Apogee Enterprises (APOG) financial statements
Apogee Enterprises reported revenue of $1.4B in fiscal 2026, up 2.6% a year over 9 years.
Net income was $54M and the operating margin 6.0%, against 11.0% in 2017.
Free cash flow was $95M, and the company returned $22M in dividends and $15M in net buybacks.
The diluted share count fell 26% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Apogee Enterprises's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.3B | $1.4B | $1.4B | $1.2B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B |
| Cost of revenue | $823M | $993M | $1.1B | $1.1B | $955M | $1.0B | $1.1B | $1.0B | $1.0B | $1.1B |
| Gross profit | $292M | $334M | $294M | $319M | $276M | $274M | $335M | $367M | $360M | $319M |
| Research and development | $9M | $14M | $20M | $17M | $15M | $17M | $26M | $30M | $29M | $11M |
| Selling, general and admin | $170M | $219M | $223M | $231M | $180M | $203M | $209M | $233M | $242M | $235M |
| Operating income | $122M | $114M | $67M | $88M | $26M | $22M | $126M | $134M | $118M | $84M |
| Interest expense | $971,000 | $6M | $8M | $9M | $6M | $5M | $8M | $7M | $6M | $14M |
| Pre-tax income | $123M | $110M | $59M | $80M | $23M | $14M | $117M | $129M | $113M | $77M |
| Income tax | $37M | $30M | $13M | $18M | $7M | $10M | $13M | $30M | $28M | $23M |
| Net income | $86M | $79M | $46M | $62M | $15M | $3M | $104M | $100M | $85M | $54M |
| EPS (diluted) | $2.97 | $2.76 | $1.63 | $2.32 | $0.59 | $0.14 | $4.64 | $4.51 | $3.89 | $2.52 |
| Diluted shares | 29M | 29M | 28M | 27M | 26M | 25M | 22M | 22M | 22M | 22M |
| Gross margin | 26.2% | 25.1% | 20.9% | 23.0% | 22.4% | 20.9% | 23.3% | 25.9% | 26.4% | 22.7% |
| Operating margin | 11.0% | 8.6% | 4.8% | 6.3% | 2.1% | 1.7% | 8.7% | 9.4% | 8.7% | 6.0% |
| Net margin | 7.7% | 6.0% | 3.3% | 4.5% | 1.3% | 0.3% | 7.2% | 7.0% | 6.2% | 3.9% |
Balance sheet
Fiscal years, from Apogee Enterprises's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $20M | $17M | $15M | $47M | $38M | $20M | $37M | $46M | $46M |
| Receivables | $186M | $212M | $193M | $197M | $176M | $169M | $197M | $174M | $186M | $199M |
| Inventory | $73M | $81M | $78M | $71M | $73M | $80M | $78M | $69M | $92M | $98M |
| Total current assets | $297M | $336M | $372M | $382M | $351M | $338M | $383M | $359M | $442M | $439M |
| Property, plant and equipment | $247M | $304M | $316M | $324M | $298M | $250M | $249M | $244M | $268M | $255M |
| Goodwill | $101M | $181M | $186M | $186M | $130M | $130M | $129M | $129M | $236M | $237M |
| Total assets | $785M | $1.0B | $1.1B | $1.1B | $1.0B | $888M | $915M | $884M | $1.2B | $1.1B |
| Total current liabilities | $186M | $208M | $228M | $277M | $218M | $233M | $243M | $245M | $285M | $267M |
| Long-term debt | $65M | $216M | $246M | $212M | $163M | $162M | $170M | $62M | $285M | $232M |
| Total liabilities | $314M | $511M | $572M | $612M | $522M | $502M | $519M | $413M | $687M | $611M |
| Shareholders' equity | $471M | $511M | $496M | $517M | $493M | $386M | $396M | $471M | $488M | $512M |
| Net debt | $38M | $197M | $229M | $203M | $118M | $125M | $150M | $25M | $244M | $193M |
Cash flow
Fiscal years, from Apogee Enterprises's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $124M | $127M | $96M | $107M | $142M | $100M | $103M | $204M | $125M | $122M |
| Capital spending | $68M | $53M | $61M | $51M | $26M | $22M | $45M | $43M | $36M | $27M |
| Free cash flow | $56M | $74M | $36M | $56M | $116M | $79M | $58M | $161M | $90M | $95M |
| Stock-based compensation | $6M | $6M | $6M | $7M | $9M | $6M | $9M | $10M | $11M | $8M |
| Dividends paid | $15M | $16M | $18M | $19M | $20M | $20M | $20M | $21M | $22M | $22M |
| Share buybacks (net) | -$11M | -$34M | -$43M | -$25M | -$33M | -$100M | -$74M | -$12M | -$45M | -$15M |
| Net borrowing | -$396,000 | $155,000 | — | — | — | — | -$151M | $0 | -$47M | — |
| Free cash flow margin | 5.0% | 5.6% | 2.5% | 4.0% | 9.4% | 6.0% | 4.0% | 11.4% | 6.6% | 6.8% |
| Dividends per share | $0.51 | $0.57 | $0.64 | $0.70 | $0.75 | $0.80 | $0.88 | $0.96 | $0.99 | $1.03 |
Questions
What was Apogee Enterprises's revenue in 2026?
$1.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does Apogee Enterprises generate?
$95M in fiscal 2026 (operating cash flow minus capital spending).
From Apogee Enterprises's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.