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Alphatec Holdings, Inc.（ATEC）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
Alphatec Holdings, Inc.的季度营收约是福尼克斯的1.0倍（$212.9M vs $210.4M），福尼克斯净利率更高（10.9% vs -10.2%，领先21.1%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -3.8%）
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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
ATEC vs PLAB — 直观对比
营收规模更大
ATEC
是对方的1.0倍
$210.4M
营收增速更快
ATEC
高出25.9%
-5.5%
净利率更高
PLAB
高出21.1%
-10.2%
自由现金流更多
PLAB
多$17.5M
$7.7M
两年增速更快
ATEC
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $210.4M |
| 净利润 | $-21.7M | $22.9M |
| 毛利率 | 70.2% | 33.7% |
| 营业利润率 | -4.1% | 22.9% |
| 净利率 | -10.2% | 10.9% |
| 营收同比 | 20.4% | -5.5% |
| 净利润同比 | 34.8% | -32.4% |
| 每股收益（稀释后） | $-0.15 | $0.39 |
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ATECPLAB
| Q4 25 | $212.9M | — | ||
| Q3 25 | $196.5M | $210.4M | ||
| Q2 25 | $185.5M | $211.0M | ||
| Q1 25 | $169.2M | $212.1M | ||
| Q4 24 | $176.8M | $222.6M | ||
| Q3 24 | $150.7M | $211.0M | ||
| Q2 24 | $145.6M | $217.0M | ||
| Q1 24 | $138.5M | $216.3M |
净利润ATECPLAB
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $22.9M | ||
| Q2 25 | $-41.1M | $8.9M | ||
| Q1 25 | $-51.9M | $42.9M | ||
| Q4 24 | $-33.3M | $33.9M | ||
| Q3 24 | $-39.6M | $34.4M | ||
| Q2 24 | $-40.7M | $36.3M | ||
| Q1 24 | $-48.5M | $26.2M |
毛利率ATECPLAB
| Q4 25 | 70.2% | — | ||
| Q3 25 | 69.9% | 33.7% | ||
| Q2 25 | 69.6% | 36.9% | ||
| Q1 25 | 68.6% | 35.6% | ||
| Q4 24 | 68.8% | 37.0% | ||
| Q3 24 | 68.2% | 35.6% | ||
| Q2 24 | 70.5% | 36.5% | ||
| Q1 24 | 70.3% | 36.6% |
营业利润率ATECPLAB
| Q4 25 | -4.1% | — | ||
| Q3 25 | -8.1% | 22.9% | ||
| Q2 25 | -7.1% | 26.4% | ||
| Q1 25 | -26.2% | 24.6% | ||
| Q4 24 | -13.5% | 25.1% | ||
| Q3 24 | -22.4% | 24.7% | ||
| Q2 24 | -24.3% | 25.8% | ||
| Q1 24 | -31.3% | 26.6% |
净利率ATECPLAB
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | 10.9% | ||
| Q2 25 | -22.2% | 4.2% | ||
| Q1 25 | -30.7% | 20.2% | ||
| Q4 24 | -18.9% | 15.2% | ||
| Q3 24 | -26.3% | 16.3% | ||
| Q2 24 | -27.9% | 16.7% | ||
| Q1 24 | -35.0% | 12.1% |
每股收益（稀释后）ATECPLAB
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.19 | $0.39 | ||
| Q2 25 | $-0.27 | $0.15 | ||
| Q1 25 | $-0.35 | $0.68 | ||
| Q4 24 | $-0.22 | $0.54 | ||
| Q3 24 | $-0.28 | $0.55 | ||
| Q2 24 | $-0.29 | $0.58 | ||
| Q1 24 | $-0.34 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | $565.9M | $16.0K |
| 股东权益账面价值 | $12.4M | $1.1B |
| 总资产 | $791.2M | $1.8B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ATECPLAB
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | $575.8M | ||
| Q2 25 | $157.1M | $558.4M | ||
| Q1 25 | $153.2M | $642.2M | ||
| Q4 24 | $138.8M | $640.7M | ||
| Q3 24 | $81.0M | $606.4M | ||
| Q2 24 | $99.8M | $559.9M | ||
| Q1 24 | $144.1M | $521.5M |
总债务ATECPLAB
| Q4 25 | $565.9M | — | ||
| Q3 25 | $559.7M | $16.0K | ||
| Q2 25 | $553.9M | $19.0K | ||
| Q1 25 | $548.4M | $21.0K | ||
| Q4 24 | $576.2M | $25.0K | ||
| Q3 24 | $527.7M | $28.0K | ||
| Q2 24 | $519.2M | $2.5M | ||
| Q1 24 | $514.4M | $2.7M |
股东权益ATECPLAB
| Q4 25 | $12.4M | — | ||
| Q3 25 | $11.5M | $1.1B | ||
| Q2 25 | $23.8M | $1.1B | ||
| Q1 25 | $-85.9M | $1.1B | ||
| Q4 24 | $-14.2M | $1.1B | ||
| Q3 24 | $-1.4M | $1.1B | ||
| Q2 24 | $17.1M | $1.0B | ||
| Q1 24 | $37.6M | $1.0B |
总资产ATECPLAB
| Q4 25 | $791.2M | — | ||
| Q3 25 | $787.2M | $1.8B | ||
| Q2 25 | $790.3M | $1.7B | ||
| Q1 25 | $785.5M | $1.7B | ||
| Q4 24 | $775.7M | $1.7B | ||
| Q3 24 | $745.9M | $1.6B | ||
| Q2 24 | $768.6M | $1.6B | ||
| Q1 24 | $774.6M | $1.6B |
负债/权益比ATECPLAB
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | 0.00× | ||
| Q2 25 | 23.30× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 30.34× | 0.00× | ||
| Q1 24 | 13.70× | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $25.2M |
| 自由现金流率自由现金流/营收 | 3.6% | 12.0% |
| 资本支出强度资本支出/营收 | 6.1% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 2.19× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $64.5M |
8季度趋势，按日历期对齐
经营现金流ATECPLAB
| Q4 25 | $20.7M | — | ||
| Q3 25 | $14.0M | $50.1M | ||
| Q2 25 | $15.5M | $31.5M | ||
| Q1 25 | $-5.0M | $78.5M | ||
| Q4 24 | $10.5M | $68.4M | ||
| Q3 24 | $-5.3M | $75.1M | ||
| Q2 24 | $-11.4M | $76.5M | ||
| Q1 24 | $-38.4M | $41.5M |
自由现金流ATECPLAB
| Q4 25 | $7.7M | — | ||
| Q3 25 | $4.8M | $25.2M | ||
| Q2 25 | $5.2M | $-29.1M | ||
| Q1 25 | $-15.0M | $43.3M | ||
| Q4 24 | $8.5M | $25.2M | ||
| Q3 24 | $-21.2M | $50.7M | ||
| Q2 24 | $-45.5M | $56.5M | ||
| Q1 24 | $-69.8M | $-1.8M |
自由现金流率ATECPLAB
| Q4 25 | 3.6% | — | ||
| Q3 25 | 2.4% | 12.0% | ||
| Q2 25 | 2.8% | -13.8% | ||
| Q1 25 | -8.9% | 20.4% | ||
| Q4 24 | 4.8% | 11.3% | ||
| Q3 24 | -14.1% | 24.0% | ||
| Q2 24 | -31.3% | 26.0% | ||
| Q1 24 | -50.4% | -0.8% |
资本支出强度ATECPLAB
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | 11.8% | ||
| Q2 25 | 5.6% | 28.7% | ||
| Q1 25 | 5.9% | 16.6% | ||
| Q4 24 | 1.1% | 19.4% | ||
| Q3 24 | 10.5% | 11.6% | ||
| Q2 24 | 23.4% | 9.2% | ||
| Q1 24 | 22.6% | 20.0% |
现金转化率ATECPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.59× |
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
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
