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Apogee Enterprises, Inc. (APOG) stock

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NASDAQ: APOG Nasdaq Building Products Next results ~January 6, 2027

C Fundamentals grade

Apogee Enterprises, Inc. is a US-listed company in the building products industry. Its financial year ends in February.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$76

Cash-flow model

Base case. Range ~$53–$110 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 61% above it.

Price used: $46.95, November 2, 2026

Apogee Enterprises, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds132 adding, 88 cuttingOf 49 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Apogee Enterprises files

Where Apogee Enterprises stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $1.43bn, up 3.0% on a year earlier, faster than the 1.8% growth a quarter earlier. Free-cash-flow margin rose to 6.6% from 4.8% a year earlier. Operating margin widened to 7.2% from 4.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $75.49 a share, against a share price of $43.98. At that price, our model says the market is pricing in cash flow shrinking about 4.6% a year for five years, slower than the 1.8% a year revenue growth it has delivered.

Source: 10-Q filed October 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 6, 2027 (estimated)

Apogee Enterprises, Inc.'s trailing-twelve-month revenue grew 3.0% year on year, with a free-cash-flow margin of 6.6%.

Our discounted-cash-flow model values the business at ~$76 per share in the base case (~$53–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 84% in the quarter to 2026-08-31, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $46.95 is 61% below our value per share of $76.
  • Shrinking share count. Diluted shares fell 1.4% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: gross margin. Gross margin of 23.2% ranks 31 of 43 building products companies we cover (median 32.1%).

Latest results: FY2027 Q2

Filed October 6, 2026
Earnings per share
$1.17 against an average estimate of $0.64: beat by 84.2%
Revenue
$391m, up 9.2% on a year earlier
Share reaction
+15.3% in the first session after the results on October 6, 2026, against +0.3% for the S&P 500
Guidance given
net sales $1.46bn to $1.5bn (fiscal 2027); adjusted diluted earnings per share $3 to $3.4 (fiscal 2027)
Next report
January 6, 2027; average EPS estimate $0.80

Apogee Enterprises' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.8%
  • 1 week+6.5%
  • 1 month+32.7%
  • This year+32.6%
  • 1 year+31.9%
  • 5 years+14.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.4B
Operating margin
7.2%
Net margin
4.7%
EPS (TTM, diluted)
$3.14

Growth

Revenue growth
+3.0%
Change in growth rate
+1.2 pts
Share count change
−1.4%

Cash

Free cash flow (TTM)
$95.2M
FCF margin
6.6%
Stock pay % of revenue
0.7%

Earnings

Last results
October 6, 2026
Next results (est.)
January 6, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance
  4. Deal
  5. Leadership
  6. Agreement
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Apogee Enterprises, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 3.9% a year for five years.That is slower than the 1.8% a year revenue growth Apogee Enterprises has delivered.

  • Priced in-3.9%
  • Last 12 months3.0%
  • 3 years a year0.1%
  • 5 years a year1.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($46.44, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$76
Price used
$46.44close November 3, 2026
Implied change
▲ +63%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Apogee Enterprises, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($108M, FY2027 Q2 TTM), growing 5.5% and 2.6% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$53–~$110 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Apogee Enterprises, Inc.'s free cash flow after stock-based pay ( $108M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Apogee Enterprises, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$76 ~$53–$110 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$71 ~$63–$92 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$53 ~$38–$73 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$54 ~$46–$64 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$66 ~$53–$76 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Apogee Enterprises, Inc. with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −30%
  • Revenue growth 5 points higher ▲ +39%
  • Free-cash-flow margin 1 point lower ▼ −16%
  • Last year's free-cash-flow margin change, if it persists ▲ +44%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $60$87$123$169$230$309
8.5% $43$62$88$121$165$220
10% $32$47$67$92$125$168

