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APOGEE ENTERPRISES, INC.（APOG）与GREENLIGHT CAPITAL RE, LTD.（GLRE）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GREENLIGHT CAPITAL RE, LTD.的1.7倍（$351.4M vs $210.3M），GREENLIGHT CAPITAL RE, LTD.净利率更高（23.4% vs 4.7%，领先18.7%），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs 1.6%），过去两年GREENLIGHT CAPITAL RE, LTD.的营收复合增速更高（4.8% 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。
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
APOG vs GLRE — 直观对比
营收规模更大
APOG
是对方的1.7倍
$210.3M
营收增速更快
GLRE
高出46.7%
1.6%
净利率更高
GLRE
高出18.7%
4.7%
两年增速更快
GLRE
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $210.3M |
| 净利润 | $16.6M | $49.3M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | — |
| 净利率 | 4.7% | 23.4% |
| 营收同比 | 1.6% | 48.3% |
| 净利润同比 | 568.8% | 279.7% |
| 每股收益（稀释后） | $0.78 | $1.43 |
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APOGGLRE
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $210.3M | ||
| Q3 25 | $358.2M | $146.1M | ||
| Q2 25 | $346.6M | $160.1M | ||
| Q1 25 | $345.7M | $213.3M | ||
| Q4 24 | $341.3M | $141.8M | ||
| Q3 24 | $342.4M | $188.0M | ||
| Q2 24 | $331.5M | $174.9M |
净利润APOGGLRE
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $49.3M | ||
| Q3 25 | $23.6M | $-4.4M | ||
| Q2 25 | $-2.7M | $329.0K | ||
| Q1 25 | $2.5M | $29.6M | ||
| Q4 24 | $21.0M | $-27.4M | ||
| Q3 24 | $30.6M | $35.2M | ||
| Q2 24 | $31.0M | $8.0M |
毛利率APOGGLRE
| 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APOGGLRE
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.5% | — |
净利率APOGGLRE
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 23.4% | ||
| Q3 25 | 6.6% | -3.0% | ||
| Q2 25 | -0.8% | 0.2% | ||
| Q1 25 | 0.7% | 13.9% | ||
| Q4 24 | 6.1% | -19.3% | ||
| Q3 24 | 8.9% | 18.7% | ||
| Q2 24 | 9.4% | 4.6% |
每股收益（稀释后）APOGGLRE
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $1.43 | ||
| Q3 25 | $1.10 | $-0.13 | ||
| Q2 25 | $-0.13 | $0.01 | ||
| Q1 25 | $0.12 | $0.86 | ||
| Q4 24 | $0.96 | $-0.78 | ||
| Q3 24 | $1.40 | $1.01 | ||
| Q2 24 | $1.41 | $0.23 |
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 | $111.8M |
| 总债务越低越好 | $232.3M | $4.7M |
| 股东权益账面价值 | $511.8M | $708.0M |
| 总资产 | $1.1B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资APOGGLRE
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $111.8M | ||
| Q3 25 | $39.5M | $68.8M | ||
| Q2 25 | $32.8M | $82.4M | ||
| Q1 25 | $41.4M | $47.5M | ||
| Q4 24 | $43.9M | $64.7M | ||
| Q3 24 | $51.0M | $54.6M | ||
| Q2 24 | $30.4M | $52.2M |
总债务APOGGLRE
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $4.7M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | — | $58.9M | ||
| Q1 25 | $285.0M | $59.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | — | $62.6M | ||
| Q2 24 | — | $61.6M |
股东权益APOGGLRE
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $708.0M | ||
| Q3 25 | $500.2M | $658.9M | ||
| Q2 25 | $481.8M | $663.3M | ||
| Q1 25 | $487.9M | $666.8M | ||
| Q4 24 | $522.1M | $635.9M | ||
| Q3 24 | $506.4M | $663.4M | ||
| Q2 24 | $480.0M | $634.0M |
总资产APOGGLRE
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $917.1M | $2.0B | ||
| Q2 24 | $889.0M | $1.9B |
负债/权益比APOGGLRE
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | 0.58× | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× |
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 | $100.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 7.37× | 2.03× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGGLRE
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $100.2M | ||
| Q3 25 | $57.1M | $31.2M | ||
| Q2 25 | $-19.8M | $68.4M | ||
| Q1 25 | $30.0M | $10.4M | ||
| Q4 24 | $31.0M | $29.5M | ||
| Q3 24 | $58.7M | $41.3M | ||
| Q2 24 | $5.5M | $22.7M |
自由现金流APOGGLRE
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
自由现金流率APOGGLRE
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
资本支出强度APOGGLRE
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
现金转化率APOGGLRE
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.03× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | 208.02× | ||
| Q1 25 | 12.08× | 0.35× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 1.17× | ||
| Q2 24 | 0.18× | 2.85× |
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% |
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
