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Alphatec Holdings, Inc.（ATEC）与FIRST ADVANTAGE CORP（FA）财务数据对比。点击上方公司名可切换其他公司
FIRST ADVANTAGE CORP的季度营收约是Alphatec Holdings, Inc.的2.0倍（$420.0M vs $212.9M），FIRST ADVANTAGE CORP净利率更高（0.8% vs -10.2%，领先11.0%），FIRST ADVANTAGE CORP同比增速更快（36.8% vs 20.4%），FIRST ADVANTAGE CORP自由现金流更多（$62.2M vs $7.7M），过去两年FIRST ADVANTAGE CORP的营收复合增速更高（57.5% vs 24.0%）
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。
First Advantage是全球领先的劳动力筛查与背景验证服务提供商，服务覆盖科技、医疗、金融、零售、制造等多个行业的各规模客户，助力企业管控雇佣风险、满足合规要求，打造安全可信的工作环境。
ATEC vs FA — 直观对比
营收规模更大
FA
是对方的2.0倍
$212.9M
营收增速更快
FA
高出16.3%
20.4%
净利率更高
FA
高出11.0%
-10.2%
自由现金流更多
FA
多$54.4M
$7.7M
两年增速更快
FA
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $420.0M |
| 净利润 | $-21.7M | $3.5M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | 10.7% |
| 净利率 | -10.2% | 0.8% |
| 营收同比 | 20.4% | 36.8% |
| 净利润同比 | 34.8% | 103.5% |
| 每股收益（稀释后） | $-0.15 | $0.03 |
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ATECFA
| Q4 25 | $212.9M | $420.0M | ||
| Q3 25 | $196.5M | $409.2M | ||
| Q2 25 | $185.5M | $390.6M | ||
| Q1 25 | $169.2M | $354.6M | ||
| Q4 24 | $176.8M | $307.1M | ||
| Q3 24 | $150.7M | $199.1M | ||
| Q2 24 | $145.6M | $184.5M | ||
| Q1 24 | $138.5M | $169.4M |
净利润ATECFA
| Q4 25 | $-21.7M | $3.5M | ||
| Q3 25 | $-28.6M | $2.6M | ||
| Q2 25 | $-41.1M | $308.0K | ||
| Q1 25 | $-51.9M | $-41.2M | ||
| Q4 24 | $-33.3M | $-100.4M | ||
| Q3 24 | $-39.6M | $-8.9M | ||
| Q2 24 | $-40.7M | $1.9M | ||
| Q1 24 | $-48.5M | $-2.9M |
毛利率ATECFA
| 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ATECFA
| Q4 25 | -4.1% | 10.7% | ||
| Q3 25 | -8.1% | 10.3% | ||
| Q2 25 | -7.1% | 9.7% | ||
| Q1 25 | -26.2% | 2.1% | ||
| Q4 24 | -13.5% | -26.3% | ||
| Q3 24 | -22.4% | 4.6% | ||
| Q2 24 | -24.3% | 5.4% | ||
| Q1 24 | -31.3% | -0.4% |
净利率ATECFA
| Q4 25 | -10.2% | 0.8% | ||
| Q3 25 | -14.5% | 0.6% | ||
| Q2 25 | -22.2% | 0.1% | ||
| Q1 25 | -30.7% | -11.6% | ||
| Q4 24 | -18.9% | -32.7% | ||
| Q3 24 | -26.3% | -4.4% | ||
| Q2 24 | -27.9% | 1.0% | ||
| Q1 24 | -35.0% | -1.7% |
每股收益（稀释后）ATECFA
| Q4 25 | $-0.15 | $0.03 | ||
| Q3 25 | $-0.19 | $0.01 | ||
| Q2 25 | $-0.27 | $0.00 | ||
| Q1 25 | $-0.35 | $-0.24 | ||
| Q4 24 | $-0.22 | $-0.67 | ||
| Q3 24 | $-0.28 | $-0.06 | ||
| Q2 24 | $-0.29 | $0.01 | ||
| Q1 24 | $-0.34 | $-0.02 |
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 | $240.0M |
| 总债务越低越好 | $565.9M | $2.1B |
| 股东权益账面价值 | $12.4M | $1.3B |
| 总资产 | $791.2M | $3.8B |
| 负债/权益比越低杠杆越低 | 45.54× | 1.61× |
8季度趋势，按日历期对齐
现金及短期投资ATECFA
| Q4 25 | $160.8M | $240.0M | ||
| Q3 25 | $155.7M | $216.8M | ||
| Q2 25 | $157.1M | $184.3M | ||
| Q1 25 | $153.2M | $172.0M | ||
