Apogee Enterprises (APOG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Apogee Enterprises

NasdaqGS•Industrials•Building Products & Equipment

$37.48-0.68(-0.02%)Market open

Market Cap

$803.08M

P/E

11.7x

P/S

0.6x

P/B

1.6x

Apogee Enterprises, Inc. engages in the provision of architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. It operates in four segments: Architectural Metals, Architectural Glass, Architectural Services, and Performance Surfaces. The Architectural Metals segment designs, engineers, fabricates, and finishes aluminum window, curtainwall, storefront, and entrance systems for applications in non-residential construction under Tubelite, EFCO, Wasau and Linetec, and Alumicor brands. The Architectural Glass segment cuts, treats, coats, and fabricates glass used in custom window and wall systems under the Viracon and GlassecViracon brand names. The Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install architectural curtainwall systems and other façade-related systems under the Harmon brand. The Performance Surfaces segment develops and manufactures coated materials for a variety of applications, including wall decor, museums, graphic design, digital displays, architectural interiors, and industrial flooring under Tru Vue, ResinDEK, RDC Coatings, ChromaLuxe, and Unisub brands. Its products and services are primarily used in commercial buildings, such as office buildings, hotels, and retail centers; institutional buildings comprising education facilities, health care facilities, and government buildings; transportation facilities, such as airports and transit terminals, as well as multi-family residential buildings. The company markets its architectural products and services through direct sales force, independent sales representatives, and distributors, and glazing subcontractors and general contractors; and retail chains. The company was incorporated in 1949 and is based in Minneapolis, Minnesota.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (16/25).

Profitability16/25

Growth19/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowRising earningsLow leverageCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.7x5y range 8.0x – 315.8x

Currently near its 19-quarter median.

P/S · 0.6x5y range 0.6x – 1.3x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.5x – 3.5x

Price & Volume

Market Cap $803.08M

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.40B
Q. Revenue: $342.68M
TTM EBITDA: $146.52M
TTM Op. Income: $96.38M
Q. Op. Income: $18.84M
TTM Net Income: $68.35M
Q. Net Income: $11.54M
EPS: $0.55
Shares Out.: $21.05M

$1.40B in TTM revenue grew 1.8% YoY, reaching $342.68M last quarter. TTM EBITDA of $146.52M and TTM operating income of $96.38M show growth is flowing through to the bottom line. TTM net income of $68.35M means revenue is converting into profit. Over the past year, TTM revenue is up 2% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.9%
EBITDA Margin: 9.2%
Op. Margin: 5.5%
Net Margin: 3.4%

Op. margin of 5.5% is up 3.5% YoY — cost efficiency is improving. Net margin at 3.4% and gross margin of 21.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 175% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.7x
P/S Ratio: 0.6x
P/B Ratio: 1.6x

At 11.7x P/E, the stock trades below typical market levels. P/S of 0.6x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.10B
Cash: $26.43M
Long-Term Debt: $237.41M
Book Value: $512.02M
D/E Ratio: 0.5
Debt/EBITDA: 7.6

With $1.10B in assets and $237.41M in long-term debt, D/E is 0.5and book value is $512.02M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 28% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $7.43M
TTM Free Cash Flow: $123.25M
FCF Margin: 8.8%
FCF / Net Income: 1.8

TTM FCF of $123.25M on $7.43M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.