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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.
John Marshall Bancorp, Inc. is the larger business by last-quarter revenue ($16.8M vs $13.9M, roughly 1.2× ALPHA PRO TECH LTD). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs 5.0%, a 31.3% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% 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.
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
APT vs JMSB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $16.8M |
| Net Profit | $698.0K | $6.1M |
| Gross Margin | 37.1% | — |
| Operating Margin | 6.9% | — |
| Net Margin | 5.0% | 36.3% |
| Revenue YoY | 0.3% | — |
| Net Profit YoY | -17.6% | 26.8% |
| EPS (diluted) | $0.06 | $0.43 |
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.
| Q1 26 | — | $16.8M | ||
| Q4 25 | $13.9M | $16.4M | ||
| Q3 25 | $14.8M | $16.3M | ||
| Q2 25 | $16.7M | $15.4M | ||
| Q1 25 | $13.8M | $14.6M | ||
| Q4 24 | $13.8M | $14.3M | ||
| Q3 24 | $14.3M | $13.8M | ||
| Q2 24 | $16.3M | $12.6M |
| Q1 26 | — | $6.1M | ||
| Q4 25 | $698.0K | $5.9M | ||
| Q3 25 | $976.0K | $5.4M | ||
| Q2 25 | $1.2M | $5.1M | ||
| Q1 25 | $613.0K | $4.8M | ||
| Q4 24 | $847.0K | $4.8M | ||
| Q3 24 | $862.0K | $4.2M | ||
| Q2 24 | $1.6M | $3.9M |
| Q1 26 | — | — | ||
| Q4 25 | 37.1% | — | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 36.8% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 38.5% | — | ||
| Q2 24 | 42.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 47.4% | ||
| Q3 25 | 7.4% | 42.2% | ||
| Q2 25 | 8.0% | 42.7% | ||
| Q1 25 | 3.3% | 42.4% | ||
| Q4 24 | 4.9% | 42.5% | ||
| Q3 24 | 5.2% | 38.8% | ||
| Q2 24 | 10.5% | 39.7% |
| Q1 26 | — | 36.3% | ||
| Q4 25 | 5.0% | 36.2% | ||
| Q3 25 | 6.6% | 33.2% | ||
| Q2 25 | 7.5% | 33.1% | ||
| Q1 25 | 4.4% | 32.9% | ||
| Q4 24 | 6.1% | 33.3% | ||
| Q3 24 | 6.0% | 30.7% | ||
| Q2 24 | 10.1% | 30.9% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | $0.06 | $0.41 | ||
| Q3 25 | $0.09 | $0.38 | ||
| Q2 25 | $0.12 | $0.36 | ||
| Q1 25 | $0.06 | $0.34 | ||
| Q4 24 | $0.07 | $0.33 | ||
| Q3 24 | $0.08 | $0.30 | ||
| Q2 24 | $0.15 | $0.27 |
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 | $150.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $268.1M |
| Total Assets | $74.1M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.2M | ||
| Q4 25 | $17.0M | $130.0M | ||
| Q3 25 | $17.7M | $163.6M | ||
| Q2 25 | $14.5M | $116.9M | ||
| Q1 25 | $13.4M | $169.1M | ||
| Q4 24 | $18.6M | $122.5M | ||
| Q3 24 | $18.4M | $177.2M | ||
| Q2 24 | $16.2M | $182.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $80.9M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $80.8M | ||
| Q1 25 | — | $80.8M | ||
| Q4 24 | — | $80.8M | ||
| Q3 24 | — | $80.8M | ||
| Q2 24 | — | $24.7M |
| Q1 26 | — | $268.1M | ||
| Q4 25 | $62.5M | $265.6M | ||
| Q3 25 | $62.5M | $259.7M | ||
| Q2 25 | $62.2M | $253.7M | ||
| Q1 25 | $61.7M | $253.0M | ||
| Q4 24 | $62.2M | $246.6M | ||
| Q3 24 | $62.1M | $243.1M | ||
| Q2 24 | $62.0M | $235.3M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $74.1M | $2.3B | ||
| Q3 25 | $73.9M | $2.3B | ||
| Q2 25 | $73.2M | $2.3B | ||
| Q1 25 | $72.2M | $2.3B | ||
| Q4 24 | $73.7M | $2.2B | ||
| Q3 24 | $73.3M | $2.3B | ||
| Q2 24 | $72.7M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 0.11× |
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 | — |
| Free Cash FlowOCF − Capex | $51.0K | — |
| FCF MarginFCF / Revenue | 0.4% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $318.0K | $22.6M | ||
| Q3 25 | $3.9M | $1.2M | ||
| Q2 25 | $2.1M | $7.5M | ||
| Q1 25 | $-4.0M | $7.0M | ||
| Q4 24 | $2.4M | $17.3M | ||
| Q3 24 | $5.3M | $1.4M | ||
| Q2 24 | $-873.0K | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $51.0K | $22.0M | ||
| Q3 25 | $3.8M | $1.2M | ||
| Q2 25 | $1.9M | $7.4M | ||
| Q1 25 | $-4.1M | $6.6M | ||
| Q4 24 | $970.0K | $16.8M | ||
| Q3 24 | $3.2M | $1.3M | ||
| Q2 24 | $-1.0M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 134.7% | ||
| Q3 25 | 25.9% | 7.3% | ||
| Q2 25 | 11.7% | 47.8% | ||
| Q1 25 | -29.6% | 45.3% | ||
| Q4 24 | 7.0% | 116.9% | ||
| Q3 24 | 22.3% | 9.5% | ||
| Q2 24 | -6.2% | 80.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 3.4% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 1.0% | 2.3% | ||
| Q4 24 | 10.4% | 3.4% | ||
| Q3 24 | 15.1% | 0.8% | ||
| Q2 24 | 0.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.46× | 3.82× | ||
| Q3 25 | 4.02× | 0.23× | ||
| Q2 25 | 1.68× | 1.48× | ||
| Q1 25 | -6.46× | 1.45× | ||
| Q4 24 | 2.85× | 3.61× | ||
| Q3 24 | 6.18× | 0.33× | ||
| Q2 24 | -0.53× | 2.60× |
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% |
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
