Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Apogee Enterprises, Inc.APOG · manufacturing | |
|---|---|
| Grade |  Cmiddle fifth of 255 graded peers; percentile 44.1, sampling error 3.0 points; lower is stronger |
| Rank | 113 of 255 |
| Profitability | B/Cpercentile 41.4 |
| Solvency | Cpercentile 49.0 |
| Growth and financing | Cpercentile 51.1 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $1.1B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 12 of 14 |
| Graded from | filings received through Apr 24, 2026168 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $40.922026-10-08; market equity $855.0M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Apr 24, 2026; the document on sec.gov.
Apogee Enterprises, Inc. (Apogee, we, us, our or the Company) was incorporated under the laws of the State of Minnesota in 1949. We are a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. •The Architectural Metals Segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems used primarily in non-residential construction. In fiscal 2026, this segment accounted for approximately 36% of our net sales.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 41.4 | |||||||
| Gross profitability | 28.5% | [1,3] | 21.9% | 24.5 | 275 | 2026-02-28 | |
| Return on invested capital | 8.2% | [4-12] | 9.7% | 59.6 | 100 | 2026-02-28 | |
| Accruals ratio | (5.9%) | [1,13-15] | (3.6%) | 33.9 | 308 | 2026-02-28 | |
| Gross margin stability, five years | 2.1 pts | [2-3,16-23] | 2.1 pts | 47.8 | 229 | 2026-02-28 | |
| Solvency, sleeve percentile 49.0 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-08-29 | |||||||
| Altman Z double-prime | not computable | 3.66 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | 1.43x | [4,7,9,24] | 1.78x | 37.5 | 121 | 2026-02-28 | |
| Interest coverage | 6.04x | [4,25] | 5.09x | 42.9 | 64 | 2026-02-28 | |
| Current ratio | 1.65x | [26-27] | 2.25x | 66.7 | 325 | 2026-02-28 | |
| Growth and financing, sleeve percentile 51.1 | |||||||
| Revenue growth, three-year compound | (0.8%) | [2,17,19,21] | 2.1% | 64.2 | 269 | 2026-02-28 | |
| Free cash flow growth, three-year compound | 18.3% | [14,28-34] | 13.9% | 44.9 | 139 | 2026-02-28 | |
| Reinvestment rate | (11.5%) | [4-6,24,26-28,35-36] | 26.4% | 76.1 | 139 | 2026-02-28 | |
| Asset growth, three years | 7.0% | [1,15,37-38] | 4.4% | 35.3 | 279 | 2026-02-28 | |
| Net share issuance, one year | (0.9%) | [39-40] | 0.01% | 35.1 | 243 | 2026-04-17 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.061; sampling error 3.0 percentile points on 255 peers.
