Skip to content
MARKETS / NASDAQ / ACMR
NASDAQ · SPECIAL INDUSTRY MACHINERY, NEC · LARGE CAP

ACM Research, Inc. ACMR

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$901.3M
▲ 15.2% YoY
$94.1M
▼ 9.2% YoY
$-66.6M
▼ 195.2% YoY
In brief

What this company does

ACM Research supplies capital equipment for the global semiconductor industry. Fabricators of chips use its wet-cleaning, plating, furnace, PECVD, track, and other front-end processing equipment in numerous steps to improve product yield. It also develops, manufactures and sells a range of advanced packaging equipment to wafer assembly and packaging customers. Revenue from its single wafer cleaning, Tahoe and semi-critical cleaning equipment totaled $626.0 million, or 69.5% of total revenue, in 2025. Since 2009 it has delivered more than 1,435 tools to customers, more than 1,255 of which were repeat orders or acceptances upon contractual performance obligations having been met. It conducts a substantial majority of its product development, manufacturing, support and services in mainland China, with additional product development and subsystem production in Korea, and substantially all of its tools are built to order at its Lingang development and production center. As of December 31, 2025, the company had 2,513 full-time equivalent employees, of whom 2,357 were located in mainland China and the Taiwan region, 127 in Korea and 29 in the United States. The company has pursued intellectual property protection since its founding in 1998, and as of December 31, 2025 it had been issued more than 594 patents in the United States, mainland China, Japan, Korea, Singapore and Taiwan, including 82 issued patents and 33 patents pending in the United States.

Written from the business description in ACM Research, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 901.3M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 901.3 · Net income 94.1
400M800M2016201720182019202020212022202320242025
Compound annual growth
+32.3%
+41.9%
+33.8%
+38.0%
+32.4%
+35.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +41.9% a year over five years — but profit grew slower: net income at +38.0%, earnings per share at +35.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.1% · Net 13.5%
5%10%15%-1%-2%2016201720182019202020212022202320242025
ROE
FY2025 · ROE 7.9%
10%20%2016201720182019202020212022202320242025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -66.6
25.0M50.0M-80.0M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2021 · Dividends — · Net buybacks -3.4
-8M-16M2018201920202021

Total assetsUSD 2.9B
EquityUSD 1.5B
CashUSD 757.4M
Gross debtUSD 214.0M
Net debtUSD -543.4M
Current ratio3.27×

The company holds more cash than debt.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B0.90.80.60.40.30.20.10.10.00.0
Operating income $B0.10.20.10.10.00.00.00.00.00.0
EBITDA $B0.10.20.10.10.00.00.00.00.00.0
Income tax $B0.00.00.00.00.0−0.0−0.00.00.00.0
Net income $B0.10.10.10.00.00.00.00.0−0.00.0
Free cash flow $B−0.10.1−0.1−0.2−0.0−0.00.00.0−0.0−0.0
EPS, diluted $1.371.531.160.590.580.300.990.37−0.050.18
Dividend / sh $··········
Payout %··········
ROE %7.912.410.75.89.215.825.314.3−1.7·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 45 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySpecial Industry Machinery, NEC
Listed onNASDAQ
Incorporated inCalifornia
Fiscal year endsDecember 31
Data on record since2016

Share this section

Download image