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Alphatec Holdings, Inc.（ATEC）与EverCommerce Inc.（EVCM）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EverCommerce Inc.的1.4倍（$212.9M vs $151.2M），EverCommerce Inc.净利率更高（4.0% vs -10.2%，领先14.2%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 5.2%），EverCommerce Inc.自由现金流更多（$21.0M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 4.7%）
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。
EverCommerce Inc.是面向服务类中小企业的领先集成SaaS解决方案提供商，核心市场覆盖北美及部分全球区域，产品线包含业务管理、支付处理、客户互动、营销工具等，服务家庭服务、健康康养、健身等多个细分领域。
ATEC vs EVCM — 直观对比
营收规模更大
ATEC
是对方的1.4倍
$151.2M
营收增速更快
ATEC
高出15.3%
5.2%
净利率更高
EVCM
高出14.2%
-10.2%
自由现金流更多
EVCM
多$13.3M
$7.7M
两年增速更快
ATEC
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $151.2M |
| 净利润 | $-21.7M | $6.0M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | 8.8% |
| 净利率 | -10.2% | 4.0% |
| 营收同比 | 20.4% | 5.2% |
| 净利润同比 | 34.8% | 149.4% |
| 每股收益（稀释后） | $-0.15 | $0.04 |
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ATECEVCM
| Q4 25 | $212.9M | $151.2M | ||
| Q3 25 | $196.5M | $147.5M | ||
| Q2 25 | $185.5M | $148.0M | ||
| Q1 25 | $169.2M | $142.3M | ||
| Q4 24 | $176.8M | $143.7M | ||
| Q3 24 | $150.7M | $140.1M | ||
| Q2 24 | $145.6M | $140.5M | ||
| Q1 24 | $138.5M | $137.9M |
净利润ATECEVCM
| Q4 25 | $-21.7M | $6.0M | ||
| Q3 25 | $-28.6M | $11.1M | ||
| Q2 25 | $-41.1M | $8.2M | ||
| Q1 25 | $-51.9M | $-7.7M | ||
| Q4 24 | $-33.3M | $-12.2M | ||
| Q3 24 | $-39.6M | $-9.2M | ||
| Q2 24 | $-40.7M | $-3.4M | ||
| Q1 24 | $-48.5M | $-16.3M |
毛利率ATECEVCM
| 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% | — | ||
| Q1 24 | 70.3% | — |
营业利润率ATECEVCM
| Q4 25 | -4.1% | 8.8% | ||
| Q3 25 | -8.1% | 10.8% | ||
| Q2 25 | -7.1% | 10.7% | ||
| Q1 25 | -26.2% | 10.0% | ||
| Q4 24 | -13.5% | 8.8% | ||
| Q3 24 | -22.4% | 7.2% | ||
| Q2 24 | -24.3% | 5.5% | ||
| Q1 24 | -31.3% | -3.1% |
净利率ATECEVCM
| Q4 25 | -10.2% | 4.0% | ||
| Q3 25 | -14.5% | 7.5% | ||
| Q2 25 | -22.2% | 5.5% | ||
| Q1 25 | -30.7% | -5.4% | ||
| Q4 24 | -18.9% | -8.5% | ||
| Q3 24 | -26.3% | -6.5% | ||
| Q2 24 | -27.9% | -2.4% | ||
| Q1 24 | -35.0% | -11.8% |
每股收益（稀释后）ATECEVCM
| Q4 25 | $-0.15 | $0.04 | ||
| Q3 25 | $-0.19 | $0.06 | ||
| Q2 25 | $-0.27 | $0.04 | ||
| Q1 25 | $-0.35 | $-0.04 | ||
| Q4 24 | $-0.22 | $-0.06 | ||
| Q3 24 | $-0.28 | $-0.05 | ||
| Q2 24 | $-0.29 | $-0.02 | ||
| Q1 24 | $-0.34 | $-0.09 |
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 | $129.7M |
| 总债务越低越好 | $565.9M | $523.4M |
| 股东权益账面价值 | $12.4M | $716.9M |
| 总资产 | $791.2M | $1.4B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资ATECEVCM
| Q4 25 | $160.8M | $129.7M | ||
| Q3 25 | $155.7M | $106.9M | ||
| Q2 25 | $157.1M | $151.1M | ||
