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AXCELIS TECHNOLOGIES INC（ACLS）与SPS COMMERCE INC（SPSC）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SPS COMMERCE INC的1.2倍（$238.3M vs $192.7M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs 13.4%，领先1.0%），SPS COMMERCE INC同比增速更快（12.7% vs -5.6%），SPS COMMERCE INC自由现金流更多（$38.2M vs $-8.9M），过去两年SPS COMMERCE INC的营收复合增速更高（13.5% 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。
SPS Commerce是美国的应用软件科技企业，主打云端供应链管理软件解决方案，总部位于明尼苏达州明尼阿波利斯。除新泽西的美国本土办公室外，公司还在阿姆斯特丹、北京、香港、墨尔本、悉尼、多伦多等全球多地设有分支机构。
ACLS vs SPSC — 直观对比
营收规模更大
ACLS
是对方的1.2倍
$192.7M
营收增速更快
SPSC
高出18.3%
-5.6%
净利率更高
ACLS
高出1.0%
13.4%
自由现金流更多
SPSC
多$47.1M
$-8.9M
两年增速更快
SPSC
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $192.7M |
| 净利润 | $34.3M | $25.8M |
| 毛利率 | 47.0% | 70.4% |
| 营业利润率 | 15.2% | 18.0% |
| 净利率 | 14.4% | 13.4% |
| 营收同比 | -5.6% | 12.7% |
| 净利润同比 | -31.3% | 47.2% |
| 每股收益（稀释后） | $1.11 | $0.69 |
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ACLSSPSC
| Q4 25 | $238.3M | $192.7M | ||
| Q3 25 | $213.6M | $189.9M | ||
| Q2 25 | $194.5M | $187.4M | ||
| Q1 25 | $192.6M | $181.5M | ||
| Q4 24 | $252.4M | $170.9M | ||
| Q3 24 | $256.6M | $163.7M | ||
| Q2 24 | $256.5M | $153.6M | ||
| Q1 24 | $252.4M | $149.6M |
净利润ACLSSPSC
| Q4 25 | $34.3M | $25.8M | ||
| Q3 25 | $26.0M | $25.6M | ||
| Q2 25 | $31.4M | $19.7M | ||
| Q1 25 | $28.6M | $22.2M | ||
| Q4 24 | $50.0M | $17.6M | ||
| Q3 24 | $48.6M | $23.5M | ||
| Q2 24 | $50.9M | $18.0M | ||
| Q1 24 | $51.6M | $18.0M |
毛利率ACLSSPSC
| Q4 25 | 47.0% | 70.4% | ||
| Q3 25 | 41.6% | 69.5% | ||
| Q2 25 | 44.9% | 68.1% | ||
| Q1 25 | 46.1% | 68.7% | ||
| Q4 24 | 46.0% | 67.5% | ||
| Q3 24 | 42.9% | 68.5% | ||
| Q2 24 | 43.8% | 66.1% | ||
| Q1 24 | 46.0% | 65.6% |
营业利润率ACLSSPSC
| Q4 25 | 15.2% | 18.0% | ||
| Q3 25 | 11.7% | 16.4% | ||
| Q2 25 | 14.9% | 14.1% | ||
| Q1 25 | 15.1% | 14.3% | ||
| Q4 24 | 21.6% | 14.5% | ||
| Q3 24 | 18.3% | 15.6% | ||
| Q2 24 | 20.6% | 15.1% | ||
| Q1 24 | 22.4% | 10.3% |
净利率ACLSSPSC
| Q4 25 | 14.4% | 13.4% | ||
| Q3 25 | 12.2% | 13.5% | ||
| Q2 25 | 16.1% | 10.5% | ||
| Q1 25 | 14.8% | 12.2% | ||
| Q4 24 | 19.8% | 10.3% | ||
| Q3 24 | 18.9% | 14.3% | ||
| Q2 24 | 19.8% | 11.7% | ||
| Q1 24 | 20.4% | 12.0% |
每股收益（稀释后）ACLSSPSC
| Q4 25 | $1.11 | $0.69 | ||
| Q3 25 | $0.83 | $0.67 | ||
| Q2 25 | $0.98 | $0.52 | ||
| Q1 25 | $0.88 | $0.58 | ||
| Q4 24 | $1.54 | $0.46 | ||
| Q3 24 | $1.49 | $0.62 | ||
| Q2 24 | $1.55 | $0.48 | ||
| Q1 24 | $1.57 | $0.48 |
