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ACM Research, Inc. ACMR R2KAI

Technology · Semiconductor Equipment & Materials · United States
https://www.acmr.com

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms; Space Alternated Phase Shift, technology for flat and wafer surfaces; timely energized bubble oscillation, technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools. It also offers advanced packaging equipment, such as coaters, developers, photoresist strippers, scrubbers, wet etchers and copper-plating equipment; and advanced packaging products include: Ultra ECP ap, which delivers a uniform metal layer to finished wafers prior to packaging; Ultra C Developer, which applies liquid developer to selected parts of photoresist to resolve an image; Ultra C PR Megasonic-Assisted Stripper, which removes photoresist; Ultra C Scrubber, which scrubs and cleans wafers; Ultra C Thin Wafer Scrubber, which addresses a sub-market of cleaning very thin wafers for certain Asian assembly factories; and Ultra C Wet Etcher, which etches silicon wafers and copper and titanium interconnects. In addition, the company provides ECP technology for advanced metal plating; Ultra fn Furnace, a dry processing tool; Ultra Pmax PECVD tools, a proprietary designed chamber, gas distribution unit, and chuck; and Ultra Track, a 300mm process tool that delivers uniform air downflow, fast robot handling and configurable software to address specific customer requirements. It markets and sells its products under the SAPS, TEBO, ULTRA C, ULTRA Fn, Ultra ECP, Ultra ECP map, and Ultra ECP ap trademarks through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.

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$86.56
+283.86% 1Y

Market & Price

Market Cap
$5.98B
Current Price
$86.56
High / Low (52W)
$92.86 / $22.55
Beta
1.82

Valuation

Stock P/E
66.08
Industry PE
32.74
Forward P/E
38.41
PEG Ratio
-
Book Value
$23.89
Price to Book
3.62
P/S
6.23
EV/EBITDA
38.28
Dividend Yield
-

Profitability & Returns

ROCE
6.68%
ROE
7.60%
ROA
3.00%
Profit Margin
9.48%
Op Margin
15.64%
EPS (Latest Qtr)
$0.24
EPS (TTM)
$1.31

Balance Sheet & Liquidity

Debt/Equity
0.16
Quick Ratio
2.48
Current Ratio
3.51
Debt
$337.06M
Total Assets
$2.87B
Current Assets
$2.44B
Working Capital
$1.69B

Ownership

Promoter Holding
12.78%
Chg in Prom Hold
-
FII / Inst Holding
74.28%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$5.31B
Total Revenue (TTM)
$960.23M
EBITDA
$138.61M
Free Cash Flow
$-142.42M
Operating Cash Flow
$-45.15M
Shares Outstanding
64.12M
Gross Margin
44.23%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
32.34%
Profit 5Y
33.81%
Revenue (YoY)
34.20%
Earnings (YoY)
-18.70%

PROS

  • Compounding revenue at 32.3% over 5 years.
  • Profit CAGR of 33.8% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 66.1.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ACMR ACM Research, Inc. R2KAI 86.56 66.08 $5.98B - 6.68% 7.60% 32.34% 33.81%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------23.18M20.48M29.01M33.43M24.35M39.05M47.66M43.73M53.86M67.01M42.19M104.39M133.71M74.26M144.58M168.57M152.19M202.48M203.98M172.35M215.37M269.16M244.43M231.26M
Cost of Revenue -------------------------89.80M110.91M156.01M144.52M124.03M
Gross Profit 2.92M2.40M3.45M2.20M5.12M8.72M10.29M8.83M13.13M16.25M10.23M19.36M20.34M18.05M21.68M29.68M19.69M44.16M65.97M39.99M68.64M88.51M79.12M96.78M104.83M82.55M104.46M113.15M99.91M107.24M
Operating Expenses -------------------------56.77M72.77M84.23M76.87M71.06M
Operating Income 788.00K-1.55M-202.00K-1.31M-1.90M2.33M3.40M2.25M4.66M7.03M1.22M7.34M7.51M3.45M4.33M11.79M-9.31M20.04M31.64M8.86M30.43M33.17M25.23M37.59M44.18M25.78M31.69M28.92M23.04M36.18M
EBITDA -------------------------31.74M43.26M55.04M28.43M37.41M
Interest Expense -------------------------1.56M1.76M1.85M1.79M1.93M
Pretax Income -------------------------27.17M38.16M49.09M20.78M30.01M
Tax Provision -------------------------2.15M1.89M2.69M6.57M3.77M
Net Income 362.00K-2.09M-658.00K-955.00K-2.78M3.21M3.85M1.86M4.31M8.78M1.71M-81.00K8.63M5.47M6.57M10.15M-5.79M12.24M21.00M7.14M26.82M25.68M17.43M24.21M30.90M20.38M29.76M35.89M8.05M17.31M
Diluted EPS 0.05-0.43-0.13-0.17-0.180.180.210.100.230.450.080.000.400.080.100.15-0.100.180.320.110.410.390.260.350.450.300.440.520.110.24
R&D Expense 813.00K928.00K939.00K1.21M1.54M2.42M2.26M2.77M3.34M3.49M3.68M5.22M4.34M5.50M7.93M7.86M17.35M11.37M15.68M14.03M20.06M26.15M23.92M25.97M27.84M27.50M33.82M39.65M-36.55M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --74.64M107.52M156.62M259.75M388.83M557.72M782.12M901.31M
Cost of Revenue ------205.22M281.51M390.56M501.24M
Gross Profit 13.33M17.23M34.45M50.65M69.60M114.86M183.62M276.21M391.55M400.07M
Operating Expenses ------124.58M180.38M240.56M290.64M
Operating Income 3.49M700.00K6.47M17.79M21.49M38.70M59.03M95.84M151.00M109.43M
EBITDA ------74.38M126.99M180.42M158.47M
Interest Expense ------1.66M2.68M4.15M6.96M
Pretax Income ------67.36M116.22M166.30M135.19M
Tax Provision ------16.80M19.36M35.03M13.30M
Net Income 1.03M-318.00K6.57M18.89M18.78M37.76M39.26M77.35M103.63M94.08M
Diluted EPS 0.18-0.050.370.990.300.580.591.161.531.37
R&D Expense 3.26M5.14M10.38M12.90M19.12M34.21M62.23M92.71M105.47M144.99M

