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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Wingstop Inc. (WING). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $183.7M, roughly 1.9× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 4.7%, a 11.5% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 1.6%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
APOG vs WING — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $183.7M |
| Net Profit | $16.6M | $29.9M |
| Gross Margin | 22.4% | 86.5% |
| Operating Margin | 7.3% | 27.4% |
| Net Margin | 4.7% | 16.3% |
| Revenue YoY | 1.6% | 7.4% |
| Net Profit YoY | 568.8% | — |
| EPS (diluted) | $0.78 | $1.08 |
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 | $183.7M | ||
| Q4 25 | $348.6M | $175.7M | ||
| Q3 25 | $358.2M | $175.7M | ||
| Q2 25 | $346.6M | $174.3M | ||
| Q1 25 | $345.7M | $171.1M | ||
| Q4 24 | $341.3M | $161.8M | ||
| Q3 24 | $342.4M | $162.5M | ||
| Q2 24 | $331.5M | $155.7M |
| Q1 26 | $16.6M | $29.9M | ||
| Q4 25 | $16.5M | $26.8M | ||
| Q3 25 | $23.6M | $28.5M | ||
| Q2 25 | $-2.7M | $26.8M | ||
| Q1 25 | $2.5M | $92.3M | ||
| Q4 24 | $21.0M | $26.8M | ||
| Q3 24 | $30.6M | $25.7M | ||
| Q2 24 | $31.0M | $27.5M |
| Q1 26 | 22.4% | 86.5% | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | 85.6% | ||
| Q3 24 | 28.4% | 85.0% | ||
| Q2 24 | 29.8% | 85.4% |
| Q1 26 | 7.3% | 27.4% | ||
| Q4 25 | 7.1% | 26.7% | ||
| Q3 25 | 7.5% | 27.9% | ||
| Q2 25 | 2.0% | 25.9% | ||
| Q1 25 | 1.8% | 22.4% | ||
| Q4 24 | 8.4% | 25.9% | ||
| Q3 24 | 12.3% | 24.5% | ||
| Q2 24 | 12.5% | 26.5% |
| Q1 26 | 4.7% | 16.3% | ||
| Q4 25 | 4.7% | 15.2% | ||
| Q3 25 | 6.6% | 16.2% | ||
| Q2 25 | -0.8% | 15.4% | ||
| Q1 25 | 0.7% | 53.9% | ||
| Q4 24 | 6.1% | 16.5% | ||
| Q3 24 | 8.9% | 15.8% | ||
| Q2 24 | 9.4% | 17.7% |
| Q1 26 | $0.78 | $1.08 | ||
| Q4 25 | $0.77 | $0.99 | ||
| Q3 25 | $1.10 | $1.02 | ||
| Q2 25 | $-0.13 | $0.96 | ||
| Q1 25 | $0.12 | $3.24 | ||
| Q4 24 | $0.96 | $0.91 | ||
| Q3 24 | $1.40 | $0.88 | ||
| Q2 24 | $1.41 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | — |
| Total Assets | $1.1B | $648.9M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $128.8M | ||
| Q4 25 | $41.3M | $196.6M | ||
| Q3 25 | $39.5M | $237.6M | ||
| Q2 25 | $32.8M | $227.9M | ||
| Q1 25 | $41.4M | $251.4M | ||
| Q4 24 | $43.9M | $315.9M | ||
| Q3 24 | $51.0M | $84.0M | ||
| Q2 24 | $30.4M | $96.7M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $-736.8M | ||
| Q3 25 | $500.2M | $-702.6M | ||
| Q2 25 | $481.8M | $-686.0M | ||
| Q1 25 | $487.9M | $-715.0M | ||
| Q4 24 | $522.1M | $-675.6M | ||
| Q3 24 | $506.4M | $-447.5M | ||
| Q2 24 | $480.0M | $-437.5M |
| Q1 26 | $1.1B | $648.9M | ||
| Q4 25 | $1.1B | $693.4M | ||
| Q3 25 | $1.2B | $721.0M | ||
| Q2 25 | $1.2B | $708.3M | ||
| Q1 25 | $1.2B | $696.8M | ||
| Q4 24 | $1.2B | $716.2M | ||
| Q3 24 | $917.1M | $484.8M | ||
| Q2 24 | $889.0M | $451.8M |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $57.3M | ||
| Q3 25 | $57.1M | $63.9M | ||
| Q2 25 | $-19.8M | $6.6M | ||
| Q1 25 | $30.0M | $25.3M | ||
| Q4 24 | $31.0M | $7.7M | ||
| Q3 24 | $58.7M | $69.0M | ||
| Q2 24 | $5.5M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $34.5M | ||
| Q3 25 | $52.4M | $61.7M | ||
| Q2 25 | $-26.9M | $-7.8M | ||
| Q1 25 | $19.1M | $17.3M | ||
| Q4 24 | $22.0M | $-8.6M | ||
| Q3 24 | $50.2M | $54.9M | ||
| Q2 24 | $-1.8M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 19.6% | ||
| Q3 25 | 14.6% | 35.1% | ||
| Q2 25 | -7.8% | -4.5% | ||
| Q1 25 | 5.5% | 10.1% | ||
| Q4 24 | 6.4% | -5.3% | ||
| Q3 24 | 14.7% | 33.8% | ||
| Q2 24 | -0.5% | 16.6% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 13.0% | ||
| Q3 25 | 1.3% | 1.3% | ||
| Q2 25 | 2.1% | 8.2% | ||
| Q1 25 | 3.2% | 4.7% | ||
| Q4 24 | 2.6% | 10.1% | ||
| Q3 24 | 2.5% | 8.7% | ||
| Q2 24 | 2.2% | 6.6% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.14× | ||
| Q3 25 | 2.41× | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | 12.08× | 0.27× | ||
| Q4 24 | 1.48× | 0.29× | ||
| Q3 24 | 1.92× | 2.68× | ||
| Q2 24 | 0.18× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
