Alpha Pro Tech, Ltd. (APT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.05	—	—	$13.8M	—
Q4 22	—	$0.05	—	—	$12.2M	—
Q3 22	—	$0.04	—	—	$14.7M	—
Q2 22	—	$0.05	—	—	$17.4M	—
Q1 22	—	$0.12	—	—	$17.7M	—
Q4 21	—	$0.05	—	—	$13.2M	—
Q3 21	—	$0.06	—	—	$14.5M	—
Q2 21	$0.31	$0.12	-61.3%	—	$17.8M	—
Q1 21	$0.33	$0.27	-18.2%	—	$23.2M	—
Q4 20	$0.5	$0.53	+6.0%	—	$29M	—
Q3 20	$0.46	$0.58	+26.1%	—	$30M	—
Q3 11	$0.16	$0.02	-87.5%	—	$10.1M	—
Q2 11	$0.14	$0.01	-92.9%	—	$10.3M	—
Q3 10	$0.04	$0.01	-75.0%	—	$10.3M	—
Q2 10	$0.03	$0.02	-33.3%	—	$11.2M	—
Q1 10	$0.02	$0.03	+50.0%	—	$11.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.34	—	—	$59.1M	—
FY24	—	$0.35	—	—	$57.8M	—
FY23	—	$0.35	—	—	$61.2M	—
FY22	—	$0.26	—	—	$62M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$46.2M	$44M	$46.6M	$46.7M	$102.7M	$68.6M	$62M	$61.2M	$57.8M	$59.1M
YoY change	+2.72%	-4.66%	+5.9%	+0.09%	+120.1%	-33.2%	-9.7%	-1.21%	-5.54%	+2.25%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	46.2M	44M	46.6M	46.7M	102.7M	68.6M	62M	61.2M	57.8M	59.1M
Cost of revenue	29.2M	26.6M	28.9M	29.7M	52.2M	43.3M	40.3M	38.4M	34.9M	36.6M
Gross profit	17M	17.5M	17.7M	17M	50.5M	25.3M	21.7M	22.8M	22.9M	22.5M
Gross margin	36.8%	39.6%	38%	36.4%	49.2%	36.9%	35%	37.3%	39.6%	38.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.8M	14M	13.3M	13.3M	18.2M	16.6M	16.2M	17.8M	18.6M	17.8M
Operating expenses	12.8M	14M	13.3M	13.3M	18.2M	16.6M	16.2M	17.8M	18.6M	17.8M
Operating income	3.7M	2.9M	3.9M	3M	31.6M	7.9M	4.7M	4.1M	3.4M	3.8M
Operating margin	7.95%	6.65%	8.31%	6.48%	30.8%	11.5%	7.5%	6.75%	5.96%	6.49%
Non-operating income, net	498K	740K	537K	590K	648K	571K	-403K	477K	659K	182K
Pretax income	4.2M	3.7M	4.4M	3.7M	32.2M	8.5M	4.4M	5.4M	5M	4.7M
Income tax	1M	1M	789K	680K	5.4M	1.7M	1.1M	1.2M	1.1M	1.1M
Net income	3.2M	2.6M	3.6M	3M	26.9M	6.8M	3.3M	4.2M	3.9M	3.5M
Net margin	6.86%	5.98%	7.77%	6.43%	26.2%	9.84%	5.3%	6.84%	6.79%	5.97%
EBITDA	4.2M	3.1M	4.4M	3.4M	32.4M	8.7M	6M	5.1M	4.3M	4.8M
EPS	0.19	0.18	0.26	0.23	2.01	0.51	0.26	0.35	0.35	0.34
Diluted EPS	0.19	0.18	0.26	0.23	1.94	0.5	0.26	0.35	0.35	0.33

