Apogee Enterprises (APOG)


Market Price (8/13/2026): $42.96 | Market Cap: $907.9 MilSector: Industrials | Industry: Building Products

Apogee Enterprises (APOG)


Market Price (8/13/2026): $42.96
Market Cap: $907.9 Mil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 10%

Low stock price volatility
Vol 12M is 42%

Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.

Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -80%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8%

Key risks
APOG key risks include [1] margin erosion from intense price competition, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 10%
1 Low stock price volatility
Vol 12M is 42%
2 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.
3 Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -80%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8%
5 Key risks
APOG key risks include [1] margin erosion from intense price competition, Show more.

APOG in ETFs

Weight = APOG's share of each fund

IWM0.03%
IJR0.05%
VIG0.00%
VB0.01%
AVUV0.13%
VIOV0.10%
SLYV0.10%
IJS0.10%
+9 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/3/2026

Apogee Enterprises (APOG) stock has gained about 20% since 4/30/2026 because of the following key factors:

1. Apogee Enterprises reported stronger-than-expected fiscal Q1 2027 earnings and reaffirmed its full-year guidance. The company announced adjusted diluted EPS of $0.57 for its fiscal first quarter, which ended May 30, 2026, surpassing analyst consensus estimates of $0.43 by $0.14. Net sales reached $342.68 million, also exceeding the consensus estimate of $333.84 million. Management reiterated its fiscal 2027 guidance for net sales in the range of $1.38 billion to $1.43 billion and adjusted diluted EPS between $2.70 and $3.25 (excluding the Kalwall acquisition), signaling confidence in future performance.

2. The strategic acquisition of Kalwall Companies expanded Apogee's product portfolio and revenue outlook. In May 2026, Apogee announced its agreement to acquire Kalwall Companies, with the acquisition closing in early July 2026 for up to $115 million. This acquisition is anticipated to add approximately $85 million in revenue at roughly a 15% adjusted EBITDA margin over the first 12 months, with a long-term target of 20% margins. Incorporating Kalwall, the company's fiscal 2027 net sales guidance increased to a range of $1.43 billion to $1.48 billion.

Show more
Updated on 8/3/2026

Apogee Enterprises (APOG) stock has gained about 20% since 4/30/2026 because of the following key factors:

1. Apogee Enterprises reported stronger-than-expected fiscal Q1 2027 earnings and reaffirmed its full-year guidance. The company announced adjusted diluted EPS of $0.57 for its fiscal first quarter, which ended May 30, 2026, surpassing analyst consensus estimates of $0.43 by $0.14. Net sales reached $342.68 million, also exceeding the consensus estimate of $333.84 million. Management reiterated its fiscal 2027 guidance for net sales in the range of $1.38 billion to $1.43 billion and adjusted diluted EPS between $2.70 and $3.25 (excluding the Kalwall acquisition), signaling confidence in future performance.

2. The strategic acquisition of Kalwall Companies expanded Apogee's product portfolio and revenue outlook. In May 2026, Apogee announced its agreement to acquire Kalwall Companies, with the acquisition closing in early July 2026 for up to $115 million. This acquisition is anticipated to add approximately $85 million in revenue at roughly a 15% adjusted EBITDA margin over the first 12 months, with a long-term target of 20% margins. Incorporating Kalwall, the company's fiscal 2027 net sales guidance increased to a range of $1.43 billion to $1.48 billion.

3. Operational improvements from Project Fortify Phase 2 contributed to enhanced profitability. The completion of Project Fortify Phase 2 in fiscal 2026 led to cost savings and productivity enhancements. These initiatives helped improve the company's gross margin to 21.9% in fiscal Q1 2027, a 20 basis point increase year-over-year, and reduced selling, general, and administrative (SG&A) expenses to 16.4% of net sales, a 330 basis point improvement.

4. Positive analyst sentiment and increased price targets bolstered investor confidence. Several Wall Street analysts maintained or upgraded their ratings on Apogee Enterprises during the period. For instance, Zacks Research upgraded the stock from a "hold" to a "strong-buy" rating. The consensus analyst rating is "Buy" or "Strong Buy," with average price targets ranging from $42.84 to $70.50, indicating a bullish outlook and potential upside for the stock.

