AXT, Inc. Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,873	873	94	103	187	369
Market Cap Growth	1892.89%	825.02%	-7.93%	-45.29%	-49.16%	-4.78%
Enterprise Value	1,817	984	201	186	264	408
Last Close Price	35.08	16.35	2.17	2.40	4.38	8.81
PE Ratio	-	-	-	-	11.99	25.60
Forward PE	8770.00	-	-	-	16.85	22.03
PS Ratio	21.21	9.89	0.95	1.35	1.33	2.68
PB Ratio	5.82	2.61	0.37	0.38	0.65	1.32
P/TBV Ratio	6.94	3.24	0.50	0.52	0.87	1.79
P/OCF Ratio	-	-	-	30.13	-	-
PEG Ratio	-	1.22	1.22	1.22	1.22	1.47
EV/Sales Ratio	20.57	11.14	2.03	2.45	1.87	2.97
EV/EBITDA Ratio	-	-	-	-	12.76	20.40
EV/EBIT Ratio	-	-	-	-	21.02	31.60
Debt / Equity Ratio	0.19	0.19	0.22	0.21	0.17	0.06
Debt / EBITDA Ratio	-	-	-	-	2.28	0.80
Net Debt / Equity Ratio	-0.17	-0.17	0.13	0.06	0.02	-0.09
Net Debt / EBITDA Ratio	4.34	4.34	-5.62	-1.23	0.22	-1.28
Net Debt / FCF Ratio	-	-	-1.83	-2.24	-0.12	0.78
Asset Turnover	0.23	0.23	0.28	0.21	0.40	0.44
Inventory Turnover	0.93	0.93	0.88	0.71	1.14	1.53
Quick Ratio	1.63	1.63	0.65	0.73	0.98	1.61
Current Ratio	2.72	2.72	2.13	2.09	2.44	3.35
Return on Equity (ROE)	-7.87%	-7.87%	-4.50%	-6.87%	6.58%	6.16%
Return on Assets (ROA)	-3.55%	-3.55%	-2.65%	-3.70%	2.23%	2.55%
Return on Invested Capital (ROIC)	-7.78%	-7.76%	-5.17%	-7.45%	4.10%	5.37%
Return on Capital Employed (ROCE)	-6.40%	-6.40%	-5.60%	-7.80%	4.30%	4.50%
Earnings Yield	-1.13%	-2.44%	-12.31%	-17.44%	8.44%	3.96%
FCF Yield	-	-	-18.95%	-6.90%	-19.87%	-8.94%
Buyback Yield / Dilution	-1.80%	-1.80%	-1.20%	0.17%	0.01%	-4.13%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q