Axcelis Technologies (ACLS) Financials

$47.17 -0.31 (-0.65%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$46.64 -0.53 (-1.12%)

As of 04/15/2025 07:21 PM Eastern

Annual Income Statements for Axcelis Technologies

This table shows Axcelis Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-11	15	210	127	46	17	50	99	183	246	201
Consolidated Net Income / (Loss)	-11	15	11	127	46	17	50	99	183	246	201
Net Income / (Loss) Continuing Operations	-11	15	210	127	46	17	50	99	183	246	201
Total Pre-Tax Income	-10	15	11	44	55	21	56	120	205	279	230
Total Operating Income	-11	21	17	48	60	24	58	127	212	266	211
Total Gross Profit	70	102	199	150	180	144	199	286	402	491	455
Total Revenue	203	301	534	411	443	343	475	662	920	1,131	1,018
Operating Revenue	203	301	534	411	443	343	475	662	920	1,131	1,018
Total Cost of Revenue	133	200	335	260	263	199	276	376	518	639	563
Operating Cost of Revenue	133	200	335	260	263	199	-	376	518	639	563
Total Operating Expenses	81	81	-17	102	120	120	141	159	189	226	244
Selling, General & Admin Expense	24	25	24	31	33	32	40	46	57	66	70
Marketing Expense	21	23	24	29	35	34	39	48	54	63	68
Research & Development Expense	34	33	34	43	52	54	62	65	78	97	105
Total Other Income / (Expense), net	0.49	-5.51	-5.60	-4.01	-5.25	-3.28	-2.16	-6.90	-7.48	13	19
Interest Expense	1.07	4.98	5.07	5.12	5.11	5.16	5.21	4.84	5.58	5.35	5.46
Interest & Investment Income	0.03	0.06	0.24	0.71	2.33	2.96	0.74	0.21	4.55	18	24
Other Income / (Expense), net	1.53	-0.60	-0.76	0.40	-2.47	-1.08	2.32	-2.27	-6.45	-0.05	0.54
Income Tax Expense	1.10	0.53	0.02	-83	8.82	3.89	5.90	22	22	32	29
Basic Earnings per Share	($0.40)	$0.51	$0.38	$4.11	$1.42	$0.52	$1.50	$2.94	$5.54	$7.52	$6.17
Weighted Average Basic Shares Outstanding	27.86M	28.60M	29.20M	30.87M	32.29M	32.56M	33.26M	33.56M	33.04M	32.76M	32.55M
Diluted Earnings per Share	($0.40)	$0.49	$0.36	$3.80	$1.35	$0.50	$1.46	$2.88	$5.46	$7.43	$6.15
Weighted Average Diluted Shares Outstanding	27.86M	30.23M	30.95M	33.44M	34.00M	33.83M	34.13M	34.27M	33.54M	33.17M	32.70M
Weighted Average Basic & Diluted Shares Outstanding	112.70M	28.80M	29M	30.90M	32.74M	33.09M	33.73M	33.25M	32.71M	32.63M	32.15M

This table shows Axcelis Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	40	57	48	62	66	71	52	51	49	50
Consolidated Net Income / (Loss)	40	57	48	62	66	71	52	51	49	50
Net Income / (Loss) Continuing Operations	40	57	48	62	66	71	52	51	49	50
Total Pre-Tax Income	45	66	53	65	74	87	59	57	55	59
Total Operating Income	53	56	51	64	72	79	57	53	47	55
Total Gross Profit	103	110	104	120	130	138	116	112	110	116
Total Revenue	229	266	254	274	292	310	252	257	257	252
Operating Revenue	229	266	254	274	292	310	252	257	257	252
Total Cost of Revenue	126	157	150	154	163	172	136	144	147	136
Operating Cost of Revenue	126	-	150	154	163	172	136	144	147	136
Total Operating Expenses	50	53	53	56	58	59	60	60	63	62
Selling, General & Admin Expense	15	16	15	16	17	17	16	17	20	17
Marketing Expense	15	15	14	16	16	17	17	17	17	17
Research & Development Expense	21	22	24	24	24	25	26	26	26	28
Total Other Income / (Expense), net	-8.19	9.71	1.55	0.91	2.00	8.36	2.46	4.46	8.45	4.11
Interest Expense	1.33	1.48	1.35	1.35	1.33	1.32	1.35	1.34	1.33	1.44
Interest & Investment Income	1.11	2.99	3.94	4.31	4.58	5.38	5.52	6.05	6.56	6.28
Other Income / (Expense), net	-7.97	8.19	-1.04	-2.05	-1.26	4.30	-1.71	-0.26	3.23	-0.72
Income Tax Expense	4.73	8.80	5.21	3.04	7.74	16	7.40	6.40	6.79	8.69
Basic Earnings per Share	$1.22	$1.73	$1.46	$1.88	$2.01	$2.17	$1.58	$1.56	$1.49	$1.54
Weighted Average Basic Shares Outstanding	33.01M	33.04M	32.74M	32.78M	32.81M	32.76M	32.64M	32.60M	32.55M	32.55M
Diluted Earnings per Share	$1.21	$1.71	$1.43	$1.86	$1.99	$2.15	$1.57	$1.55	$1.49	$1.54
Weighted Average Diluted Shares Outstanding	33.39M	33.54M	33.29M	33.19M	33.16M	33.17M	32.93M	32.77M	32.68M	32.70M
Weighted Average Basic & Diluted Shares Outstanding	32.85M	32.71M	32.71M	32.82M	32.75M	32.63M	32.53M	32.62M	32.51M	32.15M

