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Alphatec Holdings, Inc.（ATEC）与PagerDuty, Inc.（PD）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PagerDuty, Inc.的1.7倍（$212.9M vs $124.5M），PagerDuty, Inc.净利率更高（129.7% vs -10.2%，领先139.9%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 4.7%），PagerDuty, Inc.自由现金流更多（$24.1M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 5.9%）
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。
PagerDuty是一家美国云计算企业，主打面向IT运维部门的SaaS事件管理平台，可帮助企业实时响应运维异常、快速定位并处理故障，保障业务系统稳定运行，目前已成为全球IT运维领域广受认可的数字化解决方案服务商。
ATEC vs PD — 直观对比
营收规模更大
ATEC
是对方的1.7倍
$124.5M
营收增速更快
ATEC
高出15.7%
4.7%
净利率更高
PD
高出139.9%
-10.2%
自由现金流更多
PD
多$16.3M
$7.7M
两年增速更快
ATEC
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $124.5M |
| 净利润 | $-21.7M | $161.6M |
| 毛利率 | 70.2% | 85.3% |
| 营业利润率 | -4.1% | 6.5% |
| 净利率 | -10.2% | 129.7% |
| 营收同比 | 20.4% | 4.7% |
| 净利润同比 | 34.8% | 2827.7% |
| 每股收益（稀释后） | $-0.15 | $1.69 |
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ATECPD
| Q4 25 | $212.9M | $124.5M | ||
| Q3 25 | $196.5M | $123.4M | ||
| Q2 25 | $185.5M | $119.8M | ||
| Q1 25 | $169.2M | $121.4M | ||
| Q4 24 | $176.8M | $118.9M | ||
| Q3 24 | $150.7M | $115.9M | ||
| Q2 24 | $145.6M | $111.2M | ||
| Q1 24 | $138.5M | $111.1M |
净利润ATECPD
| Q4 25 | $-21.7M | $161.6M | ||
| Q3 25 | $-28.6M | $9.6M | ||
| Q2 25 | $-41.1M | $-7.2M | ||
| Q1 25 | $-51.9M | $-8.8M | ||
| Q4 24 | $-33.3M | $-5.9M | ||
| Q3 24 | $-39.6M | $-10.9M | ||
| Q2 24 | $-40.7M | $-17.1M | ||
| Q1 24 | $-48.5M | $-28.2M |
毛利率ATECPD
| Q4 25 | 70.2% | 85.3% | ||
| Q3 25 | 69.9% | 84.6% | ||
| Q2 25 | 69.6% | 84.0% | ||
| Q1 25 | 68.6% | 83.6% | ||
| Q4 24 | 68.8% | 83.0% | ||
| Q3 24 | 68.2% | 82.7% | ||
| Q2 24 | 70.5% | 82.6% | ||
| Q1 24 | 70.3% | 81.7% |
营业利润率ATECPD
| Q4 25 | -4.1% | 6.5% | ||
| Q3 25 | -8.1% | 2.9% | ||
| Q2 25 | -7.1% | -8.6% | ||
| Q1 25 | -26.2% | -9.6% | ||
| Q4 24 | -13.5% | -8.7% | ||
| Q3 24 | -22.4% | -13.8% | ||
| Q2 24 | -24.3% | -19.5% | ||
| Q1 24 | -31.3% | -30.1% |
净利率ATECPD
| Q4 25 | -10.2% | 129.7% | ||
| Q3 25 | -14.5% | 7.8% | ||
| Q2 25 | -22.2% | -6.0% | ||
| Q1 25 | -30.7% | -7.2% | ||
| Q4 24 | -18.9% | -5.0% | ||
| Q3 24 | -26.3% | -9.4% | ||
| Q2 24 | -27.9% | -15.4% | ||
| Q1 24 | -35.0% | -25.3% |
每股收益（稀释后）ATECPD
| Q4 25 | $-0.15 | $1.69 | ||
| Q3 25 | $-0.19 | $0.10 | ||
| Q2 25 | $-0.27 | $-0.07 | ||
| Q1 25 | $-0.35 | $-0.12 | ||
| Q4 24 | $-0.22 | $-0.07 | ||
| Q3 24 | $-0.28 | $-0.14 | ||
| Q2 24 | $-0.29 | $-0.26 | ||
| Q1 24 | $-0.34 | $-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 | $547.8M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $320.5M |