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 | $151.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $973.9M |
| 总资产 | $1.4B | $1.2B |
| 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ACLSSPSC
| Q4 25 | $374.3M | $151.4M | ||
| Q3 25 | $449.6M | $133.7M | ||
| Q2 25 | $549.8M | $107.6M | ||
| Q1 25 | $587.1M | $94.9M | ||
| Q4 24 | $571.3M | $241.0M | ||
| Q3 24 | $579.4M | $205.8M | ||
| Q2 24 | $548.3M | $271.8M | ||
| Q1 24 | $530.2M | $290.8M |
股东权益ACLSSPSC
| Q4 25 | $1.0B | $973.9M | ||
| Q3 25 | $1.0B | $958.9M | ||
| Q2 25 | $1.0B | $949.8M | ||
| Q1 25 | $1.0B | $920.9M | ||
| Q4 24 | $1.0B | $854.7M | ||
| Q3 24 | $975.6M | $829.4M | ||
| Q2 24 | $934.9M | $703.4M | ||
| Q1 24 | $901.7M | $683.0M |
总资产ACLSSPSC
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $854.5M | ||
| Q1 24 | $1.3B | $839.8M |
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 | $45.9M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $38.2M |
| 自由现金流率自由现金流/营收 | -3.7% | 19.8% |
| 资本支出强度资本支出/营收 | 1.0% | 4.0% |
| 现金转化率经营现金流/净利润 | -0.19× | 1.78× |
| 过去12个月自由现金流最近4个季度 | $107.0M | $152.3M |
8季度趋势，按日历期对齐
经营现金流ACLSSPSC
| Q4 25 | $-6.6M | $45.9M | ||
| Q3 25 | $45.4M | $60.6M | ||
| Q2 25 | $39.7M | $32.3M | ||
| Q1 25 | $39.8M | $40.0M | ||
| Q4 24 | $12.8M | $40.6M | ||
| Q3 24 | $45.7M | $53.3M | ||
| Q2 24 | $40.1M | $29.4M | ||
| Q1 24 | $42.2M | $34.1M |
自由现金流ACLSSPSC
| Q4 25 | $-8.9M | $38.2M | ||
| Q3 25 | $43.3M | $54.6M | ||
| Q2 25 | $37.7M | $25.7M | ||
| Q1 25 | $34.8M | $33.8M | ||
| Q4 24 | $8.1M | $34.3M | ||
| Q3 24 | $41.8M | $48.1M | ||
| Q2 24 | $38.1M | $24.4M | ||
| Q1 24 | $40.6M | $30.5M |
自由现金流率ACLSSPSC
| Q4 25 | -3.7% | 19.8% | ||
| Q3 25 | 20.3% | 28.7% | ||
| Q2 25 | 19.4% | 13.7% | ||
| Q1 25 | 18.1% | 18.6% | ||
| Q4 24 | 3.2% | 20.1% | ||
| Q3 24 | 16.3% | 29.4% | ||
| Q2 24 | 14.8% | 15.9% | ||
| Q1 24 | 16.1% | 20.4% |
资本支出强度ACLSSPSC
| Q4 25 | 1.0% | 4.0% | ||
| Q3 25 | 0.9% | 3.2% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 2.6% | 3.4% | ||
| Q4 24 | 1.8% | 3.6% | ||
| Q3 24 | 1.5% | 3.2% | ||
| Q2 24 | 0.8% | 3.3% | ||
| Q1 24 | 0.6% | 2.4% |
现金转化率ACLSSPSC
| Q4 25 | -0.19× | 1.78× | ||
| Q3 25 | 1.75× | 2.37× | ||
| Q2 25 | 1.27× | 1.64× | ||
| Q1 25 | 1.39× | 1.80× | ||
| Q4 24 | 0.26× | 2.31× | ||
| Q3 24 | 0.94× | 2.27× | ||
| Q2 24 | 0.79× | 1.63× | ||
| Q1 24 | 0.82× | 1.89× |
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% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
