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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $351.4M, roughly 1.6× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -33.1%, a 37.8% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -6.1%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -1.8%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
APOG vs WSC — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $566.0M |
| Net Profit | $16.6M | $-187.3M |
| Gross Margin | 22.4% | 50.4% |
| Operating Margin | 7.3% | -32.5% |
| Net Margin | 4.7% | -33.1% |
| Revenue YoY | 1.6% | -6.1% |
| Net Profit YoY | 568.8% | -310.0% |
| EPS (diluted) | $0.78 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $358.2M | $566.8M | ||
| Q2 25 | $346.6M | $589.1M | ||
| Q1 25 | $345.7M | $559.6M | ||
| Q4 24 | $341.3M | $602.5M | ||
| Q3 24 | $342.4M | $601.4M | ||
| Q2 24 | $331.5M | $604.6M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-187.3M | ||
| Q3 25 | $23.6M | $43.3M | ||
| Q2 25 | $-2.7M | $47.9M | ||
| Q1 25 | $2.5M | $43.1M | ||
| Q4 24 | $21.0M | $89.2M | ||
| Q3 24 | $30.6M | $-70.5M | ||
| Q2 24 | $31.0M | $-46.9M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 50.4% | ||
| Q3 25 | 23.1% | 49.7% | ||
| Q2 25 | 21.7% | 50.3% | ||
| Q1 25 | 21.6% | 53.7% | ||
| Q4 24 | 26.1% | 55.8% | ||
| Q3 24 | 28.4% | 53.5% | ||
| Q2 24 | 29.8% | 54.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -32.5% | ||
| Q3 25 | 7.5% | 21.0% | ||
| Q2 25 | 2.0% | 21.5% | ||
| Q1 25 | 1.8% | 21.3% | ||
| Q4 24 | 8.4% | 28.9% | ||
| Q3 24 | 12.3% | -5.9% | ||
| Q2 24 | 12.5% | -0.9% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -33.1% | ||
| Q3 25 | 6.6% | 7.6% | ||
| Q2 25 | -0.8% | 8.1% | ||
| Q1 25 | 0.7% | 7.7% | ||
| Q4 24 | 6.1% | 14.8% | ||
| Q3 24 | 8.9% | -11.7% | ||
| Q2 24 | 9.4% | -7.7% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-1.02 | ||
| Q3 25 | $1.10 | $0.24 | ||
| Q2 25 | $-0.13 | $0.26 | ||
| Q1 25 | $0.12 | $0.23 | ||
| Q4 24 | $0.96 | $0.48 | ||
| Q3 24 | $1.40 | $-0.37 | ||
| Q2 24 | $1.41 | $-0.25 |
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 | $14.6M |
| Total DebtLower is stronger | $232.3M | $3.6B |
| Stockholders' EquityBook value | $511.8M | $856.3M |
| Total Assets | $1.1B | $5.8B |
| Debt / EquityLower = less leverage | 0.45× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $14.6M | ||
| Q3 25 | $39.5M | $14.8M | ||
| Q2 25 | $32.8M | $12.8M | ||
| Q1 25 | $41.4M | $10.7M | ||
| Q4 24 | $43.9M | $9.0M | ||
| Q3 24 | $51.0M | $11.0M | ||
| Q2 24 | $30.4M | $5.9M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | $285.0M | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $856.3M | ||
| Q3 25 | $500.2M | $1.1B | ||
| Q2 25 | $481.8M | $1.0B | ||
| Q1 25 | $487.9M | $1.0B | ||
| Q4 24 | $522.1M | $1.0B | ||
| Q3 24 | $506.4M | $1.1B | ||
| Q2 24 | $480.0M | $1.2B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $1.2B | $6.1B | ||
| Q2 25 | $1.2B | $6.1B | ||
| Q1 25 | $1.2B | $6.0B | ||
| Q4 24 | $1.2B | $6.0B | ||
| Q3 24 | $917.1M | $6.0B | ||
| Q2 24 | $889.0M | $6.0B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | 0.58× | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | 7.8% | 1.6% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $158.9M | ||
| Q3 25 | $57.1M | $191.2M | ||
| Q2 25 | $-19.8M | $205.3M | ||
| Q1 25 | $30.0M | $206.6M | ||
| Q4 24 | $31.0M | $178.9M | ||
| Q3 24 | $58.7M | $-1.6M | ||
| Q2 24 | $5.5M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $149.7M | ||
| Q3 25 | $52.4M | $186.9M | ||
| Q2 25 | $-26.9M | $199.0M | ||
| Q1 25 | $19.1M | $202.0M | ||
| Q4 24 | $22.0M | $176.6M | ||
| Q3 24 | $50.2M | $-4.9M | ||
| Q2 24 | $-1.8M | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 26.5% | ||
| Q3 25 | 14.6% | 33.0% | ||
| Q2 25 | -7.8% | 33.8% | ||
| Q1 25 | 5.5% | 36.1% | ||
| Q4 24 | 6.4% | 29.3% | ||
| Q3 24 | 14.7% | -0.8% | ||
| Q2 24 | -0.5% | 28.0% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 3.2% | 0.8% | ||
| Q4 24 | 2.6% | 0.4% | ||
| Q3 24 | 2.5% | 0.6% | ||
| Q2 24 | 2.2% | 1.0% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | 12.08× | 4.80× | ||
| Q4 24 | 1.48× | 2.01× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
