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Side-by-side financial comparison of AXCELIS TECHNOLOGIES INC (ACLS) and EASTMAN KODAK CO (KODK). Click either name above to swap in a different company.

EASTMAN KODAK CO is the larger business by last-quarter revenue ($290.0M vs $238.3M, roughly 1.2× AXCELIS TECHNOLOGIES INC). AXCELIS TECHNOLOGIES INC runs the higher net margin — 14.4% vs -37.2%, a 51.6% gap on every dollar of revenue. On growth, EASTMAN KODAK CO posted the faster year-over-year revenue change (9.0% vs -5.6%). EASTMAN KODAK CO produced more free cash flow last quarter ($483.0M vs $-8.9M). Over the past eight quarters, EASTMAN KODAK CO's revenue compounded faster (7.9% 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.

The Eastman Kodak Company, referred to simply as Kodak, is an American public company that produces various products related to its historic basis in film photography. The company is headquartered in Rochester, New York, and is incorporated in New Jersey. It is best known for photographic film products, which it brought to a mass market for the first time.

ACLS vs KODK — Head-to-Head

Bigger by revenue
KODK
KODK
1.2× larger
KODK
$290.0M
$238.3M
ACLS
Growing faster (revenue YoY)
KODK
KODK
+14.6% gap
KODK
9.0%
-5.6%
ACLS
Higher net margin
ACLS
ACLS
51.6% more per $
ACLS
14.4%
-37.2%
KODK
More free cash flow
KODK
KODK
$491.9M more FCF
KODK
$483.0M
$-8.9M
ACLS
Faster 2-yr revenue CAGR
KODK
KODK
Annualised
KODK
7.9%
-2.8%
ACLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACLS
ACLS
KODK
KODK
Revenue
$238.3M
$290.0M
Net Profit
$34.3M
$-108.0M
Gross Margin
47.0%
23.1%
Operating Margin
15.2%
-0.3%
Net Margin
14.4%
-37.2%
Revenue YoY
-5.6%
9.0%
Net Profit YoY
-31.3%
-515.4%
EPS (diluted)
$1.11
$-1.22

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
KODK
KODK
Q4 25
$238.3M
$290.0M
Q3 25
$213.6M
$269.0M
Q2 25
$194.5M
$263.0M
Q1 25
$192.6M
$247.0M
Q4 24
$252.4M
$266.0M
Q3 24
$256.6M
$261.0M
Q2 24
$256.5M
$267.0M
Q1 24
$252.4M
$249.0M
Net Profit
ACLS
ACLS
KODK
KODK
Q4 25
$34.3M
$-108.0M
Q3 25
$26.0M
$13.0M
Q2 25
$31.4M
$-26.0M
Q1 25
$28.6M
$-7.0M
Q4 24
$50.0M
$26.0M
Q3 24
$48.6M
$18.0M
Q2 24
$50.9M
$26.0M
Q1 24
$51.6M
$32.0M
Gross Margin
ACLS
ACLS
KODK
KODK
Q4 25
47.0%
23.1%
Q3 25
41.6%
25.3%
Q2 25
44.9%
19.4%
Q1 25
46.1%
18.6%
Q4 24
46.0%
19.2%
Q3 24
42.9%
17.2%
Q2 24
43.8%
21.7%
Q1 24
46.0%
19.7%
Operating Margin
ACLS
ACLS
KODK
KODK
Q4 25
15.2%
-0.3%
Q3 25
11.7%
7.1%
Q2 25
14.9%
-1.9%
Q1 25
15.1%
-5.3%
Q4 24
21.6%
-3.0%
Q3 24
18.3%
-3.1%
Q2 24
20.6%
0.7%
Q1 24
22.4%
2.8%
Net Margin
ACLS
ACLS
KODK
KODK
Q4 25
14.4%
-37.2%
Q3 25
12.2%
4.8%
Q2 25
16.1%
-9.9%
Q1 25
14.8%
-2.8%
Q4 24
19.8%
9.8%
Q3 24
18.9%
6.9%
Q2 24
19.8%
9.7%
Q1 24
20.4%
12.9%
EPS (diluted)
ACLS
ACLS
KODK
KODK
Q4 25
$1.11
$-1.22
Q3 25
$0.83
$-0.08
Q2 25
$0.98
$-0.36
Q1 25
$0.88
$-0.12
Q4 24
$1.54
$0.22
Q3 24
$1.49
$0.15
Q2 24
$1.55
$0.23
Q1 24
$1.57
$0.30

