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AXCELIS TECHNOLOGIES INC（ACLS）与Dutch Bros Inc.（BROS）财务数据对比。点击上方公司名可切换其他公司
Dutch Bros Inc.的季度营收约是AXCELIS TECHNOLOGIES INC的1.9倍（$464.4M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs 5.1%，领先9.3%），Dutch Bros Inc.同比增速更快（30.8% vs -5.6%），过去两年Dutch Bros Inc.的营收复合增速更高（19.6% 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。
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
ACLS vs BROS — 直观对比
营收规模更大
BROS
是对方的1.9倍
$238.3M
营收增速更快
BROS
高出36.3%
-5.6%
净利率更高
ACLS
高出9.3%
5.1%
两年增速更快
BROS
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $464.4M |
| 净利润 | $34.3M | $23.7M |
| 毛利率 | 47.0% | 23.1% |
| 营业利润率 | 15.2% | 7.4% |
| 净利率 | 14.4% | 5.1% |
| 营收同比 | -5.6% | 30.8% |
| 净利润同比 | -31.3% | 5.3% |
| 每股收益（稀释后） | $1.11 | $0.13 |
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ACLSBROS
| Q1 26 | — | $464.4M | ||
| Q4 25 | $238.3M | $443.6M | ||
| Q3 25 | $213.6M | $423.6M | ||
| Q2 25 | $194.5M | $415.8M | ||
| Q1 25 | $192.6M | $355.2M | ||
| Q4 24 | $252.4M | $342.8M | ||
| Q3 24 | $256.6M | $338.2M | ||
| Q2 24 | $256.5M | $324.9M |
净利润ACLSBROS
| Q1 26 | — | $23.7M | ||
| Q4 25 | $34.3M | $21.4M | ||
| Q3 25 | $26.0M | $17.5M | ||
| Q2 25 | $31.4M | $25.6M | ||
| Q1 25 | $28.6M | $15.4M | ||
| Q4 24 | $50.0M | $3.6M | ||
| Q3 24 | $48.6M | $12.6M | ||
| Q2 24 | $50.9M | $11.9M |
毛利率ACLSBROS
| Q1 26 | — | 23.1% | ||
| Q4 25 | 47.0% | 24.1% | ||
| Q3 25 | 41.6% | 25.2% | ||
| Q2 25 | 44.9% | 28.9% | ||
| Q1 25 | 46.1% | 25.3% | ||
| Q4 24 | 46.0% | 25.7% | ||
| Q3 24 | 42.9% | 26.6% | ||
| Q2 24 | 43.8% | 27.8% |
营业利润率ACLSBROS
| Q1 26 | — | 7.4% | ||
| Q4 25 | 15.2% | 7.7% | ||
| Q3 25 | 11.7% | 9.8% | ||
| Q2 25 | 14.9% | 13.1% | ||
| Q1 25 | 15.1% | 8.7% | ||
| Q4 24 | 21.6% | 4.6% | ||
| Q3 24 | 18.3% | 9.6% | ||
| Q2 24 | 20.6% | 9.9% |
净利率ACLSBROS
| Q1 26 | — | 5.1% | ||
| Q4 25 | 14.4% | 4.8% | ||
| Q3 25 | 12.2% | 4.1% | ||
| Q2 25 | 16.1% | 6.2% | ||
| Q1 25 | 14.8% | 4.3% | ||
| Q4 24 | 19.8% | 1.1% | ||
| Q3 24 | 18.9% | 3.7% | ||
| Q2 24 | 19.8% | 3.7% |
每股收益（稀释后）ACLSBROS
| Q1 26 | — | $0.13 | ||
| Q4 25 | $1.11 | $0.17 | ||
| Q3 25 | $0.83 | $0.14 | ||
| Q2 25 | $0.98 | $0.20 | ||
| Q1 25 | $0.88 | $0.13 | ||
| Q4 24 | $1.54 | $0.03 | ||
| Q3 24 | $1.49 | $0.11 | ||
| Q2 24 | $1.55 | $0.12 |
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 | $263.5M |
| 总债务越低越好 | — | $199.3M |
| 股东权益账面价值 | $1.0B | $920.5M |
| 总资产 | $1.4B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ACLSBROS
| Q1 26 | — | $263.5M | ||
| Q4 25 | $374.3M | $269.4M | ||
