vs
Alphatec Holdings, Inc.（ATEC）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
化石集团的季度营收约是Alphatec Holdings, Inc.的1.3倍（$270.2M vs $212.9M），Alphatec Holdings, Inc.净利率更高（-10.2% vs -14.8%，领先4.6%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -21.1%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-22.5M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
ATEC vs FOSL — 直观对比
营收规模更大
FOSL
是对方的1.3倍
$212.9M
营收增速更快
ATEC
高出41.5%
-21.1%
净利率更高
ATEC
高出4.6%
-14.8%
自由现金流更多
ATEC
多$30.2M
$-22.5M
两年增速更快
ATEC
近两年复合增速
-11.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $270.2M |
| 净利润 | $-21.7M | $-40.0M |
| 毛利率 | 70.2% | 49.0% |
| 营业利润率 | -4.1% | -8.0% |
| 净利率 | -10.2% | -14.8% |
| 营收同比 | 20.4% | -21.1% |
| 净利润同比 | 34.8% | -257.8% |
| 每股收益（稀释后） | $-0.15 | $-0.76 |
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ATECFOSL
| Q4 25 | $212.9M | $270.2M | ||
| Q3 25 | $196.5M | $220.4M | ||
| Q2 25 | $185.5M | $233.3M | ||
| Q1 25 | $169.2M | — | ||
| Q4 24 | $176.8M | $342.3M | ||
| Q3 24 | $150.7M | $287.8M | ||
| Q2 24 | $145.6M | $260.0M | ||
| Q1 24 | $138.5M | $254.9M |
净利润ATECFOSL
| Q4 25 | $-21.7M | $-40.0M | ||
| Q3 25 | $-28.6M | $-2.1M | ||
| Q2 25 | $-41.1M | $-17.9M | ||
| Q1 25 | $-51.9M | — | ||
| Q4 24 | $-33.3M | $-11.2M | ||
| Q3 24 | $-39.6M | $-31.9M | ||
| Q2 24 | $-40.7M | $-38.8M | ||
| Q1 24 | $-48.5M | $-24.3M |
毛利率ATECFOSL
| Q4 25 | 70.2% | 49.0% | ||
| Q3 25 | 69.9% | 57.5% | ||
| Q2 25 | 69.6% | 61.3% | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 68.8% | 53.9% | ||
| Q3 24 | 68.2% | 49.4% | ||
| Q2 24 | 70.5% | 52.6% | ||
| Q1 24 | 70.3% | 52.4% |
营业利润率ATECFOSL
| Q4 25 | -4.1% | -8.0% | ||
| Q3 25 | -8.1% | 3.9% | ||
| Q2 25 | -7.1% | -2.9% | ||
| Q1 25 | -26.2% | — | ||
| Q4 24 | -13.5% | -4.8% | ||
| Q3 24 | -22.4% | -8.5% | ||
| Q2 24 | -24.3% | -13.1% | ||
| Q1 24 | -31.3% | -11.5% |
净利率ATECFOSL
| Q4 25 | -10.2% | -14.8% | ||
| Q3 25 | -14.5% | -1.0% | ||
| Q2 25 | -22.2% | -7.7% | ||
| Q1 25 | -30.7% | — | ||
| Q4 24 | -18.9% | -3.3% | ||
| Q3 24 | -26.3% | -11.1% | ||
| Q2 24 | -27.9% | -14.9% | ||
| Q1 24 | -35.0% | -9.5% |
每股收益（稀释后）ATECFOSL
| Q4 25 | $-0.15 | $-0.76 | ||
| Q3 25 | $-0.19 | $-0.04 | ||
| Q2 25 | $-0.27 | $-0.33 | ||
| Q1 25 | $-0.35 | — | ||
| Q4 24 | $-0.22 | $-0.15 | ||
| Q3 24 | $-0.28 | $-0.60 | ||
| Q2 24 | $-0.29 | $-0.73 | ||
| Q1 24 | $-0.34 | $-0.46 |
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 | $79.2M |
| 总债务越低越好 | $565.9M | $169.1M |
| 股东权益账面价值 | $12.4M | $112.6M |
| 总资产 | $791.2M | $701.0M |
| 负债/权益比越低杠杆越低 | 45.54× | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资ATECFOSL
