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Alphatec Holdings, Inc.（ATEC）与慧与（EFSC）财务数据对比。点击上方公司名可切换其他公司
Alphatec Holdings, Inc.的季度营收约是慧与的1.1倍（$212.9M vs $185.2M），慧与净利率更高（26.6% vs -10.2%，领先36.9%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 9.0%）
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。
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
ATEC vs EFSC — 直观对比
营收规模更大
ATEC
是对方的1.1倍
$185.2M
净利率更高
EFSC
高出36.9%
-10.2%
两年增速更快
ATEC
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $185.2M |
| 净利润 | $-21.7M | $49.4M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | — |
| 净利率 | -10.2% | 26.6% |
| 营收同比 | 20.4% | — |
| 净利润同比 | 34.8% | -1.2% |
| 每股收益（稀释后） | $-0.15 | $1.30 |
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ATECEFSC
| Q1 26 | — | $185.2M | ||
| Q4 25 | $212.9M | $193.6M | ||
| Q3 25 | $196.5M | $206.9M | ||
| Q2 25 | $185.5M | $173.4M | ||
| Q1 25 | $169.2M | $166.0M | ||
| Q4 24 | $176.8M | $167.0M | ||
| Q3 24 | $150.7M | $164.9M | ||
| Q2 24 | $145.6M | $156.0M |
净利润ATECEFSC
| Q1 26 | — | $49.4M | ||
| Q4 25 | $-21.7M | $54.8M | ||
| Q3 25 | $-28.6M | $45.2M | ||
| Q2 25 | $-41.1M | $51.4M | ||
| Q1 25 | $-51.9M | $50.0M | ||
| Q4 24 | $-33.3M | $48.8M | ||
| Q3 24 | $-39.6M | $50.6M | ||
| Q2 24 | $-40.7M | $45.4M |
毛利率ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | 70.2% | — | ||
| Q3 25 | 69.9% | — | ||
| Q2 25 | 69.6% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 68.8% | — | ||
| Q3 24 | 68.2% | — | ||
| Q2 24 | 70.5% | — |
营业利润率ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | — | ||
| Q3 25 | -8.1% | 42.9% | ||
| Q2 25 | -7.1% | 37.0% | ||
| Q1 25 | -26.2% | 36.8% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -22.4% | 38.1% | ||
| Q2 24 | -24.3% | 36.7% |
净利率ATECEFSC
| Q1 26 | — | 26.6% | ||
| Q4 25 | -10.2% | 28.3% | ||
| Q3 25 | -14.5% | 21.9% | ||
| Q2 25 | -22.2% | 29.6% | ||
| Q1 25 | -30.7% | 30.1% | ||
| Q4 24 | -18.9% | 29.2% | ||
| Q3 24 | -26.3% | 30.7% | ||
| Q2 24 | -27.9% | 29.1% |
每股收益（稀释后）ATECEFSC
| Q1 26 | — | $1.30 | ||
| Q4 25 | $-0.15 | $1.45 | ||
| Q3 25 | $-0.19 | $1.19 | ||
| Q2 25 | $-0.27 | $1.36 | ||
| Q1 25 | $-0.35 | $1.31 | ||
| Q4 24 | $-0.22 | $1.27 | ||
| Q3 24 | $-0.28 | $1.32 | ||
| Q2 24 | $-0.29 | $1.19 |
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 | — |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $2.1B |
| 总资产 | $791.2M | $17.3B |
| 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ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $99.8M | — |
总债务ATECEFSC
| Q1 26 | — | — | ||
| 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 | — |
股东权益ATECEFSC
| Q1 26 | — | $2.1B | ||
| Q4 25 | $12.4M | $2.0B | ||
| Q3 25 | $11.5M | $2.0B | ||
| Q2 25 | $23.8M | $1.9B | ||
| Q1 25 | $-85.9M | $1.9B | ||
| Q4 24 | $-14.2M | $1.8B | ||
| Q3 24 | $-1.4M | $1.8B | ||
| Q2 24 | $17.1M | $1.8B |
总资产ATECEFSC
| Q1 26 | — | $17.3B | ||
| Q4 25 | $791.2M | $17.3B | ||
| Q3 25 | $787.2M | $16.4B | ||
| Q2 25 | $790.3M | $16.1B | ||
| Q1 25 | $785.5M | $15.7B | ||
| Q4 24 | $775.7M | $15.6B | ||
| Q3 24 | $745.9M | $15.0B | ||
| Q2 24 | $768.6M | $14.6B |
负债/权益比ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.34× | — |
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ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $193.5M | ||
| Q3 25 | $14.0M | $49.4M | ||
| Q2 25 | $15.5M | $61.3M | ||
| Q1 25 | $-5.0M | $40.0M | ||
| Q4 24 | $10.5M | $247.4M | ||
| Q3 24 | $-5.3M | $89.0M | ||
| Q2 24 | $-11.4M | $76.5M |
自由现金流ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | $7.7M | $181.5M | ||
| Q3 25 | $4.8M | $47.1M | ||
| Q2 25 | $5.2M | $59.0M | ||
| Q1 25 | $-15.0M | $35.6M | ||
| Q4 24 | $8.5M | $239.9M | ||
| Q3 24 | $-21.2M | $88.2M | ||
| Q2 24 | $-45.5M | $74.7M |
自由现金流率ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 93.8% | ||
| Q3 25 | 2.4% | 22.8% | ||
| Q2 25 | 2.8% | 34.0% | ||
| Q1 25 | -8.9% | 21.5% | ||
| Q4 24 | 4.8% | 143.7% | ||
| Q3 24 | -14.1% | 53.5% | ||
| Q2 24 | -31.3% | 47.9% |
资本支出强度ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 6.2% | ||
| Q3 25 | 4.7% | 1.1% | ||
| Q2 25 | 5.6% | 1.3% | ||
| Q1 25 | 5.9% | 2.7% | ||
| Q4 24 | 1.1% | 4.5% | ||
| Q3 24 | 10.5% | 0.5% | ||
| Q2 24 | 23.4% | 1.1% |
现金转化率ATECEFSC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 5.07× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | — | 1.68× |
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
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
