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盛美半导体（ACMR）与Resolute Holdings Management, Inc.（RHLD）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Resolute Holdings Management, Inc.的2.0倍（$231.3M vs $117.7M），盛美半导体净利率更高（7.5% vs -1.5%，领先8.9%）
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。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
ACMR vs RHLD — 直观对比
营收规模更大
ACMR
是对方的2.0倍
$117.7M
净利率更高
ACMR
高出8.9%
-1.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $231.3M | $117.7M |
| 净利润 | $17.3M | $-1.7M |
| 毛利率 | 46.4% | 55.7% |
| 营业利润率 | 15.6% | 30.2% |
| 净利率 | 7.5% | -1.5% |
| 营收同比 | 34.2% | — |
| 净利润同比 | -44.7% | — |
| 每股收益（稀释后） | $0.24 | $-0.20 |
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ACMRRHLD
| Q1 26 | $231.3M | — | ||
| Q4 25 | $244.4M | $117.7M | ||
| Q3 25 | $269.2M | $120.9M | ||
| Q2 25 | $215.4M | $119.6M | ||
| Q1 25 | $172.3M | $103.9M | ||
| Q4 24 | $223.5M | — | ||
| Q3 24 | $204.0M | — | ||
| Q2 24 | $202.5M | — |
净利润ACMRRHLD
| Q1 26 | $17.3M | — | ||
| Q4 25 | $8.0M | $-1.7M | ||
| Q3 25 | $35.9M | $-231.0K | ||
| Q2 25 | $29.8M | $-611.0K | ||
| Q1 25 | $20.4M | $-3.4M | ||
| Q4 24 | $31.1M | — | ||
| Q3 24 | $30.9M | — | ||
| Q2 24 | $24.2M | — |
毛利率ACMRRHLD
| Q1 26 | 46.4% | — | ||
| Q4 25 | 40.9% | 55.7% | ||
| Q3 25 | 42.0% | 59.0% | ||
| Q2 25 | 48.5% | 57.5% | ||
| Q1 25 | 47.9% | 52.5% | ||
| Q4 24 | 49.6% | — | ||
| Q3 24 | 51.4% | — | ||
| Q2 24 | 47.8% | — |
营业利润率ACMRRHLD
| Q1 26 | 15.6% | — | ||
| Q4 25 | 9.4% | 30.2% | ||
| Q3 25 | 10.7% | 34.3% | ||
| Q2 25 | 14.7% | 34.0% | ||
| Q1 25 | 15.0% | 24.7% | ||
| Q4 24 | 19.7% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 18.6% | — |
净利率ACMRRHLD
| Q1 26 | 7.5% | — | ||
| Q4 25 | 3.3% | -1.5% | ||
| Q3 25 | 13.3% | -0.2% | ||
| Q2 25 | 13.8% | -0.5% | ||
| Q1 25 | 11.8% | -3.2% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 12.0% | — |
每股收益（稀释后）ACMRRHLD
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.11 | $-0.20 | ||
| Q3 25 | $0.52 | $-0.03 | ||
| Q2 25 | $0.44 | $-0.07 | ||
| Q1 25 | $0.30 | $-0.39 | ||
| Q4 24 | $0.47 | — | ||
| Q3 24 | $0.45 | — | ||
| Q2 24 | $0.35 | — |
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 | $872.3M | $205.5M |
| 总债务越低越好 | $314.8M | $169.8M |
| 股东权益账面价值 | $2.1B | $6.5M |
| 总资产 | $3.1B | $333.4M |
| 负债/权益比越低杠杆越低 | 0.15× | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资ACMRRHLD
| Q1 26 | $872.3M | — | ||
| Q4 25 | $792.9M | $205.5M | ||
| Q3 25 | $1.1B | $148.0M | ||
| Q2 25 | $463.2M | $99.9M | ||
| Q1 25 | $475.6M | $71.0M | ||
| Q4 24 | $426.8M | — | ||
| Q3 24 | $353.8M | — | ||
| Q2 24 | $343.6M | — |
总债务ACMRRHