Axcelis Technologies Inc (ACLS)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 278,599 | 204,885 | 120,428 | 55,886 | 20,922 |
| Revenue | US$ in thousands | 1,130,600 | 919,998 | 662,428 | 474,560 | 342,958 |
| Pretax margin | 24.64% | 22.27% | 18.18% | 11.78% | 6.10% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $278,599K ÷ $1,130,600K
= 24.64%
The pretax margin of Axcelis Technologies Inc has shown a consistent upward trend over the past five years, starting at 6.10% in 2019 and reaching 24.64% in 2023. This significant improvement indicates enhanced operational efficiency and cost management within the company. The gradual increase in pretax margin signifies that Axcelis has been able to control its operating expenses relative to its pre-tax income, resulting in a higher proportion of profits before taxes. This trend suggests that Axcelis has been successful in optimizing its business operations and maximizing its profitability over the years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Axcelis Technologies Inc
ACLS
24.64%
Azenta Inc
AZTA
-25.74%
Lam Research Corp
LRCX
29.26%
Veeco Instruments Inc
VECO
-5.09%