Axcelis Technologies Inc (ACLS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 246,263 | 183,079 | 98,650 | 49,982 | 17,034 |
| Revenue | US$ in thousands | 1,130,600 | 919,998 | 662,428 | 474,560 | 342,958 |
| Net profit margin | 21.78% | 19.90% | 14.89% | 10.53% | 4.97% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $246,263K ÷ $1,130,600K
= 21.78%
The net profit margin of Axcelis Technologies Inc has shown a positive trend over the past five years, indicating an improvement in the company's profitability. The net profit margin has increased steadily from 4.97% in 2019 to 21.78% in 2023. This indicates that for every dollar of revenue earned, Axcelis Technologies Inc is now generating a higher net profit after accounting for all expenses and taxes.
The consistent improvement in the net profit margin reflects the company's ability to effectively control costs, increase operational efficiency, and potentially expand margins. This trend suggests a positive outlook for the company's financial performance and indicates a potentially healthy bottom line. Investors and stakeholders may view this trend favorably as it demonstrates the company's ability to generate increasing profits relative to its revenue over the years.
Peer comparison
Dec 31, 2023