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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $335.4M, roughly 1.0× SOLAREDGE TECHNOLOGIES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -39.4%, a 44.1% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 1.6%). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% 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.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
APOG vs SEDG — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $335.4M |
| Net Profit | $16.6M | $-132.1M |
| Gross Margin | 22.4% | 22.2% |
| Operating Margin | 7.3% | -14.4% |
| Net Margin | 4.7% | -39.4% |
| Revenue YoY | 1.6% | 70.9% |
| Net Profit YoY | 568.8% | 54.0% |
| EPS (diluted) | $0.78 | $-2.21 |
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 | $335.4M | ||
| Q3 25 | $358.2M | $340.2M | ||
| Q2 25 | $346.6M | $289.4M | ||
| Q1 25 | $345.7M | $219.5M | ||
| Q4 24 | $341.3M | $196.2M | ||
| Q3 24 | $342.4M | $235.4M | ||
| Q2 24 | $331.5M | $265.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-132.1M | ||
| Q3 25 | $23.6M | $-50.1M | ||
| Q2 25 | $-2.7M | $-124.7M | ||
| Q1 25 | $2.5M | $-98.5M | ||
| Q4 24 | $21.0M | $-287.4M | ||
| Q3 24 | $30.6M | $-1.2B | ||
| Q2 24 | $31.0M | $-130.8M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 22.2% | ||
| Q3 25 | 23.1% | 21.2% | ||
| Q2 25 | 21.7% | 11.1% | ||
| Q1 25 | 21.6% | 8.0% | ||
| Q4 24 | 26.1% | -57.2% | ||
| Q3 24 | 28.4% | -309.1% | ||
| Q2 24 | 29.8% | -4.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -14.4% | ||
| Q3 25 | 7.5% | -10.3% | ||
| Q2 25 | 2.0% | -39.9% | ||
| Q1 25 | 1.8% | -46.8% | ||
| Q4 24 | 8.4% | -134.4% | ||
| Q3 24 | 12.3% | -471.8% | ||
| Q2 24 | 12.5% | -60.4% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -39.4% | ||
| Q3 25 | 6.6% | -14.7% | ||
| Q2 25 | -0.8% | -43.1% | ||
| Q1 25 | 0.7% | -44.9% | ||
| Q4 24 | 6.1% | -146.5% | ||
| Q3 24 | 8.9% | -522.8% | ||
| Q2 24 | 9.4% | -49.3% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-2.21 | ||
| Q3 25 | $1.10 | $-0.84 | ||
| Q2 25 | $-0.13 | $-2.13 | ||
| Q1 25 | $0.12 | $-1.70 | ||
| Q4 24 | $0.96 | $-5.00 | ||
| Q3 24 | $1.40 | $-21.58 | ||
| Q2 24 | $1.41 | $-2.31 |
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 | $493.2M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $427.5M |
| Total Assets | $1.1B | $2.2B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $493.2M | ||
| Q3 25 | $39.5M | $498.6M | ||
| Q2 25 | $32.8M | $758.0M | ||
| Q1 25 | $41.4M | $651.6M | ||
| Q4 24 | $43.9M | $585.9M | ||
| Q3 24 | $51.0M | $678.8M | ||
| Q2 24 | $30.4M | $689.8M |
| 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 | $427.5M | ||
| Q3 25 | $500.2M | $479.8M | ||
| Q2 25 | $481.8M | $513.2M | ||
| Q1 25 | $487.9M | $594.2M | ||
| Q4 24 | $522.1M | $658.3M | ||
| Q3 24 | $506.4M | $930.9M | ||
| Q2 24 | $480.0M | $2.1B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $917.1M | $2.8B | ||
| Q2 24 | $889.0M | $3.9B |
| 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 | $52.6M |
| Free Cash FlowOCF − Capex | — | $43.3M |
| FCF MarginFCF / Revenue | — | 12.9% |
| Capex IntensityCapex / Revenue | 7.8% | 2.8% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $52.6M | ||
| Q3 25 | $57.1M | $25.6M | ||
| Q2 25 | $-19.8M | $-7.8M | ||
| Q1 25 | $30.0M | $33.8M | ||
| Q4 24 | $31.0M | $37.8M | ||
| Q3 24 | $58.7M | $-89.3M | ||
| Q2 24 | $5.5M | $-44.8M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $43.3M | ||
| Q3 25 | $52.4M | $22.8M | ||
| Q2 25 | $-26.9M | $-9.1M | ||
| Q1 25 | $19.1M | $23.7M | ||
| Q4 24 | $22.0M | $25.5M | ||
| Q3 24 | $50.2M | $-136.7M | ||
| Q2 24 | $-1.8M | $-67.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 12.9% | ||
| Q3 25 | 14.6% | 6.7% | ||
| Q2 25 | -7.8% | -3.1% | ||
| Q1 25 | 5.5% | 10.8% | ||
| Q4 24 | 6.4% | 13.0% | ||
| Q3 24 | 14.7% | -58.1% | ||
| Q2 24 | -0.5% | -25.2% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.8% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 2.1% | 0.4% | ||
| Q1 25 | 3.2% | 4.6% | ||
| Q4 24 | 2.6% | 6.2% | ||
| Q3 24 | 2.5% | 20.1% | ||
| Q2 24 | 2.2% | 8.4% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
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% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
