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AXCELIS TECHNOLOGIES INC（ACLS）与BILL Holdings, Inc.（BILL）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是AXCELIS TECHNOLOGIES INC的1.7倍（$414.7M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs -0.6%，领先15.0%），BILL Holdings, Inc.同比增速更快（14.4% vs -5.6%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $-8.9M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% 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。
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
ACLS vs BILL — 直观对比
营收规模更大
BILL
是对方的1.7倍
$238.3M
营收增速更快
BILL
高出20.0%
-5.6%
净利率更高
ACLS
高出15.0%
-0.6%
自由现金流更多
BILL
多$112.7M
$-8.9M
两年增速更快
BILL
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $414.7M |
| 净利润 | $34.3M | $-2.6M |
| 毛利率 | 47.0% | 79.8% |
| 营业利润率 | 15.2% | -4.4% |
| 净利率 | 14.4% | -0.6% |
| 营收同比 | -5.6% | 14.4% |
| 净利润同比 | -31.3% | -107.7% |
| 每股收益（稀释后） | $1.11 | $-0.03 |
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
营收ACLSBILL
| Q4 25 | $238.3M | $414.7M | ||
| Q3 25 | $213.6M | $395.7M | ||
| Q2 25 | $194.5M | $383.3M | ||
| Q1 25 | $192.6M | $358.2M | ||
| Q4 24 | $252.4M | $362.6M | ||
| Q3 24 | $256.6M | $358.4M | ||
| Q2 24 | $256.5M | $343.7M | ||
| Q1 24 | $252.4M | $323.0M |
净利润ACLSBILL
| Q4 25 | $34.3M | $-2.6M | ||
| Q3 25 | $26.0M | $-3.0M | ||
| Q2 25 | $31.4M | $-7.1M | ||
| Q1 25 | $28.6M | $-11.6M | ||
| Q4 24 | $50.0M | $33.5M | ||
| Q3 24 | $48.6M | $8.9M | ||
| Q2 24 | $50.9M | $7.6M | ||
| Q1 24 | $51.6M | $31.8M |
毛利率ACLSBILL
| Q4 25 | 47.0% | 79.8% | ||
| Q3 25 | 41.6% | 80.5% | ||
| Q2 25 | 44.9% | 80.8% | ||
| Q1 25 | 46.1% | 81.2% | ||
| Q4 24 | 46.0% | 81.6% | ||
| Q3 24 | 42.9% | 82.0% | ||
| Q2 24 | 43.8% | 81.0% | ||
| Q1 24 | 46.0% | 83.0% |
营业利润率ACLSBILL
| Q4 25 | 15.2% | -4.4% | ||
| Q3 25 | 11.7% | -5.2% | ||
| Q2 25 | 14.9% | -5.8% | ||
| Q1 25 | 15.1% | -8.1% | ||
| Q4 24 | 21.6% | -6.0% | ||
| Q3 24 | 18.3% | -2.1% | ||
| Q2 24 | 20.6% | -6.5% | ||
| Q1 24 | 22.4% | -8.6% |
净利率ACLSBILL
| Q4 25 | 14.4% | -0.6% | ||
| Q3 25 | 12.2% | -0.7% | ||
| Q2 25 | 16.1% | -1.8% | ||
| Q1 25 | 14.8% | -3.2% | ||
| Q4 24 | 19.8% | 9.3% | ||
| Q3 24 | 18.9% | 2.5% | ||
| Q2 24 | 19.8% | 2.2% | ||
| Q1 24 | 20.4% | 9.8% |
每股收益（稀释后）ACLSBILL
| Q4 25 | $1.11 | $-0.03 | ||
| Q3 25 | $0.83 | $-0.03 | ||
| Q2 25 | $0.98 | $0.02 | ||
| Q1 25 | $0.88 | $-0.11 | ||
| Q4 24 | $1.54 | $-0.06 | ||
| Q3 24 | $1.49 | $0.08 | ||
| Q2 24 | $1.55 | $0.37 | ||
| Q1 24 | $1.57 | $0.00 |
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 | $1.1B |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $1.0B | $3.8B |
