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Alphatec Holdings, Inc.（ATEC）与Resolute Holdings Management, Inc.（RHLD）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Resolute Holdings Management, Inc.的1.8倍（$212.9M vs $117.7M），Resolute Holdings Management, Inc.净利率更高（-1.5% vs -10.2%，领先8.7%），Resolute Holdings Management, Inc.自由现金流更多（$189.2M vs $7.7M）
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。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
ATEC vs RHLD — 直观对比
营收规模更大
ATEC
是对方的1.8倍
$117.7M
净利率更高
RHLD
高出8.7%
-10.2%
自由现金流更多
RHLD
多$181.5M
$7.7M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $117.7M |
| 净利润 | $-21.7M | $-1.7M |
| 毛利率 | 70.2% | 55.7% |
| 营业利润率 | -4.1% | 30.2% |
| 净利率 | -10.2% | -1.5% |
| 营收同比 | 20.4% | — |
| 净利润同比 | 34.8% | — |
| 每股收益（稀释后） | $-0.15 | $-0.20 |
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ATECRHLD
| Q4 25 | $212.9M | $117.7M | ||
| Q3 25 | $196.5M | $120.9M | ||
| Q2 25 | $185.5M | $119.6M | ||
| Q1 25 | $169.2M | $103.9M | ||
| Q4 24 | $176.8M | — | ||
| Q3 24 | $150.7M | — | ||
| Q2 24 | $145.6M | — | ||
| Q1 24 | $138.5M | — |
净利润ATECRHLD
| Q4 25 | $-21.7M | $-1.7M | ||
| Q3 25 | $-28.6M | $-231.0K | ||
| Q2 25 | $-41.1M | $-611.0K | ||
| Q1 25 | $-51.9M | $-3.4M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | — | ||
| Q2 24 | $-40.7M | — | ||
| Q1 24 | $-48.5M | — |
毛利率ATECRHLD
| Q4 25 | 70.2% | 55.7% | ||
| Q3 25 | 69.9% | 59.0% | ||
| Q2 25 | 69.6% | 57.5% | ||
| Q1 25 | 68.6% | 52.5% | ||
| Q4 24 | 68.8% | — | ||
| Q3 24 | 68.2% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.3% | — |
营业利润率ATECRHLD
| Q4 25 | -4.1% | 30.2% | ||
| Q3 25 | -8.1% | 34.3% | ||
| Q2 25 | -7.1% | 34.0% | ||
| Q1 25 | -26.2% | 24.7% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -22.4% | — | ||
| Q2 24 | -24.3% | — | ||
| Q1 24 | -31.3% | — |
净利率ATECRHLD
| Q4 25 | -10.2% | -1.5% | ||
| Q3 25 | -14.5% | -0.2% | ||
| Q2 25 | -22.2% | -0.5% | ||
| Q1 25 | -30.7% | -3.2% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | — | ||
| Q2 24 | -27.9% | — | ||
| Q1 24 | -35.0% | — |
每股收益（稀释后）ATECRHLD
| Q4 25 | $-0.15 | $-0.20 | ||
| Q3 25 | $-0.19 | $-0.03 | ||
| Q2 25 | $-0.27 | $-0.07 | ||
| Q1 25 | $-0.35 | $-0.39 | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.34 | — |
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 | $205.5M |
| 总债务越低越好 | $565.9M | $169.8M |
| 股东权益账面价值 | $12.4M | $6.5M |
| 总资产 | $791.2M | $333.4M |
| 负债/权益比越低杠杆越低 | 45.54× | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资ATECRHLD
| Q4 25 | $160.8M | $205.5M | ||
| Q3 25 | $155.7M | $148.0M | ||
| Q2 25 | $157.1M | $99.9M | ||
| Q1 25 | $153.2M | $71.0M | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $99.8M | — | ||
| Q1 24 | $144.1M | — |
总债务ATECRHLD
| Q4 25 | $565.9M | $169.8M | ||
| Q3 25 | $559.7M | $173.4M | ||
| Q2 25 | $553.9M | $177.1M | ||
| Q1 25 | $548.4M | $180.7M | ||
| Q4 24 | $576.2M | — | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECRHLD
| Q4 25 | $12.4M | $6.5M | ||
| Q3 25 | $11.5M | $10.8M | ||
| Q2 25 | $23.8M | $9.6M | ||
| Q1 25 | $-85.9M | $8.9M | ||
| Q4 24 | $-14.2M | — | ||
| Q3 24 | $-1.4M | — | ||
| Q2 24 | $17.1M | — | ||
| Q1 24 | $37.6M | — |
总资产ATECRHLD
| Q4 25 | $791.2M | $333.4M | ||
| Q3 25 | $787.2M | $293.2M | ||
| Q2 25 | $790.3M | $253.3M | ||
| Q1 25 | $785.5M | $214.3M | ||
| Q4 24 | $775.7M | — | ||
| Q3 24 | $745.9M | — | ||
| Q2 24 | $768.6M | — | ||
| Q1 24 | $774.6M | — |
负债/权益比ATECRHLD
| Q4 25 | 45.54× | 26.03× | ||
| Q3 25 | 48.64× | 16.01× | ||
| Q2 25 | 23.30× | 18.42× | ||
| Q1 25 | — | 20.38× | ||
| Q4 24 | — | — | ||
| 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 | $196.1M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $189.2M |
| 自由现金流率自由现金流/营收 | 3.6% | 160.8% |
| 资本支出强度资本支出/营收 | 6.1% | 5.8% |
| 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 | $313.2M |
8季度趋势，按日历期对齐
经营现金流ATECRHLD
| Q4 25 | $20.7M | $196.1M | ||
| Q3 25 | $14.0M | $59.6M | ||
| Q2 25 | $15.5M | $48.9M | ||
| Q1 25 | $-5.0M | $18.4M | ||
| Q4 24 | $10.5M | — | ||
| Q3 24 | $-5.3M | — | ||
| Q2 24 | $-11.4M | — | ||
| Q1 24 | $-38.4M | — |
自由现金流ATECRHLD
| Q4 25 | $7.7M | $189.2M | ||
| Q3 25 | $4.8M | $58.6M | ||
| Q2 25 | $5.2M | $47.5M | ||
| Q1 25 | $-15.0M | $17.8M | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | — | ||
| Q2 24 | $-45.5M | — | ||
| Q1 24 | $-69.8M | — |
自由现金流率ATECRHLD
| Q4 25 | 3.6% | 160.8% | ||
| Q3 25 | 2.4% | 48.5% | ||
| Q2 25 | 2.8% | 39.7% | ||
| Q1 25 | -8.9% | 17.1% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | -31.3% | — | ||
| Q1 24 | -50.4% | — |
资本支出强度ATECRHLD
| Q4 25 | 6.1% | 5.8% | ||
| Q3 25 | 4.7% | 0.8% | ||
| Q2 25 | 5.6% | 1.2% | ||
| Q1 25 | 5.9% | 0.6% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 22.6% | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