This table details how cash moves in and out of Axcelis Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-16	54	-8.17	63	44	-38	58	91	-109	-12	-43
Net Cash From Operating Activities	-16	18	-8.79	56	47	-14	70	150	216	157	141
Net Cash From Continuing Operating Activities	-16	18	-8.79	56	47	-14	70	150	216	157	141
Net Income / (Loss) Continuing Operations	-11	15	11	127	46	17	50	99	183	246	201
Consolidated Net Income / (Loss)	-11	15	11	127	46	17	50	99	183	246	201
Depreciation Expense	4.59	4.87	4.26	5.00	5.77	7.88	9.94	11	12	13	16
Amortization Expense	-	-	-	-	-	-	-	0.00	0.00	-12	-12
Non-Cash Adjustments To Reconcile Net Income	6.63	7.30	6.09	14	9.99	12	14	16	24	27	38
Changes in Operating Assets and Liabilities, net	-16	-8.58	-30	-89	-15	-50	-4.23	25	-3.07	-117	-101
Net Cash From Investing Activities	-0.90	-1.83	-2.24	-7.29	-4.72	-12	-7.27	-8.72	-257	-101	-109
Net Cash From Continuing Investing Activities	-0.90	-1.83	-2.24	-7.29	-4.72	-12	-7.27	-8.72	-257	-101	-109
Purchase of Property, Plant & Equipment	-0.90	-1.83	-2.51	-7.29	-4.72	-12	-7.43	-8.72	-11	-21	-12
Purchase of Investments	-	-	-	-	-	-	0.00	0.00	-247	-389	-539
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	309	443
Net Cash From Financing Activities	2.76	38	2.35	15	1.19	-13	-2.39	-52	-65	-68	-71
Net Cash From Continuing Financing Activities	2.76	38	2.35	15	1.19	-13	-2.39	-52	-65	-68	-71
Repurchase of Common Equity	-	-	-	-	0.00	-18	-7.50	-50	-57	-52	-60
Issuance of Common Equity	0.45	0.44	0.28	0.74	0.87	0.86	1.01	1.18	1.66	2.06	2.39
Other Financing Activities, net	2.90	3.53	2.23	14	0.32	3.47	4.11	-3.64	-9.65	-18	-13
Effect of Exchange Rate Changes	-1.35	0.29	0.51	-0.84	0.59	0.60	-2.35	2.43	-2.21	-0.14	-3.79
Cash Interest Paid	0.83	3.99	4.82	5.32	5.47	5.21	5.16	5.09	4.99	4.87	4.73
Cash Income Taxes Paid	0.93	0.67	0.53	0.58	0.86	1.03	0.88	1.50	11	54	61

This table details how cash moves in and out of Axcelis Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	21	-123	-15	-32	9.79	25	-33	11	-25	4.35
Net Cash From Operating Activities	64	122	35	33	24	66	42	40	46	13
Net Cash From Continuing Operating Activities	64	122	35	33	24	66	42	40	46	13
Net Income / (Loss) Continuing Operations	40	57	48	62	66	71	52	51	49	50
Consolidated Net Income / (Loss)	40	57	48	62	66	71	52	51	49	50
Depreciation Expense	2.89	2.99	3.10	3.16	3.23	3.58	3.78	3.86	3.91	4.27
Amortization Expense	-	-	-2.84	-2.91	-2.71	-3.61	-3.31	-3.32	-3.54	-2.27
Non-Cash Adjustments To Reconcile Net Income	4.79	11	5.61	11	9.02	1.68	12	12	-4.48	18
Changes in Operating Assets and Liabilities, net	16	51	-19	-40	-51	-7.13	-22	-23	1.29	-57
Net Cash From Investing Activities	-37	-217	-33	-40	-0.94	-27	-56	-5.60	-57	9.12
Net Cash From Continuing Investing Activities	-37	-217	-33	-40	-0.94	-27	-56	-5.60	-57	9.12
Purchase of Property, Plant & Equipment	-3.52	-3.81	-2.24	-2.96	-5.30	-10	-1.62	-2.00	-3.90	-4.66
Purchase of Investments	-34	-213	-62	-127	-83	-117	-145	-104	-185	-105
Sale and/or Maturity of Investments	-	-	31	90	87	101	91	100	132	119
Net Cash From Financing Activities	-12	-12	-17	-23	-13	-15	-18	-23	-16	-15
Net Cash From Continuing Financing Activities	-12	-12	-17	-23	-13	-15	-18	-23	-16	-15
Repurchase of Common Equity	-12	-13	-12	-13	-12	-15	-15	-15	-15	-15
Issuance of Common Equity	-	0.95	-	-	-	1.10	-	-	-	1.14
Other Financing Activities, net	0.04	-0.79	-4.17	-12	-0.67	-1.12	-3.06	-8.85	-0.63	-0.56
Effect of Exchange Rate Changes	6.93	-16	-0.06	-1.09	-0.12	1.13	-1.81	-0.66	1.70	-3.01

This table presents Axcelis Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	228	282	302	488	548	548	625	753	1,014	1,282	1,349
Total Current Assets	185	230	241	340	397	376	471	619	878	1,080	1,124
Cash & Equivalents	31	79	71	133	178	140	203	295	186	167	124
Short-Term Investments	-	-	-	-	-	-	-	0.00	247	339	448
Accounts Receivable	43	37	51	75	79	84	87	104	170	218	203
Inventories, net	104	109	114	121	129	140	161	195	242	306	282
Prepaid Expenses	6.70	4.79	5.51	9.77	11	12	19	25	33	49	60
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	0.00	6.42
Plant, Property, & Equipment, net	30	30	31	36	41	25	30	35	40	54	54
Total Noncurrent Assets	12	22	31	112	111	147	124	99	96	148	171
Noncurrent Note & Lease Receivables	-	-	-	-	-	22	21	19	18	17	15
Noncurrent Deferred & Refundable Income Taxes	-	-	1.06	83	72	68	58	35	32	53	68
Other Noncurrent Operating Assets	12	15	23	22	32	50	45	44	46	71	80
Other Noncurrent Nonoperating Assets	-	6.94	6.86	6.72	6.91	6.65	0.75	0.76	0.75	6.65	7.55
Total Liabilities & Shareholders' Equity	228	282	302	488	548	548	625	753	1,014	1,282	1,349
Total Liabilities	59	98	101	135	140	129	143	214	346	417	336
Total Current Liabilities	52	44	48	79	85	69	84	150	248	285	208
Accounts Payable	22	20	25	33	36	25	24	38	62	54	47
Accrued Expenses	1.35	3.36	2.43	4.11	4.82	2.76	4.28	6.42	8.30	14	13
Current Deferred Revenue	6.78	7.86	10	16	20	25	21	60	123	165	95
Current Deferred & Payable Income Tax Liabilities	0.20	0.14	0.24	0.27	0.46	0.29	0.65	0.89	4.30	6.16	0.00
Current Employee Benefit Liabilities	4.23	9.06	5.14	21	19	7.63	25	31	36	31	26
Other Current Liabilities	3.40	4.09	4.59	5.12	5.03	8.04	9.70	14	14	14	27
Total Noncurrent Liabilities	7.20	54	53	55	55	60	59	64	98	132	128
Capital Lease Obligations	-	-	-	-	-	48	47	-	45	44	42
Noncurrent Deferred Revenue	0.45	0.68	0.67	1.96	3.07	4.65	1.84	7.98	31	46	44
Other Noncurrent Operating Liabilities	6.76	53	52	53	52	7.20	9.36	56	22	42	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	168	184	201	354	408	419	482	539	667	865	1,013
Total Preferred & Common Equity	168	184	201	354	408	419	482	539	667	865	1,013
Total Common Equity	168	184	201	354	408	419	482	539	667	865	1,013
Common Stock	519	529	535	556	565	560	570	560	550	547	549
Retained Earnings	-351	-343	-332	-205	-157	-140	-92	-23	119	320	470
Accumulated Other Comprehensive Income / (Loss)	1.28	-1.43	-2.28	2.18	0.45	-0.26	3.44	1.77	-1.97	-1.85	-6.21

