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

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $13.9M, roughly 2.0× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -18.0%, a 23.0% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% 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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

APT vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
2.0× larger
MSS
$27.6M
$13.9M
APT
Growing faster (revenue YoY)
APT
APT
+11.3% gap
APT
0.3%
-10.9%
MSS
Higher net margin
APT
APT
23.0% more per $
APT
5.0%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
1.4%
APT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
APT
APT
MSS
MSS
Revenue
$13.9M
$27.6M
Net Profit
$698.0K
$-5.0M
Gross Margin
37.1%
23.4%
Operating Margin
6.9%
-4.9%
Net Margin
5.0%
-18.0%
Revenue YoY
0.3%
-10.9%
Net Profit YoY
-17.6%
-1840.5%
EPS (diluted)
$0.06
$-0.23

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
MSS
MSS
Q4 25
$13.9M
$27.6M
Q3 25
$14.8M
$27.2M
Q2 25
$16.7M
$34.4M
Q1 25
$13.8M
$32.3M
Q4 24
$13.8M
$29.4M
Q3 24
$14.3M
$28.2M
Q2 24
$16.3M
$16.9M
Q1 24
$13.5M
$13.6M
Net Profit
APT
APT
MSS
MSS
Q4 25
$698.0K
$-5.0M
Q3 25
$976.0K
$-1.5M
Q2 25
$1.2M
$-287.4K
Q1 25
$613.0K
$1.0M
Q4 24
$847.0K
$-256.0K
Q3 24
$862.0K
$700.9K
Q2 24
$1.6M
$-2.8M
Q1 24
$576.0K
$-549.0K
Gross Margin
APT
APT
MSS
MSS
Q4 25
37.1%
23.4%
Q3 25
39.7%
24.1%
Q2 25
36.8%
9.5%
Q1 25
39.0%
21.8%
Q4 24
37.6%
26.9%
Q3 24
38.5%
28.9%
Q2 24
42.0%
13.0%
Q1 24
40.2%
23.4%
Operating Margin
APT
APT
MSS
MSS
Q4 25
6.9%
-4.9%
Q3 25
7.4%
0.7%
Q2 25
8.0%
-15.9%
Q1 25
3.3%
3.7%
Q4 24
4.9%
3.2%
Q3 24
5.2%
7.3%
Q2 24
10.5%
-14.4%
Q1 24
2.4%
-2.3%
Net Margin
APT
APT
MSS
MSS
Q4 25
5.0%
-18.0%
Q3 25
6.6%
-5.7%
Q2 25
7.5%
-0.8%
Q1 25
4.4%
3.1%
Q4 24
6.1%
-0.9%
Q3 24
6.0%
2.5%
Q2 24
10.1%
-16.4%
Q1 24
4.3%
-4.0%
EPS (diluted)
APT
APT
MSS
MSS
Q4 25
$0.06
$-0.23
Q3 25
$0.09
$-0.08
Q2 25
$0.12
$-0.02
Q1 25
$0.06
$0.06
Q4 24
$0.07
$-0.01
Q3 24
$0.08
$0.04
Q2 24
$0.15
$-0.16
Q1 24
$0.05
$-0.03

Balance Sheet & Financial Strength

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

Metric
APT
APT
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$17.0M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$62.5M
$11.6M
Total Assets
$74.1M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APT
APT
MSS
MSS
Q4 25
$17.0M
Q3 25
$17.7M
$1.1M
Q2 25
$14.5M
$775.4K
Q1 25
$13.4M
$445.4K
Q4 24
$18.6M
$355.7K
Q3 24
$18.4M
$588.9K
Q2 24
$16.2M
$2.1M
Q1 24
$18.5M
$9.4M
Total Debt
APT
APT
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
APT
APT
MSS
MSS
Q4 25
$62.5M
$11.6M
Q3 25
$62.5M
$10.1M
Q2 25
$62.2M
$11.7M
Q1 25
$61.7M
$12.0M
Q4 24
$62.2M
$10.9M
Q3 24
$62.1M
$11.2M
Q2 24
$62.0M
$10.5M
Q1 24
$61.6M
$13.3M
Total Assets
APT
APT
MSS
MSS
Q4 25
$74.1M
$75.4M
Q3 25
$73.9M
$73.3M
Q2 25
$73.2M
$77.4M
Q1 25
$72.2M
$82.7M
Q4 24
$73.7M
$82.7M
Q3 24
$73.3M
$82.1M
Q2 24
$72.7M
$82.4M
Q1 24
$72.7M
$44.2M
Debt / Equity
APT
APT
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

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
MSS
MSS
Operating Cash FlowLast quarter
$318.0K
$-1.7M
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.

Operating Cash Flow
APT
APT
MSS
MSS
Q4 25
$318.0K
$-1.7M
Q3 25
$3.9M
$1.1M
Q2 25
$2.1M
$-1.6M
Q1 25
$-4.0M
$1.7M
Q4 24
$2.4M
$1.1M
Q3 24
$5.3M
$3.6M
Q2 24
$-873.0K
$-2.6M
Q1 24
$-1.2M
$-1.4M
Free Cash Flow
APT
APT
MSS
MSS
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
MSS
MSS
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
MSS
MSS
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
MSS
MSS
Q4 25
0.46×
Q3 25
4.02×
Q2 25
1.68×
Q1 25
-6.46×
1.66×
Q4 24
2.85×
Q3 24
6.18×
5.12×
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%

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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