| 总资产 | $1.4B | $10.1B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资ACLSBILL
| Q4 25 | $374.3M | $1.1B | ||
| Q3 25 | $449.6M | $1.1B | ||
| Q2 25 | $549.8M | $1.0B | ||
| Q1 25 | $587.1M | $1.0B | ||
| Q4 24 | $571.3M | $1.6B | ||
| Q3 24 | $579.4M | $853.5M | ||
| Q2 24 | $548.3M | $985.9M | ||
| Q1 24 | $530.2M | $952.5M |
总债务ACLSBILL
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $914.8M | ||
| Q2 24 | — | $914.0M | ||
| Q1 24 | — | $1.1B |
股东权益ACLSBILL
| Q4 25 | $1.0B | $3.8B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | $1.0B | $3.9B | ||
| Q1 25 | $1.0B | $3.9B | ||
| Q4 24 | $1.0B | $3.8B | ||
| Q3 24 | $975.6M | $4.0B | ||
| Q2 24 | $934.9M | $4.1B | ||
| Q1 24 | $901.7M | $4.1B |
总资产ACLSBILL
| Q4 25 | $1.4B | $10.1B | ||
| Q3 25 | $1.4B | $10.2B | ||
| Q2 25 | $1.3B | $10.1B | ||
| Q1 25 | $1.3B | $9.6B | ||
| Q4 24 | $1.3B | $9.7B | ||
| Q3 24 | $1.3B | $9.0B | ||
| Q2 24 | $1.3B | $9.2B | ||
| Q1 24 | $1.3B | $9.1B |
负债/权益比ACLSBILL
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.28× |
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 | $105.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $103.8M |
| 自由现金流率自由现金流/营收 | -3.7% | 25.0% |
| 资本支出强度资本支出/营收 | 1.0% | 0.4% |
| 现金转化率经营现金流/净利润 | -0.19× | — |
| 过去12个月自由现金流最近4个季度 | $107.0M | $378.8M |
8季度趋势，按日历期对齐
经营现金流ACLSBILL
| Q4 25 | $-6.6M | $105.3M | ||
| Q3 25 | $45.4M | $96.9M | ||
| Q2 25 | $39.7M | $83.8M | ||
| Q1 25 | $39.8M | $99.5M | ||
| Q4 24 | $12.8M | $78.7M | ||
| Q3 24 | $45.7M | $88.6M | ||
| Q2 24 | $40.1M | $78.6M | ||
| Q1 24 | $42.2M | $66.8M |
自由现金流ACLSBILL
| Q4 25 | $-8.9M | $103.8M | ||
| Q3 25 | $43.3M | $95.6M | ||
| Q2 25 | $37.7M | $81.0M | ||
| Q1 25 | $34.8M | $98.4M | ||
| Q4 24 | $8.1M | $78.3M | ||
| Q3 24 | $41.8M | $88.6M | ||
| Q2 24 | $38.1M | $78.4M | ||
| Q1 24 | $40.6M | $66.8M |
自由现金流率ACLSBILL
| Q4 25 | -3.7% | 25.0% | ||
| Q3 25 | 20.3% | 24.1% | ||
| Q2 25 | 19.4% | 21.1% | ||
| Q1 25 | 18.1% | 27.5% | ||
| Q4 24 | 3.2% | 21.6% | ||
| Q3 24 | 16.3% | 24.7% | ||
| Q2 24 | 14.8% | 22.8% | ||
| Q1 24 | 16.1% | 20.7% |
资本支出强度ACLSBILL
| Q4 25 | 1.0% | 0.4% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 1.0% | 0.7% | ||
| Q1 25 | 2.6% | 0.3% | ||
| Q4 24 | 1.8% | 0.1% | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | 0.6% | 0.0% |
现金转化率ACLSBILL
| Q4 25 | -0.19× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.39× | — | ||
| Q4 24 | 0.26× | 2.35× | ||
| Q3 24 | 0.94× | 9.94× | ||
| Q2 24 | 0.79× | 10.35× | ||
| Q1 24 | 0.82× | 2.10× |
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% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
