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Side-by-side financial comparison of AXCELIS TECHNOLOGIES INC (ACLS) and DONEGAL GROUP INC (DGICA). Click either name above to swap in a different company.

AXCELIS TECHNOLOGIES INC is the larger business by last-quarter revenue ($238.3M vs $236.0M, roughly 1.0× DONEGAL GROUP INC). AXCELIS TECHNOLOGIES INC runs the higher net margin — 14.4% vs 4.9%, a 9.5% gap on every dollar of revenue. On growth, DONEGAL GROUP INC posted the faster year-over-year revenue change (-3.7% vs -5.6%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-2.2% CAGR vs -2.8%).

Axcelis Technologies, Inc. is an American company engaging in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. It produces ion implantation systems, including high and medium current implanters, and high energy implanters, and curing systems used in the fabrication of semiconductor chips. The company was incorporated in 1995 and is headquartered in Beverly, Massachusetts, United States.

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

ACLS vs DGICA — Head-to-Head

Bigger by revenue
ACLS
ACLS
1.0× larger
ACLS
$238.3M
$236.0M
DGICA
Growing faster (revenue YoY)
DGICA
DGICA
+1.8% gap
DGICA
-3.7%
-5.6%
ACLS
Higher net margin
ACLS
ACLS
9.5% more per $
ACLS
14.4%
4.9%
DGICA
Faster 2-yr revenue CAGR
DGICA
DGICA
Annualised
DGICA
-2.2%
-2.8%
ACLS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACLS
ACLS
DGICA
DGICA
Revenue
$238.3M
$236.0M
Net Profit
$34.3M
$11.5M
Gross Margin
47.0%
Operating Margin
15.2%
Net Margin
14.4%
4.9%
Revenue YoY
-5.6%
-3.7%
Net Profit YoY
-31.3%
-54.3%
EPS (diluted)
$1.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACLS
ACLS
DGICA
DGICA
Q1 26
$236.0M
Q4 25
$238.3M
$239.8M
Q3 25
$213.6M
$245.9M
Q2 25
$194.5M
$247.1M
Q1 25
$192.6M
$245.2M
Q4 24
$252.4M
$250.0M
Q3 24
$256.6M
$251.7M
Q2 24
$256.5M
$246.8M
Net Profit
ACLS
ACLS
DGICA
DGICA
Q1 26
$11.5M
Q4 25
$34.3M
$17.2M
Q3 25
$26.0M
$20.1M
Q2 25
$31.4M
$16.9M
Q1 25
$28.6M
$25.2M
Q4 24
$50.0M
$24.0M
Q3 24
$48.6M
$16.8M
Q2 24
$50.9M
$4.2M
Gross Margin
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
47.0%
Q3 25
41.6%
Q2 25
44.9%
Q1 25
46.1%
Q4 24
46.0%
Q3 24
42.9%
Q2 24
43.8%
Operating Margin
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
15.2%
8.7%
Q3 25
11.7%
10.2%
Q2 25
14.9%
8.3%
Q1 25
15.1%
12.7%
Q4 24
21.6%
11.9%
Q3 24
18.3%
8.1%
Q2 24
20.6%
2.0%
Net Margin
ACLS
ACLS
DGICA
DGICA
Q1 26
4.9%
Q4 25
14.4%
7.2%
Q3 25
12.2%
8.2%
Q2 25
16.1%
6.8%
Q1 25
14.8%
10.3%
Q4 24
19.8%
9.6%
Q3 24
18.9%
6.7%
Q2 24
19.8%
1.7%
EPS (diluted)
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
$1.11
Q3 25
$0.83
Q2 25
$0.98
Q1 25
$0.88
Q4 24
$1.54
Q3 24
$1.49
Q2 24
$1.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACLS
ACLS
DGICA
DGICA
Cash + ST InvestmentsLiquidity on hand
$374.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$649.1M
Total Assets
$1.4B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
$374.3M
Q3 25
$449.6M
Q2 25
$549.8M
Q1 25
$587.1M
Q4 24
$571.3M
Q3 24
$579.4M
Q2 24
$548.3M
Stockholders' Equity
ACLS
ACLS
DGICA
DGICA
Q1 26
$649.1M
Q4 25
$1.0B
$640.4M
Q3 25
$1.0B
$627.4M
Q2 25
$1.0B
$605.7M
Q1 25
$1.0B
$584.7M
Q4 24
$1.0B
$545.8M
Q3 24
$975.6M
$513.4M
Q2 24
$934.9M
$484.1M
Total Assets
ACLS
ACLS
DGICA
DGICA
Q1 26
$2.4B
Q4 25
$1.4B
$2.4B
Q3 25
$1.4B
$2.4B
Q2 25
$1.3B
$2.4B
Q1 25
$1.3B
$2.4B
Q4 24
$1.3B
$2.3B
Q3 24
$1.3B
$2.3B
Q2 24
$1.3B
$2.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACLS
ACLS
DGICA
DGICA
Operating Cash FlowLast quarter
$-6.6M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$107.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
$-6.6M
$70.2M
Q3 25
$45.4M
$22.4M
Q2 25
$39.7M
$12.1M
Q1 25
$39.8M
$25.7M
Q4 24
$12.8M
$67.4M
Q3 24
$45.7M
$12.7M
Q2 24
$40.1M
$21.7M
Free Cash Flow
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
$-8.9M
Q3 25
$43.3M
Q2 25
$37.7M
Q1 25
$34.8M
Q4 24
$8.1M
Q3 24
$41.8M
Q2 24
$38.1M
FCF Margin
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
-3.7%
Q3 25
20.3%
Q2 25
19.4%
Q1 25
18.1%
Q4 24
3.2%
Q3 24
16.3%
Q2 24
14.8%
Capex Intensity
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
1.0%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
2.6%
Q4 24
1.8%
Q3 24
1.5%
Q2 24
0.8%
Cash Conversion
ACLS
ACLS
DGICA
DGICA
Q1 26
Q4 25
-0.19×
4.08×
Q3 25
1.75×
1.11×
Q2 25
1.27×
0.72×
Q1 25
1.39×
1.02×
Q4 24
0.26×
2.81×
Q3 24
0.94×
0.76×
Q2 24
0.79×
5.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACLS
ACLS

Products$224.6M94%
Services$13.7M6%

DGICA
DGICA

Segment breakdown not available.

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