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
-4.77%
Lam Research Corp
LRCX
29.26%
Veeco Instruments Inc
VECO
-5.09%