Skip to content
stoqly

Axcelis Technologies Inc

ACLS Nasdaq Special Industry Machinery, Nec Financials FY2016–FY2025

Revenue Total sales reported in the income statement.
$839M
17.6% vs prior year
Operating margin Operating income as a share of revenue.
14.2%
6.5 pts
Net income Profit after all expenses, interest and tax.
$120M
40.2%
Free cash flow Cash from operations minus capital spending.
$107M
16.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
—
On $2.99 EPS (TTM)

What Axcelis Technologies Inc does

No business description yet.

Legal name
AXCELIS TECHNOLOGIES INC
Fiscal year ends
December 31, 2025
Latest annual report
10-K · Feb 26, 2026
Accession · CIK
0001104659-26-020461
0001113232

Revenue and margins

Axcelis Technologies Inc had $839M of revenue in fiscal 2025, down 17.6% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 29.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $107M in fiscal 2025, 12.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Axcelis Technologies Inc returned $121M to shareholders in fiscal 2025, 113% of free cash flow. The diluted share count fell 3.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably Axcelis Technologies Inc can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $295M$432M$506M$571M$374M
Interest coverage 26.3x38.1x49.7x38.6x22.2x
Current ratio 4.1x3.5x3.8x5.4x4.8x
Quick ratio 2.8x2.6x2.7x4.1x3.1x
Total assets $753M$1.0B$1.3B$1.3B$1.4B
Total liabilities $214M$346M$417M$336M$327M
Shareholders' equity $539M$667M$865M$1.0B$1.0B
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Net income is positive ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Cash from operations is positive ✕ ✓ ✓ ✕ ✓ ✓ ✓ ✓ ✓ ✓
Return on assets rose — ✓ ✕ ✕ ✓ ✓ ✓ ✓ ✕ ✕
Cash from operations exceeds net income ✕ ✕ ✓ ✕ ✓ ✓ ✓ ✕ ✕ ✕
Debt fell relative to assets — — — — — — — — — —
Current ratio rose — ✕ ✓ ✓ ✓ ✕ ✕ ✓ ✓ ✕
Share count didn't rise — ✕ ✕ ✓ ✕ ✕ ✓ ✓ ✓ ✓
Gross margin rose — ✕ ✓ ✓ ✕ ✓ ✓ ✕ ✓ ✓
Revenue rose relative to assets — ✕ ✕ ✕ ✓ ✓ ✓ ✕ ✕ ✕
F-score — / 33 / 85 / 84 / 86 / 86 / 87 / 85 / 85 / 84 / 8
Accruals ratio 6.5%17.9%−0.2%5.6%−3.4%−7.5%−3.7%7.8%4.6%0.1%
Altman Z'' 3.085.556.596.567.747.767.898.459.818.71

