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AXCELIS TECHNOLOGIES INC（ACLS）与PLUG POWER INC（PLUG）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PLUG POWER INC的1.1倍（$238.3M vs $225.2M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs -375.6%，领先390.0%），PLUG POWER INC同比增速更快（17.6% vs -5.6%），AXCELIS TECHNOLOGIES INC自由现金流更多（$-8.9M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
ACLS vs PLUG — 直观对比
营收规模更大
ACLS
是对方的1.1倍
$225.2M
营收增速更快
PLUG
高出23.2%
-5.6%
净利率更高
ACLS
高出390.0%
-375.6%
自由现金流更多
ACLS
多$144.1M
$-153.0M
两年增速更快
PLUG
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $225.2M |
| 净利润 | $34.3M | $-846.0M |
| 毛利率 | 47.0% | 2.4% |
| 营业利润率 | 15.2% | -338.9% |
| 净利率 | 14.4% | -375.6% |
| 营收同比 | -5.6% | 17.6% |
| 净利润同比 | -31.3% | 36.7% |
| 每股收益（稀释后） | $1.11 | $-0.70 |
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ACLSPLUG
| Q4 25 | $238.3M | $225.2M | ||
| Q3 25 | $213.6M | $177.1M | ||
| Q2 25 | $194.5M | $174.0M | ||
| Q1 25 | $192.6M | $133.7M | ||
| Q4 24 | $252.4M | $191.5M | ||
| Q3 24 | $256.6M | $173.7M | ||
| Q2 24 | $256.5M | $143.3M | ||
| Q1 24 | $252.4M | $120.3M |
净利润ACLSPLUG
| Q4 25 | $34.3M | $-846.0M | ||
| Q3 25 | $26.0M | $-361.9M | ||
| Q2 25 | $31.4M | $-227.1M | ||
| Q1 25 | $28.6M | $-196.7M | ||
| Q4 24 | $50.0M | $-1.3B | ||
| Q3 24 | $48.6M | $-211.2M | ||
| Q2 24 | $50.9M | $-262.3M | ||
| Q1 24 | $51.6M | $-295.8M |
毛利率ACLSPLUG
| Q4 25 | 47.0% | 2.4% | ||
| Q3 25 | 41.6% | -67.9% | ||
| Q2 25 | 44.9% | -30.7% | ||
| Q1 25 | 46.1% | -55.3% | ||
| Q4 24 | 46.0% | -122.5% | ||
| Q3 24 | 42.9% | -57.6% | ||
| Q2 24 | 43.8% | -91.6% | ||
| Q1 24 | 46.0% | -132.3% |
营业利润率ACLSPLUG
| Q4 25 | 15.2% | -338.9% | ||
| Q3 25 | 11.7% | -197.0% | ||
| Q2 25 | 14.9% | -101.7% | ||
| Q1 25 | 15.1% | -133.5% | ||
| Q4 24 | 21.6% | -678.7% | ||
| Q3 24 | 18.3% | -124.4% | ||
| Q2 24 | 20.6% | -170.7% | ||
| Q1 24 | 22.4% | -215.7% |
净利率ACLSPLUG
| Q4 25 | 14.4% | -375.6% | ||
| Q3 25 | 12.2% | -204.4% | ||
| Q2 25 | 16.1% | -130.5% | ||
| Q1 25 | 14.8% | -147.1% | ||
| Q4 24 | 19.8% | -697.5% | ||
| Q3 24 | 18.9% | -121.5% | ||
| Q2 24 | 19.8% | -183.0% | ||
| Q1 24 | 20.4% | -245.9% |
每股收益（稀释后）ACLSPLUG
| Q4 25 | $1.11 | $-0.70 | ||
| Q3 25 | $0.83 | $-0.31 | ||
| Q2 25 | $0.98 | $-0.20 | ||
| Q1 25 | $0.88 | $-0.21 | ||
| Q4 24 | $1.54 | $-1.61 | ||
| Q3 24 | $1.49 | $-0.25 | ||
| Q2 24 | $1.55 | $-0.36 | ||
| Q1 24 | $1.57 | $-0.46 |
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 | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $978.1M |
| 总资产 | $1.4B | $2.6B |
| 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ACLSPLUG
| Q4 25 | $374.3M | $368.5M | ||
| Q3 25 | $449.6M | $165.9M | ||
| Q2 25 | $549.8M | $140.7M | ||
| Q1 25 | $587.1M | $295.8M | ||
| Q4 24 | $571.3M | $205.7M | ||
| Q3 24 | $579.4M | $93.9M | ||
| Q2 24 | $548.3M | $62.4M | ||
| Q1 24 | $530.2M | $172.9M |
总债务ACLSPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益ACLSPLUG
| Q4 25 | $1.0B | $978.1M | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $975.6M | $3.0B | ||
| Q2 24 | $934.9M | $3.0B | ||
| Q1 24 | $901.7M | $2.9B |
总资产ACLSPLUG
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.4B | $3.1B | ||
| Q2 25 | $1.3B | $3.4B | ||
| Q1 25 | $1.3B | $3.6B | ||
| Q4 24 | $1.3B | $3.6B | ||
| Q3 24 | $1.3B | $4.7B | ||
| Q2 24 | $1.3B | $4.8B | ||
| Q1 24 | $1.3B | $4.8B |
负债/权益比ACLSPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $-153.0M |
| 自由现金流率自由现金流/营收 | -3.7% | -67.9% |
| 资本支出强度资本支出/营收 | 1.0% | 1.9% |
| 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 | $-647.0M |
8季度趋势，按日历期对齐
经营现金流ACLSPLUG
| Q4 25 | $-6.6M | $-148.6M | ||
| Q3 25 | $45.4M | $-89.8M | ||
| Q2 25 | $39.7M | $-191.8M | ||
| Q1 25 | $39.8M | $-105.6M | ||
| Q4 24 | $12.8M | $-131.2M | ||
| Q3 24 | $45.7M | $-174.9M | ||
| Q2 24 | $40.1M | $-254.7M | ||
| Q1 24 | $42.2M | $-167.7M |
自由现金流ACLSPLUG
| Q4 25 | $-8.9M | $-153.0M | ||
| Q3 25 | $43.3M | $-117.5M | ||
| Q2 25 | $37.7M | $-230.4M | ||
| Q1 25 | $34.8M | $-146.0M | ||
| Q4 24 | $8.1M | $-165.2M | ||
| Q3 24 | $41.8M | $-234.2M | ||
| Q2 24 | $38.1M | $-356.0M | ||
| Q1 24 | $40.6M | $-260.3M |
自由现金流率ACLSPLUG
| Q4 25 | -3.7% | -67.9% | ||
| Q3 25 | 20.3% | -66.4% | ||
| Q2 25 | 19.4% | -132.5% | ||
| Q1 25 | 18.1% | -109.2% | ||
| Q4 24 | 3.2% | -86.3% | ||
| Q3 24 | 16.3% | -134.8% | ||
| Q2 24 | 14.8% | -248.4% | ||
| Q1 24 | 16.1% | -216.5% |
资本支出强度ACLSPLUG
| Q4 25 | 1.0% | 1.9% | ||
| Q3 25 | 0.9% | 15.6% | ||
| Q2 25 | 1.0% | 22.2% | ||
| Q1 25 | 2.6% | 30.3% | ||
| Q4 24 | 1.8% | 17.7% | ||
| Q3 24 | 1.5% | 34.1% | ||
| Q2 24 | 0.8% | 70.7% | ||
| Q1 24 | 0.6% | 77.0% |
现金转化率ACLSPLUG
| 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× | — |
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% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
