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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Genasys Inc. (GNSS). Click either name above to swap in a different company.

Genasys Inc. is the larger business by last-quarter revenue ($17.1M vs $13.9M, roughly 1.2× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -4.8%, a 9.8% gap on every dollar of revenue. On growth, Genasys Inc. posted the faster year-over-year revenue change (145.9% vs 0.3%). Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% 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.

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

APT vs GNSS — Head-to-Head

Bigger by revenue
GNSS
GNSS
1.2× larger
GNSS
$17.1M
$13.9M
APT
Growing faster (revenue YoY)
GNSS
GNSS
+145.6% gap
GNSS
145.9%
0.3%
APT
Higher net margin
APT
APT
9.8% more per $
APT
5.0%
-4.8%
GNSS
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
1.4%
APT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APT
APT
GNSS
GNSS
Revenue
$13.9M
$17.1M
Net Profit
$698.0K
$-817.0K
Gross Margin
37.1%
48.0%
Operating Margin
6.9%
-2.1%
Net Margin
5.0%
-4.8%
Revenue YoY
0.3%
145.9%
Net Profit YoY
-17.6%
80.0%
EPS (diluted)
$0.06
$-0.02

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
GNSS
GNSS
Q4 25
$13.9M
$17.1M
Q3 25
$14.8M
$17.0M
Q2 25
$16.7M
$9.9M
Q1 25
$13.8M
$6.9M
Q4 24
$13.8M
$6.9M
Q3 24
$14.3M
$6.7M
Q2 24
$16.3M
$7.2M
Q1 24
$13.5M
$5.7M
Net Profit
APT
APT
GNSS
GNSS
Q4 25
$698.0K
$-817.0K
Q3 25
$976.0K
$-1.4M
Q2 25
$1.2M
$-6.5M
Q1 25
$613.0K
$-6.1M
Q4 24
$847.0K
$-4.1M
Q3 24
$862.0K
$-11.4M
Q2 24
$1.6M
$-6.7M
Q1 24
$576.0K
$-6.9M
Gross Margin
APT
APT
GNSS
GNSS
Q4 25
37.1%
48.0%
Q3 25
39.7%
50.3%
Q2 25
36.8%
26.3%
Q1 25
39.0%
37.7%
Q4 24
37.6%
45.8%
Q3 24
38.5%
40.8%
Q2 24
42.0%
52.8%
Q1 24
40.2%
37.9%
Operating Margin
APT
APT
GNSS
GNSS
Q4 25
6.9%
-2.1%
Q3 25
7.4%
7.7%
Q2 25
8.0%
-60.1%
Q1 25
3.3%
-90.2%
Q4 24
4.9%
-85.6%
Q3 24
5.2%
-105.8%
Q2 24
10.5%
-74.8%
Q1 24
2.4%
-121.9%
Net Margin
APT
APT
GNSS
GNSS
Q4 25
5.0%
-4.8%
Q3 25
6.6%
-8.3%
Q2 25
7.5%
-65.8%
Q1 25
4.4%
-88.6%
Q4 24
6.1%
-58.8%
Q3 24
6.0%
-168.9%
Q2 24
10.1%
-93.2%
Q1 24
4.3%
-120.9%
EPS (diluted)
APT
APT
GNSS
GNSS
Q4 25
$0.06
$-0.02
Q3 25
$0.09
$-0.03
Q2 25
$0.12
$-0.14
Q1 25
$0.06
$-0.14
Q4 24
$0.07
$-0.09
Q3 24
$0.08
$-0.26
Q2 24
$0.15
$-0.15
Q1 24
$0.05
$-0.16

Balance Sheet & Financial Strength

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

Metric
APT
APT
GNSS
GNSS
Cash + ST InvestmentsLiquidity on hand
$17.0M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$1.8M
Total Assets
$74.1M
$67.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APT
APT
GNSS
GNSS
Q4 25
$17.0M
$10.3M
Q3 25
$17.7M
$8.0M
Q2 25
$14.5M
$5.5M
Q1 25
$13.4M
$7.1M
Q4 24
$18.6M
$13.6M
Q3 24
$18.4M
$12.9M
Q2 24
$16.2M
$12.7M
Q1 24
$18.5M
$6.6M
Stockholders' Equity
APT
APT
GNSS
GNSS
Q4 25
$62.5M
$1.8M
Q3 25
$62.5M
$2.2M
Q2 25
$62.2M
$3.2M
Q1 25
$61.7M
$8.1M
Q4 24
$62.2M
$13.7M
Q3 24
$62.1M
$17.6M
Q2 24
$62.0M
$28.5M
Q1 24
$61.6M
$34.9M
Total Assets
APT
APT
GNSS
GNSS
Q4 25
$74.1M
$67.6M
Q3 25
$73.9M
$63.9M
Q2 25
$73.2M
$57.4M
Q1 25
$72.2M
$49.7M
Q4 24
$73.7M
$54.6M
Q3 24
$73.3M
$53.9M
Q2 24
$72.7M
$59.4M
Q1 24
$72.7M
$51.0M

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
GNSS
GNSS
Operating Cash FlowLast quarter
$318.0K
$7.2M
Free Cash FlowOCF − Capex
$51.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
1.9%
0.0%
Cash ConversionOCF / Net Profit
0.46×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APT
APT
GNSS
GNSS
Q4 25
$318.0K
$7.2M
Q3 25
$3.9M
$2.5M
Q2 25
$2.1M
$-5.9M
Q1 25
$-4.0M
$-6.3M
Q4 24
$2.4M
$947.0K
Q3 24
$5.3M
$556.0K
Q2 24
$-873.0K
$-7.5M
Q1 24
$-1.2M
$-6.8M
Free Cash Flow
APT
APT
GNSS
GNSS
Q4 25
$51.0K
Q3 25
$3.8M
$2.5M
Q2 25
$1.9M
$-5.9M
Q1 25
$-4.1M
$-6.5M
Q4 24
$970.0K
$878.0K
Q3 24
$3.2M
$526.0K
Q2 24
$-1.0M
$-7.5M
Q1 24
$-1.3M
$-6.8M
FCF Margin
APT
APT
GNSS
GNSS
Q4 25
0.4%
Q3 25
25.9%
14.5%
Q2 25
11.7%
-59.9%
Q1 25
-29.6%
-93.4%
Q4 24
7.0%
12.7%
Q3 24
22.3%
7.8%
Q2 24
-6.2%
-105.0%
Q1 24
-9.3%
-118.1%
Capex Intensity
APT
APT
GNSS
GNSS
Q4 25
1.9%
0.0%
Q3 25
0.7%
0.2%
Q2 25
0.8%
0.1%
Q1 25
1.0%
2.2%
Q4 24
10.4%
1.0%
Q3 24
15.1%
0.4%
Q2 24
0.8%
0.1%
Q1 24
0.6%
0.2%
Cash Conversion
APT
APT
GNSS
GNSS
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
APT

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

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

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