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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $13.9M, roughly 1.1× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -176.6%, a 181.7% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -26.9%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-16.2M). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
APT vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $15.8M |
| Net Profit | $698.0K | $-28.0M |
| Gross Margin | 37.1% | 40.2% |
| Operating Margin | 6.9% | -164.1% |
| Net Margin | 5.0% | -176.6% |
| Revenue YoY | 0.3% | -26.9% |
| Net Profit YoY | -17.6% | 42.7% |
| EPS (diluted) | $0.06 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $14.8M | $12.7M | ||
| Q2 25 | $16.7M | $19.2M | ||
| Q1 25 | $13.8M | $23.9M | ||
| Q4 24 | $13.8M | $21.7M | ||
| Q3 24 | $14.3M | $28.6M | ||
| Q2 24 | $16.3M | $25.4M | ||
| Q1 24 | $13.5M | $34.8M |
| Q4 25 | $698.0K | $-28.0M | ||
| Q3 25 | $976.0K | $-19.7M | ||
| Q2 25 | $1.2M | $119.6M | ||
| Q1 25 | $613.0K | $-20.7M | ||
| Q4 24 | $847.0K | $-48.8M | ||
| Q3 24 | $862.0K | $-12.5M | ||
| Q2 24 | $1.6M | $-16.6M | ||
| Q1 24 | $576.0K | $-25.5M |
| Q4 25 | 37.1% | 40.2% | ||
| Q3 25 | 39.7% | 36.6% | ||
| Q2 25 | 36.8% | 48.9% | ||
| Q1 25 | 39.0% | 36.8% | ||
| Q4 24 | 37.6% | 32.4% | ||
| Q3 24 | 38.5% | 44.5% | ||
| Q2 24 | 42.0% | 43.0% | ||
| Q1 24 | 40.2% | 26.5% |
| Q4 25 | 6.9% | -164.1% | ||
| Q3 25 | 7.4% | -166.1% | ||
| Q2 25 | 8.0% | -122.7% | ||
| Q1 25 | 3.3% | -106.5% | ||
| Q4 24 | 4.9% | -144.1% | ||
| Q3 24 | 5.2% | -48.0% | ||
| Q2 24 | 10.5% | -48.6% | ||
| Q1 24 | 2.4% | -34.4% |
| Q4 25 | 5.0% | -176.6% | ||
| Q3 25 | 6.6% | -155.3% | ||
| Q2 25 | 7.5% | 623.4% | ||
| Q1 25 | 4.4% | -86.5% | ||
| Q4 24 | 6.1% | -225.2% | ||
| Q3 24 | 6.0% | -43.7% | ||
| Q2 24 | 10.1% | -65.2% | ||
| Q1 24 | 4.3% | -73.3% |
| Q4 25 | $0.06 | $-0.85 | ||
| Q3 25 | $0.09 | $-0.61 | ||
| Q2 25 | $0.12 | $3.72 | ||
| Q1 25 | $0.06 | $-0.77 | ||
| Q4 24 | $0.07 | $-1.93 | ||
| Q3 24 | $0.08 | $-0.50 | ||
| Q2 24 | $0.15 | $-0.68 | ||
| Q1 24 | $0.05 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $112.9M |
| Total Assets | $74.1M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $81.8M | ||
| Q3 25 | $17.7M | $96.8M | ||
| Q2 25 | $14.5M | $117.6M | ||
| Q1 25 | $13.4M | $35.9M | ||
| Q4 24 | $18.6M | $19.2M | ||
| Q3 24 | $18.4M | $36.6M | ||
| Q2 24 | $16.2M | $45.8M | ||
| Q1 24 | $18.5M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $62.5M | $112.9M | ||
| Q3 25 | $62.5M | $133.1M | ||
| Q2 25 | $62.2M | $149.2M | ||
| Q1 25 | $61.7M | $3.7M | ||
| Q4 24 | $62.2M | $-11.7M | ||
| Q3 24 | $62.1M | $30.8M | ||
| Q2 24 | $62.0M | $40.3M | ||
| Q1 24 | $61.6M | $52.5M |
| Q4 25 | $74.1M | $211.0M | ||
| Q3 25 | $73.9M | $224.3M | ||
| Q2 25 | $73.2M | $239.5M | ||
| Q1 25 | $72.2M | $208.8M | ||
| Q4 24 | $73.7M | $193.6M | ||
| Q3 24 | $73.3M | $224.2M | ||
| Q2 24 | $72.7M | $230.8M | ||
| Q1 24 | $72.7M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $51.0K | $-16.2M |
| FCF MarginFCF / Revenue | 0.4% | -102.1% |
| Capex IntensityCapex / Revenue | 1.9% | 75.1% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-4.3M | ||
| Q3 25 | $3.9M | $-12.0M | ||
| Q2 25 | $2.1M | $-35.1M | ||
| Q1 25 | $-4.0M | $-8.4M | ||
| Q4 24 | $2.4M | $-19.2M | ||
| Q3 24 | $5.3M | $14.0M | ||
| Q2 24 | $-873.0K | $-4.4M | ||
| Q1 24 | $-1.2M | $-8.8M |
| Q4 25 | $51.0K | $-16.2M | ||
| Q3 25 | $3.8M | $-20.4M | ||
| Q2 25 | $1.9M | $-38.7M | ||
| Q1 25 | $-4.1M | $-17.3M | ||
| Q4 24 | $970.0K | $-24.3M | ||
| Q3 24 | $3.2M | $5.1M | ||
| Q2 24 | $-1.0M | $-9.9M | ||
| Q1 24 | $-1.3M | $-15.9M |
| Q4 25 | 0.4% | -102.1% | ||
| Q3 25 | 25.9% | -161.3% | ||
| Q2 25 | 11.7% | -201.7% | ||
| Q1 25 | -29.6% | -72.6% | ||
| Q4 24 | 7.0% | -112.2% | ||
| Q3 24 | 22.3% | 17.8% | ||
| Q2 24 | -6.2% | -39.0% | ||
| Q1 24 | -9.3% | -45.7% |
| Q4 25 | 1.9% | 75.1% | ||
| Q3 25 | 0.7% | 66.2% | ||
| Q2 25 | 0.8% | 18.8% | ||
| Q1 25 | 1.0% | 37.3% | ||
| Q4 24 | 10.4% | 23.5% | ||
| Q3 24 | 15.1% | 31.2% | ||
| Q2 24 | 0.8% | 21.8% | ||
| Q1 24 | 0.6% | 20.3% |
| Q4 25 | 0.46× | — | ||
| Q3 25 | 4.02× | — | ||
| Q2 25 | 1.68× | -0.29× | ||
| 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% |
SPIR
Segment breakdown not available.
