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Side-by-side financial comparison of ALPHA PRO TECH LTD (APT) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $13.9M, roughly 1.3× ALPHA PRO TECH LTD). ALPHA PRO TECH LTD runs the higher net margin — 5.0% vs -10.8%, a 15.8% gap on every dollar of revenue. On growth, ALPHA PRO TECH LTD posted the faster year-over-year revenue change (0.3% vs -0.4%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $51.0K). Over the past eight quarters, ALPHA PRO TECH LTD's revenue compounded faster (1.4% CAGR vs -4.0%).
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.
APT vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.9M | $18.6M |
| Net Profit | $698.0K | $-2.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 6.9% | -11.8% |
| Net Margin | 5.0% | -10.8% |
| Revenue YoY | 0.3% | -0.4% |
| Net Profit YoY | -17.6% | -360.9% |
| EPS (diluted) | $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 | $18.6M | ||
| Q3 25 | $14.8M | $23.9M | ||
| Q2 25 | $16.7M | $18.1M | ||
| Q1 25 | $13.8M | $8.8M | ||
| Q4 24 | $13.8M | $18.6M | ||
| Q3 24 | $14.3M | $19.7M | ||
| Q2 24 | $16.3M | $14.8M | ||
| Q1 24 | $13.5M | $20.1M |
| Q4 25 | $698.0K | $-2.0M | ||
| Q3 25 | $976.0K | $-3.2M | ||
| Q2 25 | $1.2M | $-2.4M | ||
| Q1 25 | $613.0K | $-6.4M | ||
| Q4 24 | $847.0K | $-435.3K | ||
| Q3 24 | $862.0K | $-424.3K | ||
| Q2 24 | $1.6M | $-277.8K | ||
| Q1 24 | $576.0K | $-1.5M |
| Q4 25 | 37.1% | — | ||
| Q3 25 | 39.7% | 57.9% | ||
| Q2 25 | 36.8% | 59.8% | ||
| Q1 25 | 39.0% | 99.3% | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 38.5% | 50.2% | ||
| Q2 24 | 42.0% | 52.3% | ||
| Q1 24 | 40.2% | — |
| Q4 25 | 6.9% | -11.8% | ||
| Q3 25 | 7.4% | -8.3% | ||
| Q2 25 | 8.0% | -15.8% | ||
| Q1 25 | 3.3% | -153.8% | ||
| Q4 24 | 4.9% | -6.0% | ||
| Q3 24 | 5.2% | -15.2% | ||
| Q2 24 | 10.5% | -18.0% | ||
| Q1 24 | 2.4% | -20.1% |
| Q4 25 | 5.0% | -10.8% | ||
| Q3 25 | 6.6% | -13.5% | ||
| Q2 25 | 7.5% | -13.3% | ||
| Q1 25 | 4.4% | -72.4% | ||
| Q4 24 | 6.1% | -2.3% | ||
| Q3 24 | 6.0% | -2.2% | ||
| Q2 24 | 10.1% | -1.9% | ||
| Q1 24 | 4.3% | -7.6% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.06 | $-0.48 | ||
| Q4 24 | $0.07 | $1.11 | ||
| Q3 24 | $0.08 | $-0.08 | ||
| Q2 24 | $0.15 | $0.03 | ||
| Q1 24 | $0.05 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $62.5M | $5.3M |
| Total Assets | $74.1M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.0M | $6.1M | ||
| Q3 25 | $17.7M | $3.9M | ||
| Q2 25 | $14.5M | $68.7K | ||
| Q1 25 | $13.4M | $2.9M | ||
| Q4 24 | $18.6M | $5.6M | ||
| Q3 24 | $18.4M | $4.3M | ||
| Q2 24 | $16.2M | $5.3M | ||
| Q1 24 | $18.5M | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $62.5M | $5.3M | ||
| Q3 25 | $62.5M | $-1.7M | ||
| Q2 25 | $62.2M | $-59.4M | ||
| Q1 25 | $61.7M | $-23.1M | ||
| Q4 24 | $62.2M | $-88.9M | ||
| Q3 24 | $62.1M | $-39.3M | ||
| Q2 24 | $62.0M | $-53.0M | ||
| Q1 24 | $61.6M | $-173.0M |
| Q4 25 | $74.1M | $56.9M | ||
| Q3 25 | $73.9M | $58.5M | ||
| Q2 25 | $73.2M | $46.2M | ||
| Q1 25 | $72.2M | $47.4M | ||
| Q4 24 | $73.7M | $61.0M | ||
| Q3 24 | $73.3M | $47.1M | ||
| Q2 24 | $72.7M | $49.1M | ||
| Q1 24 | $72.7M | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.4M |
| Free Cash FlowOCF − Capex | $51.0K | $2.3M |
| FCF MarginFCF / Revenue | 0.4% | 12.2% |
| Capex IntensityCapex / Revenue | 1.9% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.0K | $2.4M | ||
| Q3 25 | $3.9M | $-6.6M | ||
| Q2 25 | $2.1M | $-2.3M | ||
| Q1 25 | $-4.0M | $-2.3M | ||
| Q4 24 | $2.4M | $3.5M | ||
| Q3 24 | $5.3M | $162.2K | ||
| Q2 24 | $-873.0K | $-2.2M | ||
| Q1 24 | $-1.2M | $-10.2M |
| Q4 25 | $51.0K | $2.3M | ||
| Q3 25 | $3.8M | $-6.8M | ||
| Q2 25 | $1.9M | $-2.7M | ||
| Q1 25 | $-4.1M | $-2.6M | ||
| Q4 24 | $970.0K | $3.4M | ||
| Q3 24 | $3.2M | $116.5K | ||
| Q2 24 | $-1.0M | $-2.3M | ||
| Q1 24 | $-1.3M | $-10.4M |
| Q4 25 | 0.4% | 12.2% | ||
| Q3 25 | 25.9% | -28.6% | ||
| Q2 25 | 11.7% | -15.0% | ||
| Q1 25 | -29.6% | -30.0% | ||
| Q4 24 | 7.0% | 18.2% | ||
| Q3 24 | 22.3% | 0.6% | ||
| Q2 24 | -6.2% | -15.6% | ||
| Q1 24 | -9.3% | -51.5% |
| Q4 25 | 1.9% | 0.9% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 0.8% | 2.4% | ||
| Q1 25 | 1.0% | 4.2% | ||
| Q4 24 | 10.4% | 0.5% | ||
| Q3 24 | 15.1% | 0.2% | ||
| Q2 24 | 0.8% | 0.7% | ||
| Q1 24 | 0.6% | 1.1% |
| 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× | — | ||
| 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% |
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
