NYSEAMERICAN : APT
Alpha Pro Tech, Ltd. — Financial statements
Industrials · Building Products & Equipment · Canada
Last price 5.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 55.11M
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Financial statements
Alpha Pro Tech, Ltd. (APT) reported revenue of 61.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 61.91M | 59.14M | 57.84M | 61.23M | 61.98M | 68.64M |
| Cost of Revenue | 38.69M | 36.60M | 34.91M | 38.40M | 40.30M | 43.34M |
| Gross Profit | 23.21M | 22.54M | 22.93M | 22.83M | 21.68M | 25.30M |
| Selling, General & Admin | 17.89M | 17.77M | 18.61M | 17.77M | 16.22M | 16.55M |
| Operating Expenses | 18.85M | 18.70M | 19.48M | 18.70M | 17.03M | 17.37M |
| Operating Income | 4.36M | 3.84M | 3.45M | 4.13M | 4.65M | 7.93M |
| Interest & Investment Income | 646.00K | 648.00K | 912.00K | 816.00K | 148.00K | 2.00K |
| Earnings From Equity Investments | 268.00K | 182.00K | 629.00K | 477.00K | 87.00K | 571.00K |
| EBT Excluding Unusual Items | 5.28M | 4.67M | 4.99M | 5.42M | 4.88M | 8.50M |
| Gain (Loss) on Sale of Assets | 30.00K | |||||
| Other Unusual Items | -15.00K | -490.00K | ||||
| Pretax Income | 5.55M | 4.67M | 5.02M | 5.42M | 4.39M | 8.50M |
| Income Tax Expense | 1.35M | 1.14M | 1.09M | 1.24M | 1.11M | 1.74M |
| Net Income | 4.20M | 3.53M | 3.93M | 4.19M | 3.28M | 6.76M |
| Net Income to Common | 4.20M | 3.53M | 3.93M | 4.19M | 3.28M | 6.76M |
| Shares Outstanding (Basic) | 10.30M | 10.44M | 11.14M | 11.86M | 12.71M | 13.23M |
| Shares Outstanding (Diluted) | 10.46M | 10.55M | 11.24M | 11.86M | 12.78M | 13.50M |
| EPS (Basic) | 0.41 | 0.34 | 0.35 | 0.35 | 0.26 | 0.51 |
| EPS (Diluted) | 0.39 | 0.33 | 0.35 | 0.35 | 0.26 | 0.50 |
| Free Cash Flow | 5.84M | 1.73M | 1.89M | 7.67M | 3.79M | -3.00M |
| Free Cash Flow Per Share | 0.56 | 0.16 | 0.17 | 0.65 | 0.30 | -0.22 |
| Gross Margin | 37.50% | 38.11% | 39.65% | 37.28% | 34.98% | 36.86% |
| Operating Margin | 7.05% | 6.49% | 5.96% | 6.75% | 7.50% | 11.55% |
| Profit Margin | 6.79% | 5.97% | 6.79% | 6.84% | 5.29% | 9.84% |
| Free Cash Flow Margin | 9.44% | 2.93% | 3.27% | 12.52% | 6.11% | -4.38% |
| EBITDA | 5.32M | 4.76M | 4.32M | 5.06M | 5.47M | 8.74M |
| EBITDA Margin | 8.60% | 8.05% | 7.47% | 8.26% | 8.82% | 12.74% |
| D&A For EBITDA | 960.00K | 925.00K | 873.00K | 926.00K | 816.00K | 817.00K |
| EBIT | 4.36M | 3.84M | 3.45M | 4.13M | 4.65M | 7.93M |
| EBIT Margin | 7.05% | 6.49% | 5.96% | 6.75% | 7.50% | 11.55% |
| Effective Tax Rate | 24.36% | 24.37% | 21.73% | 22.78% | 25.32% | 20.52% |
| Advertising Expenses | 48.00K | 65.00K | 60.00K | 102.00K | 27.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.90M | 16.99M | 18.64M | 20.38M | 16.29M | 16.31M |
| Cash & Short-Term Investments | 18.90M | 16.99M | 18.64M | 20.38M | 16.29M | 16.31M |
| Receivables | 11.13M | 8.14M | 4.89M | 6.54M | 6.97M | 4.78M |
| Inventory | 18.65M | 23.60M | 22.73M | 20.13M | 24.40M | 24.97M |
| Prepaid Expenses | 5.51M | 3.80M | 4.38M | 6.01M | 4.90M | 6.94M |
| Total Current Assets | 54.19M | 52.52M | 50.64M | 53.06M | 52.56M | 53.00M |
| Property, Plant & Equipment | 15.48M | 16.01M | 17.23M | 10.40M | 7.47M | 8.71M |
