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盛美半导体（ACMR）与LiveRamp Holdings, Inc.（RAMP）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LiveRamp Holdings, Inc.的1.2倍（$244.4M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs 3.3%，领先15.5%），盛美半导体同比增速更快（9.4% vs 8.6%），过去两年盛美半导体的营收复合增速更高（26.7% vs 11.1%）
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。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
ACMR vs RAMP — 直观对比
营收规模更大
ACMR
是对方的1.2倍
$212.2M
营收增速更快
ACMR
高出0.8%
8.6%
净利率更高
RAMP
高出15.5%
3.3%
两年增速更快
ACMR
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $212.2M |
| 净利润 | $8.0M | $39.9M |
| 毛利率 | 40.9% | 71.9% |
| 营业利润率 | 9.4% | 18.6% |
| 净利率 | 3.3% | 18.8% |
| 营收同比 | 9.4% | 8.6% |
| 净利润同比 | -74.1% | 255.7% |
| 每股收益（稀释后） | $0.11 | $0.62 |
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ACMRRAMP
| Q4 25 | $244.4M | $212.2M | ||
| Q3 25 | $269.2M | $199.8M | ||
| Q2 25 | $215.4M | $194.8M | ||
| Q1 25 | $172.3M | $188.7M | ||
| Q4 24 | $223.5M | $195.4M | ||
| Q3 24 | $204.0M | $185.5M | ||
| Q2 24 | $202.5M | $176.0M | ||
| Q1 24 | $152.2M | $171.9M |
净利润ACMRRAMP
| Q4 25 | $8.0M | $39.9M | ||
| Q3 25 | $35.9M | $27.4M | ||
| Q2 25 | $29.8M | $7.7M | ||
| Q1 25 | $20.4M | $-6.3M | ||
| Q4 24 | $31.1M | $11.2M | ||
| Q3 24 | $30.9M | $1.7M | ||
| Q2 24 | $24.2M | $-7.5M | ||
| Q1 24 | $17.4M | $-5.4M |
毛利率ACMRRAMP
| Q4 25 | 40.9% | 71.9% | ||
| Q3 25 | 42.0% | 70.2% | ||
| Q2 25 | 48.5% | 70.1% | ||
| Q1 25 | 47.9% | 69.3% | ||
| Q4 24 | 49.6% | 71.9% | ||
| Q3 24 | 51.4% | 72.4% | ||
| Q2 24 | 47.8% | 70.6% | ||
| Q1 24 | 52.0% | 72.2% |
营业利润率ACMRRAMP
| Q4 25 | 9.4% | 18.6% | ||
| Q3 25 | 10.7% | 10.7% | ||
| Q2 25 | 14.7% | 3.7% | ||
| Q1 25 | 15.0% | -6.1% | ||
| Q4 24 | 19.7% | 7.5% | ||
| Q3 24 | 21.7% | 4.0% | ||
| Q2 24 | 18.6% | -3.0% | ||
| Q1 24 | 16.6% | -8.3% |
净利率ACMRRAMP
| Q4 25 | 3.3% | 18.8% | ||
| Q3 25 | 13.3% | 13.7% | ||
| Q2 25 | 13.8% | 4.0% | ||
| Q1 25 | 11.8% | -3.3% | ||
| Q4 24 | 13.9% | 5.7% | ||
| Q3 24 | 15.2% | 0.9% | ||
| Q2 24 | 12.0% | -4.3% | ||
| Q1 24 | 11.5% | -3.1% |
每股收益（稀释后）ACMRRAMP
| Q4 25 | $0.11 | $0.62 | ||
| Q3 25 | $0.52 | $0.42 | ||
| Q2 25 | $0.44 | $0.12 | ||
| Q1 25 | $0.30 | $-0.10 | ||
| Q4 24 | $0.47 | $0.17 | ||
| Q3 24 | $0.45 | $0.03 | ||
| Q2 24 | $0.35 | $-0.11 | ||
| Q1 24 | $0.26 | $-0.09 |
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 | $403.4M |
| 总债务越低越好 | $214.0M | — |
| 股东权益账面价值 | $1.5B | $962.3M |
| 总资产 | $2.9B | $1.3B |
