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Side-by-side financial comparison of AXCELIS TECHNOLOGIES INC (ACLS) and GERMAN AMERICAN BANCORP, INC. (GABC). Click either name above to swap in a different company.

AXCELIS TECHNOLOGIES INC is the larger business by last-quarter revenue ($238.3M vs $126.7M, roughly 1.9× GERMAN AMERICAN BANCORP, INC.). GERMAN AMERICAN BANCORP, INC. runs the higher net margin — 28.2% vs 14.4%, a 13.8% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs -5.6%). GERMAN AMERICAN BANCORP, INC. produced more free cash flow last quarter ($154.0M vs $-8.9M). Over the past eight quarters, GERMAN AMERICAN BANCORP, INC.'s revenue compounded faster (22.7% 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.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

ACLS vs GABC — Head-to-Head

Bigger by revenue
ACLS
ACLS
1.9× larger
ACLS
$238.3M
$126.7M
GABC
Growing faster (revenue YoY)
GABC
GABC
+45.3% gap
GABC
39.7%
-5.6%
ACLS
Higher net margin
GABC
GABC
13.8% more per $
GABC
28.2%
14.4%
ACLS
More free cash flow
GABC
GABC
$162.9M more FCF
GABC
$154.0M
$-8.9M
ACLS
Faster 2-yr revenue CAGR
GABC
GABC
Annualised
GABC
22.7%
-2.8%
ACLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACLS
ACLS
GABC
GABC
Revenue
$238.3M
$126.7M
Net Profit
$34.3M
$35.7M
Gross Margin
47.0%
Operating Margin
15.2%
34.6%
Net Margin
14.4%
28.2%
Revenue YoY
-5.6%
39.7%
Net Profit YoY
-31.3%
53.7%
EPS (diluted)
$1.11
$0.98

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
GABC
GABC
Q4 25
$238.3M
$126.7M
Q3 25
$213.6M
$126.5M
Q2 25
$194.5M
$123.2M
Q1 25
$192.6M
$111.1M
Q4 24
$252.4M
$90.7M
Q3 24
$256.6M
$88.5M
Q2 24
$256.5M
$90.5M
Q1 24
$252.4M
$84.1M
Net Profit
ACLS
ACLS
GABC
GABC
Q4 25
$34.3M
$35.7M
Q3 25
$26.0M
$35.1M
Q2 25
$31.4M
$31.4M
Q1 25
$28.6M
$10.5M
Q4 24
$50.0M
$23.2M
Q3 24
$48.6M
$21.0M
Q2 24
$50.9M
$20.5M
Q1 24
$51.6M
$19.0M
Gross Margin
ACLS
ACLS
GABC
GABC
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%
Q1 24
46.0%
Operating Margin
ACLS
ACLS
GABC
GABC
Q4 25
15.2%
34.6%
Q3 25
11.7%
34.6%
Q2 25
14.9%
31.8%
Q1 25
15.1%
12.0%
Q4 24
21.6%
31.6%
Q3 24
18.3%
29.0%
Q2 24
20.6%
29.4%
Q1 24
22.4%
27.6%
Net Margin
ACLS
ACLS
GABC
GABC
Q4 25
14.4%
28.2%
Q3 25
12.2%
27.7%
Q2 25
16.1%
25.5%
Q1 25
14.8%
9.5%
Q4 24
19.8%
25.6%
Q3 24
18.9%
23.8%
Q2 24
19.8%
22.7%
Q1 24
20.4%
22.6%
EPS (diluted)
ACLS
ACLS
GABC
GABC
Q4 25
$1.11
$0.98
Q3 25
$0.83
$0.94
Q2 25
$0.98
$0.84
Q1 25
$0.88
$0.30
Q4 24
$1.54
$0.79
Q3 24
$1.49
$0.71
Q2 24
$1.55
$0.69
Q1 24
$1.57
$0.64

