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盛美半导体（ACMR）与COMPASS MINERALS INTERNATIONAL INC（CMP）财务数据对比。点击上方公司名可切换其他公司
COMPASS MINERALS INTERNATIONAL INC的季度营收约是盛美半导体的1.6倍（$396.1M vs $244.4M），COMPASS MINERALS INTERNATIONAL INC净利率更高（4.7% vs 3.3%，领先1.4%），COMPASS MINERALS INTERNATIONAL INC同比增速更快（28.9% vs 9.4%），盛美半导体自由现金流更多（$20.1M vs $-59.8M），过去两年盛美半导体的营收复合增速更高（26.7% vs 4.3%）
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。
指南针矿产国际是一家美国上市矿产企业，总部位于堪萨斯州欧弗兰帕克，是盐、氯化镁和硫酸钾等产品的领先生产商。公司面向北美和英国客户供应经处理与未经处理的散装道路除冰盐，同时向全球种植者提供植物营养产品，此外也生产民用除冰、水质调节产品及相关商用产品。
ACMR vs CMP — 直观对比
营收规模更大
CMP
是对方的1.6倍
$244.4M
营收增速更快
CMP
高出19.6%
9.4%
净利率更高
CMP
高出1.4%
3.3%
自由现金流更多
ACMR
多$79.9M
$-59.8M
两年增速更快
ACMR
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $396.1M |
| 净利润 | $8.0M | $18.6M |
| 毛利率 | 40.9% | 16.0% |
| 营业利润率 | 9.4% | 9.2% |
| 净利率 | 3.3% | 4.7% |
| 营收同比 | 9.4% | 28.9% |
| 净利润同比 | -74.1% | 178.8% |
| 每股收益（稀释后） | $0.11 | $0.43 |
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ACMRCMP
| Q4 25 | $244.4M | $396.1M | ||
| Q3 25 | $269.2M | $227.5M | ||
| Q2 25 | $215.4M | $214.6M | ||
| Q1 25 | $172.3M | $494.6M | ||
| Q4 24 | $223.5M | $307.2M | ||
| Q3 24 | $204.0M | $208.8M | ||
| Q2 24 | $202.5M | $202.9M | ||
| Q1 24 | $152.2M | $364.0M |
净利润ACMRCMP
| Q4 25 | $8.0M | $18.6M | ||
| Q3 25 | $35.9M | $-7.2M | ||
| Q2 25 | $29.8M | $-17.0M | ||
| Q1 25 | $20.4M | $-32.0M | ||
| Q4 24 | $31.1M | $-23.6M | ||
| Q3 24 | $30.9M | $-48.3M | ||
| Q2 24 | $24.2M | $-43.6M | ||
| Q1 24 | $17.4M | $-38.9M |
毛利率ACMRCMP
| Q4 25 | 40.9% | 16.0% | ||
| Q3 25 | 42.0% | 16.9% | ||
| Q2 25 | 48.5% | 19.2% | ||
| Q1 25 | 47.9% | 15.5% | ||
| Q4 24 | 49.6% | 11.2% | ||
| Q3 24 | 51.4% | 9.3% | ||
| Q2 24 | 47.8% | 16.1% | ||
| Q1 24 | 52.0% | 19.7% |
营业利润率ACMRCMP
| Q4 25 | 9.4% | 9.2% | ||
| Q3 25 | 10.7% | 5.3% | ||
| Q2 25 | 14.7% | 7.4% | ||
| Q1 25 | 15.0% | -0.6% | ||
| Q4 24 | 19.7% | 0.2% | ||
| Q3 24 | 21.7% | -14.3% | ||
| Q2 24 | 18.6% | 2.9% | ||
| Q1 24 | 16.6% | -10.8% |
净利率ACMRCMP
| Q4 25 | 3.3% | 4.7% | ||
| Q3 25 | 13.3% | -3.2% | ||
| Q2 25 | 13.8% | -7.9% | ||
| Q1 25 | 11.8% | -6.5% | ||
| Q4 24 | 13.9% | -7.7% | ||
| Q3 24 | 15.2% | -23.1% | ||
| Q2 24 | 12.0% | -21.5% | ||
| Q1 24 | 11.5% | -10.7% |
每股收益（稀释后）ACMRCMP
| Q4 25 | $0.11 | $0.43 | ||
| Q3 25 | $0.52 | — | ||
| Q2 25 | $0.44 | $-0.41 | ||
| Q1 25 | $0.30 | $-0.77 | ||
| Q4 24 | $0.47 | $-0.57 | ||
| Q3 24 | $0.45 | $-1.17 | ||
| Q2 24 | $0.35 | $-1.05 | ||
| Q1 24 | $0.26 | $-0.94 |
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 | $46.7M |
| 总债务越低越好 | $214.0M | $890.0M |
| 股东权益账面价值 | $1.5B | $260.5M |
| 总资产 | $2.9B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.15× | 3.42× |
8季度趋势，按日历期对齐
现金及短期投资ACMRCMP
| Q4 25 | $792.9M | $46.7M | ||
| Q3 25 | $1.1B | $59.7M | ||
