Alpha Pro Tech, Ltd.(APT)Earnings, Financials & Key Ratios

APT•AMEX

$4.70

$48M mkt cap·14.2× P/E·Price updated May 6, 2026

SectorIndustrials IndustryConstruction Sub-IndustryBuilding envelope and openings

AboutAlpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through two segments, Disposable Protective Apparel and Building Supply. The Disposable Protective Apparel segment provides shoe covers, bouffant caps, coveralls, frocks, lab coats, and gowns, hoods, as well as face masks and shields. The Building Supply segment offers construction weatherization products, such as housewrap and housewrap accessories, including window and door flashing, and seam tape, and synthetic roof underlayment, as well as other woven material. The company markets its products under the Alpha Pro Tech brand name, as well as under private labels. Its products are used primarily in cleanrooms; industrial safety manufacturing environments; health care facilities, such as hospitals, laboratories, and dental offices; building and re-roofing sites. The company distributes its products through a network of purchasing groups, distributors, and independent sales representatives, as well as through its sales and marketing force. Alpha Pro Tech, Ltd. was founded in 1983 and is headquartered in Markham, Canada.Show more

Revenue$59M+2.3%
EBITDA$5M+10.2%
Net Income$4M-10.1%
EPS (Diluted)0.33-5.7%
Gross Margin38.11%-3.9%
EBITDA Margin8.06%+7.8%
Operating Margin6.49%+8.9%
Net Margin5.97%-12.1%
ROE5.66%-10.8%
ROIC5.45%+3.6%
Debt/Equity0.13-10.5%

Technical→

APT Key Insights

Alpha Pro Tech, Ltd. (APT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Share count reduced 6.1% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

✗Profits declining 33.4% over 5 years
✗Sales declining 10.5% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

APT Price & Volume

Alpha Pro Tech, Ltd. (APT) stock price & volume — 10-year historical chart

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APT Growth Metrics

Alpha Pro Tech, Ltd. (APT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.78%

5 Years-10.45%

3 Years-1.55%

TTM2.25%

Profit CAGR

10 Years12.99%

5 Years-33.37%

3 Years2.47%

TTM-10.13%

EPS CAGR

10 Years18.59%

5 Years-29.69%

3 Years8.27%

TTM-5.14%

Return on Capital

10 Years14.13%

5 Years7.35%

3 Years5.64%

Last Year5.46%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
LAKELakeland Industries, Inc.Direct Competitor	94.36M	9.63	-3.96	34.1%	-19.4%	-27.91%	0.22
CTASCintas CorporationDirect Competitor	68.24B	169.36	38.49	7.75%	17.58%	42.61%	0.57
MSAMSA Safety IncorporatedDirect Competitor	6.75B	173.97	24.54	3.69%	15.16%	22.03%	0.46
SRPTSarepta Therapeutics, Inc.Direct Competitor	2.42B	23.03	-3.23	15.58%	2.98%	4.89%	0.91
MMM3M CompanyProduct Competitor	76.43B	146.54	24.42	1.52%	11.14%	65.25%	2.73
HONHoneywell International Inc.Product Competitor	137.39B	216.82	29.46	7.85%	11.16%	23.05%	2.24
UVSPUnivest Financial CorporationProduct Competitor	1.1B	38.76	12.27	3.58%		9.82%	0.37
GMEDGlobus Medical, Inc.Product Competitor	12.07B	89.22	22.76	16.65%	18.3%	12.4%	0.03

Compare APT vs Peers

Alpha Pro Tech, Ltd. (APT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LAKE

Most directly comparable listed peer for APT.

Scale Benchmark

vs HON

Larger-name benchmark to compare APT against a more recognizable public peer.

