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Alphatec Holdings, Inc.（ATEC）与PAMT CORP（PAMT）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PAMT CORP的1.5倍（$212.9M vs $141.3M），Alphatec Holdings, Inc.净利率更高（-10.2% vs -20.7%，领先10.5%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -15.1%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-25.0M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -12.0%）
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。
ATEC vs PAMT — 直观对比
营收规模更大
ATEC
是对方的1.5倍
$141.3M
营收增速更快
ATEC
高出35.6%
-15.1%
净利率更高
ATEC
高出10.5%
-20.7%
自由现金流更多
ATEC
多$32.7M
$-25.0M
两年增速更快
ATEC
近两年复合增速
-12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $141.3M |
| 净利润 | $-21.7M | $-29.3M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | -27.0% |
| 净利率 | -10.2% | -20.7% |
| 营收同比 | 20.4% | -15.1% |
| 净利润同比 | 34.8% | 7.4% |
| 每股收益（稀释后） | $-0.15 | $-1.38 |
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ATECPAMT
| Q4 25 | $212.9M | $141.3M | ||
| Q3 25 | $196.5M | $150.3M | ||
| Q2 25 | $185.5M | $151.1M | ||
| Q1 25 | $169.2M | $155.3M | ||
| Q4 24 | $176.8M | $166.5M | ||
| Q3 24 | $150.7M | $182.6M | ||
| Q2 24 | $145.6M | $182.9M | ||
| Q1 24 | $138.5M | $182.6M |
净利润ATECPAMT
| Q4 25 | $-21.7M | $-29.3M | ||
| Q3 25 | $-28.6M | $-5.6M | ||
| Q2 25 | $-41.1M | $-9.6M | ||
| Q1 25 | $-51.9M | $-8.1M | ||
| Q4 24 | $-33.3M | $-31.6M | ||
| Q3 24 | $-39.6M | $2.4M | ||
| Q2 24 | $-40.7M | $-2.9M | ||
| Q1 24 | $-48.5M | $281.0K |
毛利率ATECPAMT
| 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ATECPAMT
| Q4 25 | -4.1% | -27.0% | ||
| Q3 25 | -8.1% | -3.8% | ||
| Q2 25 | -7.1% | -7.3% | ||
| Q1 25 | -26.2% | -5.9% | ||
| Q4 24 | -13.5% | -22.6% | ||
| Q3 24 | -22.4% | 1.3% | ||
| Q2 24 | -24.3% | -0.4% | ||
| Q1 24 | -31.3% | -0.4% |
净利率ATECPAMT
| Q4 25 | -10.2% | -20.7% | ||
| Q3 25 | -14.5% | -3.7% | ||
| Q2 25 | -22.2% | -6.4% | ||
| Q1 25 | -30.7% | -5.2% | ||
| Q4 24 | -18.9% | -19.0% | ||
| Q3 24 | -26.3% | 1.3% | ||
| Q2 24 | -27.9% | -1.6% | ||
| Q1 24 | -35.0% | 0.2% |
每股收益（稀释后）ATECPAMT
| Q4 25 | $-0.15 | $-1.38 | ||
| Q3 25 | $-0.19 | $-0.27 | ||
| Q2 25 | $-0.27 | $-0.46 | ||
| Q1 25 | $-0.35 | $-0.37 | ||
| Q4 24 | $-0.22 | $-1.44 | ||
| Q3 24 | $-0.28 | $0.11 | ||
| Q2 24 | $-0.29 | $-0.13 | ||
| Q1 24 | $-0.34 | $0.01 |
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 | $83.7M |
| 总债务越低越好 | $565.9M | $333.9M |
| 股东权益账面价值 | $12.4M | $210.5M |
| 总资产 | $791.2M | $697.9M |
