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Alphatec Holdings, Inc.（ATEC）与STRATTEC SECURITY CORP（STRT）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STRATTEC SECURITY CORP的1.5倍（$212.9M vs $137.5M），STRATTEC SECURITY CORP净利率更高（3.6% vs -10.2%，领先13.8%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 5.9%），STRATTEC SECURITY CORP自由现金流更多（$11.3M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 7.7%）
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。
STRATTEC安全公司是专业的汽车安全访问解决方案供应商，主营汽车机械与电子锁具、钥匙、无钥匙进入系统等产品，主要服务全球汽车整车厂商、重型车辆制造商及汽车后市场客户，业务覆盖北美、欧洲、亚太等地区。
ATEC vs STRT — 直观对比
营收规模更大
ATEC
是对方的1.5倍
$137.5M
营收增速更快
ATEC
高出14.6%
5.9%
净利率更高
STRT
高出13.8%
-10.2%
自由现金流更多
STRT
多$3.5M
$7.7M
两年增速更快
ATEC
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $137.5M |
| 净利润 | $-21.7M | $4.9M |
| 毛利率 | 70.2% | 16.5% |
| 营业利润率 | -4.1% | 3.5% |
| 净利率 | -10.2% | 3.6% |
| 营收同比 | 20.4% | 5.9% |
| 净利润同比 | 34.8% | 275.1% |
| 每股收益（稀释后） | $-0.15 | $1.20 |
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ATECSTRT
| Q4 25 | $212.9M | $137.5M | ||
| Q3 25 | $196.5M | $152.4M | ||
| Q2 25 | $185.5M | $152.0M | ||
| Q1 25 | $169.2M | $144.1M | ||
| Q4 24 | $176.8M | $129.9M | ||
| Q3 24 | $150.7M | $139.1M | ||
| Q2 24 | $145.6M | — | ||
| Q1 24 | $138.5M | $140.8M |
净利润ATECSTRT
| Q4 25 | $-21.7M | $4.9M | ||
| Q3 25 | $-28.6M | $8.5M | ||
| Q2 25 | $-41.1M | $8.3M | ||
| Q1 25 | $-51.9M | $5.4M | ||
| Q4 24 | $-33.3M | $1.3M | ||
| Q3 24 | $-39.6M | $3.7M | ||
| Q2 24 | $-40.7M | — | ||
| Q1 24 | $-48.5M | $1.5M |
毛利率ATECSTRT
| Q4 25 | 70.2% | 16.5% | ||
| Q3 25 | 69.9% | 17.3% | ||
| Q2 25 | 69.6% | 16.7% | ||
| Q1 25 | 68.6% | 16.0% | ||
| Q4 24 | 68.8% | 13.2% | ||
| Q3 24 | 68.2% | 13.6% | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.3% | 10.4% |
营业利润率ATECSTRT
| Q4 25 | -4.1% | 3.5% | ||
| Q3 25 | -8.1% | 6.9% | ||
| Q2 25 | -7.1% | 5.6% | ||
| Q1 25 | -26.2% | 4.9% | ||
| Q4 24 | -13.5% | 1.6% | ||
| Q3 24 | -22.4% | 3.6% | ||
| Q2 24 | -24.3% | — | ||
| Q1 24 | -31.3% | 1.4% |
净利率ATECSTRT
| Q4 25 | -10.2% | 3.6% | ||
| Q3 25 | -14.5% | 5.6% | ||
| Q2 25 | -22.2% | 5.4% | ||
| Q1 25 | -30.7% | 3.7% | ||
| Q4 24 | -18.9% | 1.0% | ||
| Q3 24 | -26.3% | 2.7% | ||
| Q2 24 | -27.9% | — | ||
| Q1 24 | -35.0% | 1.1% |
每股收益（稀释后）ATECSTRT
| Q4 25 | $-0.15 | $1.20 | ||
| Q3 25 | $-0.19 | $2.07 | ||
| Q2 25 | $-0.27 | $2.02 | ||
| Q1 25 | $-0.35 | $1.32 | ||
| Q4 24 | $-0.22 | $0.32 | ||
| Q3 24 | $-0.28 | $0.92 | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.34 | $0.37 |
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 | $99.0M |
| 总债务越低越好 | $565.9M | — |
| 股东权益账面价值 | $12.4M | $236.8M |
| 总资产 | $791.2M | $392.2M |
| 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ATECSTRT
| Q4 25 | $160.8M | $99.0M | ||
| Q3 25 | $155.7M | $90.5M | ||
