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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and BGSF, INC. (BGSF). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $13.9M, roughly 1.6× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -5.3%, a 10.3% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -9.4%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $51.0K). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -5.3%).
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.
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
APT vs BGSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $22.0M |
| Net Profit | $698.0K | $-1.2M |
| Gross Margin | 37.1% | 35.0% |
| Operating Margin | 6.9% | -17.6% |
| Net Margin | 5.0% | -5.3% |
| Revenue YoY | 0.3% | -9.4% |
| Net Profit YoY | -17.6% | -18.2% |
| EPS (diluted) | $0.06 | $-0.12 |
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 | $22.0M | ||
| Q3 25 | $14.8M | $26.9M | ||
| Q2 25 | $16.7M | $23.5M | ||
| Q1 25 | $13.8M | $20.9M | ||
| Q4 24 | $13.8M | $24.3M | ||
| Q3 24 | $14.3M | $29.8M | ||
| Q2 24 | $16.3M | $25.7M | ||
| Q1 24 | $13.5M | $24.5M |
| Q4 25 | $698.0K | $-1.2M | ||
| Q3 25 | $976.0K | $-5.8M | ||
| Q2 25 | $1.2M | $-3.7M | ||
| Q1 25 | $613.0K | $-722.0K | ||
| Q4 24 | $847.0K | $-981.0K | ||
| Q3 24 | $862.0K | $-804.0K | ||
| Q2 24 | $1.6M | $-761.0K | ||
| Q1 24 | $576.0K | $-792.0K |
| Q4 25 | 37.1% | 35.0% | ||
| Q3 25 | 39.7% | 35.9% | ||
| Q2 25 | 36.8% | 35.8% | ||
| Q1 25 | 39.0% | 36.2% | ||
| Q4 24 | 37.6% | 35.9% | ||
| Q3 24 | 38.5% | 35.9% | ||
| Q2 24 | 42.0% | 37.3% | ||
| Q1 24 | 40.2% | 38.1% |
| Q4 25 | 6.9% | -17.6% | ||
| Q3 25 | 7.4% | -3.5% | ||
| Q2 25 | 8.0% | -18.8% | ||
| Q1 25 | 3.3% | 1.6% | ||
| Q4 24 | 4.9% | -15.7% | ||
| Q3 24 | 5.2% | -3.4% | ||
| Q2 24 | 10.5% | -5.7% | ||
| Q1 24 | 2.4% | 1.7% |
| Q4 25 | 5.0% | -5.3% | ||
| Q3 25 | 6.6% | -21.6% | ||
| Q2 25 | 7.5% | -15.9% | ||
| Q1 25 | 4.4% | -3.5% | ||
| Q4 24 | 6.1% | -4.0% | ||
| Q3 24 | 6.0% | -2.7% | ||
| Q2 24 | 10.1% | -3.0% | ||
| Q1 24 | 4.3% | -3.2% |
| Q4 25 | $0.06 | $-0.12 | ||
| Q3 25 | $0.09 | $-0.52 | ||
| Q2 25 | $0.12 | $-0.34 | ||
| Q1 25 | $0.06 | $-0.06 | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.08 | $-0.07 | ||
| Q2 24 | $0.15 | $-0.07 | ||
| 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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $48.1M |
| Total Assets | $74.1M | $57.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | — | ||
| Q3 25 | $17.7M | $41.2M | ||
| Q2 25 | $14.5M | $2.8M | ||
| Q1 25 | $13.4M | $2.0M | ||
| Q4 24 | $18.6M | $32.0K | ||
| Q3 24 | $18.4M | $262 | ||
| Q2 24 | $16.2M | $226 | ||
| Q1 24 | $18.5M | $50 |
| Q4 25 | $62.5M | $48.1M | ||
| Q3 25 | $62.5M | $50.7M | ||
| Q2 25 | $62.2M | $78.3M | ||
| Q1 25 | $61.7M | $81.8M | ||
| Q4 24 | $62.2M | $82.3M | ||
| Q3 24 | $62.1M | $82.9M | ||
| Q2 24 | $62.0M | $83.2M | ||
| Q1 24 | $61.6M | $83.6M |
| Q4 25 | $74.1M | $57.8M | ||
| Q3 25 | $73.9M | $83.6M | ||
| Q2 25 | $73.2M | $149.7M | ||
| Q1 25 | $72.2M | $152.3M | ||
| Q4 24 | $73.7M | $150.1M | ||
| Q3 24 | $73.3M | $157.3K | ||
| Q2 24 | $72.7M | $159.8K | ||
| Q1 24 | $72.7M | $170.6K |
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 | $1.7M |
| Free Cash FlowOCF − Capex | $51.0K | $1.7M |
| FCF MarginFCF / Revenue | 0.4% | 7.6% |
| Capex IntensityCapex / Revenue | 1.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-16.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $1.7M | ||
| Q3 25 | $3.9M | $-4.8M | ||
| Q2 25 | $2.1M | $2.2M | ||
| Q1 25 | $-4.0M | $1.1M | ||
| Q4 24 | $2.4M | $3.2M | ||
| Q3 24 | $5.3M | $6.5M | ||
| Q2 24 | $-873.0K | $7.3M | ||
| Q1 24 | $-1.2M | $7.4M |
| Q4 25 | $51.0K | $1.7M | ||
| Q3 25 | $3.8M | $-4.9M | ||
| Q2 25 | $1.9M | $2.1M | ||
| Q1 25 | $-4.1M | $1.0M | ||
| Q4 24 | $970.0K | $2.5M | ||
| Q3 24 | $3.2M | $6.5M | ||
| Q2 24 | $-1.0M | $7.3M | ||
| Q1 24 | $-1.3M | $6.9M |
| Q4 25 | 0.4% | 7.6% | ||
| Q3 25 | 25.9% | -18.1% | ||
| Q2 25 | 11.7% | 9.1% | ||
| Q1 25 | -29.6% | 5.0% | ||
| Q4 24 | 7.0% | 10.2% | ||
| Q3 24 | 22.3% | 21.7% | ||
| Q2 24 | -6.2% | 28.5% | ||
| Q1 24 | -9.3% | 28.1% |
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | 10.4% | 3.0% | ||
| Q3 24 | 15.1% | 0.0% | ||
| Q2 24 | 0.8% | 0.0% | ||
| Q1 24 | 0.6% | 2.0% |
| 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% |
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
