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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Zedge, Inc. (ZDGE). 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 $7.6M, roughly 1.8× Zedge, Inc.). Zedge, Inc. runs the higher net margin — 10.4% vs 5.0%, a 5.3% gap on every dollar of revenue. On growth, Zedge, Inc. posted the faster year-over-year revenue change (5.8% vs 0.3%). Zedge, Inc. produced more free cash flow last quarter ($808.0K vs $51.0K). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -1.0%).
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.
Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.
APT vs ZDGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $7.6M |
| Net Profit | $698.0K | $788.0K |
| Gross Margin | 37.1% | — |
| Operating Margin | 6.9% | 12.0% |
| Net Margin | 5.0% | 10.4% |
| Revenue YoY | 0.3% | 5.8% |
| Net Profit YoY | -17.6% | 332.4% |
| EPS (diluted) | $0.06 | $0.06 |
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 | $7.6M | ||
| Q3 25 | $14.8M | $7.5M | ||
| Q2 25 | $16.7M | $7.8M | ||
| Q1 25 | $13.8M | $7.0M | ||
| Q4 24 | $13.8M | $7.2M | ||
| Q3 24 | $14.3M | $7.6M | ||
| Q2 24 | $16.3M | $7.7M | ||
| Q1 24 | $13.5M | $7.8M |
| Q4 25 | $698.0K | $788.0K | ||
| Q3 25 | $976.0K | $-559.0K | ||
| Q2 25 | $1.2M | $185.0K | ||
| Q1 25 | $613.0K | $-1.7M | ||
| Q4 24 | $847.0K | $-339.0K | ||
| Q3 24 | $862.0K | $-39.0K | ||
| Q2 24 | $1.6M | $113.0K | ||
| Q1 24 | $576.0K | $-9.2M |
| 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% | 12.0% | ||
| Q3 25 | 7.4% | -9.6% | ||
| Q2 25 | 8.0% | 2.1% | ||
| Q1 25 | 3.3% | -31.8% | ||
| Q4 24 | 4.9% | -6.4% | ||
| Q3 24 | 5.2% | -0.8% | ||
| Q2 24 | 10.5% | -1.7% | ||
| Q1 24 | 2.4% | -153.5% |
| Q4 25 | 5.0% | 10.4% | ||
| Q3 25 | 6.6% | -7.5% | ||
| Q2 25 | 7.5% | 2.4% | ||
| Q1 25 | 4.4% | -24.1% | ||
| Q4 24 | 6.1% | -4.7% | ||
| Q3 24 | 6.0% | -0.5% | ||
| Q2 24 | 10.1% | 1.5% | ||
| Q1 24 | 4.3% | -118.8% |
| Q4 25 | $0.06 | $0.06 | ||
| Q3 25 | $0.09 | $-0.04 | ||
| Q2 25 | $0.12 | $0.01 | ||
| Q1 25 | $0.06 | $-0.12 | ||
| Q4 24 | $0.07 | $-0.02 | ||
| Q3 24 | $0.08 | $0.00 | ||
| Q2 24 | $0.15 | $0.01 | ||
| Q1 24 | $0.05 | $-0.66 |
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 | $18.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $25.9M |
| Total Assets | $74.1M | $36.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $18.5M | ||
| Q3 25 | $17.7M | $18.6M | ||
| Q2 25 | $14.5M | $20.4M | ||
| Q1 25 | $13.4M | $20.1M | ||
| Q4 24 | $18.6M | $20.2M | ||
| Q3 24 | $18.4M | $20.0M | ||
| Q2 24 | $16.2M | $19.9M | ||
| Q1 24 | $18.5M | $18.1M |
| Q4 25 | $62.5M | $25.9M | ||
| Q3 25 | $62.5M | $25.9M | ||
| Q2 25 | $62.2M | $28.6M | ||
| Q1 25 | $61.7M | $28.2M | ||
| Q4 24 | $62.2M | $30.1M | ||
| Q3 24 | $62.1M | $30.9M | ||
| Q2 24 | $62.0M | $30.9M | ||
| Q1 24 | $61.6M | $30.7M |
| Q4 25 | $74.1M | $36.0M | ||
| Q3 25 | $73.9M | $35.7M | ||
| Q2 25 | $73.2M | $37.8M | ||
| Q1 25 | $72.2M | $37.1M | ||
| Q4 24 | $73.7M | $38.2M | ||
| Q3 24 | $73.3M | $38.2M | ||
| Q2 24 | $72.7M | $38.1M | ||
| Q1 24 | $72.7M | $37.1M |
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 | $825.0K |
| Free Cash FlowOCF − Capex | $51.0K | $808.0K |
| FCF MarginFCF / Revenue | 0.4% | 10.6% |
| Capex IntensityCapex / Revenue | 1.9% | 0.2% |
| Cash ConversionOCF / Net Profit | 0.46× | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $3.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $825.0K | ||
| Q3 25 | $3.9M | $674.0K | ||
| Q2 25 | $2.1M | $870.0K | ||
| Q1 25 | $-4.0M | $708.0K | ||
| Q4 24 | $2.4M | $1.2M | ||
| Q3 24 | $5.3M | $695.0K | ||
| Q2 24 | $-873.0K | $2.3M | ||
| Q1 24 | $-1.2M | $1.6M |
| Q4 25 | $51.0K | $808.0K | ||
| Q3 25 | $3.8M | $640.0K | ||
| Q2 25 | $1.9M | $851.0K | ||
| Q1 25 | $-4.1M | $689.0K | ||
| Q4 24 | $970.0K | $1.2M | ||
| Q3 24 | $3.2M | $683.0K | ||
| Q2 24 | $-1.0M | $2.3M | ||
| Q1 24 | $-1.3M | $1.6M |
| Q4 25 | 0.4% | 10.6% | ||
| Q3 25 | 25.9% | 8.6% | ||
| Q2 25 | 11.7% | 11.0% | ||
| Q1 25 | -29.6% | 9.9% | ||
| Q4 24 | 7.0% | 16.1% | ||
| Q3 24 | 22.3% | 9.0% | ||
| Q2 24 | -6.2% | 30.4% | ||
| Q1 24 | -9.3% | 20.0% |
| Q4 25 | 1.9% | 0.2% | ||
| Q3 25 | 0.7% | 0.5% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 1.0% | 0.3% | ||
| Q4 24 | 10.4% | 0.2% | ||
| Q3 24 | 15.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.2% | ||
| Q1 24 | 0.6% | 0.0% |
| Q4 25 | 0.46× | 1.05× | ||
| Q3 25 | 4.02× | — | ||
| Q2 25 | 1.68× | 4.70× | ||
| Q1 25 | -6.46× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 6.18× | — | ||
| Q2 24 | -0.53× | 20.73× | ||
| 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% |
ZDGE
| Zedge Marketplace | $7.1M | 94% |
| Other | $468.0K | 6% |
