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Alphatec Holdings, Inc.（ATEC）与WD 40 CO（WDFC）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WD 40 CO的1.4倍（$212.9M vs $154.4M），WD 40 CO净利率更高（11.3% vs -10.2%，领先21.5%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 0.6%），WD 40 CO自由现金流更多（$9.1M 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
ATEC vs WDFC — 直观对比
营收规模更大
ATEC
是对方的1.4倍
$154.4M
营收增速更快
ATEC
高出19.8%
0.6%
净利率更高
WDFC
高出21.5%
-10.2%
自由现金流更多
WDFC
多$1.3M
$7.7M
两年增速更快
ATEC
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $154.4M |
| 净利润 | $-21.7M | $17.5M |
| 毛利率 | 70.2% | 56.2% |
| 营业利润率 | -4.1% | 15.1% |
| 净利率 | -10.2% | 11.3% |
| 营收同比 | 20.4% | 0.6% |
| 净利润同比 | 34.8% | -7.8% |
| 每股收益（稀释后） | $-0.15 | $1.28 |
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ATECWDFC
| Q4 25 | $212.9M | $154.4M | ||
| Q3 25 | $196.5M | $163.5M | ||
| Q2 25 | $185.5M | $156.9M | ||
| Q1 25 | $169.2M | $146.1M | ||
| Q4 24 | $176.8M | $153.5M | ||
| Q3 24 | $150.7M | $156.0M | ||
| Q2 24 | $145.6M | $155.0M | ||
| Q1 24 | $138.5M | $139.1M |
净利润ATECWDFC
| Q4 25 | $-21.7M | $17.5M | ||
| Q3 25 | $-28.6M | $21.2M | ||
| Q2 25 | $-41.1M | $21.0M | ||
| Q1 25 | $-51.9M | $29.9M | ||
| Q4 24 | $-33.3M | $18.9M | ||
| Q3 24 | $-39.6M | $16.8M | ||
| Q2 24 | $-40.7M | $19.8M | ||
| Q1 24 | $-48.5M | $15.5M |
毛利率ATECWDFC
| Q4 25 | 70.2% | 56.2% | ||
| Q3 25 | 69.9% | 54.7% | ||
| Q2 25 | 69.6% | 56.2% | ||
| Q1 25 | 68.6% | 54.6% | ||
| Q4 24 | 68.8% | 54.8% | ||
| Q3 24 | 68.2% | 54.1% | ||
| Q2 24 | 70.5% | 53.1% | ||
| Q1 24 | 70.3% | 52.4% |
营业利润率ATECWDFC
| Q4 25 | -4.1% | 15.1% | ||
| Q3 25 | -8.1% | 17.1% | ||
| Q2 25 | -7.1% | 17.4% | ||
| Q1 25 | -26.2% | 15.9% | ||
| Q4 24 | -13.5% | 16.4% | ||
| Q3 24 | -22.4% | 15.4% | ||
| Q2 24 | -24.3% | 17.5% | ||
| Q1 24 | -31.3% | 15.1% |
净利率ATECWDFC
| Q4 25 | -10.2% | 11.3% | ||
| Q3 25 | -14.5% | 13.0% | ||
| Q2 25 | -22.2% | 13.4% | ||
| Q1 25 | -30.7% | 20.4% | ||
| Q4 24 | -18.9% | 12.3% | ||
| Q3 24 | -26.3% | 10.8% | ||
| Q2 24 | -27.9% | 12.8% | ||
| Q1 24 | -35.0% | 11.2% |
每股收益（稀释后）ATECWDFC
| Q4 25 | $-0.15 | $1.28 | ||
| Q3 25 | $-0.19 | $1.57 | ||
| Q2 25 | $-0.27 | $1.54 | ||
| Q1 25 | $-0.35 | $2.19 | ||
| Q4 24 | $-0.22 | $1.39 | ||
| Q3 24 | $-0.28 | $1.23 | ||
| Q2 24 | $-0.29 | $1.46 | ||
| Q1 24 | $-0.34 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | $565.9M | $85.7M |
| 股东权益账面价值 | $12.4M | $264.1M |
| 总资产 | $791.2M | $459.7M |
| 负债/权益比越低杠杆越低 | 45.54× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资ATECWDFC
| Q4 25 | $160.8M | $48.6M | ||
