vs
Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $13.9M, roughly 1.2× ALPHA PRO TECH LTD). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs 5.0%, a 5.5% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs 0.3%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-1.1M). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% 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.
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
APT vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $17.1M |
| Net Profit | $698.0K | $1.8M |
| Gross Margin | 37.1% | 38.2% |
| Operating Margin | 6.9% | 10.0% |
| Net Margin | 5.0% | 10.5% |
| Revenue YoY | 0.3% | 8.3% |
| Net Profit YoY | -17.6% | -32.1% |
| EPS (diluted) | $0.06 | $0.18 |
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 | $17.1M | ||
| Q3 25 | $14.8M | $13.8M | ||
| Q2 25 | $16.7M | $20.0M | ||
| Q1 25 | $13.8M | $18.9M | ||
| Q4 24 | $13.8M | $15.8M | ||
| Q3 24 | $14.3M | $15.1M | ||
| Q2 24 | $16.3M | $15.6M | ||
| Q1 24 | $13.5M | $13.7M |
| Q4 25 | $698.0K | $1.8M | ||
| Q3 25 | $976.0K | $634.0K | ||
| Q2 25 | $1.2M | $3.2M | ||
| Q1 25 | $613.0K | $15.4M | ||
| Q4 24 | $847.0K | $2.7M | ||
| Q3 24 | $862.0K | $2.4M | ||
| Q2 24 | $1.6M | $2.6M | ||
| Q1 24 | $576.0K | $130.0K |
| Q4 25 | 37.1% | 38.2% | ||
| Q3 25 | 39.7% | 36.8% | ||
| Q2 25 | 36.8% | 37.5% | ||
| Q1 25 | 39.0% | 43.8% | ||
| Q4 24 | 37.6% | 48.2% | ||
| Q3 24 | 38.5% | 44.4% | ||
| Q2 24 | 42.0% | 40.3% | ||
| Q1 24 | 40.2% | 22.6% |
| Q4 25 | 6.9% | 10.0% | ||
| Q3 25 | 7.4% | 2.6% | ||
| Q2 25 | 8.0% | 16.4% | ||
| Q1 25 | 3.3% | 18.3% | ||
| Q4 24 | 4.9% | 16.5% | ||
| Q3 24 | 5.2% | 15.7% | ||
| Q2 24 | 10.5% | 16.0% | ||
| Q1 24 | 2.4% | -3.4% |
| Q4 25 | 5.0% | 10.5% | ||
| Q3 25 | 6.6% | 4.6% | ||
| Q2 25 | 7.5% | 16.0% | ||
| Q1 25 | 4.4% | 81.4% | ||
| Q4 24 | 6.1% | 16.8% | ||
| Q3 24 | 6.0% | 16.1% | ||
| Q2 24 | 10.1% | 16.9% | ||
| Q1 24 | 4.3% | 0.9% |
| Q4 25 | $0.06 | $0.18 | ||
| Q3 25 | $0.09 | $0.07 | ||
| Q2 25 | $0.12 | $0.33 | ||
| Q1 25 | $0.06 | $1.60 | ||
| Q4 24 | $0.07 | $0.28 | ||
| Q3 24 | $0.08 | $0.25 | ||
| Q2 24 | $0.15 | $0.28 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $17.0M | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $58.5M |
| Total Assets | $74.1M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $3.0M | ||
| Q3 25 | $17.7M | $4.5M | ||
| Q2 25 | $14.5M | $4.7M | ||
| Q1 25 | $13.4M | $5.5M | ||
| Q4 24 | $18.6M | $9.7M | ||
| Q3 24 | $18.4M | $16.2M | ||
| Q2 24 | $16.2M | $18.3M | ||
| Q1 24 | $18.5M | $11.7M |
| Q4 25 | $62.5M | $58.5M | ||
| Q3 25 | $62.5M | $56.3M | ||
| Q2 25 | $62.2M | $55.6M | ||
| Q1 25 | $61.7M | $51.8M | ||
| Q4 24 | $62.2M | $36.2M | ||
| Q3 24 | $62.1M | $33.2M | ||
| Q2 24 | $62.0M | $39.8M | ||
| Q1 24 | $61.6M | $36.7M |
| Q4 25 | $74.1M | $92.3M | ||
| Q3 25 | $73.9M | $93.2M | ||
| Q2 25 | $73.2M | $93.7M | ||
| Q1 25 | $72.2M | $86.4M | ||
| Q4 24 | $73.7M | $77.8M | ||
| Q3 24 | $73.3M | $84.3M | ||
| Q2 24 | $72.7M | $83.3M | ||
| Q1 24 | $72.7M | $77.7M |
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 | $-523.0K |
| Free Cash FlowOCF − Capex | $51.0K | $-1.1M |
| FCF MarginFCF / Revenue | 0.4% | -6.6% |
| Capex IntensityCapex / Revenue | 1.9% | 3.6% |
| Cash ConversionOCF / Net Profit | 0.46× | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-523.0K | ||
| Q3 25 | $3.9M | $1.2M | ||
| Q2 25 | $2.1M | $-155.0K | ||
| Q1 25 | $-4.0M | $-3.6M | ||
| Q4 24 | $2.4M | $3.8M | ||
| Q3 24 | $5.3M | $-1.5M | ||
| Q2 24 | $-873.0K | $7.5M | ||
| Q1 24 | $-1.2M | $4.2M |
| Q4 25 | $51.0K | $-1.1M | ||
| Q3 25 | $3.8M | $385.0K | ||
| Q2 25 | $1.9M | $-786.0K | ||
| Q1 25 | $-4.1M | $-4.0M | ||
| Q4 24 | $970.0K | $3.3M | ||
| Q3 24 | $3.2M | $-1.8M | ||
| Q2 24 | $-1.0M | $6.7M | ||
| Q1 24 | $-1.3M | $3.9M |
| Q4 25 | 0.4% | -6.6% | ||
| Q3 25 | 25.9% | 2.8% | ||
| Q2 25 | 11.7% | -3.9% | ||
| Q1 25 | -29.6% | -20.9% | ||
| Q4 24 | 7.0% | 20.8% | ||
| Q3 24 | 22.3% | -11.8% | ||
| Q2 24 | -6.2% | 42.8% | ||
| Q1 24 | -9.3% | 28.4% |
| Q4 25 | 1.9% | 3.6% | ||
| Q3 25 | 0.7% | 5.6% | ||
| Q2 25 | 0.8% | 3.2% | ||
| Q1 25 | 1.0% | 1.7% | ||
| Q4 24 | 10.4% | 3.3% | ||
| Q3 24 | 15.1% | 2.2% | ||
| Q2 24 | 0.8% | 5.3% | ||
| Q1 24 | 0.6% | 2.3% |
| Q4 25 | 0.46× | -0.29× | ||
| Q3 25 | 4.02× | 1.83× | ||
| Q2 25 | 1.68× | -0.05× | ||
| Q1 25 | -6.46× | -0.24× | ||
| Q4 24 | 2.85× | 1.44× | ||
| Q3 24 | 6.18× | -0.60× | ||
| Q2 24 | -0.53× | 2.85× | ||
| Q1 24 | -2.03× | 32.36× |
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% |
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
