ACLS AXCELIS TECHNOLOGIES INC

Overview and Growth

Fiscal 2025 results for AXCELIS TECHNOLOGIES INC combined $839.05M of revenue with net income of $120.24M and an operating cash inflow of $118.31M. Revenue of $839.05M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 17.6% below fiscal 2024 revenue of $1.02B, marking a top-line contraction. On a per-share basis, diluted EPS was $3.80, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 38.2% from $6.15 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 0.62x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $376.85M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 44.9% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $119.31M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 14.2% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $120.24M for the fiscal year. Measured against reported revenue, net income produced a 14.3% margin after operating costs and the remaining recognized items. Pretax income was $138.25M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 16.5% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $18.01M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 13.0%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 11.6%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

Total assets were $1.36B, supported by $326.67M of liabilities and $1.03B of shareholder equity. At period end, current assets of $943.20M compared with current liabilities of $197.66M, defining the company’s short-term resource position. The current ratio was 4.77x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $145.45M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 73.6%, excluding receivables and other current assets. Relative to total assets, liabilities measured 24.0%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 10.7%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 0.9% from $1.35B in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $118.31M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 0.98x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $11.29M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 9.5% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $107.01M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 12.8%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 7.9%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.