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Alphatec Holdings, Inc.（ATEC）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.1倍（$212.9M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -10.2%，领先58.1%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -21.9%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -15.4%）
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。
ATEC vs RILY — 直观对比
营收规模更大
ATEC
是对方的1.1倍
$188.3M
营收增速更快
ATEC
高出42.3%
-21.9%
净利率更高
RILY
高出58.1%
-10.2%
两年增速更快
ATEC
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $188.3M |
| 净利润 | $-21.7M | $90.3M |
| 毛利率 | 70.2% | 79.5% |
| 营业利润率 | -4.1% | 32.3% |
| 净利率 | -10.2% | 47.9% |
| 营收同比 | 20.4% | -21.9% |
| 净利润同比 | 34.8% | 1710.8% |
| 每股收益（稀释后） | $-0.15 | $2.78 |
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ATECRILY
| Q4 25 | $212.9M | $188.3M | ||
| Q3 25 | $196.5M | $215.3M | ||
| Q2 25 | $185.5M | $188.2M | ||
| Q1 25 | $169.2M | $197.2M | ||
| Q4 24 | $176.8M | $241.0M | ||
| Q3 24 | $150.7M | $225.5M | ||
| Q2 24 | $145.6M | $256.0M | ||
| Q1 24 | $138.5M | $263.4M |
净利润ATECRILY
| Q4 25 | $-21.7M | $90.3M | ||
| Q3 25 | $-28.6M | $91.1M | ||
| Q2 25 | $-41.1M | $139.5M | ||
| Q1 25 | $-51.9M | $-10.0M | ||
| Q4 24 | $-33.3M | $-5.6M | ||
| Q3 24 | $-39.6M | $-284.4M | ||
| Q2 24 | $-40.7M | $-433.6M | ||
| Q1 24 | $-48.5M | $-49.2M |
毛利率ATECRILY
| Q4 25 | 70.2% | 79.5% | ||
| Q3 25 | 69.9% | 83.7% | ||
| Q2 25 | 69.6% | 81.3% | ||
| Q1 25 | 68.6% | 81.4% | ||
| Q4 24 | 68.8% | 79.8% | ||
| Q3 24 | 68.2% | 82.1% | ||
| Q2 24 | 70.5% | 84.5% | ||
| Q1 24 | 70.3% | 85.3% |
营业利润率ATECRILY
| Q4 25 | -4.1% | 32.3% | ||
| Q3 25 | -8.1% | 30.4% | ||
| Q2 25 | -7.1% | 5.7% | ||
| Q1 25 | -26.2% | -31.2% | ||
| Q4 24 | -13.5% | -69.2% | ||
| Q3 24 | -22.4% | -36.4% | ||
| Q2 24 | -24.3% | -90.8% | ||
| Q1 24 | -31.3% | -6.1% |
净利率ATECRILY
| Q4 25 | -10.2% | 47.9% | ||
| Q3 25 | -14.5% | 42.3% | ||
| Q2 25 | -22.2% | 74.1% | ||
| Q1 25 | -30.7% | -5.1% | ||
| Q4 24 | -18.9% | -2.3% | ||
| Q3 24 | -26.3% | -126.1% | ||
| Q2 24 | -27.9% | -169.4% | ||
| Q1 24 | -35.0% | -18.7% |
每股收益（稀释后）ATECRILY
| Q4 25 | $-0.15 | $2.78 | ||
| Q3 25 | $-0.19 | $2.91 | ||
| Q2 25 | $-0.27 | $4.50 | ||
| Q1 25 | $-0.35 | $-0.39 | ||
| Q4 24 | $-0.22 | $-0.01 | ||
| Q3 24 | $-0.28 | $-9.39 | ||
| Q2 24 | $-0.29 | $-14.35 | ||
| Q1 24 | $-0.34 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $565.9M | $1.4B |
| 股东权益账面价值 | $12.4M | $-171.5M |
| 总资产 | $791.2M | $1.7B |
| 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ATECRILY
| Q4 25 | $160.8M | $226.6M | ||
| Q3 25 | $155.7M | $184.2M | ||
| Q2 25 | $157.1M | $267.4M | ||
| Q1 25 | $153.2M | $138.3M | ||
| Q4 24 | $138.8M | $146.9M | ||
| Q3 24 | $81.0M | $159.2M | ||
| Q2 24 | $99.8M | $236.9M | ||
| Q1 24 | $144.1M | $190.7M |
总债务ATECRILY
| Q4 25 | $565.9M | $1.4B | ||
| Q3 25 | $559.7M | $1.3B | ||
| Q2 25 | $553.9M | $1.3B | ||
| Q1 25 | $548.4M | $1.4B | ||
| Q4 24 | $576.2M | $1.5B | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECRILY
| Q4 25 | $12.4M | $-171.5M | ||
| Q3 25 | $11.5M | $-260.5M | ||
| Q2 25 | $23.8M | $-351.7M | ||
| Q1 25 | $-85.9M | $-496.8M | ||
| Q4 24 | $-14.2M | $-488.2M | ||
| Q3 24 | $-1.4M | $-497.6M | ||
| Q2 24 | $17.1M | $-218.3M | ||
| Q1 24 | $37.6M | $228.4M |
总资产ATECRILY
| Q4 25 | $791.2M | $1.7B | ||
| Q3 25 | $787.2M | $1.7B | ||
| Q2 25 | $790.3M | $1.5B | ||
| Q1 25 | $785.5M | $1.5B | ||
| Q4 24 | $775.7M | $1.8B | ||
| Q3 24 | $745.9M | $2.2B | ||
| Q2 24 | $768.6M | $3.2B | ||
| Q1 24 | $774.6M | $5.0B |
负债/权益比ATECRILY
| Q4 25 | 45.54× | — | ||
| Q3 25 | 48.64× | — | ||
| Q2 25 | 23.30× | — | ||
| Q1 25 | — | — | ||
| 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 | $26.2M |
| 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 | — | 0.29× |
| 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ATECRILY
| Q4 25 | $20.7M | $26.2M | ||
| Q3 25 | $14.0M | $-60.6M | ||
| Q2 25 | $15.5M | $-25.6M | ||
| Q1 25 | $-5.0M | $184.0K | ||
| Q4 24 | $10.5M | $-2.7M | ||
| Q3 24 | $-5.3M | $19.5M | ||
| Q2 24 | $-11.4M | $111.5M | ||
| Q1 24 | $-38.4M | $135.4M |
自由现金流ATECRILY
| Q4 25 | $7.7M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | — | ||
| Q2 24 | $-45.5M | — | ||
| Q1 24 | $-69.8M | — |
自由现金流率ATECRILY
| Q4 25 | 3.6% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | -31.3% | — | ||
| Q1 24 | -50.4% | — |
资本支出强度ATECRILY
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 22.6% | — |
现金转化率ATECRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
