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Alphatec Holdings, Inc.（ATEC）与OneStream, Inc.（OS）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OneStream, Inc.的1.3倍（$212.9M vs $163.7M），OneStream, Inc.净利率更高（0.6% vs -10.2%，领先10.8%），OneStream, Inc.同比增速更快（23.6% vs 20.4%），OneStream, Inc.自由现金流更多（$25.6M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 21.8%）
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。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
ATEC vs OS — 直观对比
营收规模更大
ATEC
是对方的1.3倍
$163.7M
营收增速更快
OS
高出3.2%
20.4%
净利率更高
OS
高出10.8%
-10.2%
自由现金流更多
OS
多$17.9M
$7.7M
两年增速更快
ATEC
近两年复合增速
21.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $163.7M |
| 净利润 | $-21.7M | $999.0K |
| 毛利率 | 70.2% | 69.8% |
| 营业利润率 | -4.1% | -3.2% |
| 净利率 | -10.2% | 0.6% |
| 营收同比 | 20.4% | 23.6% |
| 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ATECOS
| Q4 25 | $212.9M | $163.7M | ||
| Q3 25 | $196.5M | $154.3M | ||
| Q2 25 | $185.5M | $147.6M | ||
| Q1 25 | $169.2M | $136.3M | ||
| Q4 24 | $176.8M | $132.5M | ||
| Q3 24 | $150.7M | $129.1M | ||
| Q2 24 | $145.6M | $117.5M | ||
| Q1 24 | $138.5M | $110.3M |
净利润ATECOS
| Q4 25 | $-21.7M | $999.0K | ||
| Q3 25 | $-28.6M | $-8.8M | ||
| Q2 25 | $-41.1M | $-18.4M | ||
| Q1 25 | $-51.9M | $-24.0M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $-171.9M | ||
| Q2 24 | $-40.7M | $-7.8M | ||
| Q1 24 | $-48.5M | $-5.0M |
毛利率ATECOS
| Q4 25 | 70.2% | 69.8% | ||
| Q3 25 | 69.9% | 68.1% | ||
| Q2 25 | 69.6% | 68.6% | ||
| Q1 25 | 68.6% | 68.0% | ||
| Q4 24 | 68.8% | 66.8% | ||
| Q3 24 | 68.2% | 50.1% | ||
| Q2 24 | 70.5% | 68.5% | ||
| Q1 24 | 70.3% | 69.1% |
营业利润率ATECOS
| Q4 25 | -4.1% | -3.2% | ||
| Q3 25 | -8.1% | -11.3% | ||
| Q2 25 | -7.1% | -21.8% | ||
| Q1 25 | -26.2% | -29.3% | ||
| Q4 24 | -13.5% | -35.8% | ||
| Q3 24 | -22.4% | -197.6% | ||
| Q2 24 | -24.3% | -9.8% | ||
| Q1 24 | -31.3% | -4.9% |
净利率ATECOS
| Q4 25 | -10.2% | 0.6% | ||
| Q3 25 | -14.5% | -5.7% | ||
| Q2 25 | -22.2% | -12.5% | ||
| Q1 25 | -30.7% | -17.6% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | -133.1% | ||
| Q2 24 | -27.9% | -6.7% | ||
| Q1 24 | -35.0% | -4.5% |
每股收益（稀释后）ATECOS
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.27 | — | ||
| Q1 25 | $-0.35 | — | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $-0.28 | $-1.06 | ||
| 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 | $693.6M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $504.7M |
| 总资产 | $791.2M | $1.0B |
| 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ATECOS
| Q4 25 | $160.8M | $693.6M | ||
| Q3 25 | $155.7M | $653.9M | ||
| Q2 25 | $157.1M | $652.1M | ||
| Q1 25 | $153.2M | $593.9M | ||
| Q4 24 | $138.8M | $544.2M | ||
| Q3 24 | $81.0M | $495.5M | ||
| Q2 24 | $99.8M | $140.5M | ||
| Q1 24 | $144.1M | — |
总债务ATECOS
| 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ATECOS
| Q4 25 | $12.4M | $504.7M | ||
| Q3 25 | $11.5M | $472.1M | ||
| Q2 25 | $23.8M | $458.2M | ||
| Q1 25 | $-85.9M | $412.9M | ||
| Q4 24 | $-14.2M | $386.2M | ||
| Q3 24 | $-1.4M | $458.2M | ||
| Q2 24 | $17.1M | $97.5M | ||
| Q1 24 | $37.6M | $102.5M |
总资产ATECOS
| Q4 25 | $791.2M | $1.0B | ||
| Q3 25 | $787.2M | $949.4M | ||
| Q2 25 | $790.3M | $910.5M | ||
| Q1 25 | $785.5M | $867.3M | ||
| Q4 24 | $775.7M | $823.2M | ||
| Q3 24 | $745.9M | $750.1M | ||
| Q2 24 | $768.6M | $379.7M | ||
| Q1 24 | $774.6M | — |
负债/权益比ATECOS
| 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 | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $25.6M |
| 自由现金流率自由现金流/营收 | 3.6% | 15.7% |
| 资本支出强度资本支出/营收 | 6.1% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 25.79× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $95.6M |
8季度趋势，按日历期对齐
经营现金流ATECOS
| Q4 25 | $20.7M | $25.8M | ||
| Q3 25 | $14.0M | $5.0M | ||
| Q2 25 | $15.5M | $29.7M | ||
| Q1 25 | $-5.0M | $36.2M | ||
| Q4 24 | $10.5M | — | ||
| Q3 24 | $-5.3M | $2.4M | ||
| Q2 24 | $-11.4M | $8.1M | ||
| Q1 24 | $-38.4M | $25.5M |
自由现金流ATECOS
| Q4 25 | $7.7M | $25.6M | ||
| Q3 25 | $4.8M | $4.8M | ||
| Q2 25 | $5.2M | $29.4M | ||
| Q1 25 | $-15.0M | $35.8M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | $1.3M | ||
| Q2 24 | $-45.5M | $7.7M | ||
| Q1 24 | $-69.8M | $24.9M |
自由现金流率ATECOS
| Q4 25 | 3.6% | 15.7% | ||
| Q3 25 | 2.4% | 3.1% | ||
| Q2 25 | 2.8% | 19.9% | ||
| Q1 25 | -8.9% | 26.3% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | 1.0% | ||
| Q2 24 | -31.3% | 6.6% | ||
| Q1 24 | -50.4% | 22.5% |
资本支出强度ATECOS
| Q4 25 | 6.1% | 0.1% | ||
| Q3 25 | 4.7% | 0.1% | ||
| Q2 25 | 5.6% | 0.2% | ||
| Q1 25 | 5.9% | 0.3% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | 0.8% | ||
| Q2 24 | 23.4% | 0.3% | ||
| Q1 24 | 22.6% | 0.6% |
现金转化率ATECOS
| Q4 25 | — | 25.79× | ||
| 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
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
