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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $351.4M, roughly 1.1× APOGEE ENTERPRISES, INC.). IDEX Corporation runs the higher net margin — 30.1% vs 4.7%, a 25.4% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -29.4%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
APOG vs IEX — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $398.4M |
| Net Profit | $16.6M | $120.0M |
| Gross Margin | 22.4% | 99.9% |
| Operating Margin | 7.3% | 43.3% |
| Net Margin | 4.7% | 30.1% |
| Revenue YoY | 1.6% | 16.7% |
| Net Profit YoY | 568.8% | 25.7% |
| EPS (diluted) | $0.78 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $351.4M | $407.7M | ||
| Q4 25 | $348.6M | $899.1M | ||
| Q3 25 | $358.2M | $878.7M | ||
| Q2 25 | $346.6M | $865.4M | ||
| Q1 25 | $345.7M | $814.3M | ||
| Q4 24 | $341.3M | $862.9M | ||
| Q3 24 | $342.4M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $16.6M | $128.3M | ||
| Q4 25 | $16.5M | $128.3M | ||
| Q3 25 | $23.6M | $127.8M | ||
| Q2 25 | $-2.7M | $131.6M | ||
| Q1 25 | $2.5M | $95.5M | ||
| Q4 24 | $21.0M | $123.2M | ||
| Q3 24 | $30.6M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | 22.4% | 94.9% | ||
| Q4 25 | 23.8% | 43.1% | ||
| Q3 25 | 23.1% | 44.5% | ||
| Q2 25 | 21.7% | 45.3% | ||
| Q1 25 | 21.6% | 45.3% | ||
| Q4 24 | 26.1% | 42.5% | ||
| Q3 24 | 28.4% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 7.3% | 45.0% | ||
| Q4 25 | 7.1% | 20.4% | ||
| Q3 25 | 7.5% | 21.1% | ||
| Q2 25 | 2.0% | 21.7% | ||
| Q1 25 | 1.8% | 17.4% | ||
| Q4 24 | 8.4% | 19.2% | ||
| Q3 24 | 12.3% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 4.7% | 31.5% | ||
| Q4 25 | 4.7% | 14.3% | ||
| Q3 25 | 6.6% | 14.5% | ||
| Q2 25 | -0.8% | 15.2% | ||
| Q1 25 | 0.7% | 11.7% | ||
| Q4 24 | 6.1% | 14.3% | ||
| Q3 24 | 8.9% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $0.78 | $1.71 | ||
| Q4 25 | $0.77 | $1.71 | ||
| Q3 25 | $1.10 | $1.70 | ||
| Q2 25 | $-0.13 | $1.74 | ||
| Q1 25 | $0.12 | $1.26 | ||
| Q4 24 | $0.96 | $1.61 | ||
| Q3 24 | $1.40 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $4.0B |
| Total Assets | $1.1B | $6.9B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $39.5M | $580.0M | ||
| Q4 25 | $41.3M | $580.0M | ||
| Q3 25 | $39.5M | $593.8M | ||
| Q2 25 | $32.8M | $568.2M | ||
| Q1 25 | $41.4M | $594.1M | ||
| Q4 24 | $43.9M | $620.8M | ||
| Q3 24 | $51.0M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $285.0M | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $511.8M | $4.0B | ||
| Q4 25 | $512.3M | $4.0B | ||
| Q3 25 | $500.2M | $4.0B | ||
| Q2 25 | $481.8M | $4.0B | ||
| Q1 25 | $487.9M | $3.9B | ||
| Q4 24 | $522.1M | $3.8B | ||
| Q3 24 | $506.4M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $1.1B | $6.9B | ||
| Q4 25 | $1.1B | $6.9B | ||
| Q3 25 | $1.2B | $7.0B | ||
| Q2 25 | $1.2B | $6.9B | ||
| Q1 25 | $1.2B | $6.8B | ||
| Q4 24 | $1.2B | $6.7B | ||
| Q3 24 | $917.1M | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | 0.58× | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — | $86.0M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | 7.8% | 4.4% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $209.5M | ||
| Q3 25 | $57.1M | $203.5M | ||
| Q2 25 | $-19.8M | $161.7M | ||
| Q1 25 | $30.0M | $105.7M | ||
| Q4 24 | $31.0M | $172.6M | ||
| Q3 24 | $58.7M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $22.9M | $189.8M | ||
| Q3 25 | $52.4M | $188.7M | ||
| Q2 25 | $-26.9M | $146.9M | ||
| Q1 25 | $19.1M | $91.4M | ||
| Q4 24 | $22.0M | $157.1M | ||
| Q3 24 | $50.2M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 6.6% | 21.1% | ||
| Q3 25 | 14.6% | 21.5% | ||
| Q2 25 | -7.8% | 17.0% | ||
| Q1 25 | 5.5% | 11.2% | ||
| Q4 24 | 6.4% | 18.2% | ||
| Q3 24 | 14.7% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | 7.8% | 15.6% | ||
| Q4 25 | 1.9% | 2.2% | ||
| Q3 25 | 1.3% | 1.7% | ||
| Q2 25 | 2.1% | 1.7% | ||
| Q1 25 | 3.2% | 1.8% | ||
| Q4 24 | 2.6% | 1.8% | ||
| Q3 24 | 2.5% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 1.63× | ||
| Q3 25 | 2.41× | 1.59× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | 12.08× | 1.11× | ||
| Q4 24 | 1.48× | 1.40× | ||
| Q3 24 | 1.92× | 1.72× |
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% |
IEX
Segment breakdown not available.
