ACM Research, Inc. (ACMR) Financial Ratios
11 years of historical data (2015–2025) · Technology · Semiconductors
EV/EBITDA
↓
25.48
↑+78% vs avg
5yr avg: 14.28
30Y Low4.9·High75.4
P/FCF
N/A
—
5yr avg: 14.29
30Y Low14.3·High42.6
P/B Ratio
↓
1.93
↑+47% vs avg
5yr avg: 1.31
30Y Low0.6·High8.3
ROE
↓
6.2%
-17% vs avg
5yr avg: 7.5%
30Y Low-1%·High41%
Debt/EBITDA
↑
2.41
↑+79% vs avg
5yr avg: 1.34
30Y Low0.9·High5.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ACMR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ACM Research, Inc. trades at 40.4x earnings, 72% above its 5-year average of 23.5x, sitting at the 75th percentile of its historical range. Compared to the Technology sector median P/E of 27.5x, the stock trades at a premium of 47%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $2.7B | $1.0B | $1.3B | $504M | $1.9B | $1.7B | $353M | $195M | $79M | — |
| Enterprise Value | $3.2B | $2.2B | $782M | $1.2B | $335M | $1.3B | $1.7B | $312M | $177M | $66M | — |
| P/E Ratio → | 40.42 | 28.80 | 9.87 | 16.84 | 13.07 | 49.00 | 90.27 | 18.64 | 30.25 | — | — |
| P/S Ratio | 4.07 | 2.95 | 1.28 | 2.27 | 1.30 | 7.15 | 10.99 | 3.28 | 2.61 | 2.16 | — |
| P/B Ratio | 1.93 | 1.38 | 0.91 | 1.37 | 0.62 | 2.29 | 8.27 | 3.63 | 3.73 | 1.98 | — |
| P/FCF | — | — | 14.29 | — | — | — | — | 42.65 | 40.32 | — | — |
| P/OCF | — | — | 6.56 | — | — | — | — | 37.55 | 28.23 | — | — |
P/E links to full P/E history page with 30-year chart
ACMR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ACM Research, Inc.'s enterprise value stands at 25.5x EBITDA, 78% above its 5-year average of 14.3x. The Technology sector median is 17.4x, placing the stock at a 47% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.43 | 1.00 | 2.12 | 0.86 | 5.14 | 10.85 | 2.91 | 2.38 | 1.82 | — |
| EV / EBITDA | 25.48 | 17.43 | 4.86 | 11.40 | 5.21 | 32.49 | 75.36 | 16.82 | 25.75 | 68.40 | — |
| EV / EBIT | 29.28 | 15.42 | 4.58 | 9.96 | 4.86 | 34.47 | 83.80 | 17.56 | 27.41 | 94.88 | — |
| EV / FCF | — | — | 11.17 | — | — | — | — | 37.74 | 36.67 | — | — |
ACMR Profitability
Margins and return-on-capital ratios measuring operating efficiency
ACM Research, Inc. earns an operating margin of 12.1%. Operating margins have compressed from 17.2% to 12.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.2% is modest. ROIC of 7.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.4% | 44.4% | 50.1% | 49.5% | 47.2% | 44.2% | 44.4% | 47.1% | 46.2% | 47.2% | 48.7% |
| Operating Margin | 12.1% | 12.1% | 19.3% | 17.2% | 15.2% | 14.9% | 13.7% | 16.5% | 8.7% | 1.9% | 12.8% |
| Net Profit Margin | 10.4% | 10.4% | 13.2% | 13.9% | 10.1% | 14.5% | 12.0% | 17.6% | 8.8% | -0.9% | 3.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 10.2% | 8.9% | 4.8% | 7.4% | 12.3% | 25.3% | 14.3% | -1.5% | 41.5% |
| ROA | 4.0% | 4.0% | 6.2% | 5.7% | 3.4% | 5.4% | 6.7% | 11.8% | 7.7% | -0.6% | 2.7% |
| ROIC | 7.0% | 7.0% | 13.2% | 9.7% | 9.5% | 12.2% | 13.3% | 29.2% | 15.7% | 4.3% | — |
| ROCE | 6.6% | 6.6% | 13.7% | 10.5% | 7.0% | 7.1% | 10.7% | 16.1% | 12.6% | 1.9% | 17.9% |
ACMR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ACM Research, Inc. carries a Debt/EBITDA ratio of 2.4x, which is manageable (16% below the sector average of 2.9x). The company holds a net cash position — cash of $766M exceeds total debt of $303M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 20.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.17 | 0.11 | 0.10 | 0.05 | 0.24 | 0.18 | 0.18 | 0.13 | 1.92 |
| Debt / EBITDA | 2.41 | 2.41 | 1.17 | 0.95 | 1.23 | 0.95 | 2.22 | 0.95 | 1.37 | 5.26 | 1.30 |
| Net Debt / Equity | — | -0.24 | -0.20 | -0.09 | -0.21 | -0.64 | -0.10 | -0.42 | -0.34 | -0.32 | -2.15 |
| Net Debt / EBITDA | -3.68 | -3.68 | -1.36 | -0.80 | -2.62 | -12.75 | -0.96 | -2.19 | -2.57 | -12.95 | -1.45 |
| Debt / FCF | — | — | -3.12 | — | — | — | — | -4.91 | -3.65 | — | — |
