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Alphatec Holdings, Inc.（ATEC）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是Alphatec Holdings, Inc.的1.9倍（$411.1M vs $212.9M），UiPath, Inc.净利率更高（48.4% vs -10.2%，领先58.6%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 15.9%），UiPath, Inc.自由现金流更多（$25.1M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
ATEC vs PATH — 直观对比
营收规模更大
PATH
是对方的1.9倍
$212.9M
营收增速更快
ATEC
高出4.5%
15.9%
净利率更高
PATH
高出58.6%
-10.2%
自由现金流更多
PATH
多$17.4M
$7.7M
两年增速更快
ATEC
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $411.1M |
| 净利润 | $-21.7M | $198.8M |
| 毛利率 | 70.2% | 83.3% |
| 营业利润率 | -4.1% | 3.2% |
| 净利率 | -10.2% | 48.4% |
| 营收同比 | 20.4% | 15.9% |
| 净利润同比 | 34.8% | 1966.2% |
| 每股收益（稀释后） | $-0.15 | $0.37 |
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ATECPATH
| Q4 25 | $212.9M | $411.1M | ||
| Q3 25 | $196.5M | $361.7M | ||
| Q2 25 | $185.5M | $356.6M | ||
| Q1 25 | $169.2M | $423.6M | ||
| Q4 24 | $176.8M | $354.7M | ||
| Q3 24 | $150.7M | $316.3M | ||
| Q2 24 | $145.6M | $335.1M | ||
| Q1 24 | $138.5M | $405.3M |
净利润ATECPATH
| Q4 25 | $-21.7M | $198.8M | ||
| Q3 25 | $-28.6M | $1.6M | ||
| Q2 25 | $-41.1M | $-22.6M | ||
| Q1 25 | $-51.9M | $51.8M | ||
| Q4 24 | $-33.3M | $-10.7M | ||
| Q3 24 | $-39.6M | $-86.1M | ||
| Q2 24 | $-40.7M | $-28.7M | ||
| Q1 24 | $-48.5M | $33.9M |
毛利率ATECPATH
| Q4 25 | 70.2% | 83.3% | ||
| Q3 25 | 69.9% | 82.2% | ||
| Q2 25 | 69.6% | 82.1% | ||
| Q1 25 | 68.6% | 84.8% | ||
| Q4 24 | 68.8% | 82.0% | ||
| Q3 24 | 68.2% | 80.0% | ||
| Q2 24 | 70.5% | 83.5% | ||
| Q1 24 | 70.3% | 86.8% |
营业利润率ATECPATH
| Q4 25 | -4.1% | 3.2% | ||
| Q3 25 | -8.1% | -5.6% | ||
| Q2 25 | -7.1% | -4.6% | ||
| Q1 25 | -26.2% | 7.9% | ||
| Q4 24 | -13.5% | -12.2% | ||
| Q3 24 | -22.4% | -32.7% | ||
| Q2 24 | -24.3% | -14.8% | ||
| Q1 24 | -31.3% | 3.7% |
净利率ATECPATH
| Q4 25 | -10.2% | 48.4% | ||
| Q3 25 | -14.5% | 0.4% | ||
| Q2 25 | -22.2% | -6.3% | ||
| Q1 25 | -30.7% | 12.2% | ||
| Q4 24 | -18.9% | -3.0% | ||
| Q3 24 | -26.3% | -27.2% | ||
| Q2 24 | -27.9% | -8.6% | ||
| Q1 24 | -35.0% | 8.4% |
每股收益（稀释后）ATECPATH
| Q4 25 | $-0.15 | $0.37 | ||
| Q3 25 | $-0.19 | $0.00 | ||
| Q2 25 | $-0.27 | $-0.04 | ||
| Q1 25 | $-0.35 | $0.09 | ||
| Q4 24 | $-0.22 | $-0.02 | ||
| Q3 24 | $-0.28 | $-0.15 | ||
| Q2 24 | $-0.29 | $-0.05 | ||
| Q1 24 | $-0.34 | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $1.9B |
| 总资产 | $791.2M | $2.9B |
| 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ATECPATH
| Q4 25 | $160.8M | $1.4B | ||
| Q3 25 | $155.7M | $1.4B | ||
| Q2 25 | $157.1M | $1.6B | ||
| Q1 25 | $153.2M | $1.6B | ||
| Q4 24 | $138.8M | $1.6B | ||
| Q3 24 | $81.0M | $1.7B | ||
| Q2 24 | $99.8M | $1.9B | ||
| Q1 24 | $144.1M | $1.9B |
总债务ATECPATH
| 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ATECPATH
| Q4 25 | $12.4M | $1.9B | ||
| Q3 25 | $11.5M | $1.7B | ||
| Q2 25 | $23.8M | $1.7B | ||
| Q1 25 | $-85.9M | $1.8B | ||
| Q4 24 | $-14.2M | $1.7B | ||
| Q3 24 | $-1.4M | $1.8B | ||
| Q2 24 | $17.1M | $2.0B | ||
| Q1 24 | $37.6M | $2.0B |
总资产ATECPATH
| Q4 25 | $791.2M | $2.9B | ||
| Q3 25 | $787.2M | $2.6B | ||
| Q2 25 | $790.3M | $2.6B | ||
| Q1 25 | $785.5M | $2.9B | ||
| Q4 24 | $775.7M | $2.7B | ||
| Q3 24 | $745.9M | $2.7B | ||
| Q2 24 | $768.6M | $2.8B | ||
| Q1 24 | $774.6M | $3.0B |
负债/权益比ATECPATH
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $25.1M |
| 自由现金流率自由现金流/营收 | 3.6% | 6.1% |
| 资本支出强度资本支出/营收 | 6.1% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | $2.8M | — |
8季度趋势，按日历期对齐
经营现金流ATECPATH
| Q4 25 | $20.7M | $28.3M | ||
| Q3 25 | $14.0M | $41.6M | ||
| Q2 25 | $15.5M | $119.0M | ||
| Q1 25 | $-5.0M | $146.1M | ||
| Q4 24 | $10.5M | $28.1M | ||
| Q3 24 | $-5.3M | $46.4M | ||
| Q2 24 | $-11.4M | $100.0M | ||
| Q1 24 | $-38.4M | $145.6M |
自由现金流ATECPATH
| Q4 25 | $7.7M | $25.1M | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $5.2M | $106.2M | ||
| Q1 25 | $-15.0M | $138.7M | ||
| Q4 24 | $8.5M | $23.2M | ||
| Q3 24 | $-21.2M | $45.0M | ||
| Q2 24 | $-45.5M | $98.8M | ||
| Q1 24 | $-69.8M | $141.8M |
自由现金流率ATECPATH
| Q4 25 | 3.6% | 6.1% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | 29.8% | ||
| Q1 25 | -8.9% | 32.7% | ||
| Q4 24 | 4.8% | 6.5% | ||
| Q3 24 | -14.1% | 14.2% | ||
| Q2 24 | -31.3% | 29.5% | ||
| Q1 24 | -50.4% | 35.0% |
资本支出强度ATECPATH
| Q4 25 | 6.1% | 0.8% | ||
| Q3 25 | 4.7% | 0.0% | ||
| Q2 25 | 5.6% | 3.6% | ||
| Q1 25 | 5.9% | 1.7% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 10.5% | 0.4% | ||
| Q2 24 | 23.4% | 0.4% | ||
| Q1 24 | 22.6% | 0.9% |
现金转化率ATECPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.29× |
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
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
