Saturday 17 October 2026
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Axcelis Technologies, Inc.
ACLS Technology Semiconductor Equipment & Materials
Axcelis Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $839.0 million, down 17.6% from fiscal 2024. In the quarter to June 2026, revenue grew 10.6%, EPS fell 23.2%, free cash flow fell 60.7% and total debt fell 4.14%, each against the same quarter a year earlier.
108.35
6.76
−5.87%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.03 | 11.32 | 16.59 | 14.09 | 25.36 | 19.41 | 45.47 | 12.54 | 7.31 | 37.24 |
Piotroski F-Score |
5 | 6 | 6 | 8 | 7 | 7 | 4 | 6 | 5 | 2 |
P/S ratio |
3.02 | 2.23 | 3.61 | 2.81 | 3.78 | 2.04 | 2.29 | 1.30 | 2.22 | 1.55 |
Altman Z-Score |
6.74 | 6.64 | 8.77 | 7.05 | 9.15 | 5.67 | 4.74 | 3.91 | 5.17 | 2.82 |
P/FCF ratio |
23.70 | 17.68 | 29.99 | 12.61 | 17.68 | 15.51 | 0.00 | 13.60 | 18.61 | 0.00 |
Altman Z″-Score (non-manufacturers) |
8.71 | 9.81 | 8.45 | 7.89 | 7.76 | 7.74 | 6.56 | 6.59 | 5.55 | 3.08 |
Beneish M-Score |
(2.30) | (2.32) | (0.44) | (2.25) | (2.77) | (2.60) | (2.02) | (2.54) | (0.74) | (2.03) |
P/Operating CF |
(386.27) | 177.97 | 62.30 | 21.11 | 65.65 | (162.38) | (59.22) | 19.32 | 57.14 | 97.78 |
P/B ratio |
2.45 | 2.25 | 4.72 | 3.87 | 4.64 | 2.01 | 1.87 | 1.41 | 2.58 | 2.05 |
Price to Tangible BV |
2.45 | 2.25 | 4.72 | 3.87 | 4.64 | 2.01 | 1.87 | 1.41 | 2.58 | 2.05 |
EV/Sales |
2.64 | 1.73 | 3.22 | 2.40 | 3.42 | 1.74 | 2.06 | 1.04 | 1.96 | 1.39 |
EV/EBITDA |
16.70 | 8.22 | 13.64 | 9.87 | 16.42 | 12.16 | 22.05 | 6.98 | 15.25 | 17.74 |
EV/Operating CF |
18.75 | 12.50 | 23.19 | 10.26 | 15.10 | 11.86 | (52.04) | 9.77 | 14.32 | (42.16) |
EV/FCF |
20.72 | 13.68 | 26.71 | 10.79 | 16.03 | 13.24 | (27.68) | 10.86 | 16.45 | (33.61) |
Quick Ratio |
2.75 | 3.73 | 2.54 | 2.43 | 2.66 | 3.44 | 3.26 | 3.02 | 2.64 | 2.54 |
Current Ratio |
4.77 | 5.41 | 3.79 | 3.54 | 4.12 | 5.58 | 5.47 | 4.67 | 4.29 | 5.04 |
Net Debt/EBITDA |
(2.51) | (2.47) | (1.73) | (1.73) | (1.80) | (2.30) | (2.86) | (1.98) | (1.64) | (1.11) |
Debt/Assets |
2.99% | 3.14% | 3.41% | 4.46% | 6.16% | 7.59% | 8.78% | 8.71% | 9.77% | 15.74% |
Debt/Equity |
0.04 | 0.04 | 0.05 | 0.07 | 0.09 | 0.10 | 0.11 | 0.12 | 0.13 | 0.24 |
Asset Turnover |
0.62 | 0.77 | 0.99 | 1.04 | 0.96 | 0.81 | 0.63 | 0.85 | 1.04 | 0.91 |
Operating CF/Net income |
0.98 | 0.70 | 0.64 | 1.18 | 1.52 | 1.39 | (0.80) | 1.02 | 0.44 | (0.80) |
Capex/Depreciation |
(0.84) | (3.61) | (20.82) | (0.92) | (0.81) | (0.73) | (1.52) | (0.82) | (1.46) | (0.53) |
Interest Coverage |
22.24 | 38.59 | 49.71 | 38.08 | 26.33 | 11.14 | 4.70 | 11.73 | 9.34 | 3.28 |
| 11.75% | 21.41% | 32.15% | 30.36% | 19.33% | 11.09% | 4.12% | 12.04% | 45.75% | 5.71% | |
| 8.87% | 15.28% | 21.46% | 20.72% | 14.32% | 8.52% | 3.11% | 8.85% | 32.12% | 3.77% | |
ROIC |
10.64% | 27.23% | 41.28% | 47.36% | 27.40% | 11.14% | 4.62% | 13.48% | 11.19% | 5.83% |
Return on Tangible Assets |
15.00% | 20.72% | 29.01% | 27.36% | 19.57% | 12.01% | 5.13% | 13.00% | 42.80% | 4.91% |
Average Days of Receivables |
73.29 | 72.85 | 70.37 | 67.36 | 57.53 | 66.81 | 89.14 | 64.93 | 66.95 | 69.14 |
Research and Development Expense of Revenue |
12.99% | 10.36% | 8.57% | 8.52% | 9.88% | 13.03% | 15.73% | 11.72% | 10.49% | 12.89% |
Selling, General and Administrative Expense of Revenue |
