NASDAQ : ACLS
Axcelis Technologies, Inc. — Financial statements
Technology · Semiconductor Equipment & Materials · United States
Last price 100.07 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.09B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Axcelis Technologies, Inc. (ACLS) reported revenue of 866.07M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 866.07M | 839.05M | 1.02B | 1.13B | 920.00M | 662.43M |
| Cost of Revenue | 493.56M | 462.20M | 563.21M | 639.30M | 518.21M | 375.98M |
| Gross Profit | 372.51M | 376.85M | 454.65M | 491.30M | 401.79M | 286.44M |
| Selling, General & Admin | 171.49M | 149.21M | 138.99M | 129.19M | 111.39M | 94.12M |
| Research & Development | 111.60M | 108.32M | 104.88M | 96.32M | 78.03M | 65.00M |
| Operating Expenses | 283.08M | 257.53M | 243.86M | 225.51M | 189.43M | 159.12M |
| Operating Income | 89.42M | 119.31M | 210.79M | 265.80M | 212.36M | 127.33M |
| Interest Expense | -5.20M | -5.36M | -5.46M | -5.35M | -5.58M | -4.83M |
| Interest & Investment Income | 19.44M | 21.48M | 24.40M | 18.20M | 4.55M | 209.00K |
| Currency Exchange Gain (Loss) | -4.70M | -2.40M | -500.00K | -6.60M | ||
| Other Non Operating Income (Expenses) | 7.18M | 5.21M | 539.00K | 452.00K | 149.00K | -2.27M |
| EBT Excluding Unusual Items | 106.14M | 138.25M | 230.27M | 278.60M | 204.88M | 120.43M |
| Pretax Income | 106.14M | 138.25M | 230.27M | 278.60M | 204.88M | 120.43M |
| Income Tax Expense | 13.35M | 18.01M | 29.28M | 32.34M | 21.81M | 21.78M |
| Net Income | 92.79M | 120.24M | 200.99M | 246.26M | 183.08M | 98.65M |
| Net Income to Common | 92.79M | 120.24M | 200.99M | 246.26M | 183.08M | 98.65M |
| Shares Outstanding (Basic) | 30.93M | 31.57M | 32.55M | 32.76M | 33.04M | 33.55M |
| Shares Outstanding (Diluted) | 31.16M | 31.67M | 32.70M | 33.16M | 33.54M | 34.27M |
| EPS (Basic) | 3.00 | 3.81 | 6.17 | 7.52 | 5.54 | 2.94 |
| EPS (Diluted) | 2.98 | 3.80 | 6.15 | 7.43 | 5.46 | 2.88 |
| Free Cash Flow | 65.55M | 107.01M | 128.64M | 136.21M | 204.92M | 141.47M |
| Free Cash Flow Per Share | 2.10 | 3.38 | 3.93 | 4.11 | 6.11 | 4.13 |
| Gross Margin | 43.01% | 44.91% | 44.67% | 43.45% | 43.67% | 43.24% |
| Operating Margin | 10.32% | 14.22% | 20.71% | 23.51% | 23.08% | 19.22% |
| Profit Margin | 10.71% | 14.33% | 19.75% | 21.78% | 19.90% | 14.89% |
| Free Cash Flow Margin | 7.57% | 12.75% | 12.64% | 12.05% | 22.27% | 21.36% |
| EBITDA | 99.39M | 129.23M | 219.80M | 273.26M | 218.77M | 132.84M |
| EBITDA Margin | 11.47% | 15.40% | 21.59% | 24.17% | 23.78% | 20.05% |
| D&A For EBITDA | 9.96M | 9.91M | 9.01M | 7.47M | 6.41M | 5.52M |
| EBIT | 89.42M | 119.31M | 210.79M | 265.80M | 212.36M | 127.33M |
| EBIT Margin | 10.32% | 14.22% | 20.71% | 23.51% | 23.08% | 19.22% |
| Effective Tax Rate | 12.58% | 13.03% | 12.72% | 11.61% | 10.64% | 18.08% |
