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AXCELIS TECHNOLOGIES INC（ACLS）与TheRealReal, Inc.（REAL）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TheRealReal, Inc.的1.2倍（$238.3M vs $194.1M），TheRealReal, Inc.同比增速更快（18.3% vs -5.6%），TheRealReal, Inc.自由现金流更多（$45.8M vs $-8.9M），过去两年TheRealReal, Inc.的营收复合增速更高（16.2% 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。
TheRealReal是专业的奢侈品线上交易平台，所有在售商品均经过专业人员鉴定，可满足用户买卖二手奢侈品的需求。截至2023年9月30日，平台会员规模已超3800万，累计售出商品近4000万件。
ACLS vs REAL — 直观对比
营收规模更大
ACLS
是对方的1.2倍
$194.1M
营收增速更快
REAL
高出23.9%
-5.6%
自由现金流更多
REAL
多$54.7M
$-8.9M
两年增速更快
REAL
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $194.1M |
| 净利润 | $34.3M | — |
| 毛利率 | 47.0% | 74.8% |
| 营业利润率 | 15.2% | 3.2% |
| 净利率 | 14.4% | — |
| 营收同比 | -5.6% | 18.3% |
| 净利润同比 | -31.3% | — |
| 每股收益（稀释后） | $1.11 | $0.06 |
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ACLSREAL
| Q4 25 | $238.3M | $194.1M | ||
| Q3 25 | $213.6M | $173.6M | ||
| Q2 25 | $194.5M | $165.2M | ||
| Q1 25 | $192.6M | $160.0M | ||
| Q4 24 | $252.4M | $164.0M | ||
| Q3 24 | $256.6M | $147.8M | ||
| Q2 24 | $256.5M | $144.9M | ||
| Q1 24 | $252.4M | $143.8M |
净利润ACLSREAL
| Q4 25 | $34.3M | — | ||
| Q3 25 | $26.0M | $-54.1M | ||
| Q2 25 | $31.4M | $-11.4M | ||
| Q1 25 | $28.6M | $62.4M | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $48.6M | $-17.9M | ||
| Q2 24 | $50.9M | $-16.7M | ||
| Q1 24 | $51.6M | $-31.1M |
毛利率ACLSREAL
| Q4 25 | 47.0% | 74.8% | ||
| Q3 25 | 41.6% | 74.3% | ||
| Q2 25 | 44.9% | 74.3% | ||
| Q1 25 | 46.1% | 75.0% | ||
| Q4 24 | 46.0% | 74.4% | ||
| Q3 24 | 42.9% | 74.9% | ||
| Q2 24 | 43.8% | 74.1% | ||
| Q1 24 | 46.0% | 74.6% |
营业利润率ACLSREAL
| Q4 25 | 15.2% | 3.2% | ||
| Q3 25 | 11.7% | -4.3% | ||
| Q2 25 | 14.9% | -6.0% | ||
| Q1 25 | 15.1% | -8.0% | ||
| Q4 24 | 21.6% | -3.1% | ||
| Q3 24 | 18.3% | -9.9% | ||
| Q2 24 | 20.6% | -13.0% | ||
| Q1 24 | 22.4% | -12.5% |
净利率ACLSREAL
| Q4 25 | 14.4% | — | ||
| Q3 25 | 12.2% | -31.1% | ||
| Q2 25 | 16.1% | -6.9% | ||
| Q1 25 | 14.8% | 39.0% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 18.9% | -12.1% | ||
| Q2 24 | 19.8% | -11.5% | ||
| Q1 24 | 20.4% | -21.6% |
每股收益（稀释后）ACLSREAL
| Q4 25 | $1.11 | $0.06 | ||
| Q3 25 | $0.83 | $-0.49 | ||
| Q2 25 | $0.98 | $-0.13 | ||
| Q1 25 | $0.88 | $-0.14 | ||
| Q4 24 | $1.54 | $-0.57 | ||
| Q3 24 | $1.49 | $-0.17 | ||
| Q2 24 | $1.55 | $-0.20 | ||
| Q1 24 | $1.57 | $-0.30 |
