Axcelis Tech Ord Financials
This page shows Axcelis Tech Ord (ACLS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Axcelis Tech Ord has an operating margin of 20.7%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 23.5% the prior year.
Axcelis Tech Ord's revenue declined 10% year-over-year, from $1.1B to $1.0B. This contraction results in a growth score of 0/100.
Axcelis Tech Ord carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.41, Axcelis Tech Ord holds $5.41 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Axcelis Tech Ord has a free cash flow margin of 12.6%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
Axcelis Tech Ord earns a strong 19.9% return on equity (ROE), meaning it generates $20 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is down from 28.5% the prior year.
Axcelis Tech Ord scores 6.99, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.5B) relative to total liabilities ($336.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Axcelis Tech Ord passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Axcelis Tech Ord generates $0.70 in operating cash flow ($140.8M OCF vs $201.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Axcelis Tech Ord earns $38.6 in operating income for every $1 of interest expense ($210.8M vs $5.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Axcelis Tech Ord generated $1.0B in revenue in fiscal year 2024. This represents a decrease of 10.0% from the prior year.
Axcelis Tech Ord's EBITDA was $226.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.7% from the prior year.
Axcelis Tech Ord generated $128.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 5.6% from the prior year.
Axcelis Tech Ord reported $201.0M in net income in fiscal year 2024. This represents a decrease of 18.4% from the prior year.
Axcelis Tech Ord earned $6.15 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 17.2% from the prior year.
Axcelis Tech Ord held $123.5M in cash against $0 in long-term debt as of fiscal year 2024.
Axcelis Tech Ord had 32M shares outstanding in fiscal year 2024. This represents a decrease of 1.0% from the prior year.
Axcelis Tech Ord's gross margin was 44.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.
Axcelis Tech Ord's operating margin was 20.7% in fiscal year 2024, reflecting core business profitability. This is down 2.8 percentage points from the prior year.
Axcelis Tech Ord's net profit margin was 19.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.0 percentage points from the prior year.
Axcelis Tech Ord's ROE was 19.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.6 percentage points from the prior year.
Axcelis Tech Ord invested $105.5M in research and development in fiscal year 2024. This represents an increase of 8.9% from the prior year.
Axcelis Tech Ord spent $60.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 15.2% from the prior year.
Axcelis Tech Ord invested $12.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 41.0% from the prior year.
ACLS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $213.6M+9.8% | $194.5M+1.0% | $192.6M-37.9% | $310.3M+6.1% | $292.3M+6.7% | $274.0M+7.9% | $254.0M-4.5% | $266.1M |
| Cost of Revenue | $124.8M+16.4% | $107.2M+3.3% | $103.8M-39.8% | $172.4M+6.0% | $162.6M+5.4% | $154.3M+2.8% | $150.0M-4.2% | $156.5M |
| Gross Profit | $88.8M+1.7% | $87.3M-1.6% | $88.8M-35.6% | $137.9M+6.3% | $129.7M+8.3% | $119.7M+15.1% | $104.0M-5.0% | $109.5M |
| R&D Expenses | $24.6M-9.0% | $27.1M-0.2% | $27.1M+8.9% | $24.9M+3.4% | $24.1M-0.2% | $24.1M+1.5% | $23.8M+7.6% | $22.1M |
| SG&A Expenses | $23.3M+42.9% | $16.3M-6.0% | $17.4M+0.5% | $17.3M-1.0% | $17.4M+6.8% | $16.3M+10.7% | $14.7M-9.6% | $16.3M |
| Operating Income | $25.0M-13.6% | $29.0M-0.7% | $29.2M-63.1% | $79.0M+10.3% | $71.7M+12.5% | $63.7M+24.0% | $51.4M-8.4% | $56.1M |
