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APOGEE ENTERPRISES, INC.（APOG）与CASELLA WASTE SYSTEMS INC（CWST）财务数据对比。点击上方公司名可切换其他公司
CASELLA WASTE SYSTEMS INC的季度营收约是APOGEE ENTERPRISES, INC.的1.6倍（$557.2M vs $351.4M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -1.0%，领先5.7%），CASELLA WASTE SYSTEMS INC同比增速更快（9.6% vs 1.6%），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
APOG vs CWST — 直观对比
营收规模更大
CWST
是对方的1.6倍
$351.4M
营收增速更快
CWST
高出8.0%
1.6%
净利率更高
APOG
高出5.7%
-1.0%
两年增速更快
CWST
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $557.2M |
| 净利润 | $16.6M | $-5.5M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 0.9% |
| 净利率 | 4.7% | -1.0% |
| 营收同比 | 1.6% | 9.6% |
| 净利润同比 | 568.8% | -15.2% |
| 每股收益（稀释后） | $0.78 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APOGCWST
| Q1 26 | $351.4M | $557.2M | ||
| Q4 25 | $348.6M | $469.1M | ||
| Q3 25 | $358.2M | $485.4M | ||
| Q2 25 | $346.6M | $465.3M | ||
| Q1 25 | $345.7M | $417.1M | ||
| Q4 24 | $341.3M | $427.5M | ||
| Q3 24 | $342.4M | $411.6M | ||
| Q2 24 | $331.5M | $377.2M |
净利润APOGCWST
| Q1 26 | $16.6M | $-5.5M | ||
| Q4 25 | $16.5M | $-2.5M | ||
| Q3 25 | $23.6M | $10.0M | ||
| Q2 25 | $-2.7M | $5.2M | ||
| Q1 25 | $2.5M | $-4.8M | ||
| Q4 24 | $21.0M | $4.9M | ||
| Q3 24 | $30.6M | $5.8M | ||
| Q2 24 | $31.0M | $7.0M |
毛利率APOGCWST
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 33.3% | ||
| Q3 25 | 23.1% | 35.0% | ||
| Q2 25 | 21.7% | 33.8% | ||
| Q1 25 | 21.6% | 32.8% | ||
| Q4 24 | 26.1% | 33.2% | ||
| Q3 24 | 28.4% | 35.1% | ||
| Q2 24 | 29.8% | 35.4% |
营业利润率APOGCWST
| Q1 26 | 7.3% | 0.9% | ||
| Q4 25 | 7.1% | 2.5% | ||
| Q3 25 | 7.5% | 6.1% | ||
| Q2 25 | 2.0% | 4.1% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 8.4% | 4.3% | ||
| Q3 24 | 12.3% | 5.9% | ||
| Q2 24 | 12.5% | 6.1% |
净利率APOGCWST
| Q1 26 | 4.7% | -1.0% | ||
| Q4 25 | 4.7% | -0.5% | ||
| Q3 25 | 6.6% | 2.1% | ||
| Q2 25 | -0.8% | 1.1% | ||
| Q1 25 | 0.7% | -1.2% | ||
| Q4 24 | 6.1% | 1.1% | ||
| Q3 24 | 8.9% | 1.4% | ||
| Q2 24 | 9.4% | 1.9% |
每股收益（稀释后）APOGCWST
| Q1 26 | $0.78 | $-0.09 | ||
| Q4 25 | $0.77 | $-0.04 | ||
| Q3 25 | $1.10 | $0.16 | ||
| Q2 25 | $-0.13 | $0.08 | ||
| Q1 25 | $0.12 | $-0.08 | ||
| Q4 24 | $0.96 | $0.08 | ||
| Q3 24 | $1.40 | $0.10 | ||
| Q2 24 | $1.41 | $0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $39.5M | $126.9M |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | $1.6B |
| 总资产 | $1.1B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资APOGCWST
| Q1 26 | $39.5M | $126.9M | ||
| Q4 25 | $41.3M | $123.8M | ||
| Q3 25 | $39.5M | $192.7M | ||
| Q2 25 | $32.8M | $217.8M | ||
| Q1 25 | $41.4M | $267.7M | ||
