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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and EVOLUTION PETROLEUM CORP (EPM). Click either name above to swap in a different company.

EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $13.9M, roughly 1.5× ALPHA PRO TECH LTD). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs 5.0%, a 0.1% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs 0.3%). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -5.2%).

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.

APT vs EPM — Head-to-Head

Bigger by revenue
EPM
EPM
1.5× larger
EPM
$20.7M
$13.9M
APT
Growing faster (revenue YoY)
EPM
EPM
+1.7% gap
EPM
2.0%
0.3%
APT
Higher net margin
EPM
EPM
0.1% more per $
EPM
5.2%
5.0%
APT
Faster 2-yr revenue CAGR
APT
APT
Annualised
APT
1.4%
-5.2%
EPM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
APT
APT
EPM
EPM
Revenue
$13.9M
$20.7M
Net Profit
$698.0K
$1.1M
Gross Margin
37.1%
44.3%
Operating Margin
6.9%
3.2%
Net Margin
5.0%
5.2%
Revenue YoY
0.3%
2.0%
Net Profit YoY
-17.6%
158.4%
EPS (diluted)
$0.06
$0.03

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
APT
APT
EPM
EPM
Q4 25
$13.9M
$20.7M
Q3 25
$14.8M
$21.3M
Q2 25
$16.7M
$21.1M
Q1 25
$13.8M
$22.6M
Q4 24
$13.8M
$20.3M
Q3 24
$14.3M
$21.9M
Q2 24
$16.3M
$21.2M
Q1 24
$13.5M
$23.0M
Net Profit
APT
APT
EPM
EPM
Q4 25
$698.0K
$1.1M
Q3 25
$976.0K
$824.0K
Q2 25
$1.2M
$3.4M
Q1 25
$613.0K
$-2.2M
Q4 24
$847.0K
$-1.8M
Q3 24
$862.0K
$2.1M
Q2 24
$1.6M
$1.2M
Q1 24
$576.0K
$289.0K
Gross Margin
APT
APT
EPM
EPM
Q4 25
37.1%
44.3%
Q3 25
39.7%
38.5%
Q2 25
36.8%
46.1%
Q1 25
39.0%
40.7%
Q4 24
37.6%
36.9%
Q3 24
38.5%
46.2%
Q2 24
42.0%
46.3%
Q1 24
40.2%
45.2%
Operating Margin
APT
APT
EPM
EPM
Q4 25
6.9%
3.2%
Q3 25
7.4%
-0.4%
Q2 25
8.0%
6.3%
Q1 25
3.3%
7.0%
Q4 24
4.9%
-3.0%
Q3 24
5.2%
8.5%
Q2 24
10.5%
11.3%
Q1 24
2.4%
9.1%
Net Margin
APT
APT
EPM
EPM
Q4 25
5.0%
5.2%
Q3 25
6.6%
3.9%
Q2 25
7.5%
16.2%
Q1 25
4.4%
-9.7%
Q4 24
6.1%
-9.0%
Q3 24
6.0%
9.4%
Q2 24
10.1%
5.8%
Q1 24
4.3%
1.3%
EPS (diluted)
APT
APT
EPM
EPM
Q4 25
$0.06
$0.03
Q3 25
$0.09
$0.02
Q2 25
$0.12
$0.10
Q1 25
$0.06
$-0.07
Q4 24
$0.07
$-0.06
Q3 24
$0.08
$0.06
Q2 24
$0.15
$0.04
Q1 24
$0.05
$0.01

Balance Sheet & Financial Strength

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

Metric
APT
APT
EPM
EPM
Cash + ST InvestmentsLiquidity on hand
$17.0M
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$67.5M
Total Assets
$74.1M
$169.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APT
APT
EPM
EPM
Q4 25
$17.0M
$3.8M
Q3 25
$17.7M
$714.0K
Q2 25
$14.5M
$2.5M
Q1 25
$13.4M
$5.6M
Q4 24
$18.6M
$11.7M
Q3 24
$18.4M
$6.9M
Q2 24
$16.2M
$6.4M
Q1 24
$18.5M
$3.1M
Stockholders' Equity
APT
APT
EPM
EPM
Q4 25
$62.5M
$67.5M
Q3 25
$62.5M
$69.1M
Q2 25
$62.2M
$71.8M
Q1 25
$61.7M
$71.7M
Q4 24
$62.2M
$76.3M
Q3 24
$62.1M
$79.6M
Q2 24
$62.0M
$81.1M
Q1 24
$61.6M
$83.5M
Total Assets
APT
APT
EPM
EPM
Q4 25
$74.1M
$169.3M
Q3 25
$73.9M
$169.1M
Q2 25
$73.2M
$160.3M
Q1 25
$72.2M
$156.4M
Q4 24
$73.7M
$160.2M
Q3 24
$73.3M
$157.9M
Q2 24
$72.7M
$162.9M
Q1 24
$72.7M
$166.5M

Cash Flow & Capital Efficiency

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

Metric
APT
APT
EPM
EPM
Operating Cash FlowLast quarter
$318.0K
$5.4M
Free Cash FlowOCF − Capex
$51.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
0.46×
5.09×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APT
APT
EPM
EPM
Q4 25
$318.0K
$5.4M
Q3 25
$3.9M
$7.8M
Q2 25
$2.1M
$10.5M
Q1 25
$-4.0M
$7.3M
Q4 24
$2.4M
$7.7M
Q3 24
$5.3M
$7.6M
Q2 24
$-873.0K
$8.0M
Q1 24
$-1.2M
$3.4M
Free Cash Flow
APT
APT
EPM
EPM
Q4 25
$51.0K
Q3 25
$3.8M
Q2 25
$1.9M
Q1 25
$-4.1M
Q4 24
$970.0K
Q3 24
$3.2M
Q2 24
$-1.0M
Q1 24
$-1.3M
FCF Margin
APT
APT
EPM
EPM
Q4 25
0.4%
Q3 25
25.9%
Q2 25
11.7%
Q1 25
-29.6%
Q4 24
7.0%
Q3 24
22.3%
Q2 24
-6.2%
Q1 24
-9.3%
Capex Intensity
APT
APT
EPM
EPM
Q4 25
1.9%
Q3 25
0.7%
Q2 25
0.8%
Q1 25
1.0%
Q4 24
10.4%
Q3 24
15.1%
Q2 24
0.8%
Q1 24
0.6%
Cash Conversion
APT
APT
EPM
EPM
Q4 25
0.46×
5.09×
Q3 25
4.02×
9.47×
Q2 25
1.68×
3.06×
Q1 25
-6.46×
Q4 24
2.85×
Q3 24
6.18×
3.69×
Q2 24
-0.53×
6.47×
Q1 24
-2.03×
11.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APT
APT

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

EPM
EPM

Crude Oil$10.7M52%
Natural Gas Reserves$7.4M36%
Natural Gas Liquids Reserves$2.5M12%

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