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盛美半导体（ACMR）与安道拓（ADNT）财务数据对比。点击上方公司名可切换其他公司
安道拓的季度营收约是盛美半导体的14.9倍（$3.6B vs $244.4M）。盛美半导体净利率更高（3.3% vs -0.6%，领先3.9%）。盛美半导体同比增速更快（9.4% vs 4.3%）。盛美半导体自由现金流更多（$20.1M vs $15.0M）。过去两年盛美半导体的营收复合增速更高（26.7% vs -1.4%）
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。
安道拓是全球规模最大的汽车座椅制造商，注册地位于爱尔兰，运营总部设在美国密歇根州普利茅斯，业务覆盖全球各地，为全球客户提供专业的汽车座椅相关产品及解决方案，在汽车座椅领域拥有领先的市场地位与技术优势。
ACMR vs ADNT — 直观对比
营收规模更大
ADNT
是对方的14.9倍
$244.4M
营收增速更快
ACMR
高出5.1%
4.3%
净利率更高
ACMR
高出3.9%
-0.6%
自由现金流更多
ACMR
多$5.1M
$15.0M
两年增速更快
ACMR
近两年复合增速
-1.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $3.6B |
| 净利润 | $8.0M | $-22.0M |
| 毛利率 | 40.9% | 6.0% |
| 营业利润率 | 9.4% | 1.1% |
| 净利率 | 3.3% | -0.6% |
| 营收同比 | 9.4% | 4.3% |
| 净利润同比 | -74.1% | — |
| 每股收益（稀释后） | $0.11 | $-0.28 |
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ACMRADNT
| Q4 25 | $244.4M | $3.6B | ||
| Q3 25 | $269.2M | $3.7B | ||
| Q2 25 | $215.4M | $3.7B | ||
| Q1 25 | $172.3M | $3.6B | ||
| Q4 24 | $223.5M | $3.5B | ||
| Q3 24 | $204.0M | $3.6B | ||
| Q2 24 | $202.5M | $3.7B | ||
| Q1 24 | $152.2M | $3.8B |
净利润ACMRADNT
| Q4 25 | $8.0M | $-22.0M | ||
| Q3 25 | $35.9M | $18.0M | ||
| Q2 25 | $29.8M | $36.0M | ||
| Q1 25 | $20.4M | $-335.0M | ||
| Q4 24 | $31.1M | $0 | ||
| Q3 24 | $30.9M | $79.0M | ||
| Q2 24 | $24.2M | $-11.0M | ||
| Q1 24 | $17.4M | $-70.0M |
毛利率ACMRADNT
| Q4 25 | 40.9% | 6.0% | ||
| Q3 25 | 42.0% | 6.7% | ||
| Q2 25 | 48.5% | 6.3% | ||
| Q1 25 | 47.9% | 7.2% | ||
| Q4 24 | 49.6% | 6.2% | ||
| Q3 24 | 51.4% | 6.9% | ||
| Q2 24 | 47.8% | 5.6% | ||
| Q1 24 | 52.0% | 6.1% |
营业利润率ACMRADNT
| Q4 25 | 9.4% | 1.1% | ||
| Q3 25 | 10.7% | 1.7% | ||
| Q2 25 | 14.7% | 1.8% | ||
| Q1 25 | 15.0% | -7.3% | ||
| Q4 24 | 19.7% | 1.3% | ||
| Q3 24 | 21.7% | 1.8% | ||
| Q2 24 | 18.6% | 1.2% | ||
| Q1 24 | 16.6% | -1.1% |
净利率ACMRADNT
| Q4 25 | 3.3% | -0.6% | ||
| Q3 25 | 13.3% | 0.5% | ||
| Q2 25 | 13.8% | 1.0% | ||
| Q1 25 | 11.8% | -9.3% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.2% | 2.2% | ||
| Q2 24 | 12.0% | -0.3% | ||
| Q1 24 | 11.5% | -1.9% |
每股收益（稀释后）ACMRADNT
| Q4 25 | $0.11 | $-0.28 | ||
| Q3 25 | $0.52 | $0.17 | ||
| Q2 25 | $0.44 | $0.43 | ||
| Q1 25 | $0.30 | $-3.99 | ||
| Q4 24 | $0.47 | $0.00 | ||
| Q3 24 | $0.45 | $0.88 | ||
| Q2 24 | $0.35 | $-0.12 | ||
| Q1 24 | $0.26 | $-0.77 |
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 | $792.9M | — |
| 总债务越低越好 | $214.0M | $2.4B |
| 股东权益账面价值 | $1.5B | $1.7B |
| 总资产 | $2.9B | $8.8B |
| 负债/权益比越低杠杆越低 | 0.15× | 1.37× |
8季度趋势，按日历期对齐
现金及短期投资ACMRADNT
| Q4 25 | $792.9M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $463.2M | — | ||
| Q1 25 | $475.6M | — | ||
| Q4 24 | $426.8M | — | ||