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$31.76$47.42$36.25$30.19$25.78$32.95$40.94$42.14$53.57$45.72$38.99$46.95
Market value$933m$1.4bn$1.0bn$848m$689m$867m$1.0bn$945m$1.2bn$1.0bn$839m$1.0bn
+ Net debt (− = net cash)−$40m$38m$197m$229m$203m$268m$125m$150m$25m$244m$193m$299m
Enterprise value$893m$1.4bn$1.2bn$1.1bn$892m$1.1bn$1.2bn$1.1bn$1.2bn$1.2bn$1.0bn$1.3bn
Multiples
Price / sales 1.0x1.2x0.8x0.6x0.5x0.7x0.8x0.7x0.8x0.7x0.6x0.7x
Price / earnings 14.3x16.0x13.1x18.6x11.1x56.1xn/m9.1x11.9x11.8x15.5x14.9x
Price / free cash flow 10.7x24.5x14.1x23.7x12.3x7.5x13.2x16.4x7.4x11.2x8.8x10.5x
EV / EBITDA 6.9x8.9x7.3x9.2x6.6x14.7x16.1x6.5x6.9x7.6x7.7x8.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

51 /100

Moderate moat

How hard Apogee Enterprises's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.6% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 23.4%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 6.3%; its worst year was 0.7%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 6.3% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 17.3% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (56 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 6, 2027, before the open. Analysts expect revenue of $371m and EPS of $0.80 (range $0.79 to $0.81) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.35 −3% $1.5bn +6%
Next $3.95 +18% $1.6bn +7%

Next year's EPS estimate has moved +1.3% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +16.1% on 90 days ago. In the last 30 days, 1 analyst raised Apogee Enterprises, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Apogee Enterprises, Inc., last 90 days
$2.50 $3.00 $3.50 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.89 Current fiscal year, 60 days ago: $2.89 Current fiscal year, 30 days ago: $2.89 Current fiscal year, 7 days ago: $2.89 Current fiscal year, Now: $3.35 $3.35 Next fiscal year, 90 days ago: $3.90 Next fiscal year, 60 days ago: $3.90 Next fiscal year, 30 days ago: $3.90 Next fiscal year, 7 days ago: $3.95 Next fiscal year, Now: $3.95 $3.95

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.89$3.90
60 days ago $2.89$3.90
30 days ago $2.89$3.90
7 days ago $2.89$3.95
Now $3.35$3.95

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 $0.64 $1.17 +84.2%
May 2026 $0.41 $0.57 +39.0%
Feb 2026 $0.86 $0.92 +6.4%
Nov 2025 $1.01 $1.02 +1.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 6, 2026
  • net sales fiscal 2027 $1.46bn to $1.5bn Raised
    “The Company now expects net sales in the range of $1.46 billion to $1.50 billion, compared with its previous range of $1.38 billion to $1.43 billion, and adjusted diluted EPS in the range of $3.00 to $3.40, compared with its previous range of $2.70 to $3.25.” source
  • adjusted diluted earnings per share fiscal 2027 $3.00 to $3.40 Non-GAAP Raised
    “The Company now expects net sales in the range of $1.46 billion to $1.50 billion, compared with its previous range of $1.38 billion to $1.43 billion, and adjusted diluted EPS in the range of $3.00 to $3.40, compared with its previous range of $2.70 to $3.25.” source
  • interest expense fiscal 2027 about $15m
    “The Company's outlook also assumes interest expense of approximately $15 million, an adjusted effective tax rate of approximately 26%, and capital expenditures between $35 million and $40 million.” source
  • adjusted effective tax rate fiscal 2027 about 26% Non-GAAP
    “The Company's outlook also assumes interest expense of approximately $15 million, an adjusted effective tax rate of approximately 26%, and capital expenditures between $35 million and $40 million.” source
  • capital expenditures fiscal 2027 $35m to $40m
    “The Company's outlook also assumes interest expense of approximately $15 million, an adjusted effective tax rate of approximately 26%, and capital expenditures between $35 million and $40 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Apogee Enterprises, Inc.'s revenue by +5.5% next year and +2.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.8%, weight 33%) , management guidance (+6.8%, weight 40%) and the company's own record (+2.0%, weight 27%) . How the weights are set.

