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Alphatec Holdings, Inc.（ATEC）与IMAX（IMAX）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IMAX的1.7倍（$212.9M vs $125.2M），IMAX净利率更高（0.5% vs -10.2%，领先10.7%），IMAX同比增速更快（35.1% vs 20.4%），IMAX自由现金流更多（$28.0M vs $7.7M），过去两年IMAX的营收复合增速更高（25.8% 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。
IMAX公司是加拿大的影视放映技术企业，1967年创立于蒙特利尔，总部位于多伦多地区，在纽约、洛杉矶均设有业务点。核心业务包括IMAX摄影机与放映系统的设计制造，同时面向全球合作影院提供影片开发、制作、后期及发行服务，是沉浸式观影技术领域的领先企业。
ATEC vs IMAX — 直观对比
营收规模更大
ATEC
是对方的1.7倍
$125.2M
营收增速更快
IMAX
高出14.7%
20.4%
净利率更高
IMAX
高出10.7%
-10.2%
自由现金流更多
IMAX
多$20.2M
$7.7M
两年增速更快
IMAX
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $125.2M |
| 净利润 | $-21.7M | $637.0K |
| 毛利率 | 70.2% | 57.6% |
| 营业利润率 | -4.1% | 19.3% |
| 净利率 | -10.2% | 0.5% |
| 营收同比 | 20.4% | 35.1% |
| 净利润同比 | 34.8% | -88.0% |
| 每股收益（稀释后） | $-0.15 | $0.02 |
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ATECIMAX
| Q4 25 | $212.9M | $125.2M | ||
| Q3 25 | $196.5M | $106.7M | ||
| Q2 25 | $185.5M | $91.7M | ||
| Q1 25 | $169.2M | $86.7M | ||
| Q4 24 | $176.8M | $92.7M | ||
| Q3 24 | $150.7M | $91.5M | ||
| Q2 24 | $145.6M | $89.0M | ||
| Q1 24 | $138.5M | $79.1M |
净利润ATECIMAX
| Q4 25 | $-21.7M | $637.0K | ||
| Q3 25 | $-28.6M | $20.7M | ||
| Q2 25 | $-41.1M | $11.3M | ||
| Q1 25 | $-51.9M | $2.3M | ||
| Q4 24 | $-33.3M | $5.3M | ||
| Q3 24 | $-39.6M | $13.9M | ||
| Q2 24 | $-40.7M | $3.6M | ||
| Q1 24 | $-48.5M | $3.3M |
毛利率ATECIMAX
| Q4 25 | 70.2% | 57.6% | ||
| Q3 25 | 69.9% | 63.1% | ||
| Q2 25 | 69.6% | 58.5% | ||
| Q1 25 | 68.6% | 61.4% | ||
| Q4 24 | 68.8% | 52.2% | ||
| Q3 24 | 68.2% | 55.8% | ||
| Q2 24 | 70.5% | 49.4% | ||
| Q1 24 | 70.3% | 59.3% |
营业利润率ATECIMAX
| Q4 25 | -4.1% | 19.3% | ||
| Q3 25 | -8.1% | 27.2% | ||
| Q2 25 | -7.1% | 15.6% | ||
| Q1 25 | -26.2% | 19.3% | ||
| Q4 24 | -13.5% | 10.3% | ||
| Q3 24 | -22.4% | 21.2% | ||
| Q2 24 | -24.3% | 3.2% | ||
| Q1 24 | -31.3% | 15.3% |
净利率ATECIMAX
| Q4 25 | -10.2% | 0.5% | ||
| Q3 25 | -14.5% | 19.4% | ||
| Q2 25 | -22.2% | 12.3% | ||
| Q1 25 | -30.7% | 2.7% | ||
| Q4 24 | -18.9% | 5.7% | ||
| Q3 24 | -26.3% | 15.2% | ||
| Q2 24 | -27.9% | 4.0% | ||
| Q1 24 | -35.0% | 4.1% |
每股收益（稀释后）ATECIMAX
| Q4 25 | $-0.15 | $0.02 | ||
| Q3 25 | $-0.19 | $0.37 | ||
| Q2 25 | $-0.27 | $0.20 | ||
| Q1 25 | $-0.35 | $0.04 | ||
| Q4 24 | $-0.22 | $0.09 | ||
| Q3 24 | $-0.28 | $0.26 | ||
| Q2 24 | $-0.29 | $0.07 | ||
| Q1 24 | $-0.34 | $0.06 |
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 | $151.2M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $337.9M |
