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盛美半导体（ACMR）与CVD EQUIPMENT CORP（CVV）财务数据对比。点击上方公司名可切换其他公司
盛美半导体的季度营收约是CVD EQUIPMENT CORP的49.4倍（$244.4M vs $5.0M）。盛美半导体净利率更高（3.3% vs -25.6%，领先28.9%）。盛美半导体同比增速更快（9.4% vs -33.2%）。盛美半导体自由现金流更多（$20.1M vs $396.0K）。过去两年盛美半导体的营收复合增速更高（26.7% vs 0.3%）
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。
CVD Equipment Corp是一家专业设计、生产和供应定制化化学气相沉积系统、热处理设备及相关过程控制解决方案的企业，产品服务于半导体制造、可再生能源、航空航天、先进材料研发等领域，客户覆盖全球商用及科研机构。
ACMR vs CVV — 直观对比
营收规模更大
ACMR
是对方的49.4倍
$5.0M
营收增速更快
ACMR
高出42.6%
-33.2%
净利率更高
ACMR
高出28.9%
-25.6%
自由现金流更多
ACMR
多$19.7M
$396.0K
两年增速更快
ACMR
近两年复合增速
0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $5.0M |
| 净利润 | $8.0M | $-1.3M |
| 毛利率 | 40.9% | 22.2% |
| 营业利润率 | 9.4% | -27.2% |
| 净利率 | 3.3% | -25.6% |
| 营收同比 | 9.4% | -33.2% |
| 净利润同比 | -74.1% | -1060.6% |
| 每股收益（稀释后） | $0.11 | $-0.19 |
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ACMRCVV
| Q4 25 | $244.4M | $5.0M | ||
| Q3 25 | $269.2M | $7.4M | ||
| Q2 25 | $215.4M | $5.1M | ||
| Q1 25 | $172.3M | $8.3M | ||
| Q4 24 | $223.5M | $7.4M | ||
| Q3 24 | $204.0M | $8.2M | ||
| Q2 24 | $202.5M | $6.3M | ||
| Q1 24 | $152.2M | $4.9M |
净利润ACMRCVV
| Q4 25 | $8.0M | $-1.3M | ||
| Q3 25 | $35.9M | $384.0K | ||
| Q2 25 | $29.8M | $-1.1M | ||
| Q1 25 | $20.4M | $360.0K | ||
| Q4 24 | $31.1M | $132.0K | ||
| Q3 24 | $30.9M | $203.0K | ||
| Q2 24 | $24.2M | $-761.0K | ||
| Q1 24 | $17.4M | $-1.5M |
毛利率ACMRCVV
| Q4 25 | 40.9% | 22.2% | ||
| Q3 25 | 42.0% | 32.7% | ||
| Q2 25 | 48.5% | 21.0% | ||
| Q1 25 | 47.9% | 32.4% | ||
| Q4 24 | 49.6% | 26.3% | ||
| Q3 24 | 51.4% | 21.5% | ||
| Q2 24 | 47.8% | 24.3% | ||
| Q1 24 | 52.0% | 16.2% |
营业利润率ACMRCVV
| Q4 25 | 9.4% | -27.2% | ||
| Q3 25 | 10.7% | 4.2% | ||
| Q2 25 | 14.7% | -22.3% | ||
| Q1 25 | 15.0% | 3.2% | ||
| Q4 24 | 19.7% | 0.4% | ||
| Q3 24 | 21.7% | 0.9% | ||
| Q2 24 | 18.6% | -14.2% | ||
| Q1 24 | 16.6% | -33.0% |
净利率ACMRCVV
| Q4 25 | 3.3% | -25.6% | ||
| Q3 25 | 13.3% | 5.2% | ||
| Q2 25 | 13.8% | -20.8% | ||
| Q1 25 | 11.8% | 4.3% | ||
| Q4 24 | 13.9% | 1.8% | ||
| Q3 24 | 15.2% | 2.5% | ||
| Q2 24 | 12.0% | -12.0% | ||
| Q1 24 | 11.5% | -29.9% |
每股收益（稀释后）ACMRCVV
| Q4 25 | $0.11 | $-0.19 | ||
| Q3 25 | $0.52 | $0.06 | ||
| Q2 25 | $0.44 | $-0.15 | ||
| Q1 25 | $0.30 | $0.05 | ||
| Q4 24 | $0.47 | $0.02 | ||
| Q3 24 | $0.45 | $0.03 | ||
| Q2 24 | $0.35 | $-0.11 | ||
| Q1 24 | $0.26 | $-0.22 |
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 | $8.7M |
| 总债务越低越好 | $214.0M | — |
| 股东权益账面价值 | $1.5B | $24.7M |
| 总资产 | $2.9B | $27.5M |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资ACMRCVV
| Q4 25 | $792.9M | $8.7M | ||
| Q3 25 | $1.1B | $8.4M | ||
