AXT Inc

AXTI Technology Semiconductor Equipment & Materials

AXT Inc’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, down 11.1% from fiscal 2024.

Revenue
+162.6%
EPS
+1,265.3%
Free cash flow
+173.3%
Total debt
+17.7%

Quarter to September 2026, against a year earlier

38.09 1.37 +3.73%
Market cap
$2.4B
P/E
70.3×
Fwd P/E
49.2×
Dividend yield
—
F-score
3/9
Altman Z
3.40
Beneish M
−2.10
Dividend safety
n/a

AXT Inc (AXTI) Return on invested capital

Alert me on Return on invested capital

AXT Inc's return on invested capital over the twelve months to 30 September 2026 was 4.55%, up 10.5 percentage points from fiscal 2025 (−5.95%). Over the past ten years it has ranged from −5.95% (fiscal 2025) to 6.37% (fiscal 2017) — the current reading is the lowest in ten years. That is below the Semiconductor Equipment & Materials industry median of 6.36% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 −5.95% (1.92)
FY2024 −4.03% 1.88
FY2023 −5.91% (9.16)
FY2022 3.25% (0.74)
FY2021 3.99% 2.30
FY2020 1.69% 1.81
FY2019 −0.12% (4.99)
FY2018 4.87% (1.50)
FY2017 6.37% 1.90
FY2016 4.47% 7.49

Against its own ten years

Low −5.95% High 6.37%
Ten-year median 1.69%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
KLIC Kulicke and Soffa Industries, Inc. compare 19.8%
ACLS Axcelis Technologies, Inc. compare 8.43%
ACMR ACM Research, Inc. compare 6.70%
UCTT Ultra Clean Holdings, Inc. compare 5.60%
AXTI AXT Inc 4.55%
VECO Veeco Instruments Inc. compare 2.05%
IPGP IPG Photonics Corporation compare 1.06%
COHU Cohu, Inc. compare −1.45%
AMBA Ambarella, Inc. compare −11.2%
Semiconductor Equipment & Materials industry median 6.36%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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