What are AXT's profit margins?

AXT (AXTI) runs a 17.2% gross margin and a -22.6% operating margin, with a -15.3% net margin.

Where do AXT's ratios come from?

Every ratio is computed from AXT's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

AXT AXTI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	-15.3%+9.6pp	-24.9%+0.8pp	-25.7%+2.8pp	-28.5%-9.4pp	-19.1%-7.4pp
Free cash flow margin	-30.5%-7.8pp	-22.7%—	——	——	——
Returns
Return on equity	-6.4%+3.1pp	-9.4%+2.8pp	-12.2%+0.7pp	-12.9%-3.4pp	-9.5%-3.6pp
Return on assets	-3.8%+1.9pp	-5.7%+1.1pp	-6.7%+0.5pp	-7.2%-1.8pp	-5.4%-2.0pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	2.6×-0.1×	2.7×+1.0×	1.8×-0.1×	1.8×-0.2×	2×-0.1×
Quick ratio	1.7×-0.1×	1.8×+1.0×	0.8×0.0×	0.8×-0.1×	0.9×-0.1×
Cash ratio	0.4×-0.9×	1.3×+1.1×	0.3×-0.1×	0.3×-0.1×	0.4×+0.1×
Leverage
Debt-to-equity	0.2×0.0×	0.2×-0.1×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Valuation
Market capitalization	$3.17B+315%	$762.29M+268%	$207.1M+125%	$92.12M+43.3%	$64.29M-33.8%
Enterprise value	$3.19B+354%	$702.64M+189%	$243.14M+105%	$118.73M+38.3%	$85.86M-30.1%
Price / sales	33×+24.4×	8.6×+6.3×	2.3×+1.2×	1.1×+0.4×	0.7×-0.3×
Price / book	11.5×+8.7×	2.8×+1.6×	1.2×+0.6×	0.5×+0.2×	0.3×-0.2×
EV / sales	33.3×+25.3×	8×+5.3×	2.7×+1.3×	1.4×+0.5×	0.9×-0.3×
Free cash flow yield	-0.9%+1.7pp	-2.6%—	——	——	——
Earnings yield	-0.5%+2.4pp	-2.9%+8.3pp	-11.2%+15.4pp	-26.6%+1.9pp	-28.5%-16.6pp

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Questions, answered.

What are AXT's profit margins?: AXT (AXTI) runs a 17.2% gross margin and a -22.6% operating margin, with a -15.3% net margin.
Where do AXT's ratios come from?: Every ratio is computed from AXT's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.