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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $351.4M, roughly 1.3× APOGEE ENTERPRISES, INC.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 4.7%, a 23.1% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 1.6%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs 0.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
APOG vs NJR — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $440.9M |
| Net Profit | $16.6M | $122.5M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 40.6% |
| Net Margin | 4.7% | 27.8% |
| Revenue YoY | 1.6% | 22.8% |
| Net Profit YoY | 568.8% | -6.7% |
| EPS (diluted) | $0.78 | $1.21 |
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 | $440.9M | ||
| Q3 25 | $358.2M | $188.3M | ||
| Q2 25 | $346.6M | $234.8M | ||
| Q1 25 | $345.7M | $569.2M | ||
| Q4 24 | $341.3M | $359.0M | ||
| Q3 24 | $342.4M | $265.7M | ||
| Q2 24 | $331.5M | $209.9M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $122.5M | ||
| Q3 25 | $23.6M | $15.1M | ||
| Q2 25 | $-2.7M | $-15.1M | ||
| Q1 25 | $2.5M | $204.3M | ||
| Q4 24 | $21.0M | $131.3M | ||
| Q3 24 | $30.6M | $91.1M | ||
| Q2 24 | $31.0M | $-11.6M |
| 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% | 40.6% | ||
| Q3 25 | 7.5% | 21.5% | ||
| Q2 25 | 2.0% | -0.5% | ||
| Q1 25 | 1.8% | 49.2% | ||
| Q4 24 | 8.4% | 52.8% | ||
| Q3 24 | 12.3% | 55.0% | ||
| Q2 24 | 12.5% | 2.8% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 27.8% | ||
| Q3 25 | 6.6% | 8.0% | ||
| Q2 25 | -0.8% | -6.4% | ||
| Q1 25 | 0.7% | 35.9% | ||
| Q4 24 | 6.1% | 36.6% | ||
| Q3 24 | 8.9% | 34.3% | ||
| Q2 24 | 9.4% | -5.5% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $1.21 | ||
| Q3 25 | $1.10 | $0.15 | ||
| Q2 25 | $-0.13 | $-0.15 | ||
| Q1 25 | $0.12 | $2.02 | ||
| Q4 24 | $0.96 | $1.31 | ||
| Q3 24 | $1.40 | $0.91 | ||
| Q2 24 | $1.41 | $-0.12 |
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 | $2.4M |
| Total DebtLower is stronger | $232.3M | $3.3B |
| Stockholders' EquityBook value | $511.8M | $2.5B |
| Total Assets | $1.1B | $7.9B |
| Debt / EquityLower = less leverage | 0.45× | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $2.4M | ||
| Q3 25 | $39.5M | $591.0K | ||
| Q2 25 | $32.8M | $931.0K | ||
| Q1 25 | $41.4M | $83.7M | ||
| Q4 24 | $43.9M | $1.9M | ||
| Q3 24 | $51.0M | $1.0M | ||
| Q2 24 | $30.4M | $22.4M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | $285.0M | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $2.5B | ||
| Q3 25 | $500.2M | $2.4B | ||
| Q2 25 | $481.8M | $2.4B | ||
| Q1 25 | $487.9M | $2.5B | ||
| Q4 24 | $522.1M | $2.3B | ||
| Q3 24 | $506.4M | $2.2B | ||
| Q2 24 | $480.0M | $2.1B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $7.9B | ||
| Q3 25 | $1.2B | $7.6B | ||
| Q2 25 | $1.2B | $7.3B | ||
| Q1 25 | $1.2B | $7.3B | ||
| Q4 24 | $1.2B | $7.2B | ||
| Q3 24 | $917.1M | $7.0B | ||
| Q2 24 | $889.0M | $6.8B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | 0.58× | 1.20× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $26.7M | ||
| Q3 25 | $57.1M | $81.2M | ||
| Q2 25 | $-19.8M | $-28.9M | ||
| Q1 25 | $30.0M | $423.0M | ||
| Q4 24 | $31.0M | $-9.0M | ||
| Q3 24 | $58.7M | $64.5M | ||
| Q2 24 | $5.5M | $24.3M |
| 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× | 0.22× | ||
| Q3 25 | 2.41× | 5.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | 2.07× | ||
| Q4 24 | 1.48× | -0.07× | ||
| Q3 24 | 1.92× | 0.71× | ||
| 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% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
