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Alphatec Holdings, Inc.（ATEC）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是Alphatec Holdings, Inc.的1.6倍（$331.3M vs $212.9M），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.净利率更高（0.0% vs -10.2%，领先10.2%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 2.2%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.自由现金流更多（$8.7M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
ATEC vs SPWH — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $331.3M |
| 净利润 | $-21.7M | $8.0K |
| 毛利率 | 70.2% | 32.8% |
| 营业利润率 | -4.1% | 1.3% |
| 净利率 | -10.2% | 0.0% |
| 营收同比 | 20.4% | 2.2% |
| 净利润同比 | 34.8% | -97.8% |
| 每股收益（稀释后） | $-0.15 | $0.00 |
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
| Q4 25 | $212.9M | $331.3M | ||
| Q3 25 | $196.5M | $293.9M | ||
| Q2 25 | $185.5M | $249.1M | ||
| Q1 25 | $169.2M | $340.4M | ||
| Q4 24 | $176.8M | $324.3M | ||
| Q3 24 | $150.7M | $288.7M | ||
| Q2 24 | $145.6M | $244.2M | ||
| Q1 24 | $138.5M | $370.4M |
| Q4 25 | $-21.7M | $8.0K | ||
| Q3 25 | $-28.6M | $-7.1M | ||
| Q2 25 | $-41.1M | $-21.3M | ||
| Q1 25 | $-51.9M | $-8.7M | ||
| Q4 24 | $-33.3M | $-364.0K | ||
| Q3 24 | $-39.6M | $-5.9M | ||
| Q2 24 | $-40.7M | $-18.1M | ||
| Q1 24 | $-48.5M | $-8.7M |
| Q4 25 | 70.2% | 32.8% | ||
| Q3 25 | 69.9% | 32.0% | ||
| Q2 25 | 69.6% | 30.4% | ||
| Q1 25 | 68.6% | 30.4% | ||
| Q4 24 | 68.8% | 31.8% | ||
| Q3 24 | 68.2% | 31.2% | ||
| Q2 24 | 70.5% | 30.2% | ||
| Q1 24 | 70.3% | 26.8% |
| Q4 25 | -4.1% | 1.3% | ||
| Q3 25 | -8.1% | -1.1% | ||
| Q2 25 | -7.1% | -7.9% | ||
| Q1 25 | -26.2% | 1.1% | ||
| Q4 24 | -13.5% | 1.0% | ||
| Q3 24 | -22.4% | -1.5% | ||
| Q2 24 | -24.3% | -8.4% | ||
| Q1 24 | -31.3% | -2.1% |
| Q4 25 | -10.2% | 0.0% | ||
| Q3 25 | -14.5% | -2.4% | ||
| Q2 25 | -22.2% | -8.5% | ||
| Q1 25 | -30.7% | -2.6% | ||
| Q4 24 | -18.9% | -0.1% | ||
| Q3 24 | -26.3% | -2.0% | ||
| Q2 24 | -27.9% | -7.4% | ||
| Q1 24 | -35.0% | -2.4% |
| Q4 25 | $-0.15 | $0.00 | ||
| Q3 25 | $-0.19 | $-0.18 | ||
| Q2 25 | $-0.27 | $-0.56 | ||
| Q1 25 | $-0.35 | $-0.22 | ||
| Q4 24 | $-0.22 | $-0.01 | ||
| Q3 24 | $-0.28 | $-0.16 | ||
| Q2 24 | $-0.29 | $-0.48 | ||
| Q1 24 | $-0.34 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $565.9M | $44.0M |
| 股东权益账面价值 | $12.4M | $209.5M |
| 总资产 | $791.2M | $913.9M |
| 负债/权益比越低杠杆越低 | 45.54× | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | $160.8M | $2.2M | ||
| Q3 25 | $155.7M | $1.8M | ||
| Q2 25 | $157.1M | $3.6M | ||
| Q1 25 | $153.2M | $2.8M | ||
| Q4 24 | $138.8M | $2.7M | ||
| Q3 24 | $81.0M | $2.6M | ||
| Q2 24 | $99.8M | $2.2M | ||
| Q1 24 | $144.1M | $3.1M |
| Q4 25 | $565.9M | $44.0M | ||
| Q3 25 | $559.7M | $43.9M | ||
| Q2 25 | $553.9M | $24.1M | ||
| Q1 25 | $548.4M | $24.1M | ||
| Q4 24 | $576.2M | $24.0M | ||
| Q3 24 | $527.7M | $24.0M | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
| Q4 25 | $12.4M | $209.5M | ||
| Q3 25 | $11.5M | $208.9M | ||
| Q2 25 | $23.8M | $215.1M | ||
| Q1 25 | $-85.9M | $235.7M | ||
| Q4 24 | $-14.2M | $243.6M | ||
| Q3 24 | $-1.4M | $243.0M | ||
| Q2 24 | $17.1M | $247.5M | ||
| Q1 24 | $37.6M | $264.6M |
| Q4 25 | $791.2M | $913.9M | ||
| Q3 25 | $787.2M | $948.9M | ||
| Q2 25 | $790.3M | $929.7M | ||
| Q1 25 | $785.5M | $852.1M | ||
| Q4 24 | $775.7M | $967.7M | ||
| Q3 24 | $745.9M | $901.9M | ||
| Q2 24 | $768.6M | $930.4M | ||
| Q1 24 | $774.6M | $886.2M |
| Q4 25 | 45.54× | 0.21× | ||
| Q3 25 | 48.64× | 0.21× | ||
| Q2 25 | 23.30× | 0.11× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $8.7M |
| 自由现金流率自由现金流/营收 | 3.6% | 2.6% |
| 资本支出强度资本支出/营收 | 6.1% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $20.7M | $16.3M | ||
| Q3 25 | $14.0M | $-26.6M | ||
| Q2 25 | $15.5M | $-60.2M | ||
| Q1 25 | $-5.0M | $52.8M | ||
| Q4 24 | $10.5M | $-2.5M | ||
| Q3 24 | $-5.3M | $18.5M | ||
| Q2 24 | $-11.4M | $-34.6M | ||
| Q1 24 | $-38.4M | $68.9M |
| Q4 25 | $7.7M | $8.7M | ||
| Q3 25 | $4.8M | $-33.9M | ||
| Q2 25 | $5.2M | $-64.0M | ||
| Q1 25 | $-15.0M | $49.6M | ||
| Q4 24 | $8.5M | $-6.2M | ||
| Q3 24 | $-21.2M | $14.1M | ||
| Q2 24 | $-45.5M | $-38.0M | ||
| Q1 24 | $-69.8M | $60.2M |
| Q4 25 | 3.6% | 2.6% | ||
| Q3 25 | 2.4% | -11.5% | ||
| Q2 25 | 2.8% | -25.7% | ||
| Q1 25 | -8.9% | 14.6% | ||
| Q4 24 | 4.8% | -1.9% | ||
| Q3 24 | -14.1% | 4.9% | ||
| Q2 24 | -31.3% | -15.5% | ||
| Q1 24 | -50.4% | 16.2% |
| Q4 25 | 6.1% | 2.3% | ||
| Q3 25 | 4.7% | 2.5% | ||
| Q2 25 | 5.6% | 1.5% | ||
| Q1 25 | 5.9% | 1.0% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 10.5% | 1.5% | ||
| Q2 24 | 23.4% | 1.4% | ||
| Q1 24 | 22.6% | 2.4% |
| Q4 25 | — | 2038.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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