Analyst recommendations

1 analysts, Nov 2026
Buy00%
Hold1100%
Sell00%

Monthly trend

  1. Nov 202611
  2. Oct 202611

Counts of recommendations published by analysts covering Apogee Enterprises, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
2.26
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
97%
of shares
Held by insiders
2.8%
of shares
Employees
4,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +31.9%

$35.59 on October 31, 2025 to $46.95

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.4bn +3.0%
Net margin 3.2% 4.7% +46.6%
P/E multiple 17.3x 14.9x −13.8%
Share count 22m 21m +1.4%

Biggest factor: net margin.

Last 3 years +12.6%

$41.68 on November 3, 2023 to $46.95

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.4bn +0.4%
Net margin 7.1% 4.7% −33.8%
P/E multiple 9.2x 14.9x +62.3%
Share count 22m 21m +4.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
APOG+55%−6%+23%+36%−48%+33%
Industry peers (median)+22%−24%+45%+10%−11%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
APOG67%42%50%67%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
APOG−18%−27%−23%−18%−52%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 75% from March 31, 2017 to March 18, 2020. Getting back needed a 294% gain, reached on December 19, 2023, 1371 days after the low.

Price behaviour

52-week range
$31.07 – $48.27
From 52-week high
−2.7%
vs 50-day average
+18.4%
vs 200-day average
+23.1%
Volatility (1 year)
42%
Beta vs S&P 500
0.92

