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Alphatec Holdings, Inc.（ATEC）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是Alphatec Holdings, Inc.的1.2倍（$252.7M vs $212.9M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -10.2%，领先20.4%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 17.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 17.0%）
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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
ATEC vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.2倍
$212.9M
营收增速更快
ATEC
高出2.9%
17.5%
净利率更高
PRGS
高出20.4%
-10.2%
自由现金流更多
PRGS
多$52.2M
$7.7M
两年增速更快
ATEC
近两年复合增速
17.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $252.7M |
| 净利润 | $-21.7M | $25.7M |
| 毛利率 | 70.2% | 81.6% |
| 营业利润率 | -4.1% | 15.2% |
| 净利率 | -10.2% | 10.2% |
| 营收同比 | 20.4% | 17.5% |
| 净利润同比 | 34.8% | 2144.6% |
| 每股收益（稀释后） | $-0.15 | $0.59 |
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ATECPRGS
| Q4 25 | $212.9M | $252.7M | ||
| Q3 25 | $196.5M | $249.8M | ||
| Q2 25 | $185.5M | $237.4M | ||
| Q1 25 | $169.2M | $238.0M | ||
| Q4 24 | $176.8M | $215.0M | ||
| Q3 24 | $150.7M | $178.7M | ||
| Q2 24 | $145.6M | $175.1M | ||
| Q1 24 | $138.5M | $184.7M |
净利润ATECPRGS
| Q4 25 | $-21.7M | $25.7M | ||
| Q3 25 | $-28.6M | $19.4M | ||
| Q2 25 | $-41.1M | $17.0M | ||
| Q1 25 | $-51.9M | $10.9M | ||
| Q4 24 | $-33.3M | $1.1M | ||
| Q3 24 | $-39.6M | $28.5M | ||
| Q2 24 | $-40.7M | $16.2M | ||
| Q1 24 | $-48.5M | $22.6M |
毛利率ATECPRGS
| Q4 25 | 70.2% | 81.6% | ||
| Q3 25 | 69.9% | 81.0% | ||
| Q2 25 | 69.6% | 80.1% | ||
| Q1 25 | 68.6% | 80.6% | ||
| Q4 24 | 68.8% | 83.0% | ||
| Q3 24 | 68.2% | 83.7% | ||
| Q2 24 | 70.5% | 81.7% | ||
| Q1 24 | 70.3% | 82.2% |
营业利润率ATECPRGS
| Q4 25 | -4.1% | 15.2% | ||
| Q3 25 | -8.1% | 17.6% | ||
| Q2 25 | -7.1% | 16.3% | ||
| Q1 25 | -26.2% | 13.6% | ||
| Q4 24 | -13.5% | 10.0% | ||
| Q3 24 | -22.4% | 22.6% | ||
| Q2 24 | -24.3% | 15.5% | ||
| Q1 24 | -31.3% | 19.0% |
净利率ATECPRGS
| Q4 25 | -10.2% | 10.2% | ||
| Q3 25 | -14.5% | 7.8% | ||
| Q2 25 | -22.2% | 7.2% | ||
| Q1 25 | -30.7% | 4.6% | ||
| Q4 24 | -18.9% | 0.5% | ||
| Q3 24 | -26.3% | 15.9% | ||
| Q2 24 | -27.9% | 9.2% | ||
| Q1 24 | -35.0% | 12.3% |
每股收益（稀释后）ATECPRGS
| Q4 25 | $-0.15 | $0.59 | ||
| Q3 25 | $-0.19 | $0.44 | ||
| Q2 25 | $-0.27 | $0.39 | ||
| Q1 25 | $-0.35 | $0.24 | ||
| Q4 24 | $-0.22 | $0.01 | ||
| Q3 24 | $-0.28 | $0.65 | ||
| Q2 24 | $-0.29 | $0.37 | ||
| Q1 24 | $-0.34 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | $565.9M | $1.4B |
| 股东权益账面价值 | $12.4M | $478.3M |