This table presents Axcelis Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	906	1,080	1,122	1,202	1,307	1,288	1,338
Total Current Assets	775	934	950	1,015	1,105	1,078	1,122
Cash & Equivalents	309	164	133	142	134	145	120
Short-Term Investments	34	280	320	319	396	403	459
Accounts Receivable	174	190	159	192	209	188	184
Inventories, net	227	262	300	312	312	283	291
Prepaid Expenses	33	38	38	49	55	55	57
Current Deferred & Refundable Income Taxes	-	-	-	-	-	4.11	11
Plant, Property, & Equipment, net	39	41	43	47	53	52	54
Total Noncurrent Assets	92	104	128	139	148	158	162
Noncurrent Note & Lease Receivables	18	18	17	17	16	16	16
Noncurrent Deferred & Refundable Income Taxes	28	35	39	44	55	55	59
Other Noncurrent Operating Assets	45	45	65	72	71	80	80
Other Noncurrent Nonoperating Assets	0.75	6.65	6.65	6.65	6.65	6.65	6.65
Total Liabilities & Shareholders' Equity	906	1,080	1,122	1,202	1,307	1,288	1,338
Total Liabilities	291	378	378	401	405	353	363
Total Current Liabilities	208	268	248	261	277	244	252
Accounts Payable	54	60	61	60	40	46	54
Accrued Expenses	8.48	9.60	11	11	14	15	15
Current Deferred Revenue	101	157	139	148	165	148	139
Current Deferred & Payable Income Tax Liabilities	0.54	13	6.60	0.58	27	0.00	0.00
Current Employee Benefit Liabilities	29	14	17	27	16	16	23
Other Current Liabilities	15	14	14	14	14	19	22
Total Noncurrent Liabilities	84	110	129	140	128	109	110
Capital Lease Obligations	46	-	44	44	43	43	43
Noncurrent Deferred Revenue	21	45	44	54	44	26	25
Other Noncurrent Operating Liabilities	17	65	41	42	41	41	42
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	615	702	744	801	902	935	976
Total Preferred & Common Equity	615	702	744	801	902	935	976
Total Common Equity	615	702	744	801	902	935	976
Common Stock	550	548	540	544	547	543	545
Retained Earnings	71	156	207	262	358	397	432
Accumulated Other Comprehensive Income / (Loss)	-5.77	-1.92	-2.93	-4.16	-3.57	-4.48	-2.22

This table displays calculated financial ratios and metrics derived from Axcelis Technologies' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.79%	48.48%	77.10%	-23.11%	7.80%	-22.51%	38.37%	39.59%	38.88%	22.89%	-9.97%
EBITDA Growth	57.22%	650.23%	-19.49%	164.65%	18.82%	-50.99%	126.75%	93.28%	60.09%	22.63%	-19.51%
EBIT Growth	41.81%	320.34%	-21.17%	204.17%	19.17%	-59.78%	161.05%	107.18%	64.66%	29.06%	-20.48%
NOPAT Growth	27.07%	368.00%	-17.06%	735.39%	-63.71%	-60.81%	163.41%	100.93%	81.94%	23.81%	-21.69%
Net Income Growth	34.29%	230.29%	-25.05%	1,054.07%	-63.86%	-62.88%	193.42%	97.37%	85.58%	34.51%	-18.38%
EPS Growth	34.29%	230.29%	-26.53%	955.56%	-64.47%	-62.96%	192.00%	97.26%	89.58%	36.08%	-17.23%
Operating Cash Flow Growth	-6.67%	213.85%	-148.11%	740.46%	-16.56%	-128.95%	612.75%	115.47%	43.56%	-27.24%	-10.23%
Free Cash Flow Firm Growth	-13.28%	593.05%	-112.64%	635.41%	-20.26%	-296.78%	161.86%	285.54%	-17.37%	-22.67%	-12.80%
Invested Capital Growth	5.15%	-35.27%	26.41%	71.83%	5.03%	43.68%	1.16%	-25.09%	14.90%	41.58%	20.33%
Revenue Q/Q Growth	1.99%	2.70%	99.18%	-42.77%	20.79%	-17.40%	23.01%	14.42%	7.02%	4.07%	-5.38%
EBITDA Q/Q Growth	-0.11%	7.72%	16.85%	12.44%	-0.14%	12.13%	3.85%	29.54%	9.02%	6.40%	-11.36%
EBIT Q/Q Growth	-0.29%	9.09%	24.27%	13.42%	-0.69%	12.78%	3.98%	32.61%	9.48%	7.73%	-12.26%
NOPAT Q/Q Growth	-6.08%	11.14%	26.54%	211.46%	-64.08%	2.65%	9.06%	27.08%	6.56%	7.08%	-8.80%
Net Income Q/Q Growth	-4.15%	4.72%	39.93%	223.51%	-64.46%	7.91%	11.02%	27.17%	13.13%	6.06%	-9.50%
EPS Q/Q Growth	-4.15%	4.72%	33.33%	-61.38%	-26.63%	6.38%	10.61%	27.43%	13.99%	6.29%	-9.02%
Operating Cash Flow Q/Q Growth	10.59%	80.31%	-22.58%	26.35%	41.54%	-146.24%	11.67%	41.53%	64.17%	-26.59%	-27.27%
Free Cash Flow Firm Q/Q Growth	22.53%	24.37%	-123.60%	37.08%	22.85%	-619.15%	2,223.28%	103.93%	4.39%	-25.60%	-29.54%
Invested Capital Q/Q Growth	1.43%	-9.47%	-1.31%	59.09%	-7.47%	30.68%	9.89%	-15.09%	-11.97%	4.87%	10.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.55%	33.73%	37.31%	36.60%	40.59%	42.03%	41.85%	43.24%	43.67%	43.45%	44.67%
EBITDA Margin	-2.24%	8.29%	3.77%	12.97%	14.29%	9.04%	14.81%	20.51%	23.64%	23.59%	21.09%
Operating Margin	-5.25%	6.87%	3.11%	11.65%	13.55%	7.06%	12.23%	19.22%	23.08%	23.51%	20.71%
EBIT Margin	-4.50%	6.67%	2.97%	11.75%	12.99%	6.74%	12.72%	18.88%	22.38%	23.50%	20.76%
Profit (Net Income) Margin	-5.55%	4.87%	2.06%	30.92%	10.37%	4.97%	10.53%	14.89%	19.90%	21.78%	19.75%
Tax Burden Percent	110.81%	96.53%	99.79%	289.66%	83.88%	81.42%	89.44%	81.92%	89.36%	88.39%	87.28%
Interest Burden Percent	111.36%	75.58%	69.51%	90.86%	95.16%	90.49%	92.59%	96.30%	99.50%	104.84%	108.96%
Effective Tax Rate	0.00%	3.47%	0.21%	-189.66%	16.12%	18.58%	10.56%	18.08%	10.64%	11.61%	12.72%
Return on Invested Capital (ROIC)	-5.06%	16.05%	14.96%	82.36%	23.06%	7.24%	16.08%	36.72%	72.59%	69.58%	42.20%
ROIC Less NNEP Spread (ROIC-NNEP)	10.42%	26.40%	21.80%	92.99%	25.77%	9.13%	17.59%	39.22%	74.55%	66.94%	38.82%
Return on Net Nonoperating Assets (RNNOA)	-1.49%	-7.71%	-9.25%	-36.61%	-11.02%	-3.12%	-4.98%	-17.39%	-42.24%	-37.44%	-20.79%
Return on Equity (ROE)	-6.54%	8.34%	5.71%	45.75%	12.04%	4.12%	11.09%	19.33%	30.36%	32.15%	21.41%
Cash Return on Invested Capital (CROIC)	-10.08%	58.87%	-8.36%	29.51%	18.15%	-28.61%	14.92%	65.41%	58.73%	35.16%	23.74%
Operating Return on Assets (OROA)	-3.96%	7.90%	5.43%	12.21%	11.09%	4.22%	10.29%	18.15%	23.31%	23.15%	16.07%
Return on Assets (ROA)	-4.89%	5.76%	3.77%	32.12%	8.85%	3.11%	8.52%	14.32%	20.72%	21.46%	15.28%
Return on Common Equity (ROCE)	-6.54%	8.34%	5.71%	45.75%	12.04%	4.12%	11.09%	19.33%	30.36%	32.15%	21.41%
Return on Equity Simple (ROE_SIMPLE)	-6.69%	7.99%	5.46%	35.90%	11.24%	4.06%	10.38%	18.30%	27.44%	28.47%	19.85%
Net Operating Profit after Tax (NOPAT)	-7.46	20	17	139	50	20	52	104	190	235	184
NOPAT Margin	-3.68%	6.63%	3.11%	33.75%	11.36%	5.75%	10.94%	15.75%	20.63%	20.78%	18.08%
Net Nonoperating Expense Percent (NNEP)	-15.47%	-10.35%	-6.84%	-10.63%	-2.71%	-1.89%	-1.51%	-2.50%	-1.96%	2.64%	3.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	26.64%	25.86%	17.44%
Cost of Revenue to Revenue	65.45%	66.27%	62.69%	63.40%	59.41%	57.97%	58.15%	56.76%	56.33%	56.55%	55.33%
SG&A Expenses to Revenue	11.80%	8.31%	4.58%	7.50%	7.50%	9.25%	8.42%	6.97%	6.25%	5.82%	6.91%
R&D to Revenue	16.51%	10.81%	6.44%	10.49%	11.72%	15.73%	13.03%	9.88%	8.52%	8.57%	10.36%
Operating Expenses to Revenue	39.81%	26.86%	-3.11%	24.94%	27.04%	34.97%	29.62%	24.02%	20.59%	19.95%	23.96%
Earnings before Interest and Taxes (EBIT)	-9.13	20	16	48	57	23	60	125	206	266	211
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.54	25	20	53	63	31	70	136	218	267	215
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.70	1.63	2.12	2.55	1.41	1.86	2.03	4.61	3.91	4.91	2.24
Price to Tangible Book Value (P/TBV)	1.70	1.63	2.12	2.55	1.41	1.86	2.03	4.61	3.91	4.91	2.24
Price to Revenue (P/Rev)	1.41	0.99	0.80	2.20	1.30	2.28	2.06	3.75	2.83	3.76	2.23
Price to Earnings (P/E)	0.00	20.42	2.03	7.10	12.57	45.86	19.52	25.18	14.24	17.25	11.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.90%	49.19%	14.08%	7.95%	2.18%	5.12%	3.97%	7.02%	5.80%	8.85%
Enterprise Value to Invested Capital (EV/IC)	1.78	2.25	2.88	3.61	1.79	2.15	2.52	9.00	7.94	9.56	3.66
Enterprise Value to Revenue (EV/Rev)	1.33	0.73	0.67	1.87	0.90	2.01	1.73	3.30	2.41	3.35	1.71
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.84	17.72	14.41	6.31	22.24	11.65	16.11	10.21	14.19	8.11
Enterprise Value to EBIT (EV/EBIT)	0.00	10.98	22.48	15.91	6.94	29.82	13.57	17.50	10.78	14.24	8.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	11.04	21.49	5.54	7.93	34.99	15.78	20.99	11.70	16.11	9.47
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	12.09	0.00	13.63	8.49	0.00	11.75	14.57	10.30	24.13	12.37
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.01	0.00	15.46	10.08	0.00	17.00	11.78	14.46	31.88	16.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.00	0.00	0.00	0.00	0.11	0.10	0.00	0.07	0.05	0.04
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.11	0.10	0.00	0.07	0.05	0.04
Financial Leverage	-0.14	-0.29	-0.42	-0.39	-0.43	-0.34	-0.28	-0.44	-0.57	-0.56	-0.54
Leverage Ratio	1.34	1.45	1.52	1.42	1.36	1.32	1.30	1.35	1.46	1.50	1.40
Compound Leverage Factor	1.49	1.09	1.05	1.29	1.29	1.20	1.21	1.30	1.46	1.57	1.53
Debt to Total Capital	7.95%	0.00%	0.00%	0.00%	0.00%	10.30%	8.96%	0.00%	6.34%	4.81%	4.01%
Short-Term Debt to Total Capital	7.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	10.30%	8.96%	0.00%	6.34%	4.81%	4.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.06%	100.00%	100.00%	100.00%	100.00%	89.70%	91.04%	100.00%	93.66%	95.19%	95.99%
Debt to EBITDA	-3.20	0.00	0.00	0.00	0.00	1.55	0.67	0.00	0.21	0.16	0.20
Net Debt to EBITDA	3.75	0.00	0.00	0.00	0.00	-2.96	-2.22	0.00	-1.78	-1.73	-2.46
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	1.55	0.67	0.00	0.21	0.16	0.20
Debt to NOPAT	-1.95	0.00	0.00	0.00	0.00	2.44	0.91	0.00	0.24	0.19	0.23
Net Debt to NOPAT	2.28	0.00	0.00	0.00	0.00	-4.65	-3.01	0.00	-2.04	-1.97	-2.88
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	2.44	0.91	0.00	0.24	0.19	0.23
Altman Z-Score	2.20	2.23	3.71	5.24	3.90	4.72	5.71	9.09	7.00	8.77	6.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.55	5.18	5.04	4.29	4.67	5.47	5.58	4.12	3.54	3.79	5.41
Quick Ratio	1.41	2.61	2.54	2.63	3.02	3.26	3.44	2.66	2.43	2.54	3.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-15	73	-9.27	50	40	-78	48	186	154	119	104
Operating Cash Flow to CapEx	-1,790.74%	998.20%	-393.02%	772.60%	996.08%	-113.58%	959.30%	1,722.76%	2,018.23%	759.44%	1,156.05%
Free Cash Flow to Firm to Interest Expense	-13.92	14.74	-1.83	9.69	7.75	-15.11	9.25	38.42	27.53	22.20	18.95
Operating Cash Flow to Interest Expense	-15.01	3.67	-1.73	10.99	9.19	-2.64	13.38	31.06	38.67	29.34	25.78
Operating Cash Flow Less CapEx to Interest Expense	-15.85	3.30	-2.17	9.57	8.27	-4.96	11.98	29.26	36.75	25.47	23.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	1.18	1.83	1.04	0.85	0.63	0.81	0.96	1.04	0.99	0.77
Accounts Receivable Turnover	5.12	7.57	12.21	6.52	5.75	4.22	5.56	6.93	6.71	5.83	4.83
Inventory Turnover	1.33	1.87	3.00	2.22	2.11	1.48	1.83	2.11	2.37	2.33	1.91
Fixed Asset Turnover	6.50	9.97	17.54	12.25	11.45	10.32	17.20	20.44	24.65	24.15	18.89
Accounts Payable Turnover	6.47	9.64	14.93	9.03	7.67	6.49	11.18	12.12	10.33	10.95	11.12
Days Sales Outstanding (DSO)	71.35	48.22	29.89	55.95	63.52	86.46	65.61	52.70	54.39	62.59	75.50
Days Inventory Outstanding (DIO)	274.47	195.00	121.71	164.33	173.20	247.27	199.34	172.83	154.04	156.69	190.76
Days Payable Outstanding (DPO)	56.38	37.87	24.45	40.41	47.61	56.27	32.64	30.11	35.35	33.33	32.83
Cash Conversion Cycle (CCC)	289.43	205.35	127.15	179.87	189.11	277.46	232.32	195.41	173.08	185.95	233.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	151	98	124	213	223	321	325	243	280	396	476
Invested Capital Turnover	1.38	2.42	4.82	2.44	2.03	1.26	1.47	2.33	3.52	3.35	2.33
Increase / (Decrease) in Invested Capital	7.42	-53	26	89	11	98	3.72	-81	36	116	80
Enterprise Value (EV)	270	221	357	767	399	689	819	2,189	2,220	3,785	1,742
Market Capitalization	287	300	427	902	577	781	975	2,484	2,607	4,247	2,271
Book Value per Share	$1.50	$1.59	$6.86	$11.26	$12.60	$12.94	$14.38	$16.18	$20.31	$26.41	$31.16
Tangible Book Value per Share	$1.50	$1.59	$6.86	$11.26	$12.60	$12.94	$14.38	$16.18	$20.31	$26.41	$31.16
Total Capital	183	184	201	354	408	468	529	539	712	909	1,055
Total Debt	15	0.00	0.00	0.00	0.00	48	47	0.00	45	44	42
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	48	47	0.00	45	44	42
Net Debt	-17	-79	-71	-134	-178	-92	-156	-295	-387	-462	-529
Capital Expenditures (CapEx)	0.90	1.83	2.24	7.29	4.72	12	7.27	8.72	11	21	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	116	107	122	126	134	167	183	174	197	289	345
Debt-free Net Working Capital (DFNWC)	148	186	193	260	312	307	386	469	630	795	916
Net Working Capital (NWC)	133	186	193	260	312	307	386	469	630	795	916
Net Nonoperating Expense (NNE)	3.80	5.32	5.59	12	4.41	2.67	1.93	5.65	6.68	-11	-17
Net Nonoperating Obligations (NNO)	-17	-86	-78	-141	-185	-98	-157	-296	-388	-469	-537
Total Depreciation and Amortization (D&A)	4.59	4.87	4.26	5.00	5.77	7.88	9.94	11	12	0.99	3.37
Debt-free, Cash-free Net Working Capital to Revenue	57.12%	35.39%	22.89%	30.77%	30.23%	48.73%	38.54%	26.29%	21.45%	25.54%	33.87%
Debt-free Net Working Capital to Revenue	72.67%	61.56%	36.14%	63.45%	70.45%	89.52%	81.41%	70.82%	68.43%	70.30%	90.00%
Net Working Capital to Revenue	65.52%	61.56%	36.14%	63.45%	70.45%	89.52%	81.41%	70.82%	68.43%	70.30%	90.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.60)	$2.08	$0.38	$4.11	$1.42	$0.52	$1.50	$2.94	$5.54	$0.00	$6.17
Adjusted Weighted Average Basic Shares Outstanding	6.97M	7.15M	29.20M	30.87M	32.29M	32.56M	33.26M	33.56M	33.04M	0.00	32.55M
Adjusted Diluted Earnings per Share	($1.60)	$1.92	$0.36	$3.80	$1.35	$0.50	$1.46	$2.88	$5.46	$0.00	$6.15
Adjusted Weighted Average Diluted Shares Outstanding	6.97M	7.56M	30.95M	33.44M	34.00M	33.83M	34.13M	34.27M	33.54M	0.00	32.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.09M	7.26M	29.92M	32.13M	32.74M	33.09M	33.73M	33.25M	32.71M	0.00	32.15M
Normalized Net Operating Profit after Tax (NOPAT)	-5.63	20	17	33	50	20	52	104	190	235	184
Normalized NOPAT Margin	-2.77%	6.64%	3.16%	8.16%	11.36%	5.75%	10.94%	15.75%	20.63%	20.78%	18.08%
Pre Tax Income Margin	-5.01%	5.04%	2.06%	10.68%	12.36%	6.10%	11.78%	18.18%	22.27%	24.64%	22.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.54	4.04	3.13	9.42	11.25	4.49	11.58	25.86	36.93	49.70	38.69
NOPAT to Interest Expense	-6.98	4.02	3.27	27.06	9.84	3.82	9.96	21.57	34.03	43.94	33.69
EBIT Less CapEx to Interest Expense	-9.38	3.68	2.69	8.00	10.33	2.16	10.19	24.06	35.01	45.84	36.46
NOPAT Less CapEx to Interest Expense	-7.82	3.65	2.83	25.64	8.92	1.50	8.57	19.77	32.12	40.08	31.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	104.17%	15.01%	50.68%	31.40%	21.32%	30.10%

This table displays calculated financial ratios and metrics derived from Axcelis Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.70%	29.35%	24.77%	23.87%	27.56%	16.63%	-0.65%	-6.37%	-12.23%	-18.65%
EBITDA Growth	26.34%	36.54%	0.85%	19.11%	47.42%	23.85%	9.33%	-14.23%	-28.81%	-33.01%
EBIT Growth	27.66%	38.40%	6.37%	25.59%	55.69%	29.67%	8.96%	-14.77%	-28.80%	-35.44%
NOPAT Growth	62.68%	32.06%	4.36%	22.30%	34.72%	32.27%	6.78%	-22.74%	-35.83%	-27.72%
Net Income Growth	46.40%	59.43%	14.62%	39.35%	63.67%	24.68%	8.17%	-17.40%	-26.32%	-29.70%
EPS Growth	49.38%	64.42%	17.21%	40.91%	64.46%	25.73%	9.79%	-16.67%	-25.13%	-28.37%
Operating Cash Flow Growth	-3.26%	221.14%	34.11%	847.71%	-62.47%	-46.42%	22.18%	22.47%	90.46%	-80.51%
Free Cash Flow Firm Growth	-56.64%	-89.57%	61.03%	202.00%	-74.19%	-521.08%	-204.81%	-161.52%	-418.82%	34.54%
Invested Capital Growth	10.82%	14.90%	-18.55%	-4.60%	18.85%	41.58%	62.99%	28.58%	14.53%	20.33%
Revenue Q/Q Growth	3.62%	16.09%	-4.52%	7.85%	6.70%	6.14%	-18.67%	1.64%	0.02%	-1.62%
EBITDA Q/Q Growth	-7.41%	39.80%	-24.81%	22.39%	14.60%	17.45%	-33.63%	-3.98%	-4.89%	10.52%
EBIT Q/Q Growth	-7.87%	42.11%	-21.72%	22.53%	14.21%	18.36%	-34.22%	-4.15%	-4.60%	7.33%
NOPAT Q/Q Growth	-4.08%	2.04%	-4.70%	31.12%	5.65%	0.18%	-23.06%	-5.13%	-12.25%	12.85%
Net Income Q/Q Growth	-8.84%	41.48%	-16.31%	29.10%	7.07%	7.77%	-27.39%	-1.41%	-4.50%	2.84%
EPS Q/Q Growth	-8.33%	41.32%	-16.37%	30.07%	6.99%	8.04%	-26.98%	-1.27%	-3.87%	3.36%
Operating Cash Flow Q/Q Growth	1,754.03%	91.22%	-71.76%	-5.34%	-26.58%	173.00%	-35.61%	-5.11%	14.18%	-72.06%
Free Cash Flow Firm Q/Q Growth	-34.51%	-25.67%	737.32%	-25.91%	-94.40%	-1,312.59%	-108.43%	56.51%	70.99%	-148.97%
Invested Capital Q/Q Growth	-7.92%	-11.97%	-10.39%	31.34%	14.71%	4.87%	3.15%	3.62%	2.18%	10.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.08%	41.17%	40.95%	43.69%	44.36%	44.44%	45.98%	43.82%	42.86%	46.04%
EBITDA Margin	21.00%	25.29%	19.91%	22.59%	24.27%	26.85%	21.91%	20.70%	19.68%	22.11%
Operating Margin	23.21%	21.08%	20.22%	23.25%	24.52%	25.48%	22.40%	20.59%	18.29%	21.60%
EBIT Margin	19.74%	24.16%	19.81%	22.51%	24.09%	26.86%	21.73%	20.49%	19.54%	21.32%
Profit (Net Income) Margin	17.58%	21.42%	18.78%	22.48%	22.55%	22.90%	20.44%	19.83%	18.93%	19.79%
Tax Burden Percent	89.50%	86.62%	90.16%	95.30%	89.49%	81.29%	87.45%	88.83%	87.74%	85.18%
Interest Burden Percent	99.51%	102.36%	105.13%	104.80%	104.62%	104.87%	107.61%	108.97%	110.43%	108.98%
Effective Tax Rate	10.50%	13.38%	9.84%	4.70%	10.51%	18.71%	12.55%	11.17%	12.26%	14.82%
Return on Invested Capital (ROIC)	59.14%	64.27%	63.41%	67.30%	68.61%	69.35%	67.16%	54.06%	42.63%	42.96%
ROIC Less NNEP Spread (ROIC-NNEP)	61.94%	61.81%	63.01%	67.04%	68.11%	67.77%	66.70%	53.21%	41.10%	42.27%
Return on Net Nonoperating Assets (RNNOA)	-28.73%	-35.02%	-35.13%	-33.10%	-34.68%	-37.90%	-39.30%	-29.38%	-22.37%	-22.64%
Return on Equity (ROE)	30.41%	29.25%	28.27%	34.20%	33.93%	31.45%	27.85%	24.68%	20.26%	20.32%
Cash Return on Invested Capital (CROIC)	48.69%	58.73%	89.17%	64.95%	45.92%	35.16%	24.40%	34.72%	36.30%	23.74%
Operating Return on Assets (OROA)	20.98%	25.16%	20.65%	23.82%	24.83%	26.46%	20.56%	18.90%	16.55%	16.50%
Return on Assets (ROA)	18.69%	22.31%	19.57%	23.79%	23.25%	22.56%	19.34%	18.29%	16.04%	15.31%
Return on Common Equity (ROCE)	30.41%	29.25%	28.27%	34.20%	33.93%	31.45%	27.85%	24.68%	20.26%	20.32%
Return on Equity Simple (ROE_SIMPLE)	26.32%	0.00%	26.95%	27.76%	28.99%	0.00%	27.74%	25.61%	22.76%	0.00%
Net Operating Profit after Tax (NOPAT)	48	49	46	61	64	64	49	47	41	46
NOPAT Margin	20.78%	18.26%	18.23%	22.16%	21.94%	20.71%	19.59%	18.29%	16.04%	18.40%
Net Nonoperating Expense Percent (NNEP)	-2.81%	2.46%	0.40%	0.26%	0.50%	1.59%	0.46%	0.85%	1.53%	0.70%
Return On Investment Capital (ROIC_SIMPLE)	-	6.82%	-	-	-	7.07%	-	-	-	4.40%
Cost of Revenue to Revenue	54.92%	58.83%	59.05%	56.31%	55.64%	55.56%	54.02%	56.18%	57.14%	53.96%
SG&A Expenses to Revenue	6.54%	6.13%	5.80%	5.96%	5.97%	5.57%	6.50%	6.46%	7.74%	6.92%
R&D to Revenue	8.97%	8.30%	9.36%	8.81%	8.24%	8.03%	10.17%	10.05%	10.29%	10.96%
Operating Expenses to Revenue	21.87%	20.08%	20.73%	20.44%	19.84%	18.96%	23.58%	23.23%	24.58%	24.44%
Earnings before Interest and Taxes (EBIT)	45	64	50	62	70	83	55	53	50	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	67	51	62	71	83	55	53	51	56
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.25	3.91	6.21	8.06	6.68	4.91	0.00	4.95	3.51	2.24
Price to Tangible Book Value (P/TBV)	3.25	3.91	6.21	8.06	6.68	4.91	0.00	4.95	3.51	2.24
Price to Revenue (P/Rev)	2.33	2.83	4.49	5.86	4.93	3.76	0.00	4.16	3.18	2.23
Price to Earnings (P/E)	12.36	14.24	23.04	29.03	23.04	17.25	0.00	19.32	15.40	11.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.09%	7.02%	4.34%	3.44%	4.34%	5.80%	0.00%	5.18%	6.49%	8.85%
Enterprise Value to Invested Capital (EV/IC)	5.37	7.94	15.63	16.99	13.07	9.56	0.00	9.74	6.67	3.66
Enterprise Value to Revenue (EV/Rev)	1.98	2.41	4.03	5.46	4.54	3.35	0.00	3.71	2.68	1.71
Enterprise Value to EBITDA (EV/EBITDA)	8.54	10.21	17.96	24.52	19.68	14.19	0.00	15.69	11.90	8.11
Enterprise Value to EBIT (EV/EBIT)	9.06	10.78	18.74	25.23	20.00	14.24	0.00	15.78	11.97	8.24
Enterprise Value to NOPAT (EV/NOPAT)	9.57	11.70	20.42	27.53	22.49	16.11	0.00	18.35	14.29	9.47
Enterprise Value to Operating Cash Flow (EV/OCF)	12.97	10.30	17.44	22.03	23.09	24.13	0.00	23.97	14.89	12.37
Enterprise Value to Free Cash Flow (EV/FCFF)	11.59	14.46	15.73	25.54	30.92	31.88	0.00	31.57	19.62	16.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.07	0.00	0.06	0.06	0.05	0.05	0.05	0.04	0.04
Long-Term Debt to Equity	0.07	0.07	0.00	0.06	0.06	0.05	0.05	0.05	0.04	0.04
Financial Leverage	-0.46	-0.57	-0.56	-0.49	-0.51	-0.56	-0.59	-0.55	-0.54	-0.54
Leverage Ratio	1.44	1.46	1.48	1.45	1.49	1.50	1.49	1.44	1.43	1.40
Compound Leverage Factor	1.43	1.50	1.55	1.52	1.56	1.57	1.60	1.56	1.58	1.53
Debt to Total Capital	6.89%	6.34%	0.00%	5.64%	5.22%	4.81%	4.58%	4.40%	4.19%	4.01%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.89%	6.34%	0.00%	5.64%	5.22%	4.81%	4.58%	4.40%	4.19%	4.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.11%	93.66%	100.00%	94.36%	94.78%	95.19%	95.42%	95.60%	95.81%	95.99%
Debt to EBITDA	0.23	0.21	0.00	0.20	0.18	0.16	0.16	0.16	0.18	0.20
Net Debt to EBITDA	-1.49	-1.78	0.00	-1.79	-1.66	-1.73	-1.79	-1.92	-2.22	-2.46
Long-Term Debt to EBITDA	0.23	0.21	0.00	0.20	0.18	0.16	0.16	0.16	0.18	0.20
Debt to NOPAT	0.26	0.24	0.00	0.22	0.20	0.19	0.18	0.19	0.21	0.23
Net Debt to NOPAT	-1.67	-2.04	0.00	-2.01	-1.90	-1.97	-2.04	-2.25	-2.66	-2.88
Long-Term Debt to NOPAT	0.26	0.24	0.00	0.22	0.20	0.19	0.18	0.19	0.21	0.23
Altman Z-Score	6.09	6.54	8.91	11.63	10.17	8.30	0.00	10.06	7.82	6.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.73	3.54	3.49	3.82	3.89	3.79	4.00	4.42	4.45	5.41
Quick Ratio	2.48	2.43	2.37	2.46	2.50	2.54	2.67	3.02	3.02	3.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	17	12	103	77	4.29	-52	-108	-47	-14	-34
Operating Cash Flow to CapEx	1,818.21%	3,214.71%	1,542.81%	1,104.49%	453.12%	645.87%	2,606.36%	1,999.35%	1,173.33%	274.37%
Free Cash Flow to Firm to Interest Expense	12.46	8.37	76.38	56.76	3.23	-39.37	-80.47	-35.18	-10.25	-23.56
Operating Cash Flow to Interest Expense	48.01	82.97	25.54	24.25	18.13	49.68	31.37	29.92	34.32	8.85
Operating Cash Flow Less CapEx to Interest Expense	45.37	80.39	23.89	22.06	14.13	41.99	30.17	28.43	31.39	5.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	1.04	1.04	1.06	1.03	0.99	0.95	0.92	0.85	0.77
Accounts Receivable Turnover	6.82	6.71	6.29	6.70	5.93	5.83	5.67	6.40	5.72	4.83
Inventory Turnover	2.26	2.37	2.38	2.29	2.31	2.33	2.18	2.11	1.99	1.91
Fixed Asset Turnover	23.98	24.65	25.38	25.99	25.28	24.15	24.02	23.26	21.17	18.89
Accounts Payable Turnover	10.68	10.33	9.97	10.67	10.93	10.95	12.47	11.58	10.51	11.12
Days Sales Outstanding (DSO)	53.53	54.39	58.03	54.46	61.52	62.59	64.36	57.02	63.77	75.50
Days Inventory Outstanding (DIO)	161.66	154.04	153.37	159.56	157.70	156.69	167.51	172.85	183.65	190.76
Days Payable Outstanding (DPO)	34.19	35.35	36.62	34.19	33.40	33.33	29.27	31.52	34.74	32.83
Cash Conversion Cycle (CCC)	181.01	173.08	174.79	179.82	185.83	185.95	202.60	198.36	212.67	233.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	318	280	250	329	377	396	408	423	432	476
Invested Capital Turnover	2.85	3.52	3.48	3.04	3.13	3.35	3.43	2.96	2.66	2.33
Increase / (Decrease) in Invested Capital	31	36	-57	-16	60	116	158	94	55	80
Enterprise Value (EV)	1,704	2,220	3,914	5,589	4,934	3,785	0.00	4,120	2,883	1,742
Market Capitalization	2,001	2,607	4,359	5,997	5,351	4,247	0.00	4,626	3,420	2,271
Book Value per Share	$18.61	$20.31	$21.45	$22.75	$24.41	$26.41	$27.63	$28.74	$29.91	$31.16
Tangible Book Value per Share	$18.61	$20.31	$21.45	$22.75	$24.41	$26.41	$27.63	$28.74	$29.91	$31.16
Total Capital	660	712	702	788	845	909	945	978	1,018	1,055
Total Debt	46	45	0.00	44	44	44	43	43	43	42
Total Long-Term Debt	46	45	0.00	44	44	44	43	43	43	42
Net Debt	-297	-387	-445	-408	-417	-462	-487	-505	-537	-529
Capital Expenditures (CapEx)	3.52	3.81	2.24	2.96	5.30	10	1.62	2.00	3.90	4.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	225	197	222	249	293	289	299	286	290	345
Debt-free Net Working Capital (DFNWC)	567	630	667	702	754	795	829	834	870	916
Net Working Capital (NWC)	567	630	667	702	754	795	829	834	870	916
Net Nonoperating Expense (NNE)	7.33	-8.41	-1.39	-0.87	-1.79	-6.79	-2.15	-3.96	-7.42	-3.50
Net Nonoperating Obligations (NNO)	-297	-388	-451	-415	-424	-469	-494	-512	-543	-537
Total Depreciation and Amortization (D&A)	2.89	2.99	0.26	0.25	0.52	-0.03	0.47	0.54	0.36	2.00
Debt-free, Cash-free Net Working Capital to Revenue	26.19%	21.45%	22.86%	24.32%	26.96%	25.54%	26.46%	25.72%	27.00%	33.87%
Debt-free Net Working Capital to Revenue	65.99%	68.43%	68.68%	68.58%	69.39%	70.30%	73.42%	75.05%	80.86%	90.00%
Net Working Capital to Revenue	65.99%	68.43%	68.68%	68.58%	69.39%	70.30%	73.42%	75.05%	80.86%	90.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.22	$1.73	$1.46	$1.88	$2.01	$2.17	$1.58	$1.56	$1.49	$1.54
Adjusted Weighted Average Basic Shares Outstanding	33.01M	33.04M	32.74M	32.78M	32.81M	32.76M	32.64M	32.60M	32.55M	32.55M
Adjusted Diluted Earnings per Share	$1.21	$1.71	$1.43	$1.86	$1.99	$2.15	$1.57	$1.55	$1.49	$1.54
Adjusted Weighted Average Diluted Shares Outstanding	33.39M	33.54M	33.29M	33.19M	33.16M	33.17M	32.93M	32.77M	32.68M	32.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.85M	32.71M	32.71M	32.82M	32.75M	32.63M	32.53M	32.62M	32.51M	32.15M
Normalized Net Operating Profit after Tax (NOPAT)	48	49	46	61	64	64	49	47	41	46
Normalized NOPAT Margin	20.78%	18.26%	18.23%	22.16%	21.94%	20.71%	19.59%	18.29%	16.04%	18.40%
Pre Tax Income Margin	19.64%	24.73%	20.83%	23.59%	25.20%	28.17%	23.38%	22.32%	21.58%	23.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	33.93	43.58	37.19	45.71	53.15	63.14	40.73	39.25	37.61	37.27
NOPAT to Interest Expense	35.72	32.94	34.22	45.01	48.41	48.68	36.73	35.03	30.88	32.17
EBIT Less CapEx to Interest Expense	31.29	41.00	35.54	43.51	49.15	55.45	39.53	37.75	34.69	34.04
NOPAT Less CapEx to Interest Expense	33.08	30.36	32.57	42.81	44.41	40.99	35.53	33.54	27.95	28.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	35.53%	31.40%	26.43%	24.21%	21.53%	21.32%	21.99%	24.01%	27.18%	30.10%

Frequently Asked Questions About Axcelis Technologies' Financials

When does Axcelis Technologies's financial year end?

According to the most recent income statement we have on file, Axcelis Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Axcelis Technologies' net income changed over the last 10 years?

Axcelis Technologies' net income appears to be on an upward trend, with a most recent value of $200.99 million in 2024, falling from -$11.27 million in 2014. The previous period was $246.26 million in 2023.

What is Axcelis Technologies's operating income?

Axcelis Technologies's total operating income in 2024 was $210.79 million, based on the following breakdown:

Total Gross Profit: $454.65 million
Total Operating Expenses: $243.86 million

How has Axcelis Technologies revenue changed over the last 10 years?

Over the last 10 years, Axcelis Technologies' total revenue changed from $203.05 million in 2014 to $1.02 billion in 2024, a change of 401.3%.

How much debt does Axcelis Technologies have?

Axcelis Technologies' total liabilities were at $335.99 million at the end of 2024, a 19.4% decrease from 2023, and a 466.6% increase since 2014.

How much cash does Axcelis Technologies have?

In the past 10 years, Axcelis Technologies' cash and equivalents has ranged from $30.75 million in 2014 to $294.92 million in 2021, and is currently $123.51 million as of their latest financial filing in 2024.

How has Axcelis Technologies' book value per share changed over the last 10 years?

Over the last 10 years, Axcelis Technologies' book value per share changed from 1.50 in 2014 to 31.16 in 2024, a change of 1,972.8%.

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This page (NASDAQ:ACLS) was last updated on 4/16/2025 by MarketBeat.com Staff

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Axcelis Technologies (ACLS) Financials

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Axcelis Technologies (ACLS) Financials

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