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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($348.6M vs $219.2M, roughly 1.6× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.7%, a 1.5% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (2.1% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $22.9M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
APOG vs PWP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $219.2M |
| Net Profit | $16.5M | $13.8M |
| Gross Margin | 23.8% | — |
| Operating Margin | 7.1% | 8.5% |
| Net Margin | 4.7% | 6.3% |
| Revenue YoY | 2.1% | -2.9% |
| Net Profit YoY | -21.2% | — |
| EPS (diluted) | $0.77 | $0.11 |
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.
| Q4 25 | $348.6M | $219.2M | ||
| Q3 25 | $358.2M | $164.6M | ||
| Q2 25 | $346.6M | $155.3M | ||
| Q1 25 | $345.7M | $211.8M | ||
| Q4 24 | $341.3M | $225.7M | ||
| Q3 24 | $342.4M | $278.2M | ||
| Q2 24 | $331.5M | $272.0M | ||
| Q1 24 | $361.8M | $102.1M |
| Q4 25 | $16.5M | $13.8M | ||
| Q3 25 | $23.6M | $6.0M | ||
| Q2 25 | $-2.7M | $2.7M | ||
| Q1 25 | $2.5M | $17.3M | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | $16.4M | ||
| Q2 24 | $31.0M | $-66.0M | ||
| Q1 24 | $15.7M | $-35.8M |
| 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 24 | 24.4% | — |
| Q4 25 | 7.1% | 8.5% | ||
| Q3 25 | 7.5% | 5.4% | ||
| Q2 25 | 2.0% | 5.8% | ||
| Q1 25 | 1.8% | 5.5% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | 12.9% | ||
| Q2 24 | 12.5% | -30.2% | ||
| Q1 24 | 6.0% | -52.4% |
| Q4 25 | 4.7% | 6.3% | ||
| Q3 25 | 6.6% | 3.6% | ||
| Q2 25 | -0.8% | 1.8% | ||
| Q1 25 | 0.7% | 8.2% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | 5.9% | ||
| Q2 24 | 9.4% | -24.3% | ||
| Q1 24 | 4.3% | -35.1% |
| Q4 25 | $0.77 | $0.11 | ||
| Q3 25 | $1.10 | $0.08 | ||
| Q2 25 | $-0.13 | $0.04 | ||
| Q1 25 | $0.12 | $0.24 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | $0.24 | ||
| Q2 24 | $1.41 | $-1.21 | ||
| Q1 24 | $0.71 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $-127.4M |
| Total Assets | $1.1B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $255.9M | ||
| Q3 25 | $39.5M | $185.5M | ||
| Q2 25 | $32.8M | $145.0M | ||
| Q1 25 | $41.4M | $111.2M | ||
| Q4 24 | $43.9M | $407.4M | ||
| Q3 24 | $51.0M | $335.1M | ||
| Q2 24 | $30.4M | $185.3M | ||
| Q1 24 | $37.2M | $156.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $-127.4M | ||
| Q3 25 | $500.2M | $-302.4M | ||
| Q2 25 | $481.8M | $-318.4M | ||
| Q1 25 | $487.9M | $-323.1M | ||
| Q4 24 | $522.1M | $-421.4M | ||
| Q3 24 | $506.4M | $-360.8M | ||
| Q2 24 | $480.0M | $-283.0M | ||
| Q1 24 | $471.0M | $161.9M |
| Q4 25 | $1.1B | $797.6M | ||
| Q3 25 | $1.2B | $650.2M | ||
| Q2 25 | $1.2B | $606.7M | ||
| Q1 25 | $1.2B | $570.5M | ||
| Q4 24 | $1.2B | $876.8M | ||
| Q3 24 | $917.1M | $810.9M | ||
| Q2 24 | $889.0M | $645.5M | ||
| Q1 24 | $884.1M | $583.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $34.8M |
| Free Cash FlowOCF − Capex | $22.9M | $30.5M |
| FCF MarginFCF / Revenue | 6.6% | 13.9% |
| Capex IntensityCapex / Revenue | 1.9% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.77× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $34.8M | ||
| Q3 25 | $57.1M | $59.2M | ||
| Q2 25 | $-19.8M | $56.1M | ||
| Q1 25 | $30.0M | $-176.5M | ||
| Q4 24 | $31.0M | $223.4M | ||
| Q3 24 | $58.7M | $200.3M | ||
| Q2 24 | $5.5M | $90.0M | ||
| Q1 24 | $74.9M | $-206.3M |
| Q4 25 | $22.9M | $30.5M | ||
| Q3 25 | $52.4M | $57.6M | ||
| Q2 25 | $-26.9M | $55.3M | ||
| Q1 25 | $19.1M | $-177.6M | ||
| Q4 24 | $22.0M | $207.0M | ||
| Q3 24 | $50.2M | $199.3M | ||
| Q2 24 | $-1.8M | $83.7M | ||
| Q1 24 | $58.7M | $-214.8M |
| Q4 25 | 6.6% | 13.9% | ||
| Q3 25 | 14.6% | 35.0% | ||
| Q2 25 | -7.8% | 35.6% | ||
| Q1 25 | 5.5% | -83.8% | ||
| Q4 24 | 6.4% | 91.7% | ||
| Q3 24 | 14.7% | 71.6% | ||
| Q2 24 | -0.5% | 30.8% | ||
| Q1 24 | 16.2% | -210.3% |
| Q4 25 | 1.9% | 2.0% | ||
| Q3 25 | 1.3% | 0.9% | ||
| Q2 25 | 2.1% | 0.5% | ||
| Q1 25 | 3.2% | 0.5% | ||
| Q4 24 | 2.6% | 7.3% | ||
| Q3 24 | 2.5% | 0.4% | ||
| Q2 24 | 2.2% | 2.3% | ||
| Q1 24 | 4.5% | 8.3% |
| Q4 25 | 1.77× | 2.52× | ||
| Q3 25 | 2.41× | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | 12.08× | -10.18× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 12.23× | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 4.76× | — |
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% |
PWP
Segment breakdown not available.
