ACM Research

US · ACMR #1957 by market cap Listed 2017

72.77 -2.58 -3.42%

Live - 5344 symbols - heartbeat 370s ago · 2026-10-08 08:21

Pre-market 70.57 -3.02%

After-hours 73.03 +0.36%

Overnight 71.70 -1.47%

Market cap: 5.07B
P/E (TTM): 34.33
P/B: 2.72
EPS: 1.37
Div yield: 0.00%
52W pos: 45%

Reader sentiment Are you bullish or bearish on ACMR?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 4.55, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +15.24% YoY

Margins

Gross margin: 44.39%
Operating margin: 12.14%
Net margin: 10.44%

Key ratios & quality

Enterprise value: 4.20B
PEG ratio: 1.02
Altman Z-Score: 4.55

PEG uses trailing P/E against the 3-year net income growth rate (33.81%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	74.64M	107.52M	156.62M	259.75M	388.83M	557.72M	782.12M	901.31M
Gross profit	34.45M	50.65M	69.60M	114.86M	183.62M	276.22M	391.55M	400.07M
Selling & admin expenses	17.60M	19.96M	28.99M	41.95M	62.35M	87.67M	135.08M	145.65M
Research & development	10.38M	12.90M	19.12M	34.21M	62.23M	92.71M	105.47M	144.99M
Operating profit	6.47M	17.79M	21.49M	38.70M	59.04M	95.84M	151.00M	109.43M
Pretax profit	7.38M	18.94M	19.30M	43.06M	67.36M	116.22M	166.30M	135.19M
Tax	806.00K	-518.00K	-2.38M	134.00K	16.80M	19.36M	35.03M	13.30M
Net profit	6.57M	19.46M	21.68M	42.92M	50.56M	96.85M	131.27M	121.89M
Basic EPS	0	0	0	1	1	1	2	1
Diluted EPS	0.12	0.33	0.30	0.58	0.59	1.16	1.53	1.37

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	172.35M	215.37M	269.16M	244.43M	231.26M	292.92M
Gross profit	82.55M	104.46M	113.15M	99.91M	107.24M	134.62M
Selling & admin expenses	29.27M	38.95M	44.58M	32.85M	34.51M	42.62M
Research & development	27.50M	33.82M	39.65M	44.02M	36.55M	42.25M
Operating profit	25.78M	31.69M	28.92M	23.04M	36.18M	49.74M
Pretax profit	27.17M	38.16M	49.09M	20.78M	30.01M	135.72M
Tax	2.15M	1.89M	2.69M	6.57M	3.77M	13.47M
Net profit	25.01M	36.27M	46.40M	14.21M	26.24M	122.25M
Basic EPS	0	0	1	0	0	1
Diluted EPS	0.30	0.44	0.52	0.11	0.24	1.23

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	96.03M	198.40M	260.66M	952.93M	963.81M	1.18B	1.48B	2.44B
Cash & ST investments	27.12M	58.26M	100.01M	592.05M	338.65M	283.93M	444.10M	1.16B
Inventory	38.76M	44.80M	88.64M	218.12M	393.17M	545.40M	597.98M	702.63M
Total assets	103.05M	217.70M	341.26M	1.05B	1.24B	1.49B	1.86B	2.87B
Total current liabilities	46.14M	53.50M	102.91M	205.94M	396.21M	500.66M	641.23M	745.71M
Short-term debt	9.45M	15.11M	29.16M	14.31M	59.71M	40.88M	79.42M	113.91M
Long-term debt	--	--	17.98M	22.96M	18.69M	53.95M	105.53M	178.93M
Total liabilities	50,723,000.00	120,382,000.00	133,087,000.00	240,514,000.00	423,329,000.00	564,746,000.00	759,815,000.00	941,676,000.00
Total equity	52.32M	97.32M	208.17M	811.67M	812.17M	926.16M	1.10B	1.93B
Retained earnings	-3.39M	15.51M	34.29M	63.73M	94.43M	156.83M	260.00M	350.43M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	1.55B	1.65B	2.36B	2.44B	2.62B	2.87B
Cash & ST investments	492.76M	494.22M	1.13B	1.16B	1.27B	1.44B
Inventory	609.57M	648.28M	676.41M	702.63M	738.00M	783.12M
Total assets	1.93B	2.04B	2.77B	2.87B	3.07B	3.40B
Total current liabilities	628.88M	671.01M	677.87M	745.71M	745.68M	786.26M
Short-term debt	96.45M	118.89M	97.81M	113.91M	112.08M	152.91M
Long-term debt	134.54M	162.99M	193.36M	178.93M	220.86M	192.90M
Total liabilities	778,415,000.00	848,026,000.00	885,429,000.00	941,676,000.00	982,426,000.00	994,115,000.00
Total equity	1.16B	1.19B	1.89B	1.93B	2.08B	2.41B
Retained earnings	280.38M	310.14M	346.03M	350.43M	367.74M	456.72M

