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AXCELIS TECHNOLOGIES INC（ACLS）与杜比实验室（DLB）财务数据对比。点击上方公司名可切换其他公司
杜比实验室的季度营收约是AXCELIS TECHNOLOGIES INC的1.7倍（$395.6M vs $238.3M），杜比实验室净利率更高（24.0% vs 14.4%，领先9.6%），杜比实验室同比增速更快（7.1% vs -5.6%），过去两年杜比实验室的营收复合增速更高（13.9% 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。
杜比实验室是一家美国科技企业，专注于音频降噪、音频编码压缩、空间音频及高动态范围（HDR）影像等技术的研发，旗下技术广泛授权给全球各地的消费电子制造商使用，助力终端产品为用户带来更出色的视听体验。
ACLS vs DLB — 直观对比
营收规模更大
DLB
是对方的1.7倍
$238.3M
营收增速更快
DLB
高出12.6%
-5.6%
净利率更高
DLB
高出9.6%
14.4%
两年增速更快
DLB
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $395.6M |
| 净利润 | $34.3M | $94.9M |
| 毛利率 | 47.0% | 88.7% |
| 营业利润率 | 15.2% | 28.5% |
| 净利率 | 14.4% | 24.0% |
| 营收同比 | -5.6% | 7.1% |
| 净利润同比 | -31.3% | 3.4% |
| 每股收益（稀释后） | $1.11 | $0.99 |
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ACLSDLB
| Q2 26 | — | $395.6M | ||
| Q1 26 | — | $346.7M | ||
| Q4 25 | $238.3M | $346.7M | ||
| Q3 25 | $213.6M | $307.0M | ||
| Q2 25 | $194.5M | $315.5M | ||
| Q1 25 | $192.6M | $369.6M | ||
| Q4 24 | $252.4M | $357.0M | ||
| Q3 24 | $256.6M | $304.8M |
净利润ACLSDLB
| Q2 26 | — | $94.9M | ||
| Q1 26 | — | $53.3M | ||
| Q4 25 | $34.3M | $53.3M | ||
| Q3 25 | $26.0M | $49.3M | ||
| Q2 25 | $31.4M | $46.1M | ||
| Q1 25 | $28.6M | $91.8M | ||
| Q4 24 | $50.0M | $67.8M | ||
| Q3 24 | $48.6M | $58.6M |
毛利率ACLSDLB
| Q2 26 | — | 88.7% | ||
| Q1 26 | — | 87.5% | ||
| Q4 25 | 47.0% | 87.5% | ||
| Q3 25 | 41.6% | 87.1% | ||
| Q2 25 | 44.9% | 86.1% | ||
| Q1 25 | 46.1% | 90.3% | ||
| Q4 24 | 46.0% | 88.6% | ||
| Q3 24 | 42.9% | 88.8% |
营业利润率ACLSDLB
| Q2 26 | — | 28.5% | ||
| Q1 26 | — | 17.9% | ||
| Q4 25 | 15.2% | 17.9% | ||
| Q3 25 | 11.7% | 9.7% | ||
| Q2 25 | 14.9% | 15.1% | ||
| Q1 25 | 15.1% | 29.2% | ||
| Q4 24 | 21.6% | 22.4% | ||
| Q3 24 | 18.3% | 15.2% |
净利率ACLSDLB
| Q2 26 | — | 24.0% | ||
| Q1 26 | — | 15.4% | ||
| Q4 25 | 14.4% | 15.4% | ||
| Q3 25 | 12.2% | 16.1% | ||
| Q2 25 | 16.1% | 14.6% | ||
| Q1 25 | 14.8% | 24.8% | ||
| Q4 24 | 19.8% | 19.0% | ||
| Q3 24 | 18.9% | 19.2% |
每股收益（稀释后）ACLSDLB
| Q2 26 | — | $0.99 | ||
| Q1 26 | — | $0.55 | ||
| Q4 25 | $1.11 | $0.55 | ||
| Q3 25 | $0.83 | $0.50 | ||
| Q2 25 | $0.98 | $0.48 | ||
| Q1 25 | $0.88 | $0.94 | ||
| Q4 24 | $1.54 | $0.70 | ||
| Q3 24 | $1.49 | $0.59 |
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 | $594.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $2.6B |
| 总资产 | $1.4B | $3.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACLSDLB
| Q2 26 | — | $594.7M | ||
| Q1 26 | — | $644.6M | ||
| Q4 25 | $374.3M | $644.6M | ||
| Q3 25 | $449.6M | $702.6M | ||
| Q2 25 | $549.8M | $699.3M | ||
| Q1 25 | $587.1M | $626.6M | ||
| Q4 24 | $571.3M | $520.8M | ||
| Q3 24 | $579.4M | $482.0M |
股东权益ACLSDLB
| Q2 26 | — | $2.6B | ||
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.0B | $2.6B | ||
| Q3 25 | $1.0B | $2.6B | ||
| Q2 25 | $1.0B | $2.6B | ||
| Q1 25 | $1.0B | $2.6B | ||
| Q4 24 | $1.0B | $2.5B | ||
| Q3 24 | $975.6M | $2.5B |
总资产ACLSDLB
| Q2 26 | — | $3.2B | ||
| Q1 26 | — | $3.2B | ||
| Q4 25 | $1.4B | $3.2B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.3B | $3.2B | ||
| Q4 24 | $1.3B | $3.2B | ||
| Q3 24 | $1.3B | $3.1B |
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 | $147.3M |
| 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× | 1.55× |
| 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ACLSDLB
| Q2 26 | — | $147.3M | ||
| Q1 26 | — | $54.8M | ||
| Q4 25 | $-6.6M | $54.8M | ||
| Q3 25 | $45.4M | $472.2M | ||
| Q2 25 | $39.7M | $67.7M | ||
| Q1 25 | $39.8M | $174.9M | ||
| Q4 24 | $12.8M | $106.8M | ||
| Q3 24 | $45.7M | $327.3M |
自由现金流ACLSDLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $50.2M | ||
| Q3 25 | $43.3M | $435.9M | ||
| Q2 25 | $37.7M | $61.3M | ||
| Q1 25 | $34.8M | $168.0M | ||
| Q4 24 | $8.1M | $100.0M | ||
| Q3 24 | $41.8M | $297.2M |
自由现金流率ACLSDLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -3.7% | 14.5% | ||
| Q3 25 | 20.3% | 142.0% | ||
| Q2 25 | 19.4% | 19.4% | ||
| Q1 25 | 18.1% | 45.5% | ||
| Q4 24 | 3.2% | 28.0% | ||
| Q3 24 | 16.3% | 97.5% |
资本支出强度ACLSDLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 1.3% | ||
| Q3 25 | 0.9% | 11.8% | ||
| Q2 25 | 1.0% | 2.0% | ||
| Q1 25 | 2.6% | 1.9% | ||
| Q4 24 | 1.8% | 1.9% | ||
| Q3 24 | 1.5% | 9.8% |
现金转化率ACLSDLB
| Q2 26 | — | 1.55× | ||
| Q1 26 | — | 1.03× | ||
| Q4 25 | -0.19× | 1.03× | ||
| Q3 25 | 1.75× | 9.57× | ||
| Q2 25 | 1.27× | 1.47× | ||
| Q1 25 | 1.39× | 1.91× | ||
| Q4 24 | 0.26× | 1.57× | ||
| Q3 24 | 0.94× | 5.59× |
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% |
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
