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AXCELIS TECHNOLOGIES INC（ACLS）与Elastic N.V.（ESTC）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是AXCELIS TECHNOLOGIES INC的1.8倍（$423.5M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs -12.1%，领先26.5%），Elastic N.V.同比增速更快（15.9% vs -5.6%），Elastic N.V.自由现金流更多（$26.0M vs $-8.9M），过去两年Elastic N.V.的营收复合增速更高（13.6% 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。
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
ACLS vs ESTC — 直观对比
营收规模更大
ESTC
是对方的1.8倍
$238.3M
营收增速更快
ESTC
高出21.5%
-5.6%
净利率更高
ACLS
高出26.5%
-12.1%
自由现金流更多
ESTC
多$34.9M
$-8.9M
两年增速更快
ESTC
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $423.5M |
| 净利润 | $34.3M | $-51.3M |
| 毛利率 | 47.0% | 75.9% |
| 营业利润率 | 15.2% | -1.9% |
| 净利率 | 14.4% | -12.1% |
| 营收同比 | -5.6% | 15.9% |
| 净利润同比 | -31.3% | -101.5% |
| 每股收益（稀释后） | $1.11 | $-0.48 |
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ACLSESTC
| Q4 25 | $238.3M | $423.5M | ||
| Q3 25 | $213.6M | $415.3M | ||
| Q2 25 | $194.5M | $388.4M | ||
| Q1 25 | $192.6M | $382.1M | ||
| Q4 24 | $252.4M | $365.4M | ||
| Q3 24 | $256.6M | $347.4M | ||
| Q2 24 | $256.5M | $335.0M | ||
| Q1 24 | $252.4M | $328.0M |
净利润ACLSESTC
| Q4 25 | $34.3M | $-51.3M | ||
| Q3 25 | $26.0M | $-24.6M | ||
| Q2 25 | $31.4M | $-16.4M | ||
| Q1 25 | $28.6M | $-17.1M | ||
| Q4 24 | $50.0M | $-25.4M | ||
| Q3 24 | $48.6M | $-49.2M | ||
| Q2 24 | $50.9M | $-41.1M | ||
| Q1 24 | $51.6M | $176.1M |
毛利率ACLSESTC
| Q4 25 | 47.0% | 75.9% | ||
| Q3 25 | 41.6% | 76.7% | ||
| Q2 25 | 44.9% | 74.8% | ||
| Q1 25 | 46.1% | 74.6% | ||
| Q4 24 | 46.0% | 74.5% | ||
| Q3 24 | 42.9% | 73.6% | ||
| Q2 24 | 43.8% | 73.8% | ||
| Q1 24 | 46.0% | 74.2% |
营业利润率ACLSESTC
| Q4 25 | 15.2% | -1.9% | ||
| Q3 25 | 11.7% | -2.3% | ||
| Q2 25 | 14.9% | -3.1% | ||
| Q1 25 | 15.1% | -1.2% | ||
| Q4 24 | 21.6% | -1.2% | ||
| Q3 24 | 18.3% | -9.7% | ||
| Q2 24 | 20.6% | -13.6% | ||
| Q1 24 | 22.4% | -8.1% |
净利率ACLSESTC
| Q4 25 | 14.4% | -12.1% | ||
| Q3 25 | 12.2% | -5.9% | ||
| Q2 25 | 16.1% | -4.2% | ||
| Q1 25 | 14.8% | -4.5% | ||
| Q4 24 | 19.8% | -7.0% | ||
| Q3 24 | 18.9% | -14.2% | ||
| Q2 24 | 19.8% | -12.3% | ||
| Q1 24 | 20.4% | 53.7% |
每股收益（稀释后）ACLSESTC
| Q4 25 | $1.11 | $-0.48 | ||
| Q3 25 | $0.83 | $-0.23 | ||
| Q2 25 | $0.98 | $-0.15 | ||
| Q1 25 | $0.88 | $-0.16 | ||
| Q4 24 | $1.54 | $-0.25 | ||
| Q3 24 | $1.49 | $-0.48 | ||
| Q2 24 | $1.55 | $-0.35 | ||
| Q1 24 | $1.57 | $1.69 |
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 | $1.4B |
| 总债务越低越好 | — | $570.3M |
| 股东权益账面价值 | $1.0B | $891.1M |