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±9.7%
After a week
7 up, 5 down
typical move ±9.3%
After a month
7 up, 4 down
typical move ±12.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 6, 2026 +15.3% +0.3% +17.7% —
June 26, 2026 +8.5% +0.9% −6.3% −0.8%
April 24, 2026 +5.2% +0.9% +2.0% +4.0%
January 7, 2026 −9.4% −0.3% −4.7% +12.9%
October 10, 2025 −6.5% −1.2% −8.3% −16.7%
June 27, 2025 +2.3% +1.0% +6.2% +7.7%
April 24, 2025 −14.2% +2.8% −12.7% −15.3%
January 7, 2025 −26.2% −1.0% −23.1% −28.3%
October 4, 2024 +15.2% 0.0% +14.3% +12.5%
June 27, 2024 +6.1% −0.2% +3.3% +14.6%
April 18, 2024 +3.6% −1.1% +9.7% +19.0%
December 21, 2023 +4.4% +1.2% +3.1% +2.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Apogee Enterprises, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Apogee Enterprises, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Apogee Enterprises, Inc.
$1.4B $1.4B $1.4B $1.4B $1.4B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $1.4B Revenue (TTM), FY24 Q4: $1.4B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.4B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.4B Revenue (TTM), FY26 Q3: $1.4B Revenue (TTM), FY26 Q4: $1.4B Revenue (TTM), FY27 Q1: $1.4B Revenue (TTM), FY27 Q2: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $1.4B
FY24 Q4 $1.4B
FY25 Q1 $1.4B
FY25 Q2 $1.4B
FY25 Q3 $1.4B
FY25 Q4 $1.4B
FY26 Q1 $1.4B
FY26 Q2 $1.4B
FY26 Q3 $1.4B
FY26 Q4 $1.4B
FY27 Q1 $1.4B
FY27 Q2 $1.4B
Revenue growth, TTM YoY Apogee Enterprises, Inc.
-6% -4% -2% 0% 2% 4% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -1.8% Revenue growth, TTM YoY, FY24 Q4: -1.6% Revenue growth, TTM YoY, FY25 Q1: -4.1% Revenue growth, TTM YoY, FY25 Q2: -3.6% Revenue growth, TTM YoY, FY25 Q3: -1.6% Revenue growth, TTM YoY, FY25 Q4: -3.9% Revenue growth, TTM YoY, FY26 Q1: -0.8% Revenue growth, TTM YoY, FY26 Q2: 1.2% Revenue growth, TTM YoY, FY26 Q3: 1.6% Revenue growth, TTM YoY, FY26 Q4: 3.2% Revenue growth, TTM YoY, FY27 Q1: 1.8% Revenue growth, TTM YoY, FY27 Q2: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -1.8%
FY24 Q4 -1.6%
FY25 Q1 -4.1%
FY25 Q2 -3.6%
FY25 Q3 -1.6%
FY25 Q4 -3.9%
FY26 Q1 -0.8%
FY26 Q2 1.2%
FY26 Q3 1.6%
FY26 Q4 3.2%
FY27 Q1 1.8%
FY27 Q2 3.0%
Operating margin (TTM) Apogee Enterprises, Inc.
4% 6% 8% 10% 12% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 9.8% Operating margin (TTM), FY24 Q4: 9.4% Operating margin (TTM), FY25 Q1: 10.2% Operating margin (TTM), FY25 Q2: 10.4% Operating margin (TTM), FY25 Q3: 9.7% Operating margin (TTM), FY25 Q4: 8.7% Operating margin (TTM), FY26 Q1: 6.1% Operating margin (TTM), FY26 Q2: 4.9% Operating margin (TTM), FY26 Q3: 4.6% Operating margin (TTM), FY26 Q4: 6.0% Operating margin (TTM), FY27 Q1: 6.9% Operating margin (TTM), FY27 Q2: 7.2% 7.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 9.8%
FY24 Q4 9.4%
FY25 Q1 10.2%
FY25 Q2 10.4%
FY25 Q3 9.7%
FY25 Q4 8.7%
FY26 Q1 6.1%
FY26 Q2 4.9%
FY26 Q3 4.6%
FY26 Q4 6.0%
FY27 Q1 6.9%
FY27 Q2 7.2%
FCF margin (TTM) Apogee Enterprises, Inc.
4% 6% 8% 10% 12% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 9.1% FCF margin (TTM), FY24 Q4: 11.4% FCF margin (TTM), FY25 Q1: 10.5% FCF margin (TTM), FY25 Q2: 11.8% FCF margin (TTM), FY25 Q3: 9.4% FCF margin (TTM), FY25 Q4: 6.6% FCF margin (TTM), FY26 Q1: 4.7% FCF margin (TTM), FY26 Q2: 4.8% FCF margin (TTM), FY26 Q3: 4.8% FCF margin (TTM), FY26 Q4: 6.8% FCF margin (TTM), FY27 Q1: 8.8% FCF margin (TTM), FY27 Q2: 6.6% 6.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 9.1%
