# Apogee Enterprises, Inc. (APOG)

> Source: Nexqual · https://nexqual.com/APOG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Apogee Enterprises, Inc. (APOG), nexqual.com/APOG" · informational, not investment advice.

**Price:** USD 44.29 (+1.40% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 43.68 · day 43.46–44.61 · 52w 30.75–50.88 · market cap $925M · NMS

## Key facts
- Last four reported quarters (through Aug 29, 2026): revenue $1.43B, net income $67.1M (4.7% margin), free cash flow $95.2M (SEC filings).
- Valuation: P/E 13.8x (avg 13.6x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (1 analysts), mean target USD 45.5 (range 40–51).
- Total return with dividends: 1Y +17.8% vs S&P 500 +14.9%; 5Y +22.7% vs S&P 500 +80.3%.
- Next earnings: 2027-01-06, EPS estimate USD 0.8, revenue estimate $371M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.44B | $1.42B | $1.36B | $1.40B | $1.43B |
| Gross profit | $274M | $335M | $367M | $360M | $319M | — |
| Operating income | $22.0M | $126M | $134M | $118M | $84.5M | $103M |
| Net income | $3.5M | $104M | $99.6M | $85.1M | $54.1M | $67.1M |
| EPS (diluted) | $0.14 | $4.64 | $4.51 | $3.89 | $2.52 | — |
| Free cash flow | $78.6M | $57.5M | $161M | $89.6M | $95.2M | $95.2M |
| Gross margin | 20.9% | 23.3% | 25.9% | 26.4% | 22.7% | — |
| Operating margin | 1.7% | 8.7% | 9.4% | 8.7% | 6.0% | 7.2% |
| Net margin | 0.3% | 7.2% | 7.0% | 6.2% | 3.9% | 4.7% |
| Revenue growth | +6.8% | +9.6% | -1.6% | -3.9% | +3.2% | — |
| Cash + short-term investments | $37.6M | $19.9M | $37.2M | $46.2M | $45.7M | — |
| Total debt | $163M | $170M | $62.0M | $285M | $232M | — |
Fiscal years end Feb. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 29, 2026)
P/E 13.8x · P/S 0.7x · P/FCF 9.7x · P/B 1.8x · FCF yield 10.28% · Earnings yield 7.25% · Dividend yield (paid, TTM) 2.41% · Buyback yield (TTM) 3.36%
P/E at fiscal year-ends: Feb 2026 15.8x, Mar 2025 11.9x, Mar 2024 13.1x.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 1 analysts; mean target USD 45.5 (low 40, high 51).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +17.8% | +22.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.8% | +4.2% |
| Volatility (annualized) | 41.9% | 39.2% |
| Max drawdown | -27.2% (Jun 2026→Sep 2026) | -62.0% (Nov 2024→Mar 2026) |

## Peers (Building Products & Equipment)
NPKI (NPK International Inc.) USD 10.76 -2.98% · NX (Quanex Building Products Corpor) USD 20.65 +3.56% · SWIM (Latham Group, Inc.) USD 6.54 +3.65% · ROCK (Gibraltar Industries, Inc.) USD 39.27 +1.26% · ARLO (Arlo Technologies, Inc.) USD 12.6 +3.70% · JBI (Janus International Group, Inc.) USD 4.52 +5.85%

## More
Full page: https://nexqual.com/APOG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-08-29)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Architectural Metals | $143.5M | 36.7% | +1.8% |
| Architectural Services | $108.5M | 27.7% | +7.9% |
| Architectural Glass | $83.9M | 21.4% | +22.7% |
| Performance Surfaces | $55.3M | 14.1% | +14.2% |
| Total revenue | $391.1M | 100% | — |

## Revenue by region (fiscal year ended 2026-02-28)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $1.34B | 93.9% | +6.2% |
| Canada | $51.3M | 3.6% | -39.9% |
| Brazil | $16.0M | 1.1% | -4.0% |
| Total revenue | $1.42B | 100% | — |

## Company outlook (8-K filed 2026-10-06)

- "Reflecting stronger-than-expected first-half performance, the anticipated contributions from Kalwall and Groglass, and current macroeconomic conditions, the Company is raising its fiscal 2027 outlook."
- "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."
- "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."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-11-30) | $0.80 | $0.83 | -3.6% | $371.3M | 2 |
| Next quarter (ends 2027-02-28) | $0.81 | $0.99 | -18.2% | $376.1M | 2 |
| Current fiscal year (ends 2027-02-28) | $3.35 | $2.89 | +16.1% | $1.48B | 2 |
| Next fiscal year (ends 2028-02-29) | $3.95 | $3.90 | +1.3% | $1.58B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-02-19 (includes earnings 2027-01-06): ±18.2%; earnings reaction alone ±9.3%; last 8 reports averaged ±11%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 35.5% | ±8.1% |
| 2026-12-18 | 56 | 34.2% | ±10.9% |
| 2027-02-19 | 119 | 39.7% | ±18.2% |
| 2027-05-21 | 210 | 40.5% | ±24.3% |