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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Inogen Inc (INGN). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $13.9M, roughly 4.9× ALPHA PRO TECH LTD). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs 0.3%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% 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.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
APT vs INGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $68.6M |
| Net Profit | $698.0K | — |
| Gross Margin | 37.1% | 51.4% |
| Operating Margin | 6.9% | -13.6% |
| Net Margin | 5.0% | — |
| Revenue YoY | 0.3% | 3.4% |
| Net Profit YoY | -17.6% | — |
| EPS (diluted) | $0.06 | $-0.26 |
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 | $68.6M | ||
| Q3 25 | $14.8M | $79.1M | ||
| Q2 25 | $16.7M | $79.2M | ||
| Q1 25 | $13.8M | $68.5M | ||
| Q4 24 | $13.8M | $66.3M | ||
| Q3 24 | $14.3M | $74.9M | ||
| Q2 24 | $16.3M | $74.4M | ||
| Q1 24 | $13.5M | $63.1M |
| Q4 25 | $698.0K | — | ||
| Q3 25 | $976.0K | $-5.3M | ||
| Q2 25 | $1.2M | $-4.2M | ||
| Q1 25 | $613.0K | $-6.2M | ||
| Q4 24 | $847.0K | — | ||
| Q3 24 | $862.0K | $-6.0M | ||
| Q2 24 | $1.6M | $-5.6M | ||
| Q1 24 | $576.0K | $-14.6M |
| Q4 25 | 37.1% | 51.4% | ||
| Q3 25 | 39.7% | 52.2% | ||
| Q2 25 | 36.8% | 52.2% | ||
| Q1 25 | 39.0% | 53.1% | ||
| Q4 24 | 37.6% | 54.7% | ||
| Q3 24 | 38.5% | 55.2% | ||
| Q2 24 | 42.0% | 57.4% | ||
| Q1 24 | 40.2% | 54.5% |
| Q4 25 | 6.9% | -13.6% | ||
| Q3 25 | 7.4% | -9.0% | ||
| Q2 25 | 8.0% | -7.7% | ||
| Q1 25 | 3.3% | -11.2% | ||
| Q4 24 | 4.9% | -17.2% | ||
| Q3 24 | 5.2% | -10.4% | ||
| Q2 24 | 10.5% | -9.5% | ||
| Q1 24 | 2.4% | -25.8% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 6.6% | -6.7% | ||
| Q2 25 | 7.5% | -5.2% | ||
| Q1 25 | 4.4% | -9.0% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 6.0% | -8.0% | ||
| Q2 24 | 10.1% | -7.5% | ||
| Q1 24 | 4.3% | -23.1% |
| Q4 25 | $0.06 | $-0.26 | ||
| Q3 25 | $0.09 | $-0.20 | ||
| Q2 25 | $0.12 | $-0.15 | ||
| Q1 25 | $0.06 | $-0.25 | ||
| Q4 24 | $0.07 | $-0.41 | ||
| Q3 24 | $0.08 | $-0.25 | ||
| Q2 24 | $0.15 | $-0.24 | ||
| Q1 24 | $0.05 | $-0.62 |
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 | $103.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $192.2M |
| Total Assets | $74.1M | $298.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $103.7M | ||
| Q3 25 | $17.7M | $106.5M | ||
| Q2 25 | $14.5M | $103.7M | ||
| Q1 25 | $13.4M | $118.9M | ||
| Q4 24 | $18.6M | $113.8M | ||
| Q3 24 | $18.4M | $105.7M | ||
| Q2 24 | $16.2M | $97.9M | ||
| Q1 24 | $18.5M | $107.4M |
| Q4 25 | $62.5M | $192.2M | ||
| Q3 25 | $62.5M | $197.2M | ||
| Q2 25 | $62.2M | $199.5M | ||
| Q1 25 | $61.7M | $198.0M | ||
| Q4 24 | $62.2M | $173.9M | ||
| Q3 24 | $62.1M | $185.4M | ||
| Q2 24 | $62.0M | $187.6M | ||
| Q1 24 | $61.6M | $191.9M |
| Q4 25 | $74.1M | $298.6M | ||
| Q3 25 | $73.9M | $307.0M | ||
| Q2 25 | $73.2M | $312.0M | ||
| Q1 25 | $72.2M | $308.4M | ||
| Q4 24 | $73.7M | $296.2M | ||
| Q3 24 | $73.3M | $306.2M | ||
| Q2 24 | $72.7M | $308.9M | ||
| Q1 24 | $72.7M | $315.6M |
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 | $-943.0K |
| Free Cash FlowOCF − Capex | $51.0K | $-1.9M |
| FCF MarginFCF / Revenue | 0.4% | -2.8% |
| Capex IntensityCapex / Revenue | 1.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-943.0K | ||
| Q3 25 | $3.9M | $2.2M | ||
| Q2 25 | $2.1M | $4.3M | ||
| Q1 25 | $-4.0M | $-16.8M | ||
| Q4 24 | $2.4M | $-3.0M | ||
| Q3 24 | $5.3M | $7.0M | ||
| Q2 24 | $-873.0K | $6.7M | ||
| Q1 24 | $-1.2M | $-4.7M |
| Q4 25 | $51.0K | $-1.9M | ||
| Q3 25 | $3.8M | $1.6M | ||
| Q2 25 | $1.9M | $3.7M | ||
| Q1 25 | $-4.1M | $-17.1M | ||
| Q4 24 | $970.0K | $-3.3M | ||
| Q3 24 | $3.2M | $5.3M | ||
| Q2 24 | $-1.0M | $6.6M | ||
| Q1 24 | $-1.3M | $-6.1M |
| Q4 25 | 0.4% | -2.8% | ||
| Q3 25 | 25.9% | 2.0% | ||
| Q2 25 | 11.7% | 4.6% | ||
| Q1 25 | -29.6% | -24.9% | ||
| Q4 24 | 7.0% | -5.0% | ||
| Q3 24 | 22.3% | 7.1% | ||
| Q2 24 | -6.2% | 8.9% | ||
| Q1 24 | -9.3% | -9.6% |
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 10.4% | 0.5% | ||
| Q3 24 | 15.1% | 2.2% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | 0.6% | 2.1% |
| 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% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
