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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $351.4M, roughly 1.9× APOGEE ENTERPRISES, INC.). SouthState Bank Corp runs the higher net margin — 34.1% vs 4.7%, a 29.4% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
APOG vs SSB — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $661.7M |
| Net Profit | $16.6M | $225.8M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 15.1% |
| Net Margin | 4.7% | 34.1% |
| Revenue YoY | 1.6% | — |
| Net Profit YoY | 568.8% | 153.5% |
| EPS (diluted) | $0.78 | $2.28 |
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 | $661.7M | ||
| Q4 25 | $348.6M | $581.1M | ||
| Q3 25 | $358.2M | $599.7M | ||
| Q2 25 | $346.6M | $577.9M | ||
| Q1 25 | $345.7M | $544.5M | ||
| Q4 24 | $341.3M | $369.8M | ||
| Q3 24 | $342.4M | $351.5M | ||
| Q2 24 | $331.5M | $350.3M |
| Q1 26 | $16.6M | $225.8M | ||
| Q4 25 | $16.5M | $247.7M | ||
| Q3 25 | $23.6M | $246.6M | ||
| Q2 25 | $-2.7M | $215.2M | ||
| Q1 25 | $2.5M | $89.1M | ||
| Q4 24 | $21.0M | $144.2M | ||
| Q3 24 | $30.6M | $143.2M | ||
| Q2 24 | $31.0M | $132.4M |
| Q1 26 | 22.4% | — | ||
| 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 26 | 7.3% | 15.1% | ||
| Q4 25 | 7.1% | 54.3% | ||
| Q3 25 | 7.5% | 53.6% | ||
| Q2 25 | 2.0% | 48.8% | ||
| Q1 25 | 1.8% | 22.3% | ||
| Q4 24 | 8.4% | 50.7% | ||
| Q3 24 | 12.3% | 53.1% | ||
| Q2 24 | 12.5% | 49.3% |
| Q1 26 | 4.7% | 34.1% | ||
| Q4 25 | 4.7% | 42.6% | ||
| Q3 25 | 6.6% | 41.1% | ||
| Q2 25 | -0.8% | 37.2% | ||
| Q1 25 | 0.7% | 16.4% | ||
| Q4 24 | 6.1% | 39.0% | ||
| Q3 24 | 8.9% | 40.7% | ||
| Q2 24 | 9.4% | 37.8% |
| Q1 26 | $0.78 | $2.28 | ||
| Q4 25 | $0.77 | $2.47 | ||
| Q3 25 | $1.10 | $2.42 | ||
| Q2 25 | $-0.13 | $2.11 | ||
| Q1 25 | $0.12 | $0.87 | ||
| Q4 24 | $0.96 | $1.88 | ||
| Q3 24 | $1.40 | $1.86 | ||
| Q2 24 | $1.41 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $9.0B |
| Total Assets | $1.1B | $68.0B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $2.9B | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | $9.0B | ||
| Q4 25 | $512.3M | $9.1B | ||
| Q3 25 | $500.2M | $9.0B | ||
| Q2 25 | $481.8M | $8.8B | ||
| Q1 25 | $487.9M | $8.6B | ||
| Q4 24 | $522.1M | $5.9B | ||
| Q3 24 | $506.4M | $5.9B | ||
| Q2 24 | $480.0M | $5.7B |
| Q1 26 | $1.1B | $68.0B | ||
| Q4 25 | $1.1B | $67.2B | ||
| Q3 25 | $1.2B | $66.0B | ||
| Q2 25 | $1.2B | $65.9B | ||
| Q1 25 | $1.2B | $65.1B | ||
| Q4 24 | $1.2B | $46.4B | ||
| Q3 24 | $917.1M | $46.1B | ||
| Q2 24 | $889.0M | $45.5B |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $232.1M | ||
| Q3 25 | $57.1M | $122.4M | ||
| Q2 25 | $-19.8M | $72.6M | ||
| Q1 25 | $30.0M | $-126.3M | ||
| Q4 24 | $31.0M | $354.3M | ||
| Q3 24 | $58.7M | $-246.8M | ||
| Q2 24 | $5.5M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $215.5M | ||
| Q3 25 | $52.4M | $101.7M | ||
| Q2 25 | $-26.9M | $52.5M | ||
| Q1 25 | $19.1M | $-139.1M | ||
| Q4 24 | $22.0M | $340.9M | ||
| Q3 24 | $50.2M | $-254.2M | ||
| Q2 24 | $-1.8M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 37.1% | ||
| Q3 25 | 14.6% | 17.0% | ||
| Q2 25 | -7.8% | 9.1% | ||
| Q1 25 | 5.5% | -25.5% | ||
| Q4 24 | 6.4% | 92.2% | ||
| Q3 24 | 14.7% | -72.3% | ||
| Q2 24 | -0.5% | 33.5% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.9% | ||
| Q3 25 | 1.3% | 3.5% | ||
| Q2 25 | 2.1% | 3.5% | ||
| Q1 25 | 3.2% | 2.4% | ||
| Q4 24 | 2.6% | 3.6% | ||
| Q3 24 | 2.5% | 2.1% | ||
| Q2 24 | 2.2% | 2.7% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 0.94× | ||
| Q3 25 | 2.41× | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | 12.08× | -1.42× | ||
| Q4 24 | 1.48× | 2.46× | ||
| Q3 24 | 1.92× | -1.72× | ||
| Q2 24 | 0.18× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
