Apogee Enterprises, Inc. APOG

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
49/100
Developing

About Apogee Enterprises, Inc.

Apogee Enterprises, Inc. provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Metals, Architectural Glass, Architectural Services, and Performance Surfaces. The Architectural Metals segment designs, engineers, fabricates, and finishes aluminum window, curtainwall, storefront, and entrance … Full APOG analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.83), suggesting sticky customer base.
  • Operating Leverage in Effect Operating leverage is evident (score 0.60), with margins expanding over time.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.30), suggesting limited competitive advantage.
  • Below-Peer Operating Efficiency Operating margin at 36.7th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
42

Where APOG ranks in Building Products & Equipment

Apogee Enterprises, Inc. ranks #18 of 35 scored companies in Building Products & Equipment by moat score — the top 51%. The widest moat in the group is Armstrong World Industries Inc (AWI) at 83/100.

Moat scores for companies ranked near APOG in Building Products & Equipment
# Company Moat score Rating
14 Gibraltar Industries, Inc. ROCK 58/100 Moderate
15 Fortune Brands Innovations, Inc FBIN 57/100 Moderate
16 Alpha Pro Tech, Ltd. APT 52/100 Moderate
17 AAON, Inc. AAON 50/100 Developing
18 Apogee Enterprises, Inc. APOG 49/100 Developing
19 Arlo Technologies, Inc. ARLO 48/100 Developing
20 Carrier Global Corporation CARR 45/100 Developing
21 Louisiana-Pacific Corporation LPX 45/100 Developing
22 Latham Group, Inc. SWIM 44/100 Developing

See every General Corporate company ranked by moat score →

How APOG scores on the Corporate Default defenses

Pricing Power

Score 42 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 53 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 59 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 55 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 42 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 42 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding APOG's moat

What is Apogee Enterprises, Inc.'s moat score?

Apogee Enterprises, Inc. (APOG) scores 49 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #18 of 35 scored companies in Building Products & Equipment, the top 51%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 34 companies in Building Products & Equipment. Its strongest defense is Customer Stickiness (59/100) and its weakest is Pricing Power (42/100).

How does Apogee Enterprises, Inc. compare with other Building Products & Equipment companies?

Apogee Enterprises, Inc. ranks #18 of 35 scored companies in Building Products & Equipment by moat score. The widest moat in Building Products & Equipment is Armstrong World Industries Inc (AWI) at 83/100. The companies ranked closest are AAON, Inc. (AAON) at 50 just above it and Arlo Technologies, Inc. (ARLO) at 48 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 34 companies in Building Products & Equipment. The defenses are then weighted to produce the overall score out of 100.

Why is Apogee Enterprises, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Apogee Enterprises, Inc.?

The Corporate Default template measures 6 defenses, and APOG scores: Pricing Power (42), Cost Advantage (53), Customer Stickiness (59), Capital Efficiency (55), Resilience (42), Scale & Market Position (42). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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