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Stock Movement Drivers

Fundamental Drivers

The 19.8% change in APOG stock from 4/30/2026 to 8/12/2026 was primarily driven by a 19.8% change in the company's P/E Multiple.
(LTM values as of)43020268122026Change
Stock Price ($)35.8742.9719.8%
Change Contribution By: 
Total Revenues ($ Mil)1,4051,4050.0%
Net Income Margin (%)3.9%3.9%0.0%
P/E Multiple14.016.819.8%
Shares Outstanding (Mil)21210.0%
Cumulative Contribution19.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/12/2026
ReturnCorrelation
APOG19.8% 
Market (SPY)7.5%19.0%
Sector (XLI)6.5%31.1%

Fundamental Drivers

The 18.3% change in APOG stock from 1/31/2026 to 8/12/2026 was primarily driven by a 34.8% change in the company's Net Income Margin (%).
(LTM values as of)13120268122026Change
Stock Price ($)36.3342.9718.3%
Change Contribution By: 
Total Revenues ($ Mil)1,3991,4050.4%
Net Income Margin (%)2.9%3.9%34.8%
P/E Multiple19.416.8-13.3%
Shares Outstanding (Mil)21210.8%
Cumulative Contribution18.3%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/12/2026
ReturnCorrelation
APOG18.3% 
Market (SPY)11.9%29.8%
Sector (XLI)12.7%42.0%

Fundamental Drivers

The 5.3% change in APOG stock from 7/31/2025 to 8/12/2026 was primarily driven by a 3.3% change in the company's Net Income Margin (%).
(LTM values as of)73120258122026Change
Stock Price ($)40.8142.975.3%
Change Contribution By: 
Total Revenues ($ Mil)1,3761,4052.1%
Net Income Margin (%)3.7%3.9%3.3%
P/E Multiple17.016.8-1.1%
Shares Outstanding (Mil)21211.0%
Cumulative Contribution5.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/12/2026
ReturnCorrelation
APOG5.3% 
Market (SPY)23.3%31.2%
Sector (XLI)23.6%46.5%

Fundamental Drivers

The -7.2% change in APOG stock from 7/31/2023 to 8/12/2026 was primarily driven by a -46.9% change in the company's Net Income Margin (%).
(LTM values as of)73120238122026Change
Stock Price ($)46.3042.97-7.2%
Change Contribution By: 
Total Revenues ($ Mil)1,4461,405-2.8%
Net Income Margin (%)7.3%3.9%-46.9%
P/E Multiple9.716.873.8%
Shares Outstanding (Mil)22213.5%
Cumulative Contribution-7.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/12/2026
ReturnCorrelation
APOG-7.2% 
Market (SPY)74.7%38.8%
Sector (XLI)75.3%47.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
APOG Return55%-6%23%36%-48%22%55%
Peers Return91%-16%71%12%-16%0%160%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
APOG Win Rate67%42%50%67%25%75% 
Peers Win Rate55%38%65%60%45%42% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
APOG Max Drawdown-18%-27%-23%-18%-52%-25% 
Peers Max Drawdown-29%-40%-30%-31%-41%-35% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TGLS, NX, ROCK, BLDR, AWI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/12/2026 (YTD)

How Low Can It Go

EventAPOGS&P 500
2025 US Tariff Shock
  % Loss-21.9%-18.8%
  % Gain to Breakeven28.0%23.1%
  Time to Breakeven389 days79 days
2023 SVB Regional Banking Crisis
  % Loss-21.6%-6.7%
  % Gain to Breakeven27.6%7.1%
  Time to Breakeven26 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.8%-24.5%
  % Gain to Breakeven29.6%32.4%
  Time to Breakeven147 days427 days
2020 COVID-19 Crash
  % Loss-57.5%-33.7%
  % Gain to Breakeven135.4%50.9%
  Time to Breakeven294 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-36.2%-19.2%
  % Gain to Breakeven56.8%23.8%
  Time to Breakeven189 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-36.4%-12.2%
  % Gain to Breakeven57.2%13.9%
  Time to Breakeven327 days62 days

Compare to TGLS, NX, ROCK, BLDR, AWI

In The Past

Apogee Enterprises's stock fell -21.9% during the 2025 US Tariff Shock. Such a loss loss requires a 28.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAPOGS&P 500
2025 US Tariff Shock
  % Loss-21.9%-18.8%
  % Gain to Breakeven28.0%23.1%
  Time to Breakeven389 days79 days
2023 SVB Regional Banking Crisis
  % Loss-21.6%-6.7%
  % Gain to Breakeven27.6%7.1%
  Time to Breakeven26 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.8%-24.5%
  % Gain to Breakeven29.6%32.4%
  Time to Breakeven147 days427 days
2020 COVID-19 Crash
  % Loss-57.5%-33.7%
  % Gain to Breakeven135.4%50.9%
  Time to Breakeven294 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-36.2%-19.2%
  % Gain to Breakeven56.8%23.8%
  Time to Breakeven189 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-36.4%-12.2%
  % Gain to Breakeven57.2%13.9%
  Time to Breakeven327 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-34.4%-17.9%
  % Gain to Breakeven52.5%21.8%
  Time to Breakeven84 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-21.4%-15.4%
  % Gain to Breakeven27.2%18.2%
  Time to Breakeven164 days125 days
2008-2009 Global Financial Crisis
  % Loss-66.5%-53.4%
  % Gain to Breakeven198.3%114.4%
  Time to Breakeven1319 days1085 days
Summer 2007 Credit Crunch
  % Loss-28.0%-8.6%
  % Gain to Breakeven39.0%9.5%
  Time to Breakeven2002 days47 days

