vs
Alphatec Holdings, Inc.（ATEC）与Autohome Inc.（ATHM）财务数据对比。点击上方公司名可切换其他公司
Autohome Inc.的季度营收约是Alphatec Holdings, Inc.的1.2倍（$249.8M vs $212.9M），Autohome Inc.净利率更高（23.8% vs -10.2%，领先34.0%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -0.6%）
Alphatec Holdings是一家全球医疗科技企业，专注于研发、生产及销售脊柱外科手术相关的植入物、手术器械与数字化手术平台，服务骨科及神经外科医疗从业者，核心市场覆盖北美、欧洲及亚太主要区域。
Autohome Inc. 是曾经的高速有线互联网服务提供商，运营于1996年至2002年。由米洛·梅丁与电信通讯公司（TCI）、康卡斯特、考克斯通信，以及首任CEO威廉·伦道夫·赫斯特三世共同创立，是通过双向有线电视基础设施提供高速上网服务的合资企业，巅峰时期为美国、加拿大、日本、澳大利亚等地的410万用户提供服务。
ATEC vs ATHM — 直观对比
营收规模更大
ATHM
是对方的1.2倍
$212.9M
净利率更高
ATHM
高出34.0%
-10.2%
两年增速更快
ATEC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $249.8M |
| 净利润 | $-21.7M | $59.4M |
| 毛利率 | 70.2% | 63.7% |
| 营业利润率 | -4.1% | 8.3% |
| 净利率 | -10.2% | 23.8% |
| 营收同比 | 20.4% | — |
| 净利润同比 | 34.8% | — |
| 每股收益（稀释后） | $-0.15 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ATECATHM
| Q4 25 | $212.9M | — | ||
| Q3 25 | $196.5M | $249.8M | ||
| Q2 25 | $185.5M | $245.4M | ||
| Q1 25 | $169.2M | $244.3M | ||
| Q4 24 | $176.8M | — | ||
| Q3 24 | $150.7M | $252.9M | ||
| Q2 24 | $145.6M | $257.7M | ||
| Q1 24 | $138.5M | $222.9M |
净利润ATECATHM
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $59.4M | ||
| Q2 25 | $-41.1M | $56.0M | ||
| Q1 25 | $-51.9M | — | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $61.0M | ||
| Q2 24 | $-40.7M | $69.3M | ||
| Q1 24 | $-48.5M | $52.4M |
毛利率ATECATHM
| Q4 25 | 70.2% | — | ||
| Q3 25 | 69.9% | 63.7% | ||
| Q2 25 | 69.6% | 71.4% | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 68.8% | — | ||
| Q3 24 | 68.2% | 77.0% | ||
| Q2 24 | 70.5% | 81.5% | ||
| Q1 24 | 70.3% | 81.3% |
营业利润率ATECATHM
| Q4 25 | -4.1% | — | ||
| Q3 25 | -8.1% | 8.3% | ||
| Q2 25 | -7.1% | 16.9% | ||
| Q1 25 | -26.2% | 13.0% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -22.4% | 4.7% | ||
| Q2 24 | -24.3% | 22.0% | ||
| Q1 24 | -31.3% | 17.2% |
净利率ATECATHM
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | 23.8% | ||
| Q2 25 | -22.2% | 22.8% | ||
| Q1 25 | -30.7% | — | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | 24.1% | ||
| Q2 24 | -27.9% | 26.9% | ||
| Q1 24 | -35.0% | 23.5% |
每股收益（稀释后）ATECATHM
| 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 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $160.8M | — |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | — |
| 总资产 | $791.2M | — |
| 负债/权益比越低杠杆越低 | 45.54× | — |
8季度趋势，按日历期对齐
现金及短期投资ATECATHM
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $99.8M | — | ||
| Q1 24 | $144.1M | — |
总债务ATECATHM
| 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 | — |
股东权益ATECATHM
| Q4 25 | $12.4M | — | ||
| Q3 25 | $11.5M | — | ||
| Q2 25 | $23.8M | — | ||
| Q1 25 | $-85.9M | — | ||
| Q4 24 | $-14.2M | — | ||
| Q3 24 | $-1.4M | — | ||
| Q2 24 | $17.1M | — | ||
| Q1 24 | $37.6M | — |
总资产ATECATHM
| Q4 25 | $791.2M | — | ||
| Q3 25 | $787.2M | — | ||
| Q2 25 | $790.3M | — | ||
| Q1 25 | $785.5M | — | ||
| Q4 24 | $775.7M | — | ||
| Q3 24 | $745.9M | — | ||
| Q2 24 | $768.6M | — | ||
| Q1 24 | $774.6M | — |
负债/权益比ATECATHM
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $20.7M | — |
| 自由现金流经营现金流 - 资本支出 | $7.7M | — |
| 自由现金流率自由现金流/营收 | 3.6% | — |
| 资本支出强度资本支出/营收 | 6.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $2.8M | — |
8季度趋势，按日历期对齐
经营现金流ATECATHM
| Q4 25 | $20.7M | — | ||
| Q3 25 | $14.0M | — | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $-5.0M | — | ||
| Q4 24 | $10.5M | — | ||
| Q3 24 | $-5.3M | — | ||
| Q2 24 | $-11.4M | — | ||
| Q1 24 | $-38.4M | — |
自由现金流ATECATHM
| Q4 25 | $7.7M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | — | ||
| Q2 24 | $-45.5M | — | ||
| Q1 24 | $-69.8M | — |
自由现金流率ATECATHM
| Q4 25 | 3.6% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | -31.3% | — | ||
| Q1 24 | -50.4% | — |
资本支出强度ATECATHM
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 22.6% | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ATEC
暂无分部数据
ATHM
| Online marketplace and others | $114.7M | 46% |
| Leads generation services | $93.2M | 37% |
| Media services | $41.9M | 17% |
