vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($348.6M vs $226.2M, roughly 1.5× USANA HEALTH SCIENCES INC). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 0.1%, a 4.7% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (2.1% vs -10.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (-0.4% CAGR vs -1.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
APOG vs USNA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $226.2M |
| Net Profit | $16.5M | $180.0K |
| Gross Margin | 23.8% | 78.2% |
| Operating Margin | 7.1% | 1.7% |
| Net Margin | 4.7% | 0.1% |
| Revenue YoY | 2.1% | -10.0% |
| Net Profit YoY | -21.2% | -74.0% |
| EPS (diluted) | $0.77 | $-0.10 |
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.
| Q4 25 | $348.6M | $226.2M | ||
| Q3 25 | $358.2M | $213.7M | ||
| Q2 25 | $346.6M | $235.8M | ||
| Q1 25 | $345.7M | $249.5M | ||
| Q4 24 | $341.3M | $213.6M | ||
| Q3 24 | $342.4M | $200.2M | ||
| Q2 24 | $331.5M | $212.9M | ||
| Q1 24 | $361.8M | $227.8M |
| Q4 25 | $16.5M | $180.0K | ||
| Q3 25 | $23.6M | $-6.5M | ||
| Q2 25 | $-2.7M | $9.7M | ||
| Q1 25 | $2.5M | $9.4M | ||
| Q4 24 | $21.0M | $4.5M | ||
| Q3 24 | $30.6M | $10.6M | ||
| Q2 24 | $31.0M | $10.4M | ||
| Q1 24 | $15.7M | $16.5M |
| Q4 25 | 23.8% | 78.2% | ||
| Q3 25 | 23.1% | 77.2% | ||
| Q2 25 | 21.7% | 78.7% | ||
| Q1 25 | 21.6% | 79.0% | ||
| Q4 24 | 26.1% | 82.0% | ||
| Q3 24 | 28.4% | 80.4% | ||
| Q2 24 | 29.8% | 81.1% | ||
| Q1 24 | 24.4% | 81.1% |
| Q4 25 | 7.1% | 1.7% | ||
| Q3 25 | 7.5% | 0.6% | ||
| Q2 25 | 2.0% | 7.1% | ||
| Q1 25 | 1.8% | 6.3% | ||
| Q4 24 | 8.4% | 3.8% | ||
| Q3 24 | 12.3% | 7.8% | ||
| Q2 24 | 12.5% | 8.4% | ||
| Q1 24 | 6.0% | 10.8% |
| Q4 25 | 4.7% | 0.1% | ||
| Q3 25 | 6.6% | -3.1% | ||
| Q2 25 | -0.8% | 4.1% | ||
| Q1 25 | 0.7% | 3.8% | ||
| Q4 24 | 6.1% | 2.1% | ||
| Q3 24 | 8.9% | 5.3% | ||
| Q2 24 | 9.4% | 4.9% | ||
| Q1 24 | 4.3% | 7.3% |
| Q4 25 | $0.77 | $-0.10 | ||
| Q3 25 | $1.10 | $-0.36 | ||
| Q2 25 | $-0.13 | $0.52 | ||
| Q1 25 | $0.12 | $0.49 | ||
| Q4 24 | $0.96 | $0.23 | ||
| Q3 24 | $1.40 | $0.56 | ||
| Q2 24 | $1.41 | $0.54 | ||
| Q1 24 | $0.71 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $158.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | — |
| Total Assets | $1.1B | $742.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $158.4M | ||
| Q3 25 | $39.5M | $145.3M | ||
| Q2 25 | $32.8M | $151.3M | ||
| Q1 25 | $41.4M | $179.6M | ||
| Q4 24 | $43.9M | $181.8M | ||
| Q3 24 | $51.0M | $364.9M | ||
| Q2 24 | $30.4M | $332.4M | ||
| Q1 24 | $37.2M | $328.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | — | ||
| Q3 25 | $500.2M | $528.1M | ||
| Q2 25 | $481.8M | $531.1M | ||
| Q1 25 | $487.9M | $529.8M | ||
| Q4 24 | $522.1M | $532.1M | ||
| Q3 24 | $506.4M | $533.1M | ||
| Q2 24 | $480.0M | $512.2M | ||
| Q1 24 | $471.0M | $500.0M |
| Q4 25 | $1.1B | $742.9M | ||
| Q3 25 | $1.2B | $726.6M | ||
| Q2 25 | $1.2B | $734.5M | ||
| Q1 25 | $1.2B | $746.6M | ||
| Q4 24 | $1.2B | $748.2M | ||
| Q3 24 | $917.1M | $671.3M | ||
| Q2 24 | $889.0M | $631.4M | ||
| Q1 24 | $884.1M | $629.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $29.3M | — |
| Free Cash FlowOCF − Capex | $22.9M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $57.1M | $-2.0M | ||
| Q2 25 | $-19.8M | $12.2M | ||
| Q1 25 | $30.0M | $15.5M | ||
| Q4 24 | $31.0M | $5.8M | ||
| Q3 24 | $58.7M | $29.5M | ||
| Q2 24 | $5.5M | $8.0M | ||
| Q1 24 | $74.9M | $17.7M |
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $-5.2M | ||
| Q2 25 | $-26.9M | $7.2M | ||
| Q1 25 | $19.1M | $12.7M | ||
| Q4 24 | $22.0M | $4.0M | ||
| Q3 24 | $50.2M | $27.1M | ||
| Q2 24 | $-1.8M | $5.3M | ||
| Q1 24 | $58.7M | $14.5M |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | -2.4% | ||
| Q2 25 | -7.8% | 3.0% | ||
| Q1 25 | 5.5% | 5.1% | ||
| Q4 24 | 6.4% | 1.9% | ||
| Q3 24 | 14.7% | 13.6% | ||
| Q2 24 | -0.5% | 2.5% | ||
| Q1 24 | 16.2% | 6.4% |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 2.1% | 2.1% | ||
| Q1 25 | 3.2% | 1.1% | ||
| Q4 24 | 2.6% | 0.8% | ||
| Q3 24 | 2.5% | 1.2% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 4.5% | 1.4% |
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | 12.08× | 1.65× | ||
| Q4 24 | 1.48× | 1.29× | ||
| Q3 24 | 1.92× | 2.78× | ||
| Q2 24 | 0.18× | 0.77× | ||
| Q1 24 | 4.76× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
USNA
Segment breakdown not available.
