vs
Alphatec Holdings, Inc.（ATEC）与Custom Truck One Source, Inc.（CTOS）财务数据对比。点击上方公司名可切换其他公司
Custom Truck One Source, Inc.的季度营收约是Alphatec Holdings, Inc.的2.0倍（$422.2M vs $212.9M），Custom Truck One Source, Inc.净利率更高（-4.2% vs -10.2%，领先6.0%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -8.5%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 14.8%）
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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
ATEC vs CTOS — 直观对比
营收规模更大
CTOS
是对方的2.0倍
$212.9M
营收增速更快
ATEC
高出29.0%
-8.5%
净利率更高
CTOS
高出6.0%
-10.2%
两年增速更快
ATEC
近两年复合增速
14.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $422.2M |
| 净利润 | $-21.7M | $-17.8M |
| 毛利率 | 70.2% | 20.3% |
| 营业利润率 | -4.1% | 2.9% |
| 净利率 | -10.2% | -4.2% |
| 营收同比 | 20.4% | -8.5% |
| 净利润同比 | 34.8% | -333.7% |
| 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ATECCTOS
| Q1 26 | — | $422.2M | ||
| Q4 25 | $212.9M | $387.3M | ||
| Q3 25 | $196.5M | $359.9M | ||
| Q2 25 | $185.5M | $392.2M | ||
| Q1 25 | $169.2M | $307.1M | ||
| Q4 24 | $176.8M | $398.3M | ||
| Q3 24 | $150.7M | $337.5M | ||
| Q2 24 | $145.6M | $320.6M |
净利润ATECCTOS
| Q1 26 | — | $-17.8M | ||
| Q4 25 | $-21.7M | $20.9M | ||
| Q3 25 | $-28.6M | $-5.8M | ||
| Q2 25 | $-41.1M | $-28.4M | ||
| Q1 25 | $-51.9M | $-17.8M | ||
| Q4 24 | $-33.3M | $27.6M | ||
| Q3 24 | $-39.6M | $-17.4M | ||
| Q2 24 | $-40.7M | $-24.5M |
毛利率ATECCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | 70.2% | 31.8% | ||
| Q3 25 | 69.9% | 28.0% | ||
| Q2 25 | 69.6% | 26.1% | ||
| Q1 25 | 68.6% | 27.9% | ||
| Q4 24 | 68.8% | 29.7% | ||
| Q3 24 | 68.2% | 27.2% | ||
| Q2 24 | 70.5% | 27.8% |
营业利润率ATECCTOS
| Q1 26 | — | 2.9% | ||
| Q4 25 | -4.1% | 13.4% | ||
| Q3 25 | -8.1% | 9.1% | ||
| Q2 25 | -7.1% | 7.1% | ||
| Q1 25 | -26.2% | 4.0% | ||
| Q4 24 | -13.5% | 16.9% | ||
| Q3 24 | -22.4% | 6.8% | ||
| Q2 24 | -24.3% | 5.5% |
净利率ATECCTOS
| Q1 26 | — | -4.2% | ||
| Q4 25 | -10.2% | 5.4% | ||
| Q3 25 | -14.5% | -1.6% | ||
| Q2 25 | -22.2% | -7.2% | ||
| Q1 25 | -30.7% | -5.8% | ||
| Q4 24 | -18.9% | 6.9% | ||
| Q3 24 | -26.3% | -5.2% | ||
| Q2 24 | -27.9% | -7.6% |
每股收益（稀释后）ATECCTOS
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $-0.15 | $0.10 | ||
| Q3 25 | $-0.19 | $-0.03 | ||
| Q2 25 | $-0.27 | $-0.13 | ||
| Q1 25 | $-0.35 | $-0.08 | ||
| Q4 24 | $-0.22 | $0.11 | ||
| Q3 24 | $-0.28 | $-0.07 | ||
| Q2 24 | $-0.29 | $-0.10 |
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 | $6.3M |
| 总债务越低越好 | $565.9M | $25.9M |
| 股东权益账面价值 | $12.4M | $809.1M |
| 总资产 | $791.2M | $3.4B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资ATECCTOS
| Q1 26 | — | $6.3M | ||
| Q4 25 | $160.8M | $6.3M | ||
| Q3 25 | $155.7M | $13.1M | ||
| Q2 25 | $157.1M | $5.3M | ||
| Q1 25 | $153.2M | $5.4M | ||
| Q4 24 | $138.8M | $3.8M | ||
| Q3 24 | $81.0M | $8.4M | ||
| Q2 24 | $99.8M | $8.1M |
总债务ATECCTOS
| Q1 26 | — | $25.9M | ||
| Q4 25 | $565.9M | $1.6B | ||
| Q3 25 | $559.7M | $1.6B | ||
| Q2 25 | $553.9M | $1.6B | ||
| Q1 25 | $548.4M | $1.6B | ||
| Q4 24 | $576.2M | $1.5B | ||
| Q3 24 | $527.7M | $1.6B | ||
| Q2 24 | $519.2M | $1.5B |
股东权益ATECCTOS
| Q1 26 | — | $809.1M | ||
| Q4 25 | $12.4M | $809.1M | ||
| Q3 25 | $11.5M | $784.7M | ||
| Q2 25 | $23.8M | $790.1M | ||
| Q1 25 | $-85.9M | $813.4M | ||
| Q4 24 | $-14.2M | $861.3M | ||
| Q3 24 | $-1.4M | $837.5M | ||
| Q2 24 | $17.1M | $856.7M |
总资产ATECCTOS
| Q1 26 | — | $3.4B | ||
| Q4 25 | $791.2M | $3.4B | ||
| Q3 25 | $787.2M | $3.5B | ||
| Q2 25 | $790.3M | $3.6B | ||
| Q1 25 | $785.5M | $3.5B | ||
| Q4 24 | $775.7M | $3.5B | ||
| Q3 24 | $745.9M | $3.6B | ||
| Q2 24 | $768.6M | $3.5B |
负债/权益比ATECCTOS
| Q1 26 | — | 0.03× | ||
| Q4 25 | 45.54× | 2.03× | ||
| Q3 25 | 48.64× | 2.10× | ||
| Q2 25 | 23.30× | 2.04× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 30.34× | 1.79× |
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ATECCTOS
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $47.3M | ||
| Q3 25 | $14.0M | $81.5M | ||
| Q2 25 | $15.5M | $125.7M | ||
| Q1 25 | $-5.0M | $55.6M | ||
| Q4 24 | $10.5M | $82.1M | ||
| Q3 24 | $-5.3M | $16.5M | ||
| Q2 24 | $-11.4M | $37.8M |
自由现金流ATECCTOS
| Q1 26 | — | — | ||
| 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ATECCTOS
| Q1 26 | — | — | ||
| 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ATECCTOS
| 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ATECCTOS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