| Revenue as Reported | 866.07M | 839.05M | 1.02B | 1.13B | 920.00M | 662.43M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 155.00M | 145.45M | 123.51M | 167.30M | 185.59M | 294.92M |
| Short-Term Investments | 247.22M | 228.80M | 447.83M | 338.85M | 246.57M | |
| Cash & Short-Term Investments | 402.22M | 374.25M | 571.34M | 506.15M | 432.17M | 294.92M |
| Receivables | 154.15M | 168.48M | 203.15M | 217.96M | 169.77M | 104.41M |
| Inventory | 338.17M | 329.01M | 282.23M | 306.48M | 242.41M | 194.98M |
| Prepaid Expenses | 80.37M | 66.80M | 60.47M | 49.40M | 33.30M | 24.93M |
| Other Current Assets | 4.86M | 4.66M | 6.42M | |||
| Total Current Assets | 979.77M | 943.20M | 1.12B | 1.08B | 877.64M | 619.25M |
| Property, Plant & Equipment | 99.11M | 99.23M | 98.75M | 101.32M | 69.75M | 63.45M |
| Long-Term Investments | 174.83M | 182.40M | ||||
| Long-Term Deferred Tax Assets | 78.81M | 79.89M | 68.28M | 53.43M | 31.70M | 35.45M |
| Long-Term Deferred Charges | 39.92M | 45.17M | 36.92M | 30.24M | 32.00M | |
| Other Long-Term Assets | 54.32M | 16.71M | 12.97M | 10.31M | 4.30M | 3.08M |
| Total Assets | 1.39B | 1.36B | 1.35B | 1.28B | 1.01B | 753.24M |
| Accounts Payable | 58.81M | 42.31M | 46.93M | 54.40M | 62.35M | 38.02M |
| Accrued Expenses | 20.01M | 34.23M | 25.54M | 31.45M | 35.54M | 30.73M |
| Current Portion of Leases | 6.39M | 6.43M | 5.82M | 6.49M | 6.60M | 5.70M |
| Current Income Taxes Payable | 2.83M | 11.38M | 6.16M | 4.30M | 887.00K | |
| Current Unearned Revenue | 81.68M | 65.49M | 94.67M | 164.68M | 123.47M | 60.45M |
| Other Current Liabilities | 30.39M | 37.81M | 34.57M | 21.95M | 15.88M | 14.35M |
| Total Current Liabilities | 200.10M | 197.66M | 207.52M | 285.13M | 248.13M | 150.14M |
| Long-Term Leases | 63.42M | 65.37M | 67.65M | 69.40M | 52.12M | 50.77M |
| Long-Term Unearned Revenue | 36.86M | 43.45M | 43.50M | 46.21M | 31.31M | 7.98M |
| Other Long-Term Liabilities | 20.63M | 20.20M | 17.32M | 16.35M | 14.83M | 5.39M |
| Total Liabilities | 321.02M | 326.67M | 335.99M | 417.08M | 346.38M | 214.28M |
| Common Stock | 31.00K | 31.00K | 32.00K | 33.00K | 33.00K | 33.00K |
| Additional Paid-In Capital | 536.15M | 533.31M | 548.65M | 547.19M | 550.30M | 559.88M |
| Retained Earnings | 536.04M | 503.54M | 470.32M | 319.51M | 118.89M | -22.72M |
| Comprehensive Income & Other | -6.41M | -2.20M | -6.21M | -1.85M | -1.97M | 1.76M |
| Shareholders' Equity | 1.07B | 1.03B | 1.01B | 864.88M | 667.26M | 538.96M |
| Total Liabilities & Equity | 1.39B | 1.36B | 1.35B | 1.28B | 1.01B | 753.24M |
| Total Debt | 69.81M | 71.80M | 73.47M | 75.89M | 58.71M | 56.47M |
| Net Cash (Debt) | 332.41M | 302.45M | 497.88M | 430.26M | 373.45M | 238.46M |
| Net Cash Per Share | 10.67 | 9.55 | 15.22 | 12.97 | 11.13 | 6.96 |
