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Apogee Enterprises, Inc. (APOG) 10-Year Financial Performance & Capital Metrics

APOG • • Industrial / General
IndustrialsConstructionBuilding Materials & ComponentsGlass & Glazing Systems
AboutApogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings. The Architectural Glass segment fabricates coated and high-performance glass used in customized window and wall systems, including the outside skin of commercial, institutional, and multi-family residential buildings. The Architectural Services segment offers full-service installation of the walls of glass, windows, and other curtain wall products making up the outside skin of commercial and institutional buildings. The LSO segment manufactures value-added glass and acrylic products for framing and display applications. The company's products and services are primarily used in commercial buildings, such as office buildings, hotels, and retail centers; and institutional buildings comprising education facilities, health care facilities, and government buildings, as well as multi-family residential buildings. It markets its architectural products and services through direct sales force, independent sales representatives, and distributors to glazing subcontractors and general contractors; and value-added glass and acrylics through retail chains, picture-framing shops, and independent distributors to museums, galleries, and other customers. The company was incorporated in 1949 and is based in Minneapolis, Minnesota.Show more
  • Revenue $1.36B -3.9%
  • EBITDA $163M -7.2%
  • Net Income $85M -14.6%
  • EPS (Diluted) 3.89 -13.7%
  • Gross Margin 26.75% +1.7%
  • EBITDA Margin 11.96% -3.4%
  • Operating Margin 8.68% -8.1%
  • Net Margin 6.25% -11.1%
  • ROE 17.74% -22.8%
  • ROIC 13.24% -25.4%
  • Debt/Equity 0.72 +219.9%
  • Interest Coverage 19.18 -4.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 22.4%
  • ✓13 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 2.7%
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.84%
5Y-0.38%
3Y1.18%
TTM1.19%

Profit (Net Income) CAGR

10Y5.35%
5Y6.56%
3Y190.04%
TTM-57.39%

EPS CAGR

10Y8.5%
5Y10.89%
3Y202.88%
TTM-56.84%

ROCE

10Y Avg14.04%
5Y Avg12.25%
3Y Avg18.26%
Latest15.45%

Peer Comparison

Glass & Glazing Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
APOGApogee Enterprises, Inc.789.42M36.709.43-3.95%3.19%8.88%11.35%0.72

