Apogee Enterprises (APOG)
NASDAQ:APOG
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Apogee
(NASDAQ:APOG)
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Rating:59Neutral
Price Target:
$35.00
▼(-0.20% Downside)
Action:ReiteratedDate:01/23/26
APOG scores in the high-50s primarily due to weaker recent profitability, lower returns, and higher leverage despite solid revenue growth and still-positive free cash flow. Technicals are moderately supportive with price above key moving averages, but momentum is mixed and near-term overbought signals add risk. Valuation is reasonable but not compelling given margin pressure, while earnings-call guidance and cost-savings initiatives help offset (but do not remove) tariff and input-cost headwinds.
Positive Factors
Services growth & backlog
Sustained services revenue and a growing $775M backlog provide durable, contract-driven revenue visibility and recurring service demand. Services margins (9.7%) and multi-quarter growth reduce dependence on cyclical new-build product sales and improve predictability of cash flows over the medium term.
Negative Factors
Margin compression
Sharp margin deterioration materially reduces return on invested capital and the company's financial buffer. Persistently lower margins constrain reinvestment, dividend capacity, and the ability to absorb future cost increases, making earnings more vulnerable to cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Services growth & backlog
Sustained services revenue and a growing $775M backlog provide durable, contract-driven revenue visibility and recurring service demand. Services margins (9.7%) and multi-quarter growth reduce dependence on cyclical new-build product sales and improve predictability of cash flows over the medium term.
Read all positive factors
Apogee (APOG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$779.10M
Dividend Yield2.77%
Average Volume (3M)294.10K
Price to Earnings (P/E)11.7
Beta (1Y)0.98
Revenue Growth1.19%
EPS Growth-56.98%
CountryUS
Employees4,500
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)1.02
Shares Outstanding21,510,117
10 Day Avg. Volume222,928
30 Day Avg. Volume294,097
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)2.15
Price to Sales (P/S)0.77
P/FCF Ratio11.70
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit3.17
Enterprise Value/Ebitda6.81
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.25
Revenue Forecast (FY)$1.38B
Apogee Business Overview & Revenue Model
Company Description
Apogee 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 La...
How the Company Makes Money
Apogee makes money primarily by selling and delivering architectural glass and metal framing systems for commercial building projects, and by providing value-added services tied to those projects. Revenue is generated through (1) product sales of ...
Apogee Earnings Call Summary
Earnings Call Date:Nov 29, 2025
(Q3-2026)
| Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Neutral
The call presented a mix of constructive execution and meaningful near-term headwinds. Positive takeaways include the successful integration of UW Solutions (on track to deliver $100M sales and ~20% EBITDA margin), ongoing operational improvements via AMS and Fortify (expanded to target ~$25–26M annual pretax savings), continued services momentum (7th consecutive quarter of sales growth and backlog up >4%), and a strong balance sheet (1.4x leverage, no near-term maturities). Offsetting these positives are notable challenges: higher aluminum prices (up ~13% QoQ and >50% YoY) pressuring metals volume and margins, soft pricing in glass, a significant year-to-date decline in operating cash flow (~29% lower vs prior year), and FY26 EPS headwinds from tariffs (~$0.30) plus acquisition-related amortization/interest. Management has updated FY26 guidance and is taking restructuring and cost actions, but macro-driven margin compression and cash-flow weakness temper near-term optimism.Positive Updates
Modest Consolidated Revenue Growth
Net sales increased 2.1% year-over-year to $348.6 million in the quarter, driven primarily by $18.4 million of inorganic sales from the UW Solutions acquisition and favorable product mix.
Negative Updates
Adjusted EBITDA Margin Pressure Consolidated
Consolidated adjusted EBITDA margin decreased slightly to 13.2% year-over-year, primarily due to lower volume and price, and higher aluminum and health insurance costs.
Read all updates
Q3-2026 Updates
Positive
Negative
Modest Consolidated Revenue Growth
Net sales increased 2.1% year-over-year to $348.6 million in the quarter, driven primarily by $18.4 million of inorganic sales from the UW Solutions acquisition and favorable product mix.
