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AXT AXTI Free cash flow margin

Free cash flow margin at other companies

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12.5%+4.5pp
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15.6%+7.4pp
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18.4%-2.5pp
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4.3%-6.6pp
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Axcelis TechnologiesACLS
8.6%-5.1pp

Other financials

Income statement

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Revenue$26.9M+39.1%
Gross profit-$1.2M-120%
Operating income-$10.3M-207%
Net income-$1.5M+83.1%
EPS (diluted)-$0.20-300%

Balance sheet

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Cash & equivalents$41.8M+32.2%
Total debt$65.7M+23.6%
Total equity$274.9M+48.6%
Total assets$444.6M+33.3%

Cash flow

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Operating cash flow-$11.7M-249%
CapEx$1.4M+169%
Free cash flow-$13.1M-239%

Valuation

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Market cap$4.92B+5,110%
Enterprise value$4.94B+3,984%
P/S51.3×+50.2×

Profitability

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Gross margin17.2%-0.9pp
Operating margin-22.6%-2.5pp
Net margin-15.3%-2.5pp

Returns & leverage

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Return on equity-6.4%-1.6pp
Debt / equity0.2×0.0×
Current ratio2.6×+0.6×

Where this comes from

Calculated from AXT’s reported figures.

Based on trailing twelve months.

The source filing: AXT’s 10-Q, filed May 14, 2026. Open the filing →

Filed
May 14, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-017054

FAQ

What is AXT's free cash flow margin?
AXT (AXTI) reported free cash flow margin of -30.5% in Q1 2026.
What is the long-term trend for AXT's free cash flow margin?
Over 2 years (2021 to 2025), AXT's free cash flow margin has grown at a -2.7% compound annual growth rate (CAGR), from -24% to -22.7%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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