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $267M $411M $443M $343M $475M $662M $920M $1.1B $1.0B $839M
Provision for credit losses — — — $0.8M — — — $1.1M $3.4M —
Gross profit $99.6M $150M $180M $144M $199M $286M $402M $491M $455M $377M
Research and development $34.4M $43.1M $51.9M $53.9M $61.8M $65.4M $78.4M $96.9M $105M $109M
Operating income $16.6M $47.8M $60.0M $24.2M $58.0M $127M $212M $266M $211M $119M
Interest expense $5.1M $5.1M $5.1M $5.2M $5.2M $4.8M $5.6M $5.3M $5.5M $5.4M
Pretax income $11.0M $43.8M $54.7M $20.9M $55.9M $120M $205M $279M $230M $138M
Income tax $0.0M −$83.1M $8.8M $3.9M $5.9M $21.8M $21.8M $32.3M $29.3M $18.0M
Net income $11.0M $127M $45.9M $17.0M $50.0M $98.7M $183M $246M $201M $120M
Net income to common $11.0M $127M $45.9M $17.0M $50.0M $98.7M $183M $246M $201M —
Diluted EPS $0.36 $3.80 $1.35 $0.50 $1.46 $2.88 $5.46 $7.43 $6.15 $3.80
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations −$8.8M $56.3M $47.0M −$13.6M $69.7M $150M $216M $157M $141M $118M
Capital expenditure $2.5M $7.3M $4.7M $12.0M $7.4M $8.7M $10.7M $20.7M $12.2M $11.3M
Free cash flow −$11.3M $49.0M $42.3M −$25.6M $62.3M $141M $205M $136M $129M $107M
Depreciation and amortization $4.3M $5.0M $5.8M $7.9M $9.9M $10.8M $11.6M $13.1M $15.8M $17.6M
Stock-based compensation $5.2M $5.7M $7.8M $8.2M $10.5M $12.1M $13.4M $18.3M $21.0M $20.8M
Share buybacks — — — $17.7M $7.5M $50.0M $57.5M $52.5M $60.5M $121M
Dividends and buybacks — — — $17.7M $7.5M $50.0M $57.5M $52.5M $60.5M $121M
Balance sheet
Cash and short-term investments $70.8M $133M $178M $140M $203M $295M $432M $506M $571M $374M
Finance lease liabilities — — — $48.5M $48.1M $47.4M $46.4M $45.2M $43.7M $42.3M
Current assets $241M $340M $397M $376M $471M $619M $878M $1.1B $1.1B $943M
Current liabilities $47.7M $79.3M $85.0M $68.7M $84.4M $150M $248M $285M $208M $198M
Inventory $114M $121M $129M $140M $161M $195M $242M $306M $282M $329M
Property and equipment, net $30.8M $36.2M $41.1M $25.3M $29.8M $35.0M $39.7M $54.0M $53.8M $56.1M
Total assets $302M $488M $548M $548M $625M $753M $1.0B $1.3B $1.3B $1.4B
Total liabilities $101M $135M $140M $129M $143M $214M $346M $417M $336M $327M
Shareholders' equity $201M $354M $408M $419M $482M $539M $667M $865M $1.0B $1.0B
Margins
Gross margin 37.3% 36.6% 40.6% 42.0% 41.8% 43.2% 43.7% 43.5% 44.7% 44.9%
Operating margin 6.2% 11.7% 13.5% 7.1% 12.2% 19.2% 23.1% 23.5% 20.7% 14.2%
EBITDA margin 7.8% 12.9% 14.9% 9.4% 14.3% 20.9% 24.3% 24.7% 22.3% 16.3%
Net margin 4.1% 30.9% 10.4% 5.0% 10.5% 14.9% 19.9% 21.8% 19.7% 14.3%
FCF margin −4.2% 11.9% 9.5% −7.5% 13.1% 21.4% 22.3% 12.0% 12.6% 12.8%
Returns
Return on capital employed 6.5% 11.7% 12.9% 5.0% 10.7% 21.1% 27.7% 26.7% 18.5% 10.3%
Return on equity 5.5% 45.7% 12.0% 4.1% 11.1% 19.3% 30.4% 32.1% 21.4% 11.7%
Return on assets 3.6% 32.1% 8.9% 3.1% 8.5% 14.3% 20.7% 21.5% 15.3% 8.9%
Return on tangible equity 5.5% 35.9% 11.2% 4.1% 10.4% 18.3% 27.4% 28.5% 19.8% 11.6%
Growth
Revenue growth — 53.8% 7.8% −22.5% 38.4% 39.6% 38.9% 22.9% −10.0% −17.6%
Net income growth — 1,054.1% −63.9% −62.9% 193.4% 97.4% 85.6% 34.5% −18.4% −40.2%
EPS growth — 955.6% −64.5% −63.0% 192.0% 97.3% 89.6% 36.1% −17.2% −38.2%
FCF growth — — −13.8% −160.5% — 127.2% 44.9% −33.5% −5.6% −16.8%
Share count change — 8.0% 1.7% −0.5% 0.9% 0.4% −2.1% −1.1% −1.4% −3.2%
Financial health
Interest coverage 3.3x 9.3x 11.7x 4.7x 11.1x 26.3x 38.1x 49.7x 38.6x 22.2x
Current ratio 5.0x 4.3x 4.7x 5.5x 5.6x 4.1x 3.5x 3.8x 5.4x 4.8x
Quick ratio 2.7x 2.8x 3.2x 3.4x 3.7x 2.8x 2.6x 2.7x 4.1x 3.1x
Capital allocation
Capex / revenue 0.9% 1.8% 1.1% 3.5% 1.6% 1.3% 1.2% 1.8% 1.2% 1.3%
Stock comp / revenue 1.9% 1.4% 1.8% 2.4% 2.2% 1.8% 1.5% 1.6% 2.1% 2.5%
Payouts / FCF — — — — 12.0% 35.3% 28.1% 38.5% 47.0% 113.1%
Quality scores
Piotroski F-score — 3.0 5.0 4.0 6.0 6.0 7.0 5.0 5.0 4.0
Altman Z'' 3.1 5.5 6.6 6.6 7.7 7.8 7.9 8.5 9.8 8.7
Accruals ratio 6.5% 17.9% −0.2% 5.6% −3.4% −7.5% −3.7% 7.8% 4.6% 0.1%

Source: SEC EDGAR XBRL filings (CIK 0001113232). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open