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

GIBRALTAR INDUSTRIES, INC. is the larger business by last-quarter revenue ($225.0M vs $212.9M, roughly 1.1× Alphatec Holdings, Inc.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs 20.4%). GIBRALTAR INDUSTRIES, INC. produced more free cash flow last quarter ($26.2M vs $7.7M). Over the past eight quarters, Alphatec Holdings, Inc.'s revenue compounded faster (24.0% CAGR vs -12.3%).

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.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

ATEC vs ROCK — Head-to-Head

Bigger by revenue
ROCK
ROCK
1.1× larger
ROCK
$225.0M
$212.9M
ATEC
Growing faster (revenue YoY)
ROCK
ROCK
+4.5% gap
ROCK
24.9%
20.4%
ATEC
More free cash flow
ROCK
ROCK
$18.5M more FCF
ROCK
$26.2M
$7.7M
ATEC
Faster 2-yr revenue CAGR
ATEC
ATEC
Annualised
ATEC
24.0%
-12.3%
ROCK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATEC
ATEC
ROCK
ROCK
Revenue
$212.9M
$225.0M
Net Profit
$-21.7M
Gross Margin
70.2%
25.3%
Operating Margin
-4.1%
7.9%
Net Margin
-10.2%
Revenue YoY
20.4%
24.9%
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
ROCK
ROCK
Q4 25
$212.9M
$225.0M
Q3 25
$196.5M
$310.9M
Q2 25
$185.5M
$309.5M
Q1 25
$169.2M
$290.0M
Q4 24
$176.8M
$180.1M
Q3 24
$150.7M
$277.1M
Q2 24
$145.6M
$273.6M
Q1 24
$138.5M
$292.5M
Net Profit
ATEC
ATEC
ROCK
ROCK
Q4 25
$-21.7M
Q3 25
$-28.6M
$-89.1M
Q2 25
$-41.1M
$26.0M
Q1 25
$-51.9M
$21.1M
Q4 24
$-33.3M
Q3 24
$-39.6M
$34.0M
Q2 24
$-40.7M
$32.2M
Q1 24
$-48.5M
$24.9M
Gross Margin
ATEC
ATEC
ROCK
ROCK
Q4 25
70.2%
25.3%
Q3 25
69.9%
26.6%
Q2 25
69.6%
28.4%
Q1 25
68.6%
26.8%
Q4 24
68.8%
29.0%
Q3 24
68.2%
29.4%
Q2 24
70.5%
30.5%
Q1 24
70.3%
28.9%
Operating Margin
ATEC
ATEC
ROCK
ROCK
Q4 25
-4.1%
7.9%
Q3 25
-8.1%
12.8%
Q2 25
-7.1%
12.8%
Q1 25
-26.2%
8.8%
Q4 24
-13.5%
13.3%
Q3 24
-22.4%
15.6%
Q2 24
-24.3%
14.9%
Q1 24
-31.3%
10.8%
Net Margin
ATEC
ATEC
ROCK
ROCK
Q4 25
-10.2%
Q3 25
-14.5%
-28.6%
Q2 25
-22.2%
8.4%
Q1 25
-30.7%
7.3%
Q4 24
-18.9%
Q3 24
-26.3%
12.3%
Q2 24
-27.9%
11.8%
Q1 24
-35.0%
8.5%
EPS (diluted)
ATEC
ATEC
ROCK
ROCK
Q4 25
$-0.15
Q3 25
$-0.19
$-2.98
Q2 25
$-0.27
$0.87
Q1 25
$-0.35
Q4 24
$-0.22
Q3 24
$-0.28
$1.11
Q2 24
$-0.29
$1.05
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
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$160.8M
$115.7M
Total DebtLower is stronger
$565.9M
$0
Stockholders' EquityBook value
$12.4M
$950.4M
Total Assets
$791.2M
$1.4B
Debt / EquityLower = less leverage
45.54×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
ROCK
ROCK
Q4 25
$160.8M
$115.7M
Q3 25
$155.7M
$89.4M
Q2 25
$157.1M
$43.3M
Q1 25
$153.2M
$25.1M
Q4 24
$138.8M
$269.5M
Q3 24
$81.0M
$228.9M
Q2 24
$99.8M
$179.1M
Q1 24
$144.1M
$146.7M
Total Debt
ATEC
ATEC
ROCK
ROCK
Q4 25
$565.9M
$0
Q3 25
$559.7M
$0
Q2 25
$553.9M
$0
Q1 25
$548.4M
$0
Q4 24
$576.2M
$0
Q3 24
$527.7M
$0
Q2 24
$519.2M
$0
Q1 24
$514.4M
$0
Stockholders' Equity
ATEC
ATEC
ROCK
ROCK
Q4 25
$12.4M
$950.4M
Q3 25
$11.5M
$951.8M
Q2 25
$23.8M
$1.0B
Q1 25
$-85.9M
$1.0B
Q4 24
$-14.2M
$1.0B
Q3 24
$-1.4M
$1.0B
Q2 24
$17.1M
$975.7M
Q1 24
$37.6M
$940.2M
Total Assets
ATEC
ATEC
ROCK
ROCK
Q4 25
$791.2M
$1.4B
Q3 25
$787.2M
$1.4B
Q2 25
$790.3M
$1.5B
Q1 25
$785.5M
$1.4B
Q4 24
$775.7M
$1.4B
Q3 24
$745.9M
$1.4B
Q2 24
$768.6M
$1.4B
Q1 24
$774.6M
$1.3B
Debt / Equity
ATEC
ATEC
ROCK
ROCK
Q4 25
45.54×
0.00×
Q3 25
48.64×
0.00×
Q2 25
23.30×
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
30.34×
0.00×
Q1 24
13.70×
0.00×

