vs
Alphatec Holdings, Inc.（ATEC）与Ecovyst Inc.（ECVT）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Ecovyst Inc.的1.1倍（$212.9M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 20.4%），Ecovyst Inc.自由现金流更多（$22.9M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 18.7%）
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。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
ATEC vs ECVT — 直观对比
营收规模更大
ATEC
是对方的1.1倍
$199.4M
营收增速更快
ECVT
高出13.5%
20.4%
自由现金流更多
ECVT
多$15.2M
$7.7M
两年增速更快
ATEC
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $199.4M |
| 净利润 | $-21.7M | — |
| 毛利率 | 70.2% | 23.4% |
| 营业利润率 | -4.1% | 10.9% |
| 净利率 | -10.2% | — |
| 营收同比 | 20.4% | 34.0% |
| 净利润同比 | 34.8% | — |
| 每股收益（稀释后） | $-0.15 | $0.06 |
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ATECECVT
| Q4 25 | $212.9M | $199.4M | ||
| Q3 25 | $196.5M | $204.9M | ||
| Q2 25 | $185.5M | $176.1M | ||
| Q1 25 | $169.2M | $143.1M | ||
| Q4 24 | $176.8M | $148.9M | ||
| Q3 24 | $150.7M | $153.9M | ||
| Q2 24 | $145.6M | $154.0M | ||
| Q1 24 | $138.5M | $141.6M |
净利润ATECECVT
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $-79.3M | ||
| Q2 25 | $-41.1M | $6.0M | ||
| Q1 25 | $-51.9M | $-3.6M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $14.3M | ||
| Q2 24 | $-40.7M | $8.3M | ||
| Q1 24 | $-48.5M | $1.2M |
毛利率ATECECVT
| Q4 25 | 70.2% | 23.4% | ||
| Q3 25 | 69.9% | 25.4% | ||
| Q2 25 | 69.6% | 22.8% | ||
| Q1 25 | 68.6% | 13.3% | ||
| Q4 24 | 68.8% | 28.9% | ||
| Q3 24 | 68.2% | 29.3% | ||
| Q2 24 | 70.5% | 27.3% | ||
| Q1 24 | 70.3% | 23.5% |
营业利润率ATECECVT
| Q4 25 | -4.1% | 10.9% | ||
| Q3 25 | -8.1% | 13.8% | ||
| Q2 25 | -7.1% | 9.0% | ||
| Q1 25 | -26.2% | -0.7% | ||
| Q4 24 | -13.5% | 15.1% | ||
| Q3 24 | -22.4% | 17.9% | ||
| Q2 24 | -24.3% | 14.1% | ||
| Q1 24 | -31.3% | 9.5% |
净利率ATECECVT
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | -38.7% | ||
| Q2 25 | -22.2% | 3.4% | ||
| Q1 25 | -30.7% | -2.5% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | 9.3% | ||
| Q2 24 | -27.9% | 5.4% | ||
| Q1 24 | -35.0% | 0.9% |
每股收益（稀释后）ATECECVT
| Q4 25 | $-0.15 | $0.06 | ||
| Q3 25 | $-0.19 | $-0.69 | ||
| Q2 25 | $-0.27 | $0.05 | ||
| Q1 25 | $-0.35 | $-0.03 | ||
| Q4 24 | $-0.22 | $-0.26 | ||
| Q3 24 | $-0.28 | $0.12 | ||
| Q2 24 | $-0.29 | $0.07 | ||
| Q1 24 | $-0.34 | $0.01 |
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 | $197.2M |
| 总债务越低越好 | $565.9M | $392.6M |
| 股东权益账面价值 | $12.4M | $603.4M |
| 总资产 | $791.2M | $1.3B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资ATECECVT
| Q4 25 | $160.8M | $197.2M | ||
| Q3 25 | $155.7M | $82.0M | ||
| Q2 25 | $157.1M | $69.6M | ||
| Q1 25 | $153.2M | $127.5M | ||
