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AXCELIS TECHNOLOGIES INC（ACLS）与Waystar Holding Corp.（WAY）财务数据对比。点击上方公司名可切换其他公司
Waystar Holding Corp.的季度营收约是AXCELIS TECHNOLOGIES INC的1.3倍（$313.9M vs $238.3M），AXCELIS TECHNOLOGIES INC净利率更高（14.4% vs 13.8%，领先0.6%），Waystar Holding Corp.同比增速更快（22.4% vs -5.6%），Waystar Holding Corp.自由现金流更多（$90.3M vs $-8.9M），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
ACLS vs WAY — 直观对比
营收规模更大
WAY
是对方的1.3倍
$238.3M
营收增速更快
WAY
高出28.0%
-5.6%
净利率更高
ACLS
高出0.6%
13.8%
自由现金流更多
WAY
多$99.2M
$-8.9M
两年增速更快
WAY
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $238.3M | $313.9M |
| 净利润 | $34.3M | $43.3M |
| 毛利率 | 47.0% | — |
| 营业利润率 | 15.2% | 25.6% |
| 净利率 | 14.4% | 13.8% |
| 营收同比 | -5.6% | 22.4% |
| 净利润同比 | -31.3% | 47.9% |
| 每股收益（稀释后） | $1.11 | $0.42 |
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ACLSWAY
| Q1 26 | — | $313.9M | ||
| Q4 25 | $238.3M | $303.5M | ||
| Q3 25 | $213.6M | $268.7M | ||
| Q2 25 | $194.5M | $270.7M | ||
| Q1 25 | $192.6M | $256.4M | ||
| Q4 24 | $252.4M | $244.1M | ||
| Q3 24 | $256.6M | $240.1M | ||
| Q2 24 | $256.5M | $234.5M |
净利润ACLSWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | $34.3M | $20.0M | ||
| Q3 25 | $26.0M | $30.6M | ||
| Q2 25 | $31.4M | $32.2M | ||
| Q1 25 | $28.6M | $29.3M | ||
| Q4 24 | $50.0M | $19.1M | ||
| Q3 24 | $48.6M | $5.4M | ||
| Q2 24 | $50.9M | $-27.7M |
毛利率ACLSWAY
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ACLSWAY
| Q1 26 | — | 25.6% | ||
| Q4 25 | 15.2% | 19.4% | ||
| Q3 25 | 11.7% | 22.4% | ||
| Q2 25 | 14.9% | 24.0% | ||
| Q1 25 | 15.1% | 25.4% | ||
| Q4 24 | 21.6% | 21.8% | ||
| Q3 24 | 18.3% | 11.3% | ||
| Q2 24 | 20.6% | 3.5% |
净利率ACLSWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | 14.4% | 6.6% | ||
| Q3 25 | 12.2% | 11.4% | ||
| Q2 25 | 16.1% | 11.9% | ||
| Q1 25 | 14.8% | 11.4% | ||
| Q4 24 | 19.8% | 7.8% | ||
| Q3 24 | 18.9% | 2.3% | ||
| Q2 24 | 19.8% | -11.8% |
每股收益（稀释后）ACLSWAY
| Q1 26 | — | $0.42 | ||
| Q4 25 | $1.11 | $0.10 | ||
| Q3 25 | $0.83 | $0.17 | ||
| Q2 25 | $0.98 | $0.18 | ||
| Q1 25 | $0.88 | $0.16 | ||
| Q4 24 | $1.54 | $0.18 | ||
| Q3 24 | $1.49 | $0.03 | ||
| Q2 24 | $1.55 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | — | $13.5M |
| 股东权益账面价值 | $1.0B | $3.9B |
| 总资产 | $1.4B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ACLSWAY
| Q1 26 | — | $34.3M | ||
| Q4 25 | $374.3M | $61.4M | ||
| Q3 25 | $449.6M | $421.1M | ||
| Q2 25 | $549.8M | $290.3M | ||
| Q1 25 | $587.1M | $224.0M | ||
| Q4 24 | $571.3M | $182.1M | ||
| Q3 24 | $579.4M | $127.1M | ||
| Q2 24 | $548.3M | $68.4M |
总债务ACLSWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACLSWAY
| Q1 26 | — | $3.9B | ||
| Q4 25 | $1.0B | $3.9B | ||
| Q3 25 | $1.0B | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $1.0B | $3.1B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $975.6M | $3.1B | ||
| Q2 24 | $934.9M | $2.9B |
总资产ACLSWAY
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.4B | $5.8B | ||
| Q3 25 | $1.4B | $4.7B | ||
| Q2 25 | $1.3B | $4.7B | ||
| Q1 25 | $1.3B | $4.6B | ||
| Q4 24 | $1.3B | $4.6B | ||
| Q3 24 | $1.3B | $4.5B | ||
| Q2 24 | $1.3B | $4.6B |
负债/权益比ACLSWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $90.3M |
| 自由现金流率自由现金流/营收 | -3.7% | 28.8% |
| 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× | 1.96× |
| 过去12个月自由现金流最近4个季度 | $107.0M | $314.6M |
8季度趋势，按日历期对齐
经营现金流ACLSWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | $-6.6M | $66.6M | ||
| Q3 25 | $45.4M | $82.0M | ||
| Q2 25 | $39.7M | $96.8M | ||
| Q1 25 | $39.8M | $64.2M | ||
| Q4 24 | $12.8M | — | ||
| Q3 24 | $45.7M | $78.8M | ||
| Q2 24 | $40.1M | $15.4M |
自由现金流ACLSWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | $-8.9M | $57.2M | ||
| Q3 25 | $43.3M | $76.2M | ||
| Q2 25 | $37.7M | $91.0M | ||
| Q1 25 | $34.8M | $58.8M | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | $41.8M | $70.2M | ||
| Q2 24 | $38.1M | $8.6M |
自由现金流率ACLSWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | -3.7% | 18.9% | ||
| Q3 25 | 20.3% | 28.3% | ||
| Q2 25 | 19.4% | 33.6% | ||
| Q1 25 | 18.1% | 22.9% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 16.3% | 29.2% | ||
| Q2 24 | 14.8% | 3.7% |
资本支出强度ACLSWAY
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 3.1% | ||
| Q3 25 | 0.9% | 2.2% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 2.6% | 2.1% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.5% | 3.6% | ||
| Q2 24 | 0.8% | 2.9% |
现金转化率ACLSWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | -0.19× | 3.33× | ||
| Q3 25 | 1.75× | 2.68× | ||
| Q2 25 | 1.27× | 3.01× | ||
| Q1 25 | 1.39× | 2.20× | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.94× | 14.56× | ||
| Q2 24 | 0.79× | — |
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% |
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
