Amtech Systems, Inc.
ASYS Technology Semiconductor Equipment & Materials
Amtech Systems, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $79.4 million, down 21.6% from fiscal 2024. In the quarter to June 2026, revenue grew 14.5%, EPS grew 1,386.5%, free cash flow fell 47.8% and total debt fell 15.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow ASYS
Amtech Systems, Inc. (ASYS) Piotroski F-score
Amtech Systems, Inc.'s Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | (4.00) |
| FY2024 | 6 | 5.00 |
| FY2023 | 1 | (5.00) |
| FY2022 | 6 | 2.00 |
| FY2021 | 4 | 1.00 |
| FY2020 | 3 | (3.00) |
| FY2019 | 6 | 2.00 |
| FY2018 | 4 | (2.00) |
| FY2017 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (28.58%) | (6.62%) | Fail | 0 |
| Positive operating cash flow | 7.88m | 9.84m | Pass | 1 |
| Rising return on assets | (28.58%) | (6.62%) | Fail | 0 |
| Cash flow above net income | 38.20m | 18.33m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Fail | 0 |
| Rising current ratio | 2.94 | 3.20 | Fail | 0 |
| No new shares issued | 14,302,000 | 14,208,000 | Fail | 0 |
| Rising gross margin | 34.00% | 35.80% | Fail | 0 |
| Rising asset turnover | 0.75 | 0.79 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| PLAB Photronics, Inc. compare | 6 |
| TRT Trio-Tech International compare | 5 |
| COHU Cohu, Inc. compare | 5 |
| ICHR Ichor Holdings, Ltd. compare | 4 |
| UCTT Ultra Clean Holdings, Inc. compare | 4 |
| INTT inTest Corporation compare | 4 |
| AEHR Aehr Test Systems compare | 3 |
| ASYS Amtech Systems, Inc. | 2 |
| ATOM Atomera Incorporated compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover