ACMR - ACM Research, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$75.00
DETAILS
HIGH:
$75.00
LOW:
$75.00
MEDIAN:
$75.00
CONSENSUS:
$75.00
UPSIDE:
2.25%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 901.3 | 782.1 | 557.7 | 388.8 | 259.8 | 156.6 | 107.5 | 74.6 | 36.5 | 27.4 | 31.2 |
| Cost of Revenue | 501.2 | 390.6 | 281.5 | 205.2 | 144.9 | 87.0 | 56.9 | 40.2 | 19.3 | 14.0 | 17.1 |
| Gross Profit | 400.1 | 391.6 | 276.2 | 183.6 | 114.9 | 69.6 | 50.7 | 34.4 | 17.2 | 13.3 | 14.1 |
| Operating Expenses | |||||||||||
| R&D Expenses | 145.0 | 105.5 | 92.7 | 62.2 | 34.2 | 19.1 | 12.9 | 10.4 | 5.1 | 3.3 | 2.9 |
| SG&A Expenses | 145.6 | 135.1 | 87.7 | 62.4 | 41.9 | 29.0 | 20.0 | 17.6 | 11.4 | 6.6 | 6.3 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 290.6 | 240.6 | 180.4 | 124.6 | 76.2 | 48.1 | 32.9 | 28.0 | 16.5 | 9.8 | 9.3 |
| Operating Income | |||||||||||
| Operating Income | 109.4 | 151.0 | 95.8 | 59.0 | 38.7 | 21.5 | 17.8 | 6.5 | 0.7 | 3.5 | 4.9 |
| Interest Expense | 7.0 | 4.2 | 2.7 | 1.7 | 0.8 | 1.0 | 0.7 | 0.5 | 0.3 | 0.2 | 0.1 |
| Interest Income | 14.6 | 9.9 | 8.4 | 8.7 | 0.5 | 0.9 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||
| EBITDA | 158.5 | 180.4 | 127.0 | 74.4 | 41.1 | 21.3 | 18.6 | 6.9 | 0.2 | 3.4 | 5.7 |
| EBIT | 142.1 | 170.5 | 118.9 | 69.0 | 38.7 | 20.3 | 17.8 | 6.5 | 0.7 | 3.5 | 4.9 |
| Income Before Tax | 135.2 | 166.3 | 116.2 | 67.4 | 43.1 | 19.3 | 18.9 | 7.4 | (0.3) | 3.0 | 5.4 |
| Income Tax Expense | 13.3 | 35.0 | 19.4 | 16.8 | 0.1 | (2.4) | (0.5) | 0.8 | 0.5 | 0.6 | (2.5) |
| Net Income | 94.1 | 103.6 | 77.3 | 39.3 | 37.8 | 18.8 | 18.9 | 6.6 | (0.3) | 1.0 | 5.4 |
| Per Share Data | |||||||||||
| EPS (Basic) | 1.47 | 1.67 | 1.29 | 0.66 | 0.65 | 0.34 | 0.37 | 0.12 | -0.02 | 0.04 | 0.35 |
| EPS (Diluted) | 1.37 | 1.53 | 1.16 | 0.59 | 0.58 | 0.30 | 0.33 | 0.12 | -0.01 | 0.04 | 0.68 |
| Shares Outstanding | 64.2 | 62.2 | 60.2 | 59.2 | 57.7 | 54.7 | 50.4 | 53.3 | 20.6 | 23.7 | 15.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 766.0 | 407.4 | 182.1 | 248.0 | 562.5 | 71.8 | 58.3 | 27.1 | 17.7 | 10.1 |
| Short-Term Investments | 402.1 | 36.6 | 101.8 | 90.7 | 29.5 | 28.2 | 0 | 0 | 0 | 0 |
| Net Receivables | 552.9 | 428.9 | 325.7 | 212.6 | 125.6 | 66.1 | 33.7 | 28.2 | 29.3 | 17.8 |
| Inventory | 702.6 | 598.0 | 545.4 | 393.2 | 218.1 | 88.6 | 44.8 | 38.8 | 15.4 | 11.7 |
| Other Current Assets | 2.5 | 3.9 | 1.1 | 0.5 | 0.5 | 0 | 59.6 | 0 | 0.0 | 0.1 |
| Total Current Assets | 2,436.7 | 1,483.4 | 1,176.1 | 963.8 | 952.9 | 260.7 | 198.4 | 96.0 | 62.9 | 40.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 332.8 | 283.3 | 208.9 | 85.4 | 61.2 | 12.5 | 7.5 | 3.7 | 2.3 | 2.3 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.8 | 3.5 | 2.5 | 9.9 | 10.9 | 10.2 | 0.3 | 0.3 | 0.1 | 0.0 |
