Aehr Test Systems vs Amtech Systems
Amtech Systems is the larger business, with $79.4m of revenue in fiscal 2025 against $50.0m for Aehr Test Systems (1.6 times as much). Aehr Test Systems grew faster (-15.2% against -21.6%). Aehr Test Systems kept more of each dollar of sales as profit: a net margin of -14.3% against -38.2%.
| Latest fiscal year | Aehr Test SystemsAEHR, 2026 | Amtech SystemsASYS, 2025 |
|---|---|---|
| Revenue | $50.0m | $79.4m |
| Revenue growth | -15.2% | -21.6% |
| Net income | −$7.1m | −$30.3m |
| Operating margin | — | -35.9% |
| Net margin | -14.3% | -38.2% |
| Return on equity | -4.2% | -44.7% |
| Free cash flow | −$5.4m | $6.9m |
| Cash | $116m | $17.9m |
| Total debt | $0 | $294,000 |
| Debt to equity | — | 0.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 264 |
| Market value | $2.07bn | $225m |
| Price vs our value range | — | Above our value range |
| Moat score | 25 (Weak) | 38 (Weak) |
| Insider trades, 12 months | 0 buys, 73 sales | 2 buys, 0 sales |