Compare to TGLS, NX, ROCK, BLDR, AWI

In The Past

Apogee Enterprises's stock fell -21.9% during the 2025 US Tariff Shock. Such a loss loss requires a 28.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Apogee Enterprises (APOG)

Apogee Enterprises (APOG) is a company that designs, develops, and installs specialized glass and metal products and services, primarily for the exterior "skin" of commercial, institutional, and multi-family residential buildings across the United United States, Canada, and Brazil. The company operates through distinct segments focusing on different aspects of building envelopes, from framing to glass and installation.

Its core offerings include the design and fabrication of aluminum framing systems for customized windows, curtain walls, storefronts, and entrance systems, as well as the manufacturing of high-performance coated glass used in these same building exteriors. Apogee also provides full-service installation of these glass and window systems, ensuring a complete solution for the building's facade. Additionally, the company produces value-added glass and acrylic products for framing and display applications, catering to museums, galleries, and retail framing shops.

The primary markets for Apogee's architectural products and services include office buildings, hotels, retail centers, educational and healthcare facilities, and government buildings. Its main architectural customers are typically glazing subcontractors and general contractors involved in large-scale construction projects.

AI Analysis | Feedback

Apogee Enterprises is like an Otis or KONE for building exteriors, specializing in the custom design, fabrication, and installation of the glass and metal walls for skyscrapers and large commercial buildings.

Alternatively, think of them as the Pella or Andersen Windows for massive commercial and institutional projects, providing the custom-engineered glass and metal facades, not just individual windows.

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  • Architectural Framing Systems: Designs and fabricates aluminum frames for custom window, curtain wall, storefront, and entrance systems in commercial buildings.
  • Architectural Glass: Manufactures coated and high-performance glass specifically designed for custom window and wall systems used in building exteriors.
  • Architectural Services: Provides full-service installation of glass walls, windows, and other curtain wall products for commercial and institutional buildings.
  • Large-Scale Optical Technologies (LSO): Produces value-added glass and acrylic products primarily for framing and display applications.

AI Analysis | Feedback

Apogee Enterprises (APOG) primarily sells its products and services to other companies rather than individuals. Based on the provided description, its major customers fall into the following categories:

  • Glazing Subcontractors: These companies purchase Apogee's architectural framing systems, fabricated glass, and utilize its installation services for commercial, institutional, and multi-family residential buildings.
  • General Contractors: These companies also procure Apogee's architectural products and services for various building projects.
  • Retail Chains: For its Large-Scale Optical Technologies (LSO) segment, Apogee sells value-added glass and acrylic products to retail chains.
  • Picture-Framing Shops: These specialized shops are also customers for Apogee's LSO segment, purchasing glass and acrylic products for framing applications.
  • Independent Distributors: Apogee utilizes independent distributors for both its architectural products/services and its value-added glass and acrylic products, enabling wider market reach.

The company description does not provide the specific names of these customer companies, nor their stock symbols if they are publicly traded, as it describes the types of businesses Apogee serves.

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Donald A. Nolan

Chief Executive Officer

Donald A. Nolan was appointed Chief Executive Officer of Apogee Enterprises, Inc. effective October 31, 2025. Prior to this, he joined Apogee's Board of Directors in 2013 and was named Chairman in 2020. Mr. Nolan's extensive leadership experience includes serving as CEO of Kennametal Inc. from 2014 to 2016, and as President of the Materials Group for Avery Dennison Corporation from 2008 to 2014. He has also served as a director for several privately held growth-oriented companies.

Mark Augdahl

Executive Vice President and Chief Financial Officer

Mark Augdahl was appointed Executive Vice President and Chief Financial Officer of Apogee Enterprises, Inc. in January 2026. He joined Apogee in 2000 and has held various finance leadership roles within the company, including Chief Accounting Officer. Mr. Augdahl also served as Interim Chief Financial Officer from 2022 to 2023, and as Vice President of Finance for two of Apogee's segments from 2012 to 2022. Before his time at Apogee, he spent four years at KPMG.

Veena Lakkundi

President, Large-Scale Optical

Veena Lakkundi joined Apogee Enterprises in January 2025 as President of the Large-Scale Optical segment. She brings over 30 years of leadership experience, with a background in commercial and operational excellence. Prior to Apogee, Ms. Lakkundi was Senior Vice President, Strategy and Corporate Development at Rockwell Automation. She also served as Senior Vice President and Chief Strategy Officer at 3M Company, where she worked for 28 years.

