InsiderClue
Stocks · Industrials · Special Industry Machinery, NEC

ACM Research, Inc.

ACMR Clue Score69
United States Fiscal year ends December CIK 0001680062
$71.37 +0.81% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $71.37 −31.46% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 3 Nov 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue27.4Operating income3.5Net income1.0EPS, diluted0.18Fiscal year 2017Revenue36.5 +33.4%Operating income0.7Net income−0.3 −130.8%EPS, diluted−0.05Fiscal year 2018Revenue74.6 +104.5%Operating income6.5Net income6.6EPS, diluted0.37Fiscal year 2019Revenue107.5 +44.1%Operating income17.8Net income18.9 +187.4%EPS, diluted0.99Fiscal year 2020Revenue156.6 +45.7%Operating income21.5Net income18.8 −0.6%EPS, diluted0.30Fiscal year 2021Revenue259.8 +65.8%Operating income38.7Net income37.8 +101.0%EPS, diluted0.58Fiscal year 2022Revenue388.8 +49.7%Operating income59.0Net income39.3 +4.0%EPS, diluted0.59Fiscal year 2023Revenue557.7 +43.4%Operating income95.8Net income77.3 +97.0%EPS, diluted1.16Fiscal year 2024Revenue782.1 +40.2%Operating income151.0Net income103.6 +34.0%EPS, diluted1.53Fiscal year 2025Revenue901.3 +15.2%Operating income109.4Net income94.1 −9.2%EPS, diluted1.37
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 27.4 36.5 74.6 107.5 156.6 259.8 388.8 557.7 782.1 901.3
Growth +33.4% +104.5% +44.1% +45.7% +65.8% +49.7% +43.4% +40.2% +15.2%
Operating income 3.5 0.7 6.5 17.8 21.5 38.7 59.0 95.8 151.0 109.4
Net income 1.0 −0.3 6.6 18.9 18.8 37.8 39.3 77.3 103.6 94.1
Growth −130.8% +187.4% −0.6% +101.0% +4.0% +97.0% +34.0% −9.2%
EPS, diluted 0.18 −0.05 0.37 0.99 0.30 0.58 0.59 1.16 1.53 1.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin48.7%Operating margin12.8%Net margin3.8%Free cash flow margin−16.4%Fiscal year 2017Gross margin47.2%Operating margin1.9%Net margin−0.9%Free cash flow margin−24.0%Fiscal year 2018Gross margin46.2%Operating margin8.7%Net margin8.8%Free cash flow margin6.8%Fiscal year 2019Gross margin47.1%Operating margin16.5%Net margin17.6%Free cash flow margin7.8%Fiscal year 2020Gross margin44.4%Operating margin13.7%Net margin12.0%Free cash flow margin−12.0%Fiscal year 2021Gross margin44.2%Operating margin14.9%Net margin14.5%Free cash flow margin−19.0%Fiscal year 2022Gross margin47.2%Operating margin15.2%Net margin10.1%Free cash flow margin−39.4%Fiscal year 2023Gross margin49.5%Operating margin17.2%Net margin13.9%Free cash flow margin−24.6%Fiscal year 2024Gross margin50.1%Operating margin19.3%Net margin13.2%Free cash flow margin8.9%Fiscal year 2025Gross margin44.4%Operating margin12.1%Net margin10.4%Free cash flow margin−7.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 48.7% 47.2% 46.2% 47.1% 44.4% 44.2% 47.2% 49.5% 50.1% 44.4%
Operating margin 12.8% 1.9% 8.7% 16.5% 13.7% 14.9% 15.2% 17.2% 19.3% 12.1%
Net margin 3.8% −0.9% 8.8% 17.6% 12.0% 14.5% 10.1% 13.9% 13.2% 10.4%
Free cash flow margin −16.4% −24.0% 6.8% 7.8% −12.0% −19.0% −39.4% −24.6% 8.9% −7.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−3.7Capital expenditure−0.8Free cash flow−4.5Fiscal year 2017Operating cash flow−8.1Capital expenditure−0.7Free cash flow−8.8Fiscal year 2018Operating cash flow6.9Capital expenditure−1.8Free cash flow5.1Buybacks0.0Fiscal year 2019Operating cash flow9.4Capital expenditure−1.0Free cash flow8.4 +66.0%Buybacks−2.8Fiscal year 2020Operating cash flow−13.5Capital expenditure−5.2Free cash flow−18.8 −322.5%Buybacks0.0Fiscal year 2021Operating cash flow−40.1Capital expenditure−9.2Free cash flow−49.2Buybacks0.0Fiscal year 2022Operating cash flow−62.2Capital expenditure−91.1Free cash flow−153.3Fiscal year 2023Operating cash flow−75.3Capital expenditure−61.9Free cash flow−137.2Fiscal year 2024Operating cash flow152.5Capital expenditure−82.5Free cash flow70.0Fiscal year 2025Operating cash flow−10.3Capital expenditure−56.3Free cash flow−66.6 −195.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −3.7 −8.1 6.9 9.4 −13.5 −40.1 −62.2 −75.3 152.5 −10.3
Capital expenditure −0.8 −0.7 −1.8 −1.0 −5.2 −9.2 −91.1 −61.9 −82.5 −56.3
Free cash flow −4.5 −8.8 5.1 8.4 −18.8 −49.2 −153.3 −137.2 70.0 −66.6
Growth +66.0% −322.5% −195.2%
Buybacks n/a n/a 0.0 −2.8 0.0 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash10.1Shareholders’ equity−2.4Fiscal year 2017Cash17.7Shareholders’ equity39.9Fiscal year 2018Cash27.1Shareholders’ equity52.3Fiscal year 2019Cash58.3Total debt0.0Net cash (debt)58.3Shareholders’ equity97.3Debt to equity0.00Fiscal year 2020Cash71.8Total debt19.6Net cash (debt)52.2Shareholders’ equity141.2Debt to equity0.14Fiscal year 2021Cash562.5Total debt25.4Net cash (debt)537.2Shareholders’ equity676.2Debt to equity0.04Fiscal year 2022Cash248.0Total debt21.0Net cash (debt)226.9Shareholders’ equity674.9Debt to equity0.03Fiscal year 2023Cash182.1Total debt60.7Net cash (debt)121.4Shareholders’ equity767.4Debt to equity0.08Fiscal year 2024Cash407.4Total debt150.0Net cash (debt)257.4Shareholders’ equity904.6Debt to equity0.17Fiscal year 2025Cash757.4Total debt214.0Net cash (debt)543.4Shareholders’ equity1,464.4Debt to equity0.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.1 17.7 27.1 58.3 71.8 562.5 248.0 182.1 407.4 757.4
Total debt n/a n/a n/a 0.0 19.6 25.4 21.0 60.7 150.0 214.0
Net cash (debt) n/a n/a n/a 58.3 52.2 537.2 226.9 121.4 257.4 543.4
Shareholders’ equity −2.4 39.9 52.3 97.3 141.2 676.2 674.9 767.4 904.6 1,464.4
Debt to equity n/a n/a n/a 0.00 0.14 0.04 0.03 0.08 0.17 0.15

