Alphatec Holdings vs Neogen
Alphatec Holdings and Neogen are similar in size: $764m and $870m of revenue in their latest fiscal years. Alphatec Holdings grew faster (25.0% against -2.7%). Neogen kept more of each dollar of sales as profit: a net margin of -0.9% against -18.8%. Neogen carries less debt relative to equity (38.2% against 5566.3%).
| Latest fiscal year | Alphatec HoldingsATEC, 2025 | NeogenNEOG, 2026 |
|---|---|---|
| Revenue | $764m | $870m |
| Revenue growth | 25.0% | -2.7% |
| Net income | −$143m | −$7.9m |
| Operating margin | -10.7% | -2.5% |
| Net margin | -18.8% | -0.9% |
| Return on equity | — | -0.4% |
| Free cash flow | $2.8m | $31.9m |
| Cash | $161m | $186m |
| Total debt | $692m | $800m |
| Debt to equity | 5566.3% | 38.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 913 | 2,636 |
| Market value | $1.17bn | $2.64bn |
| Price vs our value range | — | — |
| Moat score | 28 (Weak) | 44 (Weak) |
| Insider trades, 12 months | 5 buys, 41 sales | 7 buys, 0 sales |