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APOGEE ENTERPRISES, INC.（APOG）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是APOGEE ENTERPRISES, INC.的1.7倍（$586.5M vs $351.4M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -21.0%，领先25.8%），罗塞塔石碑同比增速更快（73.0% vs 1.6%），过去两年罗塞塔石碑的营收复合增速更高（28.2% 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。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
APOG vs STEP — 直观对比
营收规模更大
STEP
是对方的1.7倍
$351.4M
营收增速更快
STEP
高出71.4%
1.6%
净利率更高
APOG
高出25.8%
-21.0%
两年增速更快
STEP
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $586.5M |
| 净利润 | $16.6M | $-123.5M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | -33.2% |
| 净利率 | 4.7% | -21.0% |
| 营收同比 | 1.6% | 73.0% |
| 净利润同比 | 568.8% | 35.7% |
| 每股收益（稀释后） | $0.78 | $-1.55 |
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APOGSTEP
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $586.5M | ||
| Q3 25 | $358.2M | $454.2M | ||
| Q2 25 | $346.6M | $364.3M | ||
| Q1 25 | $345.7M | $377.7M | ||
| Q4 24 | $341.3M | $339.0M | ||
| Q3 24 | $342.4M | $271.7M | ||
| Q2 24 | $331.5M | $186.4M |
净利润APOGSTEP
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-123.5M | ||
| Q3 25 | $23.6M | $-366.1M | ||
| Q2 25 | $-2.7M | $-38.4M | ||
| Q1 25 | $2.5M | $-18.5M | ||
| Q4 24 | $21.0M | $-192.0M | ||
| Q3 24 | $30.6M | $17.6M | ||
| Q2 24 | $31.0M | $13.3M |
毛利率APOGSTEP
| 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APOGSTEP
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | -33.2% | ||
| Q3 25 | 7.5% | -148.8% | ||
| Q2 25 | 2.0% | -5.6% | ||
| Q1 25 | 1.8% | 2.6% | ||
| Q4 24 | 8.4% | -101.7% | ||
| Q3 24 | 12.3% | 21.3% | ||
| Q2 24 | 12.5% | 29.4% |
净利率APOGSTEP
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -21.0% | ||
| Q3 25 | 6.6% | -80.6% | ||
| Q2 25 | -0.8% | -10.5% | ||
| Q1 25 | 0.7% | -4.9% | ||
| Q4 24 | 6.1% | -56.6% | ||
| Q3 24 | 8.9% | 6.5% | ||
| Q2 24 | 9.4% | 7.2% |
每股收益（稀释后）APOGSTEP
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-1.55 | ||
| Q3 25 | $1.10 | $-4.66 | ||
| Q2 25 | $-0.13 | $-0.49 | ||
| Q1 25 | $0.12 | $-0.37 | ||
| Q4 24 | $0.96 | $-2.61 | ||
| Q3 24 | $1.40 | $0.26 | ||
| Q2 24 | $1.41 | $0.20 |
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 | — |
| 总债务越低越好 | $232.3M | $270.2M |
| 股东权益账面价值 | $511.8M | $-378.8M |
| 总资产 | $1.1B | $5.2B |
| 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APOGSTEP
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — |
总债务APOGSTEP
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | $285.0M | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M |
股东权益APOGSTEP
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $-378.8M | ||
| Q3 25 | $500.2M | $-233.5M | ||
| Q2 25 | $481.8M | $153.9M | ||
| Q1 25 | $487.9M | $179.4M | ||
| Q4 24 | $522.1M | $209.8M | ||
| Q3 24 | $506.4M | $397.5M | ||
| Q2 24 | $480.0M | $366.9M |
总资产APOGSTEP
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.2B | $5.3B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.2B | $4.6B | ||
| Q4 24 | $1.2B | $4.3B | ||
| Q3 24 | $917.1M | $4.0B | ||
| Q2 24 | $889.0M | $3.8B |
负债/权益比APOGSTEP
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 0.58× | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× |
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 | $27.2M |
| 自由现金流经营现金流 - 资本支出 | — | $26.7M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | 7.8% | 0.1% |
| 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 | — | $18.6M |
8季度趋势，按日历期对齐
经营现金流APOGSTEP
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $27.2M | ||
| Q3 25 | $57.1M | $16.2M | ||
| Q2 25 | $-19.8M | $46.3M | ||
| Q1 25 | $30.0M | $-66.5M | ||
| Q4 24 | $31.0M | $27.6M | ||
| Q3 24 | $58.7M | $53.7M | ||
| Q2 24 | $5.5M | $50.2M |
自由现金流APOGSTEP
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $26.7M | ||
| Q3 25 | $52.4M | $15.9M | ||
| Q2 25 | $-26.9M | $45.2M | ||
| Q1 25 | $19.1M | $-69.2M | ||
| Q4 24 | $22.0M | $27.0M | ||
| Q3 24 | $50.2M | $52.4M | ||
| Q2 24 | $-1.8M | $49.6M |
自由现金流率APOGSTEP
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 4.6% | ||
| Q3 25 | 14.6% | 3.5% | ||
| Q2 25 | -7.8% | 12.4% | ||
| Q1 25 | 5.5% | -18.3% | ||
| Q4 24 | 6.4% | 8.0% | ||
| Q3 24 | 14.7% | 19.3% | ||
| Q2 24 | -0.5% | 26.6% |
资本支出强度APOGSTEP
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 3.2% | 0.7% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 2.2% | 0.3% |
现金转化率APOGSTEP
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 3.05× | ||
| Q2 24 | 0.18× | 3.76× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