| Q4 24 | $43.9M | $358.3M | ||
| Q3 24 | $51.0M | $519.0M | ||
| Q2 24 | $30.4M | $208.5M |
总债务APOGCWST
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $285.0M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $976.6M |
股东权益APOGCWST
| Q1 26 | $511.8M | $1.6B | ||
| Q4 25 | $512.3M | $1.6B | ||
| Q3 25 | $500.2M | $1.6B | ||
| Q2 25 | $481.8M | $1.6B | ||
| Q1 25 | $487.9M | $1.5B | ||
| Q4 24 | $522.1M | $1.6B | ||
| Q3 24 | $506.4M | $1.5B | ||
| Q2 24 | $480.0M | $1.0B |
总资产APOGCWST
| Q1 26 | $1.1B | $3.3B | ||
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.2B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.2B | ||
| Q3 24 | $917.1M | $3.1B | ||
| Q2 24 | $889.0M | $2.5B |
负债/权益比APOGCWST
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.72× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | 0.58× | 0.72× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.94× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $122.5M | $62.3M |
| 自由现金流经营现金流 - 资本支出 | — | $30.7M |
| 自由现金流率自由现金流/营收 | — | 5.5% |
| 资本支出强度资本支出/营收 | 7.8% | 9.0% |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | $120.7M |
8季度趋势，按日历期对齐
经营现金流APOGCWST
| Q1 26 | $122.5M | $62.3M | ||
| Q4 25 | $29.3M | $96.6M | ||
| Q3 25 | $57.1M | $93.6M | ||
| Q2 25 | $-19.8M | $89.5M | ||
| Q1 25 | $30.0M | $50.1M | ||
| Q4 24 | $31.0M | $109.8M | ||
| Q3 24 | $58.7M | $91.8M | ||
| Q2 24 | $5.5M | $72.1M |
自由现金流APOGCWST
| Q1 26 | — | $30.7M | ||
| Q4 25 | $22.9M | $39.3M | ||
| Q3 25 | $52.4M | $27.6M | ||
| Q2 25 | $-26.9M | $23.1M | ||
| Q1 25 | $19.1M | $-5.4M | ||
| Q4 24 | $22.0M | $32.9M | ||
| Q3 24 | $50.2M | $40.4M | ||
| Q2 24 | $-1.8M | $27.5M |
自由现金流率APOGCWST
| Q1 26 | — | 5.5% | ||
| Q4 25 | 6.6% | 8.4% | ||
| Q3 25 | 14.6% | 5.7% | ||
| Q2 25 | -7.8% | 5.0% | ||
| Q1 25 | 5.5% | -1.3% | ||
| Q4 24 | 6.4% | 7.7% | ||
| Q3 24 | 14.7% | 9.8% | ||
| Q2 24 | -0.5% | 7.3% |
资本支出强度APOGCWST
| Q1 26 | 7.8% | 9.0% | ||
| Q4 25 | 1.9% | 12.2% | ||
| Q3 25 | 1.3% | 13.6% | ||
| Q2 25 | 2.1% | 14.3% | ||
| Q1 25 | 3.2% | 13.3% | ||
| Q4 24 | 2.6% | 18.0% | ||
| Q3 24 | 2.5% | 12.5% | ||
| Q2 24 | 2.2% | 11.8% |
现金转化率APOGCWST
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | 9.37× | ||
| Q2 25 | — | 17.19× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | 22.51× | ||
| Q3 24 | 1.92× | 15.91× | ||
| Q2 24 | 0.18× | 10.29× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
CWST
| Collection | $334.8M | 60% |
| Transfer station | $65.9M | 12% |
| Processing (ii) | $49.0M | 9% |
| Landfill | $48.0M | 9% |
| National Accounts (ii) | $45.6M | 8% |
| Transportation | $8.2M | 1% |
| Landfill gas-to-energy | $2.9M | 1% |