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	6.91M	9.40M	-13.55M	-40.09M	-62.19M	-75.32M	152.45M	-10.33M
Depreciation & amortization	417.00K	788.00K	1.06M	2.35M	5.37M	8.09M	9.97M	16.33M
Free cash flow	4.84M	8.28M	-69.03M	-49.81M	-154.71M	-139.66M	66.50M	-67.98M
Dividends paid	--	--	--	0	0	-3.95M	-6.90M	-7.58M
Stock buybacks / issuance	0	83.29M	--	--	--	0	0	615.98M
Ending cash balance	27.12M	117.86M	71.77M	563.07M	248.45M	183.17M	411.31M	765.96M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	5.28M	-44.90M	-4.63M	33.92M	-29.54M	-6.36M
Depreciation & amortization	3.02M	3.34M	4.10M	5.87M	5.47M	6.30M
Free cash flow	-11.82M	-60.04M	-15.64M	19.52M	-51.97M	-71.71M
Dividends paid	--	--	--	0	--	--
Stock buybacks / issuance	0	-6.99M	622.96M	0	110.24M	148.39M
Ending cash balance	467.83M	452.89M	1.07B	765.96M	894.14M	990.59M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	14.26	25.25	15.75	9.24	5.81	10.73	12.40	7.94
ROA %	7.69	11.78	6.72	5.42	3.43	5.67	6.19	3.98
ROIC %	13.10	21.42	12.31	8.39	4.62	8.96	10.11	6.10
5-year avg ROE %	--	--	--	12.56	14.06	13.36	10.78	9.22
EBIT margin %	10.55	18.31	12.95	16.87	17.75	21.32	21.79	15.77
FCF / sales %	6.48	7.70	--	--	--	--	8.50	--
Current ratio	2.08	3.71	2.53	4.63	2.43	2.35	2.31	3.27
Quick ratio	1.20	1.72	1.61	3.48	1.39	1.21	1.36	2.30
Debt / assets	9.17	8.10	14.66	3.72	6.43	6.65	10.17	10.37
LT debt / equity	--	2.60	14.78	3.67	2.93	7.59	12.09	12.57
Interest coverage	15.82	26.42	20.65	57.28	41.70	44.35	41.06	20.44
Revenue CAGR (3Y) %	33.74	57.79	62.49	51.54	53.49	52.71	44.40	32.34
Net income CAGR (3Y) %	6.91	163.65	--	79.08	27.61	60.29	40.01	33.81
FCF CAGR (3Y) %	53.76	--	--	--	--	--	--	--

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	12.21	12.32	10.09	7.94	7.19	10.56
ROA %	6.11	6.05	5.13	3.98	3.64	5.52
ROIC %	9.63	9.38	7.96	6.10	5.36	8.04
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	21.43	20.88	20.13	15.77	15.14	23.44
FCF / sales %	11.27	--	--	--	--	--
Current ratio	2.46	2.45	3.48	3.27	3.51	3.66
Quick ratio	1.46	1.45	2.44	2.30	2.47	2.60
Debt / assets	12.26	14.09	10.72	10.37	10.99	10.28
LT debt / equity	14.82	17.08	13.91	12.57	14.23	10.56
Interest coverage	34.90	29.59	27.72	20.44	19.83	31.87
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Lead segment, long tail

Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment is the largest reported line at 45.40% of revenue, across 3 reported segments.
Electro-chemical plating (ECP) (front-end and packaging), Furnace and Other Technologies follows at 43.88%, so the top line still matters most but isn’t the whole story.

Revenue breakdown most recent period

Business

Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment45.40%

Electro-chemical plating (ECP) (front-end and packaging), Furnace and Other Technologies43.88%

Advanced Packaging (excluding Electro-chemical plating (ECP)), Services & Spares10.72%

Quote time 2026-10-08 08:21:50 · For reference only, not investment advice and not tailored to your situation.