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APOGEE ENTERPRISES, INC.（APOG）与GCM Grosvenor Inc.（GCMG）财务数据对比。点击上方公司名可切换其他公司
APOGEE ENTERPRISES, INC.的季度营收约是GCM Grosvenor Inc.的2.0倍（$351.4M vs $177.1M），GCM Grosvenor Inc.净利率更高（32.8% vs 4.7%，领先28.1%），GCM Grosvenor Inc.同比增速更快（7.2% vs 1.6%），过去两年GCM Grosvenor Inc.的营收复合增速更高（27.5% 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。
GCM Grosvenor是美国头部另类资产管理机构，截至2023年资产管理规模约760亿美元，拥有约530名专业人士，为全球机构及个人投资者提供定制化另类投资解决方案，覆盖私募股权、对冲基金、房地产、基础设施等多元资产类别。
APOG vs GCMG — 直观对比
营收规模更大
APOG
是对方的2.0倍
$177.1M
营收增速更快
GCMG
高出5.6%
1.6%
净利率更高
GCMG
高出28.1%
4.7%
两年增速更快
GCMG
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $177.1M |
| 净利润 | $16.6M | $58.2M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 30.9% |
| 净利率 | 4.7% | 32.8% |
| 营收同比 | 1.6% | 7.2% |
| 净利润同比 | 568.8% | 149.2% |
| 每股收益（稀释后） | $0.78 | $0.23 |
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APOGGCMG
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $177.1M | ||
| Q3 25 | $358.2M | $135.0M | ||
| Q2 25 | $346.6M | $119.7M | ||
| Q1 25 | $345.7M | $125.8M | ||
| Q4 24 | $341.3M | $165.3M | ||
| Q3 24 | $342.4M | $122.9M | ||
| Q2 24 | $331.5M | $117.0M |
净利润APOGGCMG
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $58.2M | ||
| Q3 25 | $23.6M | $10.5M | ||
| Q2 25 | $-2.7M | $15.4M | ||
| Q1 25 | $2.5M | $463.0K | ||
| Q4 24 | $21.0M | $7.6M | ||
| Q3 24 | $30.6M | $4.2M | ||
| Q2 24 | $31.0M | $4.8M |
毛利率APOGGCMG
| 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% | — |
营业利润率APOGGCMG
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 30.9% | ||
| Q3 25 | 7.5% | 32.7% | ||
| Q2 25 | 2.0% | 16.1% | ||
| Q1 25 | 1.8% | 12.2% | ||
| Q4 24 | 8.4% | 26.4% | ||
| Q3 24 | 12.3% | 20.3% | ||
| Q2 24 | 12.5% | 17.8% |
净利率APOGGCMG
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 32.8% | ||
| Q3 25 | 6.6% | 7.8% | ||
| Q2 25 | -0.8% | 12.9% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 6.1% | 4.6% | ||
| Q3 24 | 8.9% | 3.4% | ||
| Q2 24 | 9.4% | 4.1% |
每股收益（稀释后）APOGGCMG
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.23 | ||
| Q3 25 | $1.10 | $0.16 | ||
| Q2 25 | $-0.13 | $0.05 | ||
| Q1 25 | $0.12 | $-0.02 | ||
| Q4 24 | $0.96 | $0.09 | ||
| Q3 24 | $1.40 | $0.03 | ||
| Q2 24 | $1.41 | $0.04 |
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 | $242.1M |
| 总债务越低越好 | $232.3M | $428.4M |
| 股东权益账面价值 | $511.8M | $27.0M |
| 总资产 | $1.1B | $813.8M |
| 负债/权益比越低杠杆越低 | 0.45× | 15.87× |
8季度趋势，按日历期对齐
现金及短期投资APOGGCMG
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $242.1M | ||
| Q3 25 | $39.5M | $182.7M | ||
| Q2 25 | $32.8M | $136.3M | ||
| Q1 25 | $41.4M | $94.5M | ||
| Q4 24 | $43.9M | $89.5M | ||
| Q3 24 | $51.0M | $98.4M | ||
| Q2 24 | $30.4M | $73.9M |
总债务APOGGCMG
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | $285.0M | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M |
股东权益APOGGCMG
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $27.0M | ||
| Q3 25 | $500.2M | $-7.4M | ||
| Q2 25 | $481.8M | $-12.3M | ||
| Q1 25 | $487.9M | $-28.3M | ||
| Q4 24 | $522.1M | $-27.6M | ||
| Q3 24 | $506.4M | $-31.9M | ||
| Q2 24 | $480.0M | $-28.5M |
总资产APOGGCMG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $813.8M | ||
| Q3 25 | $1.2B | $685.9M | ||
| Q2 25 | $1.2B | $636.9M | ||
| Q1 25 | $1.2B | $579.8M | ||
| Q4 24 | $1.2B | $612.7M | ||
| Q3 24 | $917.1M | $575.0M | ||
| Q2 24 | $889.0M | $543.9M |
负债/权益比APOGGCMG
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $183.5M |
| 自由现金流经营现金流 - 资本支出 | — | $175.0M |
| 自由现金流率自由现金流/营收 | — | 98.8% |
| 资本支出强度资本支出/营收 | 7.8% | 4.8% |
| 现金转化率经营现金流/净利润 | 7.37× | 3.16× |
| 过去12个月自由现金流最近4个季度 | — | $326.2M |
8季度趋势，按日历期对齐
经营现金流APOGGCMG
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $183.5M | ||
| Q3 25 | $57.1M | $79.8M | ||
| Q2 25 | $-19.8M | $42.0M | ||
| Q1 25 | $30.0M | $33.3M | ||
| Q4 24 | $31.0M | $148.8M | ||
| Q3 24 | $58.7M | $69.0M | ||
| Q2 24 | $5.5M | $17.5M |
自由现金流APOGGCMG
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $175.0M | ||
| Q3 25 | $52.4M | $78.3M | ||
| Q2 25 | $-26.9M | $40.8M | ||
| Q1 25 | $19.1M | $32.1M | ||
| Q4 24 | $22.0M | $132.0M | ||
| Q3 24 | $50.2M | $62.2M | ||
| Q2 24 | $-1.8M | $12.8M |
自由现金流率APOGGCMG
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 98.8% | ||
| Q3 25 | 14.6% | 58.0% | ||
| Q2 25 | -7.8% | 34.1% | ||
| Q1 25 | 5.5% | 25.5% | ||
| Q4 24 | 6.4% | 79.9% | ||
| Q3 24 | 14.7% | 50.6% | ||
| Q2 24 | -0.5% | 10.9% |
资本支出强度APOGGCMG
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 4.8% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 3.2% | 0.9% | ||
| Q4 24 | 2.6% | 10.1% | ||
| Q3 24 | 2.5% | 5.5% | ||
| Q2 24 | 2.2% | 4.0% |
现金转化率APOGGCMG
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 3.16× | ||
| Q3 25 | 2.41× | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | 12.08× | 71.84× | ||
| Q4 24 | 1.48× | 19.54× | ||
| Q3 24 | 1.92× | 16.60× | ||
| Q2 24 | 0.18× | 3.64× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
