APT
Alpha Pro Tech, Ltd.
APT has the edge over RDW overall, supported by lower modeled downside and stronger fundamentals.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
APT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
APT's revenue, profitability, cash flow and balance sheet are all currently healthy.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
APT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.7x | $6.25 | — |
| Cheap | 8.4x | $4.18 | -33% |
| Current | 13x | $6.25 | — |
| Fair | 15x | $7.26 | +16% |
| Expensive | 17x | $8.65 | +38% |
Historical ranges are pointers, not guarantees.
APT's PE is in its cheap range at 13x. If earnings grow as analysts expect, today's price would be 4.7x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
APT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for APT, with profitability holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over APT on the outlook, with more favorable profitability expectations.
APT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +164% |
| Q3 2026 | $0.50 | +47% |
| Q2 2026 | $0.40 | +21% |
| Q1 2026 | $0.34 | -5.6% |
| Q4 2025 | $0.33 | -5.7% |
| Q3 2025 | $0.34 | -5.6% |
| Q2 2025 | $0.33 | -18% |
| Q1 2025 | $0.36 | +2.9% |
| Q4 2024 | $0.35 | 0% |
APT has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
APT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.6M | +12% |
| Q2 2026 | $18.7M | +12% |
| Q1 2026 | $14.6M | +5.5% |
| Q4 2025 | $13.9M | +0.3% |
| Q3 2025 | $14.8M | +3.7% |
| Q2 2025 | $16.7M | +2.4% |
| Q1 2025 | $13.8M | +2.5% |
| Q4 2024 | $13.8M | -9.5% |
APT's revenue is recovering but still below its 2020 peak: $17M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +4.4 points |
| Q2 2026 | 11% | +2.8 points |
| Q1 2026 | 4% | +0.7 points |
| Q4 2025 | 6.9% | +2 points |
| Q3 2025 | 7.4% | +2.3 points |
| Q2 2025 | 8% | -2.5 points |
| Q1 2025 | 3.3% | +0.9 points |
| Q4 2024 | 4.9% | -1.5 points |
APT has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
APT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7M | +84% |
| Q2 2026 | $2.1M | +6.2% |
| Q1 2026 | -$105K | +$4M |
| Q4 2025 | $51K | -95% |
| Q3 2025 | $3.8M | +20% |
| Q2 2025 | $2M | +$3M |
| Q1 2025 | -$4.1M | -$2.8M |
| Q4 2024 | $970K | -70% |
APT has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
APT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +24.1K shares |
| 1 year | -1.1% | -113K shares |
| 3 years | -12% | -1.4M shares |
| 5 years | -23% | -3M shares |
| Available history | -21% | -2.8M shares |
APT has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $384,000 |
| Q2 2026 | $99,000 |
| Q1 2026 | — |
| Q4 2025 | $713,000 |
| Q3 2025 | $624,000 |
| Q2 2025 | $830,000 |
| Q1 2025 | $1.2M |
| Q4 2024 | $721,000 |
APT spent $1M buying back its own shares over the past year, down 64% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
APT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.9x | Net Cash |
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -3.5x | Net Cash |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -4.0x | Net Cash |
| Q2 2025 | -3.6x | Net Cash |
| Q1 2025 | -3.0x | Net Cash |
| Q4 2024 | -4.3x | Net Cash |
APT has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
APT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 56.0 | Neutral |
APT's weekly RSI is 64 (neutral) and its Stochastic is 56 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
APT PE vs Industrials Sector
| Metric | APT | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 24x | 48% below |
| PE % | 23 | 58 | 35 pts below |
APT is trading at 13x earnings, a 48% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
APT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.53 | 13% above |
| 20 week MA | $5.34 | 17% above |
| 50 week MA | $5.12 | 22% above |
| 100 week MA | $4.99 | 25% above |
| 200 week MA | $4.95 | 26% above |
APT has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
APT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.51 | $12.3 | +249% |
| 2021 | $12.3 | $5.84 | -52% |
| 2022 | $5.84 | $4.01 | -31% |
| 2023 | $4.01 | $5.29 | +32% |
| 2024 | $5.29 | $5.25 | -0.8% |
| 2025 | $5.25 | $4.50 | -14% |
| 2026 YTD | $4.50 | $6.25 | +39% |
APT has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.