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Side-by-side financial comparison of Alphatec Holdings, Inc. (ATEC) and BUCKLE INC (BKE). Click either name above to swap in a different company.

BUCKLE INC is the larger business by last-quarter revenue ($320.8M vs $212.9M, roughly 1.5× Alphatec Holdings, Inc.). BUCKLE INC runs the higher net margin — 15.2% vs -10.2%, a 25.4% gap on every dollar of revenue. On growth, Alphatec Holdings, Inc. posted the faster year-over-year revenue change (20.4% vs 9.3%). BUCKLE INC produced more free cash flow last quarter ($38.4M vs $7.7M).

Alphatec Holdings, Inc. is a global medical technology company specializing in spinal surgery solutions. It designs, develops and markets spinal implants, surgical instruments and digital surgery platforms for orthopedic and neurosurgical procedures, serving providers across North America, Europe and core Asia-Pacific markets, addressing degeneration, deformity and trauma spinal pathologies.

The Buckle, Inc., is an American fashion retailer selling clothing, footwear, and accessories for men, women, and children. The company operates 451 stores in 42 states throughout the United States of America, under the names Buckle and The Buckle. Buckle markets brand name and private label apparel, including denim, other casual bottoms, tops and shirts, dresses and rompers, sportswear and athleisure, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other ...

ATEC vs BKE — Head-to-Head

Bigger by revenue
BKE
BKE
1.5× larger
BKE
$320.8M
$212.9M
ATEC
Growing faster (revenue YoY)
ATEC
ATEC
+11.2% gap
ATEC
20.4%
9.3%
BKE
Higher net margin
BKE
BKE
25.4% more per $
BKE
15.2%
-10.2%
ATEC
More free cash flow
BKE
BKE
$30.7M more FCF
BKE
$38.4M
$7.7M
ATEC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ATEC
ATEC
BKE
BKE
Revenue
$212.9M
$320.8M
Net Profit
$-21.7M
$48.7M
Gross Margin
70.2%
48.0%
Operating Margin
-4.1%
19.0%
Net Margin
-10.2%
15.2%
Revenue YoY
20.4%
9.3%
Net Profit YoY
34.8%
10.3%
EPS (diluted)
$-0.15
$0.96

