APOG (Apogee Enterprises) Gross Margin % : 28.42% (As of Aug. 2024)

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What is Apogee Enterprises Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Apogee Enterprises's Gross Profit for the three months ended in Aug. 2024 was $97 Mil. Apogee Enterprises's Revenue for the three months ended in Aug. 2024 was $342 Mil. Therefore, Apogee Enterprises's Gross Margin % for the quarter that ended in Aug. 2024 was 28.42%.

The historical rank and industry rank for Apogee Enterprises's Gross Margin % or its related term are showing as below:

APOG' s Gross Margin % Range Over the Past 10 Years
Min: 20.86 Med: 23.13 Max: 27.26
Current: 27.26

During the past 13 years, the highest Gross Margin % of Apogee Enterprises was 27.26%. The lowest was 20.86%. And the median was 23.13%.

APOG's Gross Margin % is ranked better than
64.6% of 1644 companies
in the Construction industry
Industry Median: 19.89 vs APOG: 27.26

Apogee Enterprises had a gross margin of 28.42% for the quarter that ended in Aug. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Apogee Enterprises was 3.00% per year.

Apogee Enterprises Gross Margin % Historical Data

The historical data trend for Apogee Enterprises's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apogee Enterprises Gross Margin % Chart

Apogee Enterprises Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Gross Margin %

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22.99

22.40

20.86

23.27

25.91

Apogee Enterprises Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Gross Margin %	Get a 7-Day Free Trial															26.97	26.58	24.45	29.82	28.42

Competitive Comparison of Apogee Enterprises's Gross Margin %

For the Building Products & Equipment subindustry, Apogee Enterprises's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Apogee Enterprises's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Apogee Enterprises's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Apogee Enterprises's Gross Margin % falls into.

Apogee Enterprises Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Apogee Enterprises's Gross Margin for the fiscal year that ended in Feb. 2024 is calculated as

Gross Margin % (A: Feb. 2024 )	=	Gross Profit (A: Feb. 2024 )	/	Revenue (A: Feb. 2024 )
	=	367.1	/	1416.942
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1416.942 - 1049.814)	/	1416.942
	=	25.91 %

Apogee Enterprises's Gross Margin for the quarter that ended in Aug. 2024 is calculated as

Gross Margin % (Q: Aug. 2024 )	=	Gross Profit (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	97.3	/	342.44
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(342.44 - 245.119)	/	342.44
	=	28.42 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Apogee Enterprises (NAS:APOG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Apogee Enterprises had a gross margin of 28.42% for the quarter that ended in Aug. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Apogee Enterprises Gross Margin % Related Terms

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Apogee Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Apogee Enterprises Inc (NAS:APOG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ANP:Germany

Address

4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435

Website

https://www.apog.com

Apogee Enterprises Inc provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. Its segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and others. Geographically, it derives a majority of its revenue from the United States.

Executives

Brent C Jewell	officer: Sr VP Business Dev & Strategy	4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Ty R Silberhorn	director, officer: Chief Executive Officer & Pres	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Lloyd Emerson Johnson	director	16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Curtis John Dobler	officer: SVP & CHRO	4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Troy R Johnson	officer: Pres, Architectural Services	C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Meghan Marie Elliott	officer: Vice Pres, Gen Counsel, Secy	C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Jane Marie Boyce	officer: President, Large Scale Optical	4400 W 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Matthew J Osberg	officer: EVP and CFO	1 HELEN OF TROY PLAZA, EL PASO TX 79912
Gary R Johnson	officer: Treasurer & Vice President
Mark Richard Augdahl	officer: VP, Finance & Corp Controller	4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Nicholas Charles Longman	officer: Pres, Architectural Glass	C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Bernard P Aldrich	director	7725 WASHINGTON AVENUE SOUTH, MINNEAPOLIS MN 55439
Joseph F. Puishys	director, officer: Chief Executive Officer & Pres	4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Maureen Ann Hayes	officer: Chief Information Officer	4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435