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AXCELIS TECHNOLOGIES INC（ACLS）与FIRST MERCHANTS CORP（FRME）财务数据对比。点击上方公司名可切换其他公司
AXCELIS TECHNOLOGIES INC的季度营收约是FIRST MERCHANTS CORP的1.5倍（$238.3M vs $157.1M），FIRST MERCHANTS CORP净利率更高（17.9% vs 14.4%，领先3.5%），过去两年FIRST MERCHANTS CORP的营收复合增速更高（-0.9% 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。
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
ACLS vs FRME — 直观对比
营收规模更大
ACLS
是对方的1.5倍
$157.1M
净利率更高
FRME
高出3.5%
14.4%
两年增速更快
FRME
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $157.1M |
| 净利润 | $34.3M | $28.2M |
| 毛利率 | 47.0% | — |
| 营业利润率 | 15.2% | — |
| 净利率 | 14.4% | 17.9% |
| 营收同比 | -5.6% | — |
| 净利润同比 | -31.3% | -49.1% |
| 每股收益（稀释后） | $1.11 | $0.45 |
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ACLSFRME
| Q1 26 | — | $157.1M | ||
| Q4 25 | $238.3M | $172.2M | ||
| Q3 25 | $213.6M | $166.1M | ||
| Q2 25 | $194.5M | $164.3M | ||
| Q1 25 | $192.6M | $160.3M | ||
| Q4 24 | $252.4M | $177.1M | ||
| Q3 24 | $256.6M | $156.0M | ||
| Q2 24 | $256.5M | $159.9M |
净利润ACLSFRME
| Q1 26 | — | $28.2M | ||
| Q4 25 | $34.3M | $57.1M | ||
| Q3 25 | $26.0M | $56.8M | ||
| Q2 25 | $31.4M | $56.8M | ||
| Q1 25 | $28.6M | $55.3M | ||
| Q4 24 | $50.0M | $64.3M | ||
| Q3 24 | $48.6M | $49.2M | ||
| Q2 24 | $50.9M | $39.9M |
毛利率ACLSFRME
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 38.0% | ||
| Q3 25 | 11.7% | 39.3% | ||
| Q2 25 | 14.9% | 39.6% | ||
| Q1 25 | 15.1% | 39.4% | ||
| Q4 24 | 21.6% | 43.3% | ||
| Q3 24 | 18.3% | 36.1% | ||
| Q2 24 | 20.6% | 27.5% |
净利率ACLSFRME
| Q1 26 | — | 17.9% | ||
| Q4 25 | 14.4% | 33.1% | ||
| Q3 25 | 12.2% | 34.2% | ||
| Q2 25 | 16.1% | 34.6% | ||
| Q1 25 | 14.8% | 34.5% | ||
| Q4 24 | 19.8% | 36.3% | ||
| Q3 24 | 18.9% | 31.5% | ||
| Q2 24 | 19.8% | 25.0% |
每股收益（稀释后）ACLSFRME
| Q1 26 | — | $0.45 | ||
| Q4 25 | $1.11 | $0.98 | ||
| Q3 25 | $0.83 | $0.98 | ||
| Q2 25 | $0.98 | $0.98 | ||
| Q1 25 | $0.88 | $0.94 | ||
| Q4 24 | $1.54 | $1.09 | ||
| Q3 24 | $1.49 | $0.84 | ||
| Q2 24 | $1.55 | $0.68 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $2.7B |
| 总资产 | $1.4B | $21.1B |
| 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ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | $374.3M | — | ||
| Q3 25 | $449.6M | — | ||
| Q2 25 | $549.8M | — | ||
| Q1 25 | $587.1M | — | ||
| Q4 24 | $571.3M | — | ||
| Q3 24 | $579.4M | — | ||
| Q2 24 | $548.3M | — |
股东权益ACLSFRME
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.0B | $2.5B | ||
| Q3 25 | $1.0B | $2.4B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $975.6M | $2.3B | ||
| Q2 24 | $934.9M | $2.2B |
总资产ACLSFRME
| Q1 26 | — | $21.1B | ||
| Q4 25 | $1.4B | $19.0B | ||
| Q3 25 | $1.4B | $18.8B | ||
| Q2 25 | $1.3B | $18.6B | ||
| Q1 25 | $1.3B | $18.4B | ||
| Q4 24 | $1.3B | $18.3B | ||
| Q3 24 | $1.3B | $18.3B | ||
| Q2 24 | $1.3B | $18.3B |
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 | — |
| 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× | — |
| 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ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | $-6.6M | $283.6M | ||
| Q3 25 | $45.4M | $87.6M | ||
| Q2 25 | $39.7M | $53.7M | ||
| Q1 25 | $39.8M | $61.7M | ||
| Q4 24 | $12.8M | $266.2M | ||
| Q3 24 | $45.7M | $76.8M | ||
| Q2 24 | $40.1M | $63.0M |
自由现金流ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $43.3M | — | ||
| Q2 25 | $37.7M | — | ||
| Q1 25 | $34.8M | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $41.8M | — | ||
| Q2 24 | $38.1M | — |
自由现金流率ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | -3.7% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 14.8% | — |
资本支出强度ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 0.8% | — |
现金转化率ACLSFRME
| Q1 26 | — | — | ||
| Q4 25 | -0.19× | 4.97× | ||
| Q3 25 | 1.75× | 1.54× | ||
| Q2 25 | 1.27× | 0.94× | ||
| Q1 25 | 1.39× | 1.11× | ||
| Q4 24 | 0.26× | 4.14× | ||
| Q3 24 | 0.94× | 1.56× | ||
| Q2 24 | 0.79× | 1.58× |
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% |
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