FY24 Q4 11.4%
FY25 Q1 10.5%
FY25 Q2 11.8%
FY25 Q3 9.4%
FY25 Q4 6.6%
FY26 Q1 4.7%
FY26 Q2 4.8%
FY26 Q3 4.8%
FY26 Q4 6.8%
FY27 Q1 8.8%
FY27 Q2 6.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Feb 2010 2011 Feb 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Feb 2015 2016 Feb 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Feb 2020 2021 Feb 2021 2022 Feb 2022 2023 Feb 2023 2024 Mar 2024 2025 Mar 2025 2026 Feb 2026 LTM Aug 2026
Income
Revenue 697 583 662 700 771 934 981 1,115 1,326 1,403 1,387 1,231 1,314 1,441 1,417 1,361 1,405 1,434
Gross profit 162 83 117 146 165 209 244 292 334 294 319 276 274 335 367 360 319 333
EBITDA 75 7 31 54 67 93 129 158 169 117 135 77 72 168 175 163 134 155
Operating income 45 −21 4 27 40 64 97 122 114 67 88 26 22 126 134 118 84 103
Net income 32 −10 5 19 28 51 65 86 79 46 62 15 3 104 100 85 54 67
Diluted EPS $1.15 −$0.37 $0.17 $0.67 $0.95 $1.72 $2.22 $2.97 $2.76 $1.63 $2.32 $0.59 $0.14 $4.64 $4.51 $3.89 $2.52 $3.14
Growth (year on year)
Revenue — −16.4% +13.7% +5.7% +10.2% +21.1% +5.1% +13.6% +19.0% +5.8% −1.1% −11.3% +6.8% +9.6% −1.6% −3.9% +3.2% +3.0%
EBITDA — −90.3% — +73.7% +23.9% +39.2% +38.3% +22.7% +7.2% −30.8% +15.0% −42.8% −6.4% +133.5% +4.3% −7.2% −17.4% +30.5%
Operating income — −146.2% — — +46.9% +57.8% +53.2% +25.5% −6.5% −41.1% +30.6% −70.9% −13.6% — +6.4% −11.7% −28.5% +50.2%
Net income — −132.5% — — +46.4% +80.5% +29.3% +31.3% −7.3% −42.5% +35.5% −75.1% — — −4.3% −14.6% −36.4% +51.0%
Diluted EPS — −132.2% — — +41.8% +81.1% +29.1% +33.8% −7.1% −40.9% +42.3% −74.6% — — −2.8% −13.7% −35.2% +53.1%
Margins
Gross margin 23.3% 14.3% 17.7% 20.8% 21.4% 22.3% 24.8% 26.2% 25.1% 20.9% 23.0% 22.4% 20.9% 23.3% 25.9% 26.4% 22.7% 23.2%
EBITDA margin 10.8% 1.2% 4.7% 7.7% 8.7% 10.0% 13.1% 14.2% 12.8% 8.3% 9.7% 6.3% 5.5% 11.7% 12.4% 12.0% 9.6% 10.8%
Operating margin 6.5% −3.6% 0.6% 3.9% 5.2% 6.8% 9.9% 11.0% 8.6% 4.8% 6.3% 2.1% 1.7% 8.7% 9.4% 8.7% 6.0% 7.2%
Net margin 4.6% −1.8% 0.7% 2.7% 3.6% 5.4% 6.7% 7.7% 6.0% 3.3% 4.5% 1.3% 0.3% 7.2% 7.0% 6.2% 3.9% 4.7%
Free-cash-flow margin 12.6% −2.9% 2.2% 0.8% 1.4% 4.8% 8.9% 5.0% 5.6% 2.5% 4.0% 9.4% 6.0% 4.0% 11.4% 6.6% 6.8% 6.6%
Cash flow
Cash from operations 97 −8 25 41 53 72 129 124 127 96 107 142 100 103 204 125 122 128
Capital spending 10 9 10 35 42 27 42 68 53 61 51 26 22 45 43 36 27 33
Free cash flow 87 −17 15 6 11 45 87 56 74 36 56 116 79 58 161 90 95 95
Stock-based pay 6 5 4 4 5 5 5 6 6 6 7 9 6 9 10 11 8 10
Free cash flow after stock pay 81 −22 10 1 6 40 82 50 68 29 49 107 72 49 151 79 87 85
Balance sheet
Cash 47 24 54 38 28 52 60 27 19 17 15 47 38 20 37 41 40 37
Total debt 0 22 21 31 21 21 20 65 216 246 218 315 163 170 62 285 232 336
Net debt (negative = net cash) −47 −2 −33 −7 −8 −32 −40 38 197 229 203 268 125 150 25 244 193 299
Diluted shares 28m 28m 28m 29m 29m 29m 29m 29m 29m 28m 27m 26m 25m 22m 22m 22m 22m 21m
Returned to shareholders
Dividends 9 9 9 10 11 12 13 15 16 18 19 20 20 20 21 22 22 22
Buybacks — 0 2 0 0 7 25 11 34 43 25 33 100 74 12 45 15 31
Total returned 9 9 12 10 11 19 38 25 50 61 44 52 121 94 33 67 37 53

