Alpha PRO Tech vs Carlsmed
Alpha PRO Tech is the larger business, with $59.1m of revenue in fiscal 2025 against $50.5m for Carlsmed (1.2 times as much). Carlsmed grew faster (85.9% against 2.3%). Alpha PRO Tech kept more of each dollar of sales as profit: a net margin of 6.0% against -58.7%. Alpha PRO Tech carries less debt relative to equity (0.0% against 15.8%).
| Latest fiscal year | Alpha PRO TechAPT, 2025 | CarlsmedCARL, 2025 |
|---|---|---|
| Revenue | $59.1m | $50.5m |
| Revenue growth | 2.3% | 85.9% |
| Net income | $3.5m | −$29.6m |
| Operating margin | 6.5% | -60.5% |
| Net margin | 6.0% | -58.7% |
| Return on equity | 5.7% | — |
| Free cash flow | $1.7m | −$29.6m |
| Cash | $17.0m | $85.8m |
| Total debt | $0 | $15.6m |
| Debt to equity | 0.0% | 15.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $3.3m | — |
| Employees | 122 | 127 |
| Market value | $57.3m | $397m |
| Price vs our value range | Below our value range | — |
| Moat score | 71 (Strong) | — |
| Insider trades, 12 months | 0 buys, 17 sales | 0 buys, 4 sales |