Axcelis Technologies vs Cohu
Axcelis Technologies reported revenue of $839 million in fiscal 2025, 1.9 times Cohu's $453 million in fiscal 2025. Axcelis Technologies' revenue fell 17.6% in its latest year, and Cohu's grew 12.7%. Axcelis Technologies had an operating margin of 14.2%, against -15.4% at Cohu. Free cash flow was $107 million at Axcelis Technologies and $11 million at Cohu. Their fiscal years end in different months (December 31 and December 27), so the periods don't line up exactly.
Side by side
| Axcelis Technologies | Cohu | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 27, 2025 |
| Revenue | $839M | $453M |
| Revenue growth | −17.6% | 12.7% |
| Revenue growth a year, last 5 years | 12.1% | −6.6% |
| Gross margin | 44.9% | — |
| Operating margin | 14.2% | −15.4% |
| Net margin | 14.3% | −16.4% |
| Free cash flow | $107M | $11M |
| Free cash flow margin | 12.8% | 2.4% |
| Return on capital | — | −9.1% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $121M | $9M |
| Change in diluted share count | −3.2% | −0.4% |
| Last close | $99.24 | $38.49 |
| P/E at the last close | 29.5× | — |
| Insider trades, last 12 months | sold $6.4 million | sold $11.4 million |
| Piotroski F-score | — | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Axcelis TechnologiesCohu
Operating margin
Percent of revenue
Axcelis TechnologiesCohu
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Axcelis TechnologiesCohu
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Axcelis Technologies and Cohu pages.