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Alphatec Holdings, Inc.（ATEC）与UNITIL CORP（UTL）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UNITIL CORP的1.3倍（$212.9M vs $161.5M），UNITIL CORP净利率更高（11.8% vs -10.2%，领先22.0%），UNITIL CORP同比增速更快（26.7% vs 20.4%），Alphatec Holdings, Inc.自由现金流更多（$7.7M vs $-36.3M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs -4.9%）
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。
Unitil是一家跨州电力与天然气公用事业公司，业务覆盖美国新罕布什尔州、马萨诸塞州与缅因州。公司最早前身是1849年在缅因州成立的波特兰煤气灯公司，现企业主体于1984年设立，总部位于新罕布什尔州。目前公司总市值约6.8651亿美元，为约10.24万电力客户、超7.59万天然气客户提供服务。
ATEC vs UTL — 直观对比
营收规模更大
ATEC
是对方的1.3倍
$161.5M
营收增速更快
UTL
高出6.2%
20.4%
净利率更高
UTL
高出22.0%
-10.2%
自由现金流更多
ATEC
多$44.0M
$-36.3M
两年增速更快
ATEC
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $161.5M |
| 净利润 | $-21.7M | $19.0M |
| 毛利率 | 70.2% | — |
| 营业利润率 | -4.1% | 21.5% |
| 净利率 | -10.2% | 11.8% |
| 营收同比 | 20.4% | 26.7% |
| 净利润同比 | 34.8% | 21.8% |
| 每股收益（稀释后） | $-0.15 | $1.05 |
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ATECUTL
| Q4 25 | $212.9M | $161.5M | ||
| Q3 25 | $196.5M | $101.1M | ||
| Q2 25 | $185.5M | $102.6M | ||
| Q1 25 | $169.2M | $170.8M | ||
| Q4 24 | $176.8M | $127.5M | ||
| Q3 24 | $150.7M | $92.9M | ||
| Q2 24 | $145.6M | $95.7M | ||
| Q1 24 | $138.5M | $178.7M |
净利润ATECUTL
| Q4 25 | $-21.7M | $19.0M | ||
| Q3 25 | $-28.6M | $-300.0K | ||
| Q2 25 | $-41.1M | $4.0M | ||
| Q1 25 | $-51.9M | $27.5M | ||
| Q4 24 | $-33.3M | $15.6M | ||
| Q3 24 | $-39.6M | $0 | ||
| Q2 24 | $-40.7M | $4.3M | ||
| Q1 24 | $-48.5M | $27.2M |
毛利率ATECUTL
| Q4 25 | 70.2% | — | ||
| Q3 25 | 69.9% | — | ||
| Q2 25 | 69.6% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 68.8% | — | ||
| Q3 24 | 68.2% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 70.3% | — |
营业利润率ATECUTL
| Q4 25 | -4.1% | 21.5% | ||
| Q3 25 | -8.1% | 6.9% | ||
| Q2 25 | -7.1% | 13.0% | ||
| Q1 25 | -26.2% | 27.0% | ||
| Q4 24 | -13.5% | 22.1% | ||
| Q3 24 | -22.4% | 6.2% | ||
| Q2 24 | -24.3% | 13.0% | ||
| Q1 24 | -31.3% | 24.7% |
净利率ATECUTL
| Q4 25 | -10.2% | 11.8% | ||
| Q3 25 | -14.5% | -0.3% | ||
| Q2 25 | -22.2% | 3.9% | ||
| Q1 25 | -30.7% | 16.1% | ||
| Q4 24 | -18.9% | 12.2% | ||
| Q3 24 | -26.3% | — | ||
| Q2 24 | -27.9% | 4.5% | ||
| Q1 24 | -35.0% | 15.2% |
每股收益（稀释后）ATECUTL
| Q4 25 | $-0.15 | $1.05 | ||
| Q3 25 | $-0.19 | $-0.02 | ||
| Q2 25 | $-0.27 | $0.25 | ||
| Q1 25 | $-0.35 | $1.69 | ||
| Q4 24 | $-0.22 | $0.97 | ||
| Q3 24 | $-0.28 | $0.00 | ||
| Q2 24 | $-0.29 | $0.27 | ||
| Q1 24 | $-0.34 | $1.69 |
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 | $15.6M |
| 总债务越低越好 | $565.9M | $670.5M |
| 股东权益账面价值 | $12.4M | $609.6M |
| 总资产 | $791.2M | $2.1B |
| 负债/权益比越低杠杆越低 | 45.54× | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资ATECUTL