| Q2 25 | $157.1M | $84.6M | ||
| Q1 25 | $153.2M | $62.1M | ||
| Q4 24 | $138.8M | $42.6M | ||
| Q3 24 | $81.0M | $34.4M | ||
| Q2 24 | $99.8M | — | ||
| Q1 24 | $144.1M | $9.6M |
总债务ATECSTRT
| Q4 25 | $565.9M | — | ||
| Q3 25 | $559.7M | — | ||
| Q2 25 | $553.9M | — | ||
| Q1 25 | $548.4M | — | ||
| Q4 24 | $576.2M | — | ||
| Q3 24 | $527.7M | — | ||
| Q2 24 | $519.2M | — | ||
| Q1 24 | $514.4M | — |
股东权益ATECSTRT
| Q4 25 | $12.4M | $236.8M | ||
| Q3 25 | $11.5M | $230.5M | ||
| Q2 25 | $23.8M | $221.6M | ||
| Q1 25 | $-85.9M | $210.7M | ||
| Q4 24 | $-14.2M | $204.5M | ||
| Q3 24 | $-1.4M | $203.0M | ||
| Q2 24 | $17.1M | — | ||
| Q1 24 | $37.6M | $193.8M |
总资产ATECSTRT
| Q4 25 | $791.2M | $392.2M | ||
| Q3 25 | $787.2M | $390.1M | ||
| Q2 25 | $790.3M | $391.5M | ||
| Q1 25 | $785.5M | $387.4M | ||
| Q4 24 | $775.7M | $355.9M | ||
| Q3 24 | $745.9M | $366.9M | ||
| Q2 24 | $768.6M | — | ||
| Q1 24 | $774.6M | $348.5M |
负债/权益比ATECSTRT
| 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 | $13.9M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $11.3M |
| 自由现金流率自由现金流/营收 | 3.6% | 8.2% |
| 资本支出强度资本支出/营收 | 6.1% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 2.81× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $67.8M |
8季度趋势，按日历期对齐
经营现金流ATECSTRT
| Q4 25 | $20.7M | $13.9M | ||
| Q3 25 | $14.0M | $11.3M | ||
| Q2 25 | $15.5M | $30.2M | ||
| Q1 25 | $-5.0M | $20.7M | ||
| Q4 24 | $10.5M | $9.4M | ||
| Q3 24 | $-5.3M | $11.3M | ||
| Q2 24 | $-11.4M | — | ||
| Q1 24 | $-38.4M | $-309.0K |
自由现金流ATECSTRT
| Q4 25 | $7.7M | $11.3M | ||
| Q3 25 | $4.8M | $9.8M | ||
| Q2 25 | $5.2M | $27.2M | ||
| Q1 25 | $-15.0M | $19.6M | ||
| Q4 24 | $8.5M | $8.5M | ||
| Q3 24 | $-21.2M | $9.3M | ||
| Q2 24 | $-45.5M | — | ||
| Q1 24 | $-69.8M | $-2.0M |
自由现金流率ATECSTRT
| Q4 25 | 3.6% | 8.2% | ||
| Q3 25 | 2.4% | 6.4% | ||
| Q2 25 | 2.8% | 17.9% | ||
| Q1 25 | -8.9% | 13.6% | ||
| Q4 24 | 4.8% | 6.6% | ||
| Q3 24 | -14.1% | 6.7% | ||
| Q2 24 | -31.3% | — | ||
| Q1 24 | -50.4% | -1.4% |
资本支出强度ATECSTRT
| Q4 25 | 6.1% | 1.9% | ||
| Q3 25 | 4.7% | 1.0% | ||
| Q2 25 | 5.6% | 2.0% | ||
| Q1 25 | 5.9% | 0.8% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 10.5% | 1.5% | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 22.6% | 1.2% |
现金转化率ATECSTRT
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | — | 3.65× | ||
| Q1 25 | — | 3.84× | ||
| Q4 24 | — | 7.16× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.21× |
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
STRT
| Door Handles And Exterior Trim | $35.0M | 25% |
| Power Access Solutions | $34.5M | 25% |
| Keys And Locksets | $26.8M | 19% |
| Latches | $16.3M | 12% |
| User Interface Controls | $12.5M | 9% |
| Aftermarket And Service | $9.4M | 7% |
| Other Product | $3.1M | 2% |
| Related Party | $1.3M | 1% |
