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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $351.4M, roughly 1.5× APOGEE ENTERPRISES, INC.). KENNAMETAL INC runs the higher net margin — 6.4% vs 4.7%, a 1.7% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs 1.3%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
APOG vs KMT — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $529.5M |
| Net Profit | $16.6M | $33.9M |
| Gross Margin | 22.4% | 32.8% |
| Operating Margin | 7.3% | 9.9% |
| Net Margin | 4.7% | 6.4% |
| Revenue YoY | 1.6% | 9.8% |
| Net Profit YoY | 568.8% | 89.0% |
| EPS (diluted) | $0.78 | $0.44 |
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 | $529.5M | ||
| Q3 25 | $358.2M | $498.0M | ||
| Q2 25 | $346.6M | $516.4M | ||
| Q1 25 | $345.7M | $486.4M | ||
| Q4 24 | $341.3M | $482.1M | ||
| Q3 24 | $342.4M | $481.9M | ||
| Q2 24 | $331.5M | $543.3M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $33.9M | ||
| Q3 25 | $23.6M | $23.3M | ||
| Q2 25 | $-2.7M | $21.6M | ||
| Q1 25 | $2.5M | $31.5M | ||
| Q4 24 | $21.0M | $17.9M | ||
| Q3 24 | $30.6M | $22.1M | ||
| Q2 24 | $31.0M | $37.2M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 32.8% | ||
| Q3 25 | 23.1% | 31.0% | ||
| Q2 25 | 21.7% | 28.2% | ||
| Q1 25 | 21.6% | 32.1% | ||
| Q4 24 | 26.1% | 30.1% | ||
| Q3 24 | 28.4% | 31.3% | ||
| Q2 24 | 29.8% | 31.5% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 9.9% | ||
| Q3 25 | 7.5% | 7.5% | ||
| Q2 25 | 2.0% | 6.1% | ||
| Q1 25 | 1.8% | 9.1% | ||
| Q4 24 | 8.4% | 6.6% | ||
| Q3 24 | 12.3% | 7.5% | ||
| Q2 24 | 12.5% | 11.3% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 6.4% | ||
| Q3 25 | 6.6% | 4.7% | ||
| Q2 25 | -0.8% | 4.2% | ||
| Q1 25 | 0.7% | 6.5% | ||
| Q4 24 | 6.1% | 3.7% | ||
| Q3 24 | 8.9% | 4.6% | ||
| Q2 24 | 9.4% | 6.8% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.44 | ||
| Q3 25 | $1.10 | $0.30 | ||
| Q2 25 | $-0.13 | $0.28 | ||
| Q1 25 | $0.12 | $0.41 | ||
| Q4 24 | $0.96 | $0.23 | ||
| Q3 24 | $1.40 | $0.28 | ||
| Q2 24 | $1.41 | $0.47 |
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 | $129.3M |
| Total DebtLower is stronger | $232.3M | $597.2M |
| Stockholders' EquityBook value | $511.8M | $1.3B |
| Total Assets | $1.1B | $2.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $129.3M | ||
| Q3 25 | $39.5M | $103.5M | ||
| Q2 25 | $32.8M | $140.5M | ||
| Q1 25 | $41.4M | $97.5M | ||
| Q4 24 | $43.9M | $121.2M | ||
| Q3 24 | $51.0M | $119.6M | ||
| Q2 24 | $30.4M | $128.0M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | $285.0M | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.3B | ||
| Q3 25 | $500.2M | $1.3B | ||
| Q2 25 | $481.8M | $1.3B | ||
| Q1 25 | $487.9M | $1.2B | ||
| Q4 24 | $522.1M | $1.2B | ||
| Q3 24 | $506.4M | $1.3B | ||
| Q2 24 | $480.0M | $1.2B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $917.1M | $2.5B | ||
| Q2 24 | $889.0M | $2.5B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | 0.58× | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× |
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 | $55.1M |
| Free Cash FlowOCF − Capex | — | $42.4M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | 7.8% | 2.4% |
| Cash ConversionOCF / Net Profit | 7.37× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $55.1M | ||
| Q3 25 | $57.1M | $17.5M | ||
| Q2 25 | $-19.8M | $78.6M | ||
| Q1 25 | $30.0M | $28.8M | ||
| Q4 24 | $31.0M | $55.2M | ||
| Q3 24 | $58.7M | $45.7M | ||
| Q2 24 | $5.5M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $42.4M | ||
| Q3 25 | $52.4M | $-5.5M | ||
| Q2 25 | $-26.9M | $57.1M | ||
| Q1 25 | $19.1M | $5.3M | ||
| Q4 24 | $22.0M | $35.9M | ||
| Q3 24 | $50.2M | $21.0M | ||
| Q2 24 | $-1.8M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 8.0% | ||
| Q3 25 | 14.6% | -1.1% | ||
| Q2 25 | -7.8% | 11.1% | ||
| Q1 25 | 5.5% | 1.1% | ||
| Q4 24 | 6.4% | 7.5% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | -0.5% | 16.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.4% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 2.1% | 4.2% | ||
| Q1 25 | 3.2% | 4.8% | ||
| Q4 24 | 2.6% | 4.0% | ||
| Q3 24 | 2.5% | 5.1% | ||
| Q2 24 | 2.2% | 4.3% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 1.63× | ||
| Q3 25 | 2.41× | 0.75× | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | 12.08× | 0.92× | ||
| Q4 24 | 1.48× | 3.08× | ||
| Q3 24 | 1.92× | 2.07× | ||
| Q2 24 | 0.18× | 3.06× |
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% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
