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Side-by-side financial comparison of Alphatec Holdings, Inc. (ATEC) and FB Financial Corp (FBK). Click either name above to swap in a different company.

Alphatec Holdings, Inc. is the larger business by last-quarter revenue ($212.9M vs $178.6M, roughly 1.2× FB Financial Corp). FB Financial Corp runs the higher net margin — 31.9% vs -10.2%, a 42.1% gap on every dollar of revenue. On growth, FB Financial Corp posted the faster year-over-year revenue change (37.0% vs 20.4%). FB Financial Corp produced more free cash flow last quarter ($147.0M vs $7.7M). Over the past eight quarters, FB Financial Corp's revenue compounded faster (28.9% CAGR vs 24.0%).

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.

Fubon Financial Holding Co., Ltd. is a financial investment holding company consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, Fubon Bank, Fubon Life, Fubon Bank (China) and Fubon Bank Limited. The holding company was setup on 19 December 2001.

ATEC vs FBK — Head-to-Head

Bigger by revenue
ATEC
ATEC
1.2× larger
ATEC
$212.9M
$178.6M
FBK
Growing faster (revenue YoY)
FBK
FBK
+16.5% gap
FBK
37.0%
20.4%
ATEC
Higher net margin
FBK
FBK
42.1% more per $
FBK
31.9%
-10.2%
ATEC
More free cash flow
FBK
FBK
$139.3M more FCF
FBK
$147.0M
$7.7M
ATEC
Faster 2-yr revenue CAGR
FBK
FBK
Annualised
FBK
28.9%
24.0%
ATEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATEC
ATEC
FBK
FBK
Revenue
$212.9M
$178.6M
Net Profit
$-21.7M
$57.0M
Gross Margin
70.2%
Operating Margin
-4.1%
39.1%
Net Margin
-10.2%
31.9%
Revenue YoY
20.4%
37.0%
Net Profit YoY
34.8%
50.4%
EPS (diluted)
$-0.15
$1.12

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
FBK
FBK
Q4 25
$212.9M
$178.6M
Q3 25
$196.5M
$173.9M
Q2 25
$185.5M
$76.9M
Q1 25
$169.2M
$130.7M
Q4 24
$176.8M
$130.4M
Q3 24
$150.7M
$89.5M
Q2 24
$145.6M
$128.2M
Q1 24
$138.5M
$107.5M
Net Profit
ATEC
ATEC
FBK
FBK
Q4 25
$-21.7M
$57.0M
Q3 25
$-28.6M
$23.4M
Q2 25
$-41.1M
$2.9M
Q1 25
$-51.9M
$39.4M
Q4 24
$-33.3M
$37.9M
Q3 24
$-39.6M
$10.2M
Q2 24
$-40.7M
$40.0M
Q1 24
$-48.5M
$27.9M
Gross Margin
ATEC
ATEC
FBK
FBK
Q4 25
70.2%
Q3 25
69.9%
Q2 25
69.6%
Q1 25
68.6%
Q4 24
68.8%
Q3 24
68.2%
Q2 24
70.5%
Q1 24
70.3%
Operating Margin
ATEC
ATEC
FBK
FBK
Q4 25
-4.1%
39.1%
Q3 25
-8.1%
17.0%
Q2 25
-7.1%
-12.7%
Q1 25
-26.2%
37.4%
Q4 24
-13.5%
38.4%
Q3 24
-22.4%
12.7%
Q2 24
-24.3%
39.7%
Q1 24
-31.3%
31.9%
Net Margin
ATEC
ATEC
FBK
FBK
Q4 25
-10.2%
31.9%
Q3 25
-14.5%
13.4%
Q2 25
-22.2%
3.8%
Q1 25
-30.7%
30.1%
Q4 24
-18.9%
29.1%
Q3 24
-26.3%
11.4%
Q2 24
-27.9%
31.2%
Q1 24
-35.0%
26.0%
EPS (diluted)
ATEC
ATEC
FBK
FBK
Q4 25
$-0.15
$1.12
Q3 25
$-0.19
$0.43
Q2 25
$-0.27
$0.06
Q1 25
$-0.35
$0.84
Q4 24
$-0.22
$0.82
Q3 24
$-0.28
$0.22
Q2 24
$-0.29
$0.85
Q1 24
$-0.34
$0.59

