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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Soluna Holdings, Inc (SLNH). 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 $8.4M, roughly 1.6× Soluna Holdings, Inc). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -284.7%, a 289.7% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs 0.3%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-6.8M). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -8.8%).
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.
APT vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $8.4M |
| Net Profit | $698.0K | $-24.0M |
| Gross Margin | 37.1% | 9.5% |
| Operating Margin | 6.9% | -92.5% |
| Net Margin | 5.0% | -284.7% |
| Revenue YoY | 0.3% | 11.8% |
| Net Profit YoY | -17.6% | -233.2% |
| EPS (diluted) | $0.06 | $-1.14 |
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 | — | ||
| Q3 25 | $14.8M | $8.4M | ||
| Q2 25 | $16.7M | $6.2M | ||
| Q1 25 | $13.8M | $5.9M | ||
| Q4 24 | $13.8M | $8.3M | ||
| Q3 24 | $14.3M | $7.5M | ||
| Q2 24 | $16.3M | $9.7M | ||
| Q1 24 | $13.5M | $12.5M |
| Q4 25 | $698.0K | — | ||
| Q3 25 | $976.0K | $-24.0M | ||
| Q2 25 | $1.2M | $-7.4M | ||
| Q1 25 | $613.0K | $-7.6M | ||
| Q4 24 | $847.0K | $-40.0M | ||
| Q3 24 | $862.0K | $-7.2M | ||
| Q2 24 | $1.6M | $-10.9M | ||
| Q1 24 | $576.0K | $-5.3M |
| Q4 25 | 37.1% | — | ||
| Q3 25 | 39.7% | 9.5% | ||
| Q2 25 | 36.8% | 6.3% | ||
| Q1 25 | 39.0% | 5.7% | ||
| Q4 24 | 37.6% | -360.8% | ||
| Q3 24 | 38.5% | -39.1% | ||
| Q2 24 | 42.0% | 34.6% | ||
| Q1 24 | 40.2% | 45.4% |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 7.4% | -92.5% | ||
| Q2 25 | 8.0% | -107.6% | ||
| Q1 25 | 3.3% | -120.9% | ||
| Q4 24 | 4.9% | -426.0% | ||
| Q3 24 | 5.2% | -119.8% | ||
| Q2 24 | 10.5% | -38.0% | ||
| Q1 24 | 2.4% | 3.2% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 6.6% | -284.7% | ||
| Q2 25 | 7.5% | -119.9% | ||
| Q1 25 | 4.4% | -127.3% | ||
| Q4 24 | 6.1% | -483.8% | ||
| Q3 24 | 6.0% | -95.5% | ||
| Q2 24 | 10.1% | -112.4% | ||
| Q1 24 | 4.3% | -41.9% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.09 | $-1.14 | ||
| Q2 25 | $0.12 | $-0.93 | ||
| Q1 25 | $0.06 | $-1.21 | ||
| Q4 24 | $0.07 | $-7.14 | ||
| Q3 24 | $0.08 | $-1.56 | ||
| Q2 24 | $0.15 | $-3.62 | ||
| Q1 24 | $0.05 | $-2.62 |
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 | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $62.5M | $14.5M |
| Total Assets | $74.1M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | — | ||
| Q3 25 | $17.7M | — | ||
| Q2 25 | $14.5M | — | ||
| Q1 25 | $13.4M | — | ||
| Q4 24 | $18.6M | — | ||
| Q3 24 | $18.4M | — | ||
| Q2 24 | $16.2M | — | ||
| Q1 24 | $18.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
| Q4 25 | $62.5M | — | ||
| Q3 25 | $62.5M | $14.5M | ||
| Q2 25 | $62.2M | $-19.5M | ||
| Q1 25 | $61.7M | $-16.1M | ||
| Q4 24 | $62.2M | $-12.5M | ||
| Q3 24 | $62.1M | $20.9M | ||
| Q2 24 | $62.0M | $24.4M | ||
| Q1 24 | $61.6M | $21.5M |
| Q4 25 | $74.1M | — | ||
| Q3 25 | $73.9M | $152.0M | ||
| Q2 25 | $73.2M | $92.0M | ||
| Q1 25 | $72.2M | $90.0M | ||
| Q4 24 | $73.7M | $88.0M | ||
| Q3 24 | $73.3M | $97.3M | ||
| Q2 24 | $72.7M | $98.7M | ||
| Q1 24 | $72.7M | $90.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — |
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 | $-2.2M |
| Free Cash FlowOCF − Capex | $51.0K | $-6.8M |
| FCF MarginFCF / Revenue | 0.4% | -81.4% |
| Capex IntensityCapex / Revenue | 1.9% | 55.2% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | — | ||
| Q3 25 | $3.9M | $-2.2M | ||
| Q2 25 | $2.1M | $-1.1M | ||
| Q1 25 | $-4.0M | $-177.0K | ||
| Q4 24 | $2.4M | $-5.1M | ||
| Q3 24 | $5.3M | $61.0K | ||
| Q2 24 | $-873.0K | $-7.3M | ||
| Q1 24 | $-1.2M | $3.9M |
| Q4 25 | $51.0K | — | ||
| Q3 25 | $3.8M | $-6.8M | ||
| Q2 25 | $1.9M | $-9.7M | ||
| Q1 25 | $-4.1M | $-4.0M | ||
| Q4 24 | $970.0K | $-13.9M | ||
| Q3 24 | $3.2M | $-3.4M | ||
| Q2 24 | $-1.0M | $-7.6M | ||
| Q1 24 | $-1.3M | $3.3M |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 25.9% | -81.4% | ||
| Q2 25 | 11.7% | -156.8% | ||
| Q1 25 | -29.6% | -67.1% | ||
| Q4 24 | 7.0% | -168.3% | ||
| Q3 24 | 22.3% | -44.8% | ||
| Q2 24 | -6.2% | -78.2% | ||
| Q1 24 | -9.3% | 26.5% |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 0.7% | 55.2% | ||
| Q2 25 | 0.8% | 139.0% | ||
| Q1 25 | 1.0% | 64.2% | ||
| Q4 24 | 10.4% | 107.0% | ||
| Q3 24 | 15.1% | 45.6% | ||
| Q2 24 | 0.8% | 2.5% | ||
| Q1 24 | 0.6% | 4.2% |
| Q4 25 | 0.46× | — | ||
| Q3 25 | 4.02× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | -6.46× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 6.18× | — | ||
| 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
| Other | $7.3M | 53% |
| Disposable Protective Apparel | $6.6M | 47% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
