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Alphatec Holdings, Inc.（ATEC）与CSW INDUSTRIALS, INC.（CSW）财务数据对比。点击上方公司名可切换其他公司
CSW INDUSTRIALS, INC.的季度营收约是Alphatec Holdings, Inc.的1.1倍（$233.0M vs $212.9M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -10.2%，领先14.6%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 20.3%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 5.1%）
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。
ATEC vs CSW — 直观对比
营收规模更大
CSW
是对方的1.1倍
$212.9M
营收增速更快
ATEC
高出0.1%
20.3%
净利率更高
CSW
高出14.6%
-10.2%
自由现金流更多
CSW
多$15.0M
$7.7M
两年增速更快
ATEC
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $233.0M |
| 净利润 | $-21.7M | $10.3M |
| 毛利率 | 70.2% | 39.7% |
| 营业利润率 | -4.1% | 7.4% |
| 净利率 | -10.2% | 4.4% |
| 营收同比 | 20.4% | 20.3% |
| 净利润同比 | 34.8% | -61.9% |
| 每股收益（稀释后） | $-0.15 | $0.62 |
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ATECCSW
| Q4 25 | $212.9M | $233.0M | ||
| Q3 25 | $196.5M | $277.0M | ||
| Q2 25 | $185.5M | $263.6M | ||
| Q1 25 | $169.2M | $230.5M | ||
| Q4 24 | $176.8M | $193.6M | ||
| Q3 24 | $150.7M | $227.9M | ||
| Q2 24 | $145.6M | $226.2M | ||
| Q1 24 | $138.5M | $210.9M |
净利润ATECCSW
| Q4 25 | $-21.7M | $10.3M | ||
| Q3 25 | $-28.6M | $40.7M | ||
| Q2 25 | $-41.1M | $40.9M | ||
| Q1 25 | $-51.9M | $35.1M | ||
| Q4 24 | $-33.3M | $26.9M | ||
| Q3 24 | $-39.6M | $36.1M | ||
| Q2 24 | $-40.7M | $38.6M | ||
| Q1 24 | $-48.5M | $31.8M |
毛利率ATECCSW
| Q4 25 | 70.2% | 39.7% | ||
| Q3 25 | 69.9% | 43.0% | ||
| Q2 25 | 69.6% | 43.8% | ||
| Q1 25 | 68.6% | 44.2% | ||
| Q4 24 | 68.8% | 41.4% | ||
| Q3 24 | 68.2% | 45.6% | ||
| Q2 24 | 70.5% | 47.5% | ||
| Q1 24 | 70.3% | 44.4% |
营业利润率ATECCSW
| Q4 25 | -4.1% | 7.4% | ||
| Q3 25 | -8.1% | 20.5% | ||
| Q2 25 | -7.1% | 20.8% | ||
| Q1 25 | -26.2% | 19.5% | ||
| Q4 24 | -13.5% | 15.3% | ||
| Q3 24 | -22.4% | 22.6% | ||
| Q2 24 | -24.3% | 24.3% | ||
| Q1 24 | -31.3% | 21.0% |
净利率ATECCSW
| Q4 25 | -10.2% | 4.4% | ||
| Q3 25 | -14.5% | 14.7% | ||
| Q2 25 | -22.2% | 15.5% | ||
| Q1 25 | -30.7% | 15.2% | ||
| Q4 24 | -18.9% | 13.9% | ||
| Q3 24 | -26.3% | 15.8% | ||
| Q2 24 | -27.9% | 17.1% | ||
| Q1 24 | -35.0% | 15.1% |
每股收益（稀释后）ATECCSW
| Q4 25 | $-0.15 | $0.62 | ||
| Q3 25 | $-0.19 | $2.41 | ||
| Q2 25 | $-0.27 | $2.43 | ||
| Q1 25 | $-0.35 | $2.05 | ||
| Q4 24 | $-0.22 | $1.60 | ||
| Q3 24 | $-0.28 | $2.26 | ||
| Q2 24 | $-0.29 | $2.47 | ||
| Q1 24 | $-0.34 | $2.03 |
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 | $40.2M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $1.1B |
| 总资产 | $791.2M | $2.3B |
