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

Alphatec Holdings, Inc. is the larger business by last-quarter revenue ($212.9M vs $164.0M, roughly 1.3× NATIONAL PRESTO INDUSTRIES INC). On growth, NATIONAL PRESTO INDUSTRIES INC posted the faster year-over-year revenue change (21.7% vs 20.4%). NATIONAL PRESTO INDUSTRIES INC produced more free cash flow last quarter ($12.4M vs $7.7M). Over the past eight quarters, NATIONAL PRESTO INDUSTRIES INC's revenue compounded faster (46.3% 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.

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

ATEC vs NPK — Head-to-Head

Bigger by revenue
ATEC
ATEC
1.3× larger
ATEC
$212.9M
$164.0M
NPK
Growing faster (revenue YoY)
NPK
NPK
+1.3% gap
NPK
21.7%
20.4%
ATEC
More free cash flow
NPK
NPK
$4.7M more FCF
NPK
$12.4M
$7.7M
ATEC
Faster 2-yr revenue CAGR
NPK
NPK
Annualised
NPK
46.3%
24.0%
ATEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATEC
ATEC
NPK
NPK
Revenue
$212.9M
$164.0M
Net Profit
$-21.7M
Gross Margin
70.2%
16.9%
Operating Margin
-4.1%
11.4%
Net Margin
-10.2%
Revenue YoY
20.4%
21.7%
Net Profit YoY
34.8%
EPS (diluted)
$-0.15

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
NPK
NPK
Q4 25
$212.9M
$164.0M
Q3 25
$196.5M
$115.5M
Q2 25
$185.5M
$120.4M
Q1 25
$169.2M
$103.6M
Q4 24
$176.8M
$134.7M
Q3 24
$150.7M
$91.8M
Q2 24
$145.6M
$85.1M
Q1 24
$138.5M
$76.7M
Net Profit
ATEC
ATEC
NPK
NPK
Q4 25
$-21.7M
Q3 25
$-28.6M
$5.3M
Q2 25
$-41.1M
$5.2M
Q1 25
$-51.9M
$7.6M
Q4 24
$-33.3M
Q3 24
$-39.6M
$8.1M
Q2 24
$-40.7M
$6.1M
Q1 24
$-48.5M
$6.6M
Gross Margin
ATEC
ATEC
NPK
NPK
Q4 25
70.2%
16.9%
Q3 25
69.9%
13.9%
Q2 25
69.6%
15.4%
Q1 25
68.6%
17.5%
Q4 24
68.8%
24.3%
Q3 24
68.2%
18.8%
Q2 24
70.5%
17.3%
Q1 24
70.3%
18.1%
Operating Margin
ATEC
ATEC
NPK
NPK
Q4 25
-4.1%
11.4%
Q3 25
-8.1%
5.6%
Q2 25
-7.1%
5.1%
Q1 25
-26.2%
8.8%
Q4 24
-13.5%
17.3%
Q3 24
-22.4%
10.0%
Q2 24
-24.3%
7.5%
Q1 24
-31.3%
8.2%
Net Margin
ATEC
ATEC
NPK
NPK
Q4 25
-10.2%
Q3 25
-14.5%
4.6%
Q2 25
-22.2%
4.3%
Q1 25
-30.7%
7.3%
Q4 24
-18.9%
Q3 24
-26.3%
8.8%
Q2 24
-27.9%
7.1%
Q1 24
-35.0%
8.6%
EPS (diluted)
ATEC
ATEC
NPK
NPK
Q4 25
$-0.15
Q3 25
$-0.19
Q2 25
$-0.27
Q1 25
$-0.35
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
NPK
NPK
Cash + ST InvestmentsLiquidity on hand
$160.8M
$3.8M
Total DebtLower is stronger
$565.9M
Stockholders' EquityBook value
$12.4M
$395.1M
Total Assets
$791.2M
$500.7M
Debt / EquityLower = less leverage
45.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
NPK
NPK
Q4 25
$160.8M
$3.8M
Q3 25
$155.7M
$4.6M
Q2 25
$157.1M
$4.8M
Q1 25
$153.2M
$5.5M
Q4 24
$138.8M
$22.7M
Q3 24
$81.0M
$33.2M
Q2 24
$99.8M
$53.4M
Q1 24
$144.1M
$87.9M
Total Debt
ATEC
ATEC
NPK
NPK
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
NPK
NPK
Q4 25
$12.4M
$395.1M
Q3 25
$11.5M
$379.8M
Q2 25
$23.8M
$374.1M
Q1 25
$-85.9M
$368.6M
Q4 24
$-14.2M
$367.6M
Q3 24
$-1.4M
$346.6M
Q2 24
$17.1M
$338.1M
Q1 24
$37.6M
$331.6M
Total Assets
ATEC
ATEC
NPK
NPK
Q4 25
$791.2M
$500.7M
Q3 25
$787.2M
$503.8M
Q2 25
$790.3M
$471.9M
Q1 25
$785.5M
$455.3M
Q4 24
$775.7M
$453.4M
Q3 24
$745.9M
$428.9M
Q2 24
$768.6M
$418.1M
Q1 24
$774.6M
$417.5M
Debt / Equity
ATEC
ATEC
NPK
NPK
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
NPK
NPK
Operating Cash FlowLast quarter
$20.7M
$13.9M
Free Cash FlowOCF − Capex
$7.7M
$12.4M
FCF MarginFCF / Revenue
3.6%
7.6%
Capex IntensityCapex / Revenue
6.1%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.8M
$-36.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
NPK
NPK
Q4 25
$20.7M
$13.9M
Q3 25
$14.0M
$-24.6M
Q2 25
$15.5M
$-10.9M
Q1 25
$-5.0M
$12.5M
Q4 24
$10.5M
$-7.6M
Q3 24
$-5.3M
$-17.5M
Q2 24
$-11.4M
$-33.9M
Q1 24
$-38.4M
$5.6M
Free Cash Flow
ATEC
ATEC
NPK
NPK
Q4 25
$7.7M
$12.4M
Q3 25
$4.8M
$-24.7M
Q2 25
$5.2M
$-13.4M
Q1 25
$-15.0M
$-10.5M
Q4 24
$8.5M
$-11.3M
Q3 24
$-21.2M
$-20.3M
Q2 24
$-45.5M
$-34.5M
Q1 24
$-69.8M
$5.2M
FCF Margin
ATEC
ATEC
NPK
NPK
Q4 25
3.6%
7.6%
Q3 25
2.4%
-21.4%
Q2 25
2.8%
-11.1%
Q1 25
-8.9%
-10.2%
Q4 24
4.8%
-8.4%
Q3 24
-14.1%
-22.1%
Q2 24
-31.3%
-40.6%
Q1 24
-50.4%
6.7%
Capex Intensity
ATEC
ATEC
NPK
NPK
Q4 25
6.1%
0.9%
Q3 25
4.7%
0.1%
Q2 25
5.6%
2.0%
Q1 25
5.9%
22.2%
Q4 24
1.1%
2.7%
Q3 24
10.5%
3.1%
Q2 24
23.4%
0.8%
Q1 24
22.6%
0.5%
Cash Conversion
ATEC
ATEC
NPK
NPK
Q4 25
Q3 25
-4.63×
Q2 25
-2.12×
Q1 25
1.64×
Q4 24
Q3 24
-2.16×
Q2 24
-5.58×
Q1 24
0.85×

Financial Flow Comparison

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

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