| 负债/权益比越低杠杆越低 | 45.54× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资ATECPAMT
| Q4 25 | $160.8M | $83.7M | ||
| Q3 25 | $155.7M | $115.6M | ||
| Q2 25 | $157.1M | $117.3M | ||
| Q1 25 | $153.2M | $102.7M | ||
| Q4 24 | $138.8M | $110.7M | ||
| Q3 24 | $81.0M | $92.3M | ||
| Q2 24 | $99.8M | $114.0M | ||
| Q1 24 | $144.1M | $125.8M |
总债务ATECPAMT
| Q4 25 | $565.9M | $333.9M | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | — | ||
| Q1 25 | $548.4M | — | ||
| Q4 24 | $576.2M | $325.6M | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECPAMT
| Q4 25 | $12.4M | $210.5M | ||
| Q3 25 | $11.5M | $239.5M | ||
| Q2 25 | $23.8M | $244.9M | ||
| Q1 25 | $-85.9M | $269.6M | ||
| Q4 24 | $-14.2M | $277.5M | ||
| Q3 24 | $-1.4M | $308.9M | ||
| Q2 24 | $17.1M | $306.7M | ||
| Q1 24 | $37.6M | $314.6M |
总资产ATECPAMT
| Q4 25 | $791.2M | $697.9M | ||
| Q3 25 | $787.2M | $715.2M | ||
| Q2 25 | $790.3M | $707.9M | ||
| Q1 25 | $785.5M | $712.6M | ||
| Q4 24 | $775.7M | $741.7M | ||
| Q3 24 | $745.9M | $756.7M | ||
| Q2 24 | $768.6M | $733.5M | ||
| Q1 24 | $774.6M | $746.4M |
负债/权益比ATECPAMT
| Q4 25 | 45.54× | 1.59× | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $-25.0M |
| 自由现金流率自由现金流/营收 | 3.6% | -17.7% |
| 资本支出强度资本支出/营收 | 6.1% | 13.6% |
| 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 | $-23.4M |
8季度趋势，按日历期对齐
经营现金流ATECPAMT
| Q4 25 | $20.7M | $-5.8M | ||
| Q3 25 | $14.0M | $5.9M | ||
| Q2 25 | $15.5M | $12.2M | ||
| Q1 25 | $-5.0M | $5.0M | ||
| Q4 24 | $10.5M | $15.2M | ||
| Q3 24 | $-5.3M | $15.5M | ||
| Q2 24 | $-11.4M | $18.7M | ||
| Q1 24 | $-38.4M | $9.6M |
自由现金流ATECPAMT
| Q4 25 | $7.7M | $-25.0M | ||
| Q3 25 | $4.8M | $2.5M | ||
| Q2 25 | $5.2M | $5.9M | ||
| Q1 25 | $-15.0M | $-6.8M | ||
| Q4 24 | $8.5M | $-39.9M | ||
| Q3 24 | $-21.2M | $-33.6M | ||
| Q2 24 | $-45.5M | $4.1M | ||
| Q1 24 | $-69.8M | $-12.2M |
自由现金流率ATECPAMT
| Q4 25 | 3.6% | -17.7% | ||
| Q3 25 | 2.4% | 1.7% | ||
| Q2 25 | 2.8% | 3.9% | ||
| Q1 25 | -8.9% | -4.4% | ||
| Q4 24 | 4.8% | -24.0% | ||
| Q3 24 | -14.1% | -18.4% | ||
| Q2 24 | -31.3% | 2.2% | ||
| Q1 24 | -50.4% | -6.7% |
资本支出强度ATECPAMT
| Q4 25 | 6.1% | 13.6% | ||
| Q3 25 | 4.7% | 2.3% | ||
| Q2 25 | 5.6% | 4.2% | ||
| Q1 25 | 5.9% | 7.6% | ||
| Q4 24 | 1.1% | 33.1% | ||
| Q3 24 | 10.5% | 26.9% | ||
| Q2 24 | 23.4% | 8.0% | ||
| Q1 24 | 22.6% | 12.0% |
现金转化率ATECPAMT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
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
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