| Long-Term Investments | 66.0 | 50.3 | 68.7 | 119.4 | 12.7 | 6.3 | 5.9 | 1.4 | 1.2 | (1.8) |
| Other Non-Current Assets | 4.5 | 20.5 | 14.4 | 50.3 | 1.3 | 40.5 | 0.2 | 0.0 | 0 | 1.8 |
| Total Non-Current Assets | 435.5 | 372.3 | 314.8 | 271.7 | 99.2 | 80.6 | 19.3 | 7.0 | 5.0 | 4.1 |
| Total Assets | 2,872.2 | 1,855.7 | 1,490.9 | 1,235.5 | 1,052.2 | 341.3 | 217.7 | 103.0 | 67.9 | 44.5 |
| Current Liabilities | ||||||||||
| Account Payables | 247.5 | 139.3 | 153.2 | 101.7 | 93.5 | 35.6 | 13.3 | 16.7 | 7.4 | 4.7 |
| Short-Term Debt | 113.9 | 77.3 | 38.1 | 58.3 | 12.0 | 27.7 | 13.8 | 9.4 | 5.1 | 4.8 |
| Deferred Revenue | 205.2 | 252.5 | 185.1 | 157.9 | 56.0 | 19.2 | 9.1 | 8.4 | 0.1 | 0.2 |
| Other Current Liabilities | 178.1 | 0 | 100.3 | 61.2 | 0 | 15.8 | 0 | 1.9 | 7.5 | 3.5 |
| Total Current Liabilities | 745.7 | 641.2 | 500.7 | 396.2 | 205.9 | 102.9 | 53.5 | 46.1 | 21.8 | 17.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 184.0 | 105.5 | 54.0 | 18.7 | 23.0 | 18.0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 1.3 | 1.3 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6.9 | 1.2 | 1.3 | 7.3 | 0.7 | 8.0 | 63.1 | 4.6 | 6.2 | 24.9 |
| Total Non-Current Liabilities | 196.0 | 118.6 | 64.1 | 27.1 | 34.6 | 30.2 | 66.9 | 4.6 | 6.2 | 24.9 |
| Total Liabilities | 941.7 | 759.8 | 564.7 | 423.3 | 240.5 | 133.1 | 120.4 | 50.7 | 28.0 | 42.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 350.4 | 260 | 156.8 | 94.4 | 63.7 | 34.3 | 15.5 | (3.4) | (10.0) | (9.6) |
| Accumulated Other Comprehensive Income | (1.6) | (32.9) | (19.3) | (23.7) | 17.4 | 4.9 | (1.7) | (0.9) | 0.1 | (0.4) |
| Total Stockholders' Equity | 1,464.4 | 904.6 | 767.4 | 674.9 | 676.2 | 141.2 | 97.3 | 52.3 | 39.9 | (2.4) |
| Total Liabilities & Equity | 2,872.2 | 1,855.7 | 1,490.9 | 1,235.5 | 1,052.2 | 341.3 | 217.7 | 103.0 | 67.9 | 44.5 |
| Debt Metrics | ||||||||||
| Total Debt | 303.0 | 188.8 | 99.1 | 79.5 | 39.1 | 50.0 | 17.6 | 9.4 | 5.1 | 4.8 |
| Net Debt | (463.0) | (218.7) | (83.0) | (168.4) | (523.4) | (21.8) | (40.6) | (17.7) | (12.6) | (5.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 94.1 | 131.3 | 77.3 | 50.6 | 42.9 | 21.7 | 19.5 | 6.6 | (0.9) | 2.4 |
| Depreciation & Amortization | 16.3 | 10.0 | 8.1 | 5.4 | 2.4 | 1.1 | 0.8 | 0.4 | 0.3 | 0.2 |
| Stock-Based Compensation | 33.6 | 49.6 | 27.3 | 7.7 | 5.1 | 5.6 | 3.6 | 3.4 | 1.6 | 0.4 |
| Change in Working Capital | (177.8) | (63.1) | (184.6) | (131.9) | (83.4) | (36.6) | (10.8) | (2.9) | (9.7) | (8.7) |
| Other Non-Cash Items | 37.9 | 19.4 | 10.1 | 2.1 | (5.2) | (1.2) | 0.1 | (0.1) | (0.0) | 1.6 |
| Operating Cash Flow | (10.3) | 152.4 | (75.3) | (62.2) | (40.1) | (13.5) | 9.4 | 6.9 | (8.1) | (3.7) |
| Investing Activities | ||||||||||