| Q3 25 | $155.7M | $58.1M | ||
| Q2 25 | $157.1M | $51.7M | ||
| Q1 25 | $153.2M | $53.0M | ||
| Q4 24 | $138.8M | $54.9M | ||
| Q3 24 | $81.0M | $46.7M | ||
| Q2 24 | $99.8M | $45.3M | ||
| Q1 24 | $144.1M | $55.4M |
总债务ATECWDFC
| Q4 25 | $565.9M | $85.7M | ||
| Q3 25 | $559.7M | $86.2M | ||
| Q2 25 | $553.9M | $85.6M | ||
| Q1 25 | $548.4M | $84.4M | ||
| Q4 24 | $576.2M | $84.6M | ||
| Q3 24 | $527.7M | $86.0M | ||
| Q2 24 | $519.2M | $85.5M | ||
| Q1 24 | $514.4M | $85.9M |
股东权益ATECWDFC
| Q4 25 | $12.4M | $264.1M | ||
| Q3 25 | $11.5M | $268.2M | ||
| Q2 25 | $23.8M | $257.1M | ||
| Q1 25 | $-85.9M | $242.1M | ||
| Q4 24 | $-14.2M | $226.3M | ||
| Q3 24 | $-1.4M | $230.5M | ||
| Q2 24 | $17.1M | $222.2M | ||
| Q1 24 | $37.6M | $216.3M |
总资产ATECWDFC
| Q4 25 | $791.2M | $459.7M | ||
| Q3 25 | $787.2M | $475.8M | ||
| Q2 25 | $790.3M | $456.0M | ||
| Q1 25 | $785.5M | $458.3M | ||
| Q4 24 | $775.7M | $447.3M | ||
| Q3 24 | $745.9M | $449.0M | ||
| Q2 24 | $768.6M | $443.6M | ||
| Q1 24 | $774.6M | $442.0M |
负债/权益比ATECWDFC
| Q4 25 | 45.54× | 0.32× | ||
| Q3 25 | 48.64× | 0.32× | ||
| Q2 25 | 23.30× | 0.33× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | 30.34× | 0.38× | ||
| Q1 24 | 13.70× | 0.40× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $9.1M |
| 自由现金流率自由现金流/营收 | 3.6% | 5.9% |
| 资本支出强度资本支出/营收 | 6.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $78.2M |
8季度趋势，按日历期对齐
经营现金流ATECWDFC
| Q4 25 | $20.7M | $10.0M | ||
| Q3 25 | $14.0M | $29.9M | ||
| Q2 25 | $15.5M | $35.1M | ||
| Q1 25 | $-5.0M | $8.0M | ||
| Q4 24 | $10.5M | $14.9M | ||
| Q3 24 | $-5.3M | $27.2M | ||
| Q2 24 | $-11.4M | $19.9M | ||
| Q1 24 | $-38.4M | $18.0M |
自由现金流ATECWDFC
| Q4 25 | $7.7M | $9.1M | ||
| Q3 25 | $4.8M | $28.6M | ||
| Q2 25 | $5.2M | $34.0M | ||
| Q1 25 | $-15.0M | $6.6M | ||
| Q4 24 | $8.5M | $14.2M | ||
| Q3 24 | $-21.2M | $26.4M | ||
| Q2 24 | $-45.5M | $18.7M | ||
| Q1 24 | $-69.8M | $16.7M |
自由现金流率ATECWDFC
| Q4 25 | 3.6% | 5.9% | ||
| Q3 25 | 2.4% | 17.5% | ||
| Q2 25 | 2.8% | 21.6% | ||
| Q1 25 | -8.9% | 4.5% | ||
| Q4 24 | 4.8% | 9.3% | ||
| Q3 24 | -14.1% | 16.9% | ||
| Q2 24 | -31.3% | 12.0% | ||
| Q1 24 | -50.4% | 12.0% |
资本支出强度ATECWDFC
| Q4 25 | 6.1% | 0.6% | ||
| Q3 25 | 4.7% | 0.8% | ||
| Q2 25 | 5.6% | 0.7% | ||
| Q1 25 | 5.9% | 0.9% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 10.5% | 0.5% | ||
| Q2 24 | 23.4% | 0.8% | ||
| Q1 24 | 22.6% | 0.9% |
现金转化率ATECWDFC
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.16× |
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
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
