Axt (AXTI) FCF Margin (2011 - 2025)

Axt (AXTI) posted FCF Margin of 5.46% for Q4 2025, up 113.49% sequentially from 40.52% in Q3 2025, and up 107.0% YoY from 2.64% in Q4 2024.

Axt (AXTI) FCF Margin (2011 - 2025) Analysis & Trends

Axt has reported FCF Margin for 15 years, with the latest figure at 5.46% in Q4 2025.

Quarterly FCF Margin rose 107.0% year-over-year to 5.46% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 21.26% (down 326.0% YoY) and the FY2025 annual result came in at 21.26%, down 326.0% from the prior year.
FCF Margin improved to 5.46% in Q4 2025 per AXTI's latest filing, from 40.52% in the prior quarter.
Over five years, FCF Margin peaked at 50.63% in Q2 2022 and troughed at 98.78% in Q4 2022.
A 5-year average of 20.89% and a median of 26.72% in 2023 frame the typical range for FCF Margin.
The sharpest annual moves came in 2021 and 2023: FCF Margin plunged 10023 bps in 2021, then surged 5343 bps in 2023.
Over 5 years, FCF Margin stood at 57.48% in 2021, then slumped by 72 bps to 98.78% in 2022, then soared by 54 bps to 45.35% in 2023, then surged by 110 bps to 4.39% in 2024, then increased by 24 bps to 5.46% in 2025.
According to Business Quant data, FCF Margin over the past three periods registered 5.46%, 40.52%, and 27.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Asml Holding	683.77 Bn	668.27 Bn	5.90 Bn	-
2	Lam Research	393.97 Bn	388.39 Bn	3.48 Bn	18.87%
3	Applied Materials	389.80 Bn	381.56 Bn	3.95 Bn	2.65%
4	Kla	240.86 Bn	239.21 Bn	2.24 Bn	22.34%
5	Teradyne	58.87 Bn	58.52 Bn	794.62 Mn	28.48%
6	Qnity Electronics	27.06 Bn	26.10 Bn	666.00 Mn	10.57%
7	Entegris	21.93 Bn	21.58 Bn	420.00 Mn	13.24%
8	Onto Innovation	14.50 Bn	12.61 Bn	183.25 Mn	16.86%
9	Amkor Technology	12.45 Bn	9.94 Bn	318.59 Mn	-3.70%
10	Axt	4.33 Bn	3.54 Bn	21.37 Mn	-

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