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 | $151.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $-415.5M |
| 总资产 | $1.4B | $409.0M |
| 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ACLSREAL
| Q4 25 | $374.3M | $151.2M | ||
| Q3 25 | $449.6M | $108.4M | ||
| Q2 25 | $549.8M | $94.3M | ||
| Q1 25 | $587.1M | $139.6M | ||
| Q4 24 | $571.3M | $172.2M | ||
| Q3 24 | $579.4M | $153.2M | ||
| Q2 24 | $548.3M | $150.7M | ||
| Q1 24 | $530.2M | $166.0M |
股东权益ACLSREAL
| Q4 25 | $1.0B | $-415.5M | ||
| Q3 25 | $1.0B | $-385.1M | ||
| Q2 25 | $1.0B | $-338.2M | ||
| Q1 25 | $1.0B | $-336.1M | ||
| Q4 24 | $1.0B | $-407.4M | ||
| Q3 24 | $975.6M | $-345.4M | ||
| Q2 24 | $934.9M | $-335.3M | ||
| Q1 24 | $901.7M | $-327.1M |
总资产ACLSREAL
| Q4 25 | $1.4B | $409.0M | ||
| Q3 25 | $1.4B | $366.2M | ||
| Q2 25 | $1.3B | $349.4M | ||
| Q1 25 | $1.3B | $400.4M | ||
| Q4 24 | $1.3B | $423.1M | ||
| Q3 24 | $1.3B | $406.3M | ||
| Q2 24 | $1.3B | $407.4M | ||
| Q1 24 | $1.3B | $431.6M |
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 | $49.5M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $45.8M |
| 自由现金流率自由现金流/营收 | -3.7% | 23.6% |
| 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 | $18.4M |
8季度趋势，按日历期对齐
经营现金流ACLSREAL
| Q4 25 | $-6.6M | $49.5M | ||
| Q3 25 | $45.4M | $19.3M | ||
| Q2 25 | $39.7M | $-3.6M | ||
| Q1 25 | $39.8M | $-28.3M | ||
| Q4 24 | $12.8M | $28.0M | ||
| Q3 24 | $45.7M | $9.1M | ||
| Q2 24 | $40.1M | $-6.8M | ||
| Q1 24 | $42.2M | $-3.5M |
自由现金流ACLSREAL
| Q4 25 | $-8.9M | $45.8M | ||
| Q3 25 | $43.3M | $16.9M | ||
| Q2 25 | $37.7M | $-11.4M | ||
| Q1 25 | $34.8M | $-33.0M | ||
| Q4 24 | $8.1M | $22.9M | ||
| Q3 24 | $41.8M | $5.0M | ||
| Q2 24 | $38.1M | $-9.8M | ||
| Q1 24 | $40.6M | $-5.6M |
自由现金流率ACLSREAL
| Q4 25 | -3.7% | 23.6% | ||
| Q3 25 | 20.3% | 9.7% | ||
| Q2 25 | 19.4% | -6.9% | ||
| Q1 25 | 18.1% | -20.6% | ||
| Q4 24 | 3.2% | 14.0% | ||
| Q3 24 | 16.3% | 3.4% | ||
| Q2 24 | 14.8% | -6.7% | ||
| Q1 24 | 16.1% | -3.9% |
资本支出强度ACLSREAL
| Q4 25 | 1.0% | 1.9% | ||
| Q3 25 | 0.9% | 1.4% | ||
| Q2 25 | 1.0% | 4.7% | ||
| Q1 25 | 2.6% | 2.9% | ||
| Q4 24 | 1.8% | 3.1% | ||
| Q3 24 | 1.5% | 2.7% | ||
| Q2 24 | 0.8% | 2.1% | ||
| Q1 24 | 0.6% | 1.5% |
现金转化率ACLSREAL
| Q4 25 | -0.19× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.39× | -0.45× | ||
| 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% |
REAL
| Services | $149.0M | 77% |
| Products | $27.2M | 14% |
| Shipping And Handling | $17.8M | 9% |
