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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and LCNB CORP (LCNB). Click either name above to swap in a different company.
LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $13.9M, roughly 1.7× ALPHA PRO TECH LTD). LCNB CORP runs the higher net margin — 23.7% vs 5.0%, a 18.7% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs 0.3%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $51.0K). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% 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.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
APT vs LCNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $23.9M |
| Net Profit | $698.0K | $5.7M |
| Gross Margin | 37.1% | — |
| Operating Margin | 6.9% | 29.2% |
| Net Margin | 5.0% | 23.7% |
| Revenue YoY | 0.3% | 5.1% |
| Net Profit YoY | -17.6% | -7.6% |
| EPS (diluted) | $0.06 | $0.40 |
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 | $23.9M | ||
| Q3 25 | $14.8M | $23.8M | ||
| Q2 25 | $16.7M | $22.8M | ||
| Q1 25 | $13.8M | $21.5M | ||
| Q4 24 | $13.8M | $22.7M | ||
| Q3 24 | $14.3M | $21.4M | ||
| Q2 24 | $16.3M | $19.3M | ||
| Q1 24 | $13.5M | $17.8M |
| Q4 25 | $698.0K | $5.7M | ||
| Q3 25 | $976.0K | $6.9M | ||
| Q2 25 | $1.2M | $5.9M | ||
| Q1 25 | $613.0K | $4.6M | ||
| Q4 24 | $847.0K | $6.1M | ||
| Q3 24 | $862.0K | $4.5M | ||
| Q2 24 | $1.6M | $925.0K | ||
| Q1 24 | $576.0K | $1.9M |
| 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 24 | 40.2% | — |
| Q4 25 | 6.9% | 29.2% | ||
| Q3 25 | 7.4% | 35.6% | ||
| Q2 25 | 8.0% | 31.6% | ||
| Q1 25 | 3.3% | 25.6% | ||
| Q4 24 | 4.9% | 32.9% | ||
| Q3 24 | 5.2% | 24.9% | ||
| Q2 24 | 10.5% | 4.9% | ||
| Q1 24 | 2.4% | 12.5% |
| Q4 25 | 5.0% | 23.7% | ||
| Q3 25 | 6.6% | 29.1% | ||
| Q2 25 | 7.5% | 26.0% | ||
| Q1 25 | 4.4% | 21.4% | ||
| Q4 24 | 6.1% | 27.0% | ||
| Q3 24 | 6.0% | 21.2% | ||
| Q2 24 | 10.1% | 4.8% | ||
| Q1 24 | 4.3% | 10.7% |
| Q4 25 | $0.06 | $0.40 | ||
| Q3 25 | $0.09 | $0.49 | ||
| Q2 25 | $0.12 | $0.41 | ||
| Q1 25 | $0.06 | $0.33 | ||
| Q4 24 | $0.07 | $0.44 | ||
| Q3 24 | $0.08 | $0.31 | ||
| Q2 24 | $0.15 | $0.07 | ||
| Q1 24 | $0.05 | $0.15 |
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 | $21.6M |
| Total DebtLower is stronger | — | $104.4M |
| Stockholders' EquityBook value | $62.5M | $273.9M |
| Total Assets | $74.1M | $2.2B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $21.6M | ||
| Q3 25 | $17.7M | $35.9M | ||
| Q2 25 | $14.5M | $49.8M | ||
| Q1 25 | $13.4M | $37.7M | ||
| Q4 24 | $18.6M | $35.7M | ||
| Q3 24 | $18.4M | $39.4M | ||
| Q2 24 | $16.2M | $34.9M | ||
| Q1 24 | $18.5M | $33.0M |
| Q4 25 | — | $104.4M | ||
| Q3 25 | — | $104.7M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $155.2M | ||
| Q3 24 | — | $155.7M | ||
| Q2 24 | — | $162.2M | ||
| Q1 24 | — | $162.6M |
| Q4 25 | $62.5M | $273.9M | ||
| Q3 25 | $62.5M | $269.9M | ||
| Q2 25 | $62.2M | $263.5M | ||
| Q1 25 | $61.7M | $258.7M | ||
| Q4 24 | $62.2M | $253.0M | ||
| Q3 24 | $62.1M | $253.2M | ||
| Q2 24 | $62.0M | $245.2M | ||
| Q1 24 | $61.6M | $233.7M |
| Q4 25 | $74.1M | $2.2B | ||
| Q3 25 | $73.9M | $2.2B | ||
| Q2 25 | $73.2M | $2.3B | ||
| Q1 25 | $72.2M | $2.3B | ||
| Q4 24 | $73.7M | $2.3B | ||
| Q3 24 | $73.3M | $2.3B | ||
| Q2 24 | $72.7M | $2.4B | ||
| Q1 24 | $72.7M | $2.3B |
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.70× |
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 | $34.4M |
| Free Cash FlowOCF − Capex | $51.0K | $33.4M |
| FCF MarginFCF / Revenue | 0.4% | 140.2% |
| Capex IntensityCapex / Revenue | 1.9% | 4.0% |
| Cash ConversionOCF / Net Profit | 0.46× | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $34.4M | ||
| Q3 25 | $3.9M | $14.0M | ||
| Q2 25 | $2.1M | $5.5M | ||
| Q1 25 | $-4.0M | $2.2M | ||
| Q4 24 | $2.4M | $93.2M | ||
| Q3 24 | $5.3M | $11.9M | ||
| Q2 24 | $-873.0K | $54.9M | ||
| Q1 24 | $-1.2M | $-11.9M |
| Q4 25 | $51.0K | $33.4M | ||
| Q3 25 | $3.8M | $13.7M | ||
| Q2 25 | $1.9M | $5.2M | ||
| Q1 25 | $-4.1M | $2.1M | ||
| Q4 24 | $970.0K | $89.4M | ||
| Q3 24 | $3.2M | $10.5M | ||
| Q2 24 | $-1.0M | $53.8M | ||
| Q1 24 | $-1.3M | $-12.8M |
| Q4 25 | 0.4% | 140.2% | ||
| Q3 25 | 25.9% | 57.4% | ||
| Q2 25 | 11.7% | 23.0% | ||
| Q1 25 | -29.6% | 10.0% | ||
| Q4 24 | 7.0% | 394.0% | ||
| Q3 24 | 22.3% | 49.0% | ||
| Q2 24 | -6.2% | 278.6% | ||
| Q1 24 | -9.3% | -71.8% |
| Q4 25 | 1.9% | 4.0% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 1.0% | 0.3% | ||
| Q4 24 | 10.4% | 16.7% | ||
| Q3 24 | 15.1% | 6.7% | ||
| Q2 24 | 0.8% | 5.9% | ||
| Q1 24 | 0.6% | 4.8% |
| Q4 25 | 0.46× | 6.08× | ||
| Q3 25 | 4.02× | 2.02× | ||
| Q2 25 | 1.68× | 0.92× | ||
| Q1 25 | -6.46× | 0.48× | ||
| Q4 24 | 2.85× | 15.23× | ||
| Q3 24 | 6.18× | 2.63× | ||
| Q2 24 | -0.53× | 59.35× | ||
| Q1 24 | -2.03× | -6.24× |
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% |
LCNB
Segment breakdown not available.
