vs
Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
ALPHA PRO TECH LTD is the larger business by last-quarter revenue ($13.9M vs $11.1M, roughly 1.2× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 5.0%, a 211.6% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -48.8%).
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.
NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.
APT vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $11.1M |
| Net Profit | $698.0K | $24.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 6.9% | — |
| Net Margin | 5.0% | 216.6% |
| Revenue YoY | 0.3% | -48.8% |
| Net Profit YoY | -17.6% | 58.7% |
| EPS (diluted) | $0.06 | $0.47 |
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 | $11.1M | ||
| Q3 25 | $14.8M | $12.5M | ||
| Q2 25 | $16.7M | $12.1M | ||
| Q1 25 | $13.8M | $11.5M | ||
| Q4 24 | $13.8M | $21.7M | ||
| Q3 24 | $14.3M | $12.5M | ||
| Q2 24 | $16.3M | $6.7M | ||
| Q1 24 | $13.5M | $-12.8M |
| Q4 25 | $698.0K | $24.0M | ||
| Q3 25 | $976.0K | $50.9M | ||
| Q2 25 | $1.2M | $22.3M | ||
| Q1 25 | $613.0K | $26.0M | ||
| Q4 24 | $847.0K | $15.2M | ||
| Q3 24 | $862.0K | $23.3M | ||
| Q2 24 | $1.6M | $12.1M | ||
| Q1 24 | $576.0K | $-14.6M |
| 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% | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | 5.0% | 216.6% | ||
| Q3 25 | 6.6% | 407.0% | ||
| Q2 25 | 7.5% | 184.5% | ||
| Q1 25 | 4.4% | 225.6% | ||
| Q4 24 | 6.1% | 69.9% | ||
| Q3 24 | 6.0% | 186.4% | ||
| Q2 24 | 10.1% | 179.7% | ||
| Q1 24 | 4.3% | 114.3% |
| Q4 25 | $0.06 | $0.47 | ||
| Q3 25 | $0.09 | $1.14 | ||
| Q2 25 | $0.12 | $0.54 | ||
| Q1 25 | $0.06 | $0.70 | ||
| Q4 24 | $0.07 | $0.71 | ||
| Q3 24 | $0.08 | $0.74 | ||
| Q2 24 | $0.15 | $0.40 | ||
| Q1 24 | $0.05 | $-0.83 |
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 | $31.1M |
| Total DebtLower is stronger | — | $771.2M |
| Stockholders' EquityBook value | $62.5M | $388.0M |
| Total Assets | $74.1M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $31.1M | ||
| Q3 25 | $17.7M | $17.9M | ||
| Q2 25 | $14.5M | $9.1M | ||
| Q1 25 | $13.4M | $19.2M | ||
| Q4 24 | $18.6M | $3.9M | ||
| Q3 24 | $18.4M | $34.7M | ||
| Q2 24 | $16.2M | $4.3M | ||
| Q1 24 | $18.5M | $13.5M |
| Q4 25 | — | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
| Q4 25 | $62.5M | $388.0M | ||
| Q3 25 | $62.5M | $375.4M | ||
| Q2 25 | $62.2M | $348.2M | ||
| Q1 25 | $61.7M | $343.7M | ||
| Q4 24 | $62.2M | $336.5M | ||
| Q3 24 | $62.1M | $335.8M | ||
| Q2 24 | $62.0M | $327.5M | ||
| Q1 24 | $61.6M | $327.1M |
| Q4 25 | $74.1M | $5.3B | ||
| Q3 25 | $73.9M | $5.3B | ||
| Q2 25 | $73.2M | $5.4B | ||
| Q1 25 | $72.2M | $5.4B | ||
| Q4 24 | $73.7M | $5.4B | ||
| Q3 24 | $73.3M | $5.7B | ||
| Q2 24 | $72.7M | $6.6B | ||
| Q1 24 | $72.7M | $7.1B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-4.5M |
| Free Cash FlowOCF − Capex | $51.0K | — |
| FCF MarginFCF / Revenue | 0.4% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 0.46× | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-4.5M | ||
| Q3 25 | $3.9M | $8.1M | ||
| Q2 25 | $2.1M | $3.3M | ||
| Q1 25 | $-4.0M | $16.0M | ||
| Q4 24 | $2.4M | $4.4M | ||
| Q3 24 | $5.3M | $14.7M | ||
| Q2 24 | $-873.0K | $-7.5M | ||
| Q1 24 | $-1.2M | $17.7M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.46× | -0.19× | ||
| Q3 25 | 4.02× | 0.16× | ||
| Q2 25 | 1.68× | 0.15× | ||
| Q1 25 | -6.46× | 0.62× | ||
| Q4 24 | 2.85× | 0.29× | ||
| Q3 24 | 6.18× | 0.63× | ||
| Q2 24 | -0.53× | -0.62× | ||
| Q1 24 | -2.03× | — |
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% |
NREF
Segment breakdown not available.