Profit & Loss

Feb 2016Feb 2017Feb 2018Feb 2019Feb 2020Feb 2021Feb 2022Feb 2023Feb 2024Feb 2025
Sales/Revenue+981.19M1.11B1.33B1.4B1.39B1.23B1.31B1.44B1.42B1.36B
Revenue Growth %0.05%0.14%0.19%0.06%-0.01%-0.11%0.07%0.1%-0.02%-0.04%
Cost of Goods Sold+737.62M822.51M992.65M1.11B1.08B955.08M1.01B1.11B1.04B996.92M
COGS % of Revenue0.75%0.74%0.75%0.79%0.78%0.78%0.77%0.77%0.74%0.73%
Gross Profit+243.57M292.02M333.52M293.56M303.96M275.69M302.36M335.27M372.63M364.08M
Gross Margin %0.25%0.26%0.25%0.21%0.22%0.22%0.23%0.23%0.26%0.27%
Gross Profit Growth %0.17%0.2%0.14%-0.12%0.04%-0.09%0.1%0.11%0.11%-0.02%
Operating Expenses+146.18M169.8M219.23M226.28M216.11M250.16M280.32M209.49M238.79M245.97M
OpEx % of Revenue0.15%0.15%0.17%0.16%0.16%0.2%0.21%0.15%0.17%0.18%
Selling, General & Admin138.18M161.2M188.93M197.44M214.81M179.89M192.54M205.28M221.5M214.85M
SG&A % of Revenue0.14%0.14%0.14%0.14%0.15%0.15%0.15%0.14%0.16%0.16%
Research & Development8M8.6M14M19.5M16.6M15.3M17.3M25.5M30.3M29M
R&D % of Revenue0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.02%0.02%0.02%
Other Operating Expenses0016.3M9.34M-15.3M54.97M70.47M-21.3M-13M2.11M
Operating Income+97.39M122.22M114.28M67.28M87.85M25.53M22.05M125.79M133.83M118.11M
Operating Margin %0.1%0.11%0.09%0.05%0.06%0.02%0.02%0.09%0.09%0.09%
Operating Income Growth %0.53%0.25%-0.06%-0.41%0.31%-0.71%-0.14%4.71%0.06%-0.12%
EBITDA+128.64M157.83M169.13M117.08M134.64M76.97M72.04M168.19M175.42M162.72M
EBITDA Margin %0.13%0.14%0.13%0.08%0.1%0.06%0.05%0.12%0.12%0.12%
EBITDA Growth %0.38%0.23%0.07%-0.31%0.15%-0.43%-0.06%1.33%0.04%-0.07%
D&A (Non-Cash Add-back)31.25M35.61M54.84M49.8M46.8M51.44M49.99M42.4M41.59M44.61M
EBIT97.39M122.22M114.28M70.42M72.85M88.2M102.02M125.79M146.23M140.32M
Net Interest Income+388K37K-4.97M-8.09M-8.81M-4.41M-3.77M-7.66M-6.67M-6.16M
Interest Income981K1.01M538K355K000000
Interest Expense593K971K5.51M8.45M8.81M4.41M3.77M7.66M6.67M6.16M
Other Income/Expense-69K580K-4.4M-8.62M-8.1M-2.92M-8.18M-9.17M-4.58M-5.54M
Pretax Income+97.32M122.81M109.88M58.66M79.75M22.61M13.87M116.62M129.25M112.57M
Pretax Margin %0.1%0.11%0.08%0.04%0.06%0.02%0.01%0.08%0.09%0.08%
Income Tax+31.98M37.02M30.39M12.97M17.84M7.17M10.38M12.51M29.64M27.52M
Effective Tax Rate %0.67%0.7%0.72%0.78%0.78%0.68%0.25%0.89%0.77%0.76%
Net Income+65.34M85.79M79.49M45.69M61.91M15.44M3.49M104.11M99.61M85.05M
Net Margin %0.07%0.08%0.06%0.03%0.04%0.01%0%0.07%0.07%0.06%
Net Income Growth %0.29%0.31%-0.07%-0.43%0.35%-0.75%-0.77%28.86%-0.04%-0.15%
Net Income (Continuing)65.34M85.79M79.49M45.69M61.91M15.44M3.49M104.11M99.61M85.05M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+2.222.972.761.632.320.590.144.644.513.89
EPS Growth %0.29%0.34%-0.07%-0.41%0.42%-0.75%-0.76%32.14%-0.03%-0.14%
EPS (Basic)2.252.982.791.642.340.590.144.734.553.91
Diluted Shares Outstanding29.38M28.89M28.8M28.08M26.73M26.3M25.29M22.42M22.09M21.89M
Basic Shares Outstanding29.43M28.89M28.8M28.03M26.69M26.16M24.92M22.44M22.09M21.86M
Dividend Payout Ratio0.2%0.17%0.21%0.39%0.3%1.27%5.81%0.19%0.21%0.26%

