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Alphatec Holdings, Inc.（ATEC）与MARCUS CORP（MCS）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MARCUS CORP的1.1倍（$212.9M vs $193.5M），Alphatec Holdings, Inc.同比增速更快（20.4% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 18.2%）
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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
ATEC vs MCS — 直观对比
营收规模更大
ATEC
是对方的1.1倍
$193.5M
营收增速更快
ATEC
高出17.7%
2.8%
自由现金流更多
MCS
多$18.7M
$7.7M
两年增速更快
ATEC
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $193.5M |
| 净利润 | $-21.7M | — |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | 0.9% |
| 净利率 | -10.2% | — |
| 营收同比 | 20.4% | 2.8% |
| 净利润同比 | 34.8% | — |
| 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ATECMCS
| Q4 25 | $212.9M | $193.5M | ||
| Q3 25 | $196.5M | $210.2M | ||
| Q2 25 | $185.5M | $206.0M | ||
| Q1 25 | $169.2M | $148.8M | ||
| Q4 24 | $176.8M | $188.3M | ||
| Q3 24 | $150.7M | $232.7M | ||
| Q2 24 | $145.6M | $176.0M | ||
| Q1 24 | $138.5M | $138.5M |
净利润ATECMCS
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $16.2M | ||
| Q2 25 | $-41.1M | $7.3M | ||
| Q1 25 | $-51.9M | $-16.8M | ||
| Q4 24 | $-33.3M | $986.0K | ||
| Q3 24 | $-39.6M | $23.3M | ||
| Q2 24 | $-40.7M | $-20.2M | ||
| Q1 24 | $-48.5M | $-11.9M |
毛利率ATECMCS
| 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% | — | ||
| Q1 24 | 70.3% | — |
营业利润率ATECMCS
| Q4 25 | -4.1% | 0.9% | ||
| Q3 25 | -8.1% | 10.8% | ||
| Q2 25 | -7.1% | 6.3% | ||
| Q1 25 | -26.2% | -13.7% | ||
| Q4 24 | -13.5% | -1.2% | ||
| Q3 24 | -22.4% | 14.1% | ||
| Q2 24 | -24.3% | 1.3% | ||
| Q1 24 | -31.3% | -12.0% |
净利率ATECMCS
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | 7.7% | ||
| Q2 25 | -22.2% | 3.6% | ||
| Q1 25 | -30.7% | -11.3% | ||
| Q4 24 | -18.9% | 0.5% | ||
| Q3 24 | -26.3% | 10.0% | ||
| Q2 24 | -27.9% | -11.5% | ||
| Q1 24 | -35.0% | -8.6% |
每股收益（稀释后）ATECMCS
| 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 | — | ||
| Q1 24 | $-0.34 | — |
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 | $23.4M |
| 总债务越低越好 | $565.9M | $159.0M |
| 股东权益账面价值 | $12.4M | $457.4M |
| 总资产 | $791.2M | $1.0B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ATECMCS
| Q4 25 | $160.8M | $23.4M | ||
| Q3 25 | $155.7M | $7.4M | ||
| Q2 25 | $157.1M | $14.9M | ||
| Q1 25 | $153.2M | $11.9M | ||
| Q4 24 | $138.8M | $40.8M | ||
| Q3 24 | $81.0M | $28.4M | ||
| Q2 24 | $99.8M | $32.8M | ||
| Q1 24 | $144.1M | $17.3M |
总债务ATECMCS
| Q4 25 | $565.9M | $159.0M | ||
| Q3 25 | $559.7M | $162.0M | ||
| Q2 25 | $553.9M | $179.9M | ||
| Q1 25 | $548.4M | $198.9M | ||
| Q4 24 | $576.2M | $159.1M | ||
| Q3 24 | $527.7M | $173.1M | ||
| Q2 24 | $519.2M | $175.7M | ||
| Q1 24 | $514.4M | $169.8M |
股东权益ATECMCS
| Q4 25 | $12.4M | $457.4M | ||
| Q3 25 | $11.5M | $454.3M | ||
| Q2 25 | $23.8M | $448.4M | ||
| Q1 25 | $-85.9M | $441.8M | ||
| Q4 24 | $-14.2M | $464.9M | ||
| Q3 24 | $-1.4M | $462.3M | ||
| Q2 24 | $17.1M | $449.4M | ||
| Q1 24 | $37.6M | $459.3M |
总资产ATECMCS
| Q4 25 | $791.2M | $1.0B | ||
| Q3 25 | $787.2M | $1.0B | ||
| Q2 25 | $790.3M | $1.0B | ||
| Q1 25 | $785.5M | $1.0B | ||
| Q4 24 | $775.7M | $1.0B | ||
| Q3 24 | $745.9M | $1.0B | ||
| Q2 24 | $768.6M | $1.1B | ||
| Q1 24 | $774.6M | $1.0B |
负债/权益比ATECMCS
| Q4 25 | 45.54× | 0.35× | ||
| Q3 25 | 48.64× | 0.36× | ||
| Q2 25 | 23.30× | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | 30.34× | 0.39× | ||
| Q1 24 | 13.70× | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $26.4M |
| 自由现金流率自由现金流/营收 | 3.6% | 13.6% |
| 资本支出强度资本支出/营收 | 6.1% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流ATECMCS
| Q4 25 | $20.7M | $48.8M | ||
| Q3 25 | $14.0M | $39.1M | ||
| Q2 25 | $15.5M | $31.6M | ||
| Q1 25 | $-5.0M | $-35.3M | ||
| Q4 24 | $10.5M | $52.6M | ||
| Q3 24 | $-5.3M | $30.5M | ||
| Q2 24 | $-11.4M | $36.0M | ||
| Q1 24 | $-38.4M | $-15.1M |
自由现金流ATECMCS
| Q4 25 | $7.7M | $26.4M | ||
| Q3 25 | $4.8M | $18.2M | ||
| Q2 25 | $5.2M | $14.7M | ||
| Q1 25 | $-15.0M | $-58.3M | ||
| Q4 24 | $8.5M | $27.1M | ||
| Q3 24 | $-21.2M | $12.0M | ||
| Q2 24 | $-45.5M | $16.1M | ||
| Q1 24 | $-69.8M | $-30.5M |
自由现金流率ATECMCS
| Q4 25 | 3.6% | 13.6% | ||
| Q3 25 | 2.4% | 8.7% | ||
| Q2 25 | 2.8% | 7.1% | ||
| Q1 25 | -8.9% | -39.2% | ||
| Q4 24 | 4.8% | 14.4% | ||
| Q3 24 | -14.1% | 5.2% | ||
| Q2 24 | -31.3% | 9.2% | ||
| Q1 24 | -50.4% | -22.0% |
资本支出强度ATECMCS
| Q4 25 | 6.1% | 11.6% | ||
| Q3 25 | 4.7% | 9.9% | ||
| Q2 25 | 5.6% | 8.2% | ||
| Q1 25 | 5.9% | 15.5% | ||
| Q4 24 | 1.1% | 13.5% | ||
| Q3 24 | 10.5% | 7.9% | ||
| Q2 24 | 23.4% | 11.3% | ||
| Q1 24 | 22.6% | 11.1% |
现金转化率ATECMCS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| 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
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
