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Alphatec Holdings, Inc.（ATEC）与莱迪思半导体（LSCC）财务数据对比。点击上方公司名可切换其他公司
Alphatec Holdings, Inc.的季度营收约是莱迪思半导体的1.5倍（$212.9M vs $145.8M），莱迪思半导体净利率更高（-5.2% vs -10.2%，领先5.0%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 9.3%），莱迪思半导体自由现金流更多（$44.0M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 8.4%）
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。
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
ATEC vs LSCC — 直观对比
营收规模更大
ATEC
是对方的1.5倍
$145.8M
营收增速更快
ATEC
高出11.1%
9.3%
净利率更高
LSCC
高出5.0%
-10.2%
自由现金流更多
LSCC
多$36.3M
$7.7M
两年增速更快
ATEC
近两年复合增速
8.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $145.8M |
| 净利润 | $-21.7M | $-7.6M |
| 毛利率 | 70.2% | 68.5% |
| 营业利润率 | -4.1% | 30.7% |
| 净利率 | -10.2% | -5.2% |
| 营收同比 | 20.4% | 9.3% |
| 净利润同比 | 34.8% | 14.6% |
| 每股收益（稀释后） | $-0.15 | $-0.06 |
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ATECLSCC
| Q1 26 | — | $145.8M | ||
| Q4 25 | $212.9M | — | ||
| Q3 25 | $196.5M | $133.3M | ||
| Q2 25 | $185.5M | $124.0M | ||
| Q1 25 | $169.2M | $120.2M | ||
| Q4 24 | $176.8M | $117.4M | ||
| Q3 24 | $150.7M | $127.1M | ||
| Q2 24 | $145.6M | $124.1M |
净利润ATECLSCC
| Q1 26 | — | $-7.6M | ||
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $2.8M | ||
| Q2 25 | $-41.1M | $2.9M | ||
| Q1 25 | $-51.9M | $5.0M | ||
| Q4 24 | $-33.3M | $16.5M | ||
| Q3 24 | $-39.6M | $7.2M | ||
| Q2 24 | $-40.7M | $22.6M |
毛利率ATECLSCC
| Q1 26 | — | 68.5% | ||
| Q4 25 | 70.2% | — | ||
| Q3 25 | 69.9% | 67.9% | ||
| Q2 25 | 69.6% | 68.4% | ||
| Q1 25 | 68.6% | 68.0% | ||
| Q4 24 | 68.8% | 61.1% | ||
| Q3 24 | 68.2% | 69.0% | ||
| Q2 24 | 70.5% | 68.3% |
营业利润率ATECLSCC
| Q1 26 | — | 0.7% | ||
| Q4 25 | -4.1% | — | ||
| Q3 25 | -8.1% | -1.2% | ||
| Q2 25 | -7.1% | 3.8% | ||
| Q1 25 | -26.2% | 5.8% | ||
| Q4 24 | -13.5% | -10.4% | ||
| Q3 24 | -22.4% | 5.9% | ||
| Q2 24 | -24.3% | 18.2% |
净利率ATECLSCC
| Q1 26 | — | -5.2% | ||
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | 2.1% | ||
| Q2 25 | -22.2% | 2.3% | ||
| Q1 25 | -30.7% | 4.2% | ||
| Q4 24 | -18.9% | 14.1% | ||
| Q3 24 | -26.3% | 5.7% | ||
| Q2 24 | -27.9% | 18.2% |
每股收益（稀释后）ATECLSCC
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.19 | $0.02 | ||
| Q2 25 | $-0.27 | $0.02 | ||
| Q1 25 | $-0.35 | $0.04 | ||
| Q4 24 | $-0.22 | $0.12 | ||
| Q3 24 | $-0.28 | $0.05 | ||
| Q2 24 | $-0.29 | $0.16 |
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 | $133.9M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $714.1M |
| 总资产 | $791.2M | — |
| 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ATECLSCC
| Q1 26 | — | $133.9M | ||
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | $117.9M | ||
| Q2 25 | $157.1M | $107.2M | ||
| Q1 25 | $153.2M | $127.6M | ||
| Q4 24 | $138.8M | $136.3M | ||
| Q3 24 | $81.0M | $124.3M | ||
| Q2 24 | $99.8M | $109.2M |
总债务ATECLSCC
| Q1 26 | — | — | ||
| 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 | — |
股东权益ATECLSCC
| Q1 26 | — | $714.1M | ||
| Q4 25 | $12.4M | — | ||
| Q3 25 | $11.5M | $706.4M | ||
| Q2 25 | $23.8M | $687.0M | ||
| Q1 25 | $-85.9M | $707.9M | ||
| Q4 24 | $-14.2M | $710.9M | ||
| Q3 24 | $-1.4M | $703.5M | ||
| Q2 24 | $17.1M | $698.8M |
总资产ATECLSCC
| Q1 26 | — | $883.1M | ||
| Q4 25 | $791.2M | — | ||
| Q3 25 | $787.2M | $844.4M | ||
| Q2 25 | $790.3M | $808.6M | ||
| Q1 25 | $785.5M | $823.6M | ||
| Q4 24 | $775.7M | $843.9M | ||
| Q3 24 | $745.9M | $853.7M | ||
| Q2 24 | $768.6M | $827.5M |
负债/权益比ATECLSCC
| Q1 26 | — | — | ||
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $44.0M |
| 自由现金流率自由现金流/营收 | 3.6% | 30.2% |
| 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 | $153.3M |
8季度趋势，按日历期对齐
经营现金流ATECLSCC
| Q1 26 | — | $57.6M | ||
| Q4 25 | $20.7M | — | ||
| Q3 25 | $14.0M | $47.1M | ||
| Q2 25 | $15.5M | $38.5M | ||
| Q1 25 | $-5.0M | $31.9M | ||
| Q4 24 | $10.5M | $45.4M | ||
| Q3 24 | $-5.3M | $44.0M | ||
| Q2 24 | $-11.4M | $21.9M |
自由现金流ATECLSCC
| Q1 26 | — | $44.0M | ||
| Q4 25 | $7.7M | — | ||
| Q3 25 | $4.8M | $34.0M | ||
| Q2 25 | $5.2M | $31.3M | ||
| Q1 25 | $-15.0M | $23.3M | ||
| Q4 24 | $8.5M | $39.7M | ||
| Q3 24 | $-21.2M | $39.4M | ||
| Q2 24 | $-45.5M | $14.8M |
自由现金流率ATECLSCC
| Q1 26 | — | 30.2% | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 2.4% | 25.5% | ||
| Q2 25 | 2.8% | 25.2% | ||
| Q1 25 | -8.9% | 19.4% | ||
| Q4 24 | 4.8% | 33.8% | ||
| Q3 24 | -14.1% | 31.0% | ||
| Q2 24 | -31.3% | 11.9% |
资本支出强度ATECLSCC
| Q1 26 | — | 9.3% | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | 9.8% | ||
| Q2 25 | 5.6% | 5.8% | ||
| Q1 25 | 5.9% | 7.2% | ||
| Q4 24 | 1.1% | 4.9% | ||
| Q3 24 | 10.5% | 3.7% | ||
| Q2 24 | 23.4% | 5.8% |
现金转化率ATECLSCC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.86× | ||
| Q2 25 | — | 13.23× | ||
| Q1 25 | — | 6.35× | ||
| Q4 24 | — | 2.75× | ||
| Q3 24 | — | 6.12× | ||
| Q2 24 | — | 0.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
