vs
AXCELIS TECHNOLOGIES INC（ACLS）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是AXCELIS TECHNOLOGIES INC的1.8倍（$430.0M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs 7.6%，领先6.8%），AXCELIS TECHNOLOGIES INC同比增速更快（-5.6% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $-8.9M），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% 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。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
ACLS vs PEGA — 直观对比
营收规模更大
PEGA
是对方的1.8倍
$238.3M
营收增速更快
ACLS
高出4.0%
-9.6%
净利率更高
ACLS
高出6.8%
7.6%
自由现金流更多
PEGA
多$215.4M
$-8.9M
两年增速更快
PEGA
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $430.0M |
| 净利润 | $34.3M | $32.8M |
| 毛利率 | 47.0% | 75.2% |
| 营业利润率 | 15.2% | 8.6% |
| 净利率 | 14.4% | 7.6% |
| 营收同比 | -5.6% | -9.6% |
| 净利润同比 | -31.3% | — |
| 每股收益（稀释后） | $1.11 | $0.18 |
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ACLSPEGA
| Q1 26 | — | $430.0M | ||
| Q4 25 | $238.3M | $504.3M | ||
| Q3 25 | $213.6M | $381.4M | ||
| Q2 25 | $194.5M | $384.5M | ||
| Q1 25 | $192.6M | $475.6M | ||
| Q4 24 | $252.4M | $490.8M | ||
| Q3 24 | $256.6M | $325.1M | ||
| Q2 24 | $256.5M | $351.2M |
净利润ACLSPEGA
| Q1 26 | — | $32.8M | ||
| Q4 25 | $34.3M | $234.6M | ||
| Q3 25 | $26.0M | $43.4M | ||
| Q2 25 | $31.4M | $30.1M | ||
| Q1 25 | $28.6M | $85.4M | ||
| Q4 24 | $50.0M | $119.1M | ||
| Q3 24 | $48.6M | $-14.4M | ||
| Q2 24 | $50.9M | $6.6M |
毛利率ACLSPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | 47.0% | 79.5% | ||
| Q3 25 | 41.6% | 72.2% | ||
| Q2 25 | 44.9% | 71.5% | ||
| Q1 25 | 46.1% | 78.5% | ||
| Q4 24 | 46.0% | 79.1% | ||
| Q3 24 | 42.9% | 70.2% | ||
| Q2 24 | 43.8% | 72.4% |
营业利润率ACLSPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | 15.2% | 20.7% | ||
| Q3 25 | 11.7% | 3.8% | ||
| Q2 25 | 14.9% | 4.5% | ||
| Q1 25 | 15.1% | 26.7% | ||
| Q4 24 | 21.6% | 29.1% | ||
| Q3 24 | 18.3% | -3.6% | ||
| Q2 24 | 20.6% | 3.7% |
净利率ACLSPEGA
| Q1 26 | — | 7.6% | ||
| Q4 25 | 14.4% | 46.5% | ||
| Q3 25 | 12.2% | 11.4% | ||
| Q2 25 | 16.1% | 7.8% | ||
| Q1 25 | 14.8% | 18.0% | ||
| Q4 24 | 19.8% | 24.3% | ||
| Q3 24 | 18.9% | -4.4% | ||
| Q2 24 | 19.8% | 1.9% |
每股收益（稀释后）ACLSPEGA
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.11 | $0.81 | ||
| Q3 25 | $0.83 | $0.24 | ||
| Q2 25 | $0.98 | $0.17 | ||
| Q1 25 | $0.88 | $0.91 | ||
| Q4 24 | $1.54 | $1.35 | ||
| Q3 24 | $1.49 | $-0.17 | ||
| Q2 24 | $1.55 | $0.07 |
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 | $270.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $705.9M |
| 总资产 | $1.4B | $1.6B |
| 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ACLSPEGA
| Q1 26 | — | $270.0M | ||
| Q4 25 | $374.3M | $425.8M | ||
| Q3 25 | $449.6M | $351.4M | ||
| Q2 25 | $549.8M | $411.6M | ||
| Q1 25 | $587.1M | $371.7M | ||
| Q4 24 | $571.3M | $740.0M | ||
| Q3 24 | $579.4M | $703.0M | ||
| Q2 24 | $548.3M | $665.1M |
股东权益ACLSPEGA
| Q1 26 | — | $705.9M | ||
| Q4 25 | $1.0B | $787.4M | ||
| Q3 25 | $1.0B | $596.8M | ||
| Q2 25 | $1.0B | $624.5M | ||
| Q1 25 | $1.0B | $611.3M | ||
| Q4 24 | $1.0B | $585.5M | ||
| Q3 24 | $975.6M | $473.0M | ||
| Q2 24 | $934.9M | $435.4M |
总资产ACLSPEGA
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B |
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 | $206.5M |
| 自由现金流率自由现金流/营收 | -3.7% | 48.0% |
| 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 | $494.9M |
8季度趋势，按日历期对齐
经营现金流ACLSPEGA
| Q1 26 | — | — | ||
| Q4 25 | $-6.6M | $158.4M | ||
| Q3 25 | $45.4M | $56.3M | ||
| Q2 25 | $39.7M | $86.3M | ||
| Q1 25 | $39.8M | $204.2M | ||
| Q4 24 | $12.8M | $95.2M | ||
| Q3 24 | $45.7M | $30.5M | ||
| Q2 24 | $40.1M | $40.1M |
自由现金流ACLSPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-8.9M | $152.4M | ||
| Q3 25 | $43.3M | $51.8M | ||
| Q2 25 | $37.7M | $84.1M | ||
| Q1 25 | $34.8M | $202.3M | ||
| Q4 24 | $8.1M | $92.4M | ||
| Q3 24 | $41.8M | $27.4M | ||
| Q2 24 | $38.1M | $38.8M |
自由现金流率ACLSPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | -3.7% | 30.2% | ||
| Q3 25 | 20.3% | 13.6% | ||
| Q2 25 | 19.4% | 21.9% | ||
| Q1 25 | 18.1% | 42.5% | ||
| Q4 24 | 3.2% | 18.8% | ||
| Q3 24 | 16.3% | 8.4% | ||
| Q2 24 | 14.8% | 11.1% |
资本支出强度ACLSPEGA
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 1.2% | ||
| Q3 25 | 0.9% | 1.2% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 2.6% | 0.4% | ||
| Q4 24 | 1.8% | 0.6% | ||
| Q3 24 | 1.5% | 0.9% | ||
| Q2 24 | 0.8% | 0.4% |
现金转化率ACLSPEGA
| Q1 26 | — | — | ||
| Q4 25 | -0.19× | 0.68× | ||
| Q3 25 | 1.75× | 1.30× | ||
| Q2 25 | 1.27× | 2.87× | ||
| Q1 25 | 1.39× | 2.39× | ||
| Q4 24 | 0.26× | 0.80× | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.79× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