Compounded Sales Growth

5 Years:32.34%
1 Year:34.20%

Compounded Profit Growth

5 Years:33.81%
1 Year:-18.70%

Stock Price Performance

1 Year:+283.86%
6 Months:+161.51%
3 Months:+55.46%
1 Month:+77.92%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -44.47M67.89M103.05M217.70M341.26M-1.24B1.49B1.86B2.87B
Current Assets -------963.81M1.18B1.48B2.44B
Cash & Equivalents 4.40M10.12M17.68M27.12M58.26M71.77M-247.95M182.09M407.44M757.37M
Inventory -------393.17M545.39M597.98M702.63M
Receivables -------182.94M283.19M387.05M504.25M
Total Liabilities -23.95M28.03M50.72M60.22M133.09M-423.33M564.75M759.82M941.68M
Current Liabilities -17.07M21.82M46.14M53.50M102.91M-396.21M500.66M641.23M745.71M
Long Term Debt ----017.98M-18.69M53.95M105.53M178.93M
Total Debt -------79.50M99.10M188.78M297.91M
Total Equity --2.43M39.86M52.32M97.32M141.15M-674.86M767.39M904.62M1.46B
Shares Outstanding -------59.68M61.06M62.96M65.61M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow --6.91M9.40M-13.55M--62.19M-75.32M152.45M-10.32M
Investing Cash Flow ---2.07M-5.53M-69.95M--265.67M-6.75M-11.96M-390.33M
Financing Cash Flow --5.12M87.44M32.83M-45.87M18.53M92.48M742.49M
Capital Expenditure -795.00K-651.00K-1.83M-971.00K-5.21M--92.52M-64.34M-85.95M-57.66M
Free Cash Flow --5.08M8.43M-18.76M--154.71M-139.66M66.50M-67.98M
Net Change in Cash -------281.99M-63.54M232.97M341.83M
Share Buybacks --02.83M00----

Ratios (Annual)

Figures in %.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --46.2%47.1%44.4%44.2%47.2%49.5%50.1%44.4%
Operating Margin % --8.7%16.5%13.7%14.9%15.2%17.2%19.3%12.1%
Net Margin % --8.8%17.6%12.0%14.5%10.1%13.9%13.2%10.4%
ROE % -42.4%-0.8%12.6%19.4%13.3%-5.8%10.1%11.5%6.4%
ROCE % 12.7%1.5%11.4%10.8%9.0%-7.0%9.7%12.4%5.1%

Shareholding Pattern

Insiders
12.78%
Institutions
74.28%
Public Float
85.16%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 13.04% 7.98M $691.17M
2 Vanguard Capital Management LLC 3.70% 2.26M $196.00M
3 Vanguard Portfolio Management LLC 3.60% 2.20M $190.76M
4 State Street Corporation 3.28% 2.01M $173.65M
5 WCM Investment Management, LLC 3.04% 1.86M $161.08M
6 Geode Capital Management, LLC 2.24% 1.37M $118.69M
7 Morgan Stanley 1.95% 1.19M $103.24M
8 Janus Henderson Group PLC 1.77% 1.09M $93.97M
9 Value Aligned Research Advisors, LLC 1.56% 955.93K $82.75M
10 Invesco Ltd. 1.29% 787.10K $68.13M

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