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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $340.0M, roughly 1.0× Walker & Dunlop, Inc.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -12.9%, a 17.6% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
APOG vs WD — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $340.0M |
| Net Profit | $16.6M | $-13.9M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | -17.2% |
| Net Margin | 4.7% | -12.9% |
| Revenue YoY | 1.6% | -0.4% |
| Net Profit YoY | 568.8% | -131.0% |
| EPS (diluted) | $0.78 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $358.2M | $337.7M | ||
| Q2 25 | $346.6M | $319.2M | ||
| Q1 25 | $345.7M | $237.4M | ||
| Q4 24 | $341.3M | $341.5M | ||
| Q3 24 | $342.4M | $292.3M | ||
| Q2 24 | $331.5M | $270.7M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-13.9M | ||
| Q3 25 | $23.6M | $33.5M | ||
| Q2 25 | $-2.7M | $34.0M | ||
| Q1 25 | $2.5M | $2.8M | ||
| Q4 24 | $21.0M | $44.8M | ||
| Q3 24 | $30.6M | $28.8M | ||
| Q2 24 | $31.0M | $22.7M |
| 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% | -17.2% | ||
| Q3 25 | 7.5% | 13.6% | ||
| Q2 25 | 2.0% | 14.5% | ||
| Q1 25 | 1.8% | 2.2% | ||
| Q4 24 | 8.4% | 15.3% | ||
| Q3 24 | 12.3% | 12.8% | ||
| Q2 24 | 12.5% | 10.4% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -12.9% | ||
| Q3 25 | 6.6% | 9.9% | ||
| Q2 25 | -0.8% | 10.6% | ||
| Q1 25 | 0.7% | 1.2% | ||
| Q4 24 | 6.1% | 13.1% | ||
| Q3 24 | 8.9% | 9.9% | ||
| Q2 24 | 9.4% | 8.4% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.41 | ||
| Q3 25 | $1.10 | $0.98 | ||
| Q2 25 | $-0.13 | $0.99 | ||
| Q1 25 | $0.12 | $0.08 | ||
| Q4 24 | $0.96 | $1.32 | ||
| Q3 24 | $1.40 | $0.85 | ||
| Q2 24 | $1.41 | $0.67 |
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 | $299.3M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $1.7B |
| Total Assets | $1.1B | $5.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $299.3M | ||
| Q3 25 | $39.5M | $274.8M | ||
| Q2 25 | $32.8M | $233.7M | ||
| Q1 25 | $41.4M | $181.0M | ||
| Q4 24 | $43.9M | $279.3M | ||
| Q3 24 | $51.0M | $179.8M | ||
| Q2 24 | $30.4M | $208.1M |
| 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 | $1.7B | ||
| Q3 25 | $500.2M | $1.8B | ||
| Q2 25 | $481.8M | $1.8B | ||
| Q1 25 | $487.9M | $1.7B | ||
| Q4 24 | $522.1M | $1.7B | ||
| Q3 24 | $506.4M | $1.7B | ||
| Q2 24 | $480.0M | $1.7B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $1.2B | $5.8B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.2B | $4.5B | ||
| Q4 24 | $1.2B | $4.4B | ||
| Q3 24 | $917.1M | $4.6B | ||
| Q2 24 | $889.0M | $4.2B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | 7.8% | 4.6% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-664.3M | ||
| Q3 25 | $57.1M | $-948.1M | ||
| Q2 25 | $-19.8M | $-238.5M | ||
| Q1 25 | $30.0M | $-281.1M | ||
| Q4 24 | $31.0M | $129.4M | ||
| Q3 24 | $58.7M | $-202.0M | ||
| Q2 24 | $5.5M | $-237.8M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-680.1M | ||
| Q3 25 | $52.4M | $-950.4M | ||
| Q2 25 | $-26.9M | $-241.0M | ||
| Q1 25 | $19.1M | $-284.7M | ||
| Q4 24 | $22.0M | $116.4M | ||
| Q3 24 | $50.2M | $-204.0M | ||
| Q2 24 | $-1.8M | $-241.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -200.0% | ||
| Q3 25 | 14.6% | -281.5% | ||
| Q2 25 | -7.8% | -75.5% | ||
| Q1 25 | 5.5% | -120.0% | ||
| Q4 24 | 6.4% | 34.1% | ||
| Q3 24 | 14.7% | -69.8% | ||
| Q2 24 | -0.5% | -89.3% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 4.6% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 2.1% | 0.8% | ||
| Q1 25 | 3.2% | 1.5% | ||
| Q4 24 | 2.6% | 3.8% | ||
| Q3 24 | 2.5% | 0.7% | ||
| Q2 24 | 2.2% | 1.4% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | 12.08× | -102.07× | ||
| Q4 24 | 1.48× | 2.89× | ||
| Q3 24 | 1.92× | -7.01× | ||
| Q2 24 | 0.18× | -10.49× |
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% |
WD
Segment breakdown not available.
