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Arcosa, Inc.（ACA）与盛美半导体（ACMR）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是盛美半导体的2.9倍（$716.7M vs $244.4M）。Arcosa, Inc.净利率更高（7.3% vs 3.3%，领先4.0%）。盛美半导体同比增速更快（9.4% vs 7.6%）。Arcosa, Inc.自由现金流更多（$55.8M vs $20.1M）。过去两年盛美半导体的营收复合增速更高（26.7% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
盛美半导体（ACM Research, Inc.）是全球领先的半导体制造设备供应商，专注于研发、生产及销售晶圆湿法处理相关设备，覆盖清洗、电镀、刻蚀等品类，产品广泛应用于逻辑、存储、功率等各类先进芯片的生产流程，服务全球多地区芯片制造企业。
ACA vs ACMR — 直观对比
营收规模更大
ACA
是对方的2.9倍
$244.4M
营收增速更快
ACMR
高出1.8%
7.6%
净利率更高
ACA
高出4.0%
3.3%
自由现金流更多
ACA
多$35.7M
$20.1M
两年增速更快
ACMR
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $244.4M |
| 净利润 | $52.1M | $8.0M |
| 毛利率 | 22.9% | 40.9% |
| 营业利润率 | 11.0% | 9.4% |
| 净利率 | 7.3% | 3.3% |
| 营收同比 | 7.6% | 9.4% |
| 净利润同比 | 776.6% | -74.1% |
| 每股收益（稀释后） | $1.06 | $0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACAACMR
| Q4 25 | $716.7M | $244.4M | ||
| Q3 25 | $797.8M | $269.2M | ||
| Q2 25 | $736.9M | $215.4M | ||
| Q1 25 | $632.0M | $172.3M | ||
| Q4 24 | $666.2M | $223.5M | ||
| Q3 24 | $640.4M | $204.0M | ||
| Q2 24 | $664.7M | $202.5M | ||
| Q1 24 | $598.6M | $152.2M |
净利润ACAACMR
| Q4 25 | $52.1M | $8.0M | ||
| Q3 25 | $73.0M | $35.9M | ||
| Q2 25 | $59.7M | $29.8M | ||
| Q1 25 | $23.6M | $20.4M | ||
| Q4 24 | $-7.7M | $31.1M | ||
| Q3 24 | $16.6M | $30.9M | ||
| Q2 24 | $45.6M | $24.2M | ||
| Q1 24 | $39.2M | $17.4M |
毛利率ACAACMR
| Q4 25 | 22.9% | 40.9% | ||
| Q3 25 | 24.1% | 42.0% | ||
| Q2 25 | 22.5% | 48.5% | ||
| Q1 25 | 19.8% | 47.9% | ||
| Q4 24 | 19.3% | 49.6% | ||
| Q3 24 | 21.3% | 51.4% | ||
| Q2 24 | 20.8% | 47.8% | ||
| Q1 24 | 18.6% | 52.0% |
营业利润率ACAACMR
| Q4 25 | 11.0% | 9.4% | ||
| Q3 25 | 14.1% | 10.7% | ||
| Q2 25 | 12.9% | 14.7% | ||
| Q1 25 | 8.8% | 15.0% | ||
| Q4 24 | 6.5% | 19.7% | ||
| Q3 24 | 5.3% | 21.7% | ||
| Q2 24 | 10.1% | 18.6% | ||
| Q1 24 | 8.9% | 16.6% |
净利率ACAACMR
| Q4 25 | 7.3% | 3.3% | ||
| Q3 25 | 9.2% | 13.3% | ||
| Q2 25 | 8.1% | 13.8% | ||
| Q1 25 | 3.7% | 11.8% | ||
| Q4 24 | -1.2% | 13.9% | ||
| Q3 24 | 2.6% | 15.2% | ||
| Q2 24 | 6.9% | 12.0% | ||
| Q1 24 | 6.5% | 11.5% |
每股收益（稀释后）ACAACMR
| Q4 25 | $1.06 | $0.11 | ||
| Q3 25 | $1.48 | $0.52 | ||
| Q2 25 | $1.22 | $0.44 | ||
| Q1 25 | $0.48 | $0.30 | ||
| Q4 24 | $-0.16 | $0.47 | ||
| Q3 24 | $0.34 | $0.45 | ||
| Q2 24 | $0.93 | $0.35 | ||
| Q1 24 | $0.80 | $0.26 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $214.6M | $792.9M |
| 总债务越低越好 | $1.5B | $214.0M |
| 股东权益账面价值 | $2.6B | $1.5B |
| 总资产 | $5.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资ACAACMR
| Q4 25 | $214.6M | $792.9M | ||
| Q3 25 | $220.0M | $1.1B | ||
| Q2 25 | $189.7M | $463.2M | ||
| Q1 25 | $167.9M | $475.6M | ||
| Q4 24 | $187.3M | $426.8M | ||
| Q3 24 | $756.8M | $353.8M | ||
| Q2 24 | $103.7M | $343.6M | ||
