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

Alphatec Holdings, Inc. is the larger business by last-quarter revenue ($212.9M vs $200.5M, roughly 1.1× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -10.2%, a 12.4% gap on every dollar of revenue. On growth, Alphatec Holdings, Inc. posted the faster year-over-year revenue change (20.4% vs 5.2%). Alphatec Holdings, Inc. produced more free cash flow last quarter ($7.7M vs $1.1M). Over the past eight quarters, Alphatec Holdings, Inc.'s revenue compounded faster (24.0% CAGR vs -3.3%).

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.

Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.

ATEC vs ROG — Head-to-Head

Bigger by revenue
ATEC
ATEC
1.1× larger
ATEC
$212.9M
$200.5M
ROG
Growing faster (revenue YoY)
ATEC
ATEC
+15.2% gap
ATEC
20.4%
5.2%
ROG
Higher net margin
ROG
ROG
12.4% more per $
ROG
2.2%
-10.2%
ATEC
More free cash flow
ATEC
ATEC
$6.6M more FCF
ATEC
$7.7M
$1.1M
ROG
Faster 2-yr revenue CAGR
ATEC
ATEC
Annualised
ATEC
24.0%
-3.3%
ROG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATEC
ATEC
ROG
ROG
Revenue
$212.9M
$200.5M
Net Profit
$-21.7M
$4.5M
Gross Margin
70.2%
32.2%
Operating Margin
-4.1%
Net Margin
-10.2%
2.2%
Revenue YoY
20.4%
5.2%
Net Profit YoY
34.8%
421.4%
EPS (diluted)
$-0.15
$0.25

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
ROG
ROG
Q1 26
$200.5M
Q4 25
$212.9M
$201.5M
Q3 25
$196.5M
$216.0M
Q2 25
$185.5M
$202.8M
Q1 25
$169.2M
$190.5M
Q4 24
$176.8M
$192.2M
Q3 24
$150.7M
$210.3M
Q2 24
$145.6M
$214.2M
Net Profit
ATEC
ATEC
ROG
ROG
Q1 26
$4.5M
Q4 25
$-21.7M
$4.6M
Q3 25
$-28.6M
$8.6M
Q2 25
$-41.1M
$-73.6M
Q1 25
$-51.9M
$-1.4M
Q4 24
$-33.3M
$-500.0K
Q3 24
$-39.6M
$10.7M
Q2 24
$-40.7M
$8.1M
Gross Margin
ATEC
ATEC
ROG
ROG
Q1 26
32.2%
Q4 25
70.2%
31.5%
Q3 25
69.9%
33.5%
Q2 25
69.6%
31.6%
Q1 25
68.6%
29.9%
Q4 24
68.8%
32.1%
Q3 24
68.2%
35.2%
Q2 24
70.5%
34.1%
Operating Margin
ATEC
ATEC
ROG
ROG
Q1 26
Q4 25
-4.1%
3.5%
Q3 25
-8.1%
7.3%
Q2 25
-7.1%
-33.3%
Q1 25
-26.2%
-0.2%
Q4 24
-13.5%
-6.6%
Q3 24
-22.4%
6.9%
Q2 24
-24.3%
5.3%
Net Margin
ATEC
ATEC
ROG
ROG
Q1 26
2.2%
Q4 25
-10.2%
2.3%
Q3 25
-14.5%
4.0%
Q2 25
-22.2%
-36.3%
Q1 25
-30.7%
-0.7%
Q4 24
-18.9%
-0.3%
Q3 24
-26.3%
5.1%
Q2 24
-27.9%
3.8%
EPS (diluted)
ATEC
ATEC
ROG
ROG
Q1 26
$0.25
Q4 25
$-0.15
$0.20
Q3 25
$-0.19
$0.48
Q2 25
$-0.27
$-4.00
Q1 25
$-0.35
$-0.08
Q4 24
$-0.22
$-0.04
Q3 24
$-0.28
$0.58
Q2 24
$-0.29
$0.44

