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Alphatec Holdings, Inc.（ATEC）与通用动力（PLOW）财务数据对比。点击上方公司名可切换其他公司
Alphatec Holdings, Inc.的季度营收约是通用动力的1.2倍（$212.9M vs $184.5M），通用动力净利率更高（7.0% vs -10.2%，领先17.2%），通用动力同比增速更快（28.6% vs 20.4%），通用动力自由现金流更多（$92.8M vs $7.7M），过去两年通用动力的营收复合增速更高（38.9% vs 24.0%）
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。
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
ATEC vs PLOW — 直观对比
营收规模更大
ATEC
是对方的1.2倍
$184.5M
营收增速更快
PLOW
高出8.1%
20.4%
净利率更高
PLOW
高出17.2%
-10.2%
自由现金流更多
PLOW
多$85.1M
$7.7M
两年增速更快
PLOW
近两年复合增速
24.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $184.5M |
| 净利润 | $-21.7M | $12.8M |
| 毛利率 | 70.2% | 26.1% |
| 营业利润率 | -4.1% | 10.5% |
| 净利率 | -10.2% | 7.0% |
| 营收同比 | 20.4% | 28.6% |
| 净利润同比 | 34.8% | 62.3% |
| 每股收益（稀释后） | $-0.15 | $0.54 |
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ATECPLOW
| Q4 25 | $212.9M | $184.5M | ||
| Q3 25 | $196.5M | $162.1M | ||
| Q2 25 | $185.5M | $194.3M | ||
| Q1 25 | $169.2M | $115.1M | ||
| Q4 24 | $176.8M | $143.5M | ||
| Q3 24 | $150.7M | $129.4M | ||
| Q2 24 | $145.6M | $199.9M | ||
| Q1 24 | $138.5M | $95.7M |
净利润ATECPLOW
| Q4 25 | $-21.7M | $12.8M | ||
| Q3 25 | $-28.6M | $8.0M | ||
| Q2 25 | $-41.1M | $26.0M | ||
| Q1 25 | $-51.9M | $148.0K | ||
| Q4 24 | $-33.3M | $7.9M | ||
| Q3 24 | $-39.6M | $32.3M | ||
| Q2 24 | $-40.7M | $24.3M | ||
| Q1 24 | $-48.5M | $-8.4M |
毛利率ATECPLOW
| Q4 25 | 70.2% | 26.1% | ||
| Q3 25 | 69.9% | 23.5% | ||
| Q2 25 | 69.6% | 31.0% | ||
| Q1 25 | 68.6% | 24.5% | ||
| Q4 24 | 68.8% | 24.9% | ||
| Q3 24 | 68.2% | 23.9% | ||
| Q2 24 | 70.5% | 30.7% | ||
| Q1 24 | 70.3% | 19.8% |
营业利润率ATECPLOW
| Q4 25 | -4.1% | 10.5% | ||
| Q3 25 | -8.1% | 8.7% | ||
| Q2 25 | -7.1% | 19.0% | ||
| Q1 25 | -26.2% | 2.8% | ||
| Q4 24 | -13.5% | 9.0% | ||
| Q3 24 | -22.4% | 35.4% | ||
| Q2 24 | -24.3% | 18.2% | ||
| Q1 24 | -31.3% | -6.7% |
净利率ATECPLOW
| Q4 25 | -10.2% | 7.0% | ||
| Q3 25 | -14.5% | 4.9% | ||
| Q2 25 | -22.2% | 13.4% | ||
| Q1 25 | -30.7% | 0.1% | ||
| Q4 24 | -18.9% | 5.5% | ||
| Q3 24 | -26.3% | 24.9% | ||
| Q2 24 | -27.9% | 12.2% | ||
| Q1 24 | -35.0% | -8.7% |
每股收益（稀释后）ATECPLOW
| Q4 25 | $-0.15 | $0.54 | ||
| Q3 25 | $-0.19 | $0.33 | ||
| Q2 25 | $-0.27 | $1.09 | ||
| Q1 25 | $-0.35 | $0.00 | ||
| Q4 24 | $-0.22 | $0.35 | ||
| Q3 24 | $-0.28 | $1.36 | ||
| Q2 24 | $-0.29 | $1.02 | ||
| Q1 24 | $-0.34 | $-0.37 |
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 | — |
| 总债务越低越好 | $565.9M | $144.0M |
| 股东权益账面价值 | $12.4M | $281.4M |