| Interest Expense | $1.3M-3.7% | $1.4M-0.9% | $1.4M+3.6% | $1.3M-0.4% | $1.3M-1.8% | $1.3M-0.3% | $1.4M-8.3% | $1.5M |
| Income Tax | $4.2M+15.0% | $3.6M-19.6% | $4.5M-72.4% | $16.4M+111.1% | $7.7M+155.0% | $3.0M-41.7% | $5.2M-40.9% | $8.8M |
| Net Income | $26.0M-17.2% | $31.4M+9.8% | $28.6M-59.8% | $71.1M+7.8% | $65.9M+7.1% | $61.6M+29.1% | $47.7M-16.3% | $57.0M |
| EPS (Diluted) | $0.83-15.3% | $0.98+11.4% | $0.88-59.1% | $2.15+8.0% | $1.99+7.0% | $1.86+30.1% | $1.43-16.4% | $1.71 |
ACLS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+2.1% | $1.3B-1.3% | $1.3B+4.6% | $1.3B+6.7% | $1.2B+7.1% | $1.1B+3.9% | $1.1B+6.5% | $1.0B |
| Current Assets | $984.0M-7.6% | $1.1B-4.4% | $1.1B+3.1% | $1.1B+6.4% | $1.0B+6.8% | $950.2M+1.7% | $934.4M+6.5% | $877.6M |
| Cash & Equivalents | $187.5M+8.0% | $173.6M-5.6% | $184.0M+10.0% | $167.3M+17.6% | $142.3M+7.4% | $132.5M-19.4% | $164.5M-11.4% | $185.6M |
| Inventory | $324.3M+4.4% | $310.8M+5.0% | $295.9M-3.5% | $306.5M-1.8% | $312.2M+4.1% | $299.8M+14.4% | $262.1M+8.1% | $242.4M |
| Accounts Receivable | $147.6M+6.3% | $138.8M-15.8% | $164.9M-24.3% | $218.0M+13.3% | $192.3M+20.8% | $159.2M-16.0% | $189.6M+11.7% | $169.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $331.8M+10.2% | $301.1M-3.9% | $313.4M-24.9% | $417.1M+4.1% | $400.7M+6.1% | $377.7M-0.1% | $378.0M+9.1% | $346.4M |
| Current Liabilities | $199.0M+12.4% | $177.1M-11.6% | $200.4M-29.7% | $285.1M+9.2% | $261.2M+5.1% | $248.5M-7.3% | $267.9M+8.0% | $248.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.0B-0.2% | $1.0B-0.5% | $1.0B+18.8% | $864.9M+8.0% | $801.0M+7.7% | $744.0M+6.0% | $701.8M+5.2% | $667.3M |
| Retained Earnings | $488.8M+0.3% | $487.2M+0.3% | $485.7M+52.0% | $319.5M+22.2% | $261.5M+26.5% | $206.8M+32.6% | $156.0M+31.2% | $118.9M |
ACLS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $45.4M+14.2% | $39.7M-0.2% | $39.8M-39.3% | $65.6M+173.0% | $24.0M-26.6% | $32.7M-5.3% | $34.6M-71.8% | $122.4M |
| Capital Expenditures | $2.0M+1.5% | $2.0M-60.0% | $5.0M-51.1% | $10.2M+91.5% | $5.3M+79.0% | $3.0M+32.2% | $2.2M-41.2% | $3.8M |
| Free Cash Flow | $43.3M+14.8% | $37.7M+8.3% | $34.8M-37.1% | $55.4M+196.1% | $18.7M-37.1% | $29.8M-7.9% | $32.3M-72.7% | $118.6M |
| Investing Cash Flow | $1.4M+129.9% | -$4.6M-111.4% | $40.5M+251.7% | -$26.7M-2735.2% | -$941K+97.7% | -$40.2M-21.6% | -$33.0M+84.8% | -$216.8M |
| Financing Cash Flow | -$32.8M+30.2% | -$47.0M-133.6% | -$20.1M-33.9% | -$15.0M-14.1% | -$13.2M+43.8% | -$23.4M-40.4% | -$16.7M-35.1% | -$12.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $32.3M-28.7% | $45.3M+149.4% | $18.2M+21.2% | $15.0M+20.0% | $12.5M0.0% | $12.5M0.0% | $12.5M0.0% | $12.5M |
ACLS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.6%-3.3pp | 44.9%-1.2pp | 46.1%+1.7pp | 44.4%+0.1pp | 44.4%+0.7pp | 43.7%+2.7pp | 40.9%-0.2pp | 41.2% |
| Operating Margin | 11.7%-3.2pp | 14.9%-0.3pp | 15.1%-10.3pp | 25.5%+1.0pp | 24.5%+1.3pp | 23.3%+3.0pp | 20.2%-0.9pp | 21.1% |
| Net Margin | 12.2%-4.0pp | 16.1%+1.3pp | 14.8%-8.1pp | 22.9%+0.4pp | 22.6%+0.1pp | 22.5%+3.7pp | 18.8%-2.6pp | 21.4% |
| Return on Equity | 2.5%-0.5pp | 3.1%+0.3pp | 2.8%-5.4pp | 8.2%-0.0pp | 8.2%-0.1pp | 8.3%+1.5pp | 6.8%-1.7pp | 8.5% |
| Return on Assets | 1.9%-0.5pp | 2.4%+0.2pp | 2.1%-3.4pp | 5.5%+0.1pp | 5.5%0.0pp | 5.5%+1.1pp | 4.4%-1.2pp | 5.6% |
| Current Ratio | 4.95-1.1 | 6.01+0.5 | 5.56+1.8 | 3.79-0.1 | 3.89+0.1 | 3.82+0.3 | 3.49-0.0 | 3.54 |
| Debt-to-Equity | 0.33+0.0 | 0.29-0.0 | 0.31-0.2 | 0.48-0.0 | 0.500.0 | 0.51-0.0 | 0.54+0.0 | 0.52 |
| FCF Margin | 20.3%+0.9pp | 19.4%+1.3pp | 18.1%+0.2pp | 17.9%+11.5pp | 6.4%-4.5pp | 10.9%-1.9pp | 12.7%-31.9pp | 44.6% |
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Frequently Asked Questions
What is Axcelis Tech Ord's annual revenue?
