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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $13.9M, roughly 1.7× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -677.3%, a 682.4% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs 0.3%). Over the past eight quarters, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue compounded faster (8.9% 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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

APT vs NEN — Head-to-Head

Bigger by revenue
NEN
NEN
1.7× larger
NEN
$23.6M
$13.9M
APT
Growing faster (revenue YoY)
NEN
NEN
+15.4% gap
NEN
15.7%
0.3%
APT
Higher net margin
APT
APT
682.4% more per $
APT
5.0%
-677.3%
NEN
Faster 2-yr revenue CAGR
NEN
NEN
Annualised
NEN
8.9%
1.4%
APT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APT
APT
NEN
NEN
Revenue
$13.9M
$23.6M
Net Profit
$698.0K
$-1.4M
Gross Margin
37.1%
Operating Margin
6.9%
14.0%
Net Margin
5.0%
-677.3%
Revenue YoY
0.3%
15.7%
Net Profit YoY
-17.6%
-133.0%
EPS (diluted)
$0.06

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
NEN
NEN
Q4 25
$13.9M
$23.6M
Q3 25
$14.8M
$23.7M
Q2 25
$16.7M
$21.2M
Q1 25
$13.8M
$20.7M
Q4 24
$13.8M
$20.4M
Q3 24
$14.3M
$20.2M
Q2 24
$16.3M
$20.1M
Q1 24
$13.5M
$19.9M
Net Profit
APT
APT
NEN
NEN
Q4 25
$698.0K
$-1.4M
Q3 25
$976.0K
$-521.8K
Q2 25
$1.2M
$4.1M
Q1 25
$613.0K
$3.8M
Q4 24
$847.0K
$4.2M
Q3 24
$862.0K
$3.9M
Q2 24
$1.6M
$4.1M
Q1 24
$576.0K
$3.5M
Gross Margin
APT
APT
NEN
NEN
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
NEN
NEN
Q4 25
6.9%
14.0%
Q3 25
7.4%
20.0%
Q2 25
8.0%
33.3%
Q1 25
3.3%
30.1%
Q4 24
4.9%
32.4%
Q3 24
5.2%
32.0%
Q2 24
10.5%
32.6%
Q1 24
2.4%
28.9%
Net Margin
APT
APT
NEN
NEN
Q4 25
5.0%
-677.3%
Q3 25
6.6%
-2.2%
Q2 25
7.5%
19.5%
Q1 25
4.4%
18.3%
Q4 24
6.1%
20.7%
Q3 24
6.0%
19.3%
Q2 24
10.1%
20.3%
Q1 24
4.3%
17.4%
EPS (diluted)
APT
APT
NEN
NEN
Q4 25
$0.06
Q3 25
$0.09
Q2 25
$0.12
Q1 25
$0.06
Q4 24
$0.07
Q3 24
$0.08
Q2 24
$0.15
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
APT
APT
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$17.0M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$62.5M
Total Assets
$74.1M
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APT
APT
NEN
NEN
Q4 25
$17.0M
$26.7M
Q3 25
$17.7M
$13.4M
Q2 25
$14.5M
$16.7M
Q1 25
$13.4M
$30.9M
Q4 24
$18.6M
$17.6M
Q3 24
$18.4M
$15.1M
Q2 24
$16.2M
$13.5M
Q1 24
$18.5M
$28.8M
Total Debt
APT
APT
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
APT
APT
NEN
NEN
Q4 25
$62.5M
Q3 25
$62.5M
Q2 25
$62.2M
Q1 25
$61.7M
Q4 24
$62.2M
Q3 24
$62.1M
Q2 24
$62.0M
Q1 24
$61.6M
Total Assets
APT
APT
NEN
NEN
Q4 25
$74.1M
$505.3M
Q3 25
$73.9M
$492.9M
Q2 25
$73.2M
$494.8M
Q1 25
$72.2M
$385.2M
Q4 24
$73.7M
$393.5M
Q3 24
$73.3M
$387.4M
Q2 24
$72.7M
$383.7M
Q1 24
$72.7M
$381.2M

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
NEN
NEN
Operating Cash FlowLast quarter
$318.0K
$27.7M
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
NEN
NEN
Q4 25
$318.0K
$27.7M
Q3 25
$3.9M
$2.3M
Q2 25
$2.1M
$12.5M
Q1 25
$-4.0M
$5.5M
Q4 24
$2.4M
$31.9M
Q3 24
$5.3M
$8.5M
Q2 24
$-873.0K
$5.4M
Q1 24
$-1.2M
$6.1M
Free Cash Flow
APT
APT
NEN
NEN
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
NEN
NEN
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
NEN
NEN
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
NEN
NEN
Q4 25
0.46×
Q3 25
4.02×
Q2 25
1.68×
3.02×
Q1 25
-6.46×
1.44×
Q4 24
2.85×
7.57×
Q3 24
6.18×
2.17×
Q2 24
-0.53×
1.32×
Q1 24
-2.03×
1.77×

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%

NEN
NEN

Segment breakdown not available.

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