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Alphatec Holdings, Inc.（ATEC）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
Alphatec Holdings, Inc.的季度营收约是百胜餐饮集团的1.0倍（$212.9M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs -10.2%，领先19.1%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -5.2%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $2.6M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 19.8%）
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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
ATEC vs LCUT — 直观对比
营收规模更大
ATEC
是对方的1.0倍
$204.1M
营收增速更快
ATEC
高出25.6%
-5.2%
净利率更高
LCUT
高出19.1%
-10.2%
自由现金流更多
ATEC
多$5.1M
$2.6M
两年增速更快
ATEC
近两年复合增速
19.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $204.1M |
| 净利润 | $-21.7M | $18.2M |
| 毛利率 | 70.2% | 38.6% |
| 营业利润率 | -4.1% | 9.8% |
| 净利率 | -10.2% | 8.9% |
| 营收同比 | 20.4% | -5.2% |
| 净利润同比 | 34.8% | 103.5% |
| 每股收益（稀释后） | $-0.15 | $0.83 |
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ATECLCUT
| Q4 25 | $212.9M | $204.1M | ||
| Q3 25 | $196.5M | $171.9M | ||
| Q2 25 | $185.5M | $131.9M | ||
| Q1 25 | $169.2M | $140.1M | ||
| Q4 24 | $176.8M | $215.2M | ||
| Q3 24 | $150.7M | $183.8M | ||
| Q2 24 | $145.6M | $141.7M | ||
| Q1 24 | $138.5M | $142.2M |
净利润ATECLCUT
| Q4 25 | $-21.7M | $18.2M | ||
| Q3 25 | $-28.6M | $-1.2M | ||
| Q2 25 | $-41.1M | $-39.7M | ||
| Q1 25 | $-51.9M | $-4.2M | ||
| Q4 24 | $-33.3M | $8.9M | ||
| Q3 24 | $-39.6M | $344.0K | ||
| Q2 24 | $-40.7M | $-18.2M | ||
| Q1 24 | $-48.5M | $-6.3M |
毛利率ATECLCUT
| Q4 25 | 70.2% | 38.6% | ||
| Q3 25 | 69.9% | 35.1% | ||
| Q2 25 | 69.6% | 38.6% | ||
| Q1 25 | 68.6% | 36.1% | ||
| Q4 24 | 68.8% | 37.7% | ||
| Q3 24 | 68.2% | 36.7% | ||
| Q2 24 | 70.5% | 38.5% | ||
| Q1 24 | 70.3% | 40.5% |
营业利润率ATECLCUT
| Q4 25 | -4.1% | 9.8% | ||
| Q3 25 | -8.1% | 3.9% | ||
| Q2 25 | -7.1% | -28.2% | ||
| Q1 25 | -26.2% | 0.8% | ||
| Q4 24 | -13.5% | 7.2% | ||
| Q3 24 | -22.4% | 4.7% | ||
| Q2 24 | -24.3% | 0.8% | ||
| Q1 24 | -31.3% | 1.3% |
净利率ATECLCUT
| Q4 25 | -10.2% | 8.9% | ||
| Q3 25 | -14.5% | -0.7% | ||
| Q2 25 | -22.2% | -30.1% | ||
| Q1 25 | -30.7% | -3.0% | ||
| Q4 24 | -18.9% | 4.1% | ||
| Q3 24 | -26.3% | 0.2% | ||
| Q2 24 | -27.9% | -12.8% | ||
| Q1 24 | -35.0% | -4.4% |
每股收益（稀释后）ATECLCUT
| Q4 25 | $-0.15 | $0.83 | ||
| Q3 25 | $-0.19 | $-0.05 | ||
| Q2 25 | $-0.27 | $-1.83 | ||
| Q1 25 | $-0.35 | $-0.19 | ||
| Q4 24 | $-0.22 | $0.41 | ||
| Q3 24 | $-0.28 | $0.02 | ||
| Q2 24 | $-0.29 | $-0.85 | ||
| Q1 24 | $-0.34 | $-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 | $4.3M |