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATEC
ATEC
BKE
BKE
Q4 25
$212.9M
$320.8M
Q3 25
$196.5M
$305.7M
Q2 25
$185.5M
$272.1M
Q1 25
$169.2M
$379.2M
Q4 24
$176.8M
Q3 24
$150.7M
Q2 24
$145.6M
Q1 24
$138.5M
Net Profit
ATEC
ATEC
BKE
BKE
Q4 25
$-21.7M
$48.7M
Q3 25
$-28.6M
$45.0M
Q2 25
$-41.1M
$35.2M
Q1 25
$-51.9M
$77.2M
Q4 24
$-33.3M
Q3 24
$-39.6M
Q2 24
$-40.7M
Q1 24
$-48.5M
Gross Margin
ATEC
ATEC
BKE
BKE
Q4 25
70.2%
48.0%
Q3 25
69.9%
47.4%
Q2 25
69.6%
46.7%
Q1 25
68.6%
52.6%
Q4 24
68.8%
Q3 24
68.2%
Q2 24
70.5%
Q1 24
70.3%
Operating Margin
ATEC
ATEC
BKE
BKE
Q4 25
-4.1%
19.0%
Q3 25
-8.1%
18.4%
Q2 25
-7.1%
16.0%
Q1 25
-26.2%
25.4%
Q4 24
-13.5%
Q3 24
-22.4%
Q2 24
-24.3%
Q1 24
-31.3%
Net Margin
ATEC
ATEC
BKE
BKE
Q4 25
-10.2%
15.2%
Q3 25
-14.5%
14.7%
Q2 25
-22.2%
12.9%
Q1 25
-30.7%
20.4%
Q4 24
-18.9%
Q3 24
-26.3%
Q2 24
-27.9%
Q1 24
-35.0%
EPS (diluted)
ATEC
ATEC
BKE
BKE
Q4 25
$-0.15
$0.96
Q3 25
$-0.19
$0.89
Q2 25
$-0.27
$0.70
Q1 25
$-0.35
$1.54
Q4 24
$-0.22
Q3 24
$-0.28
Q2 24
$-0.29
Q1 24
$-0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATEC
ATEC
BKE
BKE
Cash + ST InvestmentsLiquidity on hand
$160.8M
$24.0M
Total DebtLower is stronger
$565.9M
Stockholders' EquityBook value
$12.4M
$510.7M
Total Assets
$791.2M
$1.1B
Debt / EquityLower = less leverage
45.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
BKE
BKE
Q4 25
$160.8M
$24.0M
Q3 25
$155.7M
$22.1M
Q2 25
$157.1M
$22.9M
Q1 25
$153.2M
$23.8M
Q4 24
$138.8M
Q3 24
$81.0M
Q2 24
$99.8M
Q1 24
$144.1M
Total Debt
ATEC
ATEC
BKE
BKE
Q4 25
$565.9M
Q3 25
$559.7M
Q2 25
$553.9M
Q1 25
$548.4M
Q4 24
$576.2M
Q3 24
$527.7M
Q2 24
$519.2M
Q1 24
$514.4M
Stockholders' Equity
ATEC
ATEC
BKE
BKE
Q4 25
$12.4M
$510.7M
Q3 25
$11.5M
$476.2M
Q2 25
$23.8M
$445.3M
Q1 25
$-85.9M
$423.8M
Q4 24
$-14.2M
Q3 24
$-1.4M
Q2 24
$17.1M
Q1 24
$37.6M
Total Assets
ATEC
ATEC
BKE
BKE
Q4 25
$791.2M
$1.1B
Q3 25
$787.2M
$1.0B
Q2 25
$790.3M
$977.3M
Q1 25
$785.5M
$913.2M
Q4 24
$775.7M
Q3 24
$745.9M
Q2 24
$768.6M
Q1 24
$774.6M
Debt / Equity
ATEC
ATEC
BKE
BKE
Q4 25
45.54×
Q3 25
48.64×
Q2 25
23.30×
Q1 25
Q4 24
Q3 24
Q2 24
30.34×
Q1 24
13.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATEC
ATEC
BKE
BKE
Operating Cash FlowLast quarter
$20.7M
$49.4M
Free Cash FlowOCF − Capex
$7.7M
$38.4M
FCF MarginFCF / Revenue
3.6%
12.0%
Capex IntensityCapex / Revenue
6.1%
3.4%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters
$2.8M
$215.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
BKE
BKE
Q4 25
$20.7M
$49.4M
Q3 25
$14.0M
$58.4M
Q2 25
$15.5M
$31.0M
Q1 25
$-5.0M
$120.8M
Q4 24
$10.5M
Q3 24
$-5.3M
Q2 24
$-11.4M
Q1 24
$-38.4M
Free Cash Flow
ATEC
ATEC
BKE
BKE
Q4 25
$7.7M
$38.4M
Q3 25
$4.8M
$46.4M
Q2 25
$5.2M
$19.6M
Q1 25
$-15.0M
$111.0M
Q4 24
$8.5M
Q3 24
$-21.2M
Q2 24
$-45.5M
Q1 24
$-69.8M
FCF Margin
ATEC
ATEC
BKE
BKE
Q4 25
3.6%
12.0%
Q3 25
2.4%
15.2%
Q2 25
2.8%
7.2%
Q1 25
-8.9%
29.3%
Q4 24
4.8%
Q3 24
-14.1%
Q2 24
-31.3%
Q1 24
-50.4%
Capex Intensity
ATEC
ATEC
BKE
BKE
Q4 25
6.1%
3.4%
Q3 25
4.7%
3.9%
Q2 25
5.6%
4.2%
Q1 25
5.9%
2.6%
Q4 24
1.1%
Q3 24
10.5%
Q2 24
23.4%
Q1 24
22.6%
Cash Conversion
ATEC
ATEC
BKE
BKE
Q4 25
1.02×
Q3 25
1.30×
Q2 25
0.88×
Q1 25
1.56×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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