Balance Sheet

Feb 2016Feb 2017Feb 2018Feb 2019Feb 2020Feb 2021Feb 2022Feb 2023Feb 2024Feb 2025
Total Current Assets+336.79M297.46M336.33M371.9M381.91M350.67M337.89M383.1M358.64M442.1M
Cash & Short-Term Investments90.64M20.01M19.78M17.09M14.95M47.28M37.58M19.92M40.01M46.25M
Cash Only60.47M19.46M19.36M17.09M14.95M47.28M37.58M19.92M37.22M41.45M
Short-Term Investments30.17M548K423K000002.8M4.8M
Accounts Receivable172.83M187.48M218.01M247.86M270.39M205.41M199M256.67M223.06M257.43M
Days Sales Outstanding64.2961.46064.571.1360.9255.2865.0357.4669.04
Inventory56.85M73.41M80.91M78.34M71.09M72.82M80.49M78.44M69.24M92.31M
Days Inventory Outstanding28.1332.5829.7525.7823.9527.8329.0425.924.233.8
Other Current Assets16.47M16.56M17.63M28.61M-48.1M25.16M20.82M28.07M23.53M46.12M
Total Non-Current Assets+320.65M484.13M678.32M696.27M747.08M664.42M549.97M532.26M525.42M733.16M
Property, Plant & Equipment202.46M246.75M304.06M315.82M324.39M298.44M250M290.22M284.44M330.45M
Fixed Asset Turnover4.85x4.52x4.36x4.44x4.28x4.12x5.26x4.96x4.98x4.12x
Goodwill74M101.33M180.96M185.83M185.52M130.1M130.1M129.03M129.18M235.78M
Intangible Assets19.86M106.69M167.35M148.24M140.19M130.05M72.48M67.38M66.11M128.42M
Long-Term Investments12.52M9.04M8.63M-360.52M012.01M10.57M7.77M8.11M5.16M
Other Non-Current Assets-3.9M16.3M15.97M380.45M96.99M93.82M86.82M37.87M37.59M33.36M
Total Assets+657.44M784.66M1.01B1.07B1.13B1.02B887.86M915.37M884.06M1.18B
Asset Turnover1.49x1.42x1.31x1.31x1.23x1.21x1.48x1.57x1.60x1.16x
Asset Growth %0.07%0.19%0.29%0.05%0.06%-0.1%-0.13%0.03%-0.03%0.33%
Total Current Liabilities+177.38M186.06M208.15M227.51M426.86M217.55M232.95M242.55M244.71M285.46M
Accounts Payable64.76M63.18M68.42M72.22M69.06M76.2M92.1M86.55M84.75M98.8M
Days Payables Outstanding32.0528.0425.1623.7723.2629.1233.2328.5829.6236.17
Short-Term Debt00005.4M2M1M000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities26.87M29.34M19.19M47.59M104.06M37.77M48.98M57.4M56.99M136.17M
Current Ratio1.90x1.60x1.62x1.63x0.89x1.61x1.45x1.58x1.47x1.55x
Quick Ratio1.58x1.20x1.23x1.29x0.73x1.28x1.10x1.26x1.18x1.23x
Cash Conversion Cycle60.3865.9464.666.5271.8259.6351.0962.3552.0466.66
Total Non-Current Liabilities+73.86M128.02M302.81M344.34M185.36M304.8M268.72M276.41M168.33M401.92M
Long-Term Debt20.4M65.4M215.86M245.72M212.5M163M162M169.84M62M285M
Capital Lease Obligations000043.16M48.44M39.59M33.07M31.91M51.63M
Deferred Tax Liabilities4.97M4.03M4.66M-26.46M-15.72M15.1M2.3M1.42M1.46M1.26M
Other Non-Current Liabilities48.49M41.89M65.59M98.61M79.69M62.55M55.67M52.48M53.45M53.87M
Total Liabilities251.25M314.08M510.96M571.85M612.21M522.35M501.66M518.96M413.04M687.37M
Total Debt+20.4M65.4M215.86M245.72M272.33M226.69M215.34M214.72M106.19M351.92M
Net Debt-40.07M45.94M196.5M228.64M257.38M179.41M177.75M194.79M68.98M310.47M
Debt / Equity0.05x0.14x0.42x0.50x0.53x0.46x0.56x0.54x0.23x0.72x
Debt / EBITDA0.16x0.41x1.28x2.10x2.02x2.95x2.99x1.28x0.61x2.16x
Net Debt / EBITDA-0.31x0.29x1.16x1.95x1.91x2.33x2.47x1.16x0.39x1.91x
Interest Coverage164.24x125.88x20.75x7.96x9.97x5.79x5.85x16.42x20.07x19.18x
Total Equity+406.19M470.58M510.61M496.32M516.78M492.75M386.2M396.41M471.02M487.9M
Equity Growth %0.06%0.16%0.09%-0.03%0.04%-0.05%-0.22%0.03%0.19%0.04%
Book Value per Share13.8316.2917.7317.6719.3318.7315.2717.6821.3222.29
Total Shareholders' Equity406.19M470.58M510.61M496.32M516.78M492.75M386.2M396.41M471.02M487.9M
Common Stock9.56M9.56M9.39M9.01M8.81M8.57M7.9M7.41M7.36M7.14M
Retained Earnings282.48M342M373.26M367.6M388.01M357.24M254.82M273.74M340.38M359.98M
Treasury Stock0000000000
Accumulated OCI-31.37M-31.09M-24.05M-32.13M-34.06M-28.03M-26.24M-31.56M-29.53M-35.29M
Minority Interest0000000000