| 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ACMRRAMP
| Q4 25 | $792.9M | $403.4M | ||
| Q3 25 | $1.1B | $376.9M | ||
| Q2 25 | $463.2M | $371.1M | ||
| Q1 25 | $475.6M | $420.8M | ||
| Q4 24 | $426.8M | $384.3M | ||
| Q3 24 | $353.8M | $348.4M | ||
| Q2 24 | $343.6M | $342.7M | ||
| Q1 24 | $230.0M | $368.9M |
总债务ACMRRAMP
| Q4 25 | $214.0M | — | ||
| Q3 25 | $242.0M | — | ||
| Q2 25 | $225.1M | — | ||
| Q1 25 | $202.5M | — | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $150.0M | — | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $60.0M | — |
股东权益ACMRRAMP
| Q4 25 | $1.5B | $962.3M | ||
| Q3 25 | $1.4B | $943.8M | ||
| Q2 25 | $986.5M | $947.8M | ||
| Q1 25 | $949.1M | $948.9M | ||
| Q4 24 | $904.6M | $957.7M | ||
| Q3 24 | $888.2M | $932.1M | ||
| Q2 24 | $833.2M | $951.9M | ||
| Q1 24 | $796.2M | $949.1M |
总资产ACMRRAMP
| Q4 25 | $2.9B | $1.3B | ||
| Q3 25 | $2.8B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
负债/权益比ACMRRAMP
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.17× | — | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $20.1M | — |
| 自由现金流率自由现金流/营收 | 8.2% | — |
| 资本支出强度资本支出/营收 | 5.6% | 0.1% |
| 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ACMRRAMP
| Q4 25 | $33.9M | — | ||
| Q3 25 | $-4.6M | $57.4M | ||
| Q2 25 | $-44.9M | $-15.8M | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $88.6M | $45.1M | ||
| Q3 24 | $11.9M | $55.6M | ||
| Q2 24 | $61.6M | $-9.3M | ||
| Q1 24 | $-9.6M | — |
自由现金流ACMRRAMP
| Q4 25 | $20.1M | — | ||
| Q3 25 | $-15.6M | $56.8M | ||
| Q2 25 | $-59.6M | $-16.2M | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $77.2M | $44.8M | ||
| Q3 24 | $-20.6M | $55.4M | ||
| Q2 24 | $48.5M | $-9.6M | ||
| Q1 24 | $-35.1M | — |
自由现金流率ACMRRAMP
| Q4 25 | 8.2% | — | ||
| Q3 25 | -5.8% | 28.4% | ||
| Q2 25 | -27.7% | -8.3% | ||
| Q1 25 | -6.6% | — | ||
| Q4 24 | 34.5% | 22.9% | ||
| Q3 24 | -10.1% | 29.8% | ||
| Q2 24 | 24.0% | -5.4% | ||
| Q1 24 | -23.0% | — |
资本支出强度ACMRRAMP
| Q4 25 | 5.6% | 0.1% | ||
| Q3 25 | 4.1% | 0.3% | ||
| Q2 25 | 6.8% | 0.2% | ||
| Q1 25 | 9.7% | 0.2% | ||
| Q4 24 | 5.1% | 0.1% | ||
| Q3 24 | 16.0% | 0.1% | ||
| Q2 24 | 6.5% | 0.1% | ||
| Q1 24 | 16.7% | 1.0% |
现金转化率ACMRRAMP
| Q4 25 | 4.21× | — | ||
| Q3 25 | -0.13× | 2.09× | ||
| Q2 25 | -1.51× | -2.04× | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 2.85× | 4.02× | ||
| Q3 24 | 0.39× | 32.10× | ||
| 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% |
RAMP
暂无分部数据