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
48.7% 47.2% 46.2% 47.1% 44.4% 44.2% 47.2% 49.5% 50.1% 44.4%
12.8% 1.9% 8.7% 16.5% 13.7% 14.9% 15.2% 17.2% 19.3% 12.1%
10.9% −0.9% 9.9% 17.6% 12.3% 16.6% 17.3% 20.8% 21.3% 15.0%
3.8% −0.9% 8.8% 17.6% 12.0% 14.5% 10.1% 13.9% 13.2% 10.4%
−16.4% −24.0% 6.8% 7.8% −12.0% −19.0% −39.4% −24.6% 8.9% −7.4%
Spending
11.9% 14.1% 13.9% 12.0% 12.2% 13.2% 16.0% 16.6% 13.5% 16.1%
9.8% 16.1% 10.7% 7.5% 7.8% 5.9% 5.8% 7.3% 8.9% 7.6%
2.9% 1.8% 2.5% 0.9% 3.3% 3.5% 23.4% 11.1% 10.5% 6.2%
20.0% n/a 10.9% −2.7% −12.3% 0.3% 24.9% 16.7% 21.1% 9.8%
Returns
n/a −0.8% 12.6% 19.4% 13.3% 5.6% 5.8% 10.1% 11.5% 6.4%
2.3% −0.5% 6.4% 8.7% 5.5% 3.6% 3.2% 5.2% 5.6% 3.3%
Balance and payout
n/a n/a n/a 0.00 0.14 0.04 0.03 0.08 0.17 0.15
53.9% 41.3% 49.2% 27.7% 39.0% 22.9% 34.3% 37.9% 40.9% 32.8%
n/a n/a 0.0% 33.5% n/a n/a n/a n/a n/a n/a