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
ROCK
ROCK
Operating Cash FlowLast quarter
$20.7M
$35.5M
Free Cash FlowOCF − Capex
$7.7M
$26.2M
FCF MarginFCF / Revenue
3.6%
11.7%
Capex IntensityCapex / Revenue
6.1%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.8M
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
ROCK
ROCK
Q4 25
$20.7M
$35.5M
Q3 25
$14.0M
$73.0M
Q2 25
$15.5M
$44.9M
Q1 25
$-5.0M
$13.7M
Q4 24
$10.5M
$19.9M
Q3 24
$-5.3M
$64.7M
Q2 24
$-11.4M
$36.5M
Q1 24
$-38.4M
$53.2M
Free Cash Flow
ATEC
ATEC
ROCK
ROCK
Q4 25
$7.7M
$26.2M
Q3 25
$4.8M
$64.8M
Q2 25
$5.2M
$27.3M
Q1 25
$-15.0M
$2.3M
Q4 24
$8.5M
$14.1M
Q3 24
$-21.2M
$60.5M
Q2 24
$-45.5M
$33.5M
Q1 24
$-69.8M
$48.8M
FCF Margin
ATEC
ATEC
ROCK
ROCK
Q4 25
3.6%
11.7%
Q3 25
2.4%
20.8%
Q2 25
2.8%
8.8%
Q1 25
-8.9%
0.8%
Q4 24
4.8%
7.8%
Q3 24
-14.1%
21.8%
Q2 24
-31.3%
12.2%
Q1 24
-50.4%
16.7%
Capex Intensity
ATEC
ATEC
ROCK
ROCK
Q4 25
6.1%
4.1%
Q3 25
4.7%
2.6%
Q2 25
5.6%
5.7%
Q1 25
5.9%
3.9%
Q4 24
1.1%
3.3%
Q3 24
10.5%
1.5%
Q2 24
23.4%
1.1%
Q1 24
22.6%
1.5%
Cash Conversion
ATEC
ATEC
ROCK
ROCK
Q4 25
Q3 25
Q2 25
1.73×
Q1 25
0.65×
Q4 24
Q3 24
1.90×
Q2 24
1.13×
Q1 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATEC
ATEC

Segment breakdown not available.

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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