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Alphatec Holdings, Inc.（ATEC）与RAYONIER ADVANCED MATERIALS INC.（RYAM）财务数据对比。点击上方公司名可切换其他公司
RAYONIER ADVANCED MATERIALS INC.的季度营收约是Alphatec Holdings, Inc.的2.0倍（$417.5M vs $212.9M），RAYONIER ADVANCED MATERIALS INC.净利率更高（-5.0% vs -10.2%，领先5.2%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -1.2%），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 3.8%）
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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
ATEC vs RYAM — 直观对比
营收规模更大
RYAM
是对方的2.0倍
$212.9M
营收增速更快
ATEC
高出21.6%
-1.2%
净利率更高
RYAM
高出5.2%
-10.2%
两年增速更快
ATEC
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $417.5M |
| 净利润 | $-21.7M | $-21.1M |
| 毛利率 | 70.2% | 8.9% |
| 营业利润率 | -4.1% | 2.6% |
| 净利率 | -10.2% | -5.0% |
| 营收同比 | 20.4% | -1.2% |
| 净利润同比 | 34.8% | -31.9% |
| 每股收益（稀释后） | $-0.15 | $-0.33 |
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ATECRYAM
| Q4 25 | $212.9M | $417.5M | ||
| Q3 25 | $196.5M | $352.8M | ||
| Q2 25 | $185.5M | $340.0M | ||
| Q1 25 | $169.2M | $356.0M | ||
| Q4 24 | $176.8M | $422.5M | ||
| Q3 24 | $150.7M | $401.1M | ||
| Q2 24 | $145.6M | $419.0M | ||
| Q1 24 | $138.5M | $387.7M |
净利润ATECRYAM
| Q4 25 | $-21.7M | $-21.1M | ||
| Q3 25 | $-28.6M | $-4.5M | ||
| Q2 25 | $-41.1M | $-363.2M | ||
| Q1 25 | $-51.9M | $-32.0M | ||
| Q4 24 | $-33.3M | $-16.0M | ||
| Q3 24 | $-39.6M | $-32.6M | ||
| Q2 24 | $-40.7M | $11.4M | ||
| Q1 24 | $-48.5M | $-1.6M |
毛利率ATECRYAM
| Q4 25 | 70.2% | 8.9% | ||
| Q3 25 | 69.9% | 9.7% | ||
| Q2 25 | 69.6% | 7.0% | ||
| Q1 25 | 68.6% | 6.8% | ||
| Q4 24 | 68.8% | 8.7% | ||
| Q3 24 | 68.2% | 10.9% | ||
| Q2 24 | 70.5% | 11.5% | ||
| Q1 24 | 70.3% | 9.5% |
营业利润率ATECRYAM
| Q4 25 | -4.1% | 2.6% | ||
| Q3 25 | -8.1% | 2.8% | ||
| Q2 25 | -7.1% | -0.4% | ||
| Q1 25 | -26.2% | -4.2% | ||
| Q4 24 | -13.5% | 2.6% | ||
| Q3 24 | -22.4% | -4.2% | ||
| Q2 24 | -24.3% | 6.7% | ||
| Q1 24 | -31.3% | 4.4% |
净利率ATECRYAM
| Q4 25 | -10.2% | -5.0% | ||
| Q3 25 | -14.5% | -1.3% | ||
| Q2 25 | -22.2% | -106.8% | ||
| Q1 25 | -30.7% | -9.0% | ||
| Q4 24 | -18.9% | -3.8% | ||
| Q3 24 | -26.3% | -8.1% | ||
| Q2 24 | -27.9% | 2.7% | ||
| Q1 24 | -35.0% | -0.4% |
每股收益（稀释后）ATECRYAM
| Q4 25 | $-0.15 | $-0.33 | ||
| Q3 25 | $-0.19 | $-0.07 | ||
| Q2 25 | $-0.27 | $-5.44 | ||
| Q1 25 | $-0.35 | $-0.49 | ||
| Q4 24 | $-0.22 | $-0.25 | ||
| Q3 24 | $-0.28 | $-0.49 | ||
| Q2 24 | $-0.29 | $0.17 | ||
| Q1 24 | $-0.34 | $-0.02 |
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 | $75.4M |
| 总债务越低越好 | $565.9M | $758.1M |
| 股东权益账面价值 | $12.4M | $316.6M |
| 总资产 | $791.2M | $1.8B |
| 负债/权益比越低杠杆越低 | 45.54× | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资ATECRYAM
| Q4 25 | $160.8M | $75.4M | ||
| Q3 25 | $155.7M | $77.0M | ||
| Q2 25 | $157.1M | $70.7M | ||
| Q1 25 | $153.2M | $129.9M | ||
| Q4 24 | $138.8M | $125.2M | ||
| Q3 24 | $81.0M | $136.1M | ||
| Q2 24 | $99.8M | $114.1M | ||
| Q1 24 | $144.1M | $54.6M |
总债务ATECRYAM
| Q4 25 | $565.9M | $758.1M | ||
| Q3 25 | $559.7M | $763.5M | ||
| Q2 25 | $553.9M | $720.4M | ||
| Q1 25 | $548.4M | $707.0M | ||
| Q4 24 | $576.2M | $706.4M | ||
| Q3 24 | $527.7M | $747.7M | ||
| Q2 24 | $519.2M | $752.8M | ||
| Q1 24 | $514.4M | $755.6M |
股东权益ATECRYAM
| Q4 25 | $12.4M | $316.6M | ||
| Q3 25 | $11.5M | $338.2M | ||
| Q2 25 | $23.8M | $342.3M | ||
| Q1 25 | $-85.9M | $688.1M | ||
| Q4 24 | $-14.2M | $713.9M | ||
| Q3 24 | $-1.4M | $732.7M | ||
| Q2 24 | $17.1M | $755.1M | ||
| Q1 24 | $37.6M | $741.8M |
总资产ATECRYAM
| Q4 25 | $791.2M | $1.8B | ||
| Q3 25 | $787.2M | $1.8B | ||
| Q2 25 | $790.3M | $1.8B | ||
| Q1 25 | $785.5M | $2.1B | ||
| Q4 24 | $775.7M | $2.1B | ||
| Q3 24 | $745.9M | $2.2B | ||
| Q2 24 | $768.6M | $2.2B | ||
| Q1 24 | $774.6M | $2.1B |
负债/权益比ATECRYAM
| Q4 25 | 45.54× | 2.39× | ||
| Q3 25 | 48.64× | 2.26× | ||
| Q2 25 | 23.30× | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | 30.34× | 1.00× | ||
| Q1 24 | 13.70× | 1.02× |
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 | $32.3M |
| 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ATECRYAM
| Q4 25 | $20.7M | $32.3M | ||
| Q3 25 | $14.0M | $-17.8M | ||
| Q2 25 | $15.5M | $-30.2M | ||
| Q1 25 | $-5.0M | $39.6M | ||
| Q4 24 | $10.5M | $54.9M | ||
| Q3 24 | $-5.3M | $49.8M | ||
| Q2 24 | $-11.4M | $87.6M | ||
| Q1 24 | $-38.4M | $11.3M |
自由现金流ATECRYAM
| 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ATECRYAM
| 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ATECRYAM
| 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ATECRYAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.69× | ||
| 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
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
