APOG
APOGEE ENTERPRISES, INC.
Next earnings Jun 26, 2026 · consensus $0.46 EPS, $341M rev
Last earnings +15.2% on 2026-06-26
$48.92
▲ +15.16%$48.92▲ +27.99%
over 1Y
L $31.49EODHDH $48.92
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+15.2%
1W+18.1%
1M+30.1%
3M+51.9%
YTD+33.0%
1Y+28.0%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Strong Buy
Cheap on sales but earnings cratered 36% on margin compression, CEO exit, and a $24.7M legal hit — wait for Project Fortify to prove out.
Price / Trailing P/E $43.51 / 17.3x · current / FY2026
The read
Middling fundamentals and a rich price (~58% above fair value) leave little margin of safety — a wait-and-see.
Apogee is a four-segment architectural products business (Metals, Services, Glass, Performance Surfaces) trading at a modest 17.3x trailing P/E and just 0.7x sales — optically cheap, but the cheapness is doing work. FY2026 revenue ticked up 3.2% to $1.40B (helped by the $240.9M UW Solutions acquisition closed in Q3 FY2025), yet gross profit fell 11.2%, operating income dropped 28.5%, and net income collapsed 36.4% to $54.1M. Gross margin compressed to 22.7% and operating margin to just 6.0% — a clear deterioration versus the FY2023-2024 peak earnings of ~$100M.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $1.31B | $1.44B | $1.42B | $1.36B | $1.40B |
| Gross profit | $274M | $335M | $367M | $360M | $319M |
| Operating income | $22.0M | $126M | $134M | $118M | $84.5M |
| Net income | $3.49M | $104M | $99.6M | $85.1M | $54.1M |
| Diluted EPS | $0.14 | $4.64 | $4.51 | $3.89 | $2.52 |
| Net margin | 0.3% | 7.2% | 7.0% | 6.2% | 3.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.23B
EV / EBITDA9.2
EV / Sales0.9
EV / FCF12.9
P / FCF10.9
PEG (trailing)—
Earnings yield5.2%
FCF yield9.2%
Quality & risk
ROIC (est.)9.0%
Free cash flow$95.2M
Total debt$232M
Net cash-$193M
Piotroski F-Score7/9
Capital returns
Buyback yield1.4%
Dividend yield (est.)2.1%
Shareholder yield3.6%
Shares Δ YoY-0.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Earnings results2026-06-26
- 8-K Officer / director change2026-05-29
Officer transition disclosed with exhibits; follows fall 2025 CEO separation
- 8-K Material agreement2026-05-28
Entered material agreement; Reg FD disclosure with related exhibits
- DEF 14A Proxy statement2026-05-12
2026 annual proxy: director slate, exec comp after CEO separation
- 8-K Officer / director change2026-04-28
Executive officer change announced; continuation of leadership reshuffle
- 8-K Earnings results2026-04-24
FY26 10-K: sales $1.40B (+3%), EPS $2.52 (-35%), $27M Fortify, debt cut 18%
- 10-K Annual report2026-04-24
FY26 10-K: sales $1.40B (+3%), EPS $2.52 (-35%), $27M Fortify, debt cut 18%
- 8-K Officer / director change2026-01-22
Officer change plus Reg FD update; further leadership/strategy signaling
- 10-Q Quarterly report2026-01-07
Q3 FY26: results pressured by margin compression, ongoing Fortify charges
Recent filings
all on EDGAR ↗4Period ending 2026-06-242026-06-26open ↗4Period ending 2026-06-242026-06-26open ↗4Period ending 2026-06-242026-06-26open ↗4Period ending 2026-06-242026-06-26open ↗4Period ending 2026-06-242026-06-26open ↗8-KPeriod ending 2026-06-262026-06-26open ↗144Filing2026-06-24open ↗SD/AFiling2026-06-01open ↗SDFiling2026-06-01open ↗8-KPeriod ending 2026-05-262026-05-29open ↗8-KPeriod ending 2026-05-272026-05-28open ↗ARSPeriod ending 2026-02-282026-05-12open ↗
Frequently asked
- Is APOGEE ENTERPRISES, INC. (APOG) a buy?
- APOG currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap on sales but earnings cratered 36% on margin compression, CEO exit, and a $24.7M legal hit — wait for Project Fortify to prove out.
- What is APOG's fair value?
- A Modified-Graham model based on APOG's SEC fundamentals estimates a fair value of about $20.35. It is an estimate from reported earnings, not a price target.
- Is APOG overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, APOG currently appears overvalued relative to its SEC-grounded earnings power.
- What is APOGEE ENTERPRISES, INC.'s quality score?
- APOG scores 64.76470588235293/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000006845, latest 10-K filed 2026-04-24) · EODHD · analysis by claude-code · as of 6/25/2026, 2:42:25 PM.
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