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AXCELIS TECHNOLOGIES INC（ACLS）与Affirm Holdings, Inc.（AFRM）财务数据对比。点击上方公司名可切换其他公司
Affirm Holdings, Inc.的季度营收约是AXCELIS TECHNOLOGIES INC的1.7倍（$401.4M vs $238.3M），Affirm Holdings, Inc.净利率更高（32.3% vs 14.4%，领先17.9%），Affirm Holdings, Inc.同比增速更快（32.5% vs -5.6%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $-8.9M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs -2.8%）
Axcelis Technologies是一家美国半导体设备供应商，1995年成立，总部位于美国马萨诸塞州贝弗利。公司面向全球半导体制造行业，从事半导体生产核心设备的设计、制造及服务，主营产品包括高中电流、高能离子注入系统以及半导体芯片制造用固化系统。
Affirm Holdings, Inc.是美国知名金融科技企业、领先的先买后付（BNPL）服务商，由PayPal联合创始人马克斯·列夫琴于2012年创立。截至2025年，平台拥有近2600万用户，年支付处理规模达370亿美元，是美国规模最大的本土BNPL金融机构。
ACLS vs AFRM — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $401.4M |
| 净利润 | $34.3M | $129.6M |
| 毛利率 | 47.0% | — |
| 营业利润率 | 15.2% | 29.3% |
| 净利率 | 14.4% | 32.3% |
| 营收同比 | -5.6% | 32.5% |
| 净利润同比 | -31.3% | 61.3% |
| 每股收益（稀释后） | $1.11 | $0.37 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $238.3M | $401.4M | ||
| Q3 25 | $213.6M | $320.5M | ||
| Q2 25 | $194.5M | $306.6M | ||
| Q1 25 | $192.6M | $272.5M | ||
| Q4 24 | $252.4M | $303.0M | ||
| Q3 24 | $256.6M | $231.8M | ||
| Q2 24 | $256.5M | $224.0M | ||
| Q1 24 | $252.4M | $195.0M |
| Q4 25 | $34.3M | $129.6M | ||
| Q3 25 | $26.0M | $80.7M | ||
| Q2 25 | $31.4M | $69.2M | ||
| Q1 25 | $28.6M | $2.8M | ||
| Q4 24 | $50.0M | $80.4M | ||
| Q3 24 | $48.6M | $-100.2M | ||
| Q2 24 | $50.9M | $-45.1M | ||
| Q1 24 | $51.6M | $-133.9M |
| 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% | — |
| Q4 25 | 15.2% | 29.3% | ||
| Q3 25 | 11.7% | 19.9% | ||
| Q2 25 | 14.9% | 18.9% | ||
| Q1 25 | 15.1% | -3.1% | ||
| Q4 24 | 21.6% | -1.4% | ||
| Q3 24 | 18.3% | -57.2% | ||
| Q2 24 | 20.6% | -32.8% | ||
| Q1 24 | 22.4% | -82.5% |
| Q4 25 | 14.4% | 32.3% | ||
| Q3 25 | 12.2% | 25.2% | ||
| Q2 25 | 16.1% | 22.6% | ||
| Q1 25 | 14.8% | 1.0% | ||
| Q4 24 | 19.8% | 26.5% | ||
| Q3 24 | 18.9% | -43.2% | ||
| Q2 24 | 19.8% | -20.2% | ||
| Q1 24 | 20.4% | -68.7% |
| Q4 25 | $1.11 | $0.37 | ||
| Q3 25 | $0.83 | $0.23 | ||
| Q2 25 | $0.98 | $0.22 | ||
| Q1 25 | $0.88 | $0.01 | ||
| Q4 24 | $1.54 | $0.23 | ||
| Q3 24 | $1.49 | $-0.31 | ||
| Q2 24 | $1.55 | $-0.13 | ||
| Q1 24 | $1.57 | $-0.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $374.3M | $1.5B |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | $1.0B | $3.5B |
| 总资产 | $1.4B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 2.54× |
8季度趋势，按日历期对齐
| Q4 25 | $374.3M | $1.5B | ||
| Q3 25 | $449.6M | $1.4B | ||
