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Alpha Pro Tech (APT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 7, 2026 · Alpha Pro Tech (APT) Q2 2026 earnings results →
Q2 2026 Revenue up 12% year over year to $18.7M · 10¢ of every $1 of revenue kept as net profit · operating margin 10.8%
Alpha Pro Tech made $18.7M in Q2 2026 (+12% Y/Y). Operating margin 10.8%, net earnings $1.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 7, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $18.7M in Q2 2026, up 12% year over year and up 28% from the previous quarter.
Gross margin was 37.4%, up 0.6 points from Q2 2025. Operating profit was $2.0M, a 10.8% margin (up 2.8 points year over year). Of the extra revenue versus Q2 2025, 34% reached operating profit, above the 8% margin then. Operating expenses grew 4% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $1.8M, up 47% year over year. The effective tax rate was 23.4%.
Operating cash flow was $2.2M (up 6% year over year), 121% of net earnings. Non-cash charges added back $268K of depreciation and amortization and $127K of share-based compensation. Capital expenditures of $142K left free cash flow of $2.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 7, 2026 | $18.7M | +12% | 10.8% | $1.8M | $2.2M |
| Q1 2026 | 10-Q | May 7, 2026 | $14.6M | +6% | 4.0% | $702K | $12K |
| Q4 2025 | 10-K | Mar 11, 2026 | $13.9M | +0.3% | 6.9% | $698K | $318K |
| Q3 2025 | 10-Q | Nov 6, 2025 | $14.8M | +4% | 7.4% | $976K | $3.9M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $16.7M | +2% | 8.0% | $1.2M | $2.1M |
| Q1 2025 | 10-Q | May 8, 2025 | $13.8M | +2% | 3.3% | $613K | −$4.0M |
| Q4 2024 | 10-K | Mar 12, 2025 | $13.8M | -10% | 4.9% | $847K | $2.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Alpha Pro Tech
ALPHA PRO TECH, LTD. (“Alpha Pro Tech,” the “Company,” “we,” “our” or “us”) is the parent company of Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. The Company was incorporated in the State of Delaware on July 1, 1994, as a successor to a business that was organized in 1983. Our executive offices are located at 53 Wellington Street East, Aurora, Ontario, Canada L4G 1H6, and our telephone number is (905) 479-0654. Our website is located at www.alphaprotech.com. The Company continued to qualify as a smaller reporting company at the measurement date for determining such qualification during 2025.
In its own words, from its 10-K, filed Mar 11, 2026.
Alpha Pro Tech against its Orthopedic, Prosthetic & Surgical Appliances & Supplies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +10%. Operating margin: 10.8% against the peers' median 16.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| APT Alpha Pro Tech | Q2 2026 | $18.7M | +12% | 10.8% |
| ISRG Intuitive Surgical | Q3 2026 | $3.0B | +22% | 19.4% |
| ZBH Zimmer Biomet Holdings | Q3 2026 | $2.1B | +3% | 14.9% |
| EW Edwards Lifesciences | Q3 2026 | $1.7B | +10% | 17.4% |
| STE Steris | Q2 FY27 | $1.6B | +9% | 18.5% |
| ALGN Align Technology | Q3 2026 | $1.0B | +2% | 16.7% |
| ENOV Enovis | Q3 2026 | $559M | +2% | 0.6% |
| MSA MSA Safety | Q3 2026 | $536M | +14% | 16.4% |
| CDRE Cadre Holdings | Q3 2026 | $203M | +30% | 14.0% |
Source: Alpha Pro Tech 10-Q on SEC EDGAR · CIK 884269 · Orthopedic, Prosthetic & Surgical Appliances & Supplies
13F: who owns APT and who is buying
More on APT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results