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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $189.5M, roughly 1.9× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 4.7%, a 59.8% gap on every dollar of revenue.
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
APOG vs MRP — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $189.5M |
| Net Profit | $16.6M | $122.2M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 84.8% |
| Net Margin | 4.7% | 64.5% |
| Revenue YoY | 1.6% | — |
| Net Profit YoY | 568.8% | 285.8% |
| EPS (diluted) | $0.78 | $0.74 |
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 | $189.5M | ||
| Q3 25 | $358.2M | $179.3M | ||
| Q2 25 | $346.6M | $149.0M | ||
| Q1 25 | $345.7M | $82.7M | ||
| Q4 24 | $341.3M | — | ||
| Q3 24 | $342.4M | — | ||
| Q2 24 | $331.5M | — |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $122.2M | ||
| Q3 25 | $23.6M | $105.1M | ||
| Q2 25 | $-2.7M | $112.8M | ||
| Q1 25 | $2.5M | $39.8M | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | — | ||
| Q2 24 | $31.0M | — |
| 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% | — | ||
| Q4 25 | 7.1% | 84.8% | ||
| Q3 25 | 7.5% | 85.3% | ||
| Q2 25 | 2.0% | 85.1% | ||
| Q1 25 | 1.8% | 55.2% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.5% | — |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 64.5% | ||
| Q3 25 | 6.6% | 58.6% | ||
| Q2 25 | -0.8% | 75.7% | ||
| Q1 25 | 0.7% | 48.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 9.4% | — |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.74 | ||
| Q3 25 | $1.10 | $0.63 | ||
| Q2 25 | $-0.13 | $0.68 | ||
| Q1 25 | $0.12 | $0.39 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | — | ||
| Q2 24 | $1.41 | — |
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 | $35.0M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $5.9B |
| Total Assets | $1.1B | $9.3B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $35.0M | ||
| Q3 25 | $39.5M | $242.6M | ||
| Q2 25 | $32.8M | $66.6M | ||
| Q1 25 | $41.4M | $89.5M | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $5.9B | ||
| Q3 25 | $500.2M | $5.9B | ||
| Q2 25 | $481.8M | $5.9B | ||
| Q1 25 | $487.9M | $5.9B | ||
| Q4 24 | $522.1M | — | ||
| Q3 24 | $506.4M | — | ||
| Q2 24 | $480.0M | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $9.3B | ||
| Q3 25 | $1.2B | $9.0B | ||
| Q2 25 | $1.2B | $8.0B | ||
| Q1 25 | $1.2B | $7.2B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $917.1M | — | ||
| Q2 24 | $889.0M | — |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $3.7B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | 30.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $3.7B | ||
| Q3 25 | $57.1M | $123.1M | ||
| Q2 25 | $-19.8M | $109.1M | ||
| Q1 25 | $30.0M | $21.3M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $58.7M | — | ||
| Q2 24 | $5.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 30.05× | ||
| Q3 25 | 2.41× | 1.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 12.08× | 0.53× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
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% |
MRP
Segment breakdown not available.
