vs
Alphatec Holdings, Inc.（ATEC）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）财务数据对比。点击上方公司名可切换其他公司
Natural Grocers by Vitamin Cottage, Inc.的季度营收约是Alphatec Holdings, Inc.的1.6倍（$335.6M vs $212.9M），Natural Grocers by Vitamin Cottage, Inc.净利率更高（3.4% vs -10.2%，领先13.6%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 1.6%），Natural Grocers by Vitamin Cottage, Inc.自由现金流更多（$11.6M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 4.4%）
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。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
ATEC vs NGVC — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $335.6M |
| 净利润 | $-21.7M | $11.3M |
| 毛利率 | 70.2% | 29.5% |
| 营业利润率 | -4.1% | 4.4% |
| 净利率 | -10.2% | 3.4% |
| 营收同比 | 20.4% | 1.6% |
| 净利润同比 | 34.8% | 14.0% |
| 每股收益（稀释后） | $-0.15 | $0.49 |
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
| Q4 25 | $212.9M | $335.6M | ||
| Q3 25 | $196.5M | $336.1M | ||
| Q2 25 | $185.5M | $328.7M | ||
| Q1 25 | $169.2M | $335.8M | ||
| Q4 24 | $176.8M | $330.2M | ||
| Q3 24 | $150.7M | $322.7M | ||
| Q2 24 | $145.6M | $309.1M | ||
| Q1 24 | $138.5M | $308.1M |
| Q4 25 | $-21.7M | $11.3M | ||
| Q3 25 | $-28.6M | $11.8M | ||
| Q2 25 | $-41.1M | $11.6M | ||
| Q1 25 | $-51.9M | $13.1M | ||
| Q4 24 | $-33.3M | $9.9M | ||
| Q3 24 | $-39.6M | $9.0M | ||
| Q2 24 | $-40.7M | $9.2M | ||
| Q1 24 | $-48.5M | $8.0M |
| Q4 25 | 70.2% | 29.5% | ||
| Q3 25 | 69.9% | 29.5% | ||
| Q2 25 | 69.6% | 29.9% | ||
| Q1 25 | 68.6% | 30.3% | ||
| Q4 24 | 68.8% | 29.9% | ||
| Q3 24 | 68.2% | 29.6% | ||
| Q2 24 | 70.5% | 29.2% | ||
| Q1 24 | 70.3% | 29.3% |
| Q4 25 | -4.1% | 4.4% | ||
| Q3 25 | -8.1% | 4.6% | ||
| Q2 25 | -7.1% | 4.7% | ||
| Q1 25 | -26.2% | 5.2% | ||
| Q4 24 | -13.5% | 4.0% | ||
| Q3 24 | -22.4% | 3.7% | ||
| Q2 24 | -24.3% | 4.2% | ||
| Q1 24 | -31.3% | 3.7% |
| Q4 25 | -10.2% | 3.4% | ||
| Q3 25 | -14.5% | 3.5% | ||
| Q2 25 | -22.2% | 3.5% | ||
| Q1 25 | -30.7% | 3.9% | ||
| Q4 24 | -18.9% | 3.0% | ||
| Q3 24 | -26.3% | 2.8% | ||
| Q2 24 | -27.9% | 3.0% | ||
| Q1 24 | -35.0% | 2.6% |
| Q4 25 | $-0.15 | $0.49 | ||
| Q3 25 | $-0.19 | $0.51 | ||
| Q2 25 | $-0.27 | $0.50 | ||
| Q1 25 | $-0.35 | $0.56 | ||
| Q4 24 | $-0.22 | $0.43 | ||
| Q3 24 | $-0.28 | $0.38 | ||
| Q2 24 | $-0.29 | $0.40 | ||
| Q1 24 | $-0.34 | $0.35 |
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 | $23.2M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $220.0M |
| 总资产 | $791.2M | $668.6M |
| 负债/权益比越低杠杆越低 | 45.54× | — |
8季度趋势，按日历期对齐
| Q4 25 | $160.8M | $23.2M | ||
| Q3 25 | $155.7M | $17.1M | ||
| Q2 25 | $157.1M | $13.2M | ||
| Q1 25 | $153.2M | $21.2M | ||
| Q4 24 | $138.8M | $6.3M | ||
| Q3 24 | $81.0M | $8.9M | ||
| Q2 24 | $99.8M | $13.9M | ||
| Q1 24 | $144.1M | $11.0M |
| 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 | — |
| Q4 25 | $12.4M | $220.0M | ||
| Q3 25 | $11.5M | $212.4M | ||
| Q2 25 | $23.8M | $202.5M | ||
| Q1 25 | $-85.9M | $193.0M | ||
| Q4 24 | $-14.2M | $181.9M | ||
| Q3 24 | $-1.4M | $174.3M | ||
| Q2 24 | $17.1M | $167.8M | ||
| Q1 24 | $37.6M | $160.0M |
| Q4 25 | $791.2M | $668.6M | ||
| Q3 25 | $787.2M | $670.5M | ||
| Q2 25 | $790.3M | $659.0M | ||
| Q1 25 | $785.5M | $664.6M | ||
| Q4 24 | $775.7M | $648.9M | ||
| Q3 24 | $745.9M | $655.5M | ||
| Q2 24 | $768.6M | $654.4M | ||
| Q1 24 | $774.6M | $656.6M |
| 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 | $21.1M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $11.6M |
| 自由现金流率自由现金流/营收 | 3.6% | 3.4% |
| 资本支出强度资本支出/营收 | 6.1% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.86× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $42.6M |
8季度趋势，按日历期对齐
| Q4 25 | $20.7M | $21.1M | ||
| Q3 25 | $14.0M | $15.6M | ||
| Q2 25 | $15.5M | $2.9M | ||
| Q1 25 | $-5.0M | $34.1M | ||
| Q4 24 | $10.5M | $2.7M | ||
| Q3 24 | $-5.3M | $24.5M | ||
| Q2 24 | $-11.4M | $12.4M | ||
| Q1 24 | $-38.4M | $20.2M |
| Q4 25 | $7.7M | $11.6M | ||
| Q3 25 | $4.8M | $7.5M | ||
| Q2 25 | $5.2M | $-4.2M | ||
| Q1 25 | $-15.0M | $27.6M | ||
| Q4 24 | $8.5M | $-6.9M | ||
| Q3 24 | $-21.2M | $18.0M | ||
| Q2 24 | $-45.5M | $3.6M | ||
| Q1 24 | $-69.8M | $9.8M |
| Q4 25 | 3.6% | 3.4% | ||
| Q3 25 | 2.4% | 2.2% | ||
| Q2 25 | 2.8% | -1.3% | ||
| Q1 25 | -8.9% | 8.2% | ||
| Q4 24 | 4.8% | -2.1% | ||
| Q3 24 | -14.1% | 5.6% | ||
| Q2 24 | -31.3% | 1.2% | ||
| Q1 24 | -50.4% | 3.2% |
| Q4 25 | 6.1% | 2.9% | ||
| Q3 25 | 4.7% | 2.4% | ||
| Q2 25 | 5.6% | 2.2% | ||
| Q1 25 | 5.9% | 1.9% | ||
| Q4 24 | 1.1% | 2.9% | ||
| Q3 24 | 10.5% | 2.0% | ||
| Q2 24 | 23.4% | 2.9% | ||
| Q1 24 | 22.6% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 2.54× |
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
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
