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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $208.0M, roughly 1.7× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 4.7%, a 11.5% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -10.9%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -3.2%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
APOG vs VRTS — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $208.0M |
| Net Profit | $16.6M | $33.9M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 19.1% |
| Net Margin | 4.7% | 16.3% |
| Revenue YoY | 1.6% | -10.9% |
| Net Profit YoY | 568.8% | -14.2% |
| EPS (diluted) | $0.78 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $358.2M | $216.4M | ||
| Q2 25 | $346.6M | $210.5M | ||
| Q1 25 | $345.7M | $217.9M | ||
| Q4 24 | $341.3M | $233.5M | ||
| Q3 24 | $342.4M | $227.0M | ||
| Q2 24 | $331.5M | $224.4M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $33.9M | ||
| Q3 25 | $23.6M | $31.3M | ||
| Q2 25 | $-2.7M | $42.7M | ||
| Q1 25 | $2.5M | $28.1M | ||
| Q4 24 | $21.0M | $39.5M | ||
| Q3 24 | $30.6M | $49.1M | ||
| Q2 24 | $31.0M | $26.0M |
| 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% | — | ||
| Q4 25 | 7.1% | 19.1% | ||
| Q3 25 | 7.5% | 21.7% | ||
| Q2 25 | 2.0% | 21.5% | ||
| Q1 25 | 1.8% | 16.8% | ||
| Q4 24 | 8.4% | 21.7% | ||
| Q3 24 | 12.3% | 24.3% | ||
| Q2 24 | 12.5% | 19.7% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 16.3% | ||
| Q3 25 | 6.6% | 14.5% | ||
| Q2 25 | -0.8% | 20.3% | ||
| Q1 25 | 0.7% | 12.9% | ||
| Q4 24 | 6.1% | 16.9% | ||
| Q3 24 | 8.9% | 21.6% | ||
| Q2 24 | 9.4% | 11.6% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $5.15 | ||
| Q3 25 | $1.10 | $4.65 | ||
| Q2 25 | $-0.13 | $6.12 | ||
| Q1 25 | $0.12 | $4.05 | ||
| Q4 24 | $0.96 | $4.65 | ||
| Q3 24 | $1.40 | $5.71 | ||
| Q2 24 | $1.41 | $2.43 |
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 | — |
| Total DebtLower is stronger | $232.3M | $390.0M |
| Stockholders' EquityBook value | $511.8M | $934.0M |
| Total Assets | $1.1B | $4.3B |
| Debt / EquityLower = less leverage | 0.45× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| 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 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | $285.0M | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $934.0M | ||
| Q3 25 | $500.2M | $918.7M | ||
| Q2 25 | $481.8M | $896.4M | ||
| Q1 25 | $487.9M | $893.7M | ||
| Q4 24 | $522.1M | $897.5M | ||
| Q3 24 | $506.4M | $889.0M | ||
| Q2 24 | $480.0M | $868.7M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $1.2B | $3.9B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.2B | $4.0B | ||
| Q3 24 | $917.1M | $3.6B | ||
| Q2 24 | $889.0M | $3.6B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | 0.58× | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | — | $-74.1M |
| FCF MarginFCF / Revenue | — | -35.6% |
| Capex IntensityCapex / Revenue | 7.8% | 3.3% |
| Cash ConversionOCF / Net Profit | 7.37× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-67.2M | ||
| Q3 25 | $57.1M | $108.3M | ||
| Q2 25 | $-19.8M | $75.8M | ||
| Q1 25 | $30.0M | $-3.8M | ||
| Q4 24 | $31.0M | $1.8M | ||
| Q3 24 | $58.7M | $69.1M | ||
| Q2 24 | $5.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-74.1M | ||
| Q3 25 | $52.4M | $106.9M | ||
| Q2 25 | $-26.9M | $74.2M | ||
| Q1 25 | $19.1M | $-6.8M | ||
| Q4 24 | $22.0M | $-3.8M | ||
| Q3 24 | $50.2M | $68.7M | ||
| Q2 24 | $-1.8M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -35.6% | ||
| Q3 25 | 14.6% | 49.4% | ||
| Q2 25 | -7.8% | 35.2% | ||
| Q1 25 | 5.5% | -3.1% | ||
| Q4 24 | 6.4% | -1.6% | ||
| Q3 24 | 14.7% | 30.3% | ||
| Q2 24 | -0.5% | 30.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 3.3% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 2.1% | 0.7% | ||
| Q1 25 | 3.2% | 1.4% | ||
| Q4 24 | 2.6% | 2.4% | ||
| Q3 24 | 2.5% | 0.2% | ||
| Q2 24 | 2.2% | 0.6% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | -1.99× | ||
| Q3 25 | 2.41× | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 12.08× | -0.13× | ||
| Q4 24 | 1.48× | 0.04× | ||
| Q3 24 | 1.92× | 1.41× | ||
| Q2 24 | 0.18× | 2.69× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
