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Side-by-side financial comparison of Alphatec Holdings, Inc. (ATEC) and Hamilton Beach Brands Holding Co (HBB). Click either name above to swap in a different company.

Hamilton Beach Brands Holding Co is the larger business by last-quarter revenue ($212.9M vs $212.9M, roughly 1.0× Alphatec Holdings, Inc.). Hamilton Beach Brands Holding Co runs the higher net margin — 8.7% vs -10.2%, a 18.9% gap on every dollar of revenue. On growth, Alphatec Holdings, Inc. posted the faster year-over-year revenue change (20.4% vs -0.3%). Hamilton Beach Brands Holding Co produced more free cash flow last quarter ($27.9M vs $7.7M). Over the past eight quarters, Hamilton Beach Brands Holding Co's revenue compounded faster (28.8% 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.

Hamilton Beach Brands Holding Company is an American designer, marketer and distributor of home appliances and commercial restaurant equipment marketed primarily in the United States, Canada, and Mexico, including blenders, mixers, toasters, slow cookers, clothes irons, and air purifiers.

ATEC vs HBB — Head-to-Head

Bigger by revenue
HBB
HBB
1.0× larger
HBB
$212.9M
$212.9M
ATEC
Growing faster (revenue YoY)
ATEC
ATEC
+20.7% gap
ATEC
20.4%
-0.3%
HBB
Higher net margin
HBB
HBB
18.9% more per $
HBB
8.7%
-10.2%
ATEC
More free cash flow
HBB
HBB
$20.2M more FCF
HBB
$27.9M
$7.7M
ATEC
Faster 2-yr revenue CAGR
HBB
HBB
Annualised
HBB
28.8%
24.0%
ATEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATEC
ATEC
HBB
HBB
Revenue
$212.9M
$212.9M
Net Profit
$-21.7M
$18.5M
Gross Margin
70.2%
28.3%
Operating Margin
-4.1%
11.9%
Net Margin
-10.2%
8.7%
Revenue YoY
20.4%
-0.3%
Net Profit YoY
34.8%
-22.7%
EPS (diluted)
$-0.15
$1.37

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
HBB
HBB
Q4 25
$212.9M
$212.9M
Q3 25
$196.5M
$132.8M
Q2 25
$185.5M
$127.8M
Q1 25
$169.2M
$133.4M
Q4 24
$176.8M
$213.5M
Q3 24
$150.7M
$156.7M
Q2 24
$145.6M
$156.2M
Q1 24
$138.5M
$128.3M
Net Profit
ATEC
ATEC
HBB
HBB
Q4 25
$-21.7M
$18.5M
Q3 25
$-28.6M
$1.7M
Q2 25
$-41.1M
$4.5M
Q1 25
$-51.9M
$1.8M
Q4 24
$-33.3M
$24.0M
Q3 24
$-39.6M
$1.9M
Q2 24
$-40.7M
$6.0M
Q1 24
$-48.5M
$-1.2M
Gross Margin
ATEC
ATEC
HBB
HBB
Q4 25
70.2%
28.3%
Q3 25
69.9%
21.1%
Q2 25
69.6%
27.5%
Q1 25
68.6%
24.6%
Q4 24
68.8%
26.1%
Q3 24
68.2%
28.0%
Q2 24
70.5%
25.9%
Q1 24
70.3%
23.4%
Operating Margin
ATEC
ATEC
HBB
HBB
Q4 25
-4.1%
11.9%
Q3 25
-8.1%
2.2%
Q2 25
-7.1%
4.7%
Q1 25
-26.2%
1.7%
Q4 24
-13.5%
11.0%
Q3 24
-22.4%
6.8%
Q2 24
-24.3%
6.4%
Q1 24
-31.3%
-0.7%
Net Margin
ATEC
ATEC
HBB
HBB
Q4 25
-10.2%
8.7%
Q3 25
-14.5%
1.2%
Q2 25
-22.2%
3.5%
Q1 25
-30.7%
1.4%
Q4 24
-18.9%
11.2%
Q3 24
-26.3%
1.2%
Q2 24
-27.9%
3.8%
Q1 24
-35.0%
-0.9%
EPS (diluted)
ATEC
ATEC
HBB
HBB
Q4 25
$-0.15
$1.37
Q3 25
$-0.19
$0.12
Q2 25
$-0.27
$0.33
Q1 25
$-0.35
$0.13
Q4 24
$-0.22
$1.72
Q3 24
$-0.28
$0.14
Q2 24
$-0.29
$0.42
Q1 24
$-0.34
$-0.08

