vs
Alphatec Holdings, Inc.（ATEC）与JOHNSON OUTDOORS INC（JOUT）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JOHNSON OUTDOORS INC的1.5倍（$212.9M vs $140.9M），JOHNSON OUTDOORS INC净利率更高（-2.3% vs -10.2%，领先7.9%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 20.4%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-42.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -10.5%）
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。
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
ATEC vs JOUT — 直观对比
营收规模更大
ATEC
是对方的1.5倍
$140.9M
营收增速更快
JOUT
高出10.5%
20.4%
净利率更高
JOUT
高出7.9%
-10.2%
自由现金流更多
ATEC
多$50.4M
$-42.7M
两年增速更快
ATEC
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $140.9M |
| 净利润 | $-21.7M | $-3.3M |
| 毛利率 | 70.2% | 36.6% |
| 营业利润率 | -4.1% | -2.1% |
| 净利率 | -10.2% | -2.3% |
| 营收同比 | 20.4% | 30.9% |
| 净利润同比 | 34.8% | 78.4% |
| 每股收益（稀释后） | $-0.15 | — |
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ATECJOUT
| Q1 26 | — | $140.9M | ||
| Q4 25 | $212.9M | $135.8M | ||
| Q3 25 | $196.5M | — | ||
| Q2 25 | $185.5M | $180.7M | ||
| Q1 25 | $169.2M | $168.3M | ||
| Q4 24 | $176.8M | $107.6M | ||
| Q3 24 | $150.7M | $105.9M | ||
| Q2 24 | $145.6M | $172.5M |
净利润ATECJOUT
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-21.7M | $-29.1M | ||
| Q3 25 | $-28.6M | — | ||
| Q2 25 | $-41.1M | $7.7M | ||
| Q1 25 | $-51.9M | $2.3M | ||
| Q4 24 | $-33.3M | $-15.3M | ||
| Q3 24 | $-39.6M | $-34.3M | ||
| Q2 24 | $-40.7M | $1.6M |
毛利率ATECJOUT
| Q1 26 | — | 36.6% | ||
| Q4 25 | 70.2% | 36.2% | ||
| Q3 25 | 69.9% | — | ||
| Q2 25 | 69.6% | 37.6% | ||
| Q1 25 | 68.6% | 35.0% | ||
| Q4 24 | 68.8% | 29.9% | ||
| Q3 24 | 68.2% | 23.5% | ||
| Q2 24 | 70.5% | 35.8% |
营业利润率ATECJOUT
| Q1 26 | — | -2.1% | ||
| Q4 25 | -4.1% | -6.0% | ||
| Q3 25 | -8.1% | — | ||
| Q2 25 | -7.1% | 4.1% | ||
| Q1 25 | -26.2% | 2.9% | ||
| Q4 24 | -13.5% | -18.8% | ||
| Q3 24 | -22.4% | -40.4% | ||
| Q2 24 | -24.3% | -0.3% |
净利率ATECJOUT
| Q1 26 | — | -2.3% | ||
| Q4 25 | -10.2% | -21.4% | ||
| Q3 25 | -14.5% | — | ||
| Q2 25 | -22.2% | 4.3% | ||
| Q1 25 | -30.7% | 1.4% | ||
| Q4 24 | -18.9% | -14.2% | ||
| Q3 24 | -26.3% | -32.4% | ||
| Q2 24 | -27.9% | 0.9% |
每股收益（稀释后）ATECJOUT
| Q1 26 | — | — | ||
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.27 | — | ||
| Q1 25 | $-0.35 | — | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $-0.29 | — |
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 | $130.7M |
| 总债务越低越好 | $565.9M | $0 |
| 股东权益账面价值 | $12.4M | $413.5M |
| 总资产 | $791.2M | $600.1M |
| 负债/权益比越低杠杆越低 | 45.54× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ATECJOUT
| Q1 26 | — | $130.7M | ||
| Q4 25 | $160.8M | $176.4M | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | $161.0M | ||
| Q1 25 | $153.2M | $94.0M | ||
| Q4 24 | $138.8M | $101.6M | ||
| Q3 24 | $81.0M | $162.0M | ||
| Q2 24 | $99.8M | $148.4M |
总债务ATECJOUT
| Q1 26 | — | $0 | ||
| Q4 25 | $565.9M | $0 | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | $0 | ||
| Q1 25 | $548.4M | $0 | ||
| Q4 24 | $576.2M | $0 | ||
| Q3 24 | $527.7M | $0 | ||
| Q2 24 | $519.2M | $0 |
股东权益ATECJOUT
| Q1 26 | — | $413.5M | ||
| Q4 25 | $12.4M | $418.4M | ||
| Q3 25 | $11.5M | — | ||
| Q2 25 | $23.8M | $450.5M | ||
| Q1 25 | $-85.9M | $441.1M | ||
| Q4 24 | $-14.2M | $440.3M | ||
| Q3 24 | $-1.4M | $463.4M | ||
| Q2 24 | $17.1M | $498.7M |
总资产ATECJOUT
| Q1 26 | — | $600.1M | ||
| Q4 25 | $791.2M | $604.1M | ||
| Q3 25 | $787.2M | — | ||
| Q2 25 | $790.3M | $634.5M | ||
| Q1 25 | $785.5M | $624.5M | ||
| Q4 24 | $775.7M | $612.9M | ||
| Q3 24 | $745.9M | $635.2M | ||
| Q2 24 | $768.6M | $679.8M |
负债/权益比ATECJOUT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 45.54× | 0.00× | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 30.34× | 0.00× |
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 | $-38.4M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $-42.7M |
| 自由现金流率自由现金流/营收 | 3.6% | -30.3% |
| 资本支出强度资本支出/营收 | 6.1% | 3.0% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流ATECJOUT
| Q1 26 | — | $-38.4M | ||
| Q4 25 | $20.7M | $23.4M | ||
| Q3 25 | $14.0M | — | ||
| Q2 25 | $15.5M | $71.4M | ||
| Q1 25 | $-5.0M | $-1.7M | ||
| Q4 24 | $10.5M | $-36.9M | ||
| Q3 24 | $-5.3M | $19.1M | ||
| Q2 24 | $-11.4M | $73.7M |
自由现金流ATECJOUT
| Q1 26 | — | $-42.7M | ||
| Q4 25 | $7.7M | $19.2M | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $5.2M | $66.9M | ||
| Q1 25 | $-15.0M | $-5.0M | ||
| Q4 24 | $8.5M | $-41.0M | ||
| Q3 24 | $-21.2M | $13.5M | ||
| Q2 24 | $-45.5M | $67.4M |
自由现金流率ATECJOUT
| Q1 26 | — | -30.3% | ||
| Q4 25 | 3.6% | 14.2% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | 37.0% | ||
| Q1 25 | -8.9% | -2.9% | ||
| Q4 24 | 4.8% | -38.1% | ||
| Q3 24 | -14.1% | 12.8% | ||
| Q2 24 | -31.3% | 39.1% |
资本支出强度ATECJOUT
| Q1 26 | — | 3.0% | ||
| Q4 25 | 6.1% | 3.1% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.6% | 2.5% | ||
| Q1 25 | 5.9% | 2.0% | ||
| Q4 24 | 1.1% | 3.8% | ||
| Q3 24 | 10.5% | 5.3% | ||
| Q2 24 | 23.4% | 3.6% |
现金转化率ATECJOUT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 9.22× | ||
| Q1 25 | — | -0.72× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 45.41× |
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
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
