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Alphatec Holdings, Inc.（ATEC）与Doximity, Inc.（DOCS）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Doximity, Inc.的1.2倍（$212.9M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs -10.2%，领先43.5%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 9.8%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 24.0%）
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。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
ATEC vs DOCS — 直观对比
营收规模更大
ATEC
是对方的1.2倍
$185.1M
营收增速更快
ATEC
高出10.7%
9.8%
净利率更高
DOCS
高出43.5%
-10.2%
两年增速更快
DOCS
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $185.1M |
| 净利润 | $-21.7M | $61.6M |
| 毛利率 | 70.2% | 89.9% |
| 营业利润率 | -4.1% | 38.9% |
| 净利率 | -10.2% | 33.3% |
| 营收同比 | 20.4% | 9.8% |
| 净利润同比 | 34.8% | -18.1% |
| 每股收益（稀释后） | $-0.15 | $0.31 |
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ATECDOCS
| Q4 25 | $212.9M | $185.1M | ||
| Q3 25 | $196.5M | $168.5M | ||
| Q2 25 | $185.5M | $145.9M | ||
| Q1 25 | $169.2M | $138.3M | ||
| Q4 24 | $176.8M | $168.6M | ||
| Q3 24 | $150.7M | $136.8M | ||
| Q2 24 | $145.6M | $126.7M | ||
| Q1 24 | $138.5M | $118.1M |
净利润ATECDOCS
| Q4 25 | $-21.7M | $61.6M | ||
| Q3 25 | $-28.6M | $62.1M | ||
| Q2 25 | $-41.1M | $53.3M | ||
| Q1 25 | $-51.9M | $62.5M | ||
| Q4 24 | $-33.3M | $75.2M | ||
| Q3 24 | $-39.6M | $44.2M | ||
| Q2 24 | $-40.7M | $41.4M | ||
| Q1 24 | $-48.5M | $40.6M |
毛利率ATECDOCS
| Q4 25 | 70.2% | 89.9% | ||
| Q3 25 | 69.9% | 90.3% | ||
| Q2 25 | 69.6% | 89.2% | ||
| Q1 25 | 68.6% | 89.5% | ||
| Q4 24 | 68.8% | 91.6% | ||
| Q3 24 | 68.2% | 90.0% | ||
| Q2 24 | 70.5% | 89.3% | ||
| Q1 24 | 70.3% | 89.4% |
营业利润率ATECDOCS
| Q4 25 | -4.1% | 38.9% | ||
| Q3 25 | -8.1% | 37.8% | ||
| Q2 25 | -7.1% | 37.4% | ||
| Q1 25 | -26.2% | 35.2% | ||
| Q4 24 | -13.5% | 47.4% | ||
| Q3 24 | -22.4% | 38.8% | ||
| Q2 24 | -24.3% | 36.4% | ||
| Q1 24 | -31.3% | 35.5% |
净利率ATECDOCS
| Q4 25 | -10.2% | 33.3% | ||
| Q3 25 | -14.5% | 36.8% | ||
| Q2 25 | -22.2% | 36.5% | ||
| Q1 25 | -30.7% | 45.2% | ||
| Q4 24 | -18.9% | 44.6% | ||
| Q3 24 | -26.3% | 32.3% | ||
| Q2 24 | -27.9% | 32.7% | ||
| Q1 24 | -35.0% | 34.4% |
每股收益（稀释后）ATECDOCS
| Q4 25 | $-0.15 | $0.31 | ||
| Q3 25 | $-0.19 | $0.31 | ||
| Q2 25 | $-0.27 | $0.27 | ||
| Q1 25 | $-0.35 | $0.31 | ||
| Q4 24 | $-0.22 | $0.37 | ||
| Q3 24 | $-0.28 | $0.22 | ||
| Q2 24 | $-0.29 | $0.21 | ||
| Q1 24 | $-0.34 | $0.20 |
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 | $64.8M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $979.3M |
| 总资产 | $791.2M | $1.2B |
| 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ATECDOCS
| Q4 25 | $160.8M | $64.8M | ||
| Q3 25 | $155.7M | $169.2M | ||
| Q2 25 | $157.1M | $137.3M | ||
| Q1 25 | $153.2M | $209.6M | ||
| Q4 24 | $138.8M | $165.3M | ||
| Q3 24 | $81.0M | $184.2M | ||
| Q2 24 | $99.8M | $111.4M | ||
| Q1 24 | $144.1M | $96.8M |
总债务ATECDOCS
| 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ATECDOCS
| Q4 25 | $12.4M | $979.3M | ||
| Q3 25 | $11.5M | $1.1B | ||
| Q2 25 | $23.8M | $1.0B | ||
| Q1 25 | $-85.9M | $1.1B | ||
| Q4 24 | $-14.2M | $1.0B | ||
| Q3 24 | $-1.4M | $961.2M | ||
| Q2 24 | $17.1M | $913.6M | ||
| Q1 24 | $37.6M | $901.4M |
总资产ATECDOCS
| Q4 25 | $791.2M | $1.2B | ||
| Q3 25 | $787.2M | $1.3B | ||
| Q2 25 | $790.3M | $1.2B | ||
| Q1 25 | $785.5M | $1.3B | ||
| Q4 24 | $775.7M | $1.2B | ||
| Q3 24 | $745.9M | $1.1B | ||
| Q2 24 | $768.6M | $1.1B | ||
| Q1 24 | $774.6M | $1.1B |
负债/权益比ATECDOCS
| 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 | $60.9M |
| 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 | — | 0.99× |
| 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ATECDOCS
| Q4 25 | $20.7M | $60.9M | ||
| Q3 25 | $14.0M | $93.9M | ||
| Q2 25 | $15.5M | $62.1M | ||
| Q1 25 | $-5.0M | $98.5M | ||
| Q4 24 | $10.5M | $65.2M | ||
| Q3 24 | $-5.3M | $68.3M | ||
| Q2 24 | $-11.4M | $41.2M | ||
| Q1 24 | $-38.4M | $63.9M |
自由现金流ATECDOCS
| 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ATECDOCS
| 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ATECDOCS
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 5.9% | 0.0% | ||
| Q4 24 | 1.1% | 0.0% | ||
| Q3 24 | 10.5% | 0.0% | ||
| Q2 24 | 23.4% | 0.0% | ||
| Q1 24 | 22.6% | 0.0% |
现金转化率ATECDOCS
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.58× | ||
| Q4 24 | — | 0.87× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.57× |
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
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