17.71% | 13.59% | 11.37% | 12.07% | 14.14% | 16.59% | 19.25% | 15.32% | 14.45% | 18.09% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
2.48% | 2.06% | 1.62% | 1.46% | 1.82% | 2.21% | 2.38% | 1.76% | 1.38% | 1.94% |
Graham Net Nets |
0.24 | 0.35 | 0.16 | 0.21 | 0.16 | 0.34 | 0.31 | 0.45 | 0.22 | 0.34 |
Graham Number |
53.07 | 65.72 | 66.84 | 50.22 | 32.60 | 22.11 | 12.39 | 20.10 | 32.27 | 7.68 |
Earnings Yield |
4.75% | 8.83% | 6.03% | 7.10% | 3.94% | 5.15% | 2.20% | 7.98% | 13.67% | 2.69% |
Free Cash Flow Yield |
4.22% | 5.66% | 3.33% | 7.93% | 5.65% | 6.45% | (3.26%) | 7.35% | 5.37% | (2.67%) |
Revenue per Share |
26.57 | 31.27 | 34.51 | 27.84 | 19.74 | 14.27 | 10.53 | 13.71 | 13.30 | 9.14 |
Operating CF per Share |
3.75 | 4.33 | 4.79 | 6.53 | 4.48 | 2.10 | (0.42) | 1.45 | 1.82 | (0.30) |
Capex per Share |
(0.36) | (0.37) | (0.63) | (0.32) | (0.26) | (0.22) | (0.37) | (0.15) | (0.24) | (0.08) |
Free Cash Flow per Share |
3.39 | 3.95 | 4.16 | 6.20 | 4.22 | 1.88 | (0.79) | 1.31 | 1.59 | (0.38) |
Cash per Share |
11.85 | 17.55 | 15.45 | 13.08 | 8.79 | 6.12 | 4.30 | 5.51 | 4.35 | 2.42 |
Shareholders Equity per Share |
32.77 | 31.11 | 26.40 | 20.19 | 16.06 | 14.48 | 12.88 | 12.65 | 11.46 | 6.90 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
32.77 | 31.11 | 26.40 | 20.19 | 16.06 | 14.48 | 12.88 | 12.65 | 11.46 | 6.90 |
Free Cash Flow |
107.01 | 128.64 | 136.21 | 204.92 | 141.47 | 62.44 | (25.56) | 42.25 | 49.00 | (11.02) |
Working Capital |
745.54 | 916.09 | 794.86 | 629.51 | 469.11 | 386.36 | 307.02 | 311.77 | 260.49 | 193.00 |
Capital Expenditures |
(11.29) | (12.18) | (20.66) | (10.68) | (8.72) | (7.27) | (11.97) | (4.71) | (7.28) | (2.24) |
Net Current Asset Value |
616.53 | 787.62 | 662.91 | 531.26 | 404.97 | 327.77 | 247.01 | 256.67 | 205.17 | 139.95 |
EV/EBIT |
18.59 | 8.35 | 13.69 | 10.41 | 17.81 | 14.25 | 29.23 | 7.66 | 16.85 | 22.29 |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | 0.02 | 0.01 |
Price to Operating Income |
21.26 | 10.79 | 15.37 | 12.17 | 19.65 | 16.69 | 32.42 | 9.58 | 19.06 | 24.85 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.24 | 0.06 | 0.02 | 0.29 | 0.31 | 0.33 | 0.31 | 0.14 | 0.14 | 0.14 |
Cash ROIC |
7.38% | 7.91% | 9.63% | 17.90% | 16.07% | 8.52% | (4.21%) | 6.66% | 9.15% | (3.45%) |
Accounts Receivable Turnover |
4.52 | 4.83 | 5.83 | 6.71 | 6.93 | 5.56 | 4.22 | 5.75 | 6.52 | 6.11 |
Accounts Payable Turnover |
10.36 | 11.12 | 10.95 | 10.33 | 12.12 | 11.18 | 6.49 | 7.67 | 9.03 | 7.46 |
Inventory Turnover |
1.51 | 1.91 | 2.33 | 2.37 | 2.11 | 1.83 | 1.48 | 2.11 | 2.22 | 1.50 |
Average Days of Payables |
33.41 | 30.41 | 31.06 | 43.91 | 36.91 | 31.76 | 46.53 | 49.91 | 45.77 | 54.51 |
Days of Inventory on Hand |
259.82 | 182.90 | 174.98 | 170.74 | 189.29 | 213.04 | 257.70 | 179.07 | 169.02 | 248.27 |
Average Receivables |
185.81 | 210.56 | 193.87 | 137.09 | 95.64 | 85.31 | 81.24 | 77.01 | 62.94 | 43.72 |
Average Payables |
44.62 | 50.66 | 58.37 | 50.19 | 31.02 | 24.68 | 30.65 | 34.30 | 28.82 | 22.42 |
Average Inventory |
305.62 | 294.35 | 274.44 | 218.70 | 178.03 | 150.72 | 134.68 | 124.77 | 117.20 | 111.63 |
Average Assets |
1,355.07 | 1,315.37 | 1,147.80 | 883.44 | 688.93 | 586.36 | 548.27 | 518.33 | 395.22 | 292.01 |
Average Common Equity |
1,023.73 | 938.84 | 766.07 | 603.11 | 510.28 | 450.51 | 413.88 | 380.97 | 277.53 | 192.61 |
Columns are period end dates