| 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ATECPD
| Q4 25 | $160.8M | $547.8M | ||
| Q3 25 | $155.7M | $567.9M | ||
| Q2 25 | $157.1M | $597.1M | ||
| Q1 25 | $153.2M | $570.8M | ||
| Q4 24 | $138.8M | $542.2M | ||
| Q3 24 | $81.0M | $599.3M | ||
| Q2 24 | $99.8M | $592.8M | ||
| Q1 24 | $144.1M | $571.2M |
总债务ATECPD
| Q4 25 | $565.9M | — | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | — | ||
| Q1 25 | $548.4M | $484.5M | ||
| Q4 24 | $576.2M | — | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | $489.5M |
股东权益ATECPD
| Q4 25 | $12.4M | $320.5M | ||
| Q3 25 | $11.5M | $180.7M | ||
| Q2 25 | $23.8M | $145.7M | ||
| Q1 25 | $-85.9M | $129.8M | ||
| Q4 24 | $-14.2M | $111.6M | ||
| Q3 24 | $-1.4M | $164.7M | ||
| Q2 24 | $17.1M | $174.0M | ||
| Q1 24 | $37.6M | $171.6M |
总资产ATECPD
| Q4 25 | $791.2M | $1.0B | ||
| Q3 25 | $787.2M | $891.5M | ||
| Q2 25 | $790.3M | $926.8M | ||
| Q1 25 | $785.5M | $927.3M | ||
| Q4 24 | $775.7M | $866.8M | ||
| Q3 24 | $745.9M | $916.0M | ||
| Q2 24 | $768.6M | $924.0M | ||
| Q1 24 | $774.6M | $925.3M |
负债/权益比ATECPD
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.34× | — | ||
| Q1 24 | 13.70× | 2.85× |
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 | $24.8M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $24.1M |
| 自由现金流率自由现金流/营收 | 3.6% | 19.3% |
| 资本支出强度资本支出/营收 | 6.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.15× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $117.6M |
8季度趋势，按日历期对齐
经营现金流ATECPD
| Q4 25 | $20.7M | $24.8M | ||
| Q3 25 | $14.0M | $34.0M | ||
| Q2 25 | $15.5M | $30.7M | ||
| Q1 25 | $-5.0M | $31.4M | ||
| Q4 24 | $10.5M | $22.1M | ||
| Q3 24 | $-5.3M | $35.8M | ||
| Q2 24 | $-11.4M | $28.6M | ||
| Q1 24 | $-38.4M | $22.2M |
自由现金流ATECPD
| Q4 25 | $7.7M | $24.1M | ||
| Q3 25 | $4.8M | $33.1M | ||
| Q2 25 | $5.2M | $30.2M | ||
| Q1 25 | $-15.0M | $30.3M | ||
| Q4 24 | $8.5M | $21.5M | ||
| Q3 24 | $-21.2M | $35.1M | ||
| Q2 24 | $-45.5M | $28.2M | ||
| Q1 24 | $-69.8M | $21.2M |
自由现金流率ATECPD
| Q4 25 | 3.6% | 19.3% | ||
| Q3 25 | 2.4% | 26.8% | ||
| Q2 25 | 2.8% | 25.2% | ||
| Q1 25 | -8.9% | 24.9% | ||
| Q4 24 | 4.8% | 18.1% | ||
| Q3 24 | -14.1% | 30.3% | ||
| Q2 24 | -31.3% | 25.4% | ||
| Q1 24 | -50.4% | 19.1% |
资本支出强度ATECPD
| Q4 25 | 6.1% | 0.6% | ||
| Q3 25 | 4.7% | 0.7% | ||
| Q2 25 | 5.6% | 0.4% | ||
| Q1 25 | 5.9% | 0.9% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 10.5% | 0.5% | ||
| Q2 24 | 23.4% | 0.4% | ||
| Q1 24 | 22.6% | 0.9% |
现金转化率ATECPD
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| 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
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
