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Axcelis Tech Ord Financials

ACLS
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Axcelis Tech Ord (ACLS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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

Profitability Growth Leverage Liquidity Cash Flow Returns 57 / 100
Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
54

Axcelis Tech Ord has an operating margin of 14.2%, meaning the company retains $14 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is down from 20.7% the prior year.

Growth
4

Axcelis Tech Ord's revenue declined 17.6% year-over-year, from $1.0B to $839.0M. This contraction results in a growth score of 4/100.

Leverage
96

Axcelis Tech Ord carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
95

With a current ratio of 4.77, Axcelis Tech Ord holds $4.77 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.

Cash Flow
57

Axcelis Tech Ord has a free cash flow margin of 12.8%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
37

Axcelis Tech Ord's ROE of 11.6% shows moderate profitability relative to equity, earning a score of 37/100. This is down from 19.9% the prior year.

Altman Z-Score Safe
7.45

Axcelis Tech Ord scores 7.45, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.9B) relative to total liabilities ($326.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Axcelis Tech Ord passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
0.98x

For every $1 of reported earnings, Axcelis Tech Ord generates $0.98 in operating cash flow ($118.3M OCF vs $120.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe
22.2x

Axcelis Tech Ord earns $22.2 in operating income for every $1 of interest expense ($119.3M vs $5.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$839.0M
YoY-17.6%
5Y CAGR+12.1%
10Y CAGR+12.1%

Axcelis Tech Ord generated $839.0M in revenue in fiscal year 2025. This represents a decrease of 17.6% from the prior year.

EBITDA
$136.9M
YoY-39.6%
5Y CAGR+15.0%
10Y CAGR+18.3%

Axcelis Tech Ord's EBITDA was $136.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.6% from the prior year.

Net Income
$120.2M
YoY-40.2%
5Y CAGR+19.2%
10Y CAGR+23.4%

Axcelis Tech Ord reported $120.2M in net income in fiscal year 2025. This represents a decrease of 40.2% from the prior year.

EPS (Diluted)
$3.80
YoY-38.2%
5Y CAGR+21.1%
10Y CAGR+22.7%

Axcelis Tech Ord earned $3.80 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 38.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$107.0M
YoY-16.8%
5Y CAGR+11.4%
10Y CAGR+20.6%

Axcelis Tech Ord generated $107.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 16.8% from the prior year.

Cash & Debt
$145.5M
YoY+17.8%
5Y CAGR-6.5%
10Y CAGR+6.3%

Axcelis Tech Ord held $145.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
31M
YoY-5.1%
5Y CAGR-1.8%
10Y CAGR+0.6%

Axcelis Tech Ord had 31M shares outstanding in fiscal year 2025. This represents a decrease of 5.1% from the prior year.

Margins & Returns

Gross Margin
44.9%
YoY+0.2pp
5Y CAGR+3.1pp
10Y CAGR+6.8pp

Axcelis Tech Ord's gross margin was 44.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin
14.2%
YoY-6.5pp
5Y CAGR+2.0pp
10Y CAGR+6.5pp

Axcelis Tech Ord's operating margin was 14.2% in fiscal year 2025, reflecting core business profitability. This is down 6.5 percentage points from the prior year.

Net Margin
14.3%
YoY-5.4pp
5Y CAGR+3.8pp
10Y CAGR+8.8pp

Axcelis Tech Ord's net profit margin was 14.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.4 percentage points from the prior year.

Return on Equity
11.6%
YoY-8.2pp
5Y CAGR+1.2pp
10Y CAGR+3.6pp

Axcelis Tech Ord's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$109.0M
YoY+3.3%
5Y CAGR+12.0%
10Y CAGR+12.8%

Axcelis Tech Ord invested $109.0M in research and development in fiscal year 2025. This represents an increase of 3.3% from the prior year.

Share Buybacks
$121.1M
YoY+100.2%
5Y CAGR+74.4%

Axcelis Tech Ord spent $121.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 100.2% from the prior year.

Capital Expenditures
$11.3M
YoY-7.3%
5Y CAGR+8.7%
10Y CAGR+20.0%

Axcelis Tech Ord invested $11.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.3% from the prior year.

