Axcelis Technologies, Inc. (ACLS) Margin Analysis

Axcelis Technologies, Inc.

ACLS (NASDAQ)

(%)

Models
Axcelis Technologies, Inc. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 14	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	839	839	1,018	1,131	920
Revenue Growth Rate	0%	-17.57%	-9.97%	22.89%	38.88%
Cost of Revenue	462.2	462.2	563.2	639.3	518.2
Gross Profit	376.8	376.8	454.7	491.3	401.8
Gross Margin	44.91%	44.91%	44.67%	43.45%	43.67%
Operating Income	119.3	119.3	210.8	265.8	212.4
Operating Margin	14.22%	14.22%	20.71%	23.51%	23.08%
Net Income	120.2	120.2	201	246.3	183.1
Net Margin	14.33%	14.33%	19.75%	21.78%	19.9%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 14	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	839	839	1,018	1,131	920
Cash from Operating Activities	118.3	118.3	140.8	156.9	215.6
Cash from Operating Activities Margin	14.1%	14.1%	13.83%	13.87%	23.44%
Free Cash Flow	107	107	128.6	136.2	204.9
Free Cash Flow Margin	12.75%	12.75%	12.64%	12.05%	22.27%
Depreciation and Amortization	17.59	17.61	15.81	13.07	11.61
Depreciation and Amortization Margin	2.1%	2.1%	1.55%	1.16%	1.26%
Capital Expenditure	-11.29	-11.29	-12.18	-20.66	-10.68
Capital Expenditure Margin	-1.35%	-1.35%	-1.2%	-1.83%	-1.16%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 43.67}, {"l": "2023", "x": "2023-12-31", "y": 43.45}, {"l": "2024", "x": "2024-12-31", "y": 44.67}, {"l": "2025", "x": "2025-12-31", "y": 44.91}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 23.08}, {"l": "2023", "x": "2023-12-31", "y": 23.51}, {"l": "2024", "x": "2024-12-31", "y": 20.71}, {"l": "2025", "x": "2025-12-31", "y": 14.22}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 19.9}, {"l": "2023", "x": "2023-12-31", "y": 21.78}, {"l": "2024", "x": "2024-12-31", "y": 19.75}, {"l": "2025", "x": "2025-12-31", "y": 14.33}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 22.27}, {"l": "2023", "x": "2023-12-31", "y": 12.05}, {"l": "2024", "x": "2024-12-31", "y": 12.64}, {"l": "2025", "x": "2025-12-31", "y": 12.75}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	238.3	213.6	194.5	192.6	252.4	256.6
Revenue Growth Rate	11.57%	9.8%	1.03%	-23.71%	-1.62%
Cost of Revenue	126.4	124.8	107.2	103.8	136.2	146.6
Gross Profit	111.9	88.81	87.34	88.77	116.2	110
Gross Margin	46.97%	41.57%	44.9%	46.1%	46.04%	42.86%
Operating Income	36.17	25.02	28.96	29.16	54.53	46.91
Operating Margin	15.18%	11.71%	14.89%	15.14%	21.6%	18.29%
Net Income	34.3	25.99	31.38	28.58	49.96	48.58
Net Margin	14.39%	12.17%	16.13%	14.84%	19.79%	18.93%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	238.3	213.6	194.5	192.6	252.4	256.6
Cash from Operating Activities	-6.57	45.35	39.73	39.8	12.78	45.75
Cash from Operating Activities Margin	-2.76%	21.23%	20.42%	20.67%	5.06%	17.83%
Free Cash Flow	-8.9	43.34	37.74	34.84	8.12	41.85
Free Cash Flow Margin	-3.74%	20.29%	19.4%	18.09%	3.22%	16.31%
Depreciation and Amortization	4.46	4.3	4.51	4.31	4.27	3.91
Depreciation and Amortization Margin	1.87%	2.01%	2.32%	2.24%	1.69%	1.52%
Capital Expenditure	-2.33	-2.02	-1.99	-4.96	-4.66	-3.9
Capital Expenditure Margin	-0.98%	-0.943%	-1.02%	-2.58%	-1.85%	-1.52%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 42.86}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 46.04}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 46.1}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 44.9}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 41.57}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 46.97}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 18.29}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 21.6}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 15.14}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 14.89}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 11.71}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 15.18}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 18.93}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 19.79}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 14.84}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 16.13}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 12.17}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 14.39}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 16.31}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 3.22}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 18.09}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 19.4}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 20.29}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": -3.74}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}