| Q4 25 | $160.8M | $15.6M | ||
| Q3 25 | $155.7M | $14.6M | ||
| Q2 25 | $157.1M | $8.5M | ||
| Q1 25 | $153.2M | $10.2M | ||
| Q4 24 | $138.8M | $6.3M | ||
| Q3 24 | $81.0M | $6.3M | ||
| Q2 24 | $99.8M | $2.8M | ||
| Q1 24 | $144.1M | $6.3M |
总债务ATECUTL
| Q4 25 | $565.9M | $670.5M | ||
| Q3 25 | $559.7M | $670.5M | ||
| Q2 25 | $553.9M | $640.7M | ||
| Q1 25 | $548.4M | $642.1M | ||
| Q4 24 | $576.2M | $643.3M | ||
| Q3 24 | $527.7M | $643.3M | ||
| Q2 24 | $519.2M | $511.3M | ||
| Q1 24 | $514.4M | $512.8M |
股东权益ATECUTL
| Q4 25 | $12.4M | $609.6M | ||
| Q3 25 | $11.5M | $597.2M | ||
| Q2 25 | $23.8M | $532.8M | ||
| Q1 25 | $-85.9M | $534.1M | ||
| Q4 24 | $-14.2M | $512.5M | ||
| Q3 24 | $-1.4M | $502.4M | ||
| Q2 24 | $17.1M | $508.8M | ||
| Q1 24 | $37.6M | $510.8M |
总资产ATECUTL
| Q4 25 | $791.2M | $2.1B | ||
| Q3 25 | $787.2M | $1.9B | ||
| Q2 25 | $790.3M | $1.9B | ||
| Q1 25 | $785.5M | $1.9B | ||
| Q4 24 | $775.7M | $1.8B | ||
| Q3 24 | $745.9M | $1.7B | ||
| Q2 24 | $768.6M | $1.7B | ||
| Q1 24 | $774.6M | $1.7B |
负债/权益比ATECUTL
| Q4 25 | 45.54× | 1.10× | ||
| Q3 25 | 48.64× | 1.12× | ||
| Q2 25 | 23.30× | 1.20× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | 30.34× | 1.00× | ||
| Q1 24 | 13.70× | 1.00× |
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 | $21.4M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $-36.3M |
| 自由现金流率自由现金流/营收 | 3.6% | -22.5% |
| 资本支出强度资本支出/营收 | 6.1% | 35.7% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $-53.8M |
8季度趋势，按日历期对齐
经营现金流ATECUTL
| Q4 25 | $20.7M | $21.4M | ||
| Q3 25 | $14.0M | $15.6M | ||
| Q2 25 | $15.5M | $42.2M | ||
| Q1 25 | $-5.0M | $52.1M | ||
| Q4 24 | $10.5M | $23.3M | ||
| Q3 24 | $-5.3M | $26.1M | ||
| Q2 24 | $-11.4M | $49.9M | ||
| Q1 24 | $-38.4M | $26.6M |
自由现金流ATECUTL
| Q4 25 | $7.7M | $-36.3M | ||
| Q3 25 | $4.8M | $-39.0M | ||
| Q2 25 | $5.2M | $2.0M | ||
| Q1 25 | $-15.0M | $19.5M | ||
| Q4 24 | $8.5M | $-32.3M | ||
| Q3 24 | $-21.2M | $-31.3M | ||
| Q2 24 | $-45.5M | $13.2M | ||
| Q1 24 | $-69.8M | $6.4M |
自由现金流率ATECUTL
| Q4 25 | 3.6% | -22.5% | ||
| Q3 25 | 2.4% | -38.6% | ||
| Q2 25 | 2.8% | 1.9% | ||
| Q1 25 | -8.9% | 11.4% | ||
| Q4 24 | 4.8% | -25.3% | ||
| Q3 24 | -14.1% | -33.7% | ||
| Q2 24 | -31.3% | 13.8% | ||
| Q1 24 | -50.4% | 3.6% |
资本支出强度ATECUTL
| Q4 25 | 6.1% | 35.7% | ||
| Q3 25 | 4.7% | 54.0% | ||
| Q2 25 | 5.6% | 39.2% | ||
| Q1 25 | 5.9% | 19.1% | ||
| Q4 24 | 1.1% | 43.6% | ||
| Q3 24 | 10.5% | 61.8% | ||
| Q2 24 | 23.4% | 38.3% | ||
| Q1 24 | 22.6% | 11.3% |
现金转化率ATECUTL
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.55× | ||
| Q1 25 | — | 1.89× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 11.60× | ||
| Q1 24 | — | 0.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
