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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and TREX CO INC (TREX). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $343.4M, roughly 1.0× TREX CO INC). TREX CO INC runs the higher net margin — 17.9% vs 4.7%, a 13.2% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs 1.0%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -4.5%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
APOG vs TREX — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $343.4M |
| Net Profit | $16.6M | $61.4M |
| Gross Margin | 22.4% | 40.5% |
| Operating Margin | 7.3% | 24.3% |
| Net Margin | 4.7% | 17.9% |
| Revenue YoY | 1.6% | 1.0% |
| Net Profit YoY | 568.8% | 1.6% |
| EPS (diluted) | $0.78 | $0.58 |
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 | $343.4M | ||
| Q4 25 | $348.6M | $161.1M | ||
| Q3 25 | $358.2M | $285.3M | ||
| Q2 25 | $346.6M | $387.8M | ||
| Q1 25 | $345.7M | $340.0M | ||
| Q4 24 | $341.3M | $167.6M | ||
| Q3 24 | $342.4M | $233.7M | ||
| Q2 24 | $331.5M | $376.5M |
| Q1 26 | $16.6M | $61.4M | ||
| Q4 25 | $16.5M | $2.3M | ||
| Q3 25 | $23.6M | $51.8M | ||
| Q2 25 | $-2.7M | $75.9M | ||
| Q1 25 | $2.5M | $60.4M | ||
| Q4 24 | $21.0M | $9.8M | ||
| Q3 24 | $30.6M | $40.6M | ||
| Q2 24 | $31.0M | $87.0M |
| Q1 26 | 22.4% | 40.5% | ||
| Q4 25 | 23.8% | 30.2% | ||
| Q3 25 | 23.1% | 40.5% | ||
| Q2 25 | 21.7% | 40.8% | ||
| Q1 25 | 21.6% | 40.5% | ||
| Q4 24 | 26.1% | 32.7% | ||
| Q3 24 | 28.4% | 39.9% | ||
| Q2 24 | 29.8% | 44.7% |
| Q1 26 | 7.3% | 24.3% | ||
| Q4 25 | 7.1% | 2.2% | ||
| Q3 25 | 7.5% | 24.7% | ||
| Q2 25 | 2.0% | 26.4% | ||
| Q1 25 | 1.8% | 24.0% | ||
| Q4 24 | 8.4% | 9.2% | ||
| Q3 24 | 12.3% | 23.2% | ||
| Q2 24 | 12.5% | 31.1% |
| Q1 26 | 4.7% | 17.9% | ||
| Q4 25 | 4.7% | 1.4% | ||
| Q3 25 | 6.6% | 18.1% | ||
| Q2 25 | -0.8% | 19.6% | ||
| Q1 25 | 0.7% | 17.8% | ||
| Q4 24 | 6.1% | 5.8% | ||
| Q3 24 | 8.9% | 17.4% | ||
| Q2 24 | 9.4% | 23.1% |
| Q1 26 | $0.78 | $0.58 | ||
| Q4 25 | $0.77 | $0.03 | ||
| Q3 25 | $1.10 | $0.48 | ||
| Q2 25 | $-0.13 | $0.71 | ||
| Q1 25 | $0.12 | $0.56 | ||
| Q4 24 | $0.96 | $0.10 | ||
| Q3 24 | $1.40 | $0.37 | ||
| Q2 24 | $1.41 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $995.8M |
| Total Assets | $1.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $4.5M | ||
| Q4 25 | $41.3M | $3.8M | ||
| Q3 25 | $39.5M | $11.4M | ||
| Q2 25 | $32.8M | $5.5M | ||
| Q1 25 | $41.4M | $5.0M | ||
| Q4 24 | $43.9M | $1.3M | ||
| Q3 24 | $51.0M | $12.8M | ||
| Q2 24 | $30.4M | $1.2M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | $995.8M | ||
| Q4 25 | $512.3M | $1.0B | ||
| Q3 25 | $500.2M | $1.0B | ||
| Q2 25 | $481.8M | $989.3M | ||
| Q1 25 | $487.9M | $910.1M | ||
| Q4 24 | $522.1M | $850.1M | ||
| Q3 24 | $506.4M | $887.9M | ||
| Q2 24 | $480.0M | $894.9M |
| Q1 26 | $1.1B | $1.7B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $917.1M | $1.3B | ||
| Q2 24 | $889.0M | $1.3B |
| 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 | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | $-118.4M | ||
| Q4 25 | $29.3M | $65.5M | ||
| Q3 25 | $57.1M | $196.9M | ||
| Q2 25 | $-19.8M | $249.8M | ||
| Q1 25 | $30.0M | $-154.0M | ||
| Q4 24 | $31.0M | $-8.5M | ||
| Q3 24 | $58.7M | $132.8M | ||
| Q2 24 | $5.5M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $22.9M | $22.1M | ||
| Q3 25 | $52.4M | $142.9M | ||
| Q2 25 | $-26.9M | $203.0M | ||
| Q1 25 | $19.1M | $-233.5M | ||
| Q4 24 | $22.0M | $-89.3M | ||
| Q3 24 | $50.2M | $54.5M | ||
| Q2 24 | $-1.8M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 6.6% | 13.7% | ||
| Q3 25 | 14.6% | 50.1% | ||
| Q2 25 | -7.8% | 52.3% | ||
| Q1 25 | 5.5% | -68.7% | ||
| Q4 24 | 6.4% | -53.3% | ||
| Q3 24 | 14.7% | 23.3% | ||
| Q2 24 | -0.5% | 42.0% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 26.9% | ||
| Q3 25 | 1.3% | 18.9% | ||
| Q2 25 | 2.1% | 12.1% | ||
| Q1 25 | 3.2% | 23.4% | ||
| Q4 24 | 2.6% | 48.2% | ||
| Q3 24 | 2.5% | 33.5% | ||
| Q2 24 | 2.2% | 9.4% |
| Q1 26 | 7.37× | -1.93× | ||
| Q4 25 | 1.77× | 28.45× | ||
| Q3 25 | 2.41× | 3.80× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | 12.08× | -2.55× | ||
| Q4 24 | 1.48× | -0.87× | ||
| Q3 24 | 1.92× | 3.27× | ||
| Q2 24 | 0.18× | 2.23× |
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% |
TREX
Segment breakdown not available.
