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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $260.4M, roughly 1.3× Smith Douglas Homes Corp.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 1.4%, a 3.4% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
APOG vs SDHC — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $260.4M |
| Net Profit | $16.6M | $3.5M |
| Gross Margin | 22.4% | 19.9% |
| Operating Margin | 7.3% | 6.5% |
| Net Margin | 4.7% | 1.4% |
| Revenue YoY | 1.6% | -9.4% |
| Net Profit YoY | 568.8% | -14.3% |
| EPS (diluted) | $0.78 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $358.2M | $262.0M | ||
| Q2 25 | $346.6M | $223.9M | ||
| Q1 25 | $345.7M | $224.7M | ||
| Q4 24 | $341.3M | $287.5M | ||
| Q3 24 | $342.4M | $277.8M | ||
| Q2 24 | $331.5M | $220.9M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $3.5M | ||
| Q3 25 | $23.6M | $2.1M | ||
| Q2 25 | $-2.7M | $2.4M | ||
| Q1 25 | $2.5M | $2.7M | ||
| Q4 24 | $21.0M | $4.1M | ||
| Q3 24 | $30.6M | $5.3M | ||
| Q2 24 | $31.0M | $3.6M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 19.9% | ||
| Q3 25 | 23.1% | 21.0% | ||
| Q2 25 | 21.7% | 23.2% | ||
| Q1 25 | 21.6% | 23.8% | ||
| Q4 24 | 26.1% | 25.5% | ||
| Q3 24 | 28.4% | 26.5% | ||
| Q2 24 | 29.8% | 26.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 6.5% | ||
| Q3 25 | 7.5% | 6.6% | ||
| Q2 25 | 2.0% | 7.7% | ||
| Q1 25 | 1.8% | 8.7% | ||
| Q4 24 | 8.4% | 10.4% | ||
| Q3 24 | 12.3% | 14.2% | ||
| Q2 24 | 12.5% | 11.7% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 1.4% | ||
| Q3 25 | 6.6% | 0.8% | ||
| Q2 25 | -0.8% | 1.1% | ||
| Q1 25 | 0.7% | 1.2% | ||
| Q4 24 | 6.1% | 1.4% | ||
| Q3 24 | 8.9% | 1.9% | ||
| Q2 24 | 9.4% | 1.7% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.39 | ||
| Q3 25 | $1.10 | $0.24 | ||
| Q2 25 | $-0.13 | $0.26 | ||
| Q1 25 | $0.12 | $0.30 | ||
| Q4 24 | $0.96 | $0.50 | ||
| Q3 24 | $1.40 | $0.58 | ||
| Q2 24 | $1.41 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $86.7M |
| Total Assets | $1.1B | $557.6M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $12.7M | ||
| Q3 25 | $39.5M | $14.8M | ||
| Q2 25 | $32.8M | $16.8M | ||
| Q1 25 | $41.4M | $12.7M | ||
| Q4 24 | $43.9M | $22.4M | ||
| Q3 24 | $51.0M | $23.7M | ||
| Q2 24 | $30.4M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $500.2M | $82.2M | ||
| Q2 25 | $481.8M | $80.0M | ||
| Q1 25 | $487.9M | $76.9M | ||
| Q4 24 | $522.1M | $73.6M | ||
| Q3 24 | $506.4M | $68.4M | ||
| Q2 24 | $480.0M | $62.1M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $557.6M | ||
| Q3 25 | $1.2B | $571.6M | ||
| Q2 25 | $1.2B | $570.2M | ||
| Q1 25 | $1.2B | $513.9M | ||
| Q4 24 | $1.2B | $475.9M | ||
| Q3 24 | $917.1M | $460.1M | ||
| Q2 24 | $889.0M | $429.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | 7.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 7.37× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $9.8M | ||
| Q3 25 | $57.1M | $22.8M | ||
| Q2 25 | $-19.8M | $-28.9M | ||
| Q1 25 | $30.0M | $-34.9M | ||
| Q4 24 | $31.0M | $5.5M | ||
| Q3 24 | $58.7M | $22.9M | ||
| Q2 24 | $5.5M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $8.7M | ||
| Q3 25 | $52.4M | $21.4M | ||
| Q2 25 | $-26.9M | $-31.1M | ||
| Q1 25 | $19.1M | $-35.9M | ||
| Q4 24 | $22.0M | $4.8M | ||
| Q3 24 | $50.2M | $22.3M | ||
| Q2 24 | $-1.8M | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.4% | ||
| Q3 25 | 14.6% | 8.2% | ||
| Q2 25 | -7.8% | -13.9% | ||
| Q1 25 | 5.5% | -16.0% | ||
| Q4 24 | 6.4% | 1.7% | ||
| Q3 24 | 14.7% | 8.0% | ||
| Q2 24 | -0.5% | -1.0% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.3% | 0.5% | ||
| Q2 25 | 2.1% | 0.9% | ||
| Q1 25 | 3.2% | 0.5% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 2.2% | 1.0% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.77× | ||
| Q3 25 | 2.41× | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | 12.08× | -13.01× | ||
| Q4 24 | 1.48× | 1.33× | ||
| Q3 24 | 1.92× | 4.28× | ||
| Q2 24 | 0.18× | 0.01× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
