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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Aterian, Inc. (ATER). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $13.9M, roughly 1.1× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -52.5%, a 57.6% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -38.5%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-1.0M). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -13.5%).
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.
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
APT vs ATER — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $15.1M |
| Net Profit | $698.0K | $-7.9M |
| Gross Margin | 37.1% | 56.1% |
| Operating Margin | 6.9% | -51.1% |
| Net Margin | 5.0% | -52.5% |
| Revenue YoY | 0.3% | -38.5% |
| Net Profit YoY | -17.6% | -512.2% |
| EPS (diluted) | $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.
| Q4 25 | $13.9M | $15.1M | ||
| Q3 25 | $14.8M | $19.0M | ||
| Q2 25 | $16.7M | $19.5M | ||
| Q1 25 | $13.8M | $15.4M | ||
| Q4 24 | $13.8M | $24.6M | ||
| Q3 24 | $14.3M | $26.2M | ||
| Q2 24 | $16.3M | $28.0M | ||
| Q1 24 | $13.5M | $20.2M |
| Q4 25 | $698.0K | $-7.9M | ||
| Q3 25 | $976.0K | $-2.3M | ||
| Q2 25 | $1.2M | $-4.9M | ||
| Q1 25 | $613.0K | $-3.9M | ||
| Q4 24 | $847.0K | $-1.3M | ||
| Q3 24 | $862.0K | $-1.8M | ||
| Q2 24 | $1.6M | $-3.6M | ||
| Q1 24 | $576.0K | $-5.2M |
| Q4 25 | 37.1% | 56.1% | ||
| Q3 25 | 39.7% | 56.1% | ||
| Q2 25 | 36.8% | 54.3% | ||
| Q1 25 | 39.0% | 61.4% | ||
| Q4 24 | 37.6% | 63.4% | ||
| Q3 24 | 38.5% | 60.3% | ||
| Q2 24 | 42.0% | 60.4% | ||
| Q1 24 | 40.2% | 65.1% |
| Q4 25 | 6.9% | -51.1% | ||
| Q3 25 | 7.4% | -10.7% | ||
| Q2 25 | 8.0% | -23.1% | ||
| Q1 25 | 3.3% | -24.1% | ||
| Q4 24 | 4.9% | -6.5% | ||
| Q3 24 | 5.2% | -6.6% | ||
| Q2 24 | 10.5% | -11.5% | ||
| Q1 24 | 2.4% | -26.1% |
| Q4 25 | 5.0% | -52.5% | ||
| Q3 25 | 6.6% | -12.0% | ||
| Q2 25 | 7.5% | -25.0% | ||
| Q1 25 | 4.4% | -25.4% | ||
| Q4 24 | 6.1% | -5.3% | ||
| Q3 24 | 6.0% | -6.8% | ||
| Q2 24 | 10.1% | -13.0% | ||
| Q1 24 | 4.3% | -25.5% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.15 | — | ||
| Q1 24 | $0.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $17.0M | $4.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $15.2M |
| Total Assets | $74.1M | $29.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $4.9M | ||
| Q3 25 | $17.7M | $7.6M | ||
| Q2 25 | $14.5M | $10.5M | ||
| Q1 25 | $13.4M | $14.3M | ||
| Q4 24 | $18.6M | $18.0M | ||
| Q3 24 | $18.4M | $16.1M | ||
| Q2 24 | $16.2M | $20.3M | ||
| Q1 24 | $18.5M | $17.5M |
| Q4 25 | $62.5M | $15.2M | ||
| Q3 25 | $62.5M | $22.6M | ||
| Q2 25 | $62.2M | $24.3M | ||
| Q1 25 | $61.7M | $27.0M | ||
| Q4 24 | $62.2M | $30.0M | ||
| Q3 24 | $62.1M | $30.6M | ||
| Q2 24 | $62.0M | $30.9M | ||
| Q1 24 | $61.6M | $33.0M |
| Q4 25 | $74.1M | $29.6M | ||
| Q3 25 | $73.9M | $40.1M | ||
| Q2 25 | $73.2M | $45.4M | ||
| Q1 25 | $72.2M | $49.8M | ||
| Q4 24 | $73.7M | $49.5M | ||
| Q3 24 | $73.3M | $52.1M | ||
| Q2 24 | $72.7M | $59.9M | ||
| Q1 24 | $72.7M | $55.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $318.0K | $-1.0M |
| Free Cash FlowOCF − Capex | $51.0K | $-1.0M |
| FCF MarginFCF / Revenue | 0.4% | -6.9% |
| Capex IntensityCapex / Revenue | 1.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-1.0M | ||
| Q3 25 | $3.9M | $-1.6M | ||
| Q2 25 | $2.1M | $-4.4M | ||
| Q1 25 | $-4.0M | $-3.9M | ||
| Q4 24 | $2.4M | $-9.0K | ||
| Q3 24 | $5.3M | $-722.0K | ||
| Q2 24 | $-873.0K | $2.9M | ||
| Q1 24 | $-1.2M | $-6.0K |
| Q4 25 | $51.0K | $-1.0M | ||
| Q3 25 | $3.8M | $-1.6M | ||
| Q2 25 | $1.9M | $-4.4M | ||
| Q1 25 | $-4.1M | — | ||
| Q4 24 | $970.0K | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $-1.0M | $2.9M | ||
| Q1 24 | $-1.3M | $-42.0K |
| Q4 25 | 0.4% | -6.9% | ||
| Q3 25 | 25.9% | -8.4% | ||
| Q2 25 | 11.7% | -22.7% | ||
| Q1 25 | -29.6% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | -6.2% | 10.3% | ||
| Q1 24 | -9.3% | -0.2% |
| Q4 25 | 1.9% | 0.0% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 10.4% | 0.0% | ||
| Q3 24 | 15.1% | 0.0% | ||
| Q2 24 | 0.8% | 0.0% | ||
| Q1 24 | 0.6% | 0.2% |
| Q4 25 | 0.46× | — | ||
| Q3 25 | 4.02× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | -6.46× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 6.18× | — | ||
| Q2 24 | -0.53× | — | ||
| Q1 24 | -2.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APT
| Other | $7.3M | 53% |
| Disposable Protective Apparel | $6.6M | 47% |
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
