# Alpha Pro Tech, Ltd. (APT) · Edgar & Edgarette company card

> Alpha Pro Tech (APT) grew revenue 2.3% in FY2025 to $59 million, operating margin 6.5% against a 11.0% median for orthopedic, prosthetic & surgical appliances & supplies, equity 84.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 884269 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/APT) · [JSON](https://www.pops4.com/boards/company/APT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $59M |
| Revenue growth, 1 year | 2.3% |
| Revenue growth per year | -3.7% |
| Operating margin | 6.5% (prior year 6.0%) |
| Net margin | 6.0% |
| Operating cash flow | $2M |
| Capital spending | $639,000 |
| Free cash flow | $2M |
| Cash | $17M |
| Long-term debt | — |
| Total assets | $74M |
| Total equity | $62M |
| Equity ÷ assets | 84.3% |
| Return on equity | 5.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 12.4 (safe zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · filed auditor change in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±61%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $59.1M (FY2025). Experience: revenue up 2.3% on the year, down 3.7% a year over 4 years; operating margin 6.5%, up from 6.0%. Soundness: equity 84.3% of assets, return on equity 5.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $28.0M and $114.9M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $29.5M to $109.3M. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, orthopedic, prosthetic & surgical appliances & supplies): operating margin 6.5% against a 11.0% median; growth 2.3% against 7.5%.

Range logged 2026-09-24, receipt 9960d1a3af3d901c, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-09-16 ([filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926030517/0001437749-26-030517-index.htm))

## Recent filings

- 8-K · filed 2026-09-16 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926030517/0001437749-26-030517-index.htm)
- 10-Q · filed 2026-08-07 · [filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926026551/0001437749-26-026551-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926026101/0001437749-26-026101-index.htm)
- 8-K · filed 2026-06-15 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926020665/0001437749-26-020665-index.htm)
- 10-Q · filed 2026-05-07 · [filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926015456/0001437749-26-015456-index.htm)
- 8-K · filed 2026-05-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/884269/000143774926015366/0001437749-26-015366-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000884269.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=884269

## Cite

POPS4, Edgar & Edgarette: Alpha Pro Tech, Ltd. (APT) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/APT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.