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Alphatec Holdings, Inc.（ATEC）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是Alphatec Holdings, Inc.的1.3倍（$281.9M vs $212.9M），Alphatec Holdings, Inc.净利率更高（-10.2% vs -12.8%，领先2.6%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 6.7%），印度钢铁管理局自由现金流更多（$52.5M 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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
ATEC vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.3倍
$212.9M
营收增速更快
ATEC
高出13.8%
6.7%
净利率更高
ATEC
高出2.6%
-12.8%
自由现金流更多
SAIL
多$44.8M
$7.7M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $281.9M |
| 净利润 | $-21.7M | $-36.0M |
| 毛利率 | 70.2% | 66.3% |
| 营业利润率 | -4.1% | -14.8% |
| 净利率 | -10.2% | -12.8% |
| 营收同比 | 20.4% | 6.7% |
| 净利润同比 | 34.8% | -240.9% |
| 每股收益（稀释后） | $-0.15 | $-0.06 |
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ATECSAIL
| Q4 25 | $212.9M | $281.9M | ||
| Q3 25 | $196.5M | $264.4M | ||
| Q2 25 | $185.5M | $230.5M | ||
| Q1 25 | $169.2M | $240.1M | ||
| Q4 24 | $176.8M | — | ||
| Q3 24 | $150.7M | $198.6M | ||
| Q2 24 | $145.6M | $187.7M | ||
| Q1 24 | $138.5M | — |
净利润ATECSAIL
| Q4 25 | $-21.7M | $-36.0M | ||
| Q3 25 | $-28.6M | $-10.6M | ||
| Q2 25 | $-41.1M | $-187.3M | ||
| Q1 25 | $-51.9M | $-80.1M | ||
| Q4 24 | $-33.3M | — | ||
| Q3 24 | $-39.6M | $-87.1M | ||
| Q2 24 | $-40.7M | $-89.2M | ||
| Q1 24 | $-48.5M | — |
毛利率ATECSAIL
| Q4 25 | 70.2% | 66.3% | ||
| Q3 25 | 69.9% | 67.3% | ||
| Q2 25 | 69.6% | 55.4% | ||
| Q1 25 | 68.6% | 66.5% | ||
| Q4 24 | 68.8% | — | ||
| Q3 24 | 68.2% | 62.1% | ||
| Q2 24 | 70.5% | 61.5% | ||
| Q1 24 | 70.3% | — |
营业利润率ATECSAIL
| Q4 25 | -4.1% | -14.8% | ||
| Q3 25 | -8.1% | -15.4% | ||
| Q2 25 | -7.1% | -80.3% | ||
| Q1 25 | -26.2% | -12.6% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -22.4% | -33.2% | ||
| Q2 24 | -24.3% | -36.3% | ||
| Q1 24 | -31.3% | — |
净利率ATECSAIL
| Q4 25 | -10.2% | -12.8% | ||
| Q3 25 | -14.5% | -4.0% | ||
| Q2 25 | -22.2% | -81.3% | ||
| Q1 25 | -30.7% | -33.4% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -26.3% | -43.9% | ||
| Q2 24 | -27.9% | -47.5% | ||
| Q1 24 | -35.0% | — |
每股收益（稀释后）ATECSAIL
| Q4 25 | $-0.15 | $-0.06 | ||
| Q3 25 | $-0.19 | $-0.02 | ||
| Q2 25 | $-0.27 | $-0.42 | ||
| Q1 25 | $-0.35 | $-6.50 | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $-0.28 | $-2.97 | ||
| Q2 24 | $-0.29 | $-0.77 | ||
| 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 | $298.1M |
| 总债务越低越好 | $565.9M | $0 |
| 股东权益账面价值 | $12.4M | $6.8B |
| 总资产 | $791.2M | $7.5B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ATECSAIL
| Q4 25 | $160.8M | $298.1M | ||
| Q3 25 | $155.7M | $271.1M | ||
| Q2 25 | $157.1M | $228.1M | ||
| Q1 25 | $153.2M | $121.3M | ||
| Q4 24 | $138.8M | — | ||
| Q3 24 | $81.0M | $89.7M | ||
| Q2 24 | $99.8M | $146.8M | ||
| Q1 24 | $144.1M | — |
总债务ATECSAIL
| Q4 25 | $565.9M | $0 | ||
| Q3 25 | $559.7M | $0 | ||
| Q2 25 | $553.9M | $0 | ||
| Q1 25 | $548.4M | $1.0B | ||
| Q4 24 | $576.2M | — | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECSAIL
| Q4 25 | $12.4M | $6.8B | ||
| Q3 25 | $11.5M | $6.8B | ||
| Q2 25 | $23.8M | $6.8B | ||
| Q1 25 | $-85.9M | $-5.6B | ||
| Q4 24 | $-14.2M | — | ||
| Q3 24 | $-1.4M | $-701.3M | ||
| Q2 24 | $17.1M | $-622.5M | ||
| Q1 24 | $37.6M | — |
总资产ATECSAIL
| Q4 25 | $791.2M | $7.5B | ||
| Q3 25 | $787.2M | $7.4B | ||
| Q2 25 | $790.3M | $7.4B | ||
| Q1 25 | $785.5M | $7.4B | ||
| Q4 24 | $775.7M | — | ||
| Q3 24 | $745.9M | — | ||
| Q2 24 | $768.6M | — | ||
| Q1 24 | $774.6M | — |
负债/权益比ATECSAIL
| Q4 25 | 45.54× | 0.00× | ||
| Q3 25 | 48.64× | 0.00× | ||
| Q2 25 | 23.30× | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $52.5M |
| 自由现金流率自由现金流/营收 | 3.6% | 18.6% |
| 资本支出强度资本支出/营收 | 6.1% | 0.4% |
| 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ATECSAIL
| Q4 25 | $20.7M | $53.6M | ||
| Q3 25 | $14.0M | $49.9M | ||
| Q2 25 | $15.5M | $-96.8M | ||
| Q1 25 | $-5.0M | — | ||
| Q4 24 | $10.5M | — | ||
| Q3 24 | $-5.3M | — | ||
| Q2 24 | $-11.4M | $-55.4M | ||
| Q1 24 | $-38.4M | — |
自由现金流ATECSAIL
| Q4 25 | $7.7M | $52.5M | ||
| Q3 25 | $4.8M | $49.0M | ||
| Q2 25 | $5.2M | $-99.0M | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $-21.2M | — | ||
| Q2 24 | $-45.5M | $-56.0M | ||
| Q1 24 | $-69.8M | — |
自由现金流率ATECSAIL
| Q4 25 | 3.6% | 18.6% | ||
| Q3 25 | 2.4% | 18.5% | ||
| Q2 25 | 2.8% | -43.0% | ||
| Q1 25 | -8.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | -31.3% | -29.8% | ||
| Q1 24 | -50.4% | — |
资本支出强度ATECSAIL
| Q4 25 | 6.1% | 0.4% | ||
| Q3 25 | 4.7% | 0.4% | ||
| Q2 25 | 5.6% | 1.0% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 23.4% | 0.3% | ||
| 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
业务分部营收拆解
ATEC
暂无分部数据
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