Beth R. Johnson

Chief Human Resources Officer

Beth R. Johnson was appointed Chief Human Resources Officer of Apogee Enterprises in February 2026. She has been with the company for more than 25 years, contributing her leadership across several business segments as well as within the corporate team.

Troy Johnson

President, Architectural Metals Segment

Troy Johnson assumed the role of President of the Architectural Metals Segment, effective August 7, 2025. He joined Apogee in 2011 and previously served as President of the Architectural Services Segment since 2020. Mr. Johnson possesses over 25 years of experience in the industry.

AI Analysis | Feedback

The key risks to Apogee Enterprises' business are primarily driven by its exposure to the cyclical and competitive non-residential construction market, leading to pricing pressures and, consequently, revenue and earnings declines.

Key Risks to Apogee Enterprises (APOG)

  1. Cyclicality and Weak Demand in the Non-Residential Construction Market: Apogee Enterprises' business is highly sensitive to conditions within the non-residential construction market, which is characterized by its cyclical nature and high competitiveness. Current conditions indicate weak demand in certain segments, directly impacting the volume of sales for the company's architectural products and services.
  2. Pricing Pressure and Margin Compression: Stemming from the competitive market and lower demand, Apogee faces significant pricing pressure, particularly in its Architectural Glass and Architectural Framing segments. This pressure, combined with potential increases in material costs and tariffs, contributes to a decline in operating and net profit margins.
  3. Revenue and Earnings Decline/Stagnation: The challenges from cyclical demand and pricing pressures have resulted in a year-over-year decline in total revenue and a dip in earnings per share (EPS). Analysts' forecasts suggest further revenue drops, indicating difficulties in achieving consistent growth and adjusting to volatile market demand.

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Here are the addressable markets for Apogee Enterprises' main products and services:

Architectural Framing Systems

  • The global curtain wall market size was estimated at USD 44.2 billion in 2024 and is expected to grow to USD 88.9 billion in 2034.
  • The U.S. aluminum curtain walls market size was estimated at USD 6.08 billion in 2023 and is expected to reach USD 12.51 billion by 2033.
  • The North American aluminum market size was USD 66.338 billion in 2024 and is projected to reach USD 97.535 billion by 2031. The U.S. accounted for a major share of this market, with a size of USD 52.340 billion in 2024.
  • The global light gauge steel framing market size was USD 36.5 billion in 2024 and is forecast to reach USD 62.7 billion in 2030.
  • The U.S. light gauge steel framing market generated USD 7.830 billion in 2023 and is expected to reach USD 10.913 billion by 2030.

Architectural Glass

  • The global architectural glass market size is projected to reach US$102.32 billion by 2034 from US$62.13 billion in 2025. Another estimate projects the global architectural glass market size to reach USD 186.63 billion by 2035, from USD 103.78 billion in 2026.
  • The global architectural flat glass market size was estimated at USD 219.41 billion in 2023 and is projected to reach USD 285.31 billion by 2030. Another report states it was valued at USD 219.3 billion in 2024 and is projected to grow to USD 285.3 billion by 2033.
  • The U.S. architectural flat glass market generated USD 11.452 billion in 2024 and is expected to reach USD 15.638 billion by 2030.
  • The North America architectural flat glass market size was worth USD 80.46 billion in 2025 and is anticipated to reach USD 107.11 billion by 2034.
  • The North America architectural glass market was valued at USD 18.5 billion in 2024 and is projected to reach USD 30.20 billion by 2032.

Architectural Services

  • The global architectural services market size was valued at USD 398.33 billion in 2025 and is projected to grow to USD 622.04 billion by 2034. Another report estimated the market at USD 370.51 billion in 2025, growing to USD 505.03 billion by 2031.
  • The architectural services market in North America is expected to reach USD 140.245 billion by 2033.
  • The U.S. architectural services market is projected to reach USD 93.03 billion by 2026.

Large-Scale Optical Technologies (LSO)

  • The global picture frame market size was valued at around USD 9.33 billion in 2023 and is projected to reach USD 15.20 billion by 2032. Another source puts the global market size at USD 9.614 billion in 2024, projected to expand to USD 14.150 billion by 2032.
  • The North America picture frame market size was valued at USD 3.845 billion in 2024 and is projected to reach USD 5.679 billion by 2033. The U.S. market within North America was valued at USD 3.034 billion in 2024.