Peer Set

Compare Top 5

vs LAKE, CTAS, MSA, SRPT

APT Income Statement

Alpha Pro Tech, Ltd. (APT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	44.02M	46.62M	46.66M	102.7M	68.64M	61.98M	61.23M	57.84M	59.14M
Revenue Growth %	-4.66%	5.9%	0.09%	120.08%	-33.17%	-9.7%	-1.21%	-5.54%	2.25%
Cost of Goods Sold	26.57M	28.91M	29.69M	52.22M	43.34M	40.3M	38.4M	34.91M	36.6M
COGS % of Revenue	60.36%	62.01%	63.63%	50.85%	63.14%	65.02%	62.72%	60.35%	61.89%
Gross Profit	17.45M▲ 0%	17.71M▲ 1.5%	16.97M▼ 4.2%	50.48M▲ 197.4%	25.3M▼ 49.9%	21.68M▼ 14.3%	22.83M▲ 5.3%	22.93M▲ 0.5%	22.54M▼ 1.7%
Gross Margin %	39.64%	37.99%	36.37%	49.15%	36.86%	34.98%	37.28%	39.65%	38.11%
Gross Profit Growth %	2.76%	1.48%	-4.17%	197.44%	-49.89%	-14.29%	5.29%	0.46%	-1.73%
Operating Expenses	14.53M	13.84M	13.95M	18.9M	17.37M	17.03M	18.7M	19.48M	18.7M
OpEx % of Revenue	32.99%	29.68%	29.89%	18.4%	25.31%	27.48%	30.53%	33.69%	31.62%
Selling, General & Admin	13.96M	13.31M	13.35M	18.17M	16.55M	16.22M	17.77M	18.61M	17.77M
SG&A % of Revenue	31.7%	28.55%	28.6%	17.69%	24.12%	26.17%	29.02%	32.18%	30.05%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	571K	525K	602K	729K	817K	814K	925K	873K	925K
Operating Income	2.93M▲ 0%	3.87M▲ 32.4%	3.02M▼ 22.0%	31.58M▲ 945.1%	7.93M▼ 74.9%	4.65M▼ 41.3%	4.13M▼ 11.1%	3.45M▼ 16.5%	3.84M▲ 11.3%
Operating Margin %	6.65%	8.31%	6.48%	30.75%	11.55%	7.5%	6.75%	5.96%	6.49%
Operating Income Growth %	-20.32%	32.4%	-21.99%	945.07%	-74.9%	-41.34%	-11.14%	-16.53%	11.31%
EBITDA	3.5M	4.4M	3.62M	32.31M	8.74M	5.46M	5.06M	4.32M	4.76M
EBITDA Margin %	7.94%	9.44%	7.77%	31.46%	12.74%	8.82%	8.26%	7.47%	8.06%
EBITDA Growth %	-17.05%	25.79%	-17.62%	791.58%	-72.94%	-37.51%	-7.45%	-14.53%	10.23%
D&A (Non-Cash Add-back)	571K	525K	602K	729K	817K	814K	925K	873K	925K
EBIT	2.93M	3.87M	3.02M	31.58M	7.93M	4.65M	4.13M	3.45M	3.84M
Net Interest Income	4K	3K	68K	18K	2K	148K	816K	912K	648K
Interest Income	4K	3K	68K	18K	2K	148K	816K	912K	648K
Interest Expense	0	0	0	0	0	0	0	0	0
Other Income/Expense	744K	540K	658K	666K	573K	-255K	1.29M	1.57M	830K
Pretax Income	3.67M▲ 0%	4.41M▲ 20.3%	3.68M▼ 16.6%	32.25M▲ 776.3%	8.5M▼ 73.6%	4.39M▼ 48.3%	5.42M▲ 23.4%	5.02M▼ 7.5%	4.67M▼ 7.0%
Pretax Margin %	8.34%	9.47%	7.89%	31.4%	12.38%	7.09%	8.86%	8.68%	7.89%
Income Tax	1.04M	789K	680K	5.36M	1.74M	1.11M	1.24M	1.09M	1.14M
Effective Tax Rate %	28.26%	17.87%	18.48%	16.62%	20.52%	25.32%	22.78%	21.73%	24.37%
Net Income	2.63M▲ 0%	3.63M▲ 37.7%	3M▼ 17.2%	26.89M▲ 796.3%	6.76M▼ 74.9%	3.28M▼ 51.4%	4.19M▲ 27.6%	3.93M▼ 6.2%	3.53M▼ 10.1%
Net Margin %	5.98%	7.78%	6.43%	26.18%	9.84%	5.3%	6.84%	6.79%	5.97%
Net Income Growth %	-16.89%	37.68%	-17.24%	796.27%	-74.87%	-51.42%	27.64%	-6.21%	-10.13%
Net Income (Continuing)	2.63M	3.63M	3M	26.89M	6.76M	3.28M	4.19M	3.93M	3.53M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.18▲ 0%	0.26▲ 44.4%	0.23▼ 11.5%	1.92▲ 734.8%	0.50▼ 74.0%	0.26▼ 48.0%	0.35▲ 34.6%	0.35▲ 0.0%	0.33▼ 5.7%
EPS Growth %	-5.26%	44.44%	-11.54%	734.78%	-73.96%	-48%	34.62%	0%	-5.71%
EPS (Basic)	0.18	0.26	0.23	2.00	0.51	0.26	0.35	0.35	0.34
Diluted Shares Outstanding	14.99M	13.96M	13.17M	13.97M	13.5M	12.78M	11.86M	11.24M	10.55M
Basic Shares Outstanding	14.83M	13.91M	13.14M	13.45M	13.23M	12.71M	11.86M	11.14M	10.44M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