| Q4 25 | $160.8M | $79.2M | ||
| Q3 25 | $155.7M | $109.9M | ||
| Q2 25 | $157.1M | $78.3M | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | $123.6M | ||
| Q3 24 | $81.0M | $106.3M | ||
| Q2 24 | $99.8M | $104.9M | ||
| Q1 24 | $144.1M | $112.9M |
总债务ATECFOSL
| Q4 25 | $565.9M | $169.1M | ||
| Q3 25 | $559.7M | $165.6M | ||
| Q2 25 | $553.9M | $167.2M | ||
| Q1 25 | $548.4M | — | ||
| Q4 24 | $576.2M | $162.7M | ||
| Q3 24 | $527.7M | $173.4M | ||
| Q2 24 | $519.2M | $156.5M | ||
| Q1 24 | $514.4M | $202.9M |
股东权益ATECFOSL
| Q4 25 | $12.4M | $112.6M | ||
| Q3 25 | $11.5M | $150.3M | ||
| Q2 25 | $23.8M | $140.6M | ||
| Q1 25 | $-85.9M | — | ||
| Q4 24 | $-14.2M | $148.7M | ||
| Q3 24 | $-1.4M | $164.4M | ||
| Q2 24 | $17.1M | $189.6M | ||
| Q1 24 | $37.6M | $229.1M |
总资产ATECFOSL
| Q4 25 | $791.2M | $701.0M | ||
| Q3 25 | $787.2M | $704.5M | ||
| Q2 25 | $790.3M | $686.0M | ||
| Q1 25 | $785.5M | — | ||
| Q4 24 | $775.7M | $763.6M | ||
| Q3 24 | $745.9M | $812.4M | ||
| Q2 24 | $768.6M | $785.7M | ||
| Q1 24 | $774.6M | $891.0M |
负债/权益比ATECFOSL
| Q4 25 | 45.54× | 1.50× | ||
| Q3 25 | 48.64× | 1.10× | ||
| Q2 25 | 23.30× | 1.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | 30.34× | 0.83× | ||
| Q1 24 | 13.70× | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $-22.5M |
| 自由现金流率自由现金流/营收 | 3.6% | -8.3% |
| 资本支出强度资本支出/营收 | 6.1% | 0.1% |
| 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 | $-46.0M |
8季度趋势，按日历期对齐
经营现金流ATECFOSL
| Q4 25 | $20.7M | $-22.2M | ||
| Q3 25 | $14.0M | $9.4M | ||
| Q2 25 | $15.5M | $-60.4M | ||
| Q1 25 | $-5.0M | — | ||
| Q4 24 | $10.5M | $30.5M | ||
| Q3 24 | $-5.3M | $-22.8M | ||
| Q2 24 | $-11.4M | $38.4M | ||
| Q1 24 | $-38.4M | $622.0K |
自由现金流ATECFOSL
| Q4 25 | $7.7M | $-22.5M | ||
| Q3 25 | $4.8M | $8.6M | ||
| Q2 25 | $5.2M | $-60.6M | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $8.5M | $28.5M | ||
| Q3 24 | $-21.2M | $-24.1M | ||
| Q2 24 | $-45.5M | $36.6M | ||
| Q1 24 | $-69.8M | $-1.1M |
自由现金流率ATECFOSL
| Q4 25 | 3.6% | -8.3% | ||
| Q3 25 | 2.4% | 3.9% | ||
| Q2 25 | 2.8% | -26.0% | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | 4.8% | 8.3% | ||
| Q3 24 | -14.1% | -8.4% | ||
| Q2 24 | -31.3% | 14.1% | ||
| Q1 24 | -50.4% | -0.4% |
资本支出强度ATECFOSL
| Q4 25 | 6.1% | 0.1% | ||
| Q3 25 | 4.7% | 0.4% | ||
| Q2 25 | 5.6% | 0.1% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 10.5% | 0.4% | ||
| Q2 24 | 23.4% | 0.7% | ||
| Q1 24 | 22.6% | 0.7% |
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
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