| Q2 25 | $549.8M | $1.4B | ||
| Q1 25 | $587.1M | $1.4B | ||
| Q4 24 | $571.3M | $1.2B | ||
| Q3 24 | $579.4M | $1.0B | ||
| Q2 24 | $548.3M | $1.0B | ||
| Q1 24 | $530.2M | $1.3B |
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | $7.6B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $3.5B | ||
| Q3 25 | $1.0B | $3.3B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $1.0B | $2.9B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $975.6M | $2.8B | ||
| Q2 24 | $934.9M | $2.7B | ||
| Q1 24 | $901.7M | $2.6B |
| Q4 25 | $1.4B | $13.0B | ||
| Q3 25 | $1.4B | $11.5B | ||
| Q2 25 | $1.3B | $11.2B | ||
| Q1 25 | $1.3B | $10.4B | ||
| Q4 24 | $1.3B | $10.5B | ||
| Q3 24 | $1.3B | $10.1B | ||
| Q2 24 | $1.3B | $9.5B | ||
| Q1 24 | $1.3B | $9.2B |
| Q4 25 | — | 2.54× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.48× | ||
| Q1 25 | — | 2.49× | ||
| Q4 24 | — | 2.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.67× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-6.6M | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $118.0M |
| 自由现金流率自由现金流/营收 | -3.7% | 29.4% |
| 资本支出强度资本支出/营收 | 1.0% | 13.9% |
| 现金转化率经营现金流/净利润 | -0.19× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $107.0M | $619.1M |
8季度趋势，按日历期对齐
| Q4 25 | $-6.6M | $173.7M | ||
| Q3 25 | $45.4M | $374.6M | ||
| Q2 25 | $39.7M | $74.6M | ||
| Q1 25 | $39.8M | $210.4M | ||
| Q4 24 | $12.8M | $312.0M | ||
| Q3 24 | $45.7M | $196.9M | ||
| Q2 24 | $40.1M | $68.8M | ||
| Q1 24 | $42.2M | $208.2M |
| Q4 25 | $-8.9M | $118.0M | ||
| Q3 25 | $43.3M | $320.2M | ||
| Q2 25 | $37.7M | $23.5M | ||
| Q1 25 | $34.8M | $157.4M | ||
| Q4 24 | $8.1M | $268.1M | ||
| Q3 24 | $41.8M | $152.7M | ||
| Q2 24 | $38.1M | $30.5M | ||
| Q1 24 | $40.6M | $161.7M |
| Q4 25 | -3.7% | 29.4% | ||
| Q3 25 | 20.3% | 99.9% | ||
| Q2 25 | 19.4% | 7.7% | ||
| Q1 25 | 18.1% | 57.7% | ||
| Q4 24 | 3.2% | 88.5% | ||
| Q3 24 | 16.3% | 65.9% | ||
| Q2 24 | 14.8% | 13.6% | ||
| Q1 24 | 16.1% | 82.9% |
| Q4 25 | 1.0% | 13.9% | ||
| Q3 25 | 0.9% | 17.0% | ||
| Q2 25 | 1.0% | 16.7% | ||
| Q1 25 | 2.6% | 19.5% | ||
| Q4 24 | 1.8% | 14.5% | ||
| Q3 24 | 1.5% | 19.0% | ||
| Q2 24 | 0.8% | 17.1% | ||
| Q1 24 | 0.6% | 23.8% |
| Q4 25 | -0.19× | 1.34× | ||
| Q3 25 | 1.75× | 4.64× | ||
| Q2 25 | 1.27× | 1.08× | ||
| Q1 25 | 1.39× | 75.03× | ||
| Q4 24 | 0.26× | 3.88× | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.82× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACLS
| Products | $224.6M | 94% |
| Services | $13.7M | 6% |
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