APT Balance Sheet

Alpha Pro Tech, Ltd. (APT) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	26.98M	26.46M	26.07M	55.16M	53M	52.56M	53.06M	50.64M	52.52M
Cash & Short-Term Investments	9.11M	7.26M	6.88M	23.29M	16.31M	16.29M	20.38M	18.64M	16.99M
Cash Only	8.76M	7.01M	6.55M	23.29M	16.31M	16.29M	20.38M	18.64M	16.99M
Short-Term Investments	343K	258K	335K	0	0	0	0	0	0
Accounts Receivable	4.96M	5.32M	4.29M	9.04M	4.78M	6.97M	6.54M	4.89M	6.94M
Days Sales Outstanding	41.11	41.63	33.57	32.12	25.42	41.06	39.01	30.88	42.81
Inventory	10.25M	9.88M	11.3M	16.75M	24.97M	24.4M	20.13M	22.73M	23.6M
Days Inventory Outstanding	140.78	124.7	138.94	117.07	210.29	220.98	191.33	237.7	235.3
Other Current Assets	0	0	0	0	0	0	0	0	1.2M
Total Non-Current Assets	7.15M	7.79M	12.03M	13.5M	14.02M	12.24M	15.7M	23.1M	21.61M
Property, Plant & Equipment	3.16M	3.24M	7.12M	7.89M	8.71M	7.47M	10.4M	17.23M	16.01M
Fixed Asset Turnover	13.94x	14.37x	6.55x	13.02x	7.88x	8.30x	5.89x	3.36x	3.69x
Goodwill	55K	55K	55K	55K	55K	55K	55K	55K	55K
Intangible Assets	21K	16K	11K	7K	3K	1K	0	0	0
Long-Term Investments	3.89M	4.48M	4.84M	5.55M	5.25M	4.72M	5.25M	5.81M	5.55M
Other Non-Current Assets	0	-141K	0	0	0	0	0	0	0
Total Assets	34.12M▲ 0%	34.26M▲ 0.4%	38.09M▲ 11.2%	68.66M▲ 80.3%	67.02M▼ 2.4%	64.8M▼ 3.3%	68.76M▲ 6.1%	73.74M▲ 7.2%	74.13M▲ 0.5%
Asset Turnover	1.29x	1.36x	1.23x	1.50x	1.02x	0.96x	0.89x	0.78x	0.80x
Asset Growth %	-5.04%	0.38%	11.2%	80.26%	-2.39%	-3.31%	6.11%	7.24%	0.53%
Total Current Liabilities	2.8M	1.92M	2.3M	5.85M	2.66M	2.41M	2.57M	3.12M	4.06M
Accounts Payable	1.24M	578K	501K	1.98M	528K	674K	802K	1.28M	2M
Days Payables Outstanding	16.98	7.3	6.16	13.86	4.45	6.1	7.62	13.42	19.99
Short-Term Debt	0	0	0	0	0	0	0	0	965K
Deferred Revenue (Current)	0	0	0	209K	0	0	0	0	0
Other Current Liabilities	1.33M	1.07M	0	0	0	0	946K	947K	1.09M
Current Ratio	9.63x	13.78x	11.32x	9.43x	19.92x	21.85x	20.68x	16.21x	12.94x
Quick Ratio	5.97x	8.64x	6.41x	6.56x	10.53x	11.71x	12.83x	8.94x	7.13x
Cash Conversion Cycle	164.91	159.04	166.35	135.33	231.26	255.93	222.73	255.17	258.12
Total Non-Current Liabilities	0	141K	2.56M	3.28M	2.61M	1.64M	4.63M	8.38M	7.6M
Long-Term Debt	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	2.34M	2.72M	1.82M	875K	4.19M	7.88M	6.92M
Deferred Tax Liabilities	0	141K	224K	563K	791K	764K	442K	503K	679K
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0
Total Liabilities	2.8M	2.06M	4.86M	9.13M	5.27M	4.04M	7.2M	11.51M	11.65M
Total Debt	0	0	3.22M	3.59M	2.7M	1.77M	4.85M	8.78M	7.88M
Net Debt	-8.76M	-7.01M	-3.33M	-19.71M	-13.61M	-14.52M	-15.53M	-9.86M	-9.11M
Debt / Equity	-	-	0.10x	0.06x	0.04x	0.03x	0.08x	0.14x	0.13x
Debt / EBITDA	-	-	0.89x	0.11x	0.31x	0.32x	0.96x	2.03x	1.65x
Net Debt / EBITDA	-2.51x	-1.59x	-0.92x	-0.61x	-1.56x	-2.66x	-3.07x	-2.28x	-1.91x
Interest Coverage	-	-	-	-	-	-	-	-	-
Total Equity	31.32M▲ 0%	32.19M▲ 2.8%	33.23M▲ 3.2%	59.53M▲ 79.2%	61.75M▲ 3.7%	60.76M▼ 1.6%	61.57M▲ 1.3%	62.23M▲ 1.1%	62.48M▲ 0.4%
Equity Growth %	-4.11%	2.78%	3.21%	79.16%	3.73%	-1.61%	1.33%	1.08%	0.39%
Book Value per Share	2.09	2.31	2.52	4.26	4.57	4.75	5.19	5.54	5.92
Total Shareholders' Equity	31.32M	32.19M	33.23M	59.53M	61.75M	60.76M	61.57M	62.23M	62.48M
Common Stock	143K	135K	129K	135K	132K	123K	114K	108K	101K
Retained Earnings	26.22M	29.39M	32.39M	58.99M	62.49M	45.02M	46.55M	47.26M	48.5M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-458K	0	0	0	-869K	-1.49M	-1.44M	-1.5M	-1.95M
Minority Interest	0	0	0	0	0	0	0	0	0

