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ALPHA PRO TECH LTD（APT）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是ALPHA PRO TECH LTD的36.9倍（$510.9M vs $13.9M）。MSA Safety Inc净利率更高（17.0% vs 5.0%，领先12.0%）。MSA Safety Inc同比增速更快（2.2% vs 0.3%）。MSA Safety Inc自由现金流更多（$106.0M vs $51.0K）。过去两年MSA Safety Inc的营收复合增速更高（11.2% vs 1.4%）
Alpha Pro Tech Ltd是一家研发、生产和销售一次性防护服饰、口罩等个人防护用品及耐候屏障等建筑供应产品的企业，核心市场位于北美，主要服务医疗、工业、建筑领域的客户。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
APT vs MSA — 直观对比
营收规模更大
MSA
是对方的36.9倍
$13.9M
营收增速更快
MSA
高出1.9%
0.3%
净利率更高
MSA
高出12.0%
5.0%
自由现金流更多
MSA
多$106.0M
$51.0K
两年增速更快
MSA
近两年复合增速
1.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.9M | $510.9M |
| 净利润 | $698.0K | $86.9M |
| 毛利率 | 37.1% | 46.9% |
| 营业利润率 | 6.9% | 22.3% |
| 净利率 | 5.0% | 17.0% |
| 营收同比 | 0.3% | 2.2% |
| 净利润同比 | -17.6% | -1.2% |
| 每股收益（稀释后） | $0.06 | $2.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APTMSA
| Q4 25 | $13.9M | $510.9M | ||
| Q3 25 | $14.8M | $468.4M | ||
| Q2 25 | $16.7M | $474.1M | ||
| Q1 25 | $13.8M | $421.3M | ||
| Q4 24 | $13.8M | $499.7M | ||
| Q3 24 | $14.3M | $432.7M | ||
| Q2 24 | $16.3M | $462.5M | ||
| Q1 24 | $13.5M | $413.3M |
净利润APTMSA
| Q4 25 | $698.0K | $86.9M | ||
| Q3 25 | $976.0K | $69.6M | ||
| Q2 25 | $1.2M | $62.8M | ||
| Q1 25 | $613.0K | $59.6M | ||
| Q4 24 | $847.0K | $87.9M | ||
| Q3 24 | $862.0K | $66.6M | ||
| Q2 24 | $1.6M | $72.2M | ||
| Q1 24 | $576.0K | $58.1M |
毛利率APTMSA
| Q4 25 | 37.1% | 46.9% | ||
| Q3 25 | 39.7% | 46.5% | ||
| Q2 25 | 36.8% | 46.6% | ||
| Q1 25 | 39.0% | 45.9% | ||
| Q4 24 | 37.6% | 46.9% | ||
| Q3 24 | 38.5% | 47.9% | ||
| Q2 24 | 42.0% | 48.2% | ||
| Q1 24 | 40.2% | 47.3% |
营业利润率APTMSA
| Q4 25 | 6.9% | 22.3% | ||
| Q3 25 | 7.4% | 20.1% | ||
| Q2 25 | 8.0% | 18.1% | ||
| Q1 25 | 3.3% | 18.5% | ||
| Q4 24 | 4.9% | 23.5% | ||
| Q3 24 | 5.2% | 21.1% | ||
| Q2 24 | 10.5% | 21.6% | ||
| Q1 24 | 2.4% | 19.4% |
净利率APTMSA
| Q4 25 | 5.0% | 17.0% | ||
| Q3 25 | 6.6% | 14.9% | ||
| Q2 25 | 7.5% | 13.2% | ||
| Q1 25 | 4.4% | 14.1% | ||
| Q4 24 | 6.1% | 17.6% | ||
| Q3 24 | 6.0% | 15.4% | ||
| Q2 24 | 10.1% | 15.6% | ||
| Q1 24 | 4.3% | 14.1% |
每股收益（稀释后）APTMSA
| Q4 25 | $0.06 | $2.22 | ||
| Q3 25 | $0.09 | $1.77 | ||
| Q2 25 | $0.12 | $1.59 | ||
| Q1 25 | $0.06 | $1.51 | ||
| Q4 24 | $0.07 | $2.22 | ||
| Q3 24 | $0.08 | $1.69 | ||
| Q2 24 | $0.15 | $1.83 | ||
| Q1 24 | $0.05 | $1.47 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $17.0M | $165.1M |
| 总债务越低越好 | — | $580.9M |
| 股东权益账面价值 | $62.5M | $1.4B |
| 总资产 | $74.1M | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资APTMSA
| Q4 25 | $17.0M | $165.1M | ||