| 总资产 | $791.2M | $894.0M |
| 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ATECIMAX
| Q4 25 | $160.8M | $151.2M | ||
| Q3 25 | $155.7M | $143.1M | ||
| Q2 25 | $157.1M | $109.3M | ||
| Q1 25 | $153.2M | $97.1M | ||
| Q4 24 | $138.8M | $100.6M | ||
| Q3 24 | $81.0M | $104.5M | ||
| Q2 24 | $99.8M | $91.6M | ||
| Q1 24 | $144.1M | $81.0M |
总债务ATECIMAX
| 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 | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECIMAX
| Q4 25 | $12.4M | $337.9M | ||
| Q3 25 | $11.5M | $349.5M | ||
| Q2 25 | $23.8M | $320.4M | ||
| Q1 25 | $-85.9M | $299.5M | ||
| Q4 24 | $-14.2M | $299.5M | ||
| Q3 24 | $-1.4M | $289.4M | ||
| Q2 24 | $17.1M | $267.2M | ||
| Q1 24 | $37.6M | $258.8M |
总资产ATECIMAX
| Q4 25 | $791.2M | $894.0M | ||
| Q3 25 | $787.2M | $889.6M | ||
| Q2 25 | $790.3M | $868.6M | ||
| Q1 25 | $785.5M | $848.3M | ||
| Q4 24 | $775.7M | $830.4M | ||
| Q3 24 | $745.9M | $847.6M | ||
| Q2 24 | $768.6M | $827.4M | ||
| Q1 24 | $774.6M | $824.1M |
负债/权益比ATECIMAX
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $28.0M |
| 自由现金流率自由现金流/营收 | 3.6% | 22.3% |
| 资本支出强度资本支出/营收 | 6.1% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 46.11× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $118.9M |
8季度趋势，按日历期对齐
经营现金流ATECIMAX
| Q4 25 | $20.7M | $29.4M | ||
| Q3 25 | $14.0M | $67.5M | ||
| Q2 25 | $15.5M | $23.2M | ||
| Q1 25 | $-5.0M | $7.0M | ||
| Q4 24 | $10.5M | $11.5M | ||
| Q3 24 | $-5.3M | $35.3M | ||
| Q2 24 | $-11.4M | $35.0M | ||
| Q1 24 | $-38.4M | $-11.0M |
自由现金流ATECIMAX
| Q4 25 | $7.7M | $28.0M | ||
| Q3 25 | $4.8M | $64.8M | ||
| Q2 25 | $5.2M | $20.9M | ||
| Q1 25 | $-15.0M | $5.3M | ||
| Q4 24 | $8.5M | $6.9M | ||
| Q3 24 | $-21.2M | $34.2M | ||
| Q2 24 | $-45.5M | $33.5M | ||
| Q1 24 | $-69.8M | $-12.1M |
自由现金流率ATECIMAX
| Q4 25 | 3.6% | 22.3% | ||
| Q3 25 | 2.4% | 60.7% | ||
| Q2 25 | 2.8% | 22.8% | ||
| Q1 25 | -8.9% | 6.1% | ||
| Q4 24 | 4.8% | 7.4% | ||
| Q3 24 | -14.1% | 37.3% | ||
| Q2 24 | -31.3% | 37.6% | ||
| Q1 24 | -50.4% | -15.3% |
资本支出强度ATECIMAX
| Q4 25 | 6.1% | 1.1% | ||
| Q3 25 | 4.7% | 2.6% | ||
| Q2 25 | 5.6% | 2.6% | ||
| Q1 25 | 5.9% | 1.9% | ||
| Q4 24 | 1.1% | 5.0% | ||
| Q3 24 | 10.5% | 1.2% | ||
| Q2 24 | 23.4% | 1.8% | ||
| Q1 24 | 22.6% | 1.4% |
现金转化率ATECIMAX
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
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
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
