Axcelis Technologies vs Camtek
Axcelis Technologies is the larger business, with $839m of revenue in fiscal 2025 against $496m for Camtek (1.7 times as much). Camtek grew faster (15.6% against -17.6%). Axcelis Technologies kept more of each dollar of sales as profit: a net margin of 14.3% against 10.2%. Axcelis Technologies carries less debt relative to equity (0.0% against 84.3%).
| Latest fiscal year | Axcelis TechnologiesACLS, 2025 | CamtekCAMT, 2025 |
|---|---|---|
| Revenue | $839m | $496m |
| Revenue growth | -17.6% | 15.6% |
| Net income | $120m | $50.7m |
| Operating margin | 14.2% | 25.8% |
| Net margin | 14.3% | 10.2% |
| Return on equity | 11.7% | 8.7% |
| Free cash flow | $107m | $127m |
| Cash | $145m | $178m |
| Total debt | $0 | $520m |
| Debt to equity | 0.0% | 84.3% |
| Dividend per share | — | — |
| Dividend yield | — | 0.0% |
| Share buybacks | $121m | — |
| Employees | 1,465 | — |
| Market value | $3.01bn | $5.15bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 82 (Strong) | 38 (Weak) |
| Insider trades, 12 months | 0 buys, 23 sales | 0 buys, 13 sales |