AI Analysis | Feedback

Apogee Enterprises (APOG) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics:

  1. Strategic Acquisitions: The company's strategy includes accretive mergers and acquisitions, exemplified by the recent UW Solutions acquisition. This acquisition has already contributed to net sales growth and is anticipated to continue driving revenue. For instance, net sales for Q3 FY2026 increased 2.1% year-over-year, driven by the UW Solutions acquisition and organic initiatives. Management has reaffirmed its commitment to accretive M&A, highlighting UW Solutions as a successful acquisition and a robust pipeline for future opportunities. The UW Solutions acquisition is on track to meet fiscal 2026 expectations of $100 million in net sales.
  2. Growth in Architectural Services Backlog and Volume: The Architectural Services segment has demonstrated consistent performance and a strong backlog, indicating future revenue generation. The services backlog grew by 16% to $792 million, signaling robust demand. This segment has achieved seven consecutive quarters of year-over-year net sales growth, primarily due to increased volume. The company anticipates a strong backlog conversion in Architectural Services to contribute to net sales increases in fiscal year 2026.
  3. Operational Efficiency and Cost Savings from Project Fortify Phase 2: Apogee's Project Fortify Phase 2, a restructuring initiative, is expected to generate significant annual pre-tax cost savings. While primarily impacting profitability, these savings free up resources and enhance competitiveness, indirectly supporting revenue growth and the ability to invest in growth initiatives. The expanded Project Fortify Phase 2 is expected to deliver $25 million to $26 million in annual pre-tax cost savings, with approximately $10 million of that benefit projected for fiscal 2027.
  4. Market Recovery and Demand in Key Segments: Improvements in specific geographic markets and recovery in certain product distribution channels are poised to contribute to revenue. The Northeast market has shown signs of improvement, which could support future growth. Additionally, growth in the Performance Services segment, driven by a recovery in retail distribution, is expected to be a factor.
  5. Reduced Tariff Impact: The anticipated non-recurrence of a significant portion of tariff impacts in the upcoming fiscal year will act as a financial tailwind, effectively boosting net sales and earnings compared to prior periods where tariffs were a headwind. The tariff impact on EPS, estimated at $0.30 for fiscal 2026, is not expected to repeat in fiscal 2027. Management stated that the majority of the tariff impact from fiscal 2026 is "not to repeat," providing a planned benefit for fiscal 2027 results.

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Capital Allocation Decisions (Fiscal Years 2021-2026 Outlook)

  • Share Repurchases
    • In October 2023, Apogee's Board increased the share repurchase authorization by 2 million shares, bringing the total available program to approximately 2.97 million shares.
    • For the full fiscal year 2025, Apogee returned $67.1 million to shareholders through share repurchases and dividends.
    • In the fourth quarter of fiscal 2025, the company repurchased $30.3 million of common stock.
  • Outbound Investments
    • Apogee Enterprises completed the acquisition of UW Solutions for $242 million in cash in November 2024.
    • The acquisition of UW Solutions expands the capabilities and market opportunity of Apogee's Large-Scale Optical segment, focusing on high-performance coated substrates.
    • UW Solutions is expected to contribute approximately $30 million in incremental net sales for fiscal 2025 and approximately $100 million of revenue in fiscal 2026.
  • Capital Expenditures
    • Apogee invested $36 million in capital expenditures during fiscal year 2025, primarily for capacity expansion in Performance Services and enhanced manufacturing capacity.
    • For fiscal year 2026, the company anticipates capital expenditures to be between $25 million to $30 million.
    • Since fiscal 2023, Apogee has invested $124 million in capital expenditures to enable growth and profitability improvements.

Better Bets vs. Apogee Enterprises (APOG)

