vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and ICF International, Inc. (ICFI). Click either name above to swap in a different company.
ICF International, Inc. is the larger business by last-quarter revenue ($443.7M vs $351.4M, roughly 1.3× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 3.9%, a 0.8% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -10.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -5.3%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.
APOG vs ICFI — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $443.7M |
| Net Profit | $16.6M | $17.3M |
| Gross Margin | 22.4% | 35.7% |
| Operating Margin | 7.3% | 6.5% |
| Net Margin | 4.7% | 3.9% |
| Revenue YoY | 1.6% | -10.6% |
| Net Profit YoY | 568.8% | -29.5% |
| EPS (diluted) | $0.78 | $0.95 |
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 | $443.7M | ||
| Q3 25 | $358.2M | $465.4M | ||
| Q2 25 | $346.6M | $476.2M | ||
| Q1 25 | $345.7M | $487.6M | ||
| Q4 24 | $341.3M | $496.3M | ||
| Q3 24 | $342.4M | $517.0M | ||
| Q2 24 | $331.5M | $512.0M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $17.3M | ||
| Q3 25 | $23.6M | $23.8M | ||
| Q2 25 | $-2.7M | $23.7M | ||
| Q1 25 | $2.5M | $26.9M | ||
| Q4 24 | $21.0M | $24.6M | ||
| Q3 24 | $30.6M | $32.7M | ||
| Q2 24 | $31.0M | $25.6M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 35.7% | ||
| Q3 25 | 23.1% | 37.6% | ||
| Q2 25 | 21.7% | 37.3% | ||
| Q1 25 | 21.6% | 38.0% | ||
| Q4 24 | 26.1% | 36.1% | ||
| Q3 24 | 28.4% | 37.1% | ||
| Q2 24 | 29.8% | 35.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 6.5% | ||
| Q3 25 | 7.5% | 8.3% | ||
| Q2 25 | 2.0% | 8.4% | ||
| Q1 25 | 1.8% | 7.9% | ||
| Q4 24 | 8.4% | 7.3% | ||
| Q3 24 | 12.3% | 8.9% | ||
| Q2 24 | 12.5% | 8.3% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 3.9% | ||
| Q3 25 | 6.6% | 5.1% | ||
| Q2 25 | -0.8% | 5.0% | ||
| Q1 25 | 0.7% | 5.5% | ||
| Q4 24 | 6.1% | 4.9% | ||
| Q3 24 | 8.9% | 6.3% | ||
| Q2 24 | 9.4% | 5.0% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.95 | ||
| Q3 25 | $1.10 | $1.28 | ||
| Q2 25 | $-0.13 | $1.28 | ||
| Q1 25 | $0.12 | $1.44 | ||
| Q4 24 | $0.96 | $1.29 | ||
| Q3 24 | $1.40 | $1.73 | ||
| Q2 24 | $1.41 | $1.36 |
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 | $5.3M |
| Total DebtLower is stronger | $232.3M | $401.4M |
| Stockholders' EquityBook value | $511.8M | $1.0B |
| Total Assets | $1.1B | $2.1B |
| Debt / EquityLower = less leverage | 0.45× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $5.3M | ||
| Q3 25 | $39.5M | $4.0M | ||
| Q2 25 | $32.8M | $7.0M | ||
| Q1 25 | $41.4M | $5.7M | ||
| Q4 24 | $43.9M | $5.0M | ||
| Q3 24 | $51.0M | $6.9M | ||
| Q2 24 | $30.4M | $4.1M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $401.4M | ||
| Q3 25 | — | $449.4M | ||
| Q2 25 | — | $462.3M | ||
| Q1 25 | $285.0M | $502.0M | ||
| Q4 24 | — | $411.7M | ||
| Q3 24 | — | $419.1M | ||
| Q2 24 | — | $433.9M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.0B | ||
| Q3 25 | $500.2M | $1.0B | ||
| Q2 25 | $481.8M | $1.0B | ||
| Q1 25 | $487.9M | $968.9M | ||
| Q4 24 | $522.1M | $982.5M | ||
| Q3 24 | $506.4M | $976.3M | ||
| Q2 24 | $480.0M | $943.3M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $917.1M | $2.0B | ||
| Q2 24 | $889.0M | $2.0B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | 0.58× | 0.52× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.46× |
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 | $75.6M |
| Free Cash FlowOCF − Capex | — | $68.7M |
| FCF MarginFCF / Revenue | — | 15.5% |
| Capex IntensityCapex / Revenue | 7.8% | 1.6% |
| Cash ConversionOCF / Net Profit | 7.37× | 4.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | $120.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $75.6M | ||
| Q3 25 | $57.1M | $47.3M | ||
| Q2 25 | $-19.8M | $52.0M | ||
| Q1 25 | $30.0M | $-33.0M | ||
| Q4 24 | $31.0M | $95.4M | ||
| Q3 24 | $58.7M | $25.5M | ||
| Q2 24 | $5.5M | $60.6M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $68.7M | ||
| Q3 25 | $52.4M | $41.8M | ||
| Q2 25 | $-26.9M | $46.2M | ||
| Q1 25 | $19.1M | $-36.5M | ||
| Q4 24 | $22.0M | $89.5M | ||
| Q3 24 | $50.2M | $20.4M | ||
| Q2 24 | $-1.8M | $55.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 15.5% | ||
| Q3 25 | 14.6% | 9.0% | ||
| Q2 25 | -7.8% | 9.7% | ||
| Q1 25 | 5.5% | -7.5% | ||
| Q4 24 | 6.4% | 18.0% | ||
| Q3 24 | 14.7% | 3.9% | ||
| Q2 24 | -0.5% | 10.8% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 2.1% | 1.2% | ||
| Q1 25 | 3.2% | 0.7% | ||
| Q4 24 | 2.6% | 1.2% | ||
| Q3 24 | 2.5% | 1.0% | ||
| Q2 24 | 2.2% | 1.0% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 4.37× | ||
| Q3 25 | 2.41× | 1.99× | ||
| Q2 25 | — | 2.20× | ||
| Q1 25 | 12.08× | -1.23× | ||
| Q4 24 | 1.48× | 3.88× | ||
| Q3 24 | 1.92× | 0.78× | ||
| Q2 24 | 0.18× | 2.37× |
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% |
ICFI
| US Federal Government | $166.7M | 38% |
| Commercial | $164.4M | 37% |
| US State And Local Government | $78.7M | 18% |
| International Government | $33.8M | 8% |
