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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and ALPHA PRO TECH LTD (APT). Click either name above to swap in a different company.

ALPHA PRO TECH LTD is the larger business by last-quarter revenue ($13.9M vs $8.6M, roughly 1.6× Affinity Bancshares, Inc.). Affinity Bancshares, Inc. runs the higher net margin — 24.9% vs 5.0%, a 19.9% gap on every dollar of revenue. On growth, Affinity Bancshares, Inc. posted the faster year-over-year revenue change (12.8% vs 0.3%). Affinity Bancshares, Inc. produced more free cash flow last quarter ($11.2M vs $51.0K). Over the past eight quarters, Affinity Bancshares, Inc.'s revenue compounded faster (8.1% CAGR vs 1.4%).

Alpha Pro Tech Ltd is a leading developer, manufacturer and marketer of disposable protective apparel, face masks, and building supply products including weather-resistant barriers. It primarily serves the healthcare, industrial, and construction sectors, with core operating markets concentrated in North America.

AFBI vs APT — Head-to-Head

Bigger by revenue
APT
APT
1.6× larger
APT
$13.9M
$8.6M
AFBI
Growing faster (revenue YoY)
AFBI
AFBI
+12.5% gap
AFBI
12.8%
0.3%
APT
Higher net margin
AFBI
AFBI
19.9% more per $
AFBI
24.9%
5.0%
APT
More free cash flow
AFBI
AFBI
$11.2M more FCF
AFBI
$11.2M
$51.0K
APT
Faster 2-yr revenue CAGR
AFBI
AFBI
Annualised
AFBI
8.1%
1.4%
APT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFBI
AFBI
APT
APT
Revenue
$8.6M
$13.9M
Net Profit
$2.1M
$698.0K
Gross Margin
37.1%
Operating Margin
35.9%
6.9%
Net Margin
24.9%
5.0%
Revenue YoY
12.8%
0.3%
Net Profit YoY
58.5%
-17.6%
EPS (diluted)
$0.34
$0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AFBI
AFBI
APT
APT
Q4 25
$8.6M
$13.9M
Q3 25
$8.4M
$14.8M
Q2 25
$8.3M
$16.7M
Q1 25
$7.8M
$13.8M
Q4 24
$7.6M
$13.8M
Q3 24
$8.0M
$14.3M
Q2 24
$8.3M
$16.3M
Q1 24
$7.3M
$13.5M
Net Profit
AFBI
AFBI
APT
APT
Q4 25
$2.1M
$698.0K
Q3 25
$2.2M
$976.0K
Q2 25
$2.2M
$1.2M
Q1 25
$1.8M
$613.0K
Q4 24
$1.3M
$847.0K
Q3 24
$1.7M
$862.0K
Q2 24
$1.0M
$1.6M
Q1 24
$1.3M
$576.0K
Gross Margin
AFBI
AFBI
APT
APT
Q4 25
37.1%
Q3 25
39.7%
Q2 25
36.8%
Q1 25
39.0%
Q4 24
37.6%
Q3 24
38.5%
Q2 24
42.0%
Q1 24
40.2%
Operating Margin
AFBI
AFBI
APT
APT
Q4 25
35.9%
6.9%
Q3 25
34.9%
7.4%
Q2 25
34.1%
8.0%
Q1 25
30.8%
3.3%
Q4 24
21.1%
4.9%
Q3 24
28.5%
5.2%
Q2 24
16.2%
10.5%
Q1 24
24.0%
2.4%
Net Margin
AFBI
AFBI
APT
APT
Q4 25
24.9%
5.0%
Q3 25
26.5%
6.6%
Q2 25
25.9%
7.5%
Q1 25
23.4%
4.4%
Q4 24
17.7%
6.1%
Q3 24
21.7%
6.0%
Q2 24
