AXT vs Cohu
Cohu reported revenue of $453 million in fiscal 2025, 5.1 times AXT's $88 million in fiscal 2025. AXT's revenue fell 11.1% in its latest year, and Cohu's grew 12.7%. AXT had an operating margin of -24.9%, against -15.4% at Cohu. Free cash flow was −$19 million at AXT 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
| AXT | Cohu | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 27, 2025 |
| Revenue | $88M | $453M |
| Revenue growth | −11.1% | 12.7% |
| Revenue growth a year, last 5 years | −1.5% | −6.6% |
| Gross margin | 12.7% | — |
| Operating margin | −24.9% | −15.4% |
| Net margin | −24.1% | −16.4% |
| Free cash flow | −$19M | $11M |
| Free cash flow margin | −21.3% | 2.4% |
| Return on capital | — | −9.1% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $9M |
| Change in diluted share count | 1.8% | −0.4% |
| Last close | $38.88 | $38.49 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $76.3 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
AXTCohu
Operating margin
Percent of revenue
AXTCohu
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AXTCohu