Among 255 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 108 | Azenta, Inc. (AZTA) Azenta, Inc. (AZTA) B/Con the B/C boundary; percentile 42.1 Nasdaq · Special Industry Machinery, NEC market equity $1.6B; last close $36.00 Warnings: late filer, fortress balance sheet; 7 of 14 inputs | 42.1 | B/C | late filer, fortress balance sheet |
| 109 | Fuel Tech, Inc. (FTEK) Fuel Tech, Inc. (FTEK) B/Con the B/C boundary; percentile 42.5 Nasdaq · Industrial & Commercial Fans & Blowers & Air Purifing Equip market equity $51.7M; last close $1.65 No active warnings; 9 of 14 inputs | 42.5 | B/C | |
| 110 | Honeywell International Inc. (HON) Honeywell International Inc. (HON) B/Con the B/C boundary; percentile 42.9 Nasdaq · Aircraft Engines & Engine Parts market equity $65.5B; last close $206.47 No active warnings; 12 of 14 inputs | 42.9 | B/C | |
| 111 | Belden Inc. (BDC) Belden Inc. (BDC) Cmiddle fifth; percentile 43.3 NYSE · Drawing & Insulating of Nonferrous Wire market equity $4.2B; last close $108.14 No active warnings; 9 of 14 inputs | 43.3 | C | |
| 112 | CPS Technologies (CPSH) CPS Technologies (CPSH) Cmiddle fifth; percentile 43.7 Nasdaq · Pottery & Related Products market equity $69.8M; last close $3.58 Warnings: fortress balance sheet; 10 of 14 inputs | 43.7 | C | fortress balance sheet |
| 113 | Apogee Enterprises, Inc. (APOG) Apogee Enterprises, Inc. (APOG) Cmiddle fifth; percentile 44.1 Nasdaq · Glass Products, Made of Purchased Glass market equity $851.9M; last close $40.92 No active warnings; 12 of 14 inputs | 44.1 | C | |
| 114 | Terex Corp. (TEX) Terex Corp. (TEX) Cmiddle fifth; percentile 44.5 NYSE · Industrial Trucks, Tractors, Trailors & Stackers market equity $6.0B; last close $52.32 Warnings: dilution; 13 of 14 inputs | 44.5 | C | dilution |
| 115 | Packaging Corp. OF America (PKG) Packaging Corp. OF America (PKG) Cmiddle fifth; percentile 44.9 NYSE · Paperboard Containers & Boxes market equity $20.5B; last close $229.73 Warnings: dilution; 11 of 14 inputs | 44.9 | C | dilution |
| 116 | Huntington Ingalls Industries, Inc. (HII) Huntington Ingalls Industries, Inc. (HII) Cmiddle fifth; percentile 45.3 NYSE · Ship & Boat Building & Repairing market equity $10.4B; last close $265.06 No active warnings; 9 of 14 inputs | 45.3 | C | |
| 117 | Serve Robotics Inc. (SERV) Serve Robotics Inc. (SERV) Cmiddle fifth; percentile 45.7 Nasdaq · General Industrial Machinery & Equipment, NEC market equity $385.8M; last close $4.45 Warnings: dilution; 7 of 14 inputs | 45.7 | C | dilution |
| 118 | Ceco Environmental Corp. (CECO) Ceco Environmental Corp. (CECO) Cmiddle fifth; percentile 46.1 Nasdaq · Industrial & Commercial Fans & Blowers & Air Purifing Equip market equity $3.8B; last close $65.55 No active warnings; 12 of 14 inputs | 46.1 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B/C | 40.3 | 2204 |
| sector peers, equal sleeves (the grade) | C | 44.1 | 255 |
| same exchange, equal sleeves | C | 44.3 | 1219 |
| sector peers, equal inputs | C | 47.6 | 255 |
Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (7.7%) | 13.7% | 27 | hotter than 27 of 100 peers |
| Distance from 52-week high | (16.7%) | (24.3%) | 69 | closer to its high than 69 of 100 peers |
| EBIT to enterprise value | 8.1% | 4.1% | 86 | pricier than 14 of 100 peers |
| Free cash flow yield | 11.2% | 3.4% | 91 | pricier than 9 of 100 peers |
| Book value to price | 0.61 | 0.34 | 71 | pricier than 29 of 100 peers |
| Sales to price | 1.65 | 0.54 | 83 | pricier than 17 of 100 peers |
| Composite equity issuance, five years | (33.0%) | (9.5%) | 9 | more equity-funded than 9 of 100 peers |
| Relative strength against the sector, log excess return | (0.21) | (0.00) | 27 | ahead of 27 of 100 peers |
Inputs: market equity $851.9M; EBIT $84.5M; free cash flow $95.2M; book equity $523.3M; sales $1.4B; debt $232.3M; cash $36.5M[41].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 6 of 9, period end 2026-02-28 | ||
|---|---|---|
| Return on assets above zero | 4.6% | ✓ pass[13,15] |
| Operating cash flow above zero | $122.5M | ✓ pass[14] |
| Return on assets improved | (5.0 pts) | ✗ fail[13,15,37,42] |
| Operating cash flow exceeds net income | $68.3M | ✓ pass[13-14] |
| Long-term leverage fell | (7.5 pts) | ✓ pass[1,15,37,43-44] |
| Current ratio improved | 9.8 pts | ✓ pass[26-27,35-36] |
| No new shares issued | (0.9%) | ✓ pass[39-40] |
| Gross margin improved | (3.7 pts) | ✗ fail[2-3,16-17] |
| Asset turnover improved | (34.4 pts) | ✗ fail[2,15,17,37] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $36.5M[45] |
