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Embecta vs Alphatec Holdings: EMBC and ATEC compared
Embecta is the larger company: $272M of revenue in its latest quarter (Q3 FY26) against $221M for Alphatec Holdings (Q3 2026). Alphatec Holdings is growing faster (+13% against -8% a year earlier). Embecta is more profitable, with an operating margin of 17.9% against 1.5%.
Where the money goes: EMBC and ATEC
Embecta (EMBC) · Q3 FY26
Embecta, Q3 FY26: revenue $272M (-8% year over year), operating margin 17.9%, net earnings $21.1M, operating cash flow $41.8M. The chart follows the revenue to costs, profit and cash.
Alphatec Holdings (ATEC) · Q3 2026
Alphatec Holdings, Q3 2026: revenue $221M (+13% year over year), operating margin 1.5%, net loss $5.5M, operating cash flow $18.9M. The chart follows the revenue to costs, profit and cash.
| Embecta (EMBC) | Alphatec Holdings (ATEC) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $272M | $221M |
| Revenue growth, Y/Y | -8% | +13% |
| Gross margin | 56.4% | — |
| Operating margin | 17.9% | 1.5% |
| Net earnings | $21.1M | −$5.5M |
| Net margin | 7.8% | -2.5% |
| Operating cash flow | $41.8M | $18.9M |
| Free cash flow | $40.7M | $5.6M |
| Market value | — | $1.8B |
| Analysts’ mean target | — | $13.29 |
Where the revenue comes from
Embecta
- Pen Needles: $178M (65%)
- Safety: $36.7M (14%)
- Syringes: $36.6M (13%)
- Other: $15.6M (6%)
Questions
Which is bigger, Embecta or Alphatec Holdings?
Embecta is the larger company: $272M of revenue in its latest quarter (Q3 FY26) against $221M for Alphatec Holdings (Q3 2026).
Is Embecta or Alphatec Holdings growing faster?
Alphatec Holdings is growing faster (+13% against -8% a year earlier).
Which is more profitable, Embecta or Alphatec Holdings?
Embecta is more profitable, with an operating margin of 17.9% against 1.5%.
More: Embecta earnings · how Embecta makes money · Alphatec Holdings earnings · how Alphatec Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 7, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.