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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

Zimmer Biomet is the larger business by last-quarter revenue ($2.2B vs $13.9M, roughly 161.8× ALPHA PRO TECH LTD). Zimmer Biomet runs the higher net margin — 6.2% vs 5.0%, a 1.2% gap on every dollar of revenue. On growth, Zimmer Biomet posted the faster year-over-year revenue change (10.9% vs 0.3%). Zimmer Biomet produced more free cash flow last quarter ($442.6M vs $51.0K). Over the past eight quarters, Zimmer Biomet's revenue compounded faster (9.0% CAGR vs 1.4%).

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.

Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company. It was founded in 1927 to produce aluminum splints. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster.

APT vs ZBH — Head-to-Head

Bigger by revenue
ZBH
ZBH
161.8× larger
ZBH
$2.2B
$13.9M
APT
Growing faster (revenue YoY)
ZBH
ZBH
+10.6% gap
ZBH
10.9%
0.3%
APT
Higher net margin
ZBH
ZBH
1.2% more per $
ZBH
6.2%
5.0%
APT
More free cash flow
ZBH
ZBH
$442.5M more FCF
ZBH
$442.6M
$51.0K
APT
Faster 2-yr revenue CAGR
ZBH
ZBH
Annualised
ZBH
9.0%
1.4%
APT

Income Statement — Q4 2025 vs Q4 2025

Metric
APT
APT
ZBH
ZBH
Revenue
$13.9M
$2.2B
Net Profit
$698.0K
$139.4M
Gross Margin
37.1%
64.7%
Operating Margin
6.9%
6.9%
Net Margin
5.0%
6.2%
Revenue YoY
0.3%
10.9%
Net Profit YoY
-17.6%
-41.8%
EPS (diluted)
$0.06
$0.71

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.