| 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ATECCSW
| Q4 25 | $160.8M | $40.2M | ||
| Q3 25 | $155.7M | $31.5M | ||
| Q2 25 | $157.1M | $38.0M | ||
| Q1 25 | $153.2M | $225.8M | ||
| Q4 24 | $138.8M | $213.8M | ||
| Q3 24 | $81.0M | $273.2M | ||
| Q2 24 | $99.8M | $18.9M | ||
| Q1 24 | $144.1M | $22.2M |
总债务ATECCSW
| Q4 25 | $565.9M | — | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | — | ||
| Q1 25 | $548.4M | $800.1M | ||
| Q4 24 | $576.2M | — | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | $166.0M |
股东权益ATECCSW
| Q4 25 | $12.4M | $1.1B | ||
| Q3 25 | $11.5M | $1.1B | ||
| Q2 25 | $23.8M | $1.1B | ||
| Q1 25 | $-85.9M | $1.1B | ||
| Q4 24 | $-14.2M | $1.0B | ||
| Q3 24 | $-1.4M | $1.0B | ||
| Q2 24 | $17.1M | $650.2M | ||
| Q1 24 | $37.6M | $615.7M |
总资产ATECCSW
| Q4 25 | $791.2M | $2.3B | ||
| Q3 25 | $787.2M | $1.5B | ||
| 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 | $1.1B | ||
| Q1 24 | $774.6M | $1.0B |
负债/权益比ATECCSW
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.34× | — | ||
| Q1 24 | 13.70× | 0.27× |
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 | $28.9M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $22.7M |
| 自由现金流率自由现金流/营收 | 3.6% | 9.8% |
| 资本支出强度资本支出/营收 | 6.1% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.81× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $162.0M |
8季度趋势，按日历期对齐
经营现金流ATECCSW
| Q4 25 | $20.7M | $28.9M | ||
| Q3 25 | $14.0M | $61.8M | ||
| Q2 25 | $15.5M | $60.6M | ||
| Q1 25 | $-5.0M | $27.3M | ||
| Q4 24 | $10.5M | $11.6M | ||
| Q3 24 | $-5.3M | $66.8M | ||
| Q2 24 | $-11.4M | $62.7M | ||
| Q1 24 | $-38.4M | $22.4M |
自由现金流ATECCSW
| Q4 25 | $7.7M | $22.7M | ||
| Q3 25 | $4.8M | $58.7M | ||
| Q2 25 | $5.2M | $57.7M | ||
| Q1 25 | $-15.0M | $22.8M | ||
| Q4 24 | $8.5M | $8.5M | ||
| Q3 24 | $-21.2M | $61.3M | ||
| Q2 24 | $-45.5M | $59.6M | ||
| Q1 24 | $-69.8M | $17.5M |
自由现金流率ATECCSW
| Q4 25 | 3.6% | 9.8% | ||
| Q3 25 | 2.4% | 21.2% | ||
| Q2 25 | 2.8% | 21.9% | ||
| Q1 25 | -8.9% | 9.9% | ||
| Q4 24 | 4.8% | 4.4% | ||
| Q3 24 | -14.1% | 26.9% | ||
| Q2 24 | -31.3% | 26.3% | ||
| Q1 24 | -50.4% | 8.3% |
资本支出强度ATECCSW
| Q4 25 | 6.1% | 2.6% | ||
| Q3 25 | 4.7% | 1.1% | ||
| Q2 25 | 5.6% | 1.1% | ||
| Q1 25 | 5.9% | 2.0% | ||
| Q4 24 | 1.1% | 1.6% | ||
| Q3 24 | 10.5% | 2.4% | ||
| Q2 24 | 23.4% | 1.4% | ||
| Q1 24 | 22.6% | 2.3% |
现金转化率ATECCSW
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 0.71× |
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
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