ACLS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $238.3M+11.6% $213.6M+9.8% $194.5M+1.0% $192.6M-23.7% $252.4M-1.6% $256.6M0.0% $256.5M+1.6% $252.4M
Cost of Revenue $126.4M+1.3% $124.8M+16.4% $107.2M+3.3% $103.8M-23.8% $136.2M-7.1% $146.6M+1.7% $144.1M+5.7% $136.3M
Gross Profit $111.9M+26.0% $88.8M+1.7% $87.3M-1.6% $88.8M-23.6% $116.2M+5.7% $110.0M-2.2% $112.4M-3.1% $116.1M
R&D Expenses $30.1M+22.3% $24.6M-9.0% $27.1M-0.2% $27.1M-1.9% $27.7M+4.8% $26.4M+2.4% $25.8M+0.5% $25.7M
SG&A Expenses $26.2M+12.5% $23.3M+42.9% $16.3M-6.0% $17.4M-0.7% $17.5M-12.0% $19.9M+19.7% $16.6M+1.1% $16.4M
Operating Income $36.2M+44.6% $25.0M-13.6% $29.0M-0.7% $29.2M-46.5% $54.5M+16.2% $46.9M-11.2% $52.8M-6.6% $56.5M
Interest Expense $1.3M+2.5% $1.3M-3.7% $1.4M-0.9% $1.4M-5.3% $1.4M+8.3% $1.3M-0.4% $1.3M-0.5% $1.3M
Income Tax $5.7M+37.4% $4.2M+15.0% $3.6M-19.6% $4.5M-48.2% $8.7M+28.0% $6.8M+6.1% $6.4M-13.6% $7.4M
Net Income $34.3M+32.0% $26.0M-17.2% $31.4M+9.8% $28.6M-42.8% $50.0M+2.8% $48.6M-4.5% $50.9M-1.4% $51.6M
EPS (Diluted) N/A $0.83-15.3% $0.98+11.4% $0.88 N/A $1.49-3.9% $1.55-1.3% $1.57

ACLS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.4B+0.7% $1.4B+2.1% $1.3B-1.3% $1.3B-0.6% $1.3B+0.8% $1.3B+3.9% $1.3B-1.4% $1.3B
Current Assets $943.2M-4.1% $984.0M-7.6% $1.1B-4.4% $1.1B-0.9% $1.1B+0.1% $1.1B+4.1% $1.1B-2.5% $1.1B
Cash & Equivalents $145.5M-22.4% $187.5M+8.0% $173.6M-5.6% $184.0M+48.9% $123.5M+2.9% $120.1M-17.3% $145.2M+8.4% $134.0M
Inventory $329.0M+1.4% $324.3M+4.4% $310.8M+5.0% $295.9M+4.8% $282.2M-3.0% $291.0M+2.8% $283.1M-9.3% $312.2M
Accounts Receivable $168.5M+14.1% $147.6M+6.3% $138.8M-15.8% $164.9M-18.8% $203.1M+10.7% $183.5M-2.4% $188.1M-9.8% $208.5M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $326.7M-1.5% $331.8M+10.2% $301.1M-3.9% $313.4M-6.7% $336.0M-7.3% $362.5M+2.6% $353.5M-12.7% $404.9M
Current Liabilities $197.7M-0.7% $199.0M+12.4% $177.1M-11.6% $200.4M-3.4% $207.5M-17.7% $252.3M+3.3% $244.2M-11.7% $276.6M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $1.0B+1.4% $1.0B-0.2% $1.0B-0.5% $1.0B+1.4% $1.0B+3.8% $975.6M+4.3% $934.9M+3.7% $901.7M
Retained Earnings $503.5M+3.0% $488.8M+0.3% $487.2M+0.3% $485.7M+3.3% $470.3M+8.8% $432.4M+9.0% $396.7M+10.7% $358.3M

ACLS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow -$6.6M-114.5% $45.4M+14.2% $39.7M-0.2% $39.8M+211.4% $12.8M-72.1% $45.7M+14.2% $40.1M-5.1% $42.2M
Capital Expenditures $2.3M+15.9% $2.0M+1.5% $2.0M-60.0% $5.0M+6.5% $4.7M+19.5% $3.9M+94.6% $2.0M+23.7% $1.6M
Free Cash Flow -$8.9M-120.5% $43.3M+14.8% $37.7M+8.3% $34.8M+328.9% $8.1M-80.6% $41.8M+9.9% $38.1M-6.3% $40.6M
Investing Cash Flow -$7.3M-630.3% $1.4M+129.9% -$4.6M-111.4% $40.5M+343.7% $9.1M+116.1% -$56.6M-909.3% -$5.6M+89.9% -$55.7M
Financing Cash Flow -$24.6M+24.9% -$32.8M+30.2% -$47.0M-133.6% -$20.1M-38.3% -$14.5M+9.1% -$16.0M+29.2% -$22.6M-25.2% -$18.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $25.2M-22.0% $32.3M-28.7% $45.3M+149.4% $18.2M+20.1% $15.1M-1.5% $15.4M+2.4% $15.0M0.0% $15.0M

