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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Velo3D, Inc. (VELO). 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 $9.4M, roughly 1.5× Velo3D, Inc.). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -231.9%, a 237.0% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -25.2%). ALPHA PRO TECH LTD produced more free cash flow last quarter ($51.0K vs $-8.3M). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -1.8%).
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.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
APT vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $9.4M |
| Net Profit | $698.0K | $-21.9M |
| Gross Margin | 37.1% | -73.6% |
| Operating Margin | 6.9% | -231.0% |
| Net Margin | 5.0% | -231.9% |
| Revenue YoY | 0.3% | -25.2% |
| Net Profit YoY | -17.6% | -2.9% |
| EPS (diluted) | $0.06 | $-0.87 |
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 | $9.4M | ||
| Q3 25 | $14.8M | $13.6M | ||
| Q2 25 | $16.7M | $13.6M | ||
| Q1 25 | $13.8M | $9.3M | ||
| Q4 24 | $13.8M | $12.6M | ||
| Q3 24 | $14.3M | $8.2M | ||
| Q2 24 | $16.3M | $10.3M | ||
| Q1 24 | $13.5M | $9.8M |
| Q4 25 | $698.0K | $-21.9M | ||
| Q3 25 | $976.0K | $-11.2M | ||
| Q2 25 | $1.2M | $-13.3M | ||
| Q1 25 | $613.0K | $-25.0M | ||
| Q4 24 | $847.0K | $-21.3M | ||
| Q3 24 | $862.0K | $-21.9M | ||
| Q2 24 | $1.6M | $935.0K | ||
| Q1 24 | $576.0K | $-27.5M |
| Q4 25 | 37.1% | -73.6% | ||
| Q3 25 | 39.7% | 3.2% | ||
| Q2 25 | 36.8% | -11.7% | ||
| Q1 25 | 39.0% | 7.5% | ||
| Q4 24 | 37.6% | -3.5% | ||
| Q3 24 | 38.5% | 49.4% | ||
| Q2 24 | 42.0% | -28.0% | ||
| Q1 24 | 40.2% | -28.8% |
| Q4 25 | 6.9% | -231.0% | ||
| Q3 25 | 7.4% | -73.3% | ||
| Q2 25 | 8.0% | -85.4% | ||
| Q1 25 | 3.3% | -123.6% | ||
| Q4 24 | 4.9% | -167.0% | ||
| Q3 24 | 5.2% | -213.8% | ||
| Q2 24 | 10.5% | -187.7% | ||
| Q1 24 | 2.4% | -211.1% |
| Q4 25 | 5.0% | -231.9% | ||
| Q3 25 | 6.6% | -82.0% | ||
| Q2 25 | 7.5% | -97.7% | ||
| Q1 25 | 4.4% | -268.4% | ||
| Q4 24 | 6.1% | -168.5% | ||
| Q3 24 | 6.0% | -265.3% | ||
| Q2 24 | 10.1% | 9.0% | ||
| Q1 24 | 4.3% | -281.2% |
| Q4 25 | $0.06 | $-0.87 | ||
| Q3 25 | $0.09 | $-0.65 | ||
| Q2 25 | $0.12 | $-0.94 | ||
| Q1 25 | $0.06 | $-1.87 | ||
| Q4 24 | $0.07 | $7.06 | ||
| Q3 24 | $0.08 | $-35.52 | ||
| Q2 24 | $0.15 | $1.65 | ||
| Q1 24 | $0.05 | $-55.51 |
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 | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $62.5M | $38.2M |
| Total Assets | $74.1M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $39.0M | ||
| Q3 25 | $17.7M | $11.8M | ||
| Q2 25 | $14.5M | $854.0K | ||
| Q1 25 | $13.4M | $3.9M | ||
| Q4 24 | $18.6M | $1.2M | ||
| Q3 24 | $18.4M | $1.6M | ||
| Q2 24 | $16.2M | $3.2M | ||
| Q1 24 | $18.5M | $10.9M |
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | $62.5M | $38.2M | ||
| Q3 25 | $62.5M | $29.9M | ||
| Q2 25 | $62.2M | $21.4M | ||
| Q1 25 | $61.7M | $32.8M | ||
| Q4 24 | $62.2M | $39.7M | ||
| Q3 24 | $62.1M | $34.4M | ||
| Q2 24 | $62.0M | $52.1M | ||
| Q1 24 | $61.6M | $45.5M |
| Q4 25 | $74.1M | $105.3M | ||
| Q3 25 | $73.9M | $93.7M | ||
| Q2 25 | $73.2M | $78.4M | ||
| Q1 25 | $72.2M | $91.3M | ||
| Q4 24 | $73.7M | $89.2M | ||
| Q3 24 | $73.3M | $110.8M | ||
| Q2 24 | $72.7M | $116.7M | ||
| Q1 24 | $72.7M | $136.1M |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| Free Cash FlowOCF − Capex | $51.0K | $-8.3M |
| FCF MarginFCF / Revenue | 0.4% | -88.3% |
| Capex IntensityCapex / Revenue | 1.9% | 6.4% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $-7.7M | ||
| Q3 25 | $3.9M | $-6.0M | ||
| Q2 25 | $2.1M | $-1.2M | ||
| Q1 25 | $-4.0M | $-12.3M | ||
| Q4 24 | $2.4M | $-2.2M | ||
| Q3 24 | $5.3M | $-2.0M | ||
| Q2 24 | $-873.0K | $-8.0M | ||
| Q1 24 | $-1.2M | $-20.5M |
| Q4 25 | $51.0K | $-8.3M | ||
| Q3 25 | $3.8M | $-6.3M | ||
| Q2 25 | $1.9M | $-3.0M | ||
| Q1 25 | $-4.1M | — | ||
| Q4 24 | $970.0K | $-2.2M | ||
| Q3 24 | $3.2M | $-2.0M | ||
| Q2 24 | $-1.0M | $-8.0M | ||
| Q1 24 | $-1.3M | $-20.5M |
| Q4 25 | 0.4% | -88.3% | ||
| Q3 25 | 25.9% | -46.5% | ||
| Q2 25 | 11.7% | -22.2% | ||
| Q1 25 | -29.6% | — | ||
| Q4 24 | 7.0% | -17.7% | ||
| Q3 24 | 22.3% | -24.2% | ||
| Q2 24 | -6.2% | -77.1% | ||
| Q1 24 | -9.3% | -209.8% |
| Q4 25 | 1.9% | 6.4% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.8% | 13.3% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 10.4% | 0.2% | ||
| Q3 24 | 15.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.0% | ||
| Q1 24 | 0.6% | 0.1% |
| 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× | -8.52× | ||
| 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% |
VELO
Segment breakdown not available.
