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AXCELIS TECHNOLOGIES INC（ACLS）与IPG PHOTONICS CORP（IPGP）财务数据对比。点击上方公司名可切换其他公司
IPG PHOTONICS CORP的季度营收约是AXCELIS TECHNOLOGIES INC的1.2倍（$274.5M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs 4.8%，领先9.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs -5.6%），IPG PHOTONICS CORP自由现金流更多（$10.9M vs $-8.9M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% 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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
ACLS vs IPGP — 直观对比
营收规模更大
IPGP
是对方的1.2倍
$238.3M
营收增速更快
IPGP
高出22.7%
-5.6%
净利率更高
ACLS
高出9.6%
4.8%
自由现金流更多
IPGP
多$19.8M
$-8.9M
两年增速更快
IPGP
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $274.5M |
| 净利润 | $34.3M | $13.3M |
| 毛利率 | 47.0% | 36.1% |
| 营业利润率 | 15.2% | 1.2% |
| 净利率 | 14.4% | 4.8% |
| 营收同比 | -5.6% | 17.1% |
| 净利润同比 | -31.3% | 69.8% |
| 每股收益（稀释后） | $1.11 | $0.30 |
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ACLSIPGP
| Q4 25 | $238.3M | $274.5M | ||
| Q3 25 | $213.6M | $250.8M | ||
| Q2 25 | $194.5M | $250.7M | ||
| Q1 25 | $192.6M | $227.8M | ||
| Q4 24 | $252.4M | $234.3M | ||
| Q3 24 | $256.6M | $233.1M | ||
| Q2 24 | $256.5M | $257.6M | ||
| Q1 24 | $252.4M | $252.0M |
净利润ACLSIPGP
| Q4 25 | $34.3M | $13.3M | ||
| Q3 25 | $26.0M | $7.5M | ||
| Q2 25 | $31.4M | $6.6M | ||
| Q1 25 | $28.6M | $3.8M | ||
| Q4 24 | $50.0M | $7.8M | ||
| Q3 24 | $48.6M | $-233.6M | ||
| Q2 24 | $50.9M | $20.2M | ||
| Q1 24 | $51.6M | $24.1M |
毛利率ACLSIPGP
| Q4 25 | 47.0% | 36.1% | ||
| Q3 25 | 41.6% | 39.5% | ||
| Q2 25 | 44.9% | 37.3% | ||
| Q1 25 | 46.1% | 39.4% | ||
| Q4 24 | 46.0% | 38.6% | ||
| Q3 24 | 42.9% | 23.2% | ||
| Q2 24 | 43.8% | 37.3% | ||
| Q1 24 | 46.0% | 38.7% |
营业利润率ACLSIPGP
| Q4 25 | 15.2% | 1.2% | ||
| Q3 25 | 11.7% | 3.1% | ||
| Q2 25 | 14.9% | 0.0% | ||
| Q1 25 | 15.1% | 0.8% | ||
| Q4 24 | 21.6% | 6.0% | ||
| Q3 24 | 18.3% | -108.7% | ||
| Q2 24 | 20.6% | 4.7% | ||
| Q1 24 | 22.4% | 7.6% |
净利率ACLSIPGP
| Q4 25 | 14.4% | 4.8% | ||
| Q3 25 | 12.2% | 3.0% | ||
| Q2 25 | 16.1% | 2.6% | ||
| Q1 25 | 14.8% | 1.6% | ||
| Q4 24 | 19.8% | 3.3% | ||
| Q3 24 | 18.9% | -100.2% | ||
| Q2 24 | 19.8% | 7.8% | ||
| Q1 24 | 20.4% | 9.6% |
每股收益（稀释后）ACLSIPGP
| Q4 25 | $1.11 | $0.30 | ||
| Q3 25 | $0.83 | $0.18 | ||
| Q2 25 | $0.98 | $0.16 | ||
| Q1 25 | $0.88 | $0.09 | ||
| Q4 24 | $1.54 | $0.27 | ||
| Q3 24 | $1.49 | $-5.33 | ||
| Q2 24 | $1.55 | $0.45 | ||
| Q1 24 | $1.57 | $0.52 |
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 | $839.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $2.1B |
| 总资产 | $1.4B | $2.4B |
| 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ACLSIPGP
| Q4 25 | $374.3M | $839.3M | ||
| Q3 25 | $449.6M | $870.4M | ||
| Q2 25 | $549.8M | $899.6M | ||
| Q1 25 | $587.1M | $926.9M | ||
| Q4 24 | $571.3M | $930.2M | ||
| Q3 24 | $579.4M | $1.0B | ||
| Q2 24 | $548.3M | $1.1B | ||
| Q1 24 | $530.2M | $1.1B |
股东权益ACLSIPGP
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.0B | $2.0B | ||
| Q3 24 | $975.6M | $2.1B | ||
| Q2 24 | $934.9M | $2.3B | ||
| Q1 24 | $901.7M | $2.3B |
总资产ACLSIPGP
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.3B | $2.6B |
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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $10.9M |
| 自由现金流率自由现金流/营收 | -3.7% | 4.0% |
| 资本支出强度资本支出/营收 | 1.0% | 6.5% |
| 现金转化率经营现金流/净利润 | -0.19× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $107.0M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流ACLSIPGP
| Q4 25 | $-6.6M | $28.8M | ||
| Q3 25 | $45.4M | $35.3M | ||
| Q2 25 | $39.7M | $-2.2M | ||
| Q1 25 | $39.8M | $13.4M | ||
| Q4 24 | $12.8M | $73.8M | ||
| Q3 24 | $45.7M | $66.1M | ||
| Q2 24 | $40.1M | $53.5M | ||
| Q1 24 | $42.2M | $54.6M |
自由现金流ACLSIPGP
| Q4 25 | $-8.9M | $10.9M | ||
| Q3 25 | $43.3M | $14.6M | ||
| Q2 25 | $37.7M | $-17.6M | ||
| Q1 25 | $34.8M | $-11.4M | ||
| Q4 24 | $8.1M | $50.6M | ||
| Q3 24 | $41.8M | $43.0M | ||
| Q2 24 | $38.1M | $29.2M | ||
| Q1 24 | $40.6M | $26.5M |
自由现金流率ACLSIPGP
| Q4 25 | -3.7% | 4.0% | ||
| Q3 25 | 20.3% | 5.8% | ||
| Q2 25 | 19.4% | -7.0% | ||
| Q1 25 | 18.1% | -5.0% | ||
| Q4 24 | 3.2% | 21.6% | ||
| Q3 24 | 16.3% | 18.4% | ||
| Q2 24 | 14.8% | 11.3% | ||
| Q1 24 | 16.1% | 10.5% |
资本支出强度ACLSIPGP
| Q4 25 | 1.0% | 6.5% | ||
| Q3 25 | 0.9% | 8.3% | ||
| Q2 25 | 1.0% | 6.1% | ||
| Q1 25 | 2.6% | 10.9% | ||
| Q4 24 | 1.8% | 9.9% | ||
| Q3 24 | 1.5% | 9.9% | ||
| Q2 24 | 0.8% | 9.4% | ||
| Q1 24 | 0.6% | 11.1% |
现金转化率ACLSIPGP
| Q4 25 | -0.19× | 2.17× | ||
| Q3 25 | 1.75× | 4.73× | ||
| Q2 25 | 1.27× | -0.34× | ||
| Q1 25 | 1.39× | 3.58× | ||
| Q4 24 | 0.26× | 9.44× | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.79× | 2.65× | ||
| Q1 24 | 0.82× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
