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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and FRANKLIN WIRELESS CORP (FKWL). Click either name above to swap in a different company.
ALPHA PRO TECH LTD is the larger business by last-quarter revenue ($13.9M vs $11.9M, roughly 1.2× FRANKLIN WIRELESS CORP). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs 4.5%, a 0.6% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -33.1%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-4.1M). Over the past eight quarters, FRANKLIN WIRELESS CORP's revenue compounded faster (39.0% 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.
Viaero Wireless is a regional wireless telecommunications company that provides direct coverage in Nebraska, eastern Colorado, western Kansas, and southeastern Wyoming. Based in Fort Morgan, Colorado, Viaero is often the primary cell tower owner in portions of its coverage area. Through roaming coverage partner relationships, Viaero customers can place and receive calls locally and across the country, internationally, and on cruise ships.
APT vs FKWL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $11.9M |
| Net Profit | $698.0K | $533.6K |
| Gross Margin | 37.1% | 17.1% |
| Operating Margin | 6.9% | 0.4% |
| Net Margin | 5.0% | 4.5% |
| Revenue YoY | 0.3% | -33.1% |
| Net Profit YoY | -17.6% | 133.3% |
| EPS (diluted) | $0.06 | $0.05 |
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 | $11.9M | ||
| Q3 25 | $14.8M | $12.7M | ||
| Q2 25 | $16.7M | $6.9M | ||
| Q1 25 | $13.8M | $8.0M | ||
| Q4 24 | $13.8M | $17.8M | ||
| Q3 24 | $14.3M | $13.3M | ||
| Q2 24 | $16.3M | $6.1M | ||
| Q1 24 | $13.5M | $6.2M |
| Q4 25 | $698.0K | $533.6K | ||
| Q3 25 | $976.0K | $640.5K | ||
| Q2 25 | $1.2M | $-342.2K | ||
| Q1 25 | $613.0K | $-644.8K | ||
| Q4 24 | $847.0K | $228.7K | ||
| Q3 24 | $862.0K | $515.2K | ||
| Q2 24 | $1.6M | $-1.8M | ||
| Q1 24 | $576.0K | $-1.2M |
| Q4 25 | 37.1% | 17.1% | ||
| Q3 25 | 39.7% | 22.8% | ||
| Q2 25 | 36.8% | 18.0% | ||
| Q1 25 | 39.0% | 16.9% | ||
| Q4 24 | 37.6% | 18.2% | ||
| Q3 24 | 38.5% | 15.5% | ||
| Q2 24 | 42.0% | 10.5% | ||
| Q1 24 | 40.2% | 8.4% |
| Q4 25 | 6.9% | 0.4% | ||
| Q3 25 | 7.4% | 4.6% | ||
| Q2 25 | 8.0% | -19.0% | ||
| Q1 25 | 3.3% | -24.6% | ||
| Q4 24 | 4.9% | 4.5% | ||
| Q3 24 | 5.2% | -2.8% | ||
| Q2 24 | 10.5% | -36.7% | ||
| Q1 24 | 2.4% | -25.2% |
| Q4 25 | 5.0% | 4.5% | ||
| Q3 25 | 6.6% | 5.0% | ||
| Q2 25 | 7.5% | -4.9% | ||
| Q1 25 | 4.4% | -8.1% | ||
| Q4 24 | 6.1% | 1.3% | ||
| Q3 24 | 6.0% | 3.9% | ||
| Q2 24 | 10.1% | -28.9% | ||
| Q1 24 | 4.3% | -19.0% |
| Q4 25 | $0.06 | $0.05 | ||
| Q3 25 | $0.09 | $0.05 | ||
| Q2 25 | $0.12 | $-0.03 | ||
| Q1 25 | $0.06 | $-0.05 | ||
| Q4 24 | $0.07 | $0.02 | ||
| Q3 24 | $0.08 | $0.04 | ||
| Q2 24 | $0.15 | $-0.16 | ||
| Q1 24 | $0.05 | $-0.10 |
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 | $24.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $35.1M |
| Total Assets | $74.1M | $53.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $24.3M | ||
| Q3 25 | $17.7M | $25.3M | ||
| Q2 25 | $14.5M | $25.9M | ||
| Q1 25 | $13.4M | $25.3M | ||
| Q4 24 | $18.6M | $21.9M | ||
| Q3 24 | $18.4M | $40.7M | ||
| Q2 24 | $16.2M | $37.5M | ||
| Q1 24 | $18.5M | $31.7M |
| Q4 25 | $62.5M | $35.1M | ||
| Q3 25 | $62.5M | $35.1M | ||
| Q2 25 | $62.2M | $34.5M | ||
| Q1 25 | $61.7M | $35.3M | ||
| Q4 24 | $62.2M | $36.0M | ||
| Q3 24 | $62.1M | $35.8M | ||
| Q2 24 | $62.0M | $35.1M | ||
| Q1 24 | $61.6M | $36.9M |
| Q4 25 | $74.1M | $53.0M | ||
| Q3 25 | $73.9M | $53.3M | ||
| Q2 25 | $73.2M | $51.3M | ||
| Q1 25 | $72.2M | $49.7M | ||
| Q4 24 | $73.7M | $54.5M | ||
| Q3 24 | $73.3M | $51.6M | ||
| Q2 24 | $72.7M | $46.7M | ||
| Q1 24 | $72.7M | $50.0M |
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 | $-4.1M |
| Free Cash FlowOCF − Capex | $51.0K | $-4.1M |
| FCF MarginFCF / Revenue | 0.4% | -34.3% |
| Capex IntensityCapex / Revenue | 1.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.46× | -7.66× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-9.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-4.1M | ||
| Q3 25 | $3.9M | $-1.5M | ||
| Q2 25 | $2.1M | $2.3M | ||
| Q1 25 | $-4.0M | $-5.9M | ||
| Q4 24 | $2.4M | $2.7M | ||
| Q3 24 | $5.3M | $2.7M | ||
| Q2 24 | $-873.0K | $6.2M | ||
| Q1 24 | $-1.2M | $-779.0K |
| Q4 25 | $51.0K | $-4.1M | ||
| Q3 25 | $3.8M | $-1.5M | ||
| Q2 25 | $1.9M | $2.3M | ||
| Q1 25 | $-4.1M | $-5.9M | ||
| Q4 24 | $970.0K | $2.7M | ||
| Q3 24 | $3.2M | $2.6M | ||
| Q2 24 | $-1.0M | $6.2M | ||
| Q1 24 | $-1.3M | $-816.0K |
| Q4 25 | 0.4% | -34.3% | ||
| Q3 25 | 25.9% | -11.7% | ||
| Q2 25 | 11.7% | 33.6% | ||
| Q1 25 | -29.6% | -73.7% | ||
| Q4 24 | 7.0% | 15.4% | ||
| Q3 24 | 22.3% | 19.9% | ||
| Q2 24 | -6.2% | 101.3% | ||
| Q1 24 | -9.3% | -13.2% |
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 10.4% | 0.0% | ||
| Q3 24 | 15.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.0% | ||
| Q1 24 | 0.6% | 0.6% |
| Q4 25 | 0.46× | -7.66× | ||
| Q3 25 | 4.02× | -2.32× | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | -6.46× | — | ||
| Q4 24 | 2.85× | 11.99× | ||
| Q3 24 | 6.18× | 5.18× | ||
| 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% |
FKWL
Segment breakdown not available.