Revenue
APT
APT
ZBH
ZBH
Q4 25
$13.9M
$2.2B
Q3 25
$14.8M
$2.0B
Q2 25
$16.7M
$2.1B
Q1 25
$13.8M
$1.9B
Q4 24
$13.8M
$2.0B
Q3 24
$14.3M
$1.8B
Q2 24
$16.3M
$1.9B
Q1 24
$13.5M
$1.9B
Net Profit
APT
APT
ZBH
ZBH
Q4 25
$698.0K
$139.4M
Q3 25
$976.0K
$230.9M
Q2 25
$1.2M
$152.8M
Q1 25
$613.0K
$182.0M
Q4 24
$847.0K
$239.5M
Q3 24
$862.0K
$249.1M
Q2 24
$1.6M
$242.8M
Q1 24
$576.0K
$172.4M
Gross Margin
APT
APT
ZBH
ZBH
Q4 25
37.1%
64.7%
Q3 25
39.7%
72.1%
Q2 25
36.8%
71.5%
Q1 25
39.0%
71.2%
Q4 24
37.6%
71.0%
Q3 24
38.5%
70.5%
Q2 24
42.0%
71.5%
Q1 24
40.2%
72.9%
Operating Margin
APT
APT
ZBH
ZBH
Q4 25
6.9%
6.9%
Q3 25
7.4%
17.6%
Q2 25
8.0%
14.4%
Q1 25
3.3%
15.3%
Q4 24
4.9%
19.2%
Q3 24
5.2%
15.3%
Q2 24
10.5%
18.1%
Q1 24
2.4%
14.1%
Net Margin
APT
APT
ZBH
ZBH
Q4 25
5.0%
6.2%
Q3 25
6.6%
11.5%
Q2 25
7.5%
7.4%
Q1 25
4.4%
9.5%
Q4 24
6.1%
11.8%
Q3 24
6.0%
13.7%
Q2 24
10.1%
12.5%
Q1 24
4.3%
9.1%
EPS (diluted)
APT
APT
ZBH
ZBH
Q4 25
$0.06
$0.71
Q3 25
$0.09
$1.16
Q2 25
$0.12
$0.77
Q1 25
$0.06
$0.91
Q4 24
$0.07
$1.18
Q3 24
$0.08
$1.23
Q2 24
$0.15
$1.18
Q1 24
$0.05
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APT
APT
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$17.0M
$591.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$12.7B
Total Assets
$74.1M
$23.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APT
APT
ZBH
ZBH
Q4 25
$17.0M
$591.9M
Q3 25
$17.7M
$1.3B
Q2 25
$14.5M
$556.9M
Q1 25
$13.4M
$1.4B
Q4 24
$18.6M
$525.5M
Q3 24
$18.4M
$569.0M
Q2 24
$16.2M
$420.1M
Q1 24
$18.5M
$393.0M
Stockholders' Equity
APT
APT
ZBH
ZBH
Q4 25
$62.5M
$12.7B
Q3 25
$62.5M
$12.8B
Q2 25
$62.2M
$12.5B
Q1 25
$61.7M
$12.4B
Q4 24
$62.2M
$12.5B
Q3 24
$62.1M
$12.4B
Q2 24
$62.0M
$12.7B
Q1 24
$61.6M
$12.6B
Total Assets
APT
APT
ZBH
ZBH
Q4 25
$74.1M
$23.1B
Q3 25
$73.9M
$23.5B
Q2 25
$73.2M
$22.9B
Q1 25
$72.2M
$22.2B
Q4 24
$73.7M
$21.4B
Q3 24
$73.3M
$21.7B
Q2 24
$72.7M
$21.5B
Q1 24
$72.7M
$21.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APT
APT
ZBH
ZBH
Operating Cash FlowLast quarter
$318.0K
$517.4M
Free Cash FlowOCF − Capex
$51.0K
$442.6M
FCF MarginFCF / Revenue
0.4%
19.7%
Capex IntensityCapex / Revenue
1.9%
3.3%
Cash ConversionOCF / Net Profit
0.46×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$1.7M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APT
APT
ZBH
ZBH
Q4 25
$318.0K
$517.4M
Q3 25
$3.9M
$418.7M
Q2 25
$2.1M
$378.2M
Q1 25
$-4.0M
$382.8M
Q4 24
$2.4M
$506.3M
Q3 24
$5.3M
$395.7M
Q2 24
$-873.0K
$369.4M
Q1 24
$-1.2M
$228.0M
Free Cash Flow
APT
APT
ZBH
ZBH
Q4 25
$51.0K
$442.6M
Q3 25
$3.8M
$363.7M
Q2 25
$1.9M
$328.1M
Q1 25
$-4.1M
$338.2M
Q4 24
$970.0K
$454.8M
Q3 24
$3.2M
$351.2M
Q2 24
$-1.0M
$316.7M
Q1 24
$-1.3M
$172.9M
FCF Margin
APT
APT
ZBH
ZBH
Q4 25
0.4%
19.7%
Q3 25
25.9%
18.2%
Q2 25
11.7%
15.8%
Q1 25
-29.6%
17.7%
Q4 24
7.0%
22.5%
Q3 24
22.3%
19.3%
Q2 24
-6.2%
16.3%
Q1 24
-9.3%
9.2%
Capex Intensity
APT
APT
ZBH
ZBH
Q4 25
1.9%
3.3%
Q3 25
0.7%
2.7%
Q2 25
0.8%
2.4%
Q1 25
1.0%
2.3%
Q4 24
10.4%
2.5%
Q3 24
15.1%
2.4%
Q2 24
0.8%
2.7%
Q1 24
0.6%
2.9%
Cash Conversion
APT
APT
ZBH
ZBH
Q4 25
0.46×
3.71×
Q3 25
4.02×
1.81×
Q2 25
1.68×
2.48×
Q1 25
-6.46×
2.10×
Q4 24
2.85×
2.11×
Q3 24
6.18×
1.59×
Q2 24
-0.53×
1.52×
Q1 24
-2.03×
1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APT
APT

Segment breakdown not available.

ZBH
ZBH

Knees$911.0M41%
SET$587.6M26%
Hips$555.4M25%
Technology And Data Bone Cement And Surgical$189.8M8%

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