| Interest Coverage | 20.44 | 20.44 | 41.06 | 44.35 | 41.70 | 50.59 | 20.65 | 23.88 | 12.99 | 2.53 | 19.28 |
Net cash position: cash ($766M) exceeds total debt ($303M)
ACMR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
ACM Research, Inc.'s current ratio of 3.27x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.33x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.35x to 3.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.27 | 3.27 | 2.31 | 2.35 | 2.43 | 4.63 | 2.53 | 3.71 | 2.08 | 2.88 | 2.36 |
| Quick Ratio | 2.33 | 2.33 | 1.38 | 1.26 | 1.44 | 3.57 | 1.67 | 2.87 | 1.24 | 2.18 | 1.68 |
| Cash Ratio | 1.57 | 1.57 | 0.69 | 0.57 | 0.85 | 2.87 | 0.97 | 1.09 | 0.59 | 0.81 | 0.59 |
| Asset Turnover | — | 0.31 | 0.42 | 0.37 | 0.31 | 0.25 | 0.46 | 0.49 | 0.72 | 0.54 | 0.62 |
| Inventory Turnover | 0.71 | 0.71 | 0.65 | 0.52 | 0.52 | 0.66 | 0.98 | 1.27 | 1.04 | 1.25 | 1.20 |
| Days Sales Outstanding | — | 223.91 | 200.16 | 213.14 | 199.53 | 176.51 | 154.09 | 114.38 | 137.68 | 292.48 | 237.22 |
ACMR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ACM Research, Inc. returns 0.4% to shareholders annually — split between a 0.2% dividend yield and 0.2% buyback yield. The payout ratio of 8.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.3% | 0.7% | 0.3% | — | — | — | — | — | — | — |
| Payout Ratio | 8.1% | 8.1% | 6.7% | 5.1% | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 3.5% | 10.1% | 5.9% | 7.7% | 2.0% | 1.1% | 5.4% | 3.3% | — | — |
| FCF Yield | — | — | 7.0% | — | — | — | — | 2.3% | 2.5% | — | — |
| Buyback Yield | 0.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.4% | 0.5% | 0.7% | 0.3% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $67M | $66M | $65M | $65M | $65M | $64M | $57M | $54M | $45M | $24M |
Peer Comparison
Compare ACMR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ACMRYou | $4B | 40.4 | 25.5 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
 ICHR | $3B | -47.1 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
 UCTT | $4B | -20.9 | 35.9 | 258.3 | 15.7% | 2.1% | -21.1% | 2.6% | 6.8 |
 AXTI | $5B | -213.9 | — | — | 12.7% | -24.9% | -7.2% | -6.0% | — |
 CAMT | $7B | 83.7 | — | — | 48.9% | 25.2% | 23.1% | 13.7% | 1.7 |
 ONTO | $15B | 105.8 | 73.9 | 48.8 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 LRCX | $371B | 71.6 | 58.8 | 68.5 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
 AMAT | $340B | 49.5 | 40.4 | 59.7 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
 KLAC | $239B | 59.8 | 43.1 | 63.8 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
 NVMI | $16B | 93.0 | 76.8 | 71.8 | 57.6% | 27.9% | 21.9% | 14.9% | 1.2 |
 MKSI | $20B | 67.2 | 26.2 | 39.8 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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Start ComparisonACMR — Frequently Asked Questions
Quick answers to the most common questions about buying ACMR stock.
What is ACM Research, Inc.'s P/E ratio?
ACM Research, Inc.'s current P/E ratio is 40.4x. The historical average is 32.1x. This places it at the 75th percentile of its historical range.
What is ACM Research, Inc.'s EV/EBITDA?
ACM Research, Inc.'s current EV/EBITDA is 25.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.6x.
What is ACM Research, Inc.'s ROE?
ACM Research, Inc.'s return on equity (ROE) is 6.2%. The historical average is 12.9%.
Is ACMR stock overvalued?
Based on historical data, ACM Research, Inc. is trading at a P/E of 40.4x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ACM Research, Inc.'s dividend yield?
ACM Research, Inc.'s current dividend yield is 0.20% with a payout ratio of 8.1%.
What are ACM Research, Inc.'s profit margins?
ACM Research, Inc. has 44.4% gross margin and 12.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does ACM Research, Inc. have?
ACM Research, Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.