| Q3 25 | $17.7M | $170.0M | ||
| Q2 25 | $14.5M | $147.0M | ||
| Q1 25 | $13.4M | $170.6M | ||
| Q4 24 | $18.6M | $164.6M | ||
| Q3 24 | $18.4M | $154.4M | ||
| Q2 24 | $16.2M | $146.8M | ||
| Q1 24 | $18.5M | $148.3M |
总债务APTMSA
| Q4 25 | — | $580.9M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | — | $679.3M | ||
| Q1 25 | — | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | — | $554.7M | ||
| Q2 24 | — | $588.2M | ||
| Q1 24 | — | $596.2M |
股东权益APTMSA
| Q4 25 | $62.5M | $1.4B | ||
| Q3 25 | $62.5M | $1.3B | ||
| Q2 25 | $62.2M | $1.3B | ||
| Q1 25 | $61.7M | $1.2B | ||
| Q4 24 | $62.2M | $1.1B | ||
| Q3 24 | $62.1M | $1.1B | ||
| Q2 24 | $62.0M | $1.0B | ||
| Q1 24 | $61.6M | $994.8M |
总资产APTMSA
| Q4 25 | $74.1M | $2.6B | ||
| Q3 25 | $73.9M | $2.6B | ||
| Q2 25 | $73.2M | $2.6B | ||
| Q1 25 | $72.2M | $2.2B | ||
| Q4 24 | $73.7M | $2.2B | ||
| Q3 24 | $73.3M | $2.2B | ||
| Q2 24 | $72.7M | $2.2B | ||
| Q1 24 | $72.7M | $2.2B |
负债/权益比APTMSA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $318.0K | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $51.0K | $106.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 20.8% |
| 资本支出强度资本支出/营收 | 1.9% | 3.2% |
| 现金转化率经营现金流/净利润 | 0.46× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $1.7M | $295.4M |
8季度趋势，按日历期对齐
经营现金流APTMSA
| Q4 25 | $318.0K | $122.4M | ||
| Q3 25 | $3.9M | $112.5M | ||
| Q2 25 | $2.1M | $67.2M | ||
| Q1 25 | $-4.0M | $61.8M | ||
| Q4 24 | $2.4M | $107.9M | ||
| Q3 24 | $5.3M | $84.3M | ||
| Q2 24 | $-873.0K | $53.3M | ||
| Q1 24 | $-1.2M | $50.9M |
自由现金流APTMSA
| Q4 25 | $51.0K | $106.0M | ||
| Q3 25 | $3.8M | $100.5M | ||
| Q2 25 | $1.9M | $37.9M | ||
| Q1 25 | $-4.1M | $51.0M | ||
| Q4 24 | $970.0K | $93.5M | ||
| Q3 24 | $3.2M | $70.1M | ||
| Q2 24 | $-1.0M | $39.0M | ||
| Q1 24 | $-1.3M | $39.7M |
自由现金流率APTMSA
| Q4 25 | 0.4% | 20.8% | ||
| Q3 25 | 25.9% | 21.4% | ||
| Q2 25 | 11.7% | 8.0% | ||
| Q1 25 | -29.6% | 12.1% | ||
| Q4 24 | 7.0% | 18.7% | ||
| Q3 24 | 22.3% | 16.2% | ||
| Q2 24 | -6.2% | 8.4% | ||
| Q1 24 | -9.3% | 9.6% |
资本支出强度APTMSA
| Q4 25 | 1.9% | 3.2% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.8% | 6.2% | ||
| Q1 25 | 1.0% | 2.6% | ||
| Q4 24 | 10.4% | 2.9% | ||
| Q3 24 | 15.1% | 3.3% | ||
| Q2 24 | 0.8% | 3.1% | ||
| Q1 24 | 0.6% | 2.7% |
现金转化率APTMSA
| Q4 25 | 0.46× | 1.41× | ||
| Q3 25 | 4.02× | 1.62× | ||
| Q2 25 | 1.68× | 1.07× | ||
| Q1 25 | -6.46× | 1.04× | ||
| Q4 24 | 2.85× | 1.23× | ||
| Q3 24 | 6.18× | 1.27× | ||
| Q2 24 | -0.53× | 0.74× | ||
| Q1 24 | -2.03× | 0.88× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APT
暂无分部数据
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
