vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $213.6M, roughly 1.6× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 4.7%, a 2.9% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 1.6%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
APOG vs VITL — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $213.6M |
| Net Profit | $16.6M | $16.3M |
| Gross Margin | 22.4% | 35.8% |
| Operating Margin | 7.3% | 10.0% |
| Net Margin | 4.7% | 7.6% |
| Revenue YoY | 1.6% | 28.7% |
| Net Profit YoY | 568.8% | 54.3% |
| EPS (diluted) | $0.78 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $358.2M | $198.9M | ||
| Q2 25 | $346.6M | $184.8M | ||
| Q1 25 | $345.7M | $162.2M | ||
| Q4 24 | $341.3M | $166.0M | ||
| Q3 24 | $342.4M | $145.0M | ||
| Q2 24 | $331.5M | $147.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $16.3M | ||
| Q3 25 | $23.6M | $16.4M | ||
| Q2 25 | $-2.7M | $16.6M | ||
| Q1 25 | $2.5M | $16.9M | ||
| Q4 24 | $21.0M | $10.6M | ||
| Q3 24 | $30.6M | $7.4M | ||
| Q2 24 | $31.0M | $16.3M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 35.8% | ||
| Q3 25 | 23.1% | 37.7% | ||
| Q2 25 | 21.7% | 38.9% | ||
| Q1 25 | 21.6% | 38.5% | ||
| Q4 24 | 26.1% | 36.1% | ||
| Q3 24 | 28.4% | 36.9% | ||
| Q2 24 | 29.8% | 39.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 10.0% | ||
| Q3 25 | 7.5% | 10.8% | ||
| Q2 25 | 2.0% | 12.9% | ||
| Q1 25 | 1.8% | 13.4% | ||
| Q4 24 | 8.4% | 7.8% | ||
| Q3 24 | 12.3% | 6.4% | ||
| Q2 24 | 12.5% | 11.6% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 7.6% | ||
| Q3 25 | 6.6% | 8.3% | ||
| Q2 25 | -0.8% | 9.0% | ||
| Q1 25 | 0.7% | 10.4% | ||
| Q4 24 | 6.1% | 6.4% | ||
| Q3 24 | 8.9% | 5.1% | ||
| Q2 24 | 9.4% | 11.1% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.35 | ||
| Q3 25 | $1.10 | $0.36 | ||
| Q2 25 | $-0.13 | $0.36 | ||
| Q1 25 | $0.12 | $0.37 | ||
| Q4 24 | $0.96 | $0.23 | ||
| Q3 24 | $1.40 | $0.16 | ||
| Q2 24 | $1.41 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $351.3M |
| Total Assets | $1.1B | $518.7M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $48.8M | ||
| Q3 25 | $39.5M | $93.8M | ||
| Q2 25 | $32.8M | $108.2M | ||
| Q1 25 | $41.4M | $156.3M | ||
| Q4 24 | $43.9M | $150.6M | ||
| Q3 24 | $51.0M | $149.5M | ||
| Q2 24 | $30.4M | $133.2M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $351.3M | ||
| Q3 25 | $500.2M | $331.2M | ||
| Q2 25 | $481.8M | $309.8M | ||
| Q1 25 | $487.9M | $288.9M | ||
| Q4 24 | $522.1M | $269.3M | ||
| Q3 24 | $506.4M | $253.4M | ||
| Q2 24 | $480.0M | $238.4M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $518.7M | ||
| Q3 25 | $1.2B | $481.5M | ||
| Q2 25 | $1.2B | $430.8M | ||
| Q1 25 | $1.2B | $376.9M | ||
| Q4 24 | $1.2B | $359.3M | ||
| Q3 24 | $917.1M | $344.7M | ||
| Q2 24 | $889.0M | $320.5M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | 7.8% | 17.8% |
| Cash ConversionOCF / Net Profit | 7.37× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $5.8M | ||
| Q3 25 | $57.1M | $23.4M | ||
| Q2 25 | $-19.8M | $-761.0K | ||
| Q1 25 | $30.0M | $5.3M | ||
| Q4 24 | $31.0M | $14.8M | ||
| Q3 24 | $58.7M | $10.0M | ||
| Q2 24 | $5.5M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-32.1M | ||
| Q3 25 | $52.4M | $-10.6M | ||
| Q2 25 | $-26.9M | $-7.6M | ||
| Q1 25 | $19.1M | $2.1M | ||
| Q4 24 | $22.0M | $-3.4M | ||
| Q3 24 | $50.2M | $6.4M | ||
| Q2 24 | $-1.8M | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -15.1% | ||
| Q3 25 | 14.6% | -5.3% | ||
| Q2 25 | -7.8% | -4.1% | ||
| Q1 25 | 5.5% | 1.3% | ||
| Q4 24 | 6.4% | -2.0% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | -0.5% | 7.2% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 17.8% | ||
| Q3 25 | 1.3% | 17.1% | ||
| Q2 25 | 2.1% | 3.7% | ||
| Q1 25 | 3.2% | 1.9% | ||
| Q4 24 | 2.6% | 10.9% | ||
| Q3 24 | 2.5% | 2.5% | ||
| Q2 24 | 2.2% | 3.8% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 0.35× | ||
| Q3 25 | 2.41× | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | 12.08× | 0.31× | ||
| Q4 24 | 1.48× | 1.40× | ||
| Q3 24 | 1.92× | 1.34× | ||
| Q2 24 | 0.18× | 0.99× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
