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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $178.5M, roughly 2.0× OIL STATES INTERNATIONAL, INC). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -65.7%, a 70.4% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs 1.6%). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
APOG vs OIS — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $178.5M |
| Net Profit | $16.6M | $-117.2M |
| Gross Margin | 22.4% | 10.9% |
| Operating Margin | 7.3% | -63.7% |
| Net Margin | 4.7% | -65.7% |
| Revenue YoY | 1.6% | 8.4% |
| Net Profit YoY | 568.8% | -873.2% |
| EPS (diluted) | $0.78 | $-1.99 |
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 | $178.5M | ||
| Q3 25 | $358.2M | $165.2M | ||
| Q2 25 | $346.6M | $165.4M | ||
| Q1 25 | $345.7M | $159.9M | ||
| Q4 24 | $341.3M | $164.6M | ||
| Q3 24 | $342.4M | $174.3M | ||
| Q2 24 | $331.5M | $186.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-117.2M | ||
| Q3 25 | $23.6M | $1.9M | ||
| Q2 25 | $-2.7M | $2.8M | ||
| Q1 25 | $2.5M | $3.2M | ||
| Q4 24 | $21.0M | $15.2M | ||
| Q3 24 | $30.6M | $-14.3M | ||
| Q2 24 | $31.0M | $1.3M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 10.9% | ||
| Q3 25 | 23.1% | 22.1% | ||
| Q2 25 | 21.7% | 24.2% | ||
| Q1 25 | 21.6% | 23.3% | ||
| Q4 24 | 26.1% | 23.7% | ||
| Q3 24 | 28.4% | 21.7% | ||
| Q2 24 | 29.8% | 23.8% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -63.7% | ||
| Q3 25 | 7.5% | 2.9% | ||
| Q2 25 | 2.0% | 3.2% | ||
| Q1 25 | 1.8% | 3.5% | ||
| Q4 24 | 8.4% | 11.2% | ||
| Q3 24 | 12.3% | -6.3% | ||
| Q2 24 | 12.5% | 1.1% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -65.7% | ||
| Q3 25 | 6.6% | 1.2% | ||
| Q2 25 | -0.8% | 1.7% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 6.1% | 9.2% | ||
| Q3 24 | 8.9% | -8.2% | ||
| Q2 24 | 9.4% | 0.7% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-1.99 | ||
| Q3 25 | $1.10 | $0.03 | ||
| Q2 25 | $-0.13 | $0.05 | ||
| Q1 25 | $0.12 | $0.05 | ||
| Q4 24 | $0.96 | $0.24 | ||
| Q3 24 | $1.40 | $-0.23 | ||
| Q2 24 | $1.41 | $0.02 |
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 | $69.9M |
| Total DebtLower is stronger | $232.3M | $1.7M |
| Stockholders' EquityBook value | $511.8M | $573.2M |
| Total Assets | $1.1B | $883.4M |
| Debt / EquityLower = less leverage | 0.45× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $69.9M | ||
| Q3 25 | $39.5M | $67.1M | ||
| Q2 25 | $32.8M | $53.9M | ||
| Q1 25 | $41.4M | $66.8M | ||
| Q4 24 | $43.9M | $65.4M | ||
| Q3 24 | $51.0M | $46.0M | ||
| Q2 24 | $30.4M | $25.2M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | $285.0M | $124.7M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | — | $124.3M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $573.2M | ||
| Q3 25 | $500.2M | $689.0M | ||
| Q2 25 | $481.8M | $690.6M | ||
| Q1 25 | $487.9M | $683.4M | ||
| Q4 24 | $522.1M | $680.7M | ||
| Q3 24 | $506.4M | $684.8M | ||
| Q2 24 | $480.0M | $690.4M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $883.4M | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.2B | $993.7M | ||
| Q1 25 | $1.2B | $990.7M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $917.1M | $994.1M | ||
| Q2 24 | $889.0M | $1.0B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 0.58× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.18× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 26.4% |
| Capex IntensityCapex / Revenue | 7.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $50.1M | ||
| Q3 25 | $57.1M | $30.7M | ||
| Q2 25 | $-19.8M | $15.0M | ||
| Q1 25 | $30.0M | $9.3M | ||
| Q4 24 | $31.0M | $18.2M | ||
| Q3 24 | $58.7M | $28.8M | ||
| Q2 24 | $5.5M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $47.1M | ||
| Q3 25 | $52.4M | $22.0M | ||
| Q2 25 | $-26.9M | $4.7M | ||
| Q1 25 | $19.1M | $137.0K | ||
| Q4 24 | $22.0M | $4.0M | ||
| Q3 24 | $50.2M | $21.4M | ||
| Q2 24 | $-1.8M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 26.4% | ||
| Q3 25 | 14.6% | 13.3% | ||
| Q2 25 | -7.8% | 2.8% | ||
| Q1 25 | 5.5% | 0.1% | ||
| Q4 24 | 6.4% | 2.4% | ||
| Q3 24 | 14.7% | 12.3% | ||
| Q2 24 | -0.5% | 2.4% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 1.7% | ||
| Q3 25 | 1.3% | 5.3% | ||
| Q2 25 | 2.1% | 6.2% | ||
| Q1 25 | 3.2% | 5.7% | ||
| Q4 24 | 2.6% | 8.6% | ||
| Q3 24 | 2.5% | 4.3% | ||
| Q2 24 | 2.2% | 3.1% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 16.15× | ||
| Q2 25 | — | 5.33× | ||
| Q1 25 | 12.08× | 2.94× | ||
| Q4 24 | 1.48× | 1.20× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | 7.87× |
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% |
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
