ASYSNasdaqSpecial Industry Machinery, NECFiscal year ends September 30
AMTECH SYSTEMS INC
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$13.16+0.36 (+2.81%)
Close on Oct 19, 2026
- Market cap
- $211.09M
- P/E (TTM)
- 50.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
34.0%−3.3 pts over 5 years
Operating margin
-35.9%−35.2 pts over 5 years
Net margin
-38.2%−14.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -21.6% | -9.3% | +3.9% | -2.7% | |
| Gross profit | -25.5% | -11.9% | +2.0% | -0.0% | |
| Free cash flow | +39.5% | +19.4% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -10.0% | -18.6% | -44.7% | |
| Return on assets | -5.7% | -13.8% | -28.6% | |
| Current ratio | 2.18 | 10.24 | 2.94 | |
| Debt to equity | 0.15 | 0.06 | 0.01 | |
| Net debt to EBITDA | 3.71× | -51.61× | 0.68× | |
| Interest coverage | – | – | -1095.7× | |
| Inventory turnover | 3.7× | 2.4× | 2.3× | |
| Capex to revenue | 0.8% | 4.1% | 1.2% | |
| Diluted shares | 13M | 14M | 14M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Amtech Systems generated $36.59M from operations and spent $16.99M on capital expenditure, dividends and share buybacks. 76% of that went back into the business.
Generated
$36.59M
Used
$16.99M
Capital expenditure$12.87M76%Dividends$00%Share buybacks$4.12M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-38.2%
×Asset turnover0.75×
×Equity multiplier1.56×
=Return on equity, FY2025-44.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -38.2% | 0.75× | 1.56× | -44.7% |
| FY2024 | -8.4% | 0.79× | 1.50× | -9.9% |
| FY2023 | -11.1% | 0.84× | 1.45× | -13.5% |
| FY2022 | 16.3% | 0.85× | 1.36× | 18.9% |
| FY2021 | 1.8% | 0.78× | 1.31× | 1.8% |
| FY2020 | -24.0% | 0.57× | 1.35× | -18.6% |
| FY2019 | -6.1% | 0.62× | 1.53× | -5.7% |
| FY2018 | 5.3% | 0.59× | 1.86× | 5.8% |
| FY2017 | 11.0% | 0.54× | 1.97× | 11.6% |
| FY2016 | -5.8% | 0.99× | 1.74× | -10.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$30.33M
- Cash generatingOperating cash flow above zero$7.88M
- Return on assets improvedROA up on the prior year-6.2% → -25.4%
- Earnings backed by cashOperating cash flow above net income$7.88M vs -$30.33M
- Less leverageLong-term debt to assets fell0.2% → 0.2%
- Better liquidityCurrent ratio rose3.20 → 2.94
- No dilutionShare count did not rise14M → 14M
- Gross margin improvedGross margin up on the prior year35.80% → 34.00%
- More efficientAsset turnover rose0.74 → 0.67