27 years of historical data (1999–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Axcelis Technologies, Inc. trades at 21.7x earnings, 20% above its 5-year average of 18.1x, sitting at the 73rd percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 14%. On a free-cash-flow basis, the stock trades at 25.0x P/FCF, 20% above the 5-year average of 20.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.5B | $2.3B | $4.3B | $2.7B | $2.6B | $994M | $815M | $605M | $960M | $450M |
| Enterprise Value | $2.6B | $2.4B | $2.2B | $4.2B | $2.5B | $2.3B | $838M | $724M | $475M | $874M | $427M |
| P/E Ratio → | 21.74 | 21.14 | 11.36 | 17.45 | 14.53 | 25.89 | 19.95 | 48.19 | 13.19 | 7.55 | 40.42 |
| P/S Ratio | 3.19 | 3.03 | 2.24 | 3.80 | 2.89 | 3.86 | 2.09 | 2.38 | 1.37 | 2.34 | 1.69 |
| P/B Ratio | 2.53 | 2.46 | 2.26 | 4.97 | 3.99 | 4.74 | 2.06 | 1.94 | 1.48 | 2.71 | 2.24 |
| P/FCF | 25.01 | 23.78 | 17.76 | 31.58 | 12.99 | 18.06 | 15.96 | — | 14.33 | 19.58 | — |
| P/OCF | 22.62 | 21.51 | 16.23 | 27.42 | 12.35 | 17.01 | 14.26 | — | 12.89 | 17.05 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Axcelis Technologies, Inc.'s enterprise value stands at 18.8x EBITDA, 33% above its 5-year average of 14.1x. The Technology sector median is 15.7x, placing the stock at a 19% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.91 | 2.17 | 3.70 | 2.74 | 3.48 | 1.77 | 2.11 | 1.07 | 2.13 | 1.60 |
| EV / EBITDA | 18.79 | 17.83 | 9.73 | 14.99 | 11.26 | 16.70 | 12.33 | 22.56 | 7.23 | 16.54 | 20.45 |
| EV / EBIT | 21.57 | 20.46 | 9.35 | 14.72 | 11.99 | 18.42 | 13.72 | 27.75 | 7.92 | 18.27 | 26.53 |
| EV / FCF | — | 22.81 | 17.14 | 30.68 | 12.31 | 16.31 | 13.47 | — | 11.24 | 17.84 | — |
Margins and return-on-capital ratios measuring operating efficiency
Axcelis Technologies, Inc. earns an operating margin of 14.2%. Operating margins have compressed from 23.5% to 14.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.7% is modest. ROIC of 9.6% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.9% | 44.9% | 44.7% | 43.5% | 43.7% | 43.2% | 41.8% | 42.0% | 40.6% | 36.6% | 37.3% |
| Operating Margin | 14.2% | 14.2% | 20.7% | 23.5% | 23.1% | 19.2% | 12.2% | 7.1% | 13.5% | 11.7% | 6.2% |
| Net Profit Margin | 14.3% | 14.3% | 19.7% | 21.8% | 19.9% | 14.9% | 10.5% | 5.0% | 10.4% | 30.9% | 4.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.7% | 11.7% | 21.4% | 32.1% | 30.4% | 19.3% | 11.1% | 4.1% | 12.0% | 45.7% | 5.6% |
| ROA | 8.9% | 8.9% | 15.3% | 21.5% | 20.7% | 14.3% | 8.5% | 3.1% | 8.9% | 32.1% | 3.7% |
| ROIC | 9.6% | 9.6% | 18.9% | 31.4% | 38.9% | 30.9% | 13.3% | 6.0% | 16.5% | 16.1% | 7.4% |
| ROCE | 10.4% | 10.4% | 19.7% | 30.2% | 31.0% | 22.3% | 11.4% | 5.1% | 13.7% | 14.3% | 6.6% |
Solvency and debt-coverage ratios — lower is generally safer
Axcelis Technologies, Inc. carries a Debt/EBITDA ratio of 0.3x, which is very conservative (90% below the sector average of 3.0x). The company holds a net cash position — cash of $145M exceeds total debt of $42M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 22.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.04 | 0.05 | 0.07 | 0.09 | 0.10 | 0.12 | 0.12 | 0.13 | 0.24 |
| Debt / EBITDA | 0.31 | 0.31 | 0.19 | 0.16 | 0.21 | 0.34 | 0.71 | 1.51 | 0.73 | 0.90 | 2.28 |
| Net Debt / Equity | — | -0.10 | -0.08 | -0.14 | -0.21 | -0.46 | -0.32 | -0.22 | -0.32 | -0.24 | -0.12 |