| 总资产 | $1.4B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ACLSESTC
| Q4 25 | $374.3M | $1.4B | ||
| Q3 25 | $449.6M | $1.5B | ||
| Q2 25 | $549.8M | $1.4B | ||
| Q1 25 | $587.1M | $584.0M | ||
| Q4 24 | $571.3M | $658.5M | ||
| Q3 24 | $579.4M | $594.9M | ||
| Q2 24 | $548.3M | $1.1B | ||
| Q1 24 | $530.2M | $526.9M |
总债务ACLSESTC
| Q4 25 | — | $570.3M | ||
| Q3 25 | — | $570.0M | ||
| Q2 25 | — | $569.7M | ||
| Q1 25 | — | $569.4M | ||
| Q4 24 | — | $569.2M | ||
| Q3 24 | — | $568.9M | ||
| Q2 24 | — | $568.6M | ||
| Q1 24 | — | $568.3M |
股东权益ACLSESTC
| Q4 25 | $1.0B | $891.1M | ||
| Q3 25 | $1.0B | $971.4M | ||
| Q2 25 | $1.0B | $927.2M | ||
| Q1 25 | $1.0B | $859.1M | ||
| Q4 24 | $1.0B | $811.5M | ||
| Q3 24 | $975.6M | $759.4M | ||
| Q2 24 | $934.9M | $738.2M | ||
| Q1 24 | $901.7M | $707.8M |
总资产ACLSESTC
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.3B | $2.2B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比ACLSESTC
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.75× | ||
| Q2 24 | — | 0.77× | ||
| Q1 24 | — | 0.80× |
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 | $26.6M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $26.0M |
| 自由现金流率自由现金流/营收 | -3.7% | 6.1% |
| 资本支出强度资本支出/营收 | 1.0% | 0.1% |
| 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 | $302.3M |
8季度趋势，按日历期对齐
经营现金流ACLSESTC
| Q4 25 | $-6.6M | $26.6M | ||
| Q3 25 | $45.4M | $104.8M | ||
| Q2 25 | $39.7M | $87.0M | ||
| Q1 25 | $39.8M | $88.1M | ||
| Q4 24 | $12.8M | $38.4M | ||
| Q3 24 | $45.7M | $52.8M | ||
| Q2 24 | $40.1M | $60.9M | ||
| Q1 24 | $42.2M | $52.4M |
自由现金流ACLSESTC
| Q4 25 | $-8.9M | $26.0M | ||
| Q3 25 | $43.3M | $104.2M | ||
| Q2 25 | $37.7M | $84.9M | ||
| Q1 25 | $34.8M | $87.3M | ||
| Q4 24 | $8.1M | $37.7M | ||
| Q3 24 | $41.8M | $52.0M | ||
| Q2 24 | $38.1M | $60.1M | ||
| Q1 24 | $40.6M | $51.3M |
自由现金流率ACLSESTC
| Q4 25 | -3.7% | 6.1% | ||
| Q3 25 | 20.3% | 25.1% | ||
| Q2 25 | 19.4% | 21.8% | ||
| Q1 25 | 18.1% | 22.8% | ||
| Q4 24 | 3.2% | 10.3% | ||
| Q3 24 | 16.3% | 15.0% | ||
| Q2 24 | 14.8% | 17.9% | ||
| Q1 24 | 16.1% | 15.6% |
资本支出强度ACLSESTC
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 0.9% | 0.2% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 1.8% | 0.2% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | 0.8% | 0.3% | ||
| Q1 24 | 0.6% | 0.3% |
现金转化率ACLSESTC
| Q4 25 | -0.19× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.39× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.82× | 0.30× |
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% |
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
