Alphatec Holdings vs Varex Imaging
Alphatec Holdings and Varex Imaging are similar in size: $764m and $845m of revenue in their latest fiscal years. Alphatec Holdings grew faster (25.0% against 4.1%). Varex Imaging kept more of each dollar of sales as profit: a net margin of -8.3% against -18.8%. Varex Imaging carries less debt relative to equity (78.3% against 5566.3%).
| Latest fiscal year | Alphatec HoldingsATEC, 2025 | Varex ImagingVREX, 2025 |
|---|---|---|
| Revenue | $764m | $845m |
| Revenue growth | 25.0% | 4.1% |
| Net income | −$143m | −$70.3m |
| Operating margin | -10.7% | -3.3% |
| Net margin | -18.8% | -8.3% |
| Return on equity | — | -14.0% |
| Free cash flow | $2.8m | $18.8m |
| Cash | $161m | $145m |
| Total debt | $692m | $370m |
| Debt to equity | 5566.3% | 78.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 913 | 2,400 |
| Market value | $1.17bn | $781m |
| Price vs our value range | — | Above our value range |
| Moat score | 28 (Weak) | 52 (Moderate) |
| Insider trades, 12 months | 5 buys, 41 sales | 0 buys, 3 sales |