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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $13.9M, roughly 1.5× ALPHA PRO TECH LTD). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 5.0%, a 59.9% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs 0.3%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% 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.

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

APT vs MITT — Head-to-Head

Bigger by revenue
MITT
MITT
1.5× larger
MITT
$20.4M
$13.9M
APT
Growing faster (revenue YoY)
MITT
MITT
+17.3% gap
MITT
17.7%
0.3%
APT
Higher net margin
MITT
MITT
59.9% more per $
MITT
65.0%
5.0%
APT
Faster 2-yr revenue CAGR
MITT
MITT
Annualised
MITT
9.1%
1.4%
APT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APT
APT
MITT
MITT
Revenue
$13.9M
$20.4M
Net Profit
$698.0K
$13.3M
Gross Margin
37.1%
Operating Margin
6.9%
67.1%
Net Margin
5.0%
65.0%
Revenue YoY
0.3%
17.7%
Net Profit YoY
-17.6%
-7.0%
EPS (diluted)
$0.06
$0.27

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
MITT
MITT
Q4 25
$13.9M
$20.4M
Q3 25
$14.8M
$19.5M
Q2 25
$16.7M
$17.8M
Q1 25
$13.8M
$18.8M
Q4 24
$13.8M
$17.4M
Q3 24
$14.3M
$14.9M
Q2 24
$16.3M
$16.4M
Q1 24
$13.5M
$17.2M
Net Profit
APT
APT
MITT
MITT
Q4 25
$698.0K
$13.3M
Q3 25
$976.0K
$20.0M
Q2 25
$1.2M
$3.9M
Q1 25
$613.0K
$11.5M
Q4 24
$847.0K
$14.3M
Q3 24
$862.0K
$16.6M
Q2 24
$1.6M
$3.9M
Q1 24
$576.0K
$20.9M
Gross Margin
APT
APT
MITT
MITT
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%
Operating Margin
APT
APT
MITT
MITT
Q4 25
6.9%
67.1%
Q3 25
7.4%
Q2 25
8.0%
20.9%
Q1 25
3.3%
54.6%
Q4 24
4.9%
76.7%
Q3 24
5.2%
Q2 24
10.5%
18.4%
Q1 24
2.4%
Net Margin
APT
APT
MITT
MITT
Q4 25
5.0%
65.0%
Q3 25
6.6%
102.5%
Q2 25
7.5%
22.2%
Q1 25
4.4%
60.9%
Q4 24
6.1%
82.2%
Q3 24
6.0%
111.3%
Q2 24
10.1%
24.0%
Q1 24
4.3%
121.6%
EPS (diluted)
APT
APT
MITT
MITT
Q4 25
$0.06
$0.27
Q3 25
$0.09
$0.47
Q2 25
$0.12
$-0.05
Q1 25
$0.06
$0.21
Q4 24
$0.07
$0.30
Q3 24
$0.08
$0.40
Q2 24
$0.15
$-0.02
Q1 24
$0.05
$0.55

Balance Sheet & Financial Strength

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

Metric
APT
APT
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$17.0M
$57.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$560.7M
Total Assets
$74.1M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APT
APT
MITT
MITT
Q4 25
$17.0M
$57.8M
Q3 25
$17.7M
$59.0M
Q2 25
$14.5M
$88.7M
Q1 25
$13.4M
$115.5M
Q4 24
$18.6M
$118.7M
Q3 24
$18.4M
$102.5M
Q2 24
$16.2M
$120.9M
Q1 24
$18.5M
$100.3M
Stockholders' Equity
APT
APT
MITT
MITT
Q4 25
$62.5M
$560.7M
Q3 25
$62.5M
$559.8M
Q2 25
$62.2M
$536.4M
Q1 25
$61.7M
$543.9M
Q4 24
$62.2M
$543.4M
Q3 24
$62.1M
$540.1M
Q2 24
$62.0M
$533.5M
Q1 24
$61.6M
$539.6M
Total Assets
APT
APT
MITT
MITT
Q4 25
$74.1M
$8.7B
Q3 25
$73.9M
$9.0B
Q2 25
$73.2M
$7.5B
Q1 25
$72.2M
$7.3B
Q4 24
$73.7M
$6.9B
Q3 24
$73.3M
$7.0B
Q2 24
$72.7M
$7.1B
Q1 24
$72.7M
$6.4B

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
MITT
MITT
Operating Cash FlowLast quarter
$318.0K
$59.6M
Free Cash FlowOCF − Capex
$51.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
0.46×
4.48×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APT
APT
MITT
MITT
Q4 25
$318.0K
$59.6M
Q3 25
$3.9M
$17.4M
Q2 25
$2.1M
$11.5M
Q1 25
$-4.0M
$12.0M
Q4 24
$2.4M
$55.8M
Q3 24
$5.3M
$14.5M
Q2 24
$-873.0K
$13.7M
Q1 24
$-1.2M
$12.0M
Free Cash Flow
APT
APT
MITT
MITT
Q4 25
$51.0K
Q3 25
$3.8M
Q2 25
$1.9M
Q1 25
$-4.1M
Q4 24
$970.0K
Q3 24
$3.2M
Q2 24
$-1.0M
Q1 24
$-1.3M
FCF Margin
APT
APT
MITT
MITT
Q4 25
0.4%
Q3 25
25.9%
Q2 25
11.7%
Q1 25
-29.6%
Q4 24
7.0%
Q3 24
22.3%
Q2 24
-6.2%
Q1 24
-9.3%
Capex Intensity
APT
APT
MITT
MITT
Q4 25
1.9%
Q3 25
0.7%
Q2 25
0.8%
Q1 25
1.0%
Q4 24
10.4%
Q3 24
15.1%
Q2 24
0.8%
Q1 24
0.6%
Cash Conversion
APT
APT
MITT
MITT
Q4 25
0.46×
4.48×
Q3 25
4.02×
0.87×
Q2 25
1.68×
2.92×
Q1 25
-6.46×
1.05×
Q4 24
2.85×
3.91×
Q3 24
6.18×
0.87×
Q2 24
-0.53×
3.50×
Q1 24
-2.03×
0.57×

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%

MITT
MITT

Segment breakdown not available.

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