Peer Outperformance in Building Products

APOG has trailed 61% of its 33 Building Products peers over 5Y. Among the peers that beat it are GFF and OC. Building Products ranks 12th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Building Products constituents that APOG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
54%
of 37 industry peers · 2.2% return
3Y
37%
of 35 industry peers · -8.6% return
5Y
39%
of 33 industry peers · 15.0% return
Building Products peers with revenue growth within 4pp of APOG's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
APOG Apogee Enterprises -0.8% 16.8x 2.2%-8.6%15.0%
GFF Griffon 1.6% 25.8x 45.5%156.1%461.7% +447pp
OC Owens-Corning 2.6% -18.7x 6.9%17.0%77.7% +63pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Building Products is APOG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 31 33.5%137.8%201.6% CDNL 2667% · STRL 2272% · FIX 2224%
Marine Transportation 9 62.0%74.0%135.3% ASC 532% · MATX 213% · SB 166%
Construction Machinery & Heavy Transportation Equipment 13 14.9%56.6%108.9% CAT 327% · ALSN 244% · WAB 242%
Aerospace & Defense 55 14.5%84.3%92.1% DFNS 4877% · ATI 1083% · FTAI 1048%
Passenger Ground Transportation 3 -12.7%45.7%59.7% UBER 78% · CAR 60% · LYFT -69%
Industrial Machinery & Supplies & Components 71 15.1%58.6%59.1% CRS 1424% · PSIX 1005% · GHM 826%
Cargo Ground Transportation 16 46.9%15.3%52.2% PAMT 679% · XPO 282% · R 275%
Trading Companies & Distributors 18 11.8%38.8%43.0% DXPE 563% · AIT 306% · URI 232%
Rail Transportation 7 37.3%65.5%42.2% FSTR 111% · CSX 58% · UNP 44%
Diversified Support Services 33 13.2%34.5%40.8% LIME 4279% · TH 373% · WLFC 373%
Electrical Components & Equipment 40 34.7%49.9%37.9% POWL 2415% · BE 1017% · VRT 967%
Building Products ← 34 1.2%16.9%29.4% GFF 462% · LMB 422% · PPIH 285%
Office Services & Supplies 10 21.8%25.0%3.8% TILE 190% · PBI 158% · EBF 55%
Research & Consulting Services 13 -7.7%-20.2%-3.1% HURN 216% · CRAI 98% · GRNQ 21%
Environmental & Facilities Services 28 -10.2%13.1%-5.4% CECO 1023% · ADUR 627% · NVRI 295%
Industrial Conglomerates 18 18.7%20.3%-5.9% RCMT 566% · TTI 177% · CSW 173%
Passenger Airlines 11 22.7%-0.9%-17.8% LTM 2232% · UAL 169% · SKYW 156%
Agricultural & Farm Machinery 17 -5.6%-17.1%-25.1% BLBD 182% · DE 72% · GENC 52%
Data Processing & Outsourced Services 6 -33.7%-16.3%-29.5% EXLS 43% · BR 6% · MMS -29%
Air Freight & Logistics 12 -17.3%-13.2%-35.6% CHRW 80% · FDX 62% · EXPD 58%
Human Resource & Employment Services 21 7.1%-26.3%-37.1% BBSI 69% · ADP 40% · KFY 35%
Security & Alarm Services 10 -23.7%-25.2%-40.5% CIX 108% · MG 80% · NL 57%
Airport Services 3 -68.8%-62.6%-58.0% JOBY -16% · ASLE -58% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

APOGTGLSNXROCKBLDRAWIMedian
NameApogee E.Tecnogla.Quanex B.Gibralta.Builders.Armstron. 
Mkt Price42.9742.0321.8549.1072.41183.4646.03
Mkt Cap0.91.91.01.57.87.81.7
Rev LTM1,4051,0501,8571,44514,4491,6951,570
Op Inc LTM8419797110436324153
FCF LTM95-9894363924792
FCF 3Y Avg11546721091,144204112
CFO LTM1228214871898359135
CFO 3Y Avg1511381201361,502296144

Growth & Margins

APOGTGLSNXROCKBLDRAWIMedian
NameApogee E.Tecnogla.Quanex B.Gibralta.Builders.Armstron. 
Rev Chg LTM3.2%9.9%14.2%35.8%-9.4%8.6%9.2%
Rev Chg 3Y Avg-0.8%8.0%18.7%5.8%-8.0%10.3%6.9%
Rev Chg Q1.6%15.6%2.2%64.6%-8.8%11.2%6.7%
QoQ Delta Rev Chg LTM0.4%3.9%0.5%16.1%-2.5%2.9%1.7%
Op Inc Chg LTM-28.5%-24.3%40.9%-23.1%-64.5%5.0%-23.7%
Op Inc Chg 3Y Avg-11.3%-10.1%5.3%-6.7%-41.9%13.6%-8.4%
Op Mgn LTM6.0%18.7%5.2%7.6%3.0%19.1%6.8%
Op Mgn 3Y Avg8.0%23.8%6.4%11.3%7.5%19.1%9.7%
QoQ Delta Op Mgn LTM1.4%-3.2%-1.3%0.4%-1.2%0.1%-0.6%
CFO/Rev LTM8.7%7.8%8.0%4.9%6.2%21.2%7.9%
CFO/Rev 3Y Avg10.8%15.1%8.5%12.9%9.3%19.1%11.8%
FCF/Rev LTM6.8%-0.8%4.8%3.0%4.4%14.6%4.6%
FCF/Rev 3Y Avg8.2%5.4%5.3%10.5%7.1%13.1%7.7%

Valuation

APOGTGLSNXROCKBLDRAWIMedian
NameApogee E.Tecnogla.Quanex B.Gibralta.Builders.Armstron. 
Mkt Cap0.91.91.01.57.87.81.7
P/S0.61.80.51.00.54.60.8
P/Op Inc10.89.510.213.317.924.112.0
P/EBIT9.99.2-5.113.317.917.711.6
P/E16.814.4-3.9-9.776.024.715.6
P/CFO7.422.76.720.68.721.714.6
Total Yield8.4%8.4%-24.4%-10.3%1.3%4.8%3.1%
Dividend Yield2.4%1.5%1.5%0.0%0.0%0.7%1.1%
FCF Yield 3Y Avg10.6%1.7%8.2%5.9%8.5%3.2%7.1%
D/E0.30.10.90.90.70.10.5
Net D/E0.30.10.80.90.70.10.5