Balance Sheet & Financial Strength

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

Metric
ACLS
ACLS
KODK
KODK
Cash + ST InvestmentsLiquidity on hand
$374.3M
$436.0M
Total DebtLower is stronger
$209.0M
Stockholders' EquityBook value
$1.0B
$614.0M
Total Assets
$1.4B
$1.6B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACLS
ACLS
KODK
KODK
Q4 25
$374.3M
$436.0M
Q3 25
$449.6M
$168.0M
Q2 25
$549.8M
$155.0M
Q1 25
$587.1M
$158.0M
Q4 24
$571.3M
$201.0M
Q3 24
$579.4M
$214.0M
Q2 24
$548.3M
$251.0M
Q1 24
$530.2M
$262.0M
Total Debt
ACLS
ACLS
KODK
KODK
Q4 25
$209.0M
Q3 25
Q2 25
Q1 25
Q4 24
$467.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACLS
ACLS
KODK
KODK
Q4 25
$1.0B
$614.0M
Q3 25
$1.0B
$762.0M
Q2 25
$1.0B
$528.0M
Q1 25
$1.0B
$563.0M
Q4 24
$1.0B
$641.0M
Q3 24
$975.6M
$982.0M
Q2 24
$934.9M
$961.0M
Q1 24
$901.7M
$951.0M
Total Assets
ACLS
ACLS
KODK
KODK
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
$2.1B
Q2 25
$1.3B
$1.9B
Q1 25
$1.3B
$1.9B
Q4 24
$1.3B
$2.0B
Q3 24
$1.3B
$2.4B
Q2 24
$1.3B
$2.4B
Q1 24
$1.3B
$2.3B
Debt / Equity
ACLS
ACLS
KODK
KODK
Q4 25
0.34×
Q3 25
Q2 25
Q1 25
Q4 24
0.73×
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
KODK
KODK
Operating Cash FlowLast quarter
$-6.6M
$489.0M
Free Cash FlowOCF − Capex
$-8.9M
$483.0M
FCF MarginFCF / Revenue
-3.7%
166.6%
Capex IntensityCapex / Revenue
1.0%
2.1%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$107.0M
$446.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACLS
ACLS
KODK
KODK
Q4 25
$-6.6M
$489.0M
Q3 25
$45.4M
$21.0M
Q2 25
$39.7M
$8.0M
Q1 25
$39.8M
$-38.0M
Q4 24
$12.8M
$4.0M
Q3 24
$45.7M
$-21.0M
Q2 24
$40.1M
$-7.0M
Q1 24
$42.2M
$17.0M
Free Cash Flow
ACLS
ACLS
KODK
KODK
Q4 25
$-8.9M
$483.0M
Q3 25
$43.3M
$17.0M
Q2 25
$37.7M
$-4.0M
Q1 25
$34.8M
$-50.0M
Q4 24
$8.1M
$-13.0M
Q3 24
$41.8M
$-41.0M
Q2 24
$38.1M
$-16.0M
Q1 24
$40.6M
$7.0M
FCF Margin
ACLS
ACLS
KODK
KODK
Q4 25
-3.7%
166.6%
Q3 25
20.3%
6.3%
Q2 25
19.4%
-1.5%
Q1 25
18.1%
-20.2%
Q4 24
3.2%
-4.9%
Q3 24
16.3%
-15.7%
Q2 24
14.8%
-6.0%
Q1 24
16.1%
2.8%
Capex Intensity
ACLS
ACLS
KODK
KODK
Q4 25
1.0%
2.1%
Q3 25
0.9%
1.5%
Q2 25
1.0%
4.6%
Q1 25
2.6%
4.9%
Q4 24
1.8%
6.4%
Q3 24
1.5%
7.7%
Q2 24
0.8%
3.4%
Q1 24
0.6%
4.0%
Cash Conversion
ACLS
ACLS
KODK
KODK
Q4 25
-0.19×
Q3 25
1.75×
1.62×
Q2 25
1.27×
Q1 25
1.39×
Q4 24
0.26×
0.15×
Q3 24
0.94×
-1.17×
Q2 24
0.79×
-0.27×
Q1 24
0.82×
0.53×

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%

KODK
KODK

Segment Continuing Operations$195.0M67%
Advanced Materials And Chemicals$85.0M29%
Other$7.0M2%
All Other$3.0M1%

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