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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $256.5M, roughly 1.4× TRIMAS CORP). TRIMAS CORP runs the higher net margin — 31.9% vs 4.7%, a 27.1% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs 1.6%). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% 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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
APOG vs TRS — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $256.5M |
| Net Profit | $16.6M | $81.7M |
| Gross Margin | 22.4% | 12.8% |
| Operating Margin | 7.3% | 5.7% |
| Net Margin | 4.7% | 31.9% |
| Revenue YoY | 1.6% | 3.8% |
| Net Profit YoY | 568.8% | 236.9% |
| EPS (diluted) | $0.78 | $2.03 |
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 | $256.5M | ||
| Q4 25 | $348.6M | $-140.0M | ||
| Q3 25 | $358.2M | $269.3M | ||
| Q2 25 | $346.6M | $274.8M | ||
| Q1 25 | $345.7M | $241.7M | ||
| Q4 24 | $341.3M | $-66.2M | ||
| Q3 24 | $342.4M | $229.4M | ||
| Q2 24 | $331.5M | $240.5M |
| Q1 26 | $16.6M | $81.7M | ||
| Q4 25 | $16.5M | $81.7M | ||
| Q3 25 | $23.6M | $9.3M | ||
| Q2 25 | $-2.7M | $16.7M | ||
| Q1 25 | $2.5M | $12.4M | ||
| Q4 24 | $21.0M | $5.6M | ||
| Q3 24 | $30.6M | $2.5M | ||
| Q2 24 | $31.0M | $10.9M |
| Q1 26 | 22.4% | 12.8% | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | 12.8% | ||
| Q2 25 | 21.7% | 13.8% | ||
| Q1 25 | 21.6% | 13.6% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | 15.4% | ||
| Q2 24 | 29.8% | 14.4% |
| Q1 26 | 7.3% | 5.7% | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | 6.2% | ||
| Q2 25 | 2.0% | 9.9% | ||
| Q1 25 | 1.8% | 9.0% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | 3.6% | ||
| Q2 24 | 12.5% | 7.4% |
| Q1 26 | 4.7% | 31.9% | ||
| Q4 25 | 4.7% | -58.4% | ||
| Q3 25 | 6.6% | 3.5% | ||
| Q2 25 | -0.8% | 6.1% | ||
| Q1 25 | 0.7% | 5.1% | ||
| Q4 24 | 6.1% | -8.5% | ||
| Q3 24 | 8.9% | 1.1% | ||
| Q2 24 | 9.4% | 4.5% |
| Q1 26 | $0.78 | $2.03 | ||
| Q4 25 | $0.77 | $2.01 | ||
| Q3 25 | $1.10 | $0.23 | ||
| Q2 25 | $-0.13 | $0.41 | ||
| Q1 25 | $0.12 | $0.30 | ||
| Q4 24 | $0.96 | $0.14 | ||
| Q3 24 | $1.40 | $0.06 | ||
| Q2 24 | $1.41 | $0.27 |
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 | $30.0M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $705.6M |
| Total Assets | $1.1B | $1.5B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $30.0M | ||
| Q4 25 | $41.3M | $30.0M | ||
| Q3 25 | $39.5M | $33.6M | ||
| Q2 25 | $32.8M | $30.3M | ||
| Q1 25 | $41.4M | $32.7M | ||
| Q4 24 | $43.9M | $23.1M | ||
| Q3 24 | $51.0M | $26.9M | ||
| Q2 24 | $30.4M | $35.0M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $469.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $424.5M | ||
| Q1 25 | $285.0M | $434.2M | ||
| Q4 24 | — | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M |
| Q1 26 | $511.8M | $705.6M | ||
| Q4 25 | $512.3M | $705.6M | ||
| Q3 25 | $500.2M | $725.0M | ||
| Q2 25 | $481.8M | $715.3M | ||
| Q1 25 | $487.9M | $686.6M | ||
| Q4 24 | $522.1M | $667.3M | ||
| Q3 24 | $506.4M | $682.8M | ||
| Q2 24 | $480.0M | $675.9M |
| Q1 26 | $1.1B | $1.5B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $917.1M | $1.4B | ||
| Q2 24 | $889.0M | $1.4B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | 0.58× | 0.63× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | — | $36.8M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | 7.8% | 18.9% |
| Cash ConversionOCF / Net Profit | 7.37× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | $117.5M | ||
| Q4 25 | $29.3M | $41.5M | ||
| Q3 25 | $57.1M | $36.5M | ||
| Q2 25 | $-19.8M | $30.3M | ||
| Q1 25 | $30.0M | $9.2M | ||
| Q4 24 | $31.0M | $27.1M | ||
| Q3 24 | $58.7M | $22.0M | ||
| Q2 24 | $5.5M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $22.9M | $36.8M | ||
| Q3 25 | $52.4M | $22.8M | ||
| Q2 25 | $-26.9M | $13.2M | ||
| Q1 25 | $19.1M | $-3.8M | ||
| Q4 24 | $22.0M | $12.1M | ||
| Q3 24 | $50.2M | $10.2M | ||
| Q2 24 | $-1.8M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | 6.6% | -26.3% | ||
| Q3 25 | 14.6% | 8.5% | ||
| Q2 25 | -7.8% | 4.8% | ||
| Q1 25 | 5.5% | -1.6% | ||
| Q4 24 | 6.4% | -18.3% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | -0.5% | 3.1% |
| Q1 26 | 7.8% | 18.9% | ||
| Q4 25 | 1.9% | -3.4% | ||
| Q3 25 | 1.3% | 5.1% | ||
| Q2 25 | 2.1% | 6.2% | ||
| Q1 25 | 3.2% | 5.4% | ||
| Q4 24 | 2.6% | -22.6% | ||
| Q3 24 | 2.5% | 5.2% | ||
| Q2 24 | 2.2% | 4.5% |
| Q1 26 | 7.37× | 1.44× | ||
| Q4 25 | 1.77× | 0.51× | ||
| Q3 25 | 2.41× | 3.92× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | 12.08× | 0.74× | ||
| Q4 24 | 1.48× | 4.80× | ||
| Q3 24 | 1.92× | 8.71× | ||
| Q2 24 | 0.18× | 1.68× |
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% |
TRS
Segment breakdown not available.
