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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and MARINEMAX INC (HZO). Click either name above to swap in a different company.
MARINEMAX INC is the larger business by last-quarter revenue ($505.2M vs $348.6M, roughly 1.4× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -1.6%, a 6.3% gap on every dollar of revenue. On growth, MARINEMAX INC posted the faster year-over-year revenue change (7.8% vs 2.1%). APOGEE ENTERPRISES, INC. produced more free cash flow last quarter ($22.9M vs $8.3M). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (-1.9% CAGR vs -6.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
APOG vs HZO — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $505.2M |
| Net Profit | $16.5M | $-7.9M |
| Gross Margin | 23.8% | 31.8% |
| Operating Margin | 7.1% | 1.0% |
| Net Margin | 4.7% | -1.6% |
| Revenue YoY | 2.1% | 7.8% |
| Net Profit YoY | -21.2% | -143.9% |
| EPS (diluted) | $0.77 | $-0.36 |
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.
| Q4 25 | $348.6M | $505.2M | ||
| Q3 25 | $358.2M | $552.2M | ||
| Q2 25 | $346.6M | $657.2M | ||
| Q1 25 | $345.7M | $631.5M | ||
| Q4 24 | $341.3M | $468.5M | ||
| Q3 24 | $342.4M | $563.1M | ||
| Q2 24 | $331.5M | $757.7M | ||
| Q1 24 | $361.8M | $582.9M |
| Q4 25 | $16.5M | $-7.9M | ||
| Q3 25 | $23.6M | $-851.0K | ||
| Q2 25 | $-2.7M | $-52.1M | ||
| Q1 25 | $2.5M | $3.3M | ||
| Q4 24 | $21.0M | $18.1M | ||
| Q3 24 | $30.6M | $4.0M | ||
| Q2 24 | $31.0M | $31.6M | ||
| Q1 24 | $15.7M | $1.6M |
| Q4 25 | 23.8% | 31.8% | ||
| Q3 25 | 23.1% | 34.7% | ||
| Q2 25 | 21.7% | 30.4% | ||
| Q1 25 | 21.6% | 30.0% | ||
| Q4 24 | 26.1% | 36.2% | ||
| Q3 24 | 28.4% | 34.3% | ||
| Q2 24 | 29.8% | 32.0% | ||
| Q1 24 | 24.4% | 32.7% |
| Q4 25 | 7.1% | 1.0% | ||
| Q3 25 | 7.5% | 2.5% | ||
| Q2 25 | 2.0% | -6.3% | ||
| Q1 25 | 1.8% | 3.6% | ||
| Q4 24 | 8.4% | 8.3% | ||
| Q3 24 | 12.3% | 4.8% | ||
| Q2 24 | 12.5% | 8.1% | ||
| Q1 24 | 6.0% | 3.7% |
| Q4 25 | 4.7% | -1.6% | ||
| Q3 25 | 6.6% | -0.2% | ||
| Q2 25 | -0.8% | -7.9% | ||
| Q1 25 | 0.7% | 0.5% | ||
| Q4 24 | 6.1% | 3.9% | ||
| Q3 24 | 8.9% | 0.7% | ||
| Q2 24 | 9.4% | 4.2% | ||
| Q1 24 | 4.3% | 0.3% |
| Q4 25 | $0.77 | $-0.36 | ||
| Q3 25 | $1.10 | $0.08 | ||
| Q2 25 | $-0.13 | $-2.42 | ||
| Q1 25 | $0.12 | $0.14 | ||
| Q4 24 | $0.96 | $0.77 | ||
| Q3 24 | $1.40 | $0.17 | ||
| Q2 24 | $1.41 | $1.37 | ||
| Q1 24 | $0.71 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $164.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $932.8M |
| Total Assets | $1.1B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $164.6M | ||
| Q3 25 | $39.5M | $170.4M | ||
| Q2 25 | $32.8M | $151.0M | ||
| Q1 25 | $41.4M | $203.5M | ||
| Q4 24 | $43.9M | $145.0M | ||
| Q3 24 | $51.0M | $224.3M | ||
| Q2 24 | $30.4M | $242.4M | ||
| Q1 24 | $37.2M | $216.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | $393.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $391.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $932.8M | ||
| Q3 25 | $500.2M | $937.2M | ||
| Q2 25 | $481.8M | $940.5M | ||
| Q1 25 | $487.9M | $993.4M | ||
| Q4 24 | $522.1M | $993.5M | ||
| Q3 24 | $506.4M | $975.8M | ||
| Q2 24 | $480.0M | $967.6M | ||
| Q1 24 | $471.0M | $931.3M |
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $917.1M | $2.6B | ||
| Q2 24 | $889.0M | $2.6B | ||
| Q1 24 | $884.1M | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $29.3M | $16.9M |
| Free Cash FlowOCF − Capex | $22.9M | $8.3M |
| FCF MarginFCF / Revenue | 6.6% | 1.7% |
| Capex IntensityCapex / Revenue | 1.9% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $184.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $16.9M | ||
| Q3 25 | $57.1M | $61.5M | ||
| Q2 25 | $-19.8M | $84.9M | ||
| Q1 25 | $30.0M | $72.5M | ||
| Q4 24 | $31.0M | $-146.1M | ||
| Q3 24 | $58.7M | $-782.0K | ||
| Q2 24 | $5.5M | $86.3M | ||
| Q1 24 | $74.9M | $-22.1M |
| Q4 25 | $22.9M | $8.3M | ||
| Q3 25 | $52.4M | $48.0M | ||
| Q2 25 | $-26.9M | $68.5M | ||
| Q1 25 | $19.1M | $59.8M | ||
| Q4 24 | $22.0M | $-164.4M | ||
| Q3 24 | $50.2M | $-17.5M | ||
| Q2 24 | $-1.8M | $71.1M | ||
| Q1 24 | $58.7M | $-37.3M |
| Q4 25 | 6.6% | 1.7% | ||
| Q3 25 | 14.6% | 8.7% | ||
| Q2 25 | -7.8% | 10.4% | ||
| Q1 25 | 5.5% | 9.5% | ||
| Q4 24 | 6.4% | -35.1% | ||
| Q3 24 | 14.7% | -3.1% | ||
| Q2 24 | -0.5% | 9.4% | ||
| Q1 24 | 16.2% | -6.4% |
| Q4 25 | 1.9% | 1.7% | ||
| Q3 25 | 1.3% | 2.4% | ||
| Q2 25 | 2.1% | 2.5% | ||
| Q1 25 | 3.2% | 2.0% | ||
| Q4 24 | 2.6% | 3.9% | ||
| Q3 24 | 2.5% | 3.0% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 4.5% | 2.6% |
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | 21.97× | ||
| Q4 24 | 1.48× | -8.09× | ||
| Q3 24 | 1.92× | -0.20× | ||
| Q2 24 | 0.18× | 2.74× | ||
| Q1 24 | 4.76× | -13.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
HZO
Segment breakdown not available.