Read all positive updates
Company Guidance
Management updated fiscal 2026 guidance to net sales of approximately $1.39 billion and adjusted diluted EPS of $3.40–$3.50 (including an estimated $0.30 EPS drag from tariffs), with an adjusted effective tax rate of ~27% and capital expenditures of $25–30 million; they plan Project Fortify Phase 2 to incur ~$28–29 million of pretax charges and deliver ~$25–26 million of annual pretax cost savings (about $10 million of benefit in fiscal 2027). For context Q3 results included net sales of $348.6 million, consolidated adjusted EBITDA margin of 13.2% (metals 13.5%, services 9.7%, glass ≈$71M sales), Q3 operating cash flow of $29.3M (YTD $66.6M vs prior $95.1M), services backlog $775M (up >4% YoY), consolidated leverage of 1.4x with no near‑term maturities, and UW Solutions on track for ~$100M net sales at ~20% adjusted EBITDA margin; management also noted aluminum prices rose ~13% QoQ and >50% YoY and expects most tariff impact not to repeat in FY27.Apogee Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.40B | 1.36B | 1.42B | 1.44B | 1.31B | 1.23B |
| Gross Profit | 331.27M | 364.08M | 372.63M | 335.27M | 302.36M | 275.69M |
| EBITDA | 154.09M | 184.93M | 187.82M | 168.19M | 152.01M | 139.64M |
| Net Income | 40.00M | 85.05M | 99.61M | 104.11M | 3.49M | 15.44M |
Balance Sheet | ||||||
| Total Assets | 1.12B | 1.18B | 884.06M | 915.37M | 887.86M | 1.02B |
| Cash, Cash Equivalents and Short-Term Investments | 48.48M | 46.25M | 40.01M | 19.92M | 37.58M | 47.28M |
| Total Debt | 311.49M | 351.92M | 106.19M | 214.72M | 215.34M | 226.69M |
| Total Liabilities | 603.74M | 687.37M | 413.04M | 518.96M | 501.66M | 522.35M |
| Stockholders Equity | 512.29M | 487.90M | 471.02M | 396.41M | 386.20M | 492.75M |
Cash Flow | ||||||
| Free Cash Flow | 67.44M | 89.57M | 160.97M | 57.52M | 78.63M | 115.70M |
| Operating Cash Flow | 96.65M | 125.16M | 204.15M | 102.70M | 100.47M | 141.86M |
| Investing Cash Flow | -24.57M | -265.89M | -43.67M | -27.71M | 9.28M | -2.15M |
| Financing Cash Flow | -74.88M | 146.05M | -144.61M | -91.02M | -120.57M | -107.88M |
Apogee Technical Analysis
Neutral
35.07
Price Trends
36.76
Negative
36.78
Negative
38.78
Negative
Market Momentum
-0.28
Negative
61.88
Neutral
90.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APOG, the sentiment is Neutral. The current price of 35.07 is above the 20-day moving average (MA) of 33.37, below the 50-day MA of 36.76, and below the 200-day MA of 38.78, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 61.88 is Neutral, neither overbought nor oversold. The STOCH value of 90.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for APOG.
Apogee Risk Analysis
Apogee disclosed 18 risk factors in its most recent earnings report. Apogee reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Apogee Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $748.45M | 17.16 | 9.76% | ― | -10.84% | -53.49% | |
59 Neutral | $779.10M | 11.74 | 8.07% | 2.77% | 1.19% | -56.98% | |
56 Neutral | $1.21B | 15.14 | 9.87% | ― | -9.21% | -97.43% | |
52 Neutral | $915.00M | -52.26 | -30.23% | 2.12% | 43.81% | -584.11% | |
45 Neutral | $440.23M | 2,188.09 | 2.20% | ― | -0.19% | -50.51% | |
41 Neutral | $90.62M | -0.34 | -217.71% | ― | -15.28% | -350.51% |
* Industrials Sector Average
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Apogee Corporate Events
Business Operations and StrategyExecutive/Board Changes
Apogee Names Veteran Executive Mark Augdahl as CFO
Positive
Jan 22, 2026
On January 21, 2026, Apogee Enterprises, Inc. announced the appointment of long-time executive Mark Augdahl as Executive Vice President and Chief Financial Officer, effective immediately, following his service as interim CFO since January 7, 2026....
Executive/Board ChangesRegulatory Filings and Compliance
Apogee announces chief financial officer leadership transition
Neutral
Jan 7, 2026
Apogee reported a transition in the role of its chief financial officer, disclosing the leadership change in a press release referenced in a recent regulatory filing. The company noted that the press release was furnished rather than filed under s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.