| Q3 25 | $449.6M | $267.2M | ||
| Q2 25 | $549.8M | $254.4M | ||
| Q1 25 | $587.1M | $316.4M | ||
| Q4 24 | $571.3M | $293.4M | ||
| Q3 24 | $579.4M | $281.1M | ||
| Q2 24 | $548.3M | $260.9M |
总债务ACLSBROS
| Q1 26 | — | $199.3M | ||
| Q4 25 | — | $202.5M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $203.3M | ||
| Q1 25 | — | $284.2M | ||
| Q4 24 | — | $238.0M | ||
| Q3 24 | — | $241.2M | ||
| Q2 24 | — | $244.3M |
股东权益ACLSBROS
| Q1 26 | — | $920.5M | ||
| Q4 25 | $1.0B | $680.8M | ||
| Q3 25 | $1.0B | $656.6M | ||
| Q2 25 | $1.0B | $636.2M | ||
| Q1 25 | $1.0B | $599.1M | ||
| Q4 24 | $1.0B | $537.4M | ||
| Q3 24 | $975.6M | $523.1M | ||
| Q2 24 | $934.9M | $509.1M |
总资产ACLSBROS
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.3B | $2.8B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B |
负债/权益比ACLSBROS
| Q1 26 | — | 0.22× | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.48× |
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 | $84.7M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | — |
| 自由现金流率自由现金流/营收 | -3.7% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | -0.19× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $107.0M | — |
8季度趋势，按日历期对齐
经营现金流ACLSBROS
| Q1 26 | — | $84.7M | ||
| Q4 25 | $-6.6M | $79.6M | ||
| Q3 25 | $45.4M | $89.1M | ||
| Q2 25 | $39.7M | $89.9M | ||
| Q1 25 | $39.8M | $36.9M | ||
| Q4 24 | $12.8M | $62.2M | ||
| Q3 24 | $45.7M | $83.5M | ||
| Q2 24 | $40.1M | $59.5M |
自由现金流ACLSBROS
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $8.5M | ||
| Q3 25 | $43.3M | $18.9M | ||
| Q2 25 | $37.7M | $35.7M | ||
| Q1 25 | $34.8M | $-8.7M | ||
| Q4 24 | $8.1M | $19.5M | ||
| Q3 24 | $41.8M | $26.4M | ||
| Q2 24 | $38.1M | $-4.9M |
自由现金流率ACLSBROS
| Q1 26 | — | — | ||
| Q4 25 | -3.7% | 1.9% | ||
| Q3 25 | 20.3% | 4.5% | ||
| Q2 25 | 19.4% | 8.6% | ||
| Q1 25 | 18.1% | -2.4% | ||
| Q4 24 | 3.2% | 5.7% | ||
| Q3 24 | 16.3% | 7.8% | ||
| Q2 24 | 14.8% | -1.5% |
资本支出强度ACLSBROS
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 16.0% | ||
| Q3 25 | 0.9% | 16.6% | ||
| Q2 25 | 1.0% | 13.0% | ||
| Q1 25 | 2.6% | 12.8% | ||
| Q4 24 | 1.8% | 12.5% | ||
| Q3 24 | 1.5% | 16.9% | ||
| Q2 24 | 0.8% | 19.8% |
现金转化率ACLSBROS
| Q1 26 | — | 3.58× | ||
| Q4 25 | -0.19× | 3.73× | ||
| Q3 25 | 1.75× | 5.09× | ||
| Q2 25 | 1.27× | 3.51× | ||
| Q1 25 | 1.39× | 2.40× | ||
| Q4 24 | 0.26× | 17.23× | ||
| Q3 24 | 0.94× | 6.60× | ||
| Q2 24 | 0.79× | 4.99× |
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% |
BROS
| Company-operated shops | $429.1M | 92% |
| Franchising and other | $35.4M | 8% |
