.3M | $1.2B | ||
| Q3 25 | $500.2M | $1.2B | ||
| Q2 25 | $481.8M | $1.2B | ||
| Q1 25 | $487.9M | $1.2B | ||
| Q4 24 | $522.1M | $1.2B | ||
| Q3 24 | $506.4M | $1.2B | ||
| Q2 24 | $480.0M | $1.2B |
| Q1 26 | $1.1B | $2.4B | ||
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $917.1M | $2.4B | ||
| Q2 24 | $889.0M | $2.4B |
| Q1 26 | 0.45× | 0.59× | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | 0.58× | 0.60× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | — |
| Free Cash FlowOCF − Capex | — | $-34.3M |
| FCF MarginFCF / Revenue | — | -9.3% |
| Capex IntensityCapex / Revenue | 7.8% | 4.0% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $30.9M | ||
| Q3 25 | $57.1M | $26.2M | ||
| Q2 25 | $-19.8M | $48.7M | ||
| Q1 25 | $30.0M | $-655.0K | ||
| Q4 24 | $31.0M | $43.1M | ||
| Q3 24 | $58.7M | $63.7M | ||
| Q2 24 | $5.5M | $64.8M |
| Q1 26 | — | $-34.3M | ||
| Q4 25 | $22.9M | $16.1M | ||
| Q3 25 | $52.4M | $9.1M | ||
| Q2 25 | $-26.9M | $31.2M | ||
| Q1 25 | $19.1M | $-21.3M | ||
| Q4 24 | $22.0M | $22.1M | ||
| Q3 24 | $50.2M | $39.6M | ||
| Q2 24 | $-1.8M | $42.5M |
| Q1 26 | — | -9.3% | ||
| Q4 25 | 6.6% | 4.4% | ||
| Q3 25 | 14.6% | 2.1% | ||
| Q2 25 | -7.8% | 7.7% | ||
| Q1 25 | 5.5% | -5.9% | ||
| Q4 24 | 6.4% | 6.3% | ||
| Q3 24 | 14.7% | 10.1% | ||
| Q2 24 | -0.5% | 11.2% |
| Q1 26 | 7.8% | 4.0% | ||
| Q4 25 | 1.9% | 4.0% | ||
| Q3 25 | 1.3% | 4.0% | ||
| Q2 25 | 2.1% | 4.3% | ||
| Q1 25 | 3.2% | 5.7% | ||
| Q4 24 | 2.6% | 6.0% | ||
| Q3 24 | 2.5% | 6.1% | ||
| Q2 24 | 2.2% | 5.9% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 19.33× | ||
| Q3 25 | 2.41× | 1.13× | ||
| Q2 25 | — | 3.08× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 8.57× | ||
| Q2 24 | 0.18× | 5.17× |
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% |
HLMN
Segment breakdown not available.