| Long-Term Investments | 5.62M | 5.55M | 5.81M | 5.25M | 4.72M | 5.25M |
| Goodwill | 55.00K | 55.00K | 55.00K | 55.00K | 55.00K | 55.00K |
| Other Intangible Assets | 1.00K | 3.00K | ||||
| Total Assets | 75.35M | 74.13M | 73.74M | 68.76M | 64.80M | 67.02M |
| Accounts Payable | 1.23M | 2.00M | 1.28M | 802.00K | 674.00K | 528.00K |
| Accrued Expenses | 894.00K | 1.09M | 947.00K | 1.10M | 833.00K | 1.25M |
| Current Portion of Leases | 1.05M | 965.00K | 893.00K | 661.00K | 899.00K | 883.00K |
| Total Current Liabilities | 3.18M | 4.06M | 3.12M | 2.57M | 2.41M | 2.66M |
| Long-Term Leases | 6.57M | 6.92M | 7.88M | 4.19M | 875.00K | 1.82M |
| Long-Term Deferred Tax Liabilities | 679.00K | 679.00K | 503.00K | 442.00K | 764.00K | 791.00K |
| Total Liabilities | 10.43M | 11.65M | 11.51M | 7.20M | 4.04M | 5.27M |
| Common Stock | 101.00K | 101.00K | 108.00K | 114.00K | 123.00K | 132.00K |
| Additional Paid-In Capital | 16.10M | 15.83M | 16.37M | 16.34M | 17.10M | |
| Retained Earnings | 50.96M | 48.50M | 47.26M | 46.55M | 45.02M | 62.49M |
| Comprehensive Income & Other | -2.24M | -1.95M | -1.50M | -1.44M | -1.49M | -869.00K |
| Shareholders' Equity | 64.92M | 62.48M | 62.23M | 61.57M | 60.76M | 61.75M |
| Total Liabilities & Equity | 75.35M | 74.13M | 73.74M | 68.76M | 64.80M | 67.02M |
| Total Debt | 7.62M | 7.88M | 8.78M | 4.85M | 1.77M | 2.70M |
| Net Cash (Debt) | 11.28M | 9.11M | 9.86M | 15.53M | 14.52M | 13.61M |
| Net Cash Per Share | 1.08 | 0.86 | 0.88 | 1.31 | 1.14 | 1.01 |
| Filing Date Shares Outstanding | 10.21M | 10.13M | 10.87M | 11.46M | 12.26M | 13.14M |
| Total Common Shares Outstanding | 10.12M | 10.13M | 10.82M | 11.42M | 12.23M | 13.12M |
| Working Capital | 51.01M | 48.46M | 47.52M | 50.50M | 50.16M | 50.34M |
| Book Value Per Share | 6.41 | 6.17 | 5.75 | 5.39 | 4.97 | 4.71 |
| Tangible Book Value | 64.86M | 62.42M | 62.18M | 61.51M | 60.70M | 61.69M |
| Tangible Book Value Per Share | 6.41 | 6.16 | 5.75 | 5.39 | 4.96 | 4.70 |
| Buildings | 493.00K | 493.00K | 493.00K | 493.00K | 493.00K | |
| Machinery | 19.99M | 19.66M | 18.00M | 17.34M | 17.45M | |
| Leasehold Improvements | 827.00K | 690.00K | 658.00K | 606.00K | 553.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.20M | 3.53M | 3.93M | 4.19M | 3.28M | 6.76M |
| Depreciation & Amortization | 992.00K | 925.00K | 873.00K | 926.00K | 816.00K | 817.00K |
| Loss (Gain) From Sale of Assets | -30.00K | |||||
| Loss (Gain) on Equity Investments | -268.00K | -182.00K | -629.00K | -477.00K | -87.00K | -571.00K |
| Stock-Based Compensation | 527.00K | 540.00K | 463.00K | 170.00K | 147.00K | 315.00K |
| Other Operating Activities | 1.11M | 1.11M | 960.00K | 451.00K | 894.00K | 1.11M |
| Change in Accounts Receivable | -1.35M | -3.24M | 1.65M | 428.00K | -2.19M | 4.26M |
| Change in Inventory | 3.71M | -865.00K | -2.60M | 4.27M | 572.00K | -8.22M |
| Change in Accounts Payable | 54.00K | 863.00K | 325.00K | 398.00K | -271.00K | -3.00M |
| Change in Unearned Revenue | -209.00K | |||||
| Change in Other Net Operating Assets | -2.51M | -313.00K | 758.00K | -1.89M | 1.12M | -1.74M |
| Operating Cash Flow | 6.47M | 2.37M | 5.70M | 8.46M | 4.28M | -480.00K |
