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Alphatec Holdings, Inc.（ATEC）与Bandwidth Inc.（BAND）财务数据对比。点击上方公司名可切换其他公司
Alphatec Holdings, Inc.的季度营收约是Bandwidth Inc.的1.0倍（$212.9M vs $208.8M），Bandwidth Inc.净利率更高（1.9% vs -10.2%，领先12.1%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 20.1%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-1.0M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 9.7%）
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。
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
ATEC vs BAND — 直观对比
营收规模更大
ATEC
是对方的1.0倍
$208.8M
营收增速更快
ATEC
高出0.3%
20.1%
净利率更高
BAND
高出12.1%
-10.2%
自由现金流更多
ATEC
多$8.7M
$-1.0M
两年增速更快
ATEC
近两年复合增速
9.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $208.8M |
| 净利润 | $-21.7M | $4.0M |
| 毛利率 | 70.2% | 37.3% |
| 营业利润率 | -4.1% | 60.5% |
| 净利率 | -10.2% | 1.9% |
| 营收同比 | 20.4% | 20.1% |
| 净利润同比 | 34.8% | 200.0% |
| 每股收益（稀释后） | $-0.15 | $-0.08 |
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ATECBAND
| Q1 26 | — | $208.8M | ||
| Q4 25 | $212.9M | $207.7M | ||
| Q3 25 | $196.5M | $191.9M | ||
| Q2 25 | $185.5M | $180.0M | ||
| Q1 25 | $169.2M | $174.2M | ||
| Q4 24 | $176.8M | $210.0M | ||
| Q3 24 | $150.7M | $193.9M | ||
| Q2 24 | $145.6M | $173.6M |
净利润ATECBAND
| Q1 26 | — | $4.0M | ||
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $-1.2M | ||
| Q2 25 | $-41.1M | $-4.9M | ||
| Q1 25 | $-51.9M | $-3.7M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $413.0K | ||
| Q2 24 | $-40.7M | $4.1M |
毛利率ATECBAND
| Q1 26 | — | 37.3% | ||
| Q4 25 | 70.2% | 37.6% | ||
| Q3 25 | 69.9% | 38.5% | ||
| Q2 25 | 69.6% | 39.8% | ||
| Q1 25 | 68.6% | 41.0% | ||
| Q4 24 | 68.8% | 36.4% | ||
| Q3 24 | 68.2% | 37.7% | ||
| Q2 24 | 70.5% | 37.3% |
营业利润率ATECBAND
| Q1 26 | — | 60.5% | ||
| Q4 25 | -4.1% | -1.9% | ||
| Q3 25 | -8.1% | -1.0% | ||
| Q2 25 | -7.1% | -2.1% | ||
| Q1 25 | -26.2% | -2.7% | ||
| Q4 24 | -13.5% | -1.3% | ||
| Q3 24 | -22.4% | -0.5% | ||
| Q2 24 | -24.3% | -3.5% |
净利率ATECBAND
| Q1 26 | — | 1.9% | ||
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | -0.6% | ||
| Q2 25 | -22.2% | -2.7% | ||
| Q1 25 | -30.7% | -2.1% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | 0.2% | ||
| Q2 24 | -27.9% | 2.3% |
每股收益（稀释后）ATECBAND
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $-0.15 | $-0.10 | ||
| Q3 25 | $-0.19 | $-0.04 | ||
| Q2 25 | $-0.27 | $-0.16 | ||
| Q1 25 | $-0.35 | $-0.13 | ||
| Q4 24 | $-0.22 | $0.27 | ||
| Q3 24 | $-0.28 | $0.01 | ||
| Q2 24 | $-0.29 | $-0.17 |
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 | $47.3M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $405.7M |
| 总资产 | $791.2M | $984.2M |
| 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ATECBAND
| Q1 26 | — | $47.3M | ||
| Q4 25 | $160.8M | $111.3M | ||
| Q3 25 | $155.7M | $80.4M | ||
| Q2 25 | $157.1M | $68.1M | ||
| Q1 25 | $153.2M | $41.7M | ||
| Q4 24 | $138.8M | $83.8M | ||
| Q3 24 | $81.0M | $79.9M | ||
| Q2 24 | $99.8M | $76.4M |
总债务ATECBAND
| 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 | — |
股东权益ATECBAND
| Q1 26 | — | $405.7M | ||
| Q4 25 | $12.4M | $400.0M | ||
| Q3 25 | $11.5M | $392.7M | ||
| Q2 25 | $23.8M | $384.5M | ||
| Q1 25 | $-85.9M | $345.4M | ||
| Q4 24 | $-14.2M | $312.5M | ||
| Q3 24 | $-1.4M | $336.6M | ||
| Q2 24 | $17.1M | $307.4M |
总资产ATECBAND
| Q1 26 | — | $984.2M | ||
| Q4 25 | $791.2M | $1.1B | ||
| Q3 25 | $787.2M | $1.0B | ||
| Q2 25 | $790.3M | $1.0B | ||
| Q1 25 | $785.5M | $964.4M | ||
| Q4 24 | $775.7M | $989.2M | ||
| Q3 24 | $745.9M | $1.0B | ||
| Q2 24 | $768.6M | $1.0B |
负债/权益比ATECBAND
| Q1 26 | — | — | ||
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.34× | — |
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 | $-1.0M |
| 自由现金流率自由现金流/营收 | 3.6% | -0.5% |
| 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ATECBAND
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $38.6M | ||
| Q3 25 | $14.0M | $22.2M | ||
| Q2 25 | $15.5M | $31.7M | ||
| Q1 25 | $-5.0M | $-3.1M | ||
| Q4 24 | $10.5M | $36.5M | ||
| Q3 24 | $-5.3M | $20.5M | ||
| Q2 24 | $-11.4M | $24.4M |
自由现金流ATECBAND
| Q1 26 | — | $-1.0M | ||
| 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 | — |
自由现金流率ATECBAND
| Q1 26 | — | -0.5% | ||
| 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% | — |
资本支出强度ATECBAND
| Q1 26 | — | — | ||
| 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% | — |
现金转化率ATECBAND
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 49.55× | ||
| Q2 24 | — | 6.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