| 总资产 | $791.2M | $626.7M |
| 负债/权益比越低杠杆越低 | 45.54× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资ATECPLOW
| Q4 25 | $160.8M | — | ||
| Q3 25 | $155.7M | — | ||
| Q2 25 | $157.1M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $99.8M | — | ||
| Q1 24 | $144.1M | — |
总债务ATECPLOW
| Q4 25 | $565.9M | $144.0M | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | — | ||
| Q1 25 | $548.4M | — | ||
| Q4 24 | $576.2M | $147.5M | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECPLOW
| Q4 25 | $12.4M | $281.4M | ||
| Q3 25 | $11.5M | $275.3M | ||
| Q2 25 | $23.8M | $273.3M | ||
| Q1 25 | $-85.9M | $258.9M | ||
| Q4 24 | $-14.2M | $264.2M | ||
| Q3 24 | $-1.4M | $260.8M | ||
| Q2 24 | $17.1M | $236.7M | ||
| Q1 24 | $37.6M | $217.2M |
总资产ATECPLOW
| Q4 25 | $791.2M | $626.7M | ||
| Q3 25 | $787.2M | $694.9M | ||
| Q2 25 | $790.3M | $671.5M | ||
| Q1 25 | $785.5M | $621.0M | ||
| Q4 24 | $775.7M | $590.0M | ||
| Q3 24 | $745.9M | $665.6M | ||
| Q2 24 | $768.6M | $617.0M | ||
| Q1 24 | $774.6M | $577.1M |
负债/权益比ATECPLOW
| Q4 25 | 45.54× | 0.51× | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $92.8M |
| 自由现金流率自由现金流/营收 | 3.6% | 50.3% |
| 资本支出强度资本支出/营收 | 6.1% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 7.47× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $63.6M |
8季度趋势，按日历期对齐
经营现金流ATECPLOW
| Q4 25 | $20.7M | $95.9M | ||
| Q3 25 | $14.0M | $-8.5M | ||
| Q2 25 | $15.5M | $-11.4M | ||
| Q1 25 | $-5.0M | $-1.3M | ||
| Q4 24 | $10.5M | $74.4M | ||
| Q3 24 | $-5.3M | $-14.2M | ||
| Q2 24 | $-11.4M | $2.5M | ||
| Q1 24 | $-38.4M | $-21.6M |
自由现金流ATECPLOW
| Q4 25 | $7.7M | $92.8M | ||
| Q3 25 | $4.8M | $-11.4M | ||
| Q2 25 | $5.2M | $-14.3M | ||
| Q1 25 | $-15.0M | $-3.5M | ||
| Q4 24 | $8.5M | $70.2M | ||
| Q3 24 | $-21.2M | $-15.2M | ||
| Q2 24 | $-45.5M | $836.0K | ||
| Q1 24 | $-69.8M | $-22.4M |
自由现金流率ATECPLOW
| Q4 25 | 3.6% | 50.3% | ||
| Q3 25 | 2.4% | -7.1% | ||
| Q2 25 | 2.8% | -7.4% | ||
| Q1 25 | -8.9% | -3.0% | ||
| Q4 24 | 4.8% | 48.9% | ||
| Q3 24 | -14.1% | -11.8% | ||
| Q2 24 | -31.3% | 0.4% | ||
| Q1 24 | -50.4% | -23.4% |
资本支出强度ATECPLOW
| Q4 25 | 6.1% | 1.7% | ||
| Q3 25 | 4.7% | 1.8% | ||
| Q2 25 | 5.6% | 1.5% | ||
| Q1 25 | 5.9% | 1.9% | ||
| Q4 24 | 1.1% | 2.9% | ||
| Q3 24 | 10.5% | 0.8% | ||
| Q2 24 | 23.4% | 0.8% | ||
| Q1 24 | 22.6% | 0.8% |
现金转化率ATECPLOW
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | — | 0.10× | ||
| 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
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
