vs
Alphatec Holdings, Inc.（ATEC）与Wheels Up Experience Inc.（UP）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Wheels Up Experience Inc.的1.2倍（$212.9M vs $183.8M），Alphatec Holdings, Inc.净利率更高（-10.2% vs -15.7%，领先5.5%），Alphatec Holdings, Inc.同比增速更快（20.4% vs -10.2%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-58.3M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -3.4%）
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。
Wheels Up是美国领先的按需私人航空服务提供商，也是全球规模最大的私人航空企业之一。公司由肯尼·迪希特创立于2013年，采用会员制按需服务的商业模式，会员可通过移动应用程序，从公司自有机队及第三方运营商处预订私人飞机出行。
ATEC vs UP — 直观对比
营收规模更大
ATEC
是对方的1.2倍
$183.8M
营收增速更快
ATEC
高出30.7%
-10.2%
净利率更高
ATEC
高出5.5%
-15.7%
自由现金流更多
ATEC
多$66.0M
$-58.3M
两年增速更快
ATEC
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $183.8M |
| 净利润 | $-21.7M | $-28.9M |
| 毛利率 | 70.2% | 14.3% |
| 营业利润率 | -4.1% | -0.9% |
| 净利率 | -10.2% | -15.7% |
| 营收同比 | 20.4% | -10.2% |
| 净利润同比 | 34.8% | 67.0% |
| 每股收益（稀释后） | $-0.15 | $-0.04 |
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ATECUP
| Q4 25 | $212.9M | $183.8M | ||
| Q3 25 | $196.5M | $185.5M | ||
| Q2 25 | $185.5M | $189.6M | ||
| Q1 25 | $169.2M | $177.5M | ||
| Q4 24 | $176.8M | $204.8M | ||
| Q3 24 | $150.7M | $193.9M | ||
| Q2 24 | $145.6M | $196.3M | ||
| Q1 24 | $138.5M | $197.1M |
净利润ATECUP
| Q4 25 | $-21.7M | $-28.9M | ||
| Q3 25 | $-28.6M | $-83.7M | ||
| Q2 25 | $-41.1M | $-82.3M | ||
| Q1 25 | $-51.9M | $-99.3M | ||
| Q4 24 | $-33.3M | $-87.5M | ||
| Q3 24 | $-39.6M | $-57.7M | ||
| Q2 24 | $-40.7M | $-97.0M | ||
| Q1 24 | $-48.5M | $-97.4M |
毛利率ATECUP
| Q4 25 | 70.2% | 14.3% | ||
| Q3 25 | 69.9% | 6.8% | ||
| Q2 25 | 69.6% | 8.3% | ||
| Q1 25 | 68.6% | 10.8% | ||
| Q4 24 | 68.8% | 13.9% | ||
| Q3 24 | 68.2% | 13.9% | ||
| Q2 24 | 70.5% | 2.3% | ||
| Q1 24 | 70.3% | -0.6% |
营业利润率ATECUP
| Q4 25 | -4.1% | -0.9% | ||
| Q3 25 | -8.1% | -33.1% | ||
| Q2 25 | -7.1% | -31.4% | ||
| Q1 25 | -26.2% | -45.5% | ||
| Q4 24 | -13.5% | -26.0% | ||
| Q3 24 | -22.4% | -21.6% | ||
| Q2 24 | -24.3% | -40.3% | ||
| Q1 24 | -31.3% | -42.9% |
净利率ATECUP
| Q4 25 | -10.2% | -15.7% | ||
| Q3 25 | -14.5% | -45.1% | ||
| Q2 25 | -22.2% | -43.4% | ||
| Q1 25 | -30.7% | -55.9% | ||
| Q4 24 | -18.9% | -42.7% | ||
| Q3 24 | -26.3% | -29.8% | ||
| Q2 24 | -27.9% | -49.4% | ||
| Q1 24 | -35.0% | -49.4% |
每股收益（稀释后）ATECUP
| Q4 25 | $-0.15 | $-0.04 | ||
| Q3 25 | $-0.19 | $-0.12 | ||
| Q2 25 | $-0.27 | $-0.12 | ||
| Q1 25 | $-0.35 | $-0.14 | ||
| Q4 24 | $-0.22 | $-0.13 | ||
| Q3 24 | $-0.28 | $-0.08 | ||
| Q2 24 | $-0.29 | $-0.14 | ||
| Q1 24 | $-0.34 | $-0.14 |
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 | $133.9M |