| Operating cash flow, four quarters | $128.4M[14,45-49] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 3 |
| 10-Q received Oct 6, 2026 | |
| Median daily dollar volume | $7.9M |
| 63 sessions | |
| Days since newest grade input | 168 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $1.1B | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $319.5M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $84.5M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $77.5M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $23.3M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $232.3M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $511.8M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $39.5M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $285.0M | 2025-03-01 | 2025-04-24 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $487.9M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $41.4M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $54.1M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $122.5M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $1.2B | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $359.9M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $367.1M | 2024-03-02 | 2026-04-24 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2024-03-02 | 2026-04-24 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $335.3M | 2023-02-25 | 2025-04-24 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2023-02-25 | 2025-04-24 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $274.2M | 2022-02-26 | 2024-04-26 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.3B | 2022-02-26 | 2024-04-26 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $50.0M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 25 | interest expense | us-gaap:InterestExpense | $14.0M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $439.4M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $266.9M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 28 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $27.3M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $125.2M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $35.6M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $204.2M | 2024-03-02 | 2026-04-24 | 10-K | filing · viewer · series |
| 32 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $43.2M | 2024-03-02 | 2026-04-24 | 10-K | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $102.7M | 2023-02-25 | 2025-04-24 | 10-K | filing · viewer · series |
| 34 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $45.2M | 2023-02-25 | 2025-04-24 | 10-K | filing · viewer · series |
| 35 | current assets | us-gaap:AssetsCurrent | $442.1M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 36 | current liabilities | us-gaap:LiabilitiesCurrent | $285.5M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 37 | assets | us-gaap:Assets | $884.1M | 2024-03-02 | 2026-04-24 | 10-K | filing · viewer · series |
| 38 | assets | us-gaap:Assets | $915.4M | 2023-02-25 | 2025-04-24 | 10-K | filing · viewer · series |
| 39 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 21,220,737 | 2026-04-17 | 2026-04-24 | 10-K | filing · viewer · series |
| 40 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 21,419,290 | 2025-04-18 | 2025-04-24 | 10-K | filing · viewer · series |
| 41 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 20,895,599 | 2026-10-02 | 2026-10-06 | 10-Q | filing · viewer · series |
| 42 | net income | us-gaap:NetIncomeLoss | $85.1M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 43 | long term debt | us-gaap:LongTermDebtNoncurrent | $232.3M | 2026-02-28 | 2026-04-24 | 10-K | filing · viewer · series |
| 44 | long term debt | us-gaap:LongTermDebtNoncurrent | $285.0M | 2025-03-01 | 2026-04-24 | 10-K | filing · viewer · series |
| 45 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $36.5M | 2026-08-29 | 2026-10-06 | 10-Q | filing · viewer · series |
| 46 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $43.3M | 2026-08-29 | 2026-10-06 | 10-Q | filing · viewer · series |
| 47 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $7.4M | 2026-05-30 | 2026-06-30 | 10-Q | filing · viewer · series |
| 48 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $66.6M | 2025-11-29 | 2026-01-07 | 10-Q | filing · viewer · series |
| 49 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $37.3M | 2025-08-30 | 2026-10-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 44.1 is 4.1 points from the nearest band edge; sampling error is 3.0 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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