Balance Sheet & Financial Strength

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

Metric
ACLS
ACLS
GABC
GABC
Cash + ST InvestmentsLiquidity on hand
$374.3M
Total DebtLower is stronger
$100.0M
Stockholders' EquityBook value
$1.0B
$1.2B
Total Assets
$1.4B
$8.4B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACLS
ACLS
GABC
GABC
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
Q1 24
$530.2M
Total Debt
ACLS
ACLS
GABC
GABC
Q4 25
$100.0M
Q3 25
Q2 25
Q1 25
Q4 24
$114.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACLS
ACLS
GABC
GABC
Q4 25
$1.0B
$1.2B
Q3 25
$1.0B
$1.1B
Q2 25
$1.0B
$1.1B
Q1 25
$1.0B
$1.0B
Q4 24
$1.0B
$715.1M
Q3 24
$975.6M
$744.6M
Q2 24
$934.9M
$687.8M
Q1 24
$901.7M
$655.3M
Total Assets
ACLS
ACLS
GABC
GABC
Q4 25
$1.4B
$8.4B
Q3 25
$1.4B
$8.4B
Q2 25
$1.3B
$8.3B
Q1 25
$1.3B
$8.4B
Q4 24
$1.3B
$6.3B
Q3 24
$1.3B
$6.3B
Q2 24
$1.3B
$6.2B
Q1 24
$1.3B
$6.1B
Debt / Equity
ACLS
ACLS
GABC
GABC
Q4 25
0.09×
Q3 25
Q2 25
Q1 25
Q4 24
0.16×
Q3 24
Q2 24
Q1 24

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
GABC
GABC
Operating Cash FlowLast quarter
$-6.6M
$159.3M
Free Cash FlowOCF − Capex
$-8.9M
$154.0M
FCF MarginFCF / Revenue
-3.7%
121.6%
Capex IntensityCapex / Revenue
1.0%
4.2%
Cash ConversionOCF / Net Profit
-0.19×
4.46×
TTM Free Cash FlowTrailing 4 quarters
$107.0M
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACLS
ACLS
GABC
GABC
Q4 25
$-6.6M
$159.3M
Q3 25
$45.4M
$51.8M
Q2 25
$39.7M
$26.9M
Q1 25
$39.8M
$37.9M
Q4 24
$12.8M
$95.8M
Q3 24
$45.7M
$24.5M
Q2 24
$40.1M
$18.7M
Q1 24
$42.2M
$23.9M
Free Cash Flow
ACLS
ACLS
GABC
GABC
Q4 25
$-8.9M
$154.0M
Q3 25
$43.3M
$50.1M
Q2 25
$37.7M
$26.2M
Q1 25
$34.8M
$36.7M
Q4 24
$8.1M
$90.7M
Q3 24
$41.8M
$23.0M
Q2 24
$38.1M
$17.0M
Q1 24
$40.6M
$22.6M
FCF Margin
ACLS
ACLS
GABC
GABC
Q4 25
-3.7%
121.6%
Q3 25
20.3%
39.6%
Q2 25
19.4%
21.2%
Q1 25
18.1%
33.0%
Q4 24
3.2%
100.1%
Q3 24
16.3%
26.0%
Q2 24
14.8%
18.8%
Q1 24
16.1%
26.9%
Capex Intensity
ACLS
ACLS
GABC
GABC
Q4 25
1.0%
4.2%
Q3 25
0.9%
1.3%
Q2 25
1.0%
0.6%
Q1 25
2.6%
1.1%
Q4 24
1.8%
5.6%
Q3 24
1.5%
1.7%
Q2 24
0.8%
1.8%
Q1 24
0.6%
1.5%
Cash Conversion
ACLS
ACLS
GABC
GABC
Q4 25
-0.19×
4.46×
Q3 25
1.75×
1.48×
Q2 25
1.27×
0.86×
Q1 25
1.39×
3.61×
Q4 24
0.26×
4.13×
Q3 24
0.94×
1.16×
Q2 24
0.79×
0.91×
Q1 24
0.82×
1.25×

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%

GABC
GABC

Segment breakdown not available.

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