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	16.1M	15.3M	13.5M	16.3M	14.3M	13.8M	13.8M	16.7M	14.8M	13.9M	14.6M	18.7M
Cost of revenue	10M	9.6M	8.1M	9.4M	8.8M	8.6M	8.4M	10.5M	8.9M	8.7M	9.1M	11.7M
Gross profit	6M	5.7M	5.4M	6.8M	5.5M	5.2M	5.4M	6.1M	5.9M	5.1M	5.5M	7M
Gross margin	37.6%	37.4%	40.2%	42%	38.5%	37.6%	39%	36.8%	39.7%	37.1%	37.8%	37.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4.4M	4.5M	4.8M	4.9M	4.5M	4.4M	4.7M	4.6M	4.6M	4M	4.7M	4.7M
Operating expenses	4.4M	4.5M	4.8M	4.9M	4.5M	4.4M	4.7M	4.6M	4.6M	4M	4.7M	4.7M
Operating income	1.4M	971K	326K	1.7M	737K	674K	455K	1.3M	1.1M	952K	580K	2M
Operating margin	8.86%	6.36%	2.42%	10.5%	5.17%	4.88%	3.29%	8.01%	7.42%	6.87%	3.98%	10.8%
Non-operating income, net	180K	85K	138K	200K	127K	194K	141K	137K	27K	-123K	155K	209K
Pretax income	1.8M	1.3M	722K	2.1M	1.1M	1.1M	772K	1.6M	1.3M	993K	885K	2.4M
Income tax	395K	262K	146K	475K	237K	233K	159K	367K	317K	295K	183K	558K
Net income	1.4M	1.1M	576K	1.6M	862K	847K	613K	1.2M	976K	698K	702K	1.8M
Net margin	8.91%	6.95%	4.27%	10.1%	6.05%	6.13%	4.43%	7.46%	6.6%	5.03%	4.81%	9.78%
EBITDA	1.6M	1.2M	570K	2M	952K	813K	698K	1.6M	1.3M	1.2M	1.1M	2.3M
EPS	0.12	—	0.05	0.15	0.08	0.08	0.06	0.12	0.09	0.07	0.07	0.18
Diluted EPS	0.12	—	0.05	0.15	0.08	0.08	0.06	0.12	0.09	0.07	0.07	0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	58.9M	—	51.6M	45.1M	150M	79M	51.1M	62.7M	58.9M	46.1M	51.4M
Enterprise value	48.9M	—	44.3M	41.4M	130.3M	65.3M	36.6M	47.2M	49.1M	37M	41.2M
Shares outstanding	16.8M	14.8M	13.9M	13.1M	13.4M	13.2M	12.7M	11.9M	11.1M	10.4M	10.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.6	—	14.2	15	5.58	11.7	15.6	15	15	13.1	12.9
P/S	1.28	—	1.11	0.97	1.46	1.15	0.82	1.02	1.02	0.78	0.83
P/B	1.8	—	1.6	1.36	2.52	1.28	0.84	1.02	0.95	0.74	0.79
EV/EBITDA	11.6	—	9.97	12.2	4.02	7.47	6.15	9.33	11.4	7.77	7.74
EV/Sales	1.06	—	0.95	0.89	1.27	0.95	0.59	0.77	0.85	0.63	0.67
Earnings yield	5.38%	—	7.02%	6.65%	17.9%	8.56%	6.42%	6.68%	6.67%	7.66%	7.74%
FCF yield	11.1%	—	2.7%	4%	11.4%	-3.8%	7.41%	12.2%	3.21%	3.75%	8.67%
PEG	—	—	—	—	—	—	—	—	—	—	0.26

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	36.8%	39.6%	38%	36.4%	49.2%	36.9%	35%	37.3%	39.6%	38.1%	37.4%
Operating margin	7.95%	6.65%	8.31%	6.48%	30.8%	11.5%	7.5%	6.75%	5.96%	6.49%	9.28%
Net margin	6.86%	5.98%	7.77%	6.43%	26.2%	9.84%	5.3%	6.84%	6.79%	5.97%	6.79%
ROE	9.7%	8.41%	11.3%	9.03%	45.2%	10.9%	5.4%	6.8%	6.31%	5.65%	6.61%
ROA	8.82%	7.72%	10.6%	7.88%	39.2%	10.1%	5.06%	6.09%	5.33%	4.76%	3.67%
ROIC	12.3%	9.45%	12.8%	8.33%	66.1%	13.1%	7.51%	6.93%	5.15%	5.44%	6.54%
Return on tangible assets	8.86%	7.75%	10.6%	7.9%	39.2%	10.1%	5.07%	6.1%	5.34%	4.77%	5.58%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	12	9.63	13.8	11.3	9.43	19.9	21.8	20.7	16.2	12.9	17
Quick ratio	7.57	5.97	8.64	6.41	6.56	10.5	11.7	12.8	8.94	7.13	11.2
Debt / equity	—	—	0	0.1	0.06	0.04	0.03	0.08	0.14	0.13	0.12
Debt / assets	—	—	0	0.08	0.05	0.04	0.03	0.07	0.12	0.11	0.1
Net debt / EBITDA	—	—	-1.63	-1.08	-0.61	-1.56	-2.44	-3.07	-2.3	-1.91	-1.93
Effective tax rate	24.1%	28.3%	17.9%	18.5%	16.6%	20.5%	25.3%	22.8%	21.7%	24.4%	24.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.74	2.97	3.35	3.55	7.64	5.19	4.88	5.16	5.19	5.69	6.01
EPS (basic)	0.19	0.18	0.26	0.23	2.01	0.51	0.26	0.35	0.35	0.34	0.34
EPS (diluted)	0.19	0.18	0.26	0.23	1.94	0.5	0.26	0.35	0.35	0.33	0.39
Book value per share	1.94	2.11	2.31	2.53	4.43	4.67	4.78	5.19	5.59	6.02	6.41
FCF per share	0.39	0.19	0.1	0.14	1.27	-0.23	0.3	0.65	0.17	0.17	0.56
Cash per share	0.6	0.61	0.52	0.52	1.73	1.23	1.28	1.72	1.67	1.64	1.85
Capex per share	0.02	0.05	0.04	0.1	0.08	0.19	0.04	0.07	0.34	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.58%	1.56%	1.3%	2.78%	1.11%	3.68%	0.79%	1.29%	6.53%	—	—
Capex / operating cash flow	3.58%	18.4%	12.8%	34.3%	6.28%	64%	19%	8.21%	85.9%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	34.3%

