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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $348.6M, roughly 1.5× APOGEE ENTERPRISES, INC.). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs 4.7%, a 1.4% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 2.1%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $22.9M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs -1.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
APOG vs WWW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $517.5M |
| Net Profit | $16.5M | $31.8M |
| Gross Margin | 23.8% | 47.3% |
| Operating Margin | 7.1% | 9.7% |
| Net Margin | 4.7% | 6.1% |
| Revenue YoY | 2.1% | 25.5% |
| Net Profit YoY | -21.2% | 162.8% |
| EPS (diluted) | $0.77 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $348.6M | — | ||
| Q3 25 | $358.2M | $470.3M | ||
| Q2 25 | $346.6M | $474.2M | ||
| Q1 25 | $345.7M | $412.3M | ||
| Q4 24 | $341.3M | $494.7M | ||
| Q3 24 | $342.4M | $440.2M | ||
| Q2 24 | $331.5M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $25.1M | ||
| Q2 25 | $-2.7M | $26.8M | ||
| Q1 25 | $2.5M | $12.1M | ||
| Q4 24 | $21.0M | $23.1M | ||
| Q3 24 | $30.6M | $23.2M | ||
| Q2 24 | $31.0M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | 47.5% | ||
| Q2 25 | 21.7% | 47.2% | ||
| Q1 25 | 21.6% | 47.2% | ||
| Q4 24 | 26.1% | 43.4% | ||
| Q3 24 | 28.4% | 45.1% | ||
| Q2 24 | 29.8% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | 8.4% | ||
| Q2 25 | 2.0% | 8.6% | ||
| Q1 25 | 1.8% | 4.8% | ||
| Q4 24 | 8.4% | 7.4% | ||
| Q3 24 | 12.3% | 7.9% | ||
| Q2 24 | 12.5% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | 5.3% | ||
| Q2 25 | -0.8% | 5.7% | ||
| Q1 25 | 0.7% | 2.9% | ||
| Q4 24 | 6.1% | 4.7% | ||
| Q3 24 | 8.9% | 5.3% | ||
| Q2 24 | 9.4% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $1.10 | $0.30 | ||
| Q2 25 | $-0.13 | $0.32 | ||
| Q1 25 | $0.12 | $0.15 | ||
| Q4 24 | $0.96 | $0.29 | ||
| Q3 24 | $1.40 | $0.28 | ||
| Q2 24 | $1.41 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $512.3M | $408.0M |
| Total Assets | $1.1B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | $285.0M | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $512.3M | — | ||
| Q3 25 | $500.2M | $376.7M | ||
| Q2 25 | $481.8M | $344.0M | ||
| Q1 25 | $487.9M | $310.6M | ||
| Q4 24 | $522.1M | $312.9M | ||
| Q3 24 | $506.4M | $295.2M | ||
| Q2 24 | $480.0M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $917.1M | $1.8B | ||
| Q2 24 | $889.0M | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | 0.58× | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $29.3M | $146.2M |
| Free Cash FlowOCF − Capex | $22.9M | $145.6M |
| FCF MarginFCF / Revenue | 6.6% | 28.1% |
| Capex IntensityCapex / Revenue | 1.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.77× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $29.3M | — | ||
| Q3 25 | $57.1M | $33.0M | ||
| Q2 25 | $-19.8M | $44.6M | ||
| Q1 25 | $30.0M | $-83.8M | ||
| Q4 24 | $31.0M | $82.4M | ||
| Q3 24 | $58.7M | $108.2M | ||
| Q2 24 | $5.5M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $30.1M | ||
| Q2 25 | $-26.9M | $41.2M | ||
| Q1 25 | $19.1M | $-91.4M | ||
| Q4 24 | $22.0M | $74.4M | ||
| Q3 24 | $50.2M | $104.1M | ||
| Q2 24 | $-1.8M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | 6.4% | ||
| Q2 25 | -7.8% | 8.7% | ||
| Q1 25 | 5.5% | -22.2% | ||
| Q4 24 | 6.4% | 15.0% | ||
| Q3 24 | 14.7% | 23.6% | ||
| Q2 24 | -0.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 2.1% | 0.7% | ||
| Q1 25 | 3.2% | 1.8% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 2.5% | 0.9% | ||
| Q2 24 | 2.2% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 1.31× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | 12.08× | -6.93× | ||
| Q4 24 | 1.48× | 3.57× | ||
| Q3 24 | 1.92× | 4.66× | ||
| Q2 24 | 0.18× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