Balance Sheet & Financial Strength

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

Metric
ATEC
ATEC
HBB
HBB
Cash + ST InvestmentsLiquidity on hand
$160.8M
$47.3M
Total DebtLower is stronger
$565.9M
$50.0M
Stockholders' EquityBook value
$12.4M
$182.8M
Total Assets
$791.2M
$397.6M
Debt / EquityLower = less leverage
45.54×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
HBB
HBB
Q4 25
$160.8M
$47.3M
Q3 25
$155.7M
$17.2M
Q2 25
$157.1M
$11.3M
Q1 25
$153.2M
$48.3M
Q4 24
$138.8M
$45.6M
Q3 24
$81.0M
$22.6M
Q2 24
$99.8M
$37.2M
Q1 24
$144.1M
$26.3M
Total Debt
ATEC
ATEC
HBB
HBB
Q4 25
$565.9M
$50.0M
Q3 25
$559.7M
Q2 25
$553.9M
Q1 25
$548.4M
Q4 24
$576.2M
$50.0M
Q3 24
$527.7M
Q2 24
$519.2M
Q1 24
$514.4M
Stockholders' Equity
ATEC
ATEC
HBB
HBB
Q4 25
$12.4M
$182.8M
Q3 25
$11.5M
$164.0M
Q2 25
$23.8M
$164.0M
Q1 25
$-85.9M
$163.2M
Q4 24
$-14.2M
$165.9M
Q3 24
$-1.4M
$150.0M
Q2 24
$17.1M
$145.7M
Q1 24
$37.6M
$145.4M
Total Assets
ATEC
ATEC
HBB
HBB
Q4 25
$791.2M
$397.6M
Q3 25
$787.2M
$392.4M
Q2 25
$790.3M
$363.8M
Q1 25
$785.5M
$418.0M
Q4 24
$775.7M
$415.1M
Q3 24
$745.9M
$408.7M
Q2 24
$768.6M
$369.9M
Q1 24
$774.6M
$368.9M
Debt / Equity
ATEC
ATEC
HBB
HBB
Q4 25
45.54×
0.27×
Q3 25
48.64×
Q2 25
23.30×
Q1 25
Q4 24
0.30×
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
HBB
HBB
Operating Cash FlowLast quarter
$20.7M
$28.5M
Free Cash FlowOCF − Capex
$7.7M
$27.9M
FCF MarginFCF / Revenue
3.6%
13.1%
Capex IntensityCapex / Revenue
6.1%
0.3%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$2.8M
$11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
HBB
HBB
Q4 25
$20.7M
$28.5M
Q3 25
$14.0M
$9.1M
Q2 25
$15.5M
$-30.4M
Q1 25
$-5.0M
$6.6M
Q4 24
$10.5M
$30.2M
Q3 24
$-5.3M
$-1.9M
Q2 24
$-11.4M
$17.4M
Q1 24
$-38.4M
$19.7M
Free Cash Flow
ATEC
ATEC
HBB
HBB
Q4 25
$7.7M
$27.9M
Q3 25
$4.8M
$8.4M
Q2 25
$5.2M
$-31.3M
Q1 25
$-15.0M
$6.1M
Q4 24
$8.5M
$29.4M
Q3 24
$-21.2M
$-2.7M
Q2 24
$-45.5M
$16.8M
Q1 24
$-69.8M
$18.8M
FCF Margin
ATEC
ATEC
HBB
HBB
Q4 25
3.6%
13.1%
Q3 25
2.4%
6.3%
Q2 25
2.8%
-24.5%
Q1 25
-8.9%
4.6%
Q4 24
4.8%
13.8%
Q3 24
-14.1%
-1.7%
Q2 24
-31.3%
10.7%
Q1 24
-50.4%
14.6%
Capex Intensity
ATEC
ATEC
HBB
HBB
Q4 25
6.1%
0.3%
Q3 25
4.7%
0.6%
Q2 25
5.6%
0.7%
Q1 25
5.9%
0.4%
Q4 24
1.1%
0.4%
Q3 24
10.5%
0.5%
Q2 24
23.4%
0.4%
Q1 24
22.6%
0.7%
Cash Conversion
ATEC
ATEC
HBB
HBB
Q4 25
1.53×
Q3 25
5.52×
Q2 25
-6.83×
Q1 25
3.67×
Q4 24
1.26×
Q3 24
-0.98×
Q2 24
2.90×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATEC
ATEC

Segment breakdown not available.

HBB
HBB

Consumer Product$191.6M90%
Commercial Product$17.5M8%
Health Beacon$2.3M1%

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