Yield

34.3%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.44

ex-dividend Oct 13, 1999

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 13, 1999	$0.44
Jul 13, 1999	$0.43
Apr 13, 1999	$0.42
Dec 29, 1998	$0.41
Oct 13, 1998	$0.38
Jul 8, 1998	$0.35

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$16.1M	$15.3M	$13.5M	$16.3M	$14.3M	$13.8M	$13.8M	$16.7M	$14.8M	$13.9M	$14.6M	$18.7M
YoY change	+9.04%	+24.9%	-2.3%	+1.08%	-11.2%	-9.49%	+2.52%	+2.35%	+3.75%	+0.33%	+5.52%	+12%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	10.1M	9.1M	7.3M	6.9M	23.3M	16.3M	16.3M	20.4M	18.6M	17M
Receivables	4.8M	5M	5.3M	4.3M	9M	4.8M	7M	6.5M	4.9M	6.9M
Inventory	11M	10.2M	9.9M	11.3M	16.7M	25M	24.4M	20.1M	22.7M	23.6M
Total current assets	29.7M	27M	26.5M	26.1M	55.2M	53M	52.6M	53.1M	50.6M	52.5M
Property, plant & equipment	2.3M	2.7M	2.8M	6.6M	7.4M	8.2M	7M	9.9M	16.7M	15.5M
Goodwill & intangibles	178K	152K	142K	132K	124K	116K	112K	110K	110K	110K
Total assets	35.9M	34.1M	34.3M	38.1M	68.7M	67M	64.8M	68.8M	73.7M	74.1M
Accounts payable	1M	1.2M	578K	501K	2M	528K	674K	802K	1.3M	2M
Short-term debt	—	—	—	882K	867K	883K	899K	661K	893K	965K
Total current liabilities	2.5M	2.8M	1.9M	2.3M	5.9M	2.7M	2.4M	2.6M	3.1M	4.1M
Long-term debt	—	—	0	2.3M	2.7M	1.8M	875K	4.2M	7.9M	6.9M
Total liabilities	3.3M	2.8M	2.1M	4.9M	9.1M	5.3M	4M	7.2M	11.5M	11.7M
Shareholders' equity	32.7M	31.3M	32.2M	33.2M	59.5M	61.8M	60.8M	61.6M	62.2M	62.5M
Total debt	—	—	0	3.2M	3.6M	2.7M	1.8M	4.8M	8.8M	7.9M
Net debt	—	—	-7M	-3.3M	-19.7M	-13.6M	-14.5M	-15.5M	-9.9M	-9.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	18.2M	20.4M	18.5M	16.2M	18.4M	18.6M	13.4M	14.5M	17.7M	17M	16.9M	18.9M
Receivables	8.4M	6.5M	7.5M	8.3M	5.6M	4.9M	6.7M	8.4M	5.5M	6.9M	7.9M	9.5M
Inventory	21.5M	20.1M	20.8M	20.8M	21.1M	22.7M	23.6M	22.4M	23.5M	23.6M	22M	18.6M
Total current assets	52.7M	53.1M	52.4M	52.6M	51.4M	50.6M	49.3M	50.5M	51.7M	52.5M	51.9M	54.2M
Property, plant & equipment	6.8M	9.9M	14.9M	14.5M	16.2M	16.7M	16.9M	16.6M	16.2M	15.5M	15.6M	15.5M
Goodwill & intangibles	110K	110K	110K	110K	110K	110K	110K	110K	110K	110K	110K	110K
Total assets	64.6M	68.8M	72.7M	72.7M	73.3M	73.7M	72.2M	73.2M	73.9M	74.1M	73M	75.3M
Accounts payable	320K	802K	713K	343K	934K	1.3M	887K	1.4M	1.7M	2M	934K	1.2M
Short-term debt	777K	661K	903K	868K	871K	893K	917K	941K	951K	965K	971K	1.1M
