10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.1% per year over the past 5 years.
Net income has grown slower than revenue (-30.1% vs 12.1% per year).
Operating margin has expanded, at 14.2% in the latest year.
Free cash flow has grown 11.4% per year over the past 5 years.
Financial health
Operating income covered interest expense 22× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$839M
$120M
44.9%
14.2%
11.6%
8.8%
$107M
—
$145M
2024
$1.0B
$201M
44.7%
20.7%
19.8%
14.9%
$129M
—
$124M
2023
$1.1B
$246M
43.5%
23.5%
28.5%
19.2%
$136M
—
$167M
2022
$920M
—
43.7%
23.1%
0.0%
0.0%
$205M
—
$186M
2021
$662M
—
43.2%
19.2%
0.0%
0.0%
$141M
—
$295M
2020
$475M
—
41.8%
12.2%
0.0%
0.0%
$62M
—
$203M
2019
$343M
—
42.0%
7.1%
0.0%
0.0%
-$26M
—
$140M
2018
$443M
—
40.6%
13.5%
0.0%
0.0%
$42M
—
$178M
2017
$411M
—
36.6%
11.7%
0.0%
0.0%
$49M
—
$133M
2016
$267M
—
37.3%
6.2%
0.0%
0.0%
-$11M
—
$71M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$215M
$23M
42.4%
9.4%
2.2%
1.7%
$15M
—
$155M
Mar '26
$199M
$9M
40.5%
4.0%
0.9%
0.7%
$16M
—
$151M
Dec '25
$238M
$34M
47.0%
15.2%
3.3%
2.5%
-$9M
—
$145M
Sep '25
$214M
$26M
41.6%
11.7%
2.5%
1.9%
$43M
—
$188M
Jun '25
$195M
$31M
44.9%
14.9%
3.1%
2.4%
$38M
—
$174M
Mar '25
$193M
$29M
46.1%
15.1%
2.8%
2.1%
$35M
—
$184M
Dec '24
$252M
$50M
46.0%
21.6%
4.9%
3.7%
$8M
—
$124M
Sep '24
$257M
$49M
42.9%
18.3%
5.0%
3.6%
$42M
—
$120M
Jun '24
$257M
$51M
43.8%
20.6%
5.4%
3.9%
$38M
—
$145M
Mar '24
$252M
$52M
46.0%
22.4%
5.7%
3.9%
$41M
—
$134M
Dec '23
$310M
—
44.4%
25.5%
0.0%
0.0%
$55M
—
$167M
Sep '23
$292M
—
44.4%
24.5%
0.0%
0.0%
$19M
—
$142M
Jun '23
$274M
—
43.7%
23.3%
0.0%
0.0%
$30M
—
$133M
Mar '23
$254M
—
40.9%
20.2%
0.0%
0.0%
$32M
—
$164M
Dec '22
$266M
—
41.2%
21.1%
0.0%
0.0%
$119M
—
$186M
Sep '22
$229M
—
45.1%
23.2%
0.0%
0.0%
$60M
—
$309M
Jun '22
$221M
—
44.8%
24.5%
0.0%
0.0%
$2M
—
$287M
Mar '22
$204M
—
44.1%
24.0%
0.0%
0.0%
$24M
—
$297M
Dec '21
$206M
—
43.5%
22.6%
0.0%
0.0%
$35M
—
$295M
Sep '21
$177M
—
43.3%
20.6%
0.0%
0.0%
$63M
—
$271M
Valuation over time
How the market has priced ACLS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 16.3× (Jan '24) to 25.0× (Nov '26).
The price-to-sales ratio has fallen from 4.5× (Mar '23) to 3.6× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ACLS growing its revenue and profit?
Over the past 5 years, Axcelis Technologies's revenue has grown 12.1% per year, and net income declined 30.1% per year. These are computed facts, not advice.
How much debt does ACLS have?
As of FY2025, Axcelis Technologies reported — of total debt against $145M of cash; operating income covered interest expense 22×.
What is ACLS's profit margin?
In FY2025, gross margin was 44.9%, operating margin 14.2%, and net margin 14.3%.
What is ACLS's P/E ratio?
Axcelis Technologies's P/E (TTM) is 32.42 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ACLS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 25.0× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.