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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $348.6M, roughly 1.2× APOGEE ENTERPRISES, INC.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 4.7%, a 2.9% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (2.1% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $22.9M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs -1.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
APOG vs PEGA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $430.0M |
| Net Profit | $16.5M | $32.8M |
| Gross Margin | 23.8% | 75.2% |
| Operating Margin | 7.1% | 8.6% |
| Net Margin | 4.7% | 7.6% |
| Revenue YoY | 2.1% | -9.6% |
| Net Profit YoY | -21.2% | -61.6% |
| EPS (diluted) | $0.77 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $348.6M | $504.3M | ||
| Q3 25 | $358.2M | $381.4M | ||
| Q2 25 | $346.6M | $384.5M | ||
| Q1 25 | $345.7M | $475.6M | ||
| Q4 24 | $341.3M | $490.8M | ||
| Q3 24 | $342.4M | $325.1M | ||
| Q2 24 | $331.5M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $16.5M | $234.6M | ||
| Q3 25 | $23.6M | $43.4M | ||
| Q2 25 | $-2.7M | $30.1M | ||
| Q1 25 | $2.5M | $85.4M | ||
| Q4 24 | $21.0M | $119.1M | ||
| Q3 24 | $30.6M | $-14.4M | ||
| Q2 24 | $31.0M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 23.8% | 79.5% | ||
| Q3 25 | 23.1% | 72.2% | ||
| Q2 25 | 21.7% | 71.5% | ||
| Q1 25 | 21.6% | 78.5% | ||
| Q4 24 | 26.1% | 79.1% | ||
| Q3 24 | 28.4% | 70.2% | ||
| Q2 24 | 29.8% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 7.1% | 20.7% | ||
| Q3 25 | 7.5% | 3.8% | ||
| Q2 25 | 2.0% | 4.5% | ||
| Q1 25 | 1.8% | 26.7% | ||
| Q4 24 | 8.4% | 29.1% | ||
| Q3 24 | 12.3% | -3.6% | ||
| Q2 24 | 12.5% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 4.7% | 46.5% | ||
| Q3 25 | 6.6% | 11.4% | ||
| Q2 25 | -0.8% | 7.8% | ||
| Q1 25 | 0.7% | 18.0% | ||
| Q4 24 | 6.1% | 24.3% | ||
| Q3 24 | 8.9% | -4.4% | ||
| Q2 24 | 9.4% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.77 | $0.81 | ||
| Q3 25 | $1.10 | $0.24 | ||
| Q2 25 | $-0.13 | $0.17 | ||
| Q1 25 | $0.12 | $0.91 | ||
| Q4 24 | $0.96 | $1.35 | ||
| Q3 24 | $1.40 | $-0.17 | ||
| 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 | $41.3M | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $705.9M |
| Total Assets | $1.1B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $41.3M | $425.8M | ||
| Q3 25 | $39.5M | $351.4M | ||
| Q2 25 | $32.8M | $411.6M | ||
| Q1 25 | $41.4M | $371.7M | ||
| Q4 24 | $43.9M | $740.0M | ||
| Q3 24 | $51.0M | $703.0M | ||
| Q2 24 | $30.4M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $512.3M | $787.4M | ||
| Q3 25 | $500.2M | $596.8M | ||
| Q2 25 | $481.8M | $624.5M | ||
| Q1 25 | $487.9M | $611.3M | ||
| Q4 24 | $522.1M | $585.5M | ||
| Q3 24 | $506.4M | $473.0M | ||
| Q2 24 | $480.0M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $917.1M | $1.6B | ||
| Q2 24 | $889.0M | $1.5B |
| Q1 26 | — | — | ||
| 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 | $29.3M | — |
| Free Cash FlowOCF − Capex | $22.9M | $206.5M |
| FCF MarginFCF / Revenue | 6.6% | 48.0% |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $29.3M | $158.4M | ||
| Q3 25 | $57.1M | $56.3M | ||
| Q2 25 | $-19.8M | $86.3M | ||
| Q1 25 | $30.0M | $204.2M | ||
| Q4 24 | $31.0M | $95.2M | ||
| Q3 24 | $58.7M | $30.5M | ||
| Q2 24 | $5.5M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $22.9M | $152.4M | ||
| Q3 25 | $52.4M | $51.8M | ||
| Q2 25 | $-26.9M | $84.1M | ||
| Q1 25 | $19.1M | $202.3M | ||
| Q4 24 | $22.0M | $92.4M | ||
| Q3 24 | $50.2M | $27.4M | ||
| Q2 24 | $-1.8M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 6.6% | 30.2% | ||
| Q3 25 | 14.6% | 13.6% | ||
| Q2 25 | -7.8% | 21.9% | ||
| Q1 25 | 5.5% | 42.5% | ||
| Q4 24 | 6.4% | 18.8% | ||
| Q3 24 | 14.7% | 8.4% | ||
| Q2 24 | -0.5% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 1.2% | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 2.1% | 0.6% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 2.6% | 0.6% | ||
| Q3 24 | 2.5% | 0.9% | ||
| Q2 24 | 2.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 0.68× | ||
| Q3 25 | 2.41× | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | 12.08× | 2.39× | ||
| Q4 24 | 1.48× | 0.80× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
