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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $249.0M, roughly 1.4× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 4.7%, a 6.5% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -15.3%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -1.6%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
APOG vs XIFR — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $249.0M |
| Net Profit | $16.6M | $28.0M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | -19.3% |
| Net Margin | 4.7% | 11.2% |
| Revenue YoY | 1.6% | -15.3% |
| Net Profit YoY | 568.8% | 124.3% |
| EPS (diluted) | $0.78 | — |
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 | $249.0M | ||
| Q3 25 | $358.2M | $315.0M | ||
| Q2 25 | $346.6M | $342.0M | ||
| Q1 25 | $345.7M | $282.0M | ||
| Q4 24 | $341.3M | $294.0M | ||
| Q3 24 | $342.4M | $319.0M | ||
| Q2 24 | $331.5M | $360.0M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $28.0M | ||
| Q3 25 | $23.6M | $-37.0M | ||
| Q2 25 | $-2.7M | $79.0M | ||
| Q1 25 | $2.5M | $-98.0M | ||
| Q4 24 | $21.0M | $-115.0M | ||
| Q3 24 | $30.6M | $-40.0M | ||
| Q2 24 | $31.0M | $62.0M |
| 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% | -19.3% | ||
| Q3 25 | 7.5% | 1.6% | ||
| Q2 25 | 2.0% | 26.3% | ||
| Q1 25 | 1.8% | -82.6% | ||
| Q4 24 | 8.4% | -188.1% | ||
| Q3 24 | 12.3% | 15.4% | ||
| Q2 24 | 12.5% | 18.3% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 11.2% | ||
| Q3 25 | 6.6% | -11.7% | ||
| Q2 25 | -0.8% | 23.1% | ||
| Q1 25 | 0.7% | -34.8% | ||
| Q4 24 | 6.1% | -39.1% | ||
| Q3 24 | 8.9% | -12.5% | ||
| Q2 24 | 9.4% | 17.2% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $1.10 | $-0.40 | ||
| Q2 25 | $-0.13 | $0.84 | ||
| Q1 25 | $0.12 | $-1.05 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | $-0.43 | ||
| Q2 24 | $1.41 | $0.66 |
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 | $960.0M |
| Total DebtLower is stronger | $232.3M | $6.2B |
| Stockholders' EquityBook value | $511.8M | $10.9B |
| Total Assets | $1.1B | $19.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $960.0M | ||
| Q3 25 | $39.5M | $711.0M | ||
| Q2 25 | $32.8M | $880.0M | ||
| Q1 25 | $41.4M | $1.5B | ||
| Q4 24 | $43.9M | $283.0M | ||
| Q3 24 | $51.0M | $290.0M | ||
| Q2 24 | $30.4M | $281.0M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $10.9B | ||
| Q3 25 | $500.2M | $11.0B | ||
| Q2 25 | $481.8M | $11.3B | ||
| Q1 25 | $487.9M | $12.6B | ||
| Q4 24 | $522.1M | $12.9B | ||
| Q3 24 | $506.4M | $13.6B | ||
| Q2 24 | $480.0M | $13.9B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $19.6B | ||
| Q3 25 | $1.2B | $19.1B | ||
| Q2 25 | $1.2B | $20.5B | ||
| Q1 25 | $1.2B | $21.4B | ||
| Q4 24 | $1.2B | $20.3B | ||
| Q3 24 | $917.1M | $20.9B | ||
| Q2 24 | $889.0M | $21.7B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | 7.8% | 110.0% |
| Cash ConversionOCF / Net Profit | 7.37× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $186.0M | ||
| Q3 25 | $57.1M | $231.0M | ||
| Q2 25 | $-19.8M | $232.0M | ||
| Q1 25 | $30.0M | $90.0M | ||
| Q4 24 | $31.0M | $283.0M | ||
| Q3 24 | $58.7M | $208.0M | ||
| Q2 24 | $5.5M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-88.0M | ||
| Q3 25 | $52.4M | $-283.0M | ||
| Q2 25 | $-26.9M | $151.0M | ||
| Q1 25 | $19.1M | $1.0M | ||
| Q4 24 | $22.0M | $231.0M | ||
| Q3 24 | $50.2M | $152.0M | ||
| Q2 24 | $-1.8M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -35.3% | ||
| Q3 25 | 14.6% | -89.8% | ||
| Q2 25 | -7.8% | 44.2% | ||
| Q1 25 | 5.5% | 0.4% | ||
| Q4 24 | 6.4% | 78.6% | ||
| Q3 24 | 14.7% | 47.6% | ||
| Q2 24 | -0.5% | 45.0% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 110.0% | ||
| Q3 25 | 1.3% | 163.2% | ||
| Q2 25 | 2.1% | 23.7% | ||
| Q1 25 | 3.2% | 31.6% | ||
| Q4 24 | 2.6% | 17.7% | ||
| Q3 24 | 2.5% | 17.6% | ||
| Q2 24 | 2.2% | 19.2% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 6.64× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | 2.94× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | 3.73× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