| 总资产 | $791.2M | $2.5B |
| 负债/权益比越低杠杆越低 | 45.54× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资ATECPRGS
| Q4 25 | $160.8M | $94.8M | ||
| Q3 25 | $155.7M | $99.0M | ||
| Q2 25 | $157.1M | $102.0M | ||
| Q1 25 | $153.2M | $124.2M | ||
| Q4 24 | $138.8M | $118.1M | ||
| Q3 24 | $81.0M | $232.7M | ||
| Q2 24 | $99.8M | $190.4M | ||
| Q1 24 | $144.1M | $133.2M |
总债务ATECPRGS
| Q4 25 | $565.9M | $1.4B | ||
| Q3 25 | $559.7M | $1.4B | ||
| Q2 25 | $553.9M | $1.5B | ||
| Q1 25 | $548.4M | $1.5B | ||
| Q4 24 | $576.2M | $1.5B | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECPRGS
| Q4 25 | $12.4M | $478.3M | ||
| Q3 25 | $11.5M | $477.7M | ||
| Q2 25 | $23.8M | $452.7M | ||
| Q1 25 | $-85.9M | $431.8M | ||
| Q4 24 | $-14.2M | $438.8M | ||
| Q3 24 | $-1.4M | $425.6M | ||
| Q2 24 | $17.1M | $401.7M | ||
| Q1 24 | $37.6M | $461.7M |
总资产ATECPRGS
| Q4 25 | $791.2M | $2.5B | ||
| Q3 25 | $787.2M | $2.4B | ||
| Q2 25 | $790.3M | $2.4B | ||
| Q1 25 | $785.5M | $2.5B | ||
| Q4 24 | $775.7M | $2.5B | ||
| Q3 24 | $745.9M | $1.6B | ||
| Q2 24 | $768.6M | $1.6B | ||
| Q1 24 | $774.6M | $1.5B |
负债/权益比ATECPRGS
| Q4 25 | 45.54× | 2.93× | ||
| Q3 25 | 48.64× | 2.97× | ||
| Q2 25 | 23.30× | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $59.9M |
| 自由现金流率自由现金流/营收 | 3.6% | 23.7% |
| 资本支出强度资本支出/营收 | 6.1% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $229.5M |
8季度趋势，按日历期对齐
经营现金流ATECPRGS
| Q4 25 | $20.7M | $62.8M | ||
| Q3 25 | $14.0M | $73.4M | ||
| Q2 25 | $15.5M | $30.0M | ||
| Q1 25 | $-5.0M | $68.9M | ||
| Q4 24 | $10.5M | $19.7M | ||
| Q3 24 | $-5.3M | $57.7M | ||
| Q2 24 | $-11.4M | $63.7M | ||
| Q1 24 | $-38.4M | $70.5M |
自由现金流ATECPRGS
| Q4 25 | $7.7M | $59.9M | ||
| Q3 25 | $4.8M | $72.4M | ||
| Q2 25 | $5.2M | $29.5M | ||
| Q1 25 | $-15.0M | $67.7M | ||
| Q4 24 | $8.5M | $16.8M | ||
| Q3 24 | $-21.2M | $56.6M | ||
| Q2 24 | $-45.5M | $62.7M | ||
| Q1 24 | $-69.8M | $70.2M |
自由现金流率ATECPRGS
| Q4 25 | 3.6% | 23.7% | ||
| Q3 25 | 2.4% | 29.0% | ||
| Q2 25 | 2.8% | 12.4% | ||
| Q1 25 | -8.9% | 28.4% | ||
| Q4 24 | 4.8% | 7.8% | ||
| Q3 24 | -14.1% | 31.7% | ||
| Q2 24 | -31.3% | 35.8% | ||
| Q1 24 | -50.4% | 38.0% |
资本支出强度ATECPRGS
| Q4 25 | 6.1% | 1.1% | ||
| Q3 25 | 4.7% | 0.4% | ||
| Q2 25 | 5.6% | 0.2% | ||
| Q1 25 | 5.9% | 0.5% | ||
| Q4 24 | 1.1% | 1.3% | ||
| Q3 24 | 10.5% | 0.6% | ||
| Q2 24 | 23.4% | 0.5% | ||
| Q1 24 | 22.6% | 0.2% |
现金转化率ATECPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | 3.11× |
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
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
