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APOGEE ENTERPRISES, INC.（APOG）与SLM Corp（SLM）财务数据对比。点击上方公司名可切换其他公司
SLM Corp的季度营收约是APOGEE ENTERPRISES, INC.的1.6倍（$560.0M vs $351.4M），SLM Corp净利率更高（55.0% vs 4.7%，领先50.3%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
APOG vs SLM — 直观对比
营收规模更大
SLM
是对方的1.6倍
$351.4M
净利率更高
SLM
高出50.3%
4.7%
两年增速更快
SLM
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $560.0M |
| 净利润 | $16.6M | $308.0M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 69.6% |
| 净利率 | 4.7% | 55.0% |
| 营收同比 | 1.6% | — |
| 净利润同比 | 568.8% | 1.0% |
| 每股收益（稀释后） | $0.78 | $1.54 |
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APOGSLM
| Q1 26 | $351.4M | $560.0M | ||
| Q4 25 | $348.6M | $377.1M | ||
| Q3 25 | $358.2M | $373.0M | ||
| Q2 25 | $346.6M | $376.8M | ||
| Q1 25 | $345.7M | $375.0M | ||
| Q4 24 | $341.3M | $362.2M | ||
| Q3 24 | $342.4M | $359.4M | ||
| Q2 24 | $331.5M | $372.2M |
净利润APOGSLM
| Q1 26 | $16.6M | $308.0M | ||
| Q4 25 | $16.5M | $233.2M | ||
| Q3 25 | $23.6M | $135.8M | ||
| Q2 25 | $-2.7M | $71.3M | ||
| Q1 25 | $2.5M | $304.5M | ||
| Q4 24 | $21.0M | $111.6M | ||
| Q3 24 | $30.6M | $-45.2M | ||
| Q2 24 | $31.0M | $252.0M |
毛利率APOGSLM
| 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APOGSLM
| Q1 26 | 7.3% | 69.6% | ||
| Q4 25 | 7.1% | 83.8% | ||
| Q3 25 | 7.5% | 49.8% | ||
| Q2 25 | 2.0% | 23.3% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 8.4% | 36.5% | ||
| Q3 24 | 12.3% | -16.6% | ||
| Q2 24 | 12.5% | 91.0% |
净利率APOGSLM
| Q1 26 | 4.7% | 55.0% | ||
| Q4 25 | 4.7% | 61.8% | ||
| Q3 25 | 6.6% | 36.4% | ||
| Q2 25 | -0.8% | 18.9% | ||
| Q1 25 | 0.7% | 81.2% | ||
| Q4 24 | 6.1% | 30.8% | ||
| Q3 24 | 8.9% | -12.6% | ||
| Q2 24 | 9.4% | 67.7% |
每股收益（稀释后）APOGSLM
| Q1 26 | $0.78 | $1.54 | ||
| Q4 25 | $0.77 | $1.11 | ||
| Q3 25 | $1.10 | $0.63 | ||
| Q2 25 | $-0.13 | $0.32 | ||
| Q1 25 | $0.12 | $1.40 | ||
| Q4 24 | $0.96 | $0.53 | ||
| Q3 24 | $1.40 | $-0.23 | ||
| Q2 24 | $1.41 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $232.3M | $6.2B |
| 股东权益账面价值 | $511.8M | $2.4B |
| 总资产 | $1.1B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.45× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资APOGSLM
| Q1 26 | $39.5M | $5.2B | ||
| Q4 25 | $41.3M | $4.2B | ||
| Q3 25 | $39.5M | $3.5B | ||
| Q2 25 | $32.8M | $4.1B | ||
| Q1 25 | $41.4M | $3.7B | ||
| Q4 24 | $43.9M | $4.7B | ||
| Q3 24 | $51.0M | $4.5B | ||
| Q2 24 | $30.4M | $5.3B |
总债务APOGSLM
| Q1 26 | $232.3M | $6.2B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | $285.0M | $6.1B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益APOGSLM
| Q1 26 | $511.8M | $2.4B | ||
| Q4 25 | $512.3M | $2.5B | ||
| Q3 25 | $500.2M | $2.3B | ||
| Q2 25 | $481.8M | $2.4B | ||
| Q1 25 | $487.9M | $2.4B | ||
| Q4 24 | $522.1M | $2.2B | ||
| Q3 24 | $506.4M | $2.1B | ||
| Q2 24 | $480.0M | $2.3B |
总资产APOGSLM
| Q1 26 | $1.1B | $29.4B | ||
| Q4 25 | $1.1B | $29.7B | ||
| Q3 25 | $1.2B | $29.6B | ||
| Q2 25 | $1.2B | $29.6B | ||
| Q1 25 | $1.2B | $28.9B | ||
| Q4 24 | $1.2B | $30.1B | ||
| Q3 24 | $917.1M | $30.0B | ||
| Q2 24 | $889.0M | $28.8B |
负债/权益比APOGSLM
| Q1 26 | 0.45× | 2.53× | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 2.70× | ||
| Q1 25 | 0.58× | 2.56× | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 2.37× |
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% | — |
| 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APOGSLM
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-64.5M | ||
| Q3 25 | $57.1M | $-49.3M | ||
| Q2 25 | $-19.8M | $-138.7M | ||
| Q1 25 | $30.0M | $-146.1M | ||
| Q4 24 | $31.0M | $4.5M | ||
| Q3 24 | $58.7M | $-113.4M | ||
| Q2 24 | $5.5M | $-143.8M |
自由现金流APOGSLM
| 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APOGSLM
| 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APOGSLM
| 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APOGSLM
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | -0.28× | ||
| Q3 25 | 2.41× | -0.36× | ||
| Q2 25 | — | -1.95× | ||
| Q1 25 | 12.08× | -0.48× | ||
| Q4 24 | 1.48× | 0.04× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