| Filing Date Shares Outstanding | 30.88M | 30.72M | 32.15M | 32.63M | 32.71M | 33.25M |
| Total Common Shares Outstanding | 30.88M | 30.72M | 32.37M | 32.69M | 32.77M | 33.24M |
| Working Capital | 779.67M | 745.54M | 916.09M | 794.86M | 629.51M | 469.11M |
| Book Value Per Share | 34.51 | 33.68 | 31.29 | 26.46 | 20.36 | 16.21 |
| Tangible Book Value | 1.07B | 1.03B | 1.01B | 864.88M | 667.26M | 538.96M |
| Tangible Book Value Per Share | 34.51 | 33.68 | 31.29 | 26.46 | 20.36 | 16.21 |
| Land | 31.05M | 25.81M | 21.80M | 18.00M | 15.88M | |
| Machinery | 49.17M | 45.48M | 41.55M | 34.73M | 34.31M | |
| Construction In Progress | 13.17M | 13.60M | 17.05M | 10.19M | 6.85M | |
| Order Backlog | 457.00M | 645.80M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 92.79M | 120.24M | 200.99M | 246.26M | 183.08M | 98.65M |
| Depreciation & Amortization | 9.96M | 9.91M | 9.01M | 7.47M | 6.41M | 5.52M |
| Other Amortization | 7.70M | 7.70M | 6.80M | 5.60M | 5.20M | 5.30M |
| Loss (Gain) From Sale of Investments | -2.93M | -4.15M | -12.44M | -12.08M | ||
| Stock-Based Compensation | 21.77M | 20.77M | 20.95M | 18.27M | 13.44M | 12.07M |
| Provision & Write-off of Bad Debts | 65.00K | 2.99M | 1.13M | |||
| Other Operating Activities | 7.58M | -5.31M | -2.08M | -12.55M | 19.09M | 24.01M |
| Change in Accounts Receivable | -17.57M | 37.43M | 6.91M | -50.76M | -67.27M | -18.15M |
| Change in Inventory | -42.15M | -42.22M | 5.92M | -69.96M | -58.43M | -39.02M |
| Change in Accounts Payable | 29.16M | 6.19M | -413.00K | -8.10M | 31.39M | 22.05M |
| Change in Unearned Revenue | -9.13M | -29.65M | -71.10M | 56.18M | 86.37M | 45.38M |
| Change in Income Taxes | 2.62M | 13.12M | -9.03M | 3.79M | 3.49M | 253.00K |
| Change in Other Net Operating Assets | -24.57M | -15.73M | -17.68M | -28.38M | -7.16M | -5.87M |
| Operating Cash Flow | 75.30M | 118.31M | 140.82M | 156.87M | 215.61M | 150.19M |
| Capital Expenditures | -9.74M | -11.29M | -12.18M | -20.66M | -10.68M | -8.72M |
| Investment in Securities | -12.92M | 41.22M | -96.55M | -80.20M | -246.57M | |
| Investing Cash Flow | -22.66M | 29.93M | -108.73M | -100.86M | -257.25M | -8.72M |
| Long-Term Debt Repaid | -1.36M | -1.52M | -1.24M | -987.00K | -763.00K | |
| Net Debt Issued (Repaid) | -1.45M | -1.36M | -1.52M | -1.24M | -987.00K | -763.00K |
| Issuance of Common Stock | 2.52M | 2.46M | 2.38M | 2.08M | 2.91M | 4.87M |
| Repurchase of Common Stock | -57.81M | -121.08M | -60.49M | -52.50M | -57.49M | -49.99M |
| Other Financing Activities | -9.90M | -4.51M | -11.56M | -16.61M | -9.91M | -6.56M |
| Financing Cash Flow | -66.64M | -124.49M | -71.19M | -68.27M | -65.48M | -52.45M |
| Foreign Exchange Rate Adjustments | -1.64M | 1.27M | -3.79M | -139.00K | -2.21M | 2.43M |
| Net Cash Flow | -15.65M | 25.01M | -42.89M | -12.40M | -109.33M | 91.45M |