| Net Debt / EBITDA | -0.75 | -0.75 | -0.35 | -0.44 | -0.62 | -1.79 | -2.28 | -2.85 | -1.98 | -1.62 | -1.11 |
| Debt / FCF | — | -0.96 | -0.62 | -0.90 | -0.68 | -1.75 | -2.49 | — | -3.08 | -1.75 | — |
| Interest Coverage | 22.24 | 22.24 | 38.59 | 49.71 | 38.08 | 26.33 | 11.14 | 4.70 | 11.73 | 9.34 | 3.28 |
Net cash position: cash ($145M) exceeds total debt ($42M)
Short-term solvency ratios and asset-utilisation metrics
Axcelis Technologies, Inc.'s current ratio of 4.77x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.11x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.79x to 4.77x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.77 | 4.77 | 5.41 | 3.79 | 3.54 | 4.12 | 5.58 | 5.47 | 4.67 | 4.72 | 5.34 |
| Quick Ratio | 3.11 | 3.11 | 4.05 | 2.71 | 2.56 | 2.83 | 3.67 | 3.43 | 3.15 | 3.15 | 2.75 |
| Cash Ratio | 1.89 | 1.89 | 2.75 | 1.78 | 1.74 | 1.96 | 2.41 | 2.04 | 2.09 | 1.74 | 1.61 |
| Asset Turnover | — | 0.62 | 0.75 | 0.88 | 0.91 | 0.88 | 0.76 | 0.63 | 0.81 | 0.84 | 0.88 |
| Inventory Turnover | 1.40 | 1.40 | 2.00 | 2.09 | 2.14 | 1.93 | 1.71 | 1.42 | 2.04 | 2.16 | 1.47 |
| Days Sales Outstanding | — | 73.29 | 72.85 | 70.37 | 67.36 | 57.53 | 66.81 | 89.14 | 64.93 | 66.95 | 69.14 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Axcelis Technologies, Inc. returns 4.5% to shareholders annually primarily through share buybacks. The earnings yield of 4.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.6% | 4.7% | 8.8% | 5.7% | 6.9% | 3.9% | 5.0% | 2.1% | 7.6% | 13.2% | 2.5% |
| FCF Yield | 4.0% | 4.2% | 5.6% | 3.2% | 7.7% | 5.5% | 6.3% | — | 7.0% | 5.1% | — |
| Buyback Yield | 4.5% | 4.8% | 2.6% | 1.2% | 2.2% | 2.0% | 0.8% | 2.2% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.5% | 4.8% | 2.6% | 1.2% | 2.2% | 2.0% | 0.8% | 2.2% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $32M | $33M | $33M | $34M | $34M | $34M | $34M | $34M | $33M | $31M |
Compare ACLS with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| ACLSYou | $3B | 21.7 | 18.8 | 25.0 | 44.9% | 14.2% | 11.7% | 9.6% | 0.3 |
| ASML | $563B | 51.8 | 39.5 | 44.8 | 52.8% | 34.6% | 48.5% | 80.9% | 0.2 |
| AMAT | $295B | 43.0 | 35.1 | 51.8 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
| LRCX | $293B | 56.4 | 46.3 | 54.1 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
| ACMR | $3B | 36.4 | 19.3 | 47.6 | 50.1% | 19.3% | 10.2% | 13.2% | 1.2 |
| VECO | $2B | 51.8 | 49.9 | 40.4 | 40.0% | 5.4% | 4.3% | 2.8% | 6.6 |
| ASYS | $188M | -6.2 | — | 27.1 | 34.0% | -5.8% | -44.7% | -4.8% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 27 years · Updated daily
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Start ComparisonAxcelis Technologies, Inc.'s current P/E ratio is 21.7x. The historical average is 18.4x. This places it at the 73th percentile of its historical range.
Axcelis Technologies, Inc.'s current EV/EBITDA is 18.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
Axcelis Technologies, Inc.'s return on equity (ROE) is 11.7%. The historical average is 3.7%.
Based on historical data, Axcelis Technologies, Inc. is trading at a P/E of 21.7x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Axcelis Technologies, Inc. has 44.9% gross margin and 14.2% operating margin. Operating margin between 10-20% is typical for established companies.
Axcelis Technologies, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.