| Q2 25 | $463.2M | $7.0M | ||
| Q1 25 | $475.6M | $10.2M | ||
| Q4 24 | $426.8M | $12.6M | ||
| Q3 24 | $353.8M | $10.0M | ||
| Q2 24 | $343.6M | $10.0M | ||
| Q1 24 | $230.0M | $11.9M |
总债务ACMRCVV
| Q4 25 | $214.0M | — | ||
| Q3 25 | $242.0M | — | ||
| Q2 25 | $225.1M | — | ||
| Q1 25 | $202.5M | — | ||
| Q4 24 | $150.0M | $268.0K | ||
| Q3 24 | $150.0M | — | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $60.0M | — |
股东权益ACMRCVV
| Q4 25 | $1.5B | $24.7M | ||
| Q3 25 | $1.4B | $25.8M | ||
| Q2 25 | $986.5M | $25.2M | ||
| Q1 25 | $949.1M | $26.0M | ||
| Q4 24 | $904.6M | $25.4M | ||
| Q3 24 | $888.2M | $25.0M | ||
| Q2 24 | $833.2M | $24.5M | ||
| Q1 24 | $796.2M | $25.0M |
总资产ACMRCVV
| Q4 25 | $2.9B | $27.5M | ||
| Q3 25 | $2.8B | $29.8M | ||
| Q2 25 | $2.0B | $29.9M | ||
| Q1 25 | $1.9B | $31.1M | ||
| Q4 24 | $1.9B | $31.7M | ||
| Q3 24 | $1.8B | $31.8M | ||
| Q2 24 | $1.7B | $33.8M | ||
| Q1 24 | $1.6B | $35.4M |
负债/权益比ACMRCVV
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.17× | 0.01× | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.11× | — | ||
| Q1 24 | 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 | $33.9M | $397.0K |
| 自由现金流经营现金流 - 资本支出 | $20.1M | $396.0K |
| 自由现金流率自由现金流/营收 | 8.2% | 8.0% |
| 资本支出强度资本支出/营收 | 5.6% | 0.0% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ACMRCVV
| Q4 25 | $33.9M | $397.0K | ||
| Q3 25 | $-4.6M | $1.4M | ||
| Q2 25 | $-44.9M | $-3.2M | ||
| Q1 25 | $5.3M | $-2.3M | ||
| Q4 24 | $88.6M | $2.3M | ||
| Q3 24 | $11.9M | $32.0K | ||
| Q2 24 | $61.6M | $-1.7M | ||
| Q1 24 | $-9.6M | $-2.0M |
自由现金流ACMRCVV
| Q4 25 | $20.1M | $396.0K | ||
| Q3 25 | $-15.6M | — | ||
| Q2 25 | $-59.6M | $-3.2M | ||
| Q1 25 | $-11.4M | $-2.3M | ||
| Q4 24 | $77.2M | $2.1M | ||
| Q3 24 | $-20.6M | $-5.0K | ||
| Q2 24 | $48.5M | $-1.8M | ||
| Q1 24 | $-35.1M | $-2.1M |
自由现金流率ACMRCVV
| Q4 25 | 8.2% | 8.0% | ||
| Q3 25 | -5.8% | — | ||
| Q2 25 | -27.7% | -62.1% | ||
| Q1 25 | -6.6% | -27.7% | ||
| Q4 24 | 34.5% | 28.8% | ||
| Q3 24 | -10.1% | -0.1% | ||
| Q2 24 | 24.0% | -29.0% | ||
| Q1 24 | -23.0% | -42.9% |
资本支出强度ACMRCVV
| Q4 25 | 5.6% | 0.0% | ||
| Q3 25 | 4.1% | 0.0% | ||
| Q2 25 | 6.8% | 0.1% | ||
| Q1 25 | 9.7% | 0.5% | ||
| Q4 24 | 5.1% | 1.5% | ||
| Q3 24 | 16.0% | 0.5% | ||
| Q2 24 | 6.5% | 1.8% | ||
| Q1 24 | 16.7% | 1.4% |
现金转化率ACMRCVV
| Q4 25 | 4.21× | — | ||
| Q3 25 | -0.13× | 3.53× | ||
| Q2 25 | -1.51× | — | ||
| Q1 25 | 0.26× | -6.28× | ||
| Q4 24 | 2.85× | 17.05× | ||
| Q3 24 | 0.39× | 0.16× | ||
| 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% |
CVV
| Transferred Over Time | $3.8M | 76% |
| Transferred At Point In Time | $1.2M | 24% |