Balance Sheet & Financial Strength

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

Metric
ATEC
ATEC
FBK
FBK
Cash + ST InvestmentsLiquidity on hand
$160.8M
$1.2B
Total DebtLower is stronger
$565.9M
$212.8M
Stockholders' EquityBook value
$12.4M
$1.9B
Total Assets
$791.2M
$16.3B
Debt / EquityLower = less leverage
45.54×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
FBK
FBK
Q4 25
$160.8M
$1.2B
Q3 25
$155.7M
$1.3B
Q2 25
$157.1M
$1.2B
Q1 25
$153.2M
$794.7M
Q4 24
$138.8M
$1.0B
Q3 24
$81.0M
$951.8M
Q2 24
$99.8M
$800.9M
Q1 24
$144.1M
$870.7M
Total Debt
ATEC
ATEC
FBK
FBK
Q4 25
$565.9M
$212.8M
Q3 25
$559.7M
$213.6M
Q2 25
$553.9M
Q1 25
$548.4M
Q4 24
$576.2M
$176.8M
Q3 24
$527.7M
Q2 24
$519.2M
Q1 24
$514.4M
Stockholders' Equity
ATEC
ATEC
FBK
FBK
Q4 25
$12.4M
$1.9B
Q3 25
$11.5M
$2.0B
Q2 25
$23.8M
$1.6B
Q1 25
$-85.9M
$1.6B
Q4 24
$-14.2M
$1.6B
Q3 24
$-1.4M
$1.6B
Q2 24
$17.1M
$1.5B
Q1 24
$37.6M
$1.5B
Total Assets
ATEC
ATEC
FBK
FBK
Q4 25
$791.2M
$16.3B
Q3 25
$787.2M
$16.2B
Q2 25
$790.3M
$13.4B
Q1 25
$785.5M
$13.1B
Q4 24
$775.7M
$13.2B
Q3 24
$745.9M
$12.9B
Q2 24
$768.6M
$12.5B
Q1 24
$774.6M
$12.5B
Debt / Equity
ATEC
ATEC
FBK
FBK
Q4 25
45.54×
0.11×
Q3 25
48.64×
0.11×
Q2 25
23.30×
Q1 25
Q4 24
0.11×
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
FBK
FBK
Operating Cash FlowLast quarter
$20.7M
$155.9M
Free Cash FlowOCF − Capex
$7.7M
$147.0M
FCF MarginFCF / Revenue
3.6%
82.3%
Capex IntensityCapex / Revenue
6.1%
5.0%
Cash ConversionOCF / Net Profit
2.74×
TTM Free Cash FlowTrailing 4 quarters
$2.8M
$242.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
FBK
FBK
Q4 25
$20.7M
$155.9M
Q3 25
$14.0M
$47.7M
Q2 25
$15.5M
$71.8M
Q1 25
$-5.0M
$-16.5M
Q4 24
$10.5M
$138.8M
Q3 24
$-5.3M
$57.8M
Q2 24
$-11.4M
$30.6M
Q1 24
$-38.4M
$36.3M
Free Cash Flow
ATEC
ATEC
FBK
FBK
Q4 25
$7.7M
$147.0M
Q3 25
$4.8M
$45.6M
Q2 25
$5.2M
$68.4M
Q1 25
$-15.0M
$-18.1M
Q4 24
$8.5M
$132.3M
Q3 24
$-21.2M
$56.7M
Q2 24
$-45.5M
$28.4M
Q1 24
$-69.8M
$34.6M
FCF Margin
ATEC
ATEC
FBK
FBK
Q4 25
3.6%
82.3%
Q3 25
2.4%
26.2%
Q2 25
2.8%
89.0%
Q1 25
-8.9%
-13.9%
Q4 24
4.8%
101.4%
Q3 24
-14.1%
63.3%
Q2 24
-31.3%
22.1%
Q1 24
-50.4%
32.2%
Capex Intensity
ATEC
ATEC
FBK
FBK
Q4 25
6.1%
5.0%
Q3 25
4.7%
1.2%
Q2 25
5.6%
4.4%
Q1 25
5.9%
1.3%
Q4 24
1.1%
5.0%
Q3 24
10.5%
1.2%
Q2 24
23.4%
1.7%
Q1 24
22.6%
1.5%
Cash Conversion
ATEC
ATEC
FBK
FBK
Q4 25
2.74×
Q3 25
2.04×
Q2 25
24.68×
Q1 25
-0.42×
Q4 24
3.66×
Q3 24
5.65×
Q2 24
0.77×
Q1 24
1.30×

Financial Flow Comparison

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

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