Apogee Enterprises (APOG)
NASDAQ:APOG
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Apogee
(NASDAQ:APOG)
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Rating:67Neutral
Price Target:
$42.00
▲(19.76% Upside)
Action:ReiteratedDate:04/25/26
APOG’s score is driven primarily by solid financial quality led by strong cash generation, but it is capped by recent margin compression and weaker profitability. Technicals are moderately supportive (above key short-to-mid moving averages with positive MACD), while valuation is reasonable (mid-teens P/E and ~2.7% yield). The latest earnings call adds caution due to sizeable input-cost headwinds and a softer near-term (Q1) outlook despite cost-saving initiatives and strong cash flow.
Positive Factors
Strong cash generation
Consistently strong operating and free cash flow provides durable internal funding for capex, dividends, buybacks, and debt service. Robust FCF coverage versus net income supports earnings quality and gives management flexibility to invest in efficiency and strategic opportunities over multiple years.
Negative Factors
Margin deterioration
Material margin compression signals pricing or cost absorption issues in core product lines. Lower gross and net margins reduce earnings resiliency to volume swings, constrain reinvestment capacity, and heighten sensitivity to cyclical downturns in nonresidential construction.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently strong operating and free cash flow provides durable internal funding for capex, dividends, buybacks, and debt service. Robust FCF coverage versus net income supports earnings quality and gives management flexibility to invest in efficiency and strategic opportunities over multiple years.
Read all positive factors
Apogee (APOG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$770.31M
Dividend Yield2.77%
Average Volume (3M)302.90K
Price to Earnings (P/E)15.5
Beta (1Y)0.95
Revenue Growth3.21%
EPS Growth-34.89%
CountryUS
Employees4,500
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.92
Shares Outstanding21,220,737
10 Day Avg. Volume190,973
30 Day Avg. Volume302,904
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)1.64
Price to Sales (P/S)0.60
P/FCF Ratio8.84
Enterprise Value/Market Cap1.31
Enterprise Value/Revenue0.72
Enterprise Value/Gross Profit3.03
Enterprise Value/Ebitda6.20
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.72
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:Apr 24, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 26, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: the company delivered results modestly ahead of expectations in the quarter, showed improved quarterly margins, demonstrated strong cash generation, and achieved a successful integration of UW Solutions. At the same time, material headwinds—most notably a large surge in aluminum costs, continued volume softness in Metals and Glass, margin compression in some segments, and the reinstatement of incentive compensation—create significant near-term uncertainty. Management emphasized operational improvements, cost actions (Fortify Phase 2), AI-enabled productivity gains, and a disciplined capital allocation approach, but guidance remains cautious with wider ranges and an expectation of first-half pressure.Positive Updates
Q4 Revenue Growth
Consolidated net sales increased 1.6% year-over-year to $351.4 million in the fourth quarter.
Negative Updates
Aluminum Cost Inflation
Aluminum costs increased ~87% over the past year and ~25% since January, presenting a significant input-cost headwind that management is addressing via price actions and surcharges but remains a material drag on results.
Read all updates
Q4-2026 Updates
Positive
Negative
Q4 Revenue Growth
Consolidated net sales increased 1.6% year-over-year to $351.4 million in the fourth quarter.
Read all positive updates
Company Guidance
Apogee guided fiscal 2027 net sales of $1.38 billion to $1.43 billion and adjusted diluted EPS of $2.70 to $3.25, with interest expense of about $10 million, an adjusted effective tax rate of 26%–27% and capital expenditures of $35 million–$40 million; management expects slightly more revenue and profit in H2 than H1, but Q1 sales and adjusted EPS to be slightly lower year‑over‑year. The guidance assumes headwinds from normalization of incentive compensation, elevated aluminum and fuel inflation (management cited ~87% aluminum cost increase over the past year and ~25% since January), and rising health insurance costs, partially offset by Fortify Phase 2 savings, mitigation of a prior‑year ~$9 million tariff impact, pricing actions and continued cost controls; balance‑sheet metrics include a consolidated leverage ratio of 1.3x and strong cash generation (Q4 operating cash flow $55.8M, FY operating cash flow $122.5M).Apogee Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
78
Positive
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.40B | 1.36B | 1.42B | 1.44B | 1.31B |
| Gross Profit | 319.47M | 364.08M | 372.63M | 335.27M | 302.36M |
| EBITDA | 134.47M | 184.93M | 187.82M | 168.19M | 152.01M |
| Net Income | 54.13M | 85.05M | 99.61M | 104.11M | 3.49M |
Balance Sheet | |||||
| Total Assets | 1.12B | 1.18B | 884.06M | 915.37M | 887.86M |
| Cash, Cash Equivalents and Short-Term Investments | 39.52M | 46.25M | 40.01M | 19.92M | 37.58M |
| Total Debt | 286.38M | 351.92M | 106.19M | 214.72M | 215.34M |
| Total Liabilities | 610.55M | 687.37M | 413.04M | 518.96M | 501.66M |
| Stockholders Equity | 511.79M | 487.90M | 471.02M | 396.41M | 386.20M |
Cash Flow | |||||
| Free Cash Flow | 95.16M | 89.57M | 160.97M | 57.52M | 78.63M |
| Operating Cash Flow | 122.47M | 125.16M | 204.15M | 102.70M | 100.47M |
| Investing Cash Flow | -30.53M | -265.89M | -43.67M | -27.71M | 9.28M |
| Financing Cash Flow | -96.18M | 146.05M | -144.61M | -91.02M | -120.57M |
Apogee Technical Analysis
Neutral
35.07
Price Trends
36.49
Negative
36.88
Negative
38.67
Negative
Market Momentum
0.07
Negative
57.44
Neutral
60.03
Neutral
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 33.99, below the 50-day MA of 36.49, and below the 200-day MA of 38.67, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 57.44 is Neutral, neither overbought nor oversold. The STOCH value of 60.03 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $770.31M | 15.54 | 10.79% | 2.77% | 3.21% | -34.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $702.42M | 17.16 | 9.76% | ― | -8.26% | -20.07% | |
56 Neutral | $1.16B | 15.14 | 9.87% | ― | -9.90% | -133.44% | |
52 Neutral | $915.46M | -52.26 | -30.23% | 2.12% | 28.35% | -939.66% | |
48 Neutral | $409.88M | 2,188.09 | 0.04% | ― | 0.05% | -99.91% | |
44 Neutral | $125.14M | -0.34 | -217.71% | ― | -14.95% | -228.84% |
* Industrials Sector Average
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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.