| 总债务越低越好 | $565.9M | $671.3M |
| 股东权益账面价值 | $12.4M | $-392.1M |
| 总资产 | $791.2M | $968.8M |
| 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ATECUP
| Q4 25 | $160.8M | $133.9M | ||
| Q3 25 | $155.7M | $125.3M | ||
| Q2 25 | $157.1M | $107.0M | ||
| Q1 25 | $153.2M | $171.8M | ||
| Q4 24 | $138.8M | $216.4M | ||
| Q3 24 | $81.0M | $115.9M | ||
| Q2 24 | $99.8M | $141.5M | ||
| Q1 24 | $144.1M | $180.9M |
总债务ATECUP
| Q4 25 | $565.9M | $671.3M | ||
| Q3 25 | $559.7M | $766.5M | ||
| Q2 25 | $553.9M | $770.5M | ||
| Q1 25 | $548.4M | $765.8M | ||
| Q4 24 | $576.2M | $761.3M | ||
| Q3 24 | $527.7M | $596.9M | ||
| Q2 24 | $519.2M | $597.4M | ||
| Q1 24 | $514.4M | $603.2M |
股东权益ATECUP
| Q4 25 | $12.4M | $-392.1M | ||
| Q3 25 | $11.5M | $-374.5M | ||
| Q2 25 | $23.8M | $-347.8M | ||
| Q1 25 | $-85.9M | $-288.1M | ||
| Q4 24 | $-14.2M | $-202.1M | ||
| Q3 24 | $-1.4M | $-117.7M | ||
| Q2 24 | $17.1M | $-72.2M | ||
| Q1 24 | $37.6M | $936.0K |
总资产ATECUP
| Q4 25 | $791.2M | $968.8M | ||
| Q3 25 | $787.2M | $973.0M | ||
| Q2 25 | $790.3M | $1.0B | ||
| Q1 25 | $785.5M | $1.1B | ||
| Q4 24 | $775.7M | $1.2B | ||
| Q3 24 | $745.9M | $1.0B | ||
| Q2 24 | $768.6M | $1.1B | ||
| Q1 24 | $774.6M | $1.2B |
负债/权益比ATECUP
| 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× | 644.43× |
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 | $-18.4M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $-58.3M |
| 自由现金流率自由现金流/营收 | 3.6% | -31.7% |
| 资本支出强度资本支出/营收 | 6.1% | 21.7% |
| 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 | $-259.9M |
8季度趋势，按日历期对齐
经营现金流ATECUP
| Q4 25 | $20.7M | $-18.4M | ||
| Q3 25 | $14.0M | $-37.1M | ||
| Q2 25 | $15.5M | $-62.9M | ||
| Q1 25 | $-5.0M | $-47.9M | ||
| Q4 24 | $10.5M | $37.9M | ||
| Q3 24 | $-5.3M | $-16.9M | ||
| Q2 24 | $-11.4M | $-25.2M | ||
| Q1 24 | $-38.4M | $-73.8M |
自由现金流ATECUP
| Q4 25 | $7.7M | $-58.3M | ||
| Q3 25 | $4.8M | $-60.4M | ||
| Q2 25 | $5.2M | $-78.6M | ||
| Q1 25 | $-15.0M | $-62.6M | ||
| Q4 24 | $8.5M | $-70.2M | ||
| Q3 24 | $-21.2M | $-21.9M | ||
| Q2 24 | $-45.5M | $-30.8M | ||
| Q1 24 | $-69.8M | $-77.8M |
自由现金流率ATECUP
| Q4 25 | 3.6% | -31.7% | ||
| Q3 25 | 2.4% | -32.6% | ||
| Q2 25 | 2.8% | -41.5% | ||
| Q1 25 | -8.9% | -35.3% | ||
| Q4 24 | 4.8% | -34.3% | ||
| Q3 24 | -14.1% | -11.3% | ||
| Q2 24 | -31.3% | -15.7% | ||
| Q1 24 | -50.4% | -39.5% |
资本支出强度ATECUP
| Q4 25 | 6.1% | 21.7% | ||
| Q3 25 | 4.7% | 12.5% | ||
| Q2 25 | 5.6% | 8.3% | ||
| Q1 25 | 5.9% | 8.3% | ||
| Q4 24 | 1.1% | 52.8% | ||
| Q3 24 | 10.5% | 2.6% | ||
| Q2 24 | 23.4% | 2.9% | ||
| Q1 24 | 22.6% | 2.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