| Q2 25 | $463.2M | $79.4M | ||
| Q1 25 | $475.6M | $49.5M | ||
| Q4 24 | $426.8M | $45.8M | ||
| Q3 24 | $353.8M | $20.2M | ||
| Q2 24 | $343.6M | $12.8M | ||
| Q1 24 | $230.0M | $38.3M |
总债务ACMRCMP
| Q4 25 | $214.0M | $890.0M | ||
| Q3 25 | $242.0M | $839.8M | ||
| Q2 25 | $225.1M | $833.4M | ||
| Q1 25 | $202.5M | $807.6M | ||
| Q4 24 | $150.0M | $974.4M | ||
| Q3 24 | $150.0M | $921.2M | ||
| Q2 24 | $90.5M | $875.1M | ||
| Q1 24 | $60.0M | $877.2M |
股东权益ACMRCMP
| Q4 25 | $1.5B | $260.5M | ||
| Q3 25 | $1.4B | $234.1M | ||
| Q2 25 | $986.5M | $249.8M | ||
| Q1 25 | $949.1M | $236.5M | ||
| Q4 24 | $904.6M | $263.0M | ||
| Q3 24 | $888.2M | $316.6M | ||
| Q2 24 | $833.2M | $352.1M | ||
| Q1 24 | $796.2M | $400.4M |
总资产ACMRCMP
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.8B | $1.5B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.7B |
负债/权益比ACMRCMP
| Q4 25 | 0.15× | 3.42× | ||
| Q3 25 | 0.17× | 3.59× | ||
| Q2 25 | 0.23× | 3.34× | ||
| Q1 25 | 0.21× | 3.41× | ||
| Q4 24 | 0.17× | 3.70× | ||
| Q3 24 | 0.17× | 2.91× | ||
| Q2 24 | 0.11× | 2.49× | ||
| Q1 24 | 0.08× | 2.19× |
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 | $-37.0M |
| 自由现金流经营现金流 - 资本支出 | $20.1M | $-59.8M |
| 自由现金流率自由现金流/营收 | 8.2% | -15.1% |
| 资本支出强度资本支出/营收 | 5.6% | 5.8% |
| 现金转化率经营现金流/净利润 | 4.21× | -1.99× |
| 过去12个月自由现金流最近4个季度 | $-66.6M | $94.1M |
8季度趋势，按日历期对齐
经营现金流ACMRCMP
| Q4 25 | $33.9M | $-37.0M | ||
| Q3 25 | $-4.6M | $-6.9M | ||
| Q2 25 | $-44.9M | $21.8M | ||
| Q1 25 | $5.3M | $186.9M | ||
| Q4 24 | $88.6M | $-4.1M | ||
| Q3 24 | $11.9M | $-12.7M | ||
| Q2 24 | $61.6M | $-6.8M | ||
| Q1 24 | $-9.6M | $86.2M |
自由现金流ACMRCMP
| Q4 25 | $20.1M | $-59.8M | ||
| Q3 25 | $-15.6M | $-22.8M | ||
| Q2 25 | $-59.6M | $3.8M | ||
| Q1 25 | $-11.4M | $172.9M | ||
| Q4 24 | $77.2M | $-25.9M | ||
| Q3 24 | $-20.6M | $-33.6M | ||
| Q2 24 | $48.5M | $-21.5M | ||
| Q1 24 | $-35.1M | $56.2M |
自由现金流率ACMRCMP
| Q4 25 | 8.2% | -15.1% | ||
| Q3 25 | -5.8% | -10.0% | ||
| Q2 25 | -27.7% | 1.8% | ||
| Q1 25 | -6.6% | 35.0% | ||
| Q4 24 | 34.5% | -8.4% | ||
| Q3 24 | -10.1% | -16.1% | ||
| Q2 24 | 24.0% | -10.6% | ||
| Q1 24 | -23.0% | 15.4% |
资本支出强度ACMRCMP
| Q4 25 | 5.6% | 5.8% | ||
| Q3 25 | 4.1% | 7.0% | ||
| Q2 25 | 6.8% | 8.4% | ||
| Q1 25 | 9.7% | 2.8% | ||
| Q4 24 | 5.1% | 7.1% | ||
| Q3 24 | 16.0% | 10.0% | ||
| Q2 24 | 6.5% | 7.2% | ||
| Q1 24 | 16.7% | 8.2% |
现金转化率ACMRCMP
| Q4 25 | 4.21× | -1.99× | ||
| Q3 25 | -0.13× | — | ||
| Q2 25 | -1.51× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 0.39× | — | ||
| 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% |
CMP
| Highway Deicing Salt | $210.8M | 53% |
| Consumer Industrial Salt | $120.7M | 30% |
| Plant Nutrition | $60.8M | 15% |
| Transferred Over Time | $2.8M | 1% |
| Other | $1.0M | 0% |