Returns

APOGTGLSNXROCKBLDRAWIMedian
NameApogee E.Tecnogla.Quanex B.Gibralta.Builders.Armstron. 
1M Rtn10.9%-1.9%28.7%18.9%-1.5%18.1%14.5%
3M Rtn22.9%9.4%14.4%28.5%0.1%16.3%15.3%
6M Rtn4.6%-19.4%-1.3%-9.3%-43.0%-8.1%-8.7%
12M Rtn2.2%-47.8%7.0%-20.2%-47.3%-4.8%-12.5%
3Y Rtn-8.6%19.6%-16.5%-32.1%-51.0%148.6%-12.6%
1M Excs Rtn8.8%-7.7%24.5%15.3%-6.4%15.5%12.1%
3M Excs Rtn17.7%6.2%7.8%24.8%-5.2%10.8%9.3%
6M Excs Rtn-8.5%-32.1%-11.9%-21.7%-55.2%-20.8%-21.2%
12M Excs Rtn-14.1%-66.6%-6.0%-37.1%-65.3%-24.1%-30.6%
3Y Excs Rtn-79.8%-77.4%-89.4%-105.3%-123.9%68.0%-84.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Architectural Metals504525602650547
Architectural Services439420378411407
Architectural Glass284322378317309
Performance Surfaces19812299104102
Intersegment net sales-20-28-41-40-51
Total1,4051,3611,4171,4411,314


Operating Income by Segment
$ Mil20242023202220212020
Architectural Glass682921921
Architectural Metals658238-4536
Performance Surfaces2425243123
Architectural Services1218-223124
Corporate and other-35-28-19-11-15
Total134126222688


Assets by Segment
$ Mil20262025202420232022
Performance Surfaces337345846957
Architectural Metals326344364427414
Architectural Glass202213209208225
Architectural Services179179132142114
Corporate and other7994977077
Total1,1221,175884915888


Price Behavior

Price Behavior
Market Price$42.97 
Market Cap ($ Bil)0.9 
First Trading Date05/03/1973 
Distance from 52W High-11.6% 
   50 Days200 Days
DMA Price$40.57$37.13
DMA Trendindeterminateup
Distance from DMA5.9%15.7%
 3M1YR
Volatility52.3%42.0%
Downside Capture28.14115.47
Upside Capture114.0192.26
Correlation (SPY)17.3%31.1%
APOG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.560.150.590.880.990.99
Up Beta-1.13-0.89-0.540.931.180.91
Down Beta-0.671.001.120.860.760.78
Up Capture42%32%95%88%85%99%
Bmk +ve Days11223567138427
Stock +ve Days9213461120365
Down Capture244%8%65%90%111%106%
Bmk -ve Days11212859114326
Stock -ve Days13222964130385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with APOG
APOG7.5%42.2%0.28-
Sector ETF (XLI)25.0%17.0%1.1446.3%
Equity (SPY)22.6%12.8%1.3231.1%
Gold (GLD)31.4%28.4%0.9513.1%
Commodities (DBC)37.9%20.1%1.48-27.1%
Real Estate (VNQ)14.3%13.8%0.7339.4%
Bitcoin (BTCUSD)-46.5%42.9%-1.338.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with APOG
APOG4.4%37.5%0.20-
Sector ETF (XLI)14.3%17.6%0.6455.1%
Equity (SPY)13.4%17.2%0.6047.8%
Gold (GLD)19.0%18.6%0.835.4%
Commodities (DBC)9.8%19.6%0.395.6%
Real Estate (VNQ)2.2%18.9%0.0143.5%
Bitcoin (BTCUSD)9.9%52.8%0.3721.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with APOG
APOG1.3%42.8%0.18-
Sector ETF (XLI)14.4%20.0%0.6361.6%
Equity (SPY)15.4%17.9%0.7353.8%
Gold (GLD)12.0%16.2%0.613.1%
Commodities (DBC)8.0%18.0%0.3617.1%
Real Estate (VNQ)4.7%20.7%0.1949.9%
Bitcoin (BTCUSD)60.9%66.1%1.0115.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 715202623.0%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3.4 days
Basic Shares Quantity21.1 Mil
Short % of Basic Shares3.1%

