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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and AVALON HOLDINGS CORP (AWX). Click either name above to swap in a different company.
AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $13.9M, roughly 1.5× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -1.7%, a 6.7% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs 0.3%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-166.0K). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% 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.
Avalon Hill Games Inc. is a game company that publishes wargames and strategic board games. It has also published miniature wargaming rules, role-playing games and sports simulations. It is a subsidiary of Hasbro, and operates under the company's "Hasbro Gaming" division.
APT vs AWX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $21.5M |
| Net Profit | $698.0K | $-356.0K |
| Gross Margin | 37.1% | 17.1% |
| Operating Margin | 6.9% | 0.4% |
| Net Margin | 5.0% | -1.7% |
| Revenue YoY | 0.3% | 21.7% |
| Net Profit YoY | -17.6% | 28.4% |
| 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 | $21.5M | ||
| Q3 25 | $14.8M | $25.7M | ||
| Q2 25 | $16.7M | $20.3M | ||
| Q1 25 | $13.8M | $16.1M | ||
| Q4 24 | $13.8M | $17.6M | ||
| Q3 24 | $14.3M | $24.2M | ||
| Q2 24 | $16.3M | $23.1M | ||
| Q1 24 | $13.5M | $18.9M |
| Q4 25 | $698.0K | $-356.0K | ||
| Q3 25 | $976.0K | $1.9M | ||
| Q2 25 | $1.2M | $274.0K | ||
| Q1 25 | $613.0K | $-1.5M | ||
| Q4 24 | $847.0K | $-497.0K | ||
| Q3 24 | $862.0K | $1.8M | ||
| Q2 24 | $1.6M | $954.0K | ||
| Q1 24 | $576.0K | $-979.0K |
| Q4 25 | 37.1% | 17.1% | ||
| Q3 25 | 39.7% | 23.7% | ||
| Q2 25 | 36.8% | 20.6% | ||
| Q1 25 | 39.0% | 14.8% | ||
| Q4 24 | 37.6% | 17.5% | ||
| Q3 24 | 38.5% | 24.6% | ||
| Q2 24 | 42.0% | 22.1% | ||
| Q1 24 | 40.2% | 16.2% |
| Q4 25 | 6.9% | 0.4% | ||
| Q3 25 | 7.4% | 9.1% | ||
| Q2 25 | 8.0% | 3.7% | ||
| Q1 25 | 3.3% | -7.2% | ||
| Q4 24 | 4.9% | -0.8% | ||
| Q3 24 | 5.2% | 9.4% | ||
| Q2 24 | 10.5% | 6.3% | ||
| Q1 24 | 2.4% | -2.7% |
| Q4 25 | 5.0% | -1.7% | ||
| Q3 25 | 6.6% | 7.4% | ||
| Q2 25 | 7.5% | 1.4% | ||
| Q1 25 | 4.4% | -9.3% | ||
| Q4 24 | 6.1% | -2.8% | ||
| Q3 24 | 6.0% | 7.6% | ||
| Q2 24 | 10.1% | 4.1% | ||
| Q1 24 | 4.3% | -5.2% |
| 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 | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $38.4M |
| Total Assets | $74.1M | $87.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $4.1M | ||
| Q3 25 | $17.7M | $4.6M | ||
| Q2 25 | $14.5M | $3.7M | ||
| Q1 25 | $13.4M | $1.3M | ||
| Q4 24 | $18.6M | $2.8M | ||
| Q3 24 | $18.4M | $3.9M | ||
| Q2 24 | $16.2M | $3.8M | ||
| Q1 24 | $18.5M | $1.2M |
| Q4 25 | $62.5M | $38.4M | ||
| Q3 25 | $62.5M | $38.7M | ||
| Q2 25 | $62.2M | $36.8M | ||
| Q1 25 | $61.7M | $36.5M | ||
| Q4 24 | $62.2M | $38.0M | ||
| Q3 24 | $62.1M | $38.5M | ||
| Q2 24 | $62.0M | $36.7M | ||
| Q1 24 | $61.6M | $35.7M |
| Q4 25 | $74.1M | $87.4M | ||
| Q3 25 | $73.9M | $90.7M | ||
| Q2 25 | $73.2M | $88.1M | ||
| Q1 25 | $72.2M | $87.6M | ||
| Q4 24 | $73.7M | $86.2M | ||
| Q3 24 | $73.3M | $89.1M | ||
| Q2 24 | $72.7M | $91.7M | ||
| Q1 24 | $72.7M | $90.6M |
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 | $278.0K |
| Free Cash FlowOCF − Capex | $51.0K | $-166.0K |
| FCF MarginFCF / Revenue | 0.4% | -0.8% |
| Capex IntensityCapex / Revenue | 1.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $278.0K | ||
| Q3 25 | $3.9M | $1.5M | ||
| Q2 25 | $2.1M | $3.0M | ||
| Q1 25 | $-4.0M | $-982.0K | ||
| Q4 24 | $2.4M | $-579.0K | ||
| Q3 24 | $5.3M | $342.0K | ||
| Q2 24 | $-873.0K | $3.2M | ||
| Q1 24 | $-1.2M | $411.0K |
| Q4 25 | $51.0K | $-166.0K | ||
| Q3 25 | $3.8M | $852.0K | ||
| Q2 25 | $1.9M | $2.7M | ||
| Q1 25 | $-4.1M | $-1.4M | ||
| Q4 24 | $970.0K | $-1.1M | ||
| Q3 24 | $3.2M | $-660.0K | ||
| Q2 24 | $-1.0M | $2.9M | ||
| Q1 24 | $-1.3M | $56.0K |
| Q4 25 | 0.4% | -0.8% | ||
| Q3 25 | 25.9% | 3.3% | ||
| Q2 25 | 11.7% | 13.5% | ||
| Q1 25 | -29.6% | -8.5% | ||
| Q4 24 | 7.0% | -6.4% | ||
| Q3 24 | 22.3% | -2.7% | ||
| Q2 24 | -6.2% | 12.4% | ||
| Q1 24 | -9.3% | 0.3% |
| Q4 25 | 1.9% | 2.1% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.8% | 1.4% | ||
| Q1 25 | 1.0% | 2.4% | ||
| Q4 24 | 10.4% | 3.1% | ||
| Q3 24 | 15.1% | 4.1% | ||
| Q2 24 | 0.8% | 1.5% | ||
| Q1 24 | 0.6% | 1.9% |
| Q4 25 | 0.46× | — | ||
| Q3 25 | 4.02× | 0.76× | ||
| Q2 25 | 1.68× | 11.07× | ||
| Q1 25 | -6.46× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 6.18× | 0.19× | ||
| Q2 24 | -0.53× | 3.35× | ||
| 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% |
AWX
Segment breakdown not available.
