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Axcelis Technologies vs Azenta: revenue, profit, margins and growth compared

Axcelis Technologies brought in $839M of revenue in fiscal 2025, Azenta $593.8M in fiscal 2025. Revenue changed by -17.6% at Axcelis Technologies and +3.6% at Azenta on the year before, so Azenta grew faster. Axcelis Technologies kept 14.3% of its revenue as net profit, Azenta -9.4%. Free cash flow was $107M at Axcelis Technologies and $38.3M at Azenta.

Side by side, latest fiscal year

ACLSAZTA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$839M$593.8M
Revenue growth-17.6%+3.6%
Net income$120.2M-$55.8M
Net margin14.3%-9.4%
Free cash flow$107M$38.3M
Free cash flow margin12.8%6.5%
Earnings per share (diluted)$3.80-$1.22
Cash$145.5M$279.8M
Debtn/an/a
Price to earnings32.4n/a
Market value$3.8Bn/a
Dividend yieldn/an/a
Rank by revenue in sector#242 of 530 · Technology#290 of 530 · Technology

Over the years

Revenue
ACLS FY2018: $442.6MACLS FY2019: $343MACLS FY2020: $474.6MACLS FY2021: $662.4MACLS FY2022: $920MACLS FY2023: $1.1BACLS FY2024: $1BACLS FY2025: $839MAZTA FY2018: $631.6MAZTA FY2019: $334.2MAZTA FY2020: $388.5MAZTA FY2021: $513.7MAZTA FY2022: $555.5MAZTA FY2023: $551.5MAZTA FY2024: $573.4MAZTA FY2025: $593.8MFY18FY19FY20FY21FY22FY23FY24FY25
ACLS $839MAZTA $593.8M
Net income
ACLS FY2018: $45.9MACLS FY2019: $17MACLS FY2020: $50MACLS FY2021: $98.7MACLS FY2022: $183.1MACLS FY2023: $246.3MACLS FY2024: $201MACLS FY2025: $120.2MAZTA FY2018: $116.6MAZTA FY2019: $437.4MAZTA FY2020: $64.9MAZTA FY2021: $110.7MAZTA FY2022: $2.1BAZTA FY2023: -$14.6MAZTA FY2024: -$164.9MAZTA FY2025: -$55.8MFY18FY19FY20FY21FY22FY23FY24FY25
ACLS $120.2MAZTA -$55.8M
Net margin
ACLS FY2018: 10.4%ACLS FY2019: 5.0%ACLS FY2020: 10.5%ACLS FY2021: 14.9%ACLS FY2022: 19.9%ACLS FY2023: 21.8%ACLS FY2024: 19.7%ACLS FY2025: 14.3%AZTA FY2018: 18.5%AZTA FY2019: 130.9%AZTA FY2020: 16.7%AZTA FY2021: 21.6%AZTA FY2022: 384.0%AZTA FY2023: -2.7%AZTA FY2024: -28.8%AZTA FY2025: -9.4%FY18FY19FY20FY21FY22FY23FY24FY25
ACLS 14.3%AZTA -9.4%
Revenue growth
ACLS FY2019: -22.5%ACLS FY2020: +38.4%ACLS FY2021: +39.6%ACLS FY2022: +38.9%ACLS FY2023: +22.9%ACLS FY2024: -10.0%ACLS FY2025: -17.6%AZTA FY2019: -47.1%AZTA FY2020: +16.3%AZTA FY2021: +32.2%AZTA FY2022: +8.1%AZTA FY2023: -0.7%AZTA FY2024: +4.0%AZTA FY2025: +3.6%FY19FY20FY21FY22FY23FY24FY25
ACLS -17.6%AZTA +3.6%
Free cash flow
ACLS FY2018: $42.3MACLS FY2019: -$25.6MACLS FY2020: $62.3MACLS FY2021: $141.5MACLS FY2022: $204.9MACLS FY2023: $136.2MACLS FY2024: $128.6MACLS FY2025: $107MAZTA FY2018: $61.2MAZTA FY2019: $67MAZTA FY2020: -$2.1MAZTA FY2021: $97.1MAZTA FY2022: -$539.5MAZTA FY2023: -$33.6MAZTA FY2024: $12.4MAZTA FY2025: $38.3MFY18FY19FY20FY21FY22FY23FY24FY25
ACLS $107MAZTA $38.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Axcelis Technologies and Azenta

Which is bigger by revenue, Axcelis Technologies or Azenta?

Axcelis Technologies is bigger by revenue: $839M in fiscal 2025, against $593.8M for Azenta in fiscal 2025.

Which keeps more of its revenue as profit, Axcelis Technologies or Azenta?

Axcelis Technologies had a net margin of 14.3% in fiscal 2025; Azenta had -9.4% in fiscal 2025.

Which grew revenue faster, Axcelis Technologies or Azenta?

In their latest fiscal years revenue changed by -17.6% at Axcelis Technologies and +3.6% at Azenta.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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