| Q4 24 | $138.8M | $131.4M | ||
| Q3 24 | $81.0M | $123.5M | ||
| Q2 24 | $99.8M | $83.3M | ||
| Q1 24 | $144.1M | $103.1M |
总债务ATECECVT
| Q4 25 | $565.9M | $392.6M | ||
| Q3 25 | $559.7M | $854.8M | ||
| Q2 25 | $553.9M | $856.6M | ||
| Q1 25 | $548.4M | $859.0M | ||
| Q4 24 | $576.2M | $860.8M | ||
| Q3 24 | $527.7M | $862.7M | ||
| Q2 24 | $519.2M | $862.4M | ||
| Q1 24 | $514.4M | $866.2M |
股东权益ATECECVT
| Q4 25 | $12.4M | $603.4M | ||
| Q3 25 | $11.5M | $607.9M | ||
| Q2 25 | $23.8M | $692.4M | ||
| Q1 25 | $-85.9M | $698.7M | ||
| Q4 24 | $-14.2M | $700.5M | ||
| Q3 24 | $-1.4M | $729.4M | ||
| Q2 24 | $17.1M | $717.3M | ||
| Q1 24 | $37.6M | $711.4M |
总资产ATECECVT
| Q4 25 | $791.2M | $1.3B | ||
| Q3 25 | $787.2M | $1.7B | ||
| Q2 25 | $790.3M | $1.8B | ||
| Q1 25 | $785.5M | $1.8B | ||
| Q4 24 | $775.7M | $1.8B | ||
| Q3 24 | $745.9M | $1.8B | ||
| Q2 24 | $768.6M | $1.8B | ||
| Q1 24 | $774.6M | $1.8B |
负债/权益比ATECECVT
| Q4 25 | 45.54× | 0.65× | ||
| Q3 25 | 48.64× | 1.41× | ||
| Q2 25 | 23.30× | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | 30.34× | 1.20× | ||
| Q1 24 | 13.70× | 1.22× |
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 | $41.8M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $22.9M |
| 自由现金流率自由现金流/营收 | 3.6% | 11.5% |
| 资本支出强度资本支出/营收 | 6.1% | 9.4% |
| 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 | $69.9M |
8季度趋势，按日历期对齐
经营现金流ATECECVT
| Q4 25 | $20.7M | $41.8M | ||
| Q3 25 | $14.0M | $55.3M | ||
| Q2 25 | $15.5M | $33.0M | ||
| Q1 25 | $-5.0M | $10.3M | ||
| Q4 24 | $10.5M | $43.5M | ||
| Q3 24 | $-5.3M | $59.9M | ||
| Q2 24 | $-11.4M | $10.0M | ||
| Q1 24 | $-38.4M | $36.5M |
自由现金流ATECECVT
| Q4 25 | $7.7M | $22.9M | ||
| Q3 25 | $4.8M | $53.2M | ||
| Q2 25 | $5.2M | $7.8M | ||
| Q1 25 | $-15.0M | $-14.0M | ||
| Q4 24 | $8.5M | $30.9M | ||
| Q3 24 | $-21.2M | $53.6M | ||
| Q2 24 | $-45.5M | $-9.3M | ||
| Q1 24 | $-69.8M | $19.1M |
自由现金流率ATECECVT
| Q4 25 | 3.6% | 11.5% | ||
| Q3 25 | 2.4% | 26.0% | ||
| Q2 25 | 2.8% | 4.4% | ||
| Q1 25 | -8.9% | -9.8% | ||
| Q4 24 | 4.8% | 20.7% | ||
| Q3 24 | -14.1% | 34.9% | ||
| Q2 24 | -31.3% | -6.1% | ||
| Q1 24 | -50.4% | 13.5% |
资本支出强度ATECECVT
| Q4 25 | 6.1% | 9.4% | ||
| Q3 25 | 4.7% | 1.0% | ||
| Q2 25 | 5.6% | 14.4% | ||
| Q1 25 | 5.9% | 16.9% | ||
| Q4 24 | 1.1% | 8.5% | ||
| Q3 24 | 10.5% | 4.1% | ||
| Q2 24 | 23.4% | 12.5% | ||
| Q1 24 | 22.6% | 12.3% |
现金转化率ATECECVT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.21× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 29.90× |
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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