Cash Flow

Feb 2016Feb 2017Feb 2018Feb 2019Feb 2020Feb 2021Feb 2022Feb 2023Feb 2024Feb 2025
Cash from Operations+123.95M120.95M127.31M96.42M107.26M141.86M100.47M102.7M204.15M125.16M
Operating CF Margin %0.13%0.11%0.1%0.07%0.08%0.12%0.08%0.07%0.14%0.09%
Operating CF Growth %0.81%-0.02%0.05%-0.24%0.11%0.32%-0.29%0.02%0.99%-0.39%
Net Income65.34M85.79M79.49M45.69M61.91M15.44M3.49M104.11M99.61M85.05M
Depreciation & Amortization31.25M35.61M54.84M49.8M46.8M51.44M49.99M42.4M41.59M44.61M
Stock-Based Compensation4.92M5.99M6.21M6.29M6.61M8.57M6.29M8.66M9.72M10.72M
Deferred Taxes-6.14M-1.06M3.19M-5.51M10.46M-6.46M-7.96M-7.18M-9.75M3.84M
Other Non-Cash Items-4.17M327K-290K7.34M-2.12M61.57M61.13M12.33M18.67M20.54M
Working Capital Changes32.75M-5.7M-16.13M-7.19M-16.39M11.3M-12.47M-57.61M44.31M-39.6M
Change in Receivables-2.92M3.46M18.17M18.16M-4.22M21.63M3.86M-58.84M33.87M-508K
Change in Inventory-2.8M-6.39M11.52M5.11M7.14M-1.44M-7.71M1.73M9.37M-5.81M
Change in Payables17.27M16.48M-25.89M-32.09M-18.84M79K7.01M10.21K-2.65M9.6M
Cash from Investing+-77.86M-180.78M-225.73M-53.7M-47.04M-2.15M9.28M-27.71M-43.67M-265.89M
Capital Expenditures-42.04M-68.06M-53.2M-60.72M-51.43M-26.16M-21.84M-45.18M-43.18M-35.59M
CapEx % of Revenue0.04%0.06%0.04%0.04%0.04%0.02%0.02%0.03%0.03%0.03%
Acquisitions----------
Investments----------
Other Investing-4.05M-6.79M20.32M-50.59M-47.79M-1.2M525K7.75M293K693K
Cash from Financing+-36.41M18.66M98.33M-32.33M-74.51M-107.88M-120.57M-91.02M-144.61M146.05M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-13.18M-14.67M-16.39M-17.86M-18.71M-19.6M-20.27M-19.67M-21.13M-21.74M
Share Repurchases----------
Other Financing1.74M-842K-1.56M-1.14M-3.16M-2.26M2.11M-4.05M-3.8M-9.85M
Net Change in Cash----------
Free Cash Flow+81.91M52.89M74.11M35.71M55.83M115.7M78.63M57.52M160.97M89.57M
FCF Margin %0.08%0.05%0.06%0.03%0.04%0.09%0.06%0.04%0.11%0.07%
FCF Growth %0.98%-0.35%0.4%-0.52%0.56%1.07%-0.32%-0.27%1.8%-0.44%
FCF per Share2.791.832.571.272.094.403.112.577.294.09
FCF Conversion (FCF/Net Income)1.90x1.41x1.60x2.11x1.73x9.19x28.82x0.99x2.05x1.47x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)16.57%19.57%16.2%9.08%12.22%3.06%0.79%26.61%22.97%17.74%
Return on Invested Capital (ROIC)20.38%20.77%14.01%7.05%8.79%2.65%2.68%16.33%17.75%13.24%
Gross Margin24.82%26.2%25.15%20.93%21.91%22.4%23.01%23.27%26.3%26.75%
Net Margin6.66%7.7%5.99%3.26%4.46%1.25%0.27%7.23%7.03%6.25%
Debt / Equity0.05x0.14x0.42x0.50x0.53x0.46x0.56x0.54x0.23x0.72x
Interest Coverage164.24x125.88x20.75x7.96x9.97x5.79x5.85x16.42x20.07x19.18x
FCF Conversion1.90x1.41x1.60x2.11x1.73x9.19x28.82x0.99x2.05x1.47x
Revenue Growth5.06%13.59%18.99%5.77%-1.08%-11.29%6.76%9.64%-1.65%-3.95%

Revenue by Segment

2016201720182019202020212022202320242025
Architectural Metals---------524.71M
Architectural Metals Growth----------
Architectural Services segment245.94M270.94M213.76M286.31M269.14M295.81M349.39M410.63M378.45M419.86M
Architectural Services segment Growth-10.17%-21.10%33.94%-6.00%9.91%18.11%17.53%-7.84%10.94%
Architectural Glass---367.2M--309.24M316.55M378.42M322.2M
Architectural Glass Growth-------2.36%19.54%-14.86%
Performance Surfaces---------122.13M
Performance Surfaces Growth----------
Architectural Framing308.59M385.98M677.2M720.83M686.6M570.85M596.61M649.78M601.74M-
Architectural Framing Growth-25.08%75.45%6.44%-4.75%-16.86%4.51%8.91%-7.39%-
Large Scale Optical88.54M89.71M88.3M-87.91M70.05M101.67M104.22M99.22M-
Large Scale Optical Growth-1.32%-1.57%---20.32%45.14%2.50%-4.79%-
Architectural377.71M411.88M384.14M-387.19M330.26M----
Architectural Growth-9.05%-6.74%---14.70%----
Intersegment Eliminations-39.59M-43.97M-37.22M-60.2M-43.4M-----
Intersegment Eliminations Growth--11.06%15.35%-61.74%27.91%-----
Large Scale Optical---88.49M------
Large Scale Optical Growth----------

Revenue by Geography

2016201720182019202020212022202320242025
UNITED STATES923.02M1.03B1.19B1.26B1.25B1.12B1.19B1.3B1.3B1.26B
UNITED STATES Growth-11.72%15.20%6.01%-0.40%-11.04%7.01%8.96%-0.44%-2.82%
CANADA39.32M65.96M122.98M128.74M120.5M102.72M102.03M120.56M101.06M85.42M
CANADA Growth-67.73%86.45%4.68%-6.40%-14.75%-0.68%18.17%-16.18%-15.47%
BRAZIL18.85M17.36M15.27M14.58M12.63M12.18M17.81M18.96M20.45M16.69M
BRAZIL Growth--7.88%-12.04%-4.50%-13.39%-3.56%46.20%6.48%7.85%-18.39%

Frequently Asked Questions

Valuation & Price

Apogee Enterprises, Inc. (APOG) has a price-to-earnings (P/E) ratio of 9.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Apogee Enterprises, Inc. (APOG) reported $1.39B in revenue for fiscal year 2025. This represents a 110% increase from $662.5M in 2012.

Apogee Enterprises, Inc. (APOG) saw revenue decline by 3.9% over the past year.

Yes, Apogee Enterprises, Inc. (APOG) is profitable, generating $44.4M in net income for fiscal year 2025 (6.2% net margin).

Dividend & Returns

Yes, Apogee Enterprises, Inc. (APOG) pays a dividend with a yield of 2.71%. This makes it attractive for income-focused investors.

Apogee Enterprises, Inc. (APOG) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.

Apogee Enterprises, Inc. (APOG) generated $66.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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