TTM
-29.2%
YoY change
−3.26pp
Trough year (1998)
-52.4%
Peak year (2012)
16.1%
Latest annual
-21.3%
FCF Margin history chart for AXT (AXTI) from 1998 to 2025
Latest: -21.3%
FCF Margin change chart for AXT (AXTI) from 1998 to 2025
Latest: −3.26pp
FCF Margin history table for AXT (AXTI) from 1998 to 2025
| 2025 | -21.3% | -3.26pp | ||
| 2024 | -18.0% | -8.67pp | ||
| 2023 | -9.3% | +17.05pp | ||
| 2022 | -26.4% | -2.40pp | ||
| 2021 | -24.0% | -9.31pp | ||
| 2020 | -14.7% | -3.70pp | ||
| 2019 | -11.0% | +25.48pp | ||
| 2018 | -36.4% | -23.54pp | ||
| 2017 | -12.9% | -24.93pp | ||
| 2016 | 12.0% | +14.95pp | ||
| 2015 | -2.9% | -5.15pp | ||
| 2014 | 2.2% | +5.64pp | ||
| 2013 | -3.4% | -19.51pp | ||
| 2012 | 16.1% | +11.26pp | ||
| 2011 | 4.8% | -0.01pp | ||
| 2010 | 4.8% | -0.04pp | ||
| 2009 | 4.9% | +21.99pp | ||
| 2008 | -17.1% | -13.01pp | ||
| 2007 | -4.1% | +29.02pp | ||
| 2006 | -33.1% | +4.85pp | ||
| 2005 | -38.0% | -30.98pp | ||
| 2004 | -7.0% | -18.79pp | ||
| 2003 | 11.8% | +33.18pp | ||
| 2002 | -21.4% | -14.12pp | ||
| 2001 | -7.3% | +11.32pp | ||
| 2000 | -18.6% | +0.27pp | ||
| 1999 | -18.9% | +33.57pp | ||
| 1998 | -52.4% | — |
- 2025-21.3%-3.26pp
- 2024-18.0%-8.67pp
- 2023-9.3%+17.05pp
- 2022-26.4%-2.40pp
- 2021-24.0%-9.31pp
- 2020-14.7%-3.70pp
- 2019-11.0%+25.48pp
- 2018-36.4%-23.54pp
- 2017-12.9%-24.93pp
- 201612.0%+14.95pp
- 2015-2.9%-5.15pp
- 20142.2%+5.64pp
- 2013-3.4%-19.51pp
- 201216.1%+11.26pp
- 20114.8%-0.01pp
- 20104.8%-0.04pp
- 20094.9%+21.99pp
- 2008-17.1%-13.01pp
- 2007-4.1%+29.02pp
- 2006-33.1%+4.85pp
- 2005-38.0%-30.98pp
- 2004-7.0%-18.79pp
- 200311.8%+33.18pp
- 2002-21.4%-14.12pp
- 2001-7.3%+11.32pp
- 2000-18.6%+0.27pp
- 1999-18.9%+33.57pp
- 1998-52.4%—
FCF Margin values are taken from AXT's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at AXT (AXTI)
According to AXT's latest reported financial statements, the company's latest reported free cash flow margin is -29.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, AXT (AXTI) reported free cash flow margin of -21.26% – contracted 3.3 percentage points year-over-year.
The record annual free cash flow margin stands at 16.09%, reached in 2012; the historical low of -52.42% was recorded in 1998.
AXT FCF Margin by Year
AXT FCF Margin 2025: -21.3%
AXT free cash flow margin in 2025 was -21.26%, contracted 3.3 percentage points from 2024.
AXT FCF Margin 2024: -18.0%
2024's free cash flow margin for AXT came in at -18.00%, contracted 8.7 percentage points from 2023.
AXT FCF Margin 2023: -9.3%
AXT posted free cash flow margin of -9.33% in 2023, expanded 17.1 percentage points from 2022.
AXT FCF Margin 2022: -26.4%
In 2022, AXT reported free cash flow margin of -26.38%, contracted 2.4 percentage points from 2021.
AXT FCF Margin 2021: -24.0%
AXT free cash flow margin in 2021 was -23.98%.
See more financial history for AXT (AXTI).
Sector peers by FCF Margin
Technology peers of AXT (AXTI), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% |
- 47.0%
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
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