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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $330.5M, roughly 1.1× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 4.7%, a 1.5% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 1.6%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
APOG vs PAY — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $330.5M |
| Net Profit | $16.6M | $20.7M |
| Gross Margin | 22.4% | 25.4% |
| Operating Margin | 7.3% | 7.3% |
| Net Margin | 4.7% | 6.3% |
| Revenue YoY | 1.6% | 28.1% |
| Net Profit YoY | 568.8% | 57.2% |
| EPS (diluted) | $0.78 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $358.2M | $310.7M | ||
| Q2 25 | $346.6M | $280.1M | ||
| Q1 25 | $345.7M | $275.2M | ||
| Q4 24 | $341.3M | $257.9M | ||
| Q3 24 | $342.4M | $231.6M | ||
| Q2 24 | $331.5M | $197.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $20.7M | ||
| Q3 25 | $23.6M | $17.7M | ||
| Q2 25 | $-2.7M | $14.7M | ||
| Q1 25 | $2.5M | $13.8M | ||
| Q4 24 | $21.0M | $13.1M | ||
| Q3 24 | $30.6M | $14.4M | ||
| Q2 24 | $31.0M | $9.4M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 25.4% | ||
| Q3 25 | 23.1% | 24.1% | ||
| Q2 25 | 21.7% | 25.5% | ||
| Q1 25 | 21.6% | 24.0% | ||
| Q4 24 | 26.1% | 25.6% | ||
| Q3 24 | 28.4% | 26.2% | ||
| Q2 24 | 29.8% | 29.8% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 7.3% | ||
| Q3 25 | 7.5% | 6.4% | ||
| Q2 25 | 2.0% | 5.7% | ||
| Q1 25 | 1.8% | 5.7% | ||
| Q4 24 | 8.4% | 5.5% | ||
| Q3 24 | 12.3% | 5.2% | ||
| Q2 24 | 12.5% | 5.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 6.3% | ||
| Q3 25 | 6.6% | 5.7% | ||
| Q2 25 | -0.8% | 5.3% | ||
| Q1 25 | 0.7% | 5.0% | ||
| Q4 24 | 6.1% | 5.1% | ||
| Q3 24 | 8.9% | 6.2% | ||
| Q2 24 | 9.4% | 4.7% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.16 | ||
| Q3 25 | $1.10 | $0.14 | ||
| Q2 25 | $-0.13 | $0.11 | ||
| Q1 25 | $0.12 | $0.11 | ||
| Q4 24 | $0.96 | $0.11 | ||
| Q3 24 | $1.40 | $0.11 | ||
| Q2 24 | $1.41 | $0.07 |
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 | $320.9M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $560.4M |
| Total Assets | $1.1B | $667.9M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $320.9M | ||
| Q3 25 | $39.5M | $287.9M | ||
| Q2 25 | $32.8M | $266.4M | ||
| Q1 25 | $41.4M | $245.8M | ||
| Q4 24 | $43.9M | $205.9M | ||
| Q3 24 | $51.0M | $187.5M | ||
| Q2 24 | $30.4M | $188.8M |
| 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 | $560.4M | ||
| Q3 25 | $500.2M | $537.4M | ||
| Q2 25 | $481.8M | $516.7M | ||
| Q1 25 | $487.9M | $500.4M | ||
| Q4 24 | $522.1M | $485.6M | ||
| Q3 24 | $506.4M | $468.8M | ||
| Q2 24 | $480.0M | $451.6M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $667.9M | ||
| Q3 25 | $1.2B | $644.4M | ||
| Q2 25 | $1.2B | $609.5M | ||
| Q1 25 | $1.2B | $590.9M | ||
| Q4 24 | $1.2B | $576.2M | ||
| Q3 24 | $917.1M | $552.9M | ||
| Q2 24 | $889.0M | $527.7M |
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | 7.8% | 0.0% |
| Cash ConversionOCF / Net Profit | 7.37× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $45.1M | ||
| Q3 25 | $57.1M | $35.1M | ||
| Q2 25 | $-19.8M | $31.5M | ||
| Q1 25 | $30.0M | $50.4M | ||
| Q4 24 | $31.0M | $27.9M | ||
| Q3 24 | $58.7M | $6.7M | ||
| Q2 24 | $5.5M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $45.0M | ||
| Q3 25 | $52.4M | $35.0M | ||
| Q2 25 | $-26.9M | $31.4M | ||
| Q1 25 | $19.1M | $50.4M | ||
| Q4 24 | $22.0M | $27.8M | ||
| Q3 24 | $50.2M | $6.7M | ||
| Q2 24 | $-1.8M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 13.6% | ||
| Q3 25 | 14.6% | 11.3% | ||
| Q2 25 | -7.8% | 11.2% | ||
| Q1 25 | 5.5% | 18.3% | ||
| Q4 24 | 6.4% | 10.8% | ||
| Q3 24 | 14.7% | 2.9% | ||
| Q2 24 | -0.5% | 9.0% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.0% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 2.1% | 0.0% | ||
| Q1 25 | 3.2% | 0.0% | ||
| Q4 24 | 2.6% | 0.0% | ||
| Q3 24 | 2.5% | 0.0% | ||
| Q2 24 | 2.2% | 0.1% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.18× | ||
| Q3 25 | 2.41× | 1.98× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | 12.08× | 3.65× | ||
| Q4 24 | 1.48× | 2.12× | ||
| Q3 24 | 1.92× | 0.47× | ||
| Q2 24 | 0.18× | 1.93× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
