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Alphatec Holdings, Inc.（ATEC）与Crane NXT, Co.（CXT）财务数据对比。点击上方公司名可切换其他公司
Crane NXT, Co.的季度营收约是Alphatec Holdings, Inc.的1.8倍（$387.7M vs $212.9M），Crane NXT, Co.净利率更高（1.7% vs -10.2%，领先11.9%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 17.4%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-24.1M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 2.3%）
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。
Crane NXT是一家总部位于美国康涅狄格州斯坦福德的工业产品企业，由理查德·特勒·克莱恩于1855年创立。曾是美国头部卫浴配件制造商，1990年出售卫浴业务后，自1960年起逐步转型为多元化控股集团，目前核心业务涵盖航空航天与电子、工程材料、流体处理、控制设备四大板块，服务化工等多个行业领域。
ATEC vs CXT — 直观对比
营收规模更大
CXT
是对方的1.8倍
$212.9M
营收增速更快
ATEC
高出3.1%
17.4%
净利率更高
CXT
高出11.9%
-10.2%
自由现金流更多
ATEC
多$31.8M
$-24.1M
两年增速更快
ATEC
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $387.7M |
| 净利润 | $-21.7M | $6.4M |
| 毛利率 | 70.2% | 40.2% |
| 营业利润率 | -4.1% | — |
| 净利率 | -10.2% | 1.7% |
| 营收同比 | 20.4% | 17.4% |
| 净利润同比 | 34.8% | -70.5% |
| 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ATECCXT
| Q1 26 | — | $387.7M | ||
| Q4 25 | $212.9M | $476.9M | ||
| Q3 25 | $196.5M | $445.1M | ||
| Q2 25 | $185.5M | $404.4M | ||
| Q1 25 | $169.2M | $330.3M | ||
| Q4 24 | $176.8M | $399.1M | ||
| Q3 24 | $150.7M | $403.5M | ||
| Q2 24 | $145.6M | $370.6M |
净利润ATECCXT
| Q1 26 | — | $6.4M | ||
| Q4 25 | $-21.7M | $47.5M | ||
| Q3 25 | $-28.6M | $50.5M | ||
| Q2 25 | $-41.1M | $24.9M | ||
| Q1 25 | $-51.9M | $21.7M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $47.1M | ||
| Q2 24 | $-40.7M | $41.6M |
毛利率ATECCXT
| Q1 26 | — | 40.2% | ||
| Q4 25 | 70.2% | 42.4% | ||
| Q3 25 | 69.9% | 43.3% | ||
| Q2 25 | 69.6% | 41.7% | ||
| Q1 25 | 68.6% | 42.4% | ||
| Q4 24 | 68.8% | 45.2% | ||
| Q3 24 | 68.2% | 42.5% | ||
| Q2 24 | 70.5% | 43.4% |
营业利润率ATECCXT
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | 16.7% | ||
| Q3 25 | -8.1% | 18.4% | ||
| Q2 25 | -7.1% | 11.8% | ||
| Q1 25 | -26.2% | 11.3% | ||
| Q4 24 | -13.5% | 17.7% | ||
| Q3 24 | -22.4% | 18.6% | ||
| Q2 24 | -24.3% | 18.2% |
净利率ATECCXT
| Q1 26 | — | 1.7% | ||
| Q4 25 | -10.2% | 10.0% | ||
| Q3 25 | -14.5% | 11.3% | ||
| Q2 25 | -22.2% | 6.2% | ||
| Q1 25 | -30.7% | 6.6% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | 11.7% | ||
| Q2 24 | -27.9% | 11.2% |
每股收益（稀释后）ATECCXT
| Q1 26 | — | — | ||
| Q4 25 | $-0.15 | $0.82 | ||
| Q3 25 | $-0.19 | $0.87 | ||
| Q2 25 | $-0.27 | $0.43 | ||
| Q1 25 | $-0.35 | $0.38 | ||
| Q4 24 | $-0.22 | $1.00 | ||
| Q3 24 | $-0.28 | $0.81 | ||
| Q2 24 | $-0.29 | $0.72 |
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 | $228.3M |
| 总债务越低越好 | $565.9M | $1.5B |
| 股东权益账面价值 | $12.4M | $1.2B |
| 总资产 | $791.2M | $3.6B |
| 负债/权益比越低杠杆越低 | 45.54× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资ATECCXT
| Q1 26 | — | $228.3M | ||