| Free Cash Flow | 65.55M | 107.01M | 128.64M | 136.21M | 204.92M | 141.47M |
| Free Cash Flow Margin | 7.57% | 12.75% | 12.64% | 12.05% | 22.27% | 21.36% |
| Free Cash Flow Per Share | 2.10 | 3.38 | 3.93 | 4.11 | 6.11 | 4.13 |
| Levered Free Cash Flow | 42.03M | 71.15M | 97.56M | 82.20M | 119.54M | 97.06M |
| Unlevered Free Cash Flow | 45.28M | 74.50M | 100.97M | 85.54M | 123.03M | 100.08M |
| Cash Interest Paid | 4.57M | 4.57M | 4.73M | 4.87M | 4.99M | 5.09M |
| Cash Income Tax Paid | 15.65M | 15.65M | 54.83M | 59.28M | 10.76M | 1.50M |
| Change in Working Capital | -61.65M | -30.86M | -85.40M | -97.23M | -11.61M | 4.64M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.09B | 2.47B | 2.27B | 4.25B | 2.61B | 2.48B |
| Enterprise Value | 2.76B | 2.09B | 1.77B | 3.86B | 2.32B | 2.27B |
| Last Close Price | 100.07 | 80.34 | 69.87 | 129.69 | 79.36 | 74.56 |
| PE Ratio | 33.55 | 20.51 | 11.30 | 17.25 | 14.24 | 25.18 |
| Forward PE | 20.71 | 18.03 | 14.85 | 16.36 | 16.21 | 19.95 |
| PS Ratio | 3.57 | 2.94 | 2.23 | 3.76 | 2.83 | 3.75 |
| PB Ratio | 2.90 | 2.38 | 2.24 | 4.91 | 3.91 | 4.61 |
| P/TBV Ratio | 2.90 | 2.38 | 2.24 | 4.91 | 3.91 | 4.61 |
| P/FCF Ratio | 47.14 | 23.05 | 17.66 | 31.18 | 12.72 | 17.56 |
| P/OCF Ratio | 41.04 | 20.85 | 16.13 | 27.07 | 12.09 | 16.54 |
| PEG Ratio | 2.14 | 3.92 | 1.92 | 0.90 | 0.81 | 1.00 |
| EV/Sales Ratio | 3.18 | 2.49 | 1.74 | 3.42 | 2.52 | 3.42 |
| EV/EBITDA Ratio | 27.75 | 16.17 | 8.04 | 14.13 | 10.62 | 17.07 |
| EV/EBIT Ratio | 30.84 | 17.51 | 8.38 | 14.53 | 10.94 | 17.82 |
| EV/FCF Ratio | 42.07 | 19.53 | 13.73 | 28.36 | 11.34 | 16.03 |
| Debt / Equity Ratio | 0.07 | 0.07 | 0.07 | 0.09 | 0.09 | 0.10 |
| Debt / EBITDA Ratio | 0.63 | 0.51 | 0.32 | 0.27 | 0.26 | 0.40 |
| Debt / FCF Ratio | 1.06 | 0.67 | 0.57 | 0.56 | 0.29 | 0.40 |
| Net Debt / Equity Ratio | -0.31 | -0.29 | -0.49 | -0.50 | -0.56 | -0.44 |
| Net Debt / EBITDA Ratio | -3.35 | -2.34 | -2.27 | -1.57 | -1.71 | -1.79 |
| Net Debt / FCF Ratio | -5.07 | -2.83 | -3.87 | -3.16 | -1.82 | -1.69 |
| Asset Turnover | 0.64 | 0.62 | 0.77 | 0.98 | 1.04 | 0.96 |
| Inventory Turnover | 1.52 | 1.51 | 1.91 | 2.33 | 2.37 | 2.11 |
| Quick Ratio | 2.78 | 2.75 | 3.73 | 2.54 | 2.43 | 2.66 |
| Current Ratio | 4.90 | 4.77 | 5.41 | 3.79 | 3.54 | 4.12 |
| Return on Equity (ROE) | 8.89% | 11.74% | 21.41% | 32.15% | 30.36% | 19.33% |
| Return on Assets (ROA) | 4.12% | 5.50% | 10.02% | 14.47% | 15.02% | 11.55% |
| Return on Invested Capital (ROIC) | 10.55% | 16.64% | 38.75% | 64.51% | 63.86% | 33.04% |
| Return on Capital Employed (ROCE) | 7.50% | 10.30% | 18.50% | 26.70% | 27.70% | 21.10% |
| Earnings Yield | 2.98% | 4.88% | 8.85% | 5.80% | 7.02% | 3.97% |
| FCF Yield | 2.12% | 4.34% | 5.66% | 3.21% | 7.86% | 5.70% |
| Buyback Yield / Dilution | 3.63% | 3.17% | 1.39% | 1.12% | 2.12% | -0.41% |