Stocktoria

ACM Research, Inc. ACMR

Nasdaq · stock · Special Industry Machinery, NEC · website · IPO 2017-11-03 · LEI

ACM Research, Inc. statistics & valuation

Market cap$7.2B
P / E76.8×
P / S8.0×
P / B3.7×
Net margin10.4%
Return on equity4.9%
FCF margin-7.4%
Net cash$543.4M
Net debt / EBITDA-4.3×
Enterprise value USD$6.7B
EV / EBITDA53.1×
Earnings yield EBIT/EV1.6%
Return on capital5.1%
Graham number -63.4%$29.73

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($29.73); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.80% -0.90% 8.80% 17.60% 12.00% 14.50% 10.10% 13.90% 13.20% 10.40% 2016201720182019202020212022202320242025
Gross margin (%)
48.70% 47.20% 46.20% 47.10% 44.40% 44.20% 47.20% 49.50% 50.10% 44.40% 2016201720182019202020212022202320242025
Operating margin (%)
12.80% 1.90% 8.70% 16.50% 13.70% 14.90% 15.20% 17.20% 19.30% 12.10% 2016201720182019202020212022202320242025
Return on equity (%)
41.50% -0.80% 12.60% 19.40% 9.00% 4.70% 4.80% 8.40% 9.50% 4.90% 2016201720182019202020212022202320242025
Shares outstanding
34.1M 61.8M 53.7M 57.4M 63.6M 65.4M 65.3M 64.9M 66.2M 67.3M 2016201720182019202020212022202320242025
Net debt ($)
-$58.3M -$52.2M -$537.2M -$226.9M -$121.4M -$257.4M -$543.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.30% -0.50% 6.40% 8.70% 5.50% 3.60% 3.20% 5.20% 5.60% 3.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-16.40% -24.00% 6.80% 7.80% -12.00% -19.00% -39.40% -24.60% 8.90% -7.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.09× 0.03× 0.03× 0.07× 0.14× 0.11× 2016201720182019202020212022202320242025
EPS ($)
$0.02 -$0.01 $0.12 $0.33 $0.30 $0.58 $0.59 $1.16 $1.53 $1.37 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ACM Research, Inc. trades at about 59.3× earnings — above its 10-year norm (10-year range 13.4×–100×, median 35.1×).

13.4× 100×

Shaded band = 10-year range (13.4×–100×); dot = today's 59.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin44.4%50.1%49.5%47.2%44.2%44.4%47.1%46.2%47.2%48.7%
Operating margin12.1%19.3%17.2%15.2%14.9%13.7%16.5%8.7%1.9%12.8%
Net margin10.4%13.2%13.9%10.1%14.5%12.0%17.6%8.8%-0.9%3.8%
FCF margin-7.4%8.9%-24.6%-39.4%-19.0%-12.0%7.8%6.8%-24.0%-16.4%
Return on assets3.3%5.6%5.2%3.2%3.6%5.5%8.7%6.4%-0.5%2.3%
Return on equity4.9%9.5%8.4%4.8%4.7%9.0%19.4%12.6%-0.8%41.5%
Debt / equity0.11×0.14×0.07×0.03×0.03×0.09×0.00×———
Current ratio3.272.312.352.434.632.533.712.082.882.36

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.