Last 39 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
ACM Research, Inc.'s quarterly P/E stands at 18.8x, up 66.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 125.8% YoY to 14.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 36.39 | 18.81 | 14.72 | 19.45 | 8.21 | 11.28 | 16.47 | 28.02 | 18.79 | 11.61 | 7.98 | 26.59 | 10.71 |
| — | +66.8% | -10.7% | -30.6% | -56.3% | -2.8% | +106.5% | +5.4% | +75.5% | +19.2% | -50.7% | — | -57.8% | |
| P/S Ratio | 4.26 | 2.49 | 2.03 | 2.27 | 1.12 | 1.66 | 1.91 | 3.17 | 1.89 | 1.76 | 1.47 | 2.56 | 1.14 |
| — | +49.9% | +6.2% | -28.5% | -40.6% | -5.6% | +30.0% | +23.7% | +65.8% | +15.0% | -44.4% | -68.3% | -77.0% | |
| P/B Ratio | 3.37 | 1.42 | 1.47 | 1.35 | 0.92 | 1.27 | 1.54 | 2.01 | 1.39 | 1.35 | 1.02 | 0.91 | 0.61 |
| — | +12.2% | -5.0% | -32.7% | -34.1% | -6.2% | +51.5% | +119.8% | +128.2% | +27.8% | -27.2% | -45.8% | -73.8% | |
| P/FCF | 47.62 | — | — | — | 3.32 | — | 8.05 | — | — | — | 60.99 | — | — |
| — | — | — | — | — | — | -86.8% | — | — | — | — | — | — | |
| EV / EBITDA | 19.35 | 14.50 | 11.29 | 11.66 | 4.19 | 6.42 | 8.64 | 16.58 | 11.84 | 7.56 | 5.15 | 15.92 | 4.55 |
| — | +125.8% | +30.7% | -29.7% | -64.6% | -15.1% | +67.8% | +4.2% | +160.1% | +80.6% | -45.6% | — | -73.4% | |
| EV / EBIT | 20.62 | 9.40 | 9.91 | 11.69 | 3.41 | 6.81 | 8.24 | 18.23 | 9.38 | 8.23 | 4.02 | 16.52 | 4.66 |
| — | +37.9% | +20.2% | -35.9% | -63.7% | -17.2% | +105.2% | +10.4% | +101.2% | +87.5% | -50.9% | — | -69.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
ACM Research, Inc.'s operating margin was 10.7% in Q3 2025, down 4.0 pp QoQ and down 10.9 pp YoY. This marks the 5th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 15.0% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 18.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.1% | 42.0% | 48.5% | 47.9% | 49.6% | 51.4% | 47.8% | 52.0% | 46.4% | 52.5% | 47.5% | 53.8% | 49.6% |
| — | -18.2% | +1.5% | -7.9% | +6.8% | -2.1% | +0.7% | -3.5% | -6.3% | +6.4% | +12.2% | +15.4% | +3.8% | |
| Operating Margin | 19.3% | 10.7% | 14.7% | 15.0% | 19.7% | 21.7% | 18.6% | 16.6% | 13.7% | 19.7% | 21.0% | 11.9% | 15.4% |
| — | -50.4% | -20.7% | -9.8% | +43.4% | +10.1% | -11.8% | +38.9% | -10.6% | -16.8% | +9.7% | +154.1% | -23.6% | |
| Net Margin | 13.2% | 13.3% | 13.8% | 11.8% | 13.9% | 15.2% | 12.0% | 11.5% | 10.4% | 15.2% | 18.6% | 9.6% | 10.9% |
| — | -12.0% | +15.6% | +3.2% | +33.8% | -0.5% | -35.6% | +19.0% | -4.5% | -3.0% | +58.3% | +170.2% | -33.5% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.2% | 2.3% | 2.5% | 1.8% | 2.9% | 3.0% | 2.5% | 1.8% | 2.0% | 3.0% | 3.2% | 0.9% | 1.5% |
| — | -21.9% | +2.8% | -2.0% | +46.3% | -0.5% | -23.4% | +112.7% | +31.8% | +11.5% | +110.0% | +221.7% | -49.6% | |
| ROA | 6.2% | 1.5% | 1.5% | 1.1% | 1.7% | 1.8% | 1.5% | 1.1% | 1.2% | 1.9% | 2.0% | 0.6% | 1.0% |
| — | -16.4% | -0.3% | -6.0% | +39.6% | -5.2% | -26.4% | +104.0% | +23.1% | -0.5% | +80.0% | +203.7% | -51.6% | |
| ROIC | 13.2% | 2.0% | 2.4% | 2.1% | 3.7% | 3.8% | 3.3% | 2.2% | 2.2% | 3.5% | 3.5% | 1.0% | 2.2% |
| — | -47.0% | -27.0% | -3.4% | +68.5% | +8.3% | -4.5% | +116.1% | +1.2% | -25.4% | +11.2% | +155.3% | -61.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
ACM Research, Inc.'s Debt/EBITDA ratio is 9.0x, up from 8.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 46.8% YoY to 3.48x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.16 | 0.24 | 0.21 | 0.17 | 0.16 | 0.15 | 0.13 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 |
| — | -4.4% | +59.7% | +62.8% | +61.0% | +65.3% | +55.5% | +23.9% | +9.3% | +3.7% | +143.8% | +114.3% | +103.0% | |
| Debt / EBITDA | 1.17 | 8.99 | 8.20 | 8.24 | 4.03 | 3.78 | 3.80 | 4.37 | 3.89 | 2.48 | 2.48 | 9.22 | 4.43 |
| — | +137.7% | +115.7% | +88.6% | +3.4% | +52.3% | +53.5% | -52.6% | -12.2% | +10.8% | +68.9% | — | +125.2% | |
| Current Ratio | 2.31 | 3.48 | 2.45 | 2.46 | 2.31 | 2.37 | 2.29 | 2.31 | 2.35 | 2.32 | 2.18 | 2.21 | 2.43 |
| — | +46.8% | +7.0% | +6.8% | -1.5% | +2.3% | +4.9% | +4.4% | -3.4% | -17.6% | -38.7% | -40.4% | -47.4% | |
| Quick Ratio | 1.38 | 2.48 | 1.49 | 1.49 | 1.38 | 1.34 | 1.26 | 1.22 | 1.26 | 1.26 | 1.15 | 1.16 | 1.44 |
| — | +85.3% | +17.7% | +22.7% | +9.6% | +6.0% | +9.6% | +5.1% | -12.5% | -32.2% | -52.5% | -55.4% | -59.6% | |
| Interest Coverage | 36.38 | 15.63 | 18.04 | 16.54 | 35.82 | 36.58 | 40.34 | 32.22 | 33.54 | 51.83 | 46.89 | 12.75 | 24.92 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Start ComparisonACM Research, Inc.'s current P/E is 36.4x. The average P/E over the last 4 quarters is 15.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ACM Research, Inc.'s current operating margin is 19.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ACM Research, Inc.'s business trajectory between earnings reports.