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Alphatec Holdings, Inc.（ATEC）与Ribbon Communications Inc.（RBBN）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Ribbon Communications Inc.的1.3倍（$212.9M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -10.2%，领先65.0%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -10.3%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
ATEC vs RBBN — 直观对比
营收规模更大
ATEC
是对方的1.3倍
$162.6M
营收增速更快
ATEC
高出30.7%
-10.3%
净利率更高
RBBN
高出65.0%
-10.2%
两年增速更快
ATEC
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $162.6M |
| 净利润 | $-21.7M | $89.1M |
| 毛利率 | 70.2% | 42.9% |
| 营业利润率 | -4.1% | 37.6% |
| 净利率 | -10.2% | 54.8% |
| 营收同比 | 20.4% | -10.3% |
| 净利润同比 | 34.8% | — |
| 每股收益（稀释后） | $-0.15 | $0.50 |
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ATECRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $212.9M | $227.3M | ||
| Q3 25 | $196.5M | $215.4M | ||
| Q2 25 | $185.5M | $220.6M | ||
| Q1 25 | $169.2M | $181.3M | ||
| Q4 24 | $176.8M | $251.4M | ||
| Q3 24 | $150.7M | $210.2M | ||
| Q2 24 | $145.6M | $192.6M |
净利润ATECRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-28.6M | $-12.1M | ||
| Q2 25 | $-41.1M | $-11.1M | ||
| Q1 25 | $-51.9M | $-26.2M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $-13.4M | ||
| Q2 24 | $-40.7M | $-16.8M |
毛利率ATECRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 70.2% | 53.3% | ||
| Q3 25 | 69.9% | 50.1% | ||
| Q2 25 | 69.6% | 49.6% | ||
| Q1 25 | 68.6% | 45.4% | ||
| Q4 24 | 68.8% | 55.7% | ||
| Q3 24 | 68.2% | 52.1% | ||
| Q2 24 | 70.5% | 50.8% |
营业利润率ATECRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -4.1% | 4.1% | ||
| Q3 25 | -8.1% | 1.3% | ||
| Q2 25 | -7.1% | 1.9% | ||
| Q1 25 | -26.2% | -10.8% | ||
| Q4 24 | -13.5% | 13.2% | ||
| Q3 24 | -22.4% | -0.4% | ||
| Q2 24 | -24.3% | -1.0% |
净利率ATECRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -10.2% | — | ||
| Q3 25 | -14.5% | -5.6% | ||
| Q2 25 | -22.2% | -5.0% | ||
| Q1 25 | -30.7% | -14.5% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | -6.4% | ||
| Q2 24 | -27.9% | -8.7% |
每股收益（稀释后）ATECRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.15 | $0.50 | ||
| Q3 25 | $-0.19 | $-0.07 | ||
| Q2 25 | $-0.27 | $-0.06 | ||
| Q1 25 | $-0.35 | $-0.15 | ||
| Q4 24 | $-0.22 | $0.05 | ||
| Q3 24 | $-0.28 | $-0.08 | ||
| Q2 24 | $-0.29 | $-0.10 |
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 | $67.6M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $419.1M |
| 总资产 | $791.2M | — |
| 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ATECRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $160.8M | $96.4M | ||
| Q3 25 | $155.7M | $74.8M | ||
| Q2 25 | $157.1M | $60.5M | ||
| Q1 25 | $153.2M | $71.2M | ||
| Q4 24 | $138.8M | $87.8M | ||
| Q3 24 | $81.0M | $37.2M | ||
| Q2 24 | $99.8M | $64.6M |
总债务ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | $565.9M | $342.1M | ||
| Q3 25 | $559.7M | $344.3M | ||
| Q2 25 | $553.9M | $346.5M | ||
| Q1 25 | $548.4M | $347.4M | ||
| Q4 24 | $576.2M | $348.3M | ||
| Q3 24 | $527.7M | $349.1M | ||
| Q2 24 | $519.2M | $350.0M |
股东权益ATECRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $12.4M | $449.0M | ||
| Q3 25 | $11.5M | $360.1M | ||
| Q2 25 | $23.8M | $370.4M | ||
| Q1 25 | $-85.9M | $381.8M | ||
| Q4 24 | $-14.2M | $404.6M | ||
| Q3 24 | $-1.4M | $395.5M | ||
| Q2 24 | $17.1M | $405.0M |
总资产ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | $791.2M | $1.2B | ||
| Q3 25 | $787.2M | $1.1B | ||
| Q2 25 | $790.3M | $1.1B | ||
| Q1 25 | $785.5M | $1.1B | ||
| Q4 24 | $775.7M | $1.2B | ||
| Q3 24 | $745.9M | $1.1B | ||
| Q2 24 | $768.6M | $1.1B |
负债/权益比ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | 45.54× | 0.76× | ||
| Q3 25 | 48.64× | 0.96× | ||
| Q2 25 | 23.30× | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | 30.34× | 0.86× |
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 | — |
| 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 | — | — |
| 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ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $29.2M | ||
| Q3 25 | $14.0M | $26.5M | ||
| Q2 25 | $15.5M | $-795.0K | ||
| Q1 25 | $-5.0M | $-3.5M | ||
| Q4 24 | $10.5M | $61.8M | ||
| Q3 24 | $-5.3M | $-14.8M | ||
| Q2 24 | $-11.4M | $-9.8M |
自由现金流ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | $7.7M | $27.3M | ||
| Q3 25 | $4.8M | $21.0M | ||
| Q2 25 | $5.2M | $-6.5M | ||
| Q1 25 | $-15.0M | $-15.7M | ||
| Q4 24 | $8.5M | $53.8M | ||
| Q3 24 | $-21.2M | $-23.7M | ||
| Q2 24 | $-45.5M | $-12.9M |
自由现金流率ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 12.0% | ||
| Q3 25 | 2.4% | 9.7% | ||
| Q2 25 | 2.8% | -2.9% | ||
| Q1 25 | -8.9% | -8.7% | ||
| Q4 24 | 4.8% | 21.4% | ||
| Q3 24 | -14.1% | -11.3% | ||
| Q2 24 | -31.3% | -6.7% |
资本支出强度ATECRBBN
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 0.9% | ||
| Q3 25 | 4.7% | 2.6% | ||
| Q2 25 | 5.6% | 2.6% | ||
| Q1 25 | 5.9% | 6.7% | ||
| Q4 24 | 1.1% | 3.2% | ||
| Q3 24 | 10.5% | 4.2% | ||
| Q2 24 | 23.4% | 1.6% |
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
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
