Apogee Enterprises (APOG) Cash Flow: Operating & Free Cash Flow

Apogee Enterprises (APOG) Cash Flow Statement

In fiscal 2026 (fiscal year ended Feb 28, 2026), Apogee Enterprises generated $122.47M of operating cash flow and spent $27.31M on capital expenditures. That left free cash flow of $95.16M, up 6.2% from $89.57M a year earlier, or 6.8% of revenue. It returned $37.22M to shareholders through $22.22M in dividends and $15.00M in share buybacks.

Apogee Enterprises Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Apogee Enterprises, Inc. (APOG) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Feb 2026	Mar 2025	Feb 2025	Mar 2024	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017
Operating Activities
Net Income	54.13	85.05	85.05	99.61	99.61	104.11	3.49	15.44	61.91	45.69	79.49	85.79
Depreciation & Amortization	50.00	44.61	44.61	41.59	41.59	42.40	49.99	51.44	46.80	49.80	54.84	35.61
Deferred Income Tax	15.48	-	3.84	-	-9.75	-7.19	-7.96	-6.46	10.46	-5.51	3.20	-1.07
Stock Based Compensation	8.25	10.73	10.73	9.72	9.72	8.66	6.29	8.57	6.61	6.29	6.21	5.99
Change in Working Capital	-15.03	-39.60	-39.60	44.31	44.31	-57.61	-12.47	11.30	-16.40	-7.19	-16.13	-5.70
Change in Accounts Receivable	-12.41	-0.51	-0.51	23.99	33.87	-58.84	3.86	21.63	-4.22	18.16	18.17	3.46
Change in Inventory	-5.34	-5.81	-5.81	9.37	9.37	1.73	-7.71	-1.44	7.14	5.11	11.52	-6.39
Change in Accounts Payable	5.52	9.60	9.60	-2.66	-2.66	-5.49	14.74	0.08	-18.84	-32.09	-25.89	16.48
Change in Other Working Capital	-23.19	-26.16	-42.88	-1.61	3.73	16.14	11.15	-8.97	-0.48	1.62	-19.94	-19.25
Other Operating Activities	25.12	23.97	20.54	8.92	18.67	16.14	11.15	61.57	-2.12	7.34	-0.29	0.33
Net Cash from Operating Activities	122.47	125.16	125.16	204.15	204.15	102.70	100.47	141.86	107.26	96.42	127.31	120.95
Investing Activities
Capital Expenditures	-27.31	-35.59	-35.59	-43.18	-43.18	-45.18	-21.84	-26.17	-51.43	-60.72	-53.20	-68.06
Acquisitions	1.63	-232.17	-232.17	-	0.00	7.76	30.60	26.17	51.43	60.72	-182.85	-134.95
Purchases of Investments	-9.67	-2.39	-2.39	-2.95	-2.95	-7.76	-1.04	-3.61	-7.01	-9.21	-10.24	-3.71
Sales/Maturities of Investments	4.82	3.57	3.57	2.17	2.17	9.71	1.56	2.66	7.77	6.11	0.23	32.73
Other Investing Activities	0.00	-	0.69	-	0.29	7.76	0.00	-1.20	-47.79	-50.59	20.32	-6.79
Net Cash from Investing Activities	-30.53	-265.89	-265.89	-43.68	-43.68	-27.71	9.28	-2.15	-47.04	-53.70	-225.73	-180.78
Financing Activities
Debt Repayment	-2.72	-47.00	223.00	-	-107.85	-478.87	-2.00	-53.14	-27.50	30.00	149.96	44.99
Common Stock Repurchased	-15.00	-45.36	-45.36	-11.82	-11.82	-74.31	-100.41	-32.88	-25.14	-43.33	-33.68	-10.82
Dividends Paid	-22.22	-21.74	-21.74	-21.13	-21.13	-19.67	-20.27	-19.60	-18.71	-17.86	-16.39	-14.67
Other Financing Activities	-6.24	-9.85	-9.85	-3.80	-3.80	-4.06	-2.01	-2.26	-3.16	-1.14	-1.56	-0.84
Net Cash from Financing Activities	-96.18	146.05	146.05	-144.61	-144.61	-91.02	-120.57	-107.88	-74.51	-32.33	98.33	18.66
Summary
Effect of Forex Changes on Cash	2.32	-1.09	-1.09	-0.13	-0.13	-0.07	1.12	0.49	0.00	-0.52	-0.01	0.16
Net Change in Cash	-1.93	4.23	4.23	15.74	15.74	-16.11	-10.82	32.33	-14.29	9.88	-0.10	-41.01
Cash at Beginning of Period	41.45	-	37.22	-	21.47	37.58	47.28	14.95	29.24	19.36	19.46	60.47
Cash at End of Period	39.52	-	41.45	-	37.22	21.47	37.58	47.28	14.95	29.24	19.36	19.46
Free Cash Flow	95.16	89.57	89.57	160.97	160.97	57.52	78.63	115.70	55.83	35.71	74.11	52.89
Supplemental Disclosures
Interest Paid	-	8.10	-	9.30	-	8.20	3.50	4.60	-	-	-	-
Income Taxes Paid	-	29.60	-	33.00	-	27.40	8.20	14.10	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 29, 2026. Data sources and methodology

Frequently Asked Questions About Apogee Enterprises Cash Flow

What is Apogee Enterprises's free cash flow?

Apogee Enterprises generated free cash flow of $95.16M in fiscal 2026 (fiscal year ended Feb 28, 2026), operating cash flow of $122.47M minus $27.31M of capital expenditures. That was up 6.2% from $89.57M a year earlier. Free cash flow equaled 6.8% of revenue.

How much does Apogee Enterprises spend on capital expenditures?

Apogee Enterprises spent $27.31M on capital expenditures in fiscal 2026, compared with $35.59M a year earlier. That equals 22.3% of operating cash flow.

Does Apogee Enterprises pay dividends or buy back shares?

Yes. In fiscal 2026 Apogee Enterprises returned $22.22M in dividends and $15.00M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition