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Alphatec Holdings, Inc.（ATEC）与LendingClub Corp（LC）财务数据对比。点击上方公司名可切换其他公司
LendingClub Corp的季度营收约是Alphatec Holdings, Inc.的1.2倍（$252.3M vs $212.9M），LendingClub Corp净利率更高（20.5% vs -10.2%，领先30.7%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 15.9%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 16.1%）
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。
LendingClub Corp是总部位于美国加利福尼亚州旧金山的金融服务企业，是全球首家将旗下产品作为证券完成注册的P2P借贷平台，同时支持贷款在二级市场交易。巅峰时期它是全球规模最大的P2P借贷平台，截至2015年12月31日，平台累计促成贷款发放额达159.8亿美元。
ATEC vs LC — 直观对比
营收规模更大
LC
是对方的1.2倍
$212.9M
营收增速更快
ATEC
高出4.5%
15.9%
净利率更高
LC
高出30.7%
-10.2%
两年增速更快
ATEC
近两年复合增速
16.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $252.3M |
| 净利润 | $-21.7M | $51.6M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | — |
| 净利率 | -10.2% | 20.5% |
| 营收同比 | 20.4% | 15.9% |
| 净利润同比 | 34.8% | 341.0% |
| 每股收益（稀释后） | $-0.15 | $0.44 |
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ATECLC
| Q1 26 | — | $252.3M | ||
| Q4 25 | $212.9M | $266.5M | ||
| Q3 25 | $196.5M | $266.2M | ||
| Q2 25 | $185.5M | $248.4M | ||
| Q1 25 | $169.2M | $217.7M | ||
| Q4 24 | $176.8M | $217.2M | ||
| Q3 24 | $150.7M | $201.9M | ||
| Q2 24 | $145.6M | $187.2M |
净利润ATECLC
| Q1 26 | — | $51.6M | ||
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $44.3M | ||
| Q2 25 | $-41.1M | $38.2M | ||
| Q1 25 | $-51.9M | $11.7M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $14.5M | ||
| Q2 24 | $-40.7M | $14.9M |
毛利率ATECLC
| 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ATECLC
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | 18.8% | ||
| Q3 25 | -8.1% | 21.5% | ||
| Q2 25 | -7.1% | 21.7% | ||
| Q1 25 | -26.2% | 7.2% | ||
| Q4 24 | -13.5% | 5.1% | ||
| Q3 24 | -22.4% | 8.9% | ||
| Q2 24 | -24.3% | 10.4% |
净利率ATECLC
| Q1 26 | — | 20.5% | ||
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | 16.6% | ||
| Q2 25 | -22.2% | 15.4% | ||
| Q1 25 | -30.7% | 5.4% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | 7.2% | ||
| Q2 24 | -27.9% | 8.0% |
每股收益（稀释后）ATECLC
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.15 | $0.36 | ||
| Q3 25 | $-0.19 | $0.37 | ||
| Q2 25 | $-0.27 | $0.33 | ||
| Q1 25 | $-0.35 | $0.10 | ||
| Q4 24 | $-0.22 | $0.08 | ||
| Q3 24 | $-0.28 | $0.13 | ||
| Q2 24 | $-0.29 | $0.13 |
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 | — |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $1.5B |
| 总资产 | $791.2M | $11.9B |
| 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ATECLC
| Q1 26 | — | — | ||
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $99.8M | — |
总债务ATECLC
| Q1 26 | — | — | ||
| Q4 25 | $565.9M | $0 | ||
| Q3 25 | $559.7M | $0 | ||
| Q2 25 | $553.9M | $0 | ||
| Q1 25 | $548.4M | $0 | ||
| Q4 24 | $576.2M | $0 | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — |
股东权益ATECLC
| Q1 26 | — | $1.5B | ||
| Q4 25 | $12.4M | $1.5B | ||
| Q3 25 | $11.5M | $1.5B | ||
| Q2 25 | $23.8M | $1.4B | ||
| Q1 25 | $-85.9M | $1.4B | ||
| Q4 24 | $-14.2M | $1.3B | ||
| Q3 24 | $-1.4M | $1.3B | ||
| Q2 24 | $17.1M | $1.3B |
总资产ATECLC
| Q1 26 | — | $11.9B | ||
| Q4 25 | $791.2M | $11.6B | ||
| Q3 25 | $787.2M | $11.1B | ||
| Q2 25 | $790.3M | $10.8B | ||
| Q1 25 | $785.5M | $10.5B | ||
| Q4 24 | $775.7M | $10.6B | ||
| Q3 24 | $745.9M | $11.0B | ||
| Q2 24 | $768.6M | $9.6B |
负债/权益比ATECLC
| Q1 26 | — | — | ||
| Q4 25 | 45.54× | 0.00× | ||
| Q3 25 | 48.64× | 0.00× | ||
| Q2 25 | 23.30× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| 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ATECLC
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $-2.7B | ||
| Q3 25 | $14.0M | $-770.8M | ||
| Q2 25 | $15.5M | $-713.1M | ||
| Q1 25 | $-5.0M | $-339.3M | ||
| Q4 24 | $10.5M | $-2.6B | ||
| Q3 24 | $-5.3M | $-669.8M | ||
| Q2 24 | $-11.4M | $-932.5M |
自由现金流ATECLC
| Q1 26 | — | — | ||
| Q4 25 | $7.7M | $-2.9B | ||
| Q3 25 | $4.8M | $-791.8M | ||
| Q2 25 | $5.2M | $-803.8M | ||
| Q1 25 | $-15.0M | $-352.3M | ||
| Q4 24 | $8.5M | $-2.7B | ||
| Q3 24 | $-21.2M | $-682.3M | ||
| Q2 24 | $-45.5M | $-945.3M |
自由现金流率ATECLC
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | -1076.0% | ||
| Q3 25 | 2.4% | -297.4% | ||
| Q2 25 | 2.8% | -323.5% | ||
| Q1 25 | -8.9% | -161.8% | ||
| Q4 24 | 4.8% | -1237.8% | ||
| Q3 24 | -14.1% | -338.0% | ||
| Q2 24 | -31.3% | -504.9% |
资本支出强度ATECLC
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 52.7% | ||
| Q3 25 | 4.7% | 7.9% | ||
| Q2 25 | 5.6% | 36.5% | ||
| Q1 25 | 5.9% | 6.0% | ||
| Q4 24 | 1.1% | 25.0% | ||
| Q3 24 | 10.5% | 6.2% | ||
| Q2 24 | 23.4% | 6.9% |
现金转化率ATECLC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -17.41× | ||
| Q2 25 | — | -18.68× | ||
| Q1 25 | — | -29.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -46.33× | ||
| Q2 24 | — | -62.57× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