| Q4 24 | $138.8M | $168.7M | ||
| Q3 24 | $81.0M | $307.4M | ||
| Q2 24 | $99.8M | $269.6M | ||
| Q1 24 | $144.1M | $246.0M |
总债务ATECFA
| Q4 25 | $565.9M | $2.1B | ||
| Q3 25 | $559.7M | $2.1B | ||
| Q2 25 | $553.9M | $2.1B | ||
| Q1 25 | $548.4M | $2.2B | ||
| Q4 24 | $576.2M | $2.2B | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECFA
| Q4 25 | $12.4M | $1.3B | ||
| Q3 25 | $11.5M | $1.3B | ||
| Q2 25 | $23.8M | $1.3B | ||
| Q1 25 | $-85.9M | $1.3B | ||
| Q4 24 | $-14.2M | $1.3B | ||
| Q3 24 | $-1.4M | $920.7M | ||
| Q2 24 | $17.1M | $913.3M | ||
| Q1 24 | $37.6M | $907.7M |
总资产ATECFA
| Q4 25 | $791.2M | $3.8B | ||
| Q3 25 | $787.2M | $3.9B | ||
| Q2 25 | $790.3M | $3.9B | ||
| Q1 25 | $785.5M | $3.9B | ||
| Q4 24 | $775.7M | $3.9B | ||
| Q3 24 | $745.9M | $1.7B | ||
| Q2 24 | $768.6M | $1.6B | ||
| Q1 24 | $774.6M | $1.6B |
负债/权益比ATECFA
| Q4 25 | 45.54× | 1.61× | ||
| Q3 25 | 48.64× | 1.64× | ||
| Q2 25 | 23.30× | 1.65× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.34× | — | ||
| Q1 24 | 13.70× | — |
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 | $65.9M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $62.2M |
| 自由现金流率自由现金流/营收 | 3.6% | 14.8% |
| 资本支出强度资本支出/营收 | 6.1% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 19.01× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $188.5M |
8季度趋势，按日历期对齐
经营现金流ATECFA
| Q4 25 | $20.7M | $65.9M | ||
| Q3 25 | $14.0M | $72.4M | ||
| Q2 25 | $15.5M | $37.3M | ||
| Q1 25 | $-5.0M | $19.5M | ||
| Q4 24 | $10.5M | $-85.7M | ||
| Q3 24 | $-5.3M | $43.5M | ||
| Q2 24 | $-11.4M | $32.0M | ||
| Q1 24 | $-38.4M | $38.3M |
自由现金流ATECFA
| Q4 25 | $7.7M | $62.2M | ||
| Q3 25 | $4.8M | $71.2M | ||
| Q2 25 | $5.2M | $36.1M | ||
| Q1 25 | $-15.0M | $19.0M | ||
| Q4 24 | $8.5M | $-86.0M | ||
| Q3 24 | $-21.2M | $43.1M | ||
| Q2 24 | $-45.5M | $31.4M | ||
| Q1 24 | $-69.8M | $38.0M |
自由现金流率ATECFA
| Q4 25 | 3.6% | 14.8% | ||
| Q3 25 | 2.4% | 17.4% | ||
| Q2 25 | 2.8% | 9.2% | ||
| Q1 25 | -8.9% | 5.4% | ||
| Q4 24 | 4.8% | -28.0% | ||
| Q3 24 | -14.1% | 21.6% | ||
| Q2 24 | -31.3% | 17.0% | ||
| Q1 24 | -50.4% | 22.4% |
资本支出强度ATECFA
| Q4 25 | 6.1% | 0.9% | ||
| Q3 25 | 4.7% | 0.3% | ||
| Q2 25 | 5.6% | 0.3% | ||
| Q1 25 | 5.9% | 0.1% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 10.5% | 0.2% | ||
| Q2 24 | 23.4% | 0.4% | ||
| Q1 24 | 22.6% | 0.2% |
现金转化率ATECFA
| Q4 25 | — | 19.01× | ||
| Q3 25 | — | 27.91× | ||
| Q2 25 | — | 121.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 17.22× | ||
| 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
FA
| First Advantage Americas | $209.9M | 50% |
| Sterling | $185.9M | 44% |
| First Advantage International | $24.2M | 6% |