| Q3 24 | $353.8M | — | ||
| Q2 24 | $343.6M | — | ||
| Q1 24 | $230.0M | — |
总债务ACMRADNT
| Q4 25 | $214.0M | $2.4B | ||
| Q3 25 | $242.0M | $2.4B | ||
| Q2 25 | $225.1M | $2.4B | ||
| Q1 25 | $202.5M | $2.4B | ||
| Q4 24 | $150.0M | $2.4B | ||
| Q3 24 | $150.0M | $2.4B | ||
| Q2 24 | $90.5M | $2.4B | ||
| Q1 24 | $60.0M | $2.4B |
股东权益ACMRADNT
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $986.5M | $1.8B | ||
| Q1 25 | $949.1M | $1.7B | ||
| Q4 24 | $904.6M | $1.9B | ||
| Q3 24 | $888.2M | $2.1B | ||
| Q2 24 | $833.2M | $1.9B | ||
| Q1 24 | $796.2M | $2.1B |
总资产ACMRADNT
| Q4 25 | $2.9B | $8.8B | ||
| Q3 25 | $2.8B | $9.0B | ||
| Q2 25 | $2.0B | $8.8B | ||
| Q1 25 | $1.9B | $8.6B | ||
| Q4 24 | $1.9B | $8.5B | ||
| Q3 24 | $1.8B | $9.4B | ||
| Q2 24 | $1.7B | $9.1B | ||
| Q1 24 | $1.6B | $9.3B |
负债/权益比ACMRADNT
| Q4 25 | 0.15× | 1.37× | ||
| Q3 25 | 0.17× | 1.35× | ||
| Q2 25 | 0.23× | 1.34× | ||
| Q1 25 | 0.21× | 1.44× | ||
| Q4 24 | 0.17× | 1.28× | ||
| Q3 24 | 0.17× | 1.12× | ||
| Q2 24 | 0.11× | 1.24× | ||
| Q1 24 | 0.08× | 1.16× |
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 | $33.9M | $80.0M |
| 自由现金流经营现金流 - 资本支出 | $20.1M | $15.0M |
| 自由现金流率自由现金流/营收 | 8.2% | 0.4% |
| 资本支出强度资本支出/营收 | 5.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 4.21× | — |
| 过去12个月自由现金流最近4个季度 | $-66.6M | $174.0M |
8季度趋势，按日历期对齐
经营现金流ACMRADNT
| Q4 25 | $33.9M | $80.0M | ||
| Q3 25 | $-4.6M | $213.0M | ||
| Q2 25 | $-44.9M | $172.0M | ||
| Q1 25 | $5.3M | $-45.0M | ||
| Q4 24 | $88.6M | $109.0M | ||
| Q3 24 | $11.9M | $263.0M | ||
| Q2 24 | $61.6M | $158.0M | ||
| Q1 24 | $-9.6M | $81.0M |
自由现金流ACMRADNT
| Q4 25 | $20.1M | $15.0M | ||
| Q3 25 | $-15.6M | $134.0M | ||
| Q2 25 | $-59.6M | $115.0M | ||
| Q1 25 | $-11.4M | $-90.0M | ||
| Q4 24 | $77.2M | $45.0M | ||
| Q3 24 | $-20.6M | $191.0M | ||
| Q2 24 | $48.5M | $88.0M | ||
| Q1 24 | $-35.1M | $12.0M |
自由现金流率ACMRADNT
| Q4 25 | 8.2% | 0.4% | ||
| Q3 25 | -5.8% | 3.6% | ||
| Q2 25 | -27.7% | 3.1% | ||
| Q1 25 | -6.6% | -2.5% | ||
| Q4 24 | 34.5% | 1.3% | ||
| Q3 24 | -10.1% | 5.4% | ||
| Q2 24 | 24.0% | 2.4% | ||
| Q1 24 | -23.0% | 0.3% |
资本支出强度ACMRADNT
| Q4 25 | 5.6% | 1.8% | ||
| Q3 25 | 4.1% | 2.1% | ||
| Q2 25 | 6.8% | 1.5% | ||
| Q1 25 | 9.7% | 1.2% | ||
| Q4 24 | 5.1% | 1.8% | ||
| Q3 24 | 16.0% | 2.0% | ||
| Q2 24 | 6.5% | 1.9% | ||
| Q1 24 | 16.7% | 1.8% |
现金转化率ACMRADNT
| Q4 25 | 4.21× | — | ||
| Q3 25 | -0.13× | 11.83× | ||
| Q2 25 | -1.51× | 4.78× | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 0.39× | 3.33× | ||
| Q2 24 | 2.54× | — | ||
| Q1 24 | -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
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% |
ADNT
暂无分部数据
