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AXCELIS TECHNOLOGIES INC（ACLS）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是AXCELIS TECHNOLOGIES INC的1.2倍（$296.1M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs 6.3%，领先8.1%），Upstart Holdings, Inc.同比增速更快（35.2% vs -5.6%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $-8.9M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
ACLS vs UPST — 直观对比
营收规模更大
UPST
是对方的1.2倍
$238.3M
营收增速更快
UPST
高出40.8%
-5.6%
净利率更高
ACLS
高出8.1%
6.3%
自由现金流更多
UPST
多$117.3M
$-8.9M
两年增速更快
UPST
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $296.1M |
| 净利润 | $34.3M | $18.6M |
| 毛利率 | 47.0% | — |
| 营业利润率 | 15.2% | 6.4% |
| 净利率 | 14.4% | 6.3% |
| 营收同比 | -5.6% | 35.2% |
| 净利润同比 | -31.3% | 776.4% |
| 每股收益（稀释后） | $1.11 | $0.20 |
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ACLSUPST
| Q4 25 | $238.3M | $296.1M | ||
| Q3 25 | $213.6M | $277.1M | ||
| Q2 25 | $194.5M | $257.3M | ||
| Q1 25 | $192.6M | $213.4M | ||
| Q4 24 | $252.4M | $219.0M | ||
| Q3 24 | $256.6M | $162.1M | ||
| Q2 24 | $256.5M | $127.6M | ||
| Q1 24 | $252.4M | $127.8M |
净利润ACLSUPST
| Q4 25 | $34.3M | $18.6M | ||
| Q3 25 | $26.0M | $31.8M | ||
| Q2 25 | $31.4M | $5.6M | ||
| Q1 25 | $28.6M | $-2.4M | ||
| Q4 24 | $50.0M | $-2.8M | ||
| Q3 24 | $48.6M | $-6.8M | ||
| Q2 24 | $50.9M | $-54.5M | ||
| Q1 24 | $51.6M | $-64.6M |
毛利率ACLSUPST
| Q4 25 | 47.0% | — | ||
| Q3 25 | 41.6% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 46.0% | — | ||
| Q3 24 | 42.9% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 46.0% | — |
营业利润率ACLSUPST
| Q4 25 | 15.2% | 6.4% | ||
| Q3 25 | 11.7% | 8.5% | ||
| Q2 25 | 14.9% | 1.8% | ||
| Q1 25 | 15.1% | -2.1% | ||
| Q4 24 | 21.6% | -2.2% | ||
| Q3 24 | 18.3% | -27.8% | ||
| Q2 24 | 20.6% | -43.5% | ||
| Q1 24 | 22.4% | -52.8% |
净利率ACLSUPST
| Q4 25 | 14.4% | 6.3% | ||
| Q3 25 | 12.2% | 11.5% | ||
| Q2 25 | 16.1% | 2.2% | ||
| Q1 25 | 14.8% | -1.1% | ||
| Q4 24 | 19.8% | -1.3% | ||
| Q3 24 | 18.9% | -4.2% | ||
| Q2 24 | 19.8% | -42.7% | ||
| Q1 24 | 20.4% | -50.5% |
每股收益（稀释后）ACLSUPST
| Q4 25 | $1.11 | $0.20 | ||
| Q3 25 | $0.83 | $0.23 | ||
| Q2 25 | $0.98 | $0.05 | ||
| Q1 25 | $0.88 | $-0.03 | ||
| Q4 24 | $1.54 | $-0.01 | ||
| Q3 24 | $1.49 | $-0.07 | ||
| Q2 24 | $1.55 | $-0.62 | ||
| Q1 24 | $1.57 | $-0.74 |
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 | $652.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $798.8M |
| 总资产 | $1.4B | $3.0B |
| 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ACLSUPST
| Q4 25 | $374.3M | $652.4M | ||
| Q3 25 | $449.6M | $489.8M | ||
| Q2 25 | $549.8M | $395.9M | ||
| Q1 25 | $587.1M | $599.8M | ||
| Q4 24 | $571.3M | $788.4M | ||
| Q3 24 | $579.4M | — | ||
| Q2 24 | $548.3M | — | ||
| Q1 24 | $530.2M | — |
股东权益ACLSUPST
| Q4 25 | $1.0B | $798.8M | ||
| Q3 25 | $1.0B | $743.7M | ||
| Q2 25 | $1.0B | $722.0M | ||
| Q1 25 | $1.0B | $676.6M | ||
| Q4 24 | $1.0B | $633.2M | ||
| Q3 24 | $975.6M | $595.5M | ||
| Q2 24 | $934.9M | $594.7M | ||
| Q1 24 | $901.7M | $612.8M |
总资产ACLSUPST
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.3B | $1.9B |
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 | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $108.4M |
| 自由现金流率自由现金流/营收 | -3.7% | 36.6% |
| 资本支出强度资本支出/营收 | 1.0% | 0.1% |
| 现金转化率经营现金流/净利润 | -0.19× | 5.82× |
| 过去12个月自由现金流最近4个季度 | $107.0M | — |
8季度趋势，按日历期对齐
经营现金流ACLSUPST
| Q4 25 | $-6.6M | $108.6M | ||
| Q3 25 | $45.4M | $-122.6M | ||
| Q2 25 | $39.7M | $-120.2M | ||
| Q1 25 | $39.8M | $-13.5M | ||
| Q4 24 | $12.8M | $-110.9M | ||
| Q3 24 | $45.7M | $179.3M | ||
| Q2 24 | $40.1M | $65.3M | ||
| Q1 24 | $42.2M | $52.6M |
自由现金流ACLSUPST
| Q4 25 | $-8.9M | $108.4M | ||
| Q3 25 | $43.3M | $-122.7M | ||
| Q2 25 | $37.7M | $-120.3M | ||
| Q1 25 | $34.8M | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $41.8M | $179.2M | ||
| Q2 24 | $38.1M | $65.3M | ||
| Q1 24 | $40.6M | $51.9M |
自由现金流率ACLSUPST
| Q4 25 | -3.7% | 36.6% | ||
| Q3 25 | 20.3% | -44.3% | ||
| Q2 25 | 19.4% | -46.7% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 16.3% | 110.5% | ||
| Q2 24 | 14.8% | 51.1% | ||
| Q1 24 | 16.1% | 40.6% |
资本支出强度ACLSUPST
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 0.9% | 0.0% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 2.6% | 0.0% | ||
| Q4 24 | 1.8% | 0.0% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 0.8% | 0.0% | ||
| Q1 24 | 0.6% | 0.5% |
现金转化率ACLSUPST
| Q4 25 | -0.19× | 5.82× | ||
| Q3 25 | 1.75× | -3.86× | ||
| Q2 25 | 1.27× | -21.43× | ||
| 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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
