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Alphatec Holdings, Inc.（ATEC）与Proto Labs Inc（PRLB）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Proto Labs Inc的1.5倍（$212.9M vs $139.3M），Proto Labs Inc净利率更高（5.8% vs -10.2%，领先16.0%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 10.4%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 5.3%）
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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
ATEC vs PRLB — 直观对比
营收规模更大
ATEC
是对方的1.5倍
$139.3M
营收增速更快
ATEC
高出10.0%
10.4%
净利率更高
PRLB
高出16.0%
-10.2%
两年增速更快
ATEC
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $139.3M |
| 净利润 | $-21.7M | $8.1M |
| 毛利率 | 70.2% | 45.6% |
| 营业利润率 | -4.1% | 7.1% |
| 净利率 | -10.2% | 5.8% |
| 营收同比 | 20.4% | 10.4% |
| 净利润同比 | 34.8% | 125.4% |
| 每股收益（稀释后） | $-0.15 | $0.29 |
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ATECPRLB
| Q1 26 | — | $139.3M | ||
| Q4 25 | $212.9M | $136.5M | ||
| Q3 25 | $196.5M | $135.4M | ||
| Q2 25 | $185.5M | $135.1M | ||
| Q1 25 | $169.2M | $126.2M | ||
| Q4 24 | $176.8M | $121.8M | ||
| Q3 24 | $150.7M | $125.6M | ||
| Q2 24 | $145.6M | $125.6M |
净利润ATECPRLB
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $7.2M | ||
| Q2 25 | $-41.1M | $4.4M | ||
| Q1 25 | $-51.9M | $3.6M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $7.2M | ||
| Q2 24 | $-40.7M | $4.5M |
毛利率ATECPRLB
| Q1 26 | — | 45.6% | ||
| Q4 25 | 70.2% | 44.2% | ||
| Q3 25 | 69.9% | 45.3% | ||
| Q2 25 | 69.6% | 44.3% | ||
| Q1 25 | 68.6% | 44.1% | ||
| Q4 24 | 68.8% | 42.7% | ||
| Q3 24 | 68.2% | 45.6% | ||
| Q2 24 | 70.5% | 45.0% |
营业利润率ATECPRLB
| Q1 26 | — | 7.1% | ||
| Q4 25 | -4.1% | 5.0% | ||
| Q3 25 | -8.1% | 6.5% | ||
| Q2 25 | -7.1% | 3.7% | ||
| Q1 25 | -26.2% | 3.6% | ||
| Q4 24 | -13.5% | -1.2% | ||
| Q3 24 | -22.4% | 6.8% | ||
| Q2 24 | -24.3% | 4.8% |
净利率ATECPRLB
| Q1 26 | — | 5.8% | ||
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | 5.3% | ||
| Q2 25 | -22.2% | 3.3% | ||
| Q1 25 | -30.7% | 2.9% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | 5.7% | ||
| Q2 24 | -27.9% | 3.6% |
每股收益（稀释后）ATECPRLB
| Q1 26 | — | $0.29 | ||
| Q4 25 | $-0.15 | $0.25 | ||
| Q3 25 | $-0.19 | $0.30 | ||
| Q2 25 | $-0.27 | $0.18 | ||
| Q1 25 | $-0.35 | $0.15 | ||
| Q4 24 | $-0.22 | $-0.01 | ||
| Q3 24 | $-0.28 | $0.29 | ||
| Q2 24 | $-0.29 | $0.18 |
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 | $124.0M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $683.1M |
| 总资产 | $791.2M | $778.6M |
| 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ATECPRLB
| Q1 26 | — | $124.0M | ||
| Q4 25 | $160.8M | $128.1M | ||
| Q3 25 | $155.7M | $119.2M | ||
| Q2 25 | $157.1M | $103.2M | ||
| Q1 25 | $153.2M | $96.8M | ||
| Q4 24 | $138.8M | $103.1M | ||
| Q3 24 | $81.0M | $100.5M | ||
| Q2 24 | $99.8M | $112.9M |
总债务ATECPRLB
| Q1 26 | — | — | ||
| 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 | — |
股东权益ATECPRLB
| Q1 26 | — | $683.1M | ||
| Q4 25 | $12.4M | $673.9M | ||
| Q3 25 | $11.5M | $664.7M | ||
| Q2 25 | $23.8M | $664.7M | ||
| Q1 25 | $-85.9M | $656.8M | ||
| Q4 24 | $-14.2M | $670.2M | ||
| Q3 24 | $-1.4M | $680.0M | ||
| Q2 24 | $17.1M | $685.2M |
总资产ATECPRLB
| Q1 26 | — | $778.6M | ||
| Q4 25 | $791.2M | $763.4M | ||
| Q3 25 | $787.2M | $756.9M | ||
| Q2 25 | $790.3M | $743.3M | ||
| Q1 25 | $785.5M | $737.5M | ||
| Q4 24 | $775.7M | $743.5M | ||
| Q3 24 | $745.9M | $753.8M | ||
| Q2 24 | $768.6M | $758.2M |
负债/权益比ATECPRLB
| Q1 26 | — | — | ||
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.34× | — |
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 | $17.5M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | — |
| 自由现金流率自由现金流/营收 | 3.6% | — |
| 资本支出强度资本支出/营收 | 6.1% | — |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 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ATECPRLB
| Q1 26 | — | $17.5M | ||
| Q4 25 | $20.7M | $16.5M | ||
| Q3 25 | $14.0M | $29.1M | ||
| Q2 25 | $15.5M | $10.6M | ||
| Q1 25 | $-5.0M | $18.4M | ||
| Q4 24 | $10.5M | $17.3M | ||
| Q3 24 | $-5.3M | $24.8M | ||
| Q2 24 | $-11.4M | $14.4M |
自由现金流ATECPRLB
| Q1 26 | — | — | ||
| Q4 25 | $7.7M | $8.4M | ||
| Q3 25 | $4.8M | $25.0M | ||
| Q2 25 | $5.2M | $9.1M | ||
| Q1 25 | $-15.0M | $17.1M | ||
| Q4 24 | $8.5M | $16.5M | ||
| Q3 24 | $-21.2M | $23.2M | ||
| Q2 24 | $-45.5M | $10.2M |
自由现金流率ATECPRLB
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 6.2% | ||
| Q3 25 | 2.4% | 18.5% | ||
| Q2 25 | 2.8% | 6.7% | ||
| Q1 25 | -8.9% | 13.6% | ||
| Q4 24 | 4.8% | 13.5% | ||
| Q3 24 | -14.1% | 18.5% | ||
| Q2 24 | -31.3% | 8.2% |
资本支出强度ATECPRLB
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 5.9% | ||
| Q3 25 | 4.7% | 3.0% | ||
| Q2 25 | 5.6% | 1.1% | ||
| Q1 25 | 5.9% | 1.0% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 10.5% | 1.2% | ||
| Q2 24 | 23.4% | 3.3% |
现金转化率ATECPRLB
| Q1 26 | — | 2.16× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | — | 3.18× |
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
PRLB
| CNC Machining | $63.2M | 45% |
| Injection Molding | $51.1M | 37% |
| 3D Printing | $20.5M | 15% |
| Sheet Metal | $4.4M | 3% |
| Other Revenue | $207.0K | 0% |