| Capital Expenditure | (56.3) | (82.5) | (64.3) | (92.5) | (9.7) | (55.5) | (1.1) | (2.1) | (0.8) | (0.8) |
| Acquisitions | 0 | 0 | 0 | (1) | 0 | 0 | (4.4) | 0 | (22.0) | 0.0 |
| Purchases of Investments | (0.5) | (101.0) | (52.0) | (177.7) | (1.6) | (15.0) | (4.4) | 0 | (1.2) | 0 |
| Sales/Maturities of Investments | 2.1 | 175.0 | 109.6 | 4.6 | 0 | 0 | 9.0 | 0 | 1.1 | 0 |
| Other Investing Activities | (335.7) | (3.5) | (2.5) | (0.4) | (0.6) | (9.5) | (4.6) | (0.2) | (0.8) | 0.0 |
| Investing Cash Flow | (390.3) | (12.0) | (6.7) | (265.7) | (11.3) | (70.0) | (5.5) | (2.1) | (23.7) | (0.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 99.1 | 88.3 | 16.3 | 44.6 | (12.0) | 30.1 | 4.4 | 4.6 | 0.0 | 0 |
| Stock Repurchased | (7.0) | 0 | 0 | 0 | 0 | 0 | (2.8) | 0 | 0 | 0 |
| Dividends Paid | (7.6) | (6.9) | (4.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.2 | 0 | 0 | 0 | 0 | 2.7 | (0.3) | 0.5 | 38.7 | 10.6 |
| Financing Cash Flow | 742.5 | 92.5 | 18.5 | 45.9 | 538.8 | 32.8 | 87.4 | 5.1 | 38.7 | 10.6 |
| Cash Position | ||||||||||
| Net Change in Cash | 354.7 | 228.1 | (65.3) | (314.6) | 491.3 | (46.1) | 90.7 | 9.4 | 7.6 | 5.7 |
| Cash at Beginning | 411.3 | 183.2 | 248.5 | 563.1 | 71.8 | 117.9 | 27.1 | 17.7 | 10.1 | 4.4 |
| Cash at End | 766.0 | 411.3 | 183.2 | 248.5 | 563.1 | 71.8 | 117.9 | 27.1 | 17.7 | 10.1 |
| Free Cash Flow | (66.6) | 70.0 | (139.7) | (154.7) | (49.8) | (69.0) | 8.3 | 4.8 | (8.9) | (4.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 901.3 | 782.1 | 557.7 | 388.8 | 259.8 | 156.6 | 107.5 | 74.6 | 36.5 | 27.4 | 31.2 |
| Gross Profit | 400.1 | 391.6 | 276.2 | 183.6 | 114.9 | 69.6 | 50.7 | 34.4 | 17.2 | 13.3 | 14.1 |
| Operating Income | 109.4 | 151.0 | 95.8 | 59.0 | 38.7 | 21.5 | 17.8 | 6.5 | 0.7 | 3.5 | 4.9 |
| Net Income | 94.1 | 103.6 | 77.3 | 39.3 | 37.8 | 18.8 | 18.9 | 6.6 | (0.3) | 1.0 | 5.4 |
| EPS (Diluted) | 1.37 | 1.53 | 1.16 | 0.59 | 0.58 | 0.30 | 0.33 | 0.12 | -0.01 | 0.04 | 0.68 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 766.0 | 407.4 | 182.1 | 248.0 | 562.5 | 71.8 | 58.3 | 27.1 | 17.7 | 10.1 | |
| Total Assets | 2,872.2 | 1,855.7 | 1,490.9 | 1,235.5 | 1,052.2 | 341.3 | 217.7 | 103.0 | 67.9 | 44.5 | |
| Total Debt | 303.0 | 188.8 | 99.1 | 79.5 | 39.1 | 50.0 | 17.6 | 9.4 | 5.1 | 4.8 | |
| Stockholders' Equity | 1,464.4 | 904.6 | 767.4 | 674.9 | 676.2 | 141.2 | 97.3 | 52.3 | 39.9 | (2.4) | |
| Cash Flow | |||||||||||
| Operating Cash Flow | (10.3) | 152.4 | (75.3) | (62.2) | (40.1) | (13.5) | 9.4 | 6.9 | (8.1) | (3.7) | |
| Capital Expenditure | (56.3) | (82.5) | (64.3) | (92.5) | (9.7) | (55.5) | (1.1) | (2.1) | (0.8) | (0.8) | |
| Free Cash Flow | (66.6) | 70.0 | (139.7) | (154.7) | (49.8) | (69.0) | 8.3 | 4.8 | (8.9) | (4.5) | |