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AXCELIS TECHNOLOGIES INC（ACLS）与GREENLIGHT CAPITAL RE, LTD.（GLRE）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GREENLIGHT CAPITAL RE, LTD.的1.1倍（$238.3M vs $210.3M），GREENLIGHT CAPITAL RE, LTD.净利率更高（23.4% vs 14.4%，领先9.0%），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs -5.6%），过去两年GREENLIGHT CAPITAL RE, LTD.的营收复合增速更高（4.8% 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。
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
ACLS vs GLRE — 直观对比
营收规模更大
ACLS
是对方的1.1倍
$210.3M
营收增速更快
GLRE
高出53.8%
-5.6%
净利率更高
GLRE
高出9.0%
14.4%
两年增速更快
GLRE
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $210.3M |
| 净利润 | $34.3M | $49.3M |
| 毛利率 | 47.0% | — |
| 营业利润率 | 15.2% | — |
| 净利率 | 14.4% | 23.4% |
| 营收同比 | -5.6% | 48.3% |
| 净利润同比 | -31.3% | 279.7% |
| 每股收益（稀释后） | $1.11 | $1.43 |
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ACLSGLRE
| Q4 25 | $238.3M | $210.3M | ||
| Q3 25 | $213.6M | $146.1M | ||
| Q2 25 | $194.5M | $160.1M | ||
| Q1 25 | $192.6M | $213.3M | ||
| Q4 24 | $252.4M | $141.8M | ||
| Q3 24 | $256.6M | $188.0M | ||
| Q2 24 | $256.5M | $174.9M | ||
| Q1 24 | $252.4M | $191.3M |
净利润ACLSGLRE
| Q4 25 | $34.3M | $49.3M | ||
| Q3 25 | $26.0M | $-4.4M | ||
| Q2 25 | $31.4M | $329.0K | ||
| Q1 25 | $28.6M | $29.6M | ||
| Q4 24 | $50.0M | $-27.4M | ||
| Q3 24 | $48.6M | $35.2M | ||
| Q2 24 | $50.9M | $8.0M | ||
| Q1 24 | $51.6M | $27.0M |
毛利率ACLSGLRE
| 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% | — | ||
| Q1 24 | 46.0% | — |
营业利润率ACLSGLRE
| Q4 25 | 15.2% | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 15.1% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 18.3% | — | ||
| Q2 24 | 20.6% | — | ||
| Q1 24 | 22.4% | — |
净利率ACLSGLRE
| Q4 25 | 14.4% | 23.4% | ||
| Q3 25 | 12.2% | -3.0% | ||
| Q2 25 | 16.1% | 0.2% | ||
| Q1 25 | 14.8% | 13.9% | ||
| Q4 24 | 19.8% | -19.3% | ||
| Q3 24 | 18.9% | 18.7% | ||
| Q2 24 | 19.8% | 4.6% | ||
| Q1 24 | 20.4% | 14.1% |
每股收益（稀释后）ACLSGLRE
| Q4 25 | $1.11 | $1.43 | ||
| Q3 25 | $0.83 | $-0.13 | ||
| Q2 25 | $0.98 | $0.01 | ||
| Q1 25 | $0.88 | $0.86 | ||
| Q4 24 | $1.54 | $-0.78 | ||
| Q3 24 | $1.49 | $1.01 | ||
| Q2 24 | $1.55 | $0.23 | ||
| Q1 24 | $1.57 | $0.78 |
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 | $111.8M |
| 总债务越低越好 | — | $4.7M |
| 股东权益账面价值 | $1.0B | $708.0M |
| 总资产 | $1.4B | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资ACLSGLRE
| Q4 25 | $374.3M | $111.8M | ||
| Q3 25 | $449.6M | $68.8M | ||
| Q2 25 | $549.8M | $82.4M | ||
| Q1 25 | $587.1M | $47.5M | ||
| Q4 24 | $571.3M | $64.7M | ||
| Q3 24 | $579.4M | $54.6M | ||
| Q2 24 | $548.3M | $52.2M | ||
| Q1 24 | $530.2M | $61.6M |
总债务ACLSGLRE
| Q4 25 | — | $4.7M | ||
| Q3 25 | — | $34.7M | ||
| Q2 25 | — | $58.9M | ||
| Q1 25 | — | $59.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | — | $62.6M | ||
| Q2 24 | — | $61.6M | ||
| Q1 24 | — | $72.5M |
股东权益ACLSGLRE
| Q4 25 | $1.0B | $708.0M | ||
| Q3 25 | $1.0B | $658.9M | ||
| Q2 25 | $1.0B | $663.3M | ||
| Q1 25 | $1.0B | $666.8M | ||
| Q4 24 | $1.0B | $635.9M | ||
| Q3 24 | $975.6M | $663.4M | ||
| Q2 24 | $934.9M | $634.0M | ||
| Q1 24 | $901.7M | $624.5M |
总资产ACLSGLRE
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $1.9B |
负债/权益比ACLSGLRE
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.12× |
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 | $100.2M |
| 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× | 2.03× |
| 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ACLSGLRE
| Q4 25 | $-6.6M | $100.2M | ||
| Q3 25 | $45.4M | $31.2M | ||
| Q2 25 | $39.7M | $68.4M | ||
| Q1 25 | $39.8M | $10.4M | ||
| Q4 24 | $12.8M | $29.5M | ||
| Q3 24 | $45.7M | $41.3M | ||
| Q2 24 | $40.1M | $22.7M | ||
| Q1 24 | $42.2M | $18.0M |
自由现金流ACLSGLRE
| 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 | — | ||
| Q1 24 | $40.6M | — |
自由现金流率ACLSGLRE
| 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% | — | ||
| Q1 24 | 16.1% | — |
资本支出强度ACLSGLRE
| 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% | — | ||
| Q1 24 | 0.6% | — |
现金转化率ACLSGLRE
| Q4 25 | -0.19× | 2.03× | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.27× | 208.02× | ||
| Q1 25 | 1.39× | 0.35× | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.94× | 1.17× | ||
| Q2 24 | 0.79× | 2.85× | ||
| Q1 24 | 0.82× | 0.66× |
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% |
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