| Capital Expenditures | -625.00K | -639.00K | -3.81M | -792.00K | -492.00K | -2.52M |
| Sale of Property, Plant & Equipment | 30.00K | |||||
| Investing Cash Flow | -625.00K | -639.00K | -3.78M | -792.00K | -492.00K | -2.52M |
| Issuance of Common Stock | 46.00K | 832.00K | 464.00K | 80.00K | 427.00K | |
| Repurchase of Common Stock | -1.45M | -3.38M | -4.50M | -4.04M | -3.88M | -4.41M |
| Financing Cash Flow | -1.40M | -3.38M | -3.66M | -3.58M | -3.80M | -3.98M |
| Net Cash Flow | 4.44M | -1.65M | -1.74M | 4.09M | -17.00K | -6.99M |
| Free Cash Flow | 5.84M | 1.73M | 1.89M | 7.67M | 3.79M | -3.00M |
| Free Cash Flow Margin | 9.44% | 2.93% | 3.27% | 12.52% | 6.11% | -4.38% |
| Free Cash Flow Per Share | 0.56 | 0.16 | 0.17 | 0.65 | 0.30 | -0.22 |
| Levered Free Cash Flow | 4.46M | 559.38K | 693.62K | 6.87M | 3.53M | -4.46M |
| Unlevered Free Cash Flow | 4.46M | 559.38K | 693.62K | 6.87M | 3.53M | -4.46M |
| Cash Income Tax Paid | 890.00K | 890.00K | 1.44M | 1.52M | 443.00K | 1.82M |
| Change in Working Capital | -102.00K | -3.56M | 132.00K | 3.20M | -775.00K | -8.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 59.20M | 46.00M | 58.18M | 61.61M | 50.31M | 79.00M |
| Enterprise Value | 47.92M | 36.45M | 48.77M | 44.70M | 36.80M | 64.29M |
| Last Close Price | 5.52 | 4.44 | 5.29 | 5.29 | 4.02 | 5.97 |
| PE Ratio | 14.91 | 13.03 | 14.81 | 14.71 | 15.33 | 11.69 |
| Forward PE | 6.51 | 6.51 | 6.51 | 6.51 | 6.51 | |
| PS Ratio | 0.91 | 0.78 | 1.01 | 1.01 | 0.81 | 1.15 |
| PB Ratio | 0.86 | 0.74 | 0.94 | 1.00 | 0.83 | 1.28 |
| P/TBV Ratio | 0.87 | 0.74 | 0.94 | 1.00 | 0.83 | 1.28 |
| P/FCF Ratio | 9.65 | 26.57 | 30.75 | 8.04 | 13.29 | |
| P/OCF Ratio | 8.71 | 19.41 | 10.21 | 7.29 | 11.76 | |
| EV/Sales Ratio | 0.73 | 0.62 | 0.84 | 0.73 | 0.59 | 0.94 |
| EV/EBITDA Ratio | 8.47 | 7.65 | 11.29 | 8.84 | 6.73 | 7.35 |
| EV/EBIT Ratio | 10.33 | 9.49 | 14.14 | 10.82 | 7.92 | 8.11 |
| EV/FCF Ratio | 7.71 | 21.05 | 25.78 | 5.83 | 9.72 | |
| Debt / Equity Ratio | 0.12 | 0.13 | 0.14 | 0.08 | 0.03 | 0.04 |
| Debt / EBITDA Ratio | 1.12 | 1.26 | 1.47 | 0.76 | 0.26 | 0.27 |
| Debt / FCF Ratio | 1.30 | 4.55 | 4.64 | 0.63 | 0.47 | |
| Net Debt / Equity Ratio | -0.17 | -0.15 | -0.16 | -0.25 | -0.24 | -0.22 |
| Net Debt / EBITDA Ratio | -2.12 | -1.91 | -2.28 | -3.07 | -2.66 | -1.56 |
| Net Debt / FCF Ratio | -1.93 | -5.26 | -5.21 | -2.03 | -3.83 | 4.53 |
| Asset Turnover | 0.83 | 0.80 | 0.81 | 0.92 | 0.94 | 1.01 |
| Inventory Turnover | 1.89 | 1.58 | 1.63 | 1.73 | 1.63 | 2.08 |
| Quick Ratio | 9.45 | 6.19 | 7.53 | 10.49 | 9.67 | 7.92 |
| Current Ratio | 17.04 | 12.94 | 16.21 | 20.68 | 21.85 | 19.92 |
| Return on Equity (ROE) | 6.61% | 5.66% | 6.35% | 6.85% | 5.36% | 11.14% |
| Return on Assets (ROA) | 3.67% | 3.25% | 3.02% | 3.87% | 4.41% | 7.30% |
| Return on Invested Capital (ROIC) | 6.14% | 5.49% | 5.49% | 6.92% | 7.36% | 14.32% |
| Return on Capital Employed (ROCE) | 6.00% | 5.50% | 4.90% | 6.20% | 7.50% | 12.30% |
| Earnings Yield | 6.71% | 7.68% | 6.75% | 6.80% | 6.52% | 8.55% |
| FCF Yield | 10.37% | 3.76% | 3.25% | 12.44% | 7.52% | -3.80% |
| Buyback Yield / Dilution | 3.19% | 6.09% | 5.24% | 7.23% | 5.32% | 3.38% |