| Q1 25 | $153.2M | $148.4M | ||
| Q4 24 | $138.8M | $135.8M | ||
| Q3 24 | $81.0M | $101.6M | ||
| Q2 24 | $99.8M | $86.7M | ||
| Q1 24 | $144.1M | $90.0M |
总债务ATECEVCM
| Q4 25 | $565.9M | $523.4M | ||
| Q3 25 | $559.7M | $524.6M | ||
| Q2 25 | $553.9M | $525.8M | ||
| Q1 25 | $548.4M | $526.9M | ||
| Q4 24 | $576.2M | $527.9M | ||
| Q3 24 | $527.7M | $529.0M | ||
| Q2 24 | $519.2M | $530.1M | ||
| Q1 24 | $514.4M | $531.1M |
股东权益ATECEVCM
| Q4 25 | $12.4M | $716.9M | ||
| Q3 25 | $11.5M | $728.5M | ||
| Q2 25 | $23.8M | $744.0M | ||
| Q1 25 | $-85.9M | $739.6M | ||
| Q4 24 | $-14.2M | $750.8M | ||
| Q3 24 | $-1.4M | $770.7M | ||
| Q2 24 | $17.1M | $784.1M | ||
| Q1 24 | $37.6M | $800.7M |
总资产ATECEVCM
| Q4 25 | $791.2M | $1.4B | ||
| Q3 25 | $787.2M | $1.4B | ||
| Q2 25 | $790.3M | $1.4B | ||
| Q1 25 | $785.5M | $1.4B | ||
| Q4 24 | $775.7M | $1.4B | ||
| Q3 24 | $745.9M | $1.5B | ||
| Q2 24 | $768.6M | $1.5B | ||
| Q1 24 | $774.6M | $1.5B |
负债/权益比ATECEVCM
| Q4 25 | 45.54× | 0.73× | ||
| Q3 25 | 48.64× | 0.72× | ||
| Q2 25 | 23.30× | 0.71× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | 30.34× | 0.68× | ||
| Q1 24 | 13.70× | 0.66× |
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 | $21.3M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $21.0M |
| 自由现金流率自由现金流/营收 | 3.6% | 13.9% |
| 资本支出强度资本支出/营收 | 6.1% | 0.2% |
| 现金转化率经营现金流/净利润 | — | 3.52× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $109.2M |
8季度趋势，按日历期对齐
经营现金流ATECEVCM
| Q4 25 | $20.7M | $21.3M | ||
| Q3 25 | $14.0M | $32.5M | ||
| Q2 25 | $15.5M | $27.0M | ||
| Q1 25 | $-5.0M | $30.7M | ||
| Q4 24 | $10.5M | $48.4M | ||
| Q3 24 | $-5.3M | $27.5M | ||
| Q2 24 | $-11.4M | $23.9M | ||
| Q1 24 | $-38.4M | $13.3M |
自由现金流ATECEVCM
| Q4 25 | $7.7M | $21.0M | ||
| Q3 25 | $4.8M | $31.6M | ||
| Q2 25 | $5.2M | $26.5M | ||
| Q1 25 | $-15.0M | $30.2M | ||
| Q4 24 | $8.5M | $48.2M | ||
| Q3 24 | $-21.2M | $27.4M | ||
| Q2 24 | $-45.5M | $23.3M | ||
| Q1 24 | $-69.8M | $12.9M |
自由现金流率ATECEVCM
| Q4 25 | 3.6% | 13.9% | ||
| Q3 25 | 2.4% | 21.4% | ||
| Q2 25 | 2.8% | 17.9% | ||
| Q1 25 | -8.9% | 21.2% | ||
| Q4 24 | 4.8% | 33.5% | ||
| Q3 24 | -14.1% | 19.5% | ||
| Q2 24 | -31.3% | 16.6% | ||
| Q1 24 | -50.4% | 9.4% |
资本支出强度ATECEVCM
| Q4 25 | 6.1% | 0.2% | ||
| Q3 25 | 4.7% | 0.6% | ||
| Q2 25 | 5.6% | 0.3% | ||
| Q1 25 | 5.9% | 0.3% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 10.5% | 0.1% | ||
| Q2 24 | 23.4% | 0.5% | ||
| Q1 24 | 22.6% | 0.3% |
现金转化率ATECEVCM
| Q4 25 | — | 3.52× | ||
| Q3 25 | — | 2.93× | ||
| Q2 25 | — | 3.31× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
EVCM
| Transferred Over Time | $146.4M | 97% |
| Transferred At Point In Time | $4.8M | 3% |