ACLS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 47.0%+5.4pp 41.6%-3.3pp 44.9%-1.2pp 46.1%+0.1pp 46.0%+3.2pp 42.9%-1.0pp 43.8%-2.2pp 46.0%
Operating Margin 15.2%+3.5pp 11.7%-3.2pp 14.9%-0.3pp 15.1%-6.5pp 21.6%+3.3pp 18.3%-2.3pp 20.6%-1.8pp 22.4%
Net Margin 14.4%+2.2pp 12.2%-4.0pp 16.1%+1.3pp 14.8%-4.9pp 19.8%+0.9pp 18.9%-0.9pp 19.8%-0.6pp 20.4%
Return on Equity 3.3%+0.8pp 2.5%-0.5pp 3.1%+0.3pp 2.8%-2.1pp 4.9%-0.1pp 5.0%-0.5pp 5.4%-0.3pp 5.7%
Return on Assets 2.5%+0.6pp 1.9%-0.5pp 2.4%+0.2pp 2.1%-1.6pp 3.7%+0.1pp 3.6%-0.3pp 4.0%0.0pp 4.0%
Current Ratio 4.77-0.2 4.95-1.1 6.01+0.5 5.56+0.1 5.41+1.0 4.45+0.0 4.42+0.4 4.00
Debt-to-Equity 0.320.0 0.33+0.0 0.29-0.0 0.31-0.0 0.33-0.0 0.370.0 0.38-0.1 0.45
FCF Margin -3.7%-24.0pp 20.3%+0.9pp 19.4%+1.3pp 18.1%+14.9pp 3.2%-13.1pp 16.3%+1.5pp 14.8%-1.2pp 16.1%

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Frequently Asked Questions

Axcelis Tech Ord (ACLS) reported $839.0M in total revenue for fiscal year 2025. This represents a -17.6% 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.

Axcelis Tech Ord (ACLS) revenue declined by 17.6% year-over-year, from $1.0B to $839.0M in fiscal year 2025.

Yes, Axcelis Tech Ord (ACLS) reported a net income of $120.2M in fiscal year 2025, with a net profit margin of 14.3%.

Axcelis Tech Ord (ACLS) reported diluted earnings per share of $3.80 for fiscal year 2025. This represents a -38.2% 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.

Axcelis Tech Ord (ACLS) had EBITDA of $136.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Axcelis Tech Ord (ACLS) had a gross margin of 44.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Axcelis Tech Ord (ACLS) had an operating margin of 14.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Axcelis Tech Ord (ACLS) had a net profit margin of 14.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Axcelis Tech Ord (ACLS) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Axcelis Tech Ord (ACLS) generated $107.0M in free cash flow during fiscal year 2025. This represents a -16.8% 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.

Axcelis Tech Ord (ACLS) generated $118.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Axcelis Tech Ord (ACLS) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Axcelis Tech Ord (ACLS) invested $11.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Axcelis Tech Ord (ACLS) invested $109.0M in research and development during fiscal year 2025.

Yes, Axcelis Tech Ord (ACLS) spent $121.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Axcelis Tech Ord (ACLS) had 31M shares outstanding as of fiscal year 2025.

Axcelis Tech Ord (ACLS) had a current ratio of 4.77 as of fiscal year 2025, which is generally considered healthy.

Axcelis Tech Ord (ACLS) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Axcelis Tech Ord (ACLS) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Axcelis Tech Ord (ACLS) has an Altman Z-Score of 7.45, 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.

Axcelis Tech Ord (ACLS) has a Piotroski F-Score of 4 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.

Axcelis Tech Ord (ACLS) has an earnings quality ratio of 0.98x, 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.

Axcelis Tech Ord (ACLS) has an interest coverage ratio of 22.2x, 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.

Axcelis Tech Ord (ACLS) scores 57 out of 100 on our Financial Profile, indicating moderate 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.

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