Axcelis Tech Ord (ACLS) reported $1.0B in total revenue for fiscal year 2024. This represents a -10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Axcelis Tech Ord's revenue growing?
Axcelis Tech Ord (ACLS) revenue declined by 10% year-over-year, from $1.1B to $1.0B in fiscal year 2024.
Is Axcelis Tech Ord profitable?
Yes, Axcelis Tech Ord (ACLS) reported a net income of $201.0M in fiscal year 2024, with a net profit margin of 19.8%.
What is Axcelis Tech Ord's earnings per share (EPS)?
Axcelis Tech Ord (ACLS) reported diluted earnings per share of $6.15 for fiscal year 2024. This represents a -17.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Axcelis Tech Ord's EBITDA?
Axcelis Tech Ord (ACLS) had EBITDA of $226.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Axcelis Tech Ord's gross margin?
Axcelis Tech Ord (ACLS) had a gross margin of 44.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Axcelis Tech Ord's operating margin?
Axcelis Tech Ord (ACLS) had an operating margin of 20.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Axcelis Tech Ord's net profit margin?
Axcelis Tech Ord (ACLS) had a net profit margin of 19.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Axcelis Tech Ord's return on equity (ROE)?
Axcelis Tech Ord (ACLS) has a return on equity of 19.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Axcelis Tech Ord's free cash flow?
Axcelis Tech Ord (ACLS) generated $128.6M in free cash flow during fiscal year 2024. This represents a -5.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Axcelis Tech Ord's operating cash flow?
Axcelis Tech Ord (ACLS) generated $140.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Axcelis Tech Ord's total assets?
Axcelis Tech Ord (ACLS) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Axcelis Tech Ord's capital expenditures?
Axcelis Tech Ord (ACLS) invested $12.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Axcelis Tech Ord spend on research and development?
Axcelis Tech Ord (ACLS) invested $105.5M in research and development during fiscal year 2024.
Does Axcelis Tech Ord buy back shares?
Yes, Axcelis Tech Ord (ACLS) spent $60.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Axcelis Tech Ord have outstanding?
Axcelis Tech Ord (ACLS) had 32M shares outstanding as of fiscal year 2024.
What is Axcelis Tech Ord's current ratio?
Axcelis Tech Ord (ACLS) had a current ratio of 5.41 as of fiscal year 2024, which is generally considered healthy.
What is Axcelis Tech Ord's debt-to-equity ratio?
Axcelis Tech Ord (ACLS) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Axcelis Tech Ord's return on assets (ROA)?
Axcelis Tech Ord (ACLS) had a return on assets of 14.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Axcelis Tech Ord's Altman Z-Score?
Axcelis Tech Ord (ACLS) has an Altman Z-Score of 6.99, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Axcelis Tech Ord's Piotroski F-Score?
Axcelis Tech Ord (ACLS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Axcelis Tech Ord's earnings high quality?
Axcelis Tech Ord (ACLS) has an earnings quality ratio of 0.70x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Axcelis Tech Ord cover its interest payments?
Axcelis Tech Ord (ACLS) has an interest coverage ratio of 38.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Axcelis Tech Ord?
Axcelis Tech Ord (ACLS) scores 74 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.