| 总债务越低越好 | $565.9M | $135.0M |
| 股东权益账面价值 | $12.4M | $202.3M |
| 总资产 | $791.2M | $572.6M |
| 负债/权益比越低杠杆越低 | 45.54× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资ATECLCUT
| Q4 25 | $160.8M | $4.3M | ||
| Q3 25 | $155.7M | $12.1M | ||
| Q2 25 | $157.1M | $12.0M | ||
| Q1 25 | $153.2M | $10.4M | ||
| Q4 24 | $138.8M | $2.9M | ||
| Q3 24 | $81.0M | $6.0M | ||
| Q2 24 | $99.8M | $3.4M | ||
| Q1 24 | $144.1M | $4.6M |
总债务ATECLCUT
| Q4 25 | $565.9M | $135.0M | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | — | ||
| Q1 25 | $548.4M | — | ||
| Q4 24 | $576.2M | $142.5M | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECLCUT
| Q4 25 | $12.4M | $202.3M | ||
| Q3 25 | $11.5M | $184.6M | ||
| Q2 25 | $23.8M | $185.8M | ||
| Q1 25 | $-85.9M | $225.7M | ||
| Q4 24 | $-14.2M | $229.9M | ||
| Q3 24 | $-1.4M | $220.9M | ||
| Q2 24 | $17.1M | $219.8M | ||
| Q1 24 | $37.6M | $223.7M |
总资产ATECLCUT
| Q4 25 | $791.2M | $572.6M | ||
| Q3 25 | $787.2M | $581.1M | ||
| Q2 25 | $790.3M | $551.9M | ||
| Q1 25 | $785.5M | $594.6M | ||
| Q4 24 | $775.7M | $634.3M | ||
| Q3 24 | $745.9M | $668.7M | ||
| Q2 24 | $768.6M | $617.0M | ||
| Q1 24 | $774.6M | $602.7M |
负债/权益比ATECLCUT
| Q4 25 | 45.54× | 0.67× | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $2.6M |
| 自由现金流率自由现金流/营收 | 3.6% | 1.3% |
| 资本支出强度资本支出/营收 | 6.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $3.3M |
8季度趋势，按日历期对齐
经营现金流ATECLCUT
| Q4 25 | $20.7M | $3.7M | ||
| Q3 25 | $14.0M | $-22.2M | ||
| Q2 25 | $15.5M | $9.3M | ||
| Q1 25 | $-5.0M | $16.7M | ||
| Q4 24 | $10.5M | $20.3M | ||
| Q3 24 | $-5.3M | $-22.7M | ||
| Q2 24 | $-11.4M | $10.4M | ||
| Q1 24 | $-38.4M | $10.5M |
自由现金流ATECLCUT
| Q4 25 | $7.7M | $2.6M | ||
| Q3 25 | $4.8M | $-22.7M | ||
| Q2 25 | $5.2M | $8.2M | ||
| Q1 25 | $-15.0M | $15.1M | ||
| Q4 24 | $8.5M | $19.7M | ||
| Q3 24 | $-21.2M | $-23.2M | ||
| Q2 24 | $-45.5M | $9.9M | ||
| Q1 24 | $-69.8M | $9.9M |
自由现金流率ATECLCUT
| Q4 25 | 3.6% | 1.3% | ||
| Q3 25 | 2.4% | -13.2% | ||
| Q2 25 | 2.8% | 6.2% | ||
| Q1 25 | -8.9% | 10.8% | ||
| Q4 24 | 4.8% | 9.1% | ||
| Q3 24 | -14.1% | -12.6% | ||
| Q2 24 | -31.3% | 7.0% | ||
| Q1 24 | -50.4% | 7.0% |
资本支出强度ATECLCUT
| Q4 25 | 6.1% | 0.6% | ||
| Q3 25 | 4.7% | 0.3% | ||
| Q2 25 | 5.6% | 0.9% | ||
| Q1 25 | 5.9% | 1.1% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 10.5% | 0.3% | ||
| Q2 24 | 23.4% | 0.4% | ||
| Q1 24 | 22.6% | 0.4% |
现金转化率ATECLCUT
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | — | -65.89× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