| Q4 25 | $160.8M | $233.8M | ||
| Q3 25 | $155.7M | $182.4M | ||
| Q2 25 | $157.1M | $152.5M | ||
| Q1 25 | $153.2M | $173.8M | ||
| Q4 24 | $138.8M | $165.8M | ||
| Q3 24 | $81.0M | $165.1M | ||
| Q2 24 | $99.8M | $175.5M |
总债务ATECCXT
| Q1 26 | — | $1.5B | ||
| Q4 25 | $565.9M | $1.0B | ||
| Q3 25 | $559.7M | $834.3M | ||
| Q2 25 | $553.9M | $861.8M | ||
| Q1 25 | $548.4M | $541.1M | ||
| Q4 24 | $576.2M | $540.6M | ||
| Q3 24 | $527.7M | $638.2M | ||
| Q2 24 | $519.2M | $638.9M |
股东权益ATECCXT
| Q1 26 | — | $1.2B | ||
| Q4 25 | $12.4M | $1.3B | ||
| Q3 25 | $11.5M | $1.2B | ||
| Q2 25 | $23.8M | $1.2B | ||
| Q1 25 | $-85.9M | $1.1B | ||
| Q4 24 | $-14.2M | $1.1B | ||
| Q3 24 | $-1.4M | $1.1B | ||
| Q2 24 | $17.1M | $989.8M |
总资产ATECCXT
| Q1 26 | — | $3.6B | ||
| Q4 25 | $791.2M | $3.1B | ||
| Q3 25 | $787.2M | $2.9B | ||
| Q2 25 | $790.3M | $2.9B | ||
| Q1 25 | $785.5M | $2.4B | ||
| Q4 24 | $775.7M | $2.4B | ||
| Q3 24 | $745.9M | $2.4B | ||
| Q2 24 | $768.6M | $2.4B |
负债/权益比ATECCXT
| Q1 26 | — | 1.22× | ||
| Q4 25 | 45.54× | 0.80× | ||
| Q3 25 | 48.64× | 0.69× | ||
| Q2 25 | 23.30× | 0.73× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | 30.34× | 0.65× |
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 | $-24.1M |
| 自由现金流率自由现金流/营收 | 3.6% | -6.2% |
| 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 | — | — |
| 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ATECCXT
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $105.8M | ||
| Q3 25 | $14.0M | $92.0M | ||
| Q2 25 | $15.5M | $62.8M | ||
| Q1 25 | $-5.0M | $-19.1M | ||
| Q4 24 | $10.5M | $81.1M | ||
| Q3 24 | $-5.3M | $66.7M | ||
| Q2 24 | $-11.4M | $56.8M |
自由现金流ATECCXT
| Q1 26 | — | $-24.1M | ||
| Q4 25 | $7.7M | — | ||
| Q3 25 | $4.8M | $78.7M | ||
| Q2 25 | $5.2M | $55.8M | ||
| Q1 25 | $-15.0M | $-32.2M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | $53.5M | ||
| Q2 24 | $-45.5M | $47.9M |
自由现金流率ATECCXT
| Q1 26 | — | -6.2% | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 2.4% | 17.7% | ||
| Q2 25 | 2.8% | 13.8% | ||
| Q1 25 | -8.9% | -9.7% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | 13.3% | ||
| Q2 24 | -31.3% | 12.9% |
资本支出强度ATECCXT
| Q1 26 | — | 2.6% | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | 3.0% | ||
| Q2 25 | 5.6% | 1.7% | ||
| Q1 25 | 5.9% | 4.0% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | 3.3% | ||
| Q2 24 | 23.4% | 2.4% |
现金转化率ATECCXT
| Q1 26 | — | — | ||
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | 1.82× | ||
| Q2 25 | — | 2.52× | ||
| Q1 25 | — | -0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.37× |
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
CXT
| Detection and Traceability Technologies | $194.9M | 50% |
| Security and Authentication Technologies | $192.8M | 50% |