12.5%
10.1%
Q1 24
18.2%
4.3%
EPS (diluted)
AFBI
AFBI
APT
APT
Q4 25
$0.34
$0.06
Q3 25
$0.34
$0.09
Q2 25
$0.33
$0.12
Q1 25
$0.28
$0.06
Q4 24
$0.21
$0.07
Q3 24
$0.26
$0.08
Q2 24
$0.16
$0.15
Q1 24
$0.20
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AFBI
AFBI
APT
APT
Cash + ST InvestmentsLiquidity on hand
$53.9M
$17.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.0M
$62.5M
Total Assets
$881.7M
$74.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFBI
AFBI
APT
APT
Q4 25
$53.9M
$17.0M
Q3 25
$84.8M
$17.7M
Q2 25
$89.7M
$14.5M
Q1 25
$74.7M
$13.4M
Q4 24
$41.4M
$18.6M
Q3 24
$52.3M
$18.4M
Q2 24
$50.4M
$16.2M
Q1 24
$61.4M
$18.5M
Stockholders' Equity
AFBI
AFBI
APT
APT
Q4 25
$127.0M
$62.5M
Q3 25
$125.4M
$62.5M
Q2 25
$124.1M
$62.2M
Q1 25
$122.3M
$61.7M
Q4 24
$129.1M
$62.2M
Q3 24
$128.4M
$62.1M
Q2 24
$125.1M
$62.0M
Q1 24
$123.3M
$61.6M
Total Assets
AFBI
AFBI
APT
APT
Q4 25
$881.7M
$74.1M
Q3 25
$925.2M
$73.9M
Q2 25
$933.8M
$73.2M
Q1 25
$912.5M
$72.2M
Q4 24
$866.8M
$73.7M
Q3 24
$878.6M
$73.3M
Q2 24
$873.6M
$72.7M
Q1 24
$869.5M
$72.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AFBI
AFBI
APT
APT
Operating Cash FlowLast quarter
$11.6M
$318.0K
Free Cash FlowOCF − Capex
$11.2M
$51.0K
FCF MarginFCF / Revenue
130.9%
0.4%
Capex IntensityCapex / Revenue
4.9%
1.9%
Cash ConversionOCF / Net Profit
5.46×
0.46×
TTM Free Cash FlowTrailing 4 quarters
$20.3M
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFBI
AFBI
APT
APT
Q4 25
$11.6M
$318.0K
Q3 25
$3.7M
$3.9M
Q2 25
$3.8M
$2.1M
Q1 25
$1.9M
$-4.0M
Q4 24
$6.8M
$2.4M
Q3 24
$4.1M
$5.3M
Q2 24
$619.0K
$-873.0K
Q1 24
$1.2M
$-1.2M
Free Cash Flow
AFBI
AFBI
APT
APT
Q4 25
$11.2M
$51.0K
Q3 25
$3.6M
$3.8M
Q2 25
$3.7M
$1.9M
Q1 25
$1.8M
$-4.1M
Q4 24
$6.4M
$970.0K
Q3 24
$4.0M
$3.2M
Q2 24
$489.0K
$-1.0M
Q1 24
$1.1M
$-1.3M
FCF Margin
AFBI
AFBI
APT
APT
Q4 25
130.9%
0.4%
Q3 25
43.3%
25.9%
Q2 25
44.0%
11.7%
Q1 25
22.7%
-29.6%
Q4 24
83.9%
7.0%
Q3 24
49.5%
22.3%
Q2 24
5.9%
-6.2%
Q1 24
14.8%
-9.3%
Capex Intensity
AFBI
AFBI
APT
APT
Q4 25
4.9%
1.9%
Q3 25
0.8%
0.7%
Q2 25
1.4%
0.8%
Q1 25
1.9%
1.0%
Q4 24
5.6%
10.4%
Q3 24
1.7%
15.1%
Q2 24
1.6%
0.8%
Q1 24
1.8%
0.6%
Cash Conversion
AFBI
AFBI
APT
APT
Q4 25
5.46×
0.46×
Q3 25
1.66×
4.02×
Q2 25
1.75×
1.68×
Q1 25
1.05×
-6.46×
Q4 24
5.05×
2.85×
Q3 24
2.36×
6.18×
Q2 24
0.60×
-0.53×
Q1 24
0.91×
-2.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AFBI
AFBI

Segment breakdown not available.

APT
APT

Other$7.3M53%
Disposable Protective Apparel$6.6M47%

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