| Q1 24 | $176.5M | $230.0M |
总债务ACAACMR
| Q4 25 | $1.5B | $214.0M | ||
| Q3 25 | $1.6B | $242.0M | ||
| Q2 25 | $1.7B | $225.1M | ||
| Q1 25 | $1.7B | $202.5M | ||
| Q4 24 | $1.7B | $150.0M | ||
| Q3 24 | $1.2B | $150.0M | ||
| Q2 24 | $699.9M | $90.5M | ||
| Q1 24 | $600.6M | $60.0M |
股东权益ACAACMR
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.5B | $986.5M | ||
| Q1 25 | $2.5B | $949.1M | ||
| Q4 24 | $2.4B | $904.6M | ||
| Q3 24 | $2.4B | $888.2M | ||
| Q2 24 | $2.4B | $833.2M | ||
| Q1 24 | $2.4B | $796.2M |
总资产ACAACMR
| Q4 25 | $5.0B | $2.9B | ||
| Q3 25 | $5.1B | $2.8B | ||
| Q2 25 | $5.0B | $2.0B | ||
| Q1 25 | $4.9B | $1.9B | ||
| Q4 24 | $4.9B | $1.9B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $3.8B | $1.7B | ||
| Q1 24 | $3.7B | $1.6B |
负债/权益比ACAACMR
| Q4 25 | 0.57× | 0.15× | ||
| Q3 25 | 0.61× | 0.17× | ||
| Q2 25 | 0.67× | 0.23× | ||
| Q1 25 | 0.68× | 0.21× | ||
| Q4 24 | 0.69× | 0.17× | ||
| Q3 24 | 0.51× | 0.17× | ||
| Q2 24 | 0.29× | 0.11× | ||
| Q1 24 | 0.25× | 0.08× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $120.0M | $33.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $20.1M |
| 自由现金流率自由现金流/营收 | 7.8% | 8.2% |
| 资本支出强度资本支出/营收 | 9.0% | 5.6% |
| 现金转化率经营现金流/净利润 | 2.30× | 4.21× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $-66.6M |
8季度趋势，按日历期对齐
经营现金流ACAACMR
| Q4 25 | $120.0M | $33.9M | ||
| Q3 25 | $160.6M | $-4.6M | ||
| Q2 25 | $61.2M | $-44.9M | ||
| Q1 25 | $-700.0K | $5.3M | ||
| Q4 24 | $248.2M | $88.6M | ||
| Q3 24 | $135.0M | $11.9M | ||
| Q2 24 | $38.3M | $61.6M | ||
| Q1 24 | $80.5M | $-9.6M |
自由现金流ACAACMR
| Q4 25 | $55.8M | $20.1M | ||
| Q3 25 | $121.0M | $-15.6M | ||
| Q2 25 | $33.4M | $-59.6M | ||
| Q1 25 | $-34.7M | $-11.4M | ||
| Q4 24 | $194.9M | $77.2M | ||
| Q3 24 | $100.6M | $-20.6M | ||
| Q2 24 | $-9.3M | $48.5M | ||
| Q1 24 | $26.1M | $-35.1M |
自由现金流率ACAACMR
| Q4 25 | 7.8% | 8.2% | ||
| Q3 25 | 15.2% | -5.8% | ||
| Q2 25 | 4.5% | -27.7% | ||
| Q1 25 | -5.5% | -6.6% | ||
| Q4 24 | 29.3% | 34.5% | ||
| Q3 24 | 15.7% | -10.1% | ||
| Q2 24 | -1.4% | 24.0% | ||
| Q1 24 | 4.4% | -23.0% |
资本支出强度ACAACMR
| Q4 25 | 9.0% | 5.6% | ||
| Q3 25 | 5.0% | 4.1% | ||
| Q2 25 | 3.8% | 6.8% | ||
| Q1 25 | 5.4% | 9.7% | ||
| Q4 24 | 8.0% | 5.1% | ||
| Q3 24 | 5.4% | 16.0% | ||
| Q2 24 | 7.2% | 6.5% | ||
| Q1 24 | 9.1% | 16.7% |
现金转化率ACAACMR
| Q4 25 | 2.30× | 4.21× | ||
| Q3 25 | 2.20× | -0.13× | ||
| Q2 25 | 1.03× | -1.51× | ||
| Q1 25 | -0.03× | 0.26× | ||
| Q4 24 | — | 2.85× | ||
| Q3 24 | 8.13× | 0.39× | ||
| Q2 24 | 0.84× | 2.54× | ||
| Q1 24 | 2.05× | -0.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
ACMR
| Total Single Wafer And Semi Critical Cleaning Equipment | $159.9M | 65% |
| ECP Front End And Packaging Furnace And Other Technologies | $64.1M | 26% |
| Advanced Packaging Exclude ECP Services Spares | $20.5M | 8% |
