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APOG

APOGEE ENTERPRISES, INC.
CIK 0000006845 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
51.4
composite ยท 5 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-07 ยท FY 2026-02-28 ยท TRIGGERED71.0

Pension underfunding

DB plan 41% funded โ€” -$5M deficit (1% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 8348000,
  "plan_assets": 3451000,
  "funded_ratio": 0.4134,
  "deficit": -4897000,
  "deficit_vs_equity": 0.0096,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/6845/000000684526000023/0000006845-26-000023-index.htm",
    "form": "10-K",
    "filed": "2026-04-24"
  }
}
P-01 ยท FY 2026-02-28 ยท CLEAN24.5

Earnings quality

Beneish M-Score -2.64 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.643,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1.163,
    "AQI": 0.964,
    "SGI": 1.032,
    "DEPI": 0.87,
    "SGAI": 0.942,
    "LVGI": 0.916,
    "TATA": -0.061
  },
  "defaulted_to_neutral": [
    "DSRI"
  ],
  "sloan_accruals": -0.0595,
  "inputs": {
    "revenue_t": 1404733000,
    "revenue_t1": 1360994000,
    "total_assets_t": 1122345000,
    "net_income_t": 54131000,
    "cfo_t": 122465000
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/6845/000000684526000023/0000006845-26-000023-index.htm",
    "form": "10-K",
    "filed": "2026-04-24"
  }
}
P-05 ยท FY 2026-02-28 ยท CLEAN0.0

Tax arbitrage

ETR 30.1% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2026-02-28": 0.3011,
    "2025-03-01": 0.2445,
    "2024-03-02": 0.2293
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2026-02-28": -0.0911,
    "2025-03-01": -0.0345,
    "2024-03-02": -0.0193
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/6845/000000684526000023/0000006845-26-000023-index.htm",
    "form": "10-K",
    "filed": "2026-04-24"
  }
}
P-12 ยท FY 2026-02-28 ยท CLEAN14.3

Restatement predictor

F-Score 0.43 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.428,
  "probability": 0.00158,
  "components": {
    "rsst": -0.0595,
    "drec": null,
    "dinv": 0.005,
    "soft": 0.7376,
    "dcs": 0.0321,
    "droa": -0.0241,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/6845/000000684526000023/0000006845-26-000023-index.htm",
    "form": "10-K",
    "filed": "2026-04-24"
  }
}
P-13 ยท FY 2026-02-28 ยท CLEAN0.0

Zombie / distress

Interest coverage 6.04x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-24) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2026-02-28": 6.044,
    "2025-03-01": 19.177,
    "2024-03-02": 20.068,
    "2023-02-25": 16.421
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.685,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 84474000,
    "interest_expense_t": 13976000
  },
  "stale": false,
  "latest_filing_period": "2026-02-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/6845/000000684526000023/0000006845-26-000023-index.htm",
    "form": "10-K",
    "filed": "2026-04-24"
  }
}