APOG
Apogee Enterprises, Inc.
APOG's fundamentals are strong: free cash flow grew 43% and earnings per share grew 54%. At 15x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
APOG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
APOG's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
APOG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $33.73 | -29% |
| Forward | 14x | $47.41 | — |
| Fair | 15x | $46.28 | -2.4% |
| Current | 15x | $47.41 | — |
| Expensive | 44x | $139 | +193% |
Historical ranges are pointers, not guarantees.
APOG's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
APOG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for APOG, with profitability holding steady.
APOG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.37 | +6.6% |
| Q3 2026 | $3.16 | +54% |
| Q2 2026 | $3.19 | +36% |
| Q1 2026 | $2.52 | -35% |
| Q4 2025 | $1.86 | -58% |
| Q3 2025 | $2.05 | -57% |
| Q2 2025 | $2.35 | -52% |
| Q1 2025 | $3.89 | -14% |
| Q4 2024 | $4.48 | -4.5% |
APOG's earnings per share have fallen from their peak: $3.16 over the past year, against $4.87 in mid-2024.
APOG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $391.1M | +9.2% |
| Q2 2026 | $342.7M | -1.1% |
| Q1 2026 | $351.4M | +1.6% |
| Q4 2025 | $348.6M | +2.1% |
| Q3 2025 | $358.2M | +4.6% |
| Q2 2025 | $346.6M | +4.6% |
| Q1 2025 | $345.7M | -4.5% |
| Q4 2024 | $341.3M | +0.5% |
APOG's revenue grew through 2022 and has held roughly level since: $391M last quarter, up 9.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.6% | +1.1 points |
| Q2 2026 | 5.5% | +3.5 points |
| Q1 2026 | 7.3% | +5.6 points |
| Q4 2025 | 7.1% | -1.3 points |
| Q3 2025 | 7.5% | -4.7 points |
| Q2 2025 | 2% | -11 points |
| Q1 2025 | 1.8% | -4.3 points |
| Q4 2024 | 8.4% | -2.7 points |
APOG's operating margin was 8.6% last quarter, up 1.1 points from the same quarter a year ago.
APOG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $24.3M | -54% |
| Q2 2026 | $1.1M | +$28.1M |
| Q1 2026 | $46.9M | +145% |
| Q4 2025 | $22.9M | +4.1% |
| Q3 2025 | $52.4M | +4.3% |
| Q2 2025 | -$26.9M | -$25.2M |
| Q1 2025 | $19.1M | -67% |
| Q4 2024 | $22M | -60% |
APOG still generates free cash flow, though less than at its 2024 peak: $95M over the past year.
APOG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -411K shares |
| 1 year | -3.2% | -689K shares |
| 3 years | -4.8% | -1.1M shares |
| 5 years | -17% | -4.2M shares |
| Available history | -22% | -5.8M shares |
APOG has 21M diluted shares, down 3.2% from a year ago, with $31M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.4M |
| Q2 2026 | $9.7M |
| Q1 2026 | $15M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $30.3M |
| Q4 2024 | — |
APOG spent $31M buying back its own shares over the past year, up 2.6% from the year before.
APOG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.3x | Healthy |
APOG's net debt is about 1.9 years of its operating earnings (EBITDA), about the same as a year ago.
APOG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.6 | Neutral |
| Stochastic | 85.8 | Overbought |
APOG's weekly RSI is 64 (neutral) and its Stochastic is 86 (overbought).
APOG PE vs Industrials Sector
| Metric | APOG | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 38% below |
| PE % | 52 | 58 | 6 pts below |
APOG is trading at 15x earnings, a 38% discount to the Industrials sector's median of 24x.
APOG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.1 | 13% above |
| 20 week MA | $41.0 | 16% above |
| 50 week MA | $39.0 | 22% above |
| 100 week MA | $42.0 | 13% above |
| 200 week MA | $48.7 | 2.6% below |
APOG has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 2.6% below its 200-week average.
APOG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.5 | $32.7 | +0.5% |
| 2021 | $32.7 | $47.2 | +44% |
| 2022 | $47.2 | $43.9 | -7% |
| 2023 | $43.9 | $53.4 | +22% |
| 2024 | $53.4 | $72.3 | +35% |
| 2025 | $72.3 | $38.0 | -48% |
| 2026 YTD | $38.0 | $47.4 | +25% |
APOG has finished higher in four of the last six years. It's up 25% so far in 2026.