Total current liabilities	2M	2.6M	2.1M	1.9M	2.7M	3.1M	2.3M	3M	3.7M	4.1M	2.6M	3.2M
Long-term debt	474K	4.2M	8.6M	8.3M	8.1M	7.9M	7.6M	7.4M	7.2M	6.9M	6.7M	6.6M
Total liabilities	3.2M	7.2M	11.1M	10.6M	11.3M	11.5M	10.5M	10.9M	11.3M	11.7M	10M	10.4M
Shareholders' equity	61.4M	61.6M	61.6M	62M	62.1M	62.2M	61.7M	62.2M	62.5M	62.5M	63M	64.9M
Total debt	1.3M	4.8M	9.5M	9.2M	9M	8.8M	8.6M	8.3M	8.1M	7.9M	7.6M	7.6M
Net debt	-16.9M	-15.5M	-9M	-7M	-9.4M	-9.9M	-4.8M	-6.1M	-9.6M	-9.1M	-9.2M	-11.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.2M	2.6M	3.6M	3M	26.9M	6.8M	3.3M	4.2M	3.9M	3.5M
Depreciation & amortization	544K	571K	525K	602K	729K	817K	814K	925K	873K	925K
Stock-based compensation	190K	296K	432K	451K	375K	315K	147K	170K	463K	540K
Change in working capital	3.4M	609K	11K	-1.1M	-9.6M	-5.1M	-2.5M	3.9M	-1.8M	-5M
Operating cash flow	7.5M	3.7M	4.8M	3.8M	18.1M	3.9M	2.6M	9.6M	4.4M	2.4M
Capital expenditure	-267K	-685K	-606K	-1.3M	-1.1M	-2.5M	-492K	-792K	-3.8M	—
Investing cash flow	-308K	-685K	-570K	-1.1M	-862K	-2.5M	-492K	-792K	-3.8M	—
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-6.8M	-4.2M	-3.6M	-2.5M	-2.7M	-4.4M	-3.9M	-4M	-4.5M	-3.3M
Financing cash flow	-6.8M	-4.2M	-3.6M	-2.5M	-2.7M	-4.4M	-3.9M	-4M	-4.5M	-3.4M
Net change in cash	390K	-1.2M	602K	89K	14.5M	-3M	-1.8M	4.8M	-3.9M	-1M
Free cash flow	6.6M	2.8M	1.4M	1.8M	17.1M	-3M	3.8M	7.7M	1.9M	1.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.4M	1.1M	576K	1.6M	862K	847K	613K	1.2M	976K	698K	702K	1.8M
Depreciation & amortization	225K	238K	244K	245K	245K	139K	243K	11K	203K	239K	495K	23K
Stock-based compensation	24K	102K	109K	109K	109K	136K	136K	136K	136K	132K	132K	127K
Change in working capital	1.5M	3M	-1.8M	-1.6M	2.1M	-488K	-3.8M	-1.1M	1.3M	-1.4M	118K	1.3M
Operating cash flow	3.2M	4.7M	-671K	632K	3.5M	859K	-2.6M	2.1M	3.9M	318K	12K	2.2M
Capital expenditure	-97K	-305K	-83K	-133K	-2.1M	-1.4M	-135K	—	—	—	—	—
Investing cash flow	-97K	-305K	-83K	-133K	-2.1M	-1.4M	-135K	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1M	-1M	-1.4M	-1.3M	-1M	-721K	-1.2M	-830K	-624K	-713K	0	-99K
Financing cash flow	-1.1M	-1M	-1.4M	-1.3M	-1M	-728K	-1.2M	-838K	-630K	-721K	0	-99K
Net change in cash	2M	3.4M	-2.2M	-798K	330K	-1.3M	-3.9M	1.3M	3.3M	-403K	12K	2.1M
Free cash flow	3.8M	3.2M	-1.3M	-1M	3.2M	970K	-4.1M	1.9M	3.8M	51K	-105K	2.1M

Alpha Pro Tech, Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement