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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Wendy's Co (WEN). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($543.0M vs $351.4M, roughly 1.5× APOGEE ENTERPRISES, INC.). Wendy's Co runs the higher net margin — 4.9% vs 4.7%, a 0.1% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -5.5%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs 0.8%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
APOG vs WEN — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $543.0M |
| Net Profit | $16.6M | $26.5M |
| Gross Margin | 22.4% | 62.7% |
| Operating Margin | 7.3% | 11.8% |
| Net Margin | 4.7% | 4.9% |
| Revenue YoY | 1.6% | -5.5% |
| Net Profit YoY | 568.8% | -44.2% |
| EPS (diluted) | $0.78 | $0.14 |
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 | $543.0M | ||
| Q3 25 | $358.2M | $549.5M | ||
| Q2 25 | $346.6M | $560.9M | ||
| Q1 25 | $345.7M | $523.5M | ||
| Q4 24 | $341.3M | $574.3M | ||
| Q3 24 | $342.4M | $566.7M | ||
| Q2 24 | $331.5M | $570.7M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $26.5M | ||
| Q3 25 | $23.6M | $44.3M | ||
| Q2 25 | $-2.7M | $55.1M | ||
| Q1 25 | $2.5M | $39.2M | ||
| Q4 24 | $21.0M | $47.5M | ||
| Q3 24 | $30.6M | $50.2M | ||
| Q2 24 | $31.0M | $54.6M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 62.7% | ||
| Q3 25 | 23.1% | 62.8% | ||
| Q2 25 | 21.7% | 65.0% | ||
| Q1 25 | 21.6% | 64.1% | ||
| Q4 24 | 26.1% | 65.9% | ||
| Q3 24 | 28.4% | 65.5% | ||
| Q2 24 | 29.8% | 65.0% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 11.8% | ||
| Q3 25 | 7.5% | 16.8% | ||
| Q2 25 | 2.0% | 18.6% | ||
| Q1 25 | 1.8% | 15.9% | ||
| Q4 24 | 8.4% | 16.7% | ||
| Q3 24 | 12.3% | 16.7% | ||
| Q2 24 | 12.5% | 17.4% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 4.9% | ||
| Q3 25 | 6.6% | 8.1% | ||
| Q2 25 | -0.8% | 9.8% | ||
| Q1 25 | 0.7% | 7.5% | ||
| Q4 24 | 6.1% | 8.3% | ||
| Q3 24 | 8.9% | 8.9% | ||
| Q2 24 | 9.4% | 9.6% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.14 | ||
| Q3 25 | $1.10 | $0.23 | ||
| Q2 25 | $-0.13 | $0.29 | ||
| Q1 25 | $0.12 | $0.19 | ||
| Q4 24 | $0.96 | $0.23 | ||
| Q3 24 | $1.40 | $0.25 | ||
| 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 | $300.8M |
| Total DebtLower is stronger | $232.3M | $2.8B |
| Stockholders' EquityBook value | $511.8M | $117.4M |
| Total Assets | $1.1B | $5.0B |
| Debt / EquityLower = less leverage | 0.45× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $300.8M | ||
| Q3 25 | $39.5M | $291.4M | ||
| Q2 25 | $32.8M | $281.2M | ||
| Q1 25 | $41.4M | $335.3M | ||
| Q4 24 | $43.9M | $450.5M | ||
| Q3 24 | $51.0M | $482.2M | ||
| Q2 24 | $30.4M | $465.5M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | $285.0M | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $117.4M | ||
| Q3 25 | $500.2M | $109.2M | ||
| Q2 25 | $481.8M | $112.9M | ||
| Q1 25 | $487.9M | $130.2M | ||
| Q4 24 | $522.1M | $259.4M | ||
| Q3 24 | $506.4M | $259.9M | ||
| Q2 24 | $480.0M | $273.8M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.0B | ||
| Q3 25 | $1.2B | $5.0B | ||
| Q2 25 | $1.2B | $4.9B | ||
| Q1 25 | $1.2B | $4.9B | ||
| Q4 24 | $1.2B | $5.0B | ||
| Q3 24 | $917.1M | $5.1B | ||
| Q2 24 | $889.0M | $5.1B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | 0.58× | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| 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 | $69.3M |
| Free Cash FlowOCF − Capex | — | $31.4M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | 7.8% | 7.0% |
| Cash ConversionOCF / Net Profit | 7.37× | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $69.3M | ||
| Q3 25 | $57.1M | $129.3M | ||
| Q2 25 | $-19.8M | $60.6M | ||
| Q1 25 | $30.0M | $85.4M | ||
| Q4 24 | $31.0M | $68.6M | ||
| Q3 24 | $58.7M | $141.2M | ||
| Q2 24 | $5.5M | $45.5M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $31.4M | ||
| Q3 25 | $52.4M | $104.3M | ||
| Q2 25 | $-26.9M | $39.2M | ||
| Q1 25 | $19.1M | $67.7M | ||
| Q4 24 | $22.0M | $26.6M | ||
| Q3 24 | $50.2M | $123.3M | ||
| Q2 24 | $-1.8M | $28.4M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 5.8% | ||
| Q3 25 | 14.6% | 19.0% | ||
| Q2 25 | -7.8% | 7.0% | ||
| Q1 25 | 5.5% | 12.9% | ||
| Q4 24 | 6.4% | 4.6% | ||
| Q3 24 | 14.7% | 21.8% | ||
| Q2 24 | -0.5% | 5.0% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 7.0% | ||
| Q3 25 | 1.3% | 4.5% | ||
| Q2 25 | 2.1% | 3.8% | ||
| Q1 25 | 3.2% | 3.4% | ||
| Q4 24 | 2.6% | 7.3% | ||
| Q3 24 | 2.5% | 3.2% | ||
| Q2 24 | 2.2% | 3.0% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.62× | ||
| Q3 25 | 2.41× | 2.92× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | 12.08× | 2.18× | ||
| Q4 24 | 1.48× | 1.44× | ||
| Q3 24 | 1.92× | 2.81× | ||
| Q2 24 | 0.18× | 0.83× |
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% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
