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Alphatec Holdings, Inc.（ATEC）与Empire State Realty Trust, Inc.（ESRT）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Empire State Realty Trust, Inc.的1.1倍（$212.9M vs $190.3M），Empire State Realty Trust, Inc.净利率更高（1.6% vs -10.2%，领先11.8%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 5.7%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 0.2%）
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。
帝国州房地产信托是一家美国房地产投资信托企业，持有并运营纽约大都会区的优质办公、零售及住宅物业，旗下资产包括地标性建筑帝国大厦，主打可持续运营模式，服务各类租户及住户，专注实现长期资产增值。
ATEC vs ESRT — 直观对比
营收规模更大
ATEC
是对方的1.1倍
$190.3M
营收增速更快
ATEC
高出14.7%
5.7%
净利率更高
ESRT
高出11.8%
-10.2%
两年增速更快
ATEC
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $190.3M |
| 净利润 | $-21.7M | $3.0M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | 15.5% |
| 净利率 | -10.2% | 1.6% |
| 营收同比 | 20.4% | 5.7% |
| 净利润同比 | 34.8% | -73.7% |
| 每股收益（稀释后） | $-0.15 | $0.20 |
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ATECESRT
| Q1 26 | — | $190.3M | ||
| Q4 25 | $212.9M | $199.2M | ||
| Q3 25 | $196.5M | $197.7M | ||
| Q2 25 | $185.5M | $191.3M | ||
| Q1 25 | $169.2M | $180.1M | ||
| Q4 24 | $176.8M | $197.6M | ||
| Q3 24 | $150.7M | $199.6M | ||
| Q2 24 | $145.6M | $189.5M |
净利润ATECESRT
| Q1 26 | — | $3.0M | ||
| Q4 25 | $-21.7M | $32.2M | ||
| Q3 25 | $-28.6M | $13.6M | ||
| Q2 25 | $-41.1M | $11.4M | ||
| Q1 25 | $-51.9M | $15.8M | ||
| Q4 24 | $-33.3M | $18.8M | ||
| Q3 24 | $-39.6M | $22.8M | ||
| Q2 24 | $-40.7M | $28.6M |
毛利率ATECESRT
| 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ATECESRT
| Q1 26 | — | 15.5% | ||
| Q4 25 | -4.1% | 17.8% | ||
| Q3 25 | -8.1% | 19.9% | ||
| Q2 25 | -7.1% | 18.4% | ||
| Q1 25 | -26.2% | 14.3% | ||
| Q4 24 | -13.5% | 21.7% | ||
| Q3 24 | -22.4% | 22.7% | ||
| Q2 24 | -24.3% | 20.8% |
净利率ATECESRT
| Q1 26 | — | 1.6% | ||
| Q4 25 | -10.2% | 16.1% | ||
| Q3 25 | -14.5% | 6.9% | ||
| Q2 25 | -22.2% | 6.0% | ||
| Q1 25 | -30.7% | 8.8% | ||
| Q4 24 | -18.9% | 9.5% | ||
| Q3 24 | -26.3% | 11.4% | ||
| Q2 24 | -27.9% | 15.1% |
每股收益（稀释后）ATECESRT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.15 | $0.11 | ||
| Q3 25 | $-0.19 | $0.05 | ||
| Q2 25 | $-0.27 | $0.04 | ||
| Q1 25 | $-0.35 | $0.05 | ||
| Q4 24 | $-0.22 | $0.07 | ||
| Q3 24 | $-0.28 | $0.08 | ||
| Q2 24 | $-0.29 | $0.10 |
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 | $68.8M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $1.8B |
| 总资产 | $791.2M | $4.4B |
| 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ATECESRT
| Q1 26 | — | $68.8M | ||
| Q4 25 | $160.8M | $132.7M | ||
| Q3 25 | $155.7M | $154.1M | ||
| Q2 25 | $157.1M | $94.6M | ||
| Q1 25 | $153.2M | $187.8M | ||
| Q4 24 | $138.8M | $385.5M | ||
| Q3 24 | $81.0M | $421.9M | ||
| Q2 24 | $99.8M | $535.5M |
总债务ATECESRT
| 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ATECESRT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $12.4M | $1.1B | ||
| Q3 25 | $11.5M | $1.0B | ||
| Q2 25 | $23.8M | $1.0B | ||
| Q1 25 | $-85.9M | $1.0B | ||
| Q4 24 | $-14.2M | $1.0B | ||
| Q3 24 | $-1.4M | $1.0B | ||
| Q2 24 | $17.1M | $1.0B |
总资产ATECESRT
| Q1 26 | — | $4.4B | ||
| Q4 25 | $791.2M | $4.5B | ||
| Q3 25 | $787.2M | $4.1B | ||
| Q2 25 | $790.3M | $4.1B | ||
| Q1 25 | $785.5M | $4.1B | ||
| Q4 24 | $775.7M | $4.5B | ||
| Q3 24 | $745.9M | $4.4B | ||
| Q2 24 | $768.6M | $4.4B |
负债/权益比ATECESRT
| 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% | 10.0% |
| 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ATECESRT
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $249.1M | ||
| Q3 25 | $14.0M | $105.3M | ||
| Q2 25 | $15.5M | $26.7M | ||
| Q1 25 | $-5.0M | $83.1M | ||
| Q4 24 | $10.5M | $260.9M | ||
| Q3 24 | $-5.3M | $102.8M | ||
| Q2 24 | $-11.4M | $37.1M |
自由现金流ATECESRT
| Q1 26 | — | — | ||
| Q4 25 | $7.7M | $50.6M | ||
| Q3 25 | $4.8M | $72.8M | ||
| Q2 25 | $5.2M | $-55.1M | ||
| Q1 25 | $-15.0M | $41.1M | ||
| Q4 24 | $8.5M | $88.0M | ||
| Q3 24 | $-21.2M | $-65.1M | ||
| Q2 24 | $-45.5M | $19.5M |
自由现金流率ATECESRT
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 25.4% | ||
| Q3 25 | 2.4% | 36.8% | ||
| Q2 25 | 2.8% | -28.8% | ||
| Q1 25 | -8.9% | 22.8% | ||
| Q4 24 | 4.8% | 44.5% | ||
| Q3 24 | -14.1% | -32.6% | ||
| Q2 24 | -31.3% | 10.3% |
资本支出强度ATECESRT
| Q1 26 | — | 10.0% | ||
| Q4 25 | 6.1% | 99.6% | ||
| Q3 25 | 4.7% | 16.5% | ||
| Q2 25 | 5.6% | 42.8% | ||
| Q1 25 | 5.9% | 23.4% | ||
| Q4 24 | 1.1% | 87.5% | ||
| Q3 24 | 10.5% | 84.1% | ||
| Q2 24 | 23.4% | 9.3% |
现金转化率ATECESRT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.74× | ||
| Q3 25 | — | 7.72× | ||
| Q2 25 | — | 2.35× | ||
| Q1 25 | — | 5.27× | ||
| Q4 24 | — | 13.88× | ||
| Q3 24 | — | 4.51× | ||
| Q2 24 | — | 1.30× |
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
ESRT
| Rental revenue (1) | $166.1M | 87% |
| Observatory revenue | $18.5M | 10% |
| Other revenue and fees | $4.1M | 2% |
| Lease termination fees | $1.4M | 1% |
| Third-party management and other fees | $277.0K | 0% |