APT Cash Flow Statement

Alpha Pro Tech, Ltd. (APT) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	4.01M	2M	3.1M	18.27M	-480K	4.28M	8.46M	5.7M	2.37M
Operating CF Margin %	9.1%	4.29%	6.65%	17.79%	-0.7%	6.9%	13.81%	9.85%	4.01%
Operating CF Growth %	-41.34%	-50.1%	55.05%	489.29%	-102.63%	991.04%	97.76%	-32.63%	-58.41%
Net Income	2.63M	3.63M	3M	26.89M	6.76M	3.28M	4.19M	3.93M	3.53M
Depreciation & Amortization	571K	525K	602K	729K	817K	814K	925K	873K	925K
Stock-Based Compensation	296K	432K	451K	375K	315K	147K	170K	463K	540K
Deferred Taxes	-378K	159K	83K	47K	228K	-27K	-322K	61K	176K
Other Non-Cash Items	-740K	-537K	114K	-1M	316K	836K	297K	240K	757K
Working Capital Changes	1.63M	-2.2M	-1.15M	-8.76M	-8.91M	-775K	3.2M	132K	-3.56M
Change in Receivables	-136K	-360K	1.03M	-4.75M	4.26M	-2.19M	428K	1.65M	-3.24M
Change in Inventory	745K	371K	-1.43M	-5.45M	-8.22M	572K	4.27M	-2.6M	-865K
Change in Payables	336K	-881K	0	0	-4.74M	-271K	398K	325K	863K
Cash from Investing	-685K	-570K	-1.14M	-862K	-2.52M	-492K	-792K	-3.78M	-639K
Capital Expenditures	-1.22M	-606K	-1.3M	-1.14M	-2.52M	-492K	-792K	-3.81M	-639K
CapEx % of Revenue	2.78%	1.3%	2.78%	1.11%	3.68%	0.79%	1.29%	6.58%	1.08%
Acquisitions	537K	0	0	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-
Other Investing	537K	36K	0	0	0	0	0	30K	0
Cash from Financing	-4.02M	-3.19M	-2.42M	-668K	-3.98M	-3.8M	-3.58M	-3.66M	-3.38M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	-4.23M	-3.58M	-2.55M	-2.67M	-4.41M	-3.88M	-4M	-4.45M	-3.35M
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-4.23M	-3.58M	-2.55M	-2.67M	-4.41M	-3.88M	-4M	-4.45M	-3.35M
Other Financing	210K	394K	130K	2M	427K	80K	424K	788K	-34K
Net Change in Cash	-693K▲ 0%	-1.76M▼ 153.4%	-459K▲ 73.9%	16.74M▲ 3747.9%	-6.99M▼ 141.7%	-17K▲ 99.8%	4.09M▲ 24147.1%	-1.74M▼ 142.6%	-1.65M▲ 5.4%
Free Cash Flow	2.79M▲ 0%	1.39M▼ 50.0%	1.8M▲ 29.5%	17.14M▲ 849.5%	-3M▼ 117.5%	3.79M▲ 226.0%	7.67M▲ 102.5%	1.89M▼ 75.3%	1.73M▼ 8.5%
FCF Margin %	6.33%	2.99%	3.87%	16.69%	-4.38%	6.11%	12.52%	3.27%	2.93%
FCF Growth %	-57.57%	-49.96%	29.48%	849.53%	-117.53%	226%	102.54%	-75.32%	-8.51%
