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Alphatec Holdings, Inc.（ATEC）与FIRSTSUN CAPITAL BANCORP（FSUN）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FIRSTSUN CAPITAL BANCORP的1.9倍（$212.9M vs $110.0M），FIRSTSUN CAPITAL BANCORP净利率更高（19.6% vs -10.2%，领先29.8%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 6.9%）
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。
FirstSun Capital Bancorp是一家总部位于美国的金融控股公司，提供商业及个人贷款、存款产品、财富管理、财资解决方案等全面的银行金融服务，主要面向美国区域市场的个人消费者、中小企业及企业客户。
ATEC vs FSUN — 直观对比
营收规模更大
ATEC
是对方的1.9倍
$110.0M
净利率更高
FSUN
高出29.8%
-10.2%
两年增速更快
ATEC
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $110.0M |
| 净利润 | $-21.7M | $21.6M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | — |
| 净利率 | -10.2% | 19.6% |
| 营收同比 | 20.4% | — |
| 净利润同比 | 34.8% | -8.4% |
| 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ATECFSUN
| Q1 26 | — | $110.0M | ||
| Q4 25 | $212.9M | $110.2M | ||
| Q3 25 | $196.5M | $107.3M | ||
| Q2 25 | $185.5M | $105.6M | ||
| Q1 25 | $169.2M | $96.2M | ||
| Q4 24 | $176.8M | $98.7M | ||
| Q3 24 | $150.7M | $98.2M | ||
| Q2 24 | $145.6M | $96.2M |
净利润ATECFSUN
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-21.7M | $24.8M | ||
| Q3 25 | $-28.6M | $23.2M | ||
| Q2 25 | $-41.1M | $26.4M | ||
| Q1 25 | $-51.9M | $23.6M | ||
| Q4 24 | $-33.3M | $16.4M | ||
| Q3 24 | $-39.6M | $22.4M | ||
| Q2 24 | $-40.7M | $24.6M |
毛利率ATECFSUN
| 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ATECFSUN
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | 29.0% | ||
| Q3 25 | -8.1% | 26.4% | ||
| Q2 25 | -7.1% | 31.2% | ||
| Q1 25 | -26.2% | 30.9% | ||
| Q4 24 | -13.5% | 20.4% | ||
| Q3 24 | -22.4% | 29.1% | ||
| Q2 24 | -24.3% | 32.3% |
净利率ATECFSUN
| Q1 26 | — | 19.6% | ||
| Q4 25 | -10.2% | 22.5% | ||
| Q3 25 | -14.5% | 21.6% | ||
| Q2 25 | -22.2% | 25.0% | ||
| Q1 25 | -30.7% | 24.5% | ||
| Q4 24 | -18.9% | 16.6% | ||
| Q3 24 | -26.3% | 22.8% | ||
| Q2 24 | -27.9% | 25.5% |
每股收益（稀释后）ATECFSUN
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.15 | $0.89 | ||
| Q3 25 | $-0.19 | $0.82 | ||
| Q2 25 | $-0.27 | $0.93 | ||
| Q1 25 | $-0.35 | $0.83 | ||
| Q4 24 | $-0.22 | $0.57 | ||
| Q3 24 | $-0.28 | $0.79 | ||
| Q2 24 | $-0.29 | $0.88 |
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 | $413.7M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $1.2B |
| 总资产 | $791.2M | $8.6B |
| 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ATECFSUN
| Q1 26 | — | $413.7M | ||
| Q4 25 | $160.8M | $652.6M | ||
| Q3 25 | $155.7M | $659.9M | ||
| Q2 25 | $157.1M | $785.1M | ||
| Q1 25 | $153.2M | $621.4M | ||
| Q4 24 | $138.8M | $615.9M | ||
| Q3 24 | $81.0M | $573.7M | ||
| Q2 24 | $99.8M | $535.8M |
总债务ATECFSUN
| 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ATECFSUN
| Q1 26 | — | $1.2B | ||
| Q4 25 | $12.4M | $1.2B | ||
| Q3 25 | $11.5M | $1.1B | ||
| Q2 25 | $23.8M | $1.1B | ||
| Q1 25 | $-85.9M | $1.1B | ||
| Q4 24 | $-14.2M | $1.0B | ||
| Q3 24 | $-1.4M | $1.0B | ||
| Q2 24 | $17.1M | $996.6M |
总资产ATECFSUN
| Q1 26 | — | $8.6B | ||
| Q4 25 | $791.2M | $8.5B | ||
| Q3 25 | $787.2M | $8.5B | ||
| Q2 25 | $790.3M | $8.4B | ||
| Q1 25 | $785.5M | $8.2B | ||
| Q4 24 | $775.7M | $8.1B | ||
| Q3 24 | $745.9M | $8.1B | ||
| Q2 24 | $768.6M | $8.0B |
负债/权益比ATECFSUN
| 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% | — |
| 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ATECFSUN
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $111.5M | ||
| Q3 25 | $14.0M | $49.4M | ||
| Q2 25 | $15.5M | $15.0M | ||
| Q1 25 | $-5.0M | $26.4M | ||
| Q4 24 | $10.5M | $101.1M | ||
| Q3 24 | $-5.3M | $48.1M | ||
| Q2 24 | $-11.4M | $20.9M |
自由现金流ATECFSUN
| Q1 26 | — | — | ||
| Q4 25 | $7.7M | $104.0M | ||
| Q3 25 | $4.8M | $47.6M | ||
| Q2 25 | $5.2M | $13.0M | ||
| Q1 25 | $-15.0M | $24.3M | ||
| Q4 24 | $8.5M | $95.7M | ||
| Q3 24 | $-21.2M | $47.1M | ||
| Q2 24 | $-45.5M | $19.9M |
自由现金流率ATECFSUN
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 94.3% | ||
| Q3 25 | 2.4% | 44.4% | ||
| Q2 25 | 2.8% | 12.3% | ||
| Q1 25 | -8.9% | 25.3% | ||
| Q4 24 | 4.8% | 97.0% | ||
| Q3 24 | -14.1% | 47.9% | ||
| Q2 24 | -31.3% | 20.6% |
资本支出强度ATECFSUN
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 6.8% | ||
| Q3 25 | 4.7% | 1.6% | ||
| Q2 25 | 5.6% | 1.9% | ||
| Q1 25 | 5.9% | 2.1% | ||
| Q4 24 | 1.1% | 5.5% | ||
| Q3 24 | 10.5% | 1.1% | ||
| Q2 24 | 23.4% | 1.1% |
现金转化率ATECFSUN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 0.85× |
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
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
