What is Apogee Enterprises's NMTC settlement gain?

Apogee Enterprises (APOG) reported NMTC settlement gain of $2.1M in Q4 2025.

What does NMTC settlement gain mean?

This reflects gains or losses realized from the finalization or termination of New Markets Tax Credit (NMTC) financial arrangements. These transactions are often structured to incentivize investment in economically distressed communities and can create non-recurring impacts on net earnings. Understanding this metric helps analysts isolate core operational performance from tax-driven financial engineering.

Apogee Enterprises APOG NMTC settlement gain

NMTC settlement gain at other companies

Sixth Street Specialty LendingTSLX

$235K—

Goldman Sachs BDCGSBD

$18K-75.0%

Inhibrx Biosciences, Inc.INBX

$0-100%

TrupanionTRUP

$1.95M—

Blackstone Secured Lending FundBXSL

$0-100%

Main Street CapitalMAIN

$2.97M-14.1%

Other financials

Income statement

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Revenue$351.4M+1.6%

Gross profit$78.7M+5.6%

Operating income$25.8M+320%

Net income$16.6M+569%

EPS (diluted)$0.78+500%

Balance sheet

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Cash & equivalents$39.5M-4.6%

Total debt$286.4M-18.6%

Total equity$511.8M+4.9%

Total assets$1.1B-4.5%

Cash flow

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Operating cash flow$55.8M+85.9%

CapEx$9.0M-17.5%

Free cash flow$46.9M+145%

Valuation

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Market cap$906.99M+10.2%

Enterprise value$1.15B+1.8%

P/E16.8×+7.1×

P/S0.7×0.0×

Profitability

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Gross margin22.7%-3.7pp

Operating margin6%-2.7pp

Net margin3.9%-2.4pp

FCF margin6.8%+0.2pp

Returns & leverage

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Return on equity10.8%-6.9pp

Debt / equity0.6×-0.2×

Current ratio1.6×+0.1×

Where this comes from

Reported directly by Apogee Enterprises in its filing.

Tagged under the XBRL concept apog:SettlementOfNewMarketsTaxCreditTransaction.

The official record: Apogee Enterprises’s 10-Q, filed January 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apogee Enterprises's NMTC settlement gain?: Apogee Enterprises (APOG) reported NMTC settlement gain of $2.1M in Q4 2025.
What does NMTC settlement gain mean?: This reflects gains or losses realized from the finalization or termination of New Markets Tax Credit (NMTC) financial arrangements. These transactions are often structured to incentivize investment in economically distressed communities and can create non-recurring impacts on net earnings. Understanding this metric helps analysts isolate core operational performance from tax-driven financial engineering.