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · August 29, 2026
What it owns · $1.2bn
Short-term assets $472mLonger-term assets $772m
What it owes, and who funded it · $788m
Short-term liabilities $265mShareholders' equity $523m
  • Short-term assets cover short-term liabilities $472m of assets due within a year against $265m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $37m of cash against $336m of debt.
  • Debt below 40% of shareholders' equity Debt is 64% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 42% to 64% over five years.
  • A year's operating cash flow covers at least 20% of debt $128m of operating cash flow against $336m of debt.
  • Operating profit covers interest at least five times over Operating income of $103m against $12m of interest.

From Apogee Enterprises, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$31.1M
Dividends (TTM)
$22.3M
Returned to shareholders
56%
of free cash flow
Buybacks, last 3 fiscal years
$72.2M
Diluted share count
−1.4%
year over year
Total shareholder yield
5.5%
dividends 2.3% + buybacks 3.2% of market value
Dividend payout ratio
33%
of net income paid out
Sales & admin spending
16.0%
of revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated APOG TILE WOR HLMN CSW TREX Median
Revenue, last 12 months $1.4bn $1.4bn $1.4bn $1.6bn $1.3bn $1.2bn $1.8bn
Revenue growth, last 12 months 3.0% 6.5% 18.4% 6.5% 30.0% 7.0% 3.7%
Revenue growth, 3-year average 0.1% 3.8% −32.9% 3.2% 17.5% 7.4% 3.6%
Revenue growth, latest quarter 9.2% 5.4% 13.2% 9.8% 30.5% 7.8% 8.0%
Gross margin 23.2% 40.5% 27.2% — 42.1% 38.2% 32.0%
Operating margin 7.2% 13.6% 5.6% 6.9% 16.9% 20.2% 7.0%
Operating margin, 3-year average 7.5% 11.5% 0.8% 6.3% 19.2% 24.0% 10.7%
Net margin 4.7% 10.1% 11.5% 2.6% 10.2% 14.7% 5.1%
Cash from operations / revenue 9.0% 12.4% 17.7% 7.8% 15.8% 29.6% 12.4%
Free-cash-flow margin 6.6% 8.6% 13.8% 3.8% 14.2% 17.2% 8.9%
Free-cash-flow margin, 3-year average 7.7% 8.5% 12.4% 5.8% 17.0% 7.7% 8.5%
Stock pay / revenue 0.7% 1.2% 1.0% 0.9% 1.3% 0.8% 0.7%
Change in share count −1.4% −0.3% −1.1% −0.3% −2.3% −2.1% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth 3.0% 4.0% 26 of 46
Change in growth rate Growth +1.2pp +0.8pp 19 of 46
Gross margin Profitability 23.2% 32.1% 31 of 43
Operating margin Profitability 7.2% 7.2% 23 of 45
Net margin Profitability 4.7% 5.6% 24 of 46
Free-cash-flow margin Cash generation 6.6% 9.1% 28 of 46
Stock pay as % of revenue Cash generation 0.7% 0.7% 19 of 41
Long-term debt as % of assets Balance sheet 27.0% 25.7% 20 of 37
Change in share count Balance sheet -1.4% -0.6% 18 of 44

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to February 28, 2026
Segments
Line of business Revenue Share YoY
Architectural Metals $504M 35.9% ▼ 4.0%
Architectural Services $439M 31.3% ▲ 4.6%
Architectural Glass $264M 18.8% ▼ 10.4%
Performance Surfaces $198M 14.1% ▲ 62.1%
Geography
Region Revenue Share YoY
United States $1.3B 95.2% ▲ 6.2%
Canada $51.3M 3.7% ▼ 39.9%
Brazil $16M 1.1% ▼ 4.0%

From Apogee Enterprises, Inc.'s 10-K filed April 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$893M
Institutions reporting
238
Shares held vs prior quarter
▲ 0.5%
Positions opened / closed
46 / 27