Earnings Returns History

Updated 8/5/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/26/202615.2%-4.5%-2.8%
4/24/20267.6%2.3%1.6%
1/7/2026-13.9%-7.1%9.7%
10/10/2025-4.4%-8.5%-16.3%
6/27/2025-3.3%0.9%1.8%
4/24/2025-12.7%-13.6%-14.8%
1/7/2025-19.0%-25.4%-28.2%
10/4/2024-6.1%-6.8%-8.3%
...
SUMMARY STATS   
# Positive111314
# Negative131110
Median Positive3.6%2.0%4.1%
Median Negative-4.0%-7.1%-8.9%
Max Positive15.2%14.9%15.5%
Max Negative-19.0%-25.4%-28.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/26/202615.2%-4.5%-2.8%
4/24/20267.6%2.3%1.6%
1/7/2026-13.9%-7.1%9.7%
10/10/2025-4.4%-8.5%-16.3%
6/27/2025-3.3%0.9%1.8%
4/24/2025-12.7%-13.6%-14.8%
1/7/2025-19.0%-25.4%-28.2%
10/4/2024-6.1%-6.8%-8.3%
6/27/20248.1%4.9%15.5%
4/18/2024-3.2%2.5%11.2%
12/21/20233.1%3.6%3.6%
9/19/2023-1.9%-6.1%-12.0%
6/23/20231.9%1.2%-1.6%
4/12/20231.4%5.4%-8.0%
12/22/20220.2%1.6%1.5%
9/20/2022-2.1%-8.3%3.9%
6/23/20225.1%-1.9%1.9%
4/7/2022-3.3%2.0%-7.9%
12/21/20219.4%14.9%8.7%
9/21/20210.2%1.1%3.6%
6/25/2021-6.5%-6.9%-9.4%
4/8/20213.6%1.2%4.3%
12/18/2020-0.2%1.3%14.1%
9/17/2020-4.0%-13.4%9.0%
SUMMARY STATS   
# Positive111314
# Negative131110
Median Positive3.6%2.0%4.1%
Median Negative-4.0%-7.1%-8.9%
Max Positive15.2%14.9%15.5%
Max Negative-19.0%-25.4%-28.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
02/28/202604/24/202610-K
11/30/202501/07/202610-Q
08/31/202510/09/202510-Q
05/31/202507/02/202510-Q
02/28/202504/24/202510-K
11/30/202401/07/202510-Q
08/31/202410/04/202410-Q
05/31/202407/09/202410-Q
02/29/202404/26/202410-K
11/30/202301/03/202410-Q
08/31/202310/04/202310-Q
05/31/202306/28/202310-Q
02/28/202304/21/202310-K
11/30/202212/29/202210-Q
08/31/202209/29/202210-Q
05/31/202207/01/202210-Q
Collapse to Preview
Report DateFiling DateFiling
02/28/202604/24/202610-K
11/30/202501/07/202610-Q
08/31/202510/09/202510-Q
05/31/202507/02/202510-Q
02/28/202504/24/202510-K
11/30/202401/07/202510-Q
08/31/202410/04/202410-Q
05/31/202407/09/202410-Q
02/29/202404/26/202410-K
11/30/202301/03/202410-Q
08/31/202310/04/202310-Q
05/31/202306/28/202310-Q
02/28/202304/21/202310-K
11/30/202212/29/202210-Q
08/31/202209/29/202210-Q
05/31/202207/01/202210-Q
02/28/202204/22/202210-K
11/30/202101/06/202210-Q
08/31/202109/30/202110-Q
05/31/202107/01/202110-Q
02/28/202104/22/202110-K
11/30/202001/07/202110-Q
08/31/202010/08/202010-Q
05/31/202007/09/202010-Q
02/29/202004/24/202010-K
11/30/201901/09/202010-Q
08/31/201910/03/201910-Q
05/31/201907/11/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: Q1 2027 Earnings Reported 6/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2027 Revenue1.38 Bil1.41 Bil1.43 Bil0 AffirmedGuidance: 1.41 Bil for 2027
2027 EPS2.72.983.250 AffirmedGuidance: 2.98 for 2027
2027 Revenue (with acquisition)1.43 Bil1.46 Bil1.48 Bil   

Prior: Q4 2026 Earnings Reported 4/24/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2027 Net Sales1.38 Bil1.41 Bil1.43 Bil1.1% Higher NewGuidance: 1.39 Bil for 2026
2027 Adjusted Diluted EPS2.72.983.25-13.7% Lower NewGuidance: 3.45 for 2026
2027 Interest Expense 10.00 Mil    
2027 Adjusted Effective Tax Rate26.0%26.5%27.0%   
2027 Capital Expenditures35.00 Mil37.50 Mil40.00 Mil36.4% Higher NewGuidance: 27.50 Mil for 2026

Q3 2026 Earnings Reported 1/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue 1.39 Bil -1.1% LoweredGuidance: 1.41 Bil for 2026
2026 Diluted EPS2.492.572.65-14.0% LoweredGuidance: 2.99 for 2026
2026 Adjusted Diluted EPS3.43.453.5-8.0% LoweredGuidance: 3.75 for 2026
2026 Capital Expenditures25.00 Mil27.50 Mil30.00 Mil-26.7% LoweredGuidance: 37.50 Mil for 2026
Core Cache Last Updated: 8/12/2026