Balance Sheet & Financial Strength

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

Metric
ATEC
ATEC
ROG
ROG
Cash + ST InvestmentsLiquidity on hand
$160.8M
$195.8M
Total DebtLower is stronger
$565.9M
Stockholders' EquityBook value
$12.4M
$1.2B
Total Assets
$791.2M
$1.4B
Debt / EquityLower = less leverage
45.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
ROG
ROG
Q1 26
$195.8M
Q4 25
$160.8M
$197.0M
Q3 25
$155.7M
$167.8M
Q2 25
$157.1M
$157.2M
Q1 25
$153.2M
$175.6M
Q4 24
$138.8M
$159.8M
Q3 24
$81.0M
$146.4M
Q2 24
$99.8M
$119.9M
Total Debt
ATEC
ATEC
ROG
ROG
Q1 26
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
Stockholders' Equity
ATEC
ATEC
ROG
ROG
Q1 26
$1.2B
Q4 25
$12.4M
$1.2B
Q3 25
$11.5M
$1.2B
Q2 25
$23.8M
$1.2B
Q1 25
$-85.9M
$1.3B
Q4 24
$-14.2M
$1.3B
Q3 24
$-1.4M
$1.3B
Q2 24
$17.1M
$1.3B
Total Assets
ATEC
ATEC
ROG
ROG
Q1 26
$1.4B
Q4 25
$791.2M
$1.4B
Q3 25
$787.2M
$1.4B
Q2 25
$790.3M
$1.5B
Q1 25
$785.5M
$1.5B
Q4 24
$775.7M
$1.5B
Q3 24
$745.9M
$1.5B
Q2 24
$768.6M
$1.5B
Debt / Equity
ATEC
ATEC
ROG
ROG
Q1 26
Q4 25
45.54×
Q3 25
48.64×
Q2 25
23.30×
Q1 25
Q4 24
Q3 24
Q2 24
30.34×

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
ROG
ROG
Operating Cash FlowLast quarter
$20.7M
$5.8M
Free Cash FlowOCF − Capex
$7.7M
$1.1M
FCF MarginFCF / Revenue
3.6%
0.5%
Capex IntensityCapex / Revenue
6.1%
2.3%
Cash ConversionOCF / Net Profit
1.29×
TTM Free Cash FlowTrailing 4 quarters
$2.8M
$70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
ROG
ROG
Q1 26
$5.8M
Q4 25
$20.7M
$46.9M
Q3 25
$14.0M
$28.9M
Q2 25
$15.5M
$13.7M
Q1 25
$-5.0M
$11.7M
Q4 24
$10.5M
$33.7M
Q3 24
$-5.3M
$42.4M
Q2 24
$-11.4M
$22.9M
Free Cash Flow
ATEC
ATEC
ROG
ROG
Q1 26
$1.1M
Q4 25
$7.7M
$42.2M
Q3 25
$4.8M
$21.2M
Q2 25
$5.2M
$5.6M
Q1 25
$-15.0M
$2.1M
Q4 24
$8.5M
$18.3M
Q3 24
$-21.2M
$25.2M
Q2 24
$-45.5M
$8.8M
FCF Margin
ATEC
ATEC
ROG
ROG
Q1 26
0.5%
Q4 25
3.6%
20.9%
Q3 25
2.4%
9.8%
Q2 25
2.8%
2.8%
Q1 25
-8.9%
1.1%
Q4 24
4.8%
9.5%
Q3 24
-14.1%
12.0%
Q2 24
-31.3%
4.1%
Capex Intensity
ATEC
ATEC
ROG
ROG
Q1 26
2.3%
Q4 25
6.1%
2.3%
Q3 25
4.7%
3.6%
Q2 25
5.6%
4.0%
Q1 25
5.9%
5.0%
Q4 24
1.1%
8.0%
Q3 24
10.5%
8.2%
Q2 24
23.4%
6.6%
Cash Conversion
ATEC
ATEC
ROG
ROG
Q1 26
1.29×
Q4 25
10.20×
Q3 25
3.36×
Q2 25
Q1 25
Q4 24
Q3 24
3.96×
Q2 24
2.83×

Financial Flow Comparison

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

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