Top buyers and sellers, Q2 2026: 132 institutions bought and 88 sold ; the biggest buyer was Ameriprise Financial Inc (+409K shares) and the biggest seller Segall Bryant & Hamill, LLC (−479K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $156M 3.4M 17.4% ▲ 2.5%
Vanguard Portfolio Management LLC $53.2M 1.2M 6.0% ▼ 24.5%
Dimensional Fund Advisors LP $52.8M 1.2M 5.9% ▲ 8.5%
American Century Companies Inc $47M 1.0M 5.3% ▲ 16.0%
Vanguard Capital Management LLC $41.8M 914K 4.7% ▼ 2.9%
State Street Corp $38.6M 843K 4.3% ▲ 2.7%
Ameriprise Financial Inc $34.1M 747K 3.8% ▲ 121.2%
Two Sigma Investments, LP $28M 612K 3.1% ▲ 8.1%
Geode Capital Management, LLC $25.8M 564K 2.9% ▲ 4.5%
LSV Asset Management $22.4M 490K 2.5% ▲ 3.2%
Morgan Stanley $19.1M 417K 2.1% ▲ 11.9%
Charles Schwab Investment Management Inc $18.4M 403K 2.1% ▼ 11.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Apogee Enterprises, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $53,928 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $53,928 net selling
Insider Date Trade Shares Price Value
Christian Matthew Sean President, Architectural Serv October 27, 2026 Sell 1,200 $44.94 $53,928

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 6, 2027 estimated from the company's past filing pattern, not announced

  • October 6, 2026
  • June 26, 2026
  • April 24, 2026
  • January 7, 2026
  • October 10, 2025
  • June 27, 2025

Recent SEC filings

Data status

When each part of this page on Apogee Enterprises, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Apogee Enterprises, Inc. in brief

What does Apogee Enterprises, Inc. do?
Apogee Enterprises, Inc. is a US-listed company in the building products industry. Its financial year ends in February.
What is Apogee Enterprises, Inc.'s stock ticker?
Apogee Enterprises, Inc. trades under the ticker APOG on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Apogee Enterprises, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Apogee Enterprises, Inc. reported revenue of $1.4B, 3.0% higher than a year earlier, according to its SEC filings.
What is Apogee Enterprises, Inc.'s free cash flow?
Apogee Enterprises, Inc.'s free-cash-flow margin is 6.6% of revenue over the trailing twelve months, ranking 28 of the 46 building products companies we cover.
What is Apogee Enterprises, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Apogee Enterprises, Inc.'s free cash flow after stock-based pay gives ~$76 per share in the base case, and ~$53–$110 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Apogee Enterprises, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Apogee Enterprises, Inc. buying back stock, and does it pay a dividend?
Apogee Enterprises, Inc. spent $31.1M on share repurchases over the trailing twelve months, and its diluted share count fell 1.4% over the year.
What is Apogee Enterprises, Inc.'s market cap?
On November 2, 2026, Apogee Enterprises, Inc.'s market capitalisation was about $1B, with a price-to-earnings ratio of 14.9 and net debt of $299M. Market figures come from third-party market data and may be delayed.
Does Apogee Enterprises, Inc. pay a dividend?
Yes: Apogee Enterprises, Inc. paid $22.3M in dividends over the trailing twelve months, a dividend yield of 2.28% and a payout ratio of 33.3%.
How much debt does Apogee Enterprises, Inc. have?
Apogee Enterprises, Inc.'s debt-to-equity ratio is 64.1%, from its latest balance sheet (41.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Apogee Enterprises, Inc.'s competitors?
In our Building Products peer group, the companies closest to Apogee Enterprises, Inc. are Interface Inc, Worthington Enterprises, Inc., Hillman Solutions Corp., CSW Industrials, Inc. and Trex Co Inc. The side-by-side comparison below sets their revenue, margins and growth against Apogee Enterprises, Inc.'s.
Are insiders buying or selling Apogee Enterprises, Inc. stock?
Over the last 12 months, Apogee Enterprises, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Apogee Enterprises, Inc.'s next earnings date?
Around January 6, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Apogee Enterprises, Inc. announces its own schedule.