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APOGEE ENTERPRISES, INC.（APOG）与RAYONIER INC（RYN）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RAYONIER INC的1.3倍（$351.4M vs $276.8M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -4.5%，领先9.2%），RAYONIER INC同比增速更快（233.9% vs 1.6%），过去两年RAYONIER INC的营收复合增速更高（66.7% 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。
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
APOG vs RYN — 直观对比
营收规模更大
APOG
是对方的1.3倍
$276.8M
营收增速更快
RYN
高出232.3%
1.6%
净利率更高
APOG
高出9.2%
-4.5%
两年增速更快
RYN
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $276.8M |
| 净利润 | $16.6M | $-12.4M |
| 毛利率 | 22.4% | 100.0% |
| 营业利润率 | 7.3% | — |
| 净利率 | 4.7% | -4.5% |
| 营收同比 | 1.6% | 233.9% |
| 净利润同比 | 568.8% | -264.7% |
| 每股收益（稀释后） | $0.78 | — |
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APOGRYN
| Q1 26 | $351.4M | $276.8M | ||
| Q4 25 | $348.6M | $117.5M | ||
| Q3 25 | $358.2M | $177.5M | ||
| Q2 25 | $346.6M | $106.5M | ||
| Q1 25 | $345.7M | $82.9M | ||
| Q4 24 | $341.3M | $650.5M | ||
| Q3 24 | $342.4M | $124.1M | ||
| Q2 24 | $331.5M | $99.6M |
净利润APOGRYN
| Q1 26 | $16.6M | $-12.4M | ||
| Q4 25 | $16.5M | $25.9M | ||
| Q3 25 | $23.6M | $43.2M | ||
| Q2 25 | $-2.7M | $408.7M | ||
| Q1 25 | $2.5M | $-3.4M | ||
| Q4 24 | $21.0M | $327.1M | ||
| Q3 24 | $30.6M | $28.8M | ||
| Q2 24 | $31.0M | $1.9M |
毛利率APOGRYN
| Q1 26 | 22.4% | 100.0% | ||
| Q4 25 | 23.8% | 41.9% | ||
| Q3 25 | 23.1% | 32.9% | ||
| Q2 25 | 21.7% | 29.7% | ||
| Q1 25 | 21.6% | 21.7% | ||
| Q4 24 | 26.1% | 53.8% | ||
| Q3 24 | 28.4% | 30.4% | ||
| Q2 24 | 29.8% | 25.4% |
营业利润率APOGRYN
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 23.0% | ||
| Q3 25 | 7.5% | 23.5% | ||
| Q2 25 | 2.0% | 13.7% | ||
| Q1 25 | 1.8% | 0.1% | ||
| Q4 24 | 8.4% | 47.7% | ||
| Q3 24 | 12.3% | 15.2% | ||
| Q2 24 | 12.5% | 4.6% |
净利率APOGRYN
| Q1 26 | 4.7% | -4.5% | ||
| Q4 25 | 4.7% | 22.1% | ||
| Q3 25 | 6.6% | 24.3% | ||
| Q2 25 | -0.8% | 383.6% | ||
| Q1 25 | 0.7% | -4.1% | ||
| Q4 24 | 6.1% | 45.1% | ||
| Q3 24 | 8.9% | 23.2% | ||
| Q2 24 | 9.4% | 1.9% |
每股收益（稀释后）APOGRYN
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.14 | ||
| Q3 25 | $1.10 | $0.28 | ||
| Q2 25 | $-0.13 | $2.63 | ||
| Q1 25 | $0.12 | $-0.02 | ||
| Q4 24 | $0.96 | $2.18 | ||
| Q3 24 | $1.40 | $0.19 | ||
| Q2 24 | $1.41 | $0.01 |
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 | $681.7M |
| 总债务越低越好 | $232.3M | $2.1B |
| 股东权益账面价值 | $511.8M | $5.3B |
| 总资产 | $1.1B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资APOGRYN
| Q1 26 | $39.5M | $681.7M | ||
| Q4 25 | $41.3M | $842.9M | ||
| Q3 25 | $39.5M | $919.6M | ||
| Q2 25 | $32.8M | $892.3M | ||
| Q1 25 | $41.4M | $216.2M | ||
| Q4 24 | $43.9M | $303.1M | ||
| Q3 24 | $51.0M | $51.9M | ||
| Q2 24 | $30.4M | $120.2M |
总债务APOGRYN
| Q1 26 | $232.3M | $2.1B | ||
| Q4 25 | — | $845.3M | ||
| Q3 25 | — | $845.1M | ||
| Q2 25 | — | $844.9M | ||
| Q1 25 | $285.0M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.4B |
股东权益APOGRYN
| Q1 26 | $511.8M | $5.3B | ||
| Q4 25 | $512.3M | $2.2B | ||
| Q3 25 | $500.2M | $2.3B | ||
| Q2 25 | $481.8M | $2.3B | ||
| Q1 25 | $487.9M | $1.9B | ||
| Q4 24 | $522.1M | $1.8B | ||
| Q3 24 | $506.4M | $1.8B | ||
| Q2 24 | $480.0M | $1.8B |
总资产APOGRYN
| Q1 26 | $1.1B | $7.7B | ||
| Q4 25 | $1.1B | $3.4B | ||
| Q3 25 | $1.2B | $3.5B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.2B | $3.4B | ||
| Q4 24 | $1.2B | $3.5B | ||
| Q3 24 | $917.1M | $3.5B | ||
| Q2 24 | $889.0M | $3.5B |
负债/权益比APOGRYN
| Q1 26 | 0.45× | 0.39× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | 0.58× | 0.55× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.75× |
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 | — |
| 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% | 7.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGRYN
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $256.7M | ||
| Q3 25 | $57.1M | $116.2M | ||
| Q2 25 | $-19.8M | $61.0M | ||
| Q1 25 | $30.0M | $27.7M | ||
| Q4 24 | $31.0M | $261.6M | ||
| Q3 24 | $58.7M | $66.2M | ||
| Q2 24 | $5.5M | $55.3M |
自由现金流APOGRYN
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $99.9M | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | $42.2M | ||
| Q2 24 | $-1.8M | — |
自由现金流率APOGRYN
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | 56.3% | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | 34.0% | ||
| Q2 24 | -0.5% | — |
资本支出强度APOGRYN
| Q1 26 | 7.8% | 7.4% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 9.2% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | 19.3% | ||
| Q2 24 | 2.2% | — |
现金转化率APOGRYN
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 9.91× | ||
| Q3 25 | 2.41× | 2.69× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | 0.80× | ||
| Q3 24 | 1.92× | 2.30× | ||
| Q2 24 | 0.18× | 29.07× |
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% |
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
