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Alphatec Holdings, Inc.（ATEC）与LANDS' END, INC.（LE）财务数据对比。点击上方公司名可切换其他公司
LANDS' END, INC.的季度营收约是Alphatec Holdings, Inc.的1.5倍（$317.5M vs $212.9M），LANDS' END, INC.净利率更高（1.6% vs -10.2%，领先11.8%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 0.1%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-22.4M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -0.9%）
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。
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
ATEC vs LE — 直观对比
营收规模更大
LE
是对方的1.5倍
$212.9M
营收增速更快
ATEC
高出20.3%
0.1%
净利率更高
LE
高出11.8%
-10.2%
自由现金流更多
ATEC
多$30.2M
$-22.4M
两年增速更快
ATEC
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $317.5M |
| 净利润 | $-21.7M | $5.2M |
| 毛利率 | 70.2% | 51.8% |
| 营业利润率 | -4.1% | 5.3% |
| 净利率 | -10.2% | 1.6% |
| 营收同比 | 20.4% | 0.1% |
| 净利润同比 | 34.8% | 198.3% |
| 每股收益（稀释后） | $-0.15 | $0.17 |
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ATECLE
| Q4 25 | $212.9M | $317.5M | ||
| Q3 25 | $196.5M | — | ||
| Q2 25 | $185.5M | $261.2M | ||
| Q1 25 | $169.2M | — | ||
| Q4 24 | $176.8M | $318.6M | ||
| Q3 24 | $150.7M | $317.2M | ||
| Q2 24 | $145.6M | $285.5M | ||
| Q1 24 | $138.5M | $514.9M |
净利润ATECLE
| Q4 25 | $-21.7M | $5.2M | ||
| Q3 25 | $-28.6M | — | ||
| Q2 25 | $-41.1M | $-8.3M | ||
| Q1 25 | $-51.9M | — | ||
| Q4 24 | $-33.3M | $-593.0K | ||
| Q3 24 | $-39.6M | $-5.3M | ||
| Q2 24 | $-40.7M | $-6.4M | ||
| Q1 24 | $-48.5M | $-8.6M |
毛利率ATECLE
| Q4 25 | 70.2% | 51.8% | ||
| Q3 25 | 69.9% | — | ||
| Q2 25 | 69.6% | 50.8% | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 68.8% | 50.6% | ||
| Q3 24 | 68.2% | 47.9% | ||
| Q2 24 | 70.5% | 48.7% | ||
| Q1 24 | 70.3% | 38.0% |
营业利润率ATECLE
| Q4 25 | -4.1% | 5.3% | ||
| Q3 25 | -8.1% | — | ||
| Q2 25 | -7.1% | -0.9% | ||
| Q1 25 | -26.2% | — | ||
| Q4 24 | -13.5% | 2.9% | ||
| Q3 24 | -22.4% | 0.8% | ||
| Q2 24 | -24.3% | 0.8% | ||
| Q1 24 | -31.3% | 1.6% |
净利率ATECLE
| Q4 25 | -10.2% | 1.6% | ||
| Q3 25 | -14.5% | — | ||
| Q2 25 | -22.2% | -3.2% | ||
| Q1 25 | -30.7% | — | ||
| Q4 24 | -18.9% | -0.2% | ||
| Q3 24 | -26.3% | -1.7% | ||
| Q2 24 | -27.9% | -2.3% | ||
| Q1 24 | -35.0% | -1.7% |
每股收益（稀释后）ATECLE
| Q4 25 | $-0.15 | $0.17 | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.27 | $-0.27 | ||
| Q1 25 | $-0.35 | — | ||
| Q4 24 | $-0.22 | $-0.02 | ||
| Q3 24 | $-0.28 | $-0.17 | ||
| Q2 24 | $-0.29 | $-0.20 | ||
| Q1 24 | $-0.34 | $-0.27 |
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 | $36.3M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $231.0M |
| 总资产 | $791.2M | $852.7M |
| 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ATECLE
| Q4 25 | $160.8M | $36.3M | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | $18.1M | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | $30.4M | ||
| Q3 24 | $81.0M | $25.6M | ||
| Q2 24 | $99.8M | $27.4M | ||
| Q1 24 | $144.1M | $25.3M |
总债务ATECLE
| 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ATECLE
| Q4 25 | $12.4M | $231.0M | ||
| Q3 25 | $11.5M | — | ||
| Q2 25 | $23.8M | $230.1M | ||
| Q1 25 | $-85.9M | — | ||
| Q4 24 | $-14.2M | $223.6M | ||
| Q3 24 | $-1.4M | $226.5M | ||
| Q2 24 | $17.1M | $234.6M | ||
| Q1 24 | $37.6M | $241.6M |
总资产ATECLE
| Q4 25 | $791.2M | $852.7M | ||
| Q3 25 | $787.2M | — | ||
| Q2 25 | $790.3M | $760.5M | ||
| Q1 25 | $785.5M | — | ||
| Q4 24 | $775.7M | $843.6M | ||
| Q3 24 | $745.9M | $802.5M | ||
| Q2 24 | $768.6M | $800.1M | ||
| Q1 24 | $774.6M | $811.5M |
负债/权益比ATECLE
| 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 | $-15.7M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $-22.4M |
| 自由现金流率自由现金流/营收 | 3.6% | -7.1% |
| 资本支出强度资本支出/营收 | 6.1% | 2.1% |
| 现金转化率经营现金流/净利润 | — | -3.03× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $-55.0M |
8季度趋势，按日历期对齐
经营现金流ATECLE
| Q4 25 | $20.7M | $-15.7M | ||
| Q3 25 | $14.0M | — | ||
| Q2 25 | $15.5M | $-22.5M | ||
| Q1 25 | $-5.0M | — | ||
| Q4 24 | $10.5M | $-17.1M | ||
| Q3 24 | $-5.3M | $30.7M | ||
| Q2 24 | $-11.4M | $-25.8M | ||
| Q1 24 | $-38.4M | $93.9M |
自由现金流ATECLE
| Q4 25 | $7.7M | $-22.4M | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $5.2M | $-30.7M | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $8.5M | $-27.8M | ||
| Q3 24 | $-21.2M | $26.0M | ||
| Q2 24 | $-45.5M | $-32.6M | ||
| Q1 24 | $-69.8M | $87.5M |
自由现金流率ATECLE
| Q4 25 | 3.6% | -7.1% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | -11.8% | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | 4.8% | -8.7% | ||
| Q3 24 | -14.1% | 8.2% | ||
| Q2 24 | -31.3% | -11.4% | ||
| Q1 24 | -50.4% | 17.0% |
资本支出强度ATECLE
| Q4 25 | 6.1% | 2.1% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.6% | 3.2% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 1.1% | 3.3% | ||
| Q3 24 | 10.5% | 1.5% | ||
| Q2 24 | 23.4% | 2.4% | ||
| Q1 24 | 22.6% | 1.2% |
现金转化率ATECLE
| Q4 25 | — | -3.03× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
