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Alphatec Holdings, Inc.（ATEC）与ESCO TECHNOLOGIES INC（ESE）财务数据对比。点击上方公司名可切换其他公司
ESCO TECHNOLOGIES INC的季度营收约是Alphatec Holdings, Inc.的1.4倍（$289.7M vs $212.9M），ESCO TECHNOLOGIES INC净利率更高（9.9% vs -10.2%，领先20.1%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 17.3%），ESCO TECHNOLOGIES INC自由现金流更多（$63.0M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 7.8%）
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。
ESCO是来自新加坡的品牌，专注于实验室领域相关产品及服务的研发、生产与销售，可为各类科研、检测及工业实验室提供适配的产品解决方案与配套支持，产品广泛应用于生命科学、医疗健康、工业检测等多个领域。
ATEC vs ESE — 直观对比
营收规模更大
ESE
是对方的1.4倍
$212.9M
营收增速更快
ATEC
高出3.2%
17.3%
净利率更高
ESE
高出20.1%
-10.2%
自由现金流更多
ESE
多$55.2M
$7.7M
两年增速更快
ATEC
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $289.7M |
| 净利润 | $-21.7M | $28.7M |
| 毛利率 | 70.2% | 41.4% |
| 营业利润率 | -4.1% | 13.2% |
| 净利率 | -10.2% | 9.9% |
| 营收同比 | 20.4% | 17.3% |
| 净利润同比 | 34.8% | 22.2% |
| 每股收益（稀释后） | $-0.15 | $1.11 |
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ATECESE
| Q4 25 | $212.9M | $289.7M | ||
| Q3 25 | $196.5M | $286.5M | ||
| Q2 25 | $185.5M | $296.3M | ||
| Q1 25 | $169.2M | $265.5M | ||
| Q4 24 | $176.8M | $247.0M | ||
| Q3 24 | $150.7M | $298.5M | ||
| Q2 24 | $145.6M | $260.8M | ||
| Q1 24 | $138.5M | $249.1M |
净利润ATECESE
| Q4 25 | $-21.7M | $28.7M | ||
| Q3 25 | $-28.6M | $218.7M | ||
| Q2 25 | $-41.1M | $26.1M | ||
| Q1 25 | $-51.9M | $31.0M | ||
| Q4 24 | $-33.3M | $23.5M | ||
| Q3 24 | $-39.6M | $34.3M | ||
| Q2 24 | $-40.7M | $29.2M | ||
| Q1 24 | $-48.5M | $23.2M |
毛利率ATECESE
| Q4 25 | 70.2% | 41.4% | ||
| Q3 25 | 69.9% | 45.9% | ||
| Q2 25 | 69.6% | 41.2% | ||
| Q1 25 | 68.6% | 41.1% | ||
| Q4 24 | 68.8% | 39.8% | ||
| Q3 24 | 68.2% | 40.1% | ||
| Q2 24 | 70.5% | 39.6% | ||
| Q1 24 | 70.3% | 38.8% |
营业利润率ATECESE
| Q4 25 | -4.1% | 13.2% | ||
| Q3 25 | -8.1% | 17.2% | ||
| Q2 25 | -7.1% | 11.2% | ||
| Q1 25 | -26.2% | 15.3% | ||
| Q4 24 | -13.5% | 11.4% | ||
| Q3 24 | -22.4% | 14.8% | ||
| Q2 24 | -24.3% | 14.3% | ||
| Q1 24 | -31.3% | 11.7% |
净利率ATECESE
| Q4 25 | -10.2% | 9.9% | ||
| Q3 25 | -14.5% | 76.3% | ||
| Q2 25 | -22.2% | 8.8% | ||
| Q1 25 | -30.7% | 11.7% | ||
| Q4 24 | -18.9% | 9.5% | ||
| Q3 24 | -26.3% | 11.5% | ||
| Q2 24 | -27.9% | 11.2% | ||
| Q1 24 | -35.0% | 9.3% |
每股收益（稀释后）ATECESE
| Q4 25 | $-0.15 | $1.11 | ||
| Q3 25 | $-0.19 | $8.43 | ||
| Q2 25 | $-0.27 | $1.01 | ||
| Q1 25 | $-0.35 | $1.20 | ||
| Q4 24 | $-0.22 | $0.91 | ||
| Q3 24 | $-0.28 | $1.32 | ||
| Q2 24 | $-0.29 | $1.13 | ||
| Q1 24 | $-0.34 | $0.90 |
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 | $103.8M |
| 总债务越低越好 | $565.9M | $145.5M |
| 股东权益账面价值 | $12.4M | $1.6B |
| 总资产 | $791.2M | $2.4B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ATECESE
