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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and SWK Holdings Corp (SWKH). 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 $8.7M, roughly 1.6× SWK Holdings Corp). On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $51.0K). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -12.5%).
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.
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
APT vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $8.7M |
| Net Profit | $698.0K | $-19.4M |
| Gross Margin | 37.1% | — |
| Operating Margin | 6.9% | 9.9% |
| Net Margin | 5.0% | — |
| Revenue YoY | 0.3% | -29.7% |
| Net Profit YoY | -17.6% | -430.2% |
| EPS (diluted) | $0.06 | $-1.59 |
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 | $8.7M | ||
| Q3 25 | $14.8M | $10.9M | ||
| Q2 25 | $16.7M | $10.1M | ||
| Q1 25 | $13.8M | $11.8M | ||
| Q4 24 | $13.8M | $12.4M | ||
| Q3 24 | $14.3M | $10.4M | ||
| Q2 24 | $16.3M | $10.8M | ||
| Q1 24 | $13.5M | $11.4M |
| Q4 25 | $698.0K | $-19.4M | ||
| Q3 25 | $976.0K | $8.8M | ||
| Q2 25 | $1.2M | $3.5M | ||
| Q1 25 | $613.0K | $4.5M | ||
| Q4 24 | $847.0K | $5.9M | ||
| Q3 24 | $862.0K | $3.5M | ||
| Q2 24 | $1.6M | $3.7M | ||
| Q1 24 | $576.0K | $468.0K |
| 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% | 9.9% | ||
| Q3 25 | 7.4% | 61.3% | ||
| Q2 25 | 8.0% | 46.1% | ||
| Q1 25 | 3.3% | 68.6% | ||
| Q4 24 | 4.9% | 44.7% | ||
| Q3 24 | 5.2% | 39.2% | ||
| Q2 24 | 10.5% | 8.3% | ||
| Q1 24 | 2.4% | 9.5% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 6.6% | 80.7% | ||
| Q2 25 | 7.5% | 35.2% | ||
| Q1 25 | 4.4% | 38.4% | ||
| Q4 24 | 6.1% | 47.5% | ||
| Q3 24 | 6.0% | 33.3% | ||
| Q2 24 | 10.1% | 33.9% | ||
| Q1 24 | 4.3% | 4.1% |
| Q4 25 | $0.06 | $-1.59 | ||
| Q3 25 | $0.09 | $0.72 | ||
| Q2 25 | $0.12 | $0.29 | ||
| Q1 25 | $0.06 | $0.37 | ||
| Q4 24 | $0.07 | $0.47 | ||
| Q3 24 | $0.08 | $0.28 | ||
| Q2 24 | $0.15 | $0.30 | ||
| Q1 24 | $0.05 | $0.04 |
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 | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $62.5M | $235.1M |
| Total Assets | $74.1M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $42.8M | ||
| Q3 25 | $17.7M | $10.2M | ||
| Q2 25 | $14.5M | $8.0M | ||
| Q1 25 | $13.4M | $29.8M | ||
| Q4 24 | $18.6M | $5.9M | ||
| Q3 24 | $18.4M | $17.2M | ||
| Q2 24 | $16.2M | $5.5M | ||
| Q1 24 | $18.5M | $5.5M |
| Q4 25 | — | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | $62.5M | $235.1M | ||
| Q3 25 | $62.5M | $254.2M | ||
| Q2 25 | $62.2M | $246.5M | ||
| Q1 25 | $61.7M | $292.7M | ||
| Q4 24 | $62.2M | $288.7M | ||
| Q3 24 | $62.1M | $283.4M | ||
| Q2 24 | $62.0M | $282.8M | ||
| Q1 24 | $61.6M | $279.9M |
| Q4 25 | $74.1M | $272.4M | ||
| Q3 25 | $73.9M | $289.4M | ||
| Q2 25 | $73.2M | $285.7M | ||
| Q1 25 | $72.2M | $331.3M | ||
| Q4 24 | $73.7M | $332.2M | ||
| Q3 24 | $73.3M | $321.3M | ||
| Q2 24 | $72.7M | $321.0M | ||
| Q1 24 | $72.7M | $322.0M |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $51.0K | $26.8M |
| FCF MarginFCF / Revenue | 0.4% | 308.1% |
| Capex IntensityCapex / Revenue | 1.9% | 5.9% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $27.3M | ||
| Q3 25 | $3.9M | $906.0K | ||
| Q2 25 | $2.1M | $7.8M | ||
| Q1 25 | $-4.0M | $8.3M | ||
| Q4 24 | $2.4M | $23.0M | ||
| Q3 24 | $5.3M | $6.3M | ||
| Q2 24 | $-873.0K | $5.4M | ||
| Q1 24 | $-1.2M | $4.4M |
| Q4 25 | $51.0K | $26.8M | ||
| Q3 25 | $3.8M | $557.0K | ||
| Q2 25 | $1.9M | $7.7M | ||
| Q1 25 | $-4.1M | $8.2M | ||
| Q4 24 | $970.0K | $22.9M | ||
| Q3 24 | $3.2M | $6.3M | ||
| Q2 24 | $-1.0M | $5.4M | ||
| Q1 24 | $-1.3M | — |
| Q4 25 | 0.4% | 308.1% | ||
| Q3 25 | 25.9% | 5.1% | ||
| Q2 25 | 11.7% | 77.0% | ||
| Q1 25 | -29.6% | 69.1% | ||
| Q4 24 | 7.0% | 185.3% | ||
| Q3 24 | 22.3% | 60.4% | ||
| Q2 24 | -6.2% | 49.7% | ||
| Q1 24 | -9.3% | — |
| Q4 25 | 1.9% | 5.9% | ||
| Q3 25 | 0.7% | 3.2% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | 10.4% | 1.1% | ||
| Q3 24 | 15.1% | 0.3% | ||
| Q2 24 | 0.8% | 0.2% | ||
| Q1 24 | 0.6% | 0.0% |
| Q4 25 | 0.46× | — | ||
| Q3 25 | 4.02× | 0.10× | ||
| Q2 25 | 1.68× | 2.21× | ||
| Q1 25 | -6.46× | 1.82× | ||
| Q4 24 | 2.85× | 3.93× | ||
| Q3 24 | 6.18× | 1.82× | ||
| Q2 24 | -0.53× | 1.47× | ||
| Q1 24 | -2.03× | 9.47× |
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% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