FCF per Share	0.19	0.10	0.14	1.23	-0.22	0.30	0.65	0.17	0.16
FCF Conversion (FCF/Net Income)	1.52x	0.55x	1.03x	0.68x	-0.07x	1.30x	2.02x	1.45x	0.67x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	-1.08M	908K	633K	4.14M	1.82M	443K	1.52M	1.44M	0

APT Key Ratios

Alpha Pro Tech, Ltd. (APT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.21%	8.23%	11.41%	9.17%	57.98%	11.14%	5.36%	6.85%	6.35%	5.66%
Return on Invested Capital (ROIC)	11.1%	9.59%	12.17%	8.23%	67.95%	13.52%	7.39%	6.72%	5.26%	5.45%
Gross Margin	36.78%	39.64%	37.99%	36.37%	49.15%	36.86%	34.98%	37.28%	39.65%	38.11%
Net Margin	6.86%	5.98%	7.78%	6.43%	26.18%	9.84%	5.3%	6.84%	6.79%	5.97%
Debt / Equity	-	-	-	0.10x	0.06x	0.04x	0.03x	0.08x	0.14x	0.13x
FCF Conversion	2.16x	1.52x	0.55x	1.03x	0.68x	-0.07x	1.30x	2.02x	1.45x	0.67x
Revenue Growth	2.72%	-4.66%	5.9%	0.09%	120.08%	-33.17%	-9.7%	-1.21%	-5.54%	2.25%

APT SEC Filings & Documents

Alpha Pro Tech, Ltd. (APT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 11, 2026·SEC

Material company update

Nov 5, 2025·SEC

Material company update

Aug 8, 2025·SEC

10-K Annual Reports

FY 2026

Mar 11, 2026·SEC

FY 2025

Mar 12, 2025·SEC

FY 2024

Mar 13, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

APT Frequently Asked Questions

Alpha Pro Tech, Ltd. (APT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Alpha Pro Tech, Ltd. (APT) reported $59.1M in revenue for fiscal year 2025. This represents a 298% increase from $14.9M in 1996.

Alpha Pro Tech, Ltd. (APT) grew revenue by 2.3% over the past year. Growth has been modest.

Yes, Alpha Pro Tech, Ltd. (APT) is profitable, generating $3.5M in net income for fiscal year 2025 (6.0% net margin).

Dividend & Returns

Alpha Pro Tech, Ltd. (APT) has a return on equity (ROE) of 5.7%. This is below average, suggesting room for improvement.

Alpha Pro Tech, Ltd. (APT) generated $1.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Alpha Pro Tech, Ltd.(APT)Earnings, Financials & Key Ratios

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