| Q4 25 | $160.8M | $103.8M | ||
| Q3 25 | $155.7M | $101.3M | ||
| Q2 25 | $157.1M | $78.7M | ||
| Q1 25 | $153.2M | $57.4M | ||
| Q4 24 | $138.8M | $71.3M | ||
| Q3 24 | $81.0M | $66.0M | ||
| Q2 24 | $99.8M | $63.0M | ||
| Q1 24 | $144.1M | $59.4M |
总债务ATECESE
| Q4 25 | $565.9M | $145.5M | ||
| Q3 25 | $559.7M | $186.0M | ||
| Q2 25 | $553.9M | $525.0M | ||
| Q1 25 | $548.4M | $88.0M | ||
| Q4 24 | $576.2M | $112.0M | ||
| Q3 24 | $527.7M | $122.0M | ||
| Q2 24 | $519.2M | $173.0M | ||
| Q1 24 | $514.4M | $191.0M |
股东权益ATECESE
| Q4 25 | $12.4M | $1.6B | ||
| Q3 25 | $11.5M | $1.5B | ||
| Q2 25 | $23.8M | $1.3B | ||
| Q1 25 | $-85.9M | $1.3B | ||
| Q4 24 | $-14.2M | $1.2B | ||
| Q3 24 | $-1.4M | $1.2B | ||
| Q2 24 | $17.1M | $1.2B | ||
| Q1 24 | $37.6M | $1.2B |
总资产ATECESE
| Q4 25 | $791.2M | $2.4B | ||
| Q3 25 | $787.2M | $2.4B | ||
| Q2 25 | $790.3M | $2.5B | ||
| 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ATECESE
| Q4 25 | 45.54× | 0.09× | ||
| Q3 25 | 48.64× | 0.12× | ||
| Q2 25 | 23.30× | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | 30.34× | 0.14× | ||
| Q1 24 | 13.70× | 0.16× |
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 | $68.9M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $63.0M |
| 自由现金流率自由现金流/营收 | 3.6% | 21.7% |
| 资本支出强度资本支出/营收 | 6.1% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 2.40× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $239.6M |
8季度趋势，按日历期对齐
经营现金流ATECESE
| Q4 25 | $20.7M | $68.9M | ||
| Q3 25 | $14.0M | $109.9M | ||
| Q2 25 | $15.5M | $73.7M | ||
| Q1 25 | $-5.0M | $24.1M | ||
| Q4 24 | $10.5M | $34.2M | ||
| Q3 24 | $-5.3M | $72.1M | ||
| Q2 24 | $-11.4M | $36.2M | ||
| Q1 24 | $-38.4M | $10.5M |
自由现金流ATECESE
| Q4 25 | $7.7M | $63.0M | ||
| Q3 25 | $4.8M | $97.8M | ||
| Q2 25 | $5.2M | $64.9M | ||
| Q1 25 | $-15.0M | $14.0M | ||
| Q4 24 | $8.5M | $29.0M | ||
| Q3 24 | $-21.2M | $60.9M | ||
| Q2 24 | $-45.5M | $27.6M | ||
| Q1 24 | $-69.8M | $2.0M |
自由现金流率ATECESE
| Q4 25 | 3.6% | 21.7% | ||
| Q3 25 | 2.4% | 34.1% | ||
| Q2 25 | 2.8% | 21.9% | ||
| Q1 25 | -8.9% | 5.3% | ||
| Q4 24 | 4.8% | 11.7% | ||
| Q3 24 | -14.1% | 20.4% | ||
| Q2 24 | -31.3% | 10.6% | ||
| Q1 24 | -50.4% | 0.8% |
资本支出强度ATECESE
| Q4 25 | 6.1% | 2.0% | ||
| Q3 25 | 4.7% | 4.2% | ||
| Q2 25 | 5.6% | 3.0% | ||
| Q1 25 | 5.9% | 3.8% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 10.5% | 3.8% | ||
| Q2 24 | 23.4% | 3.3% | ||
| Q1 24 | 22.6% | 3.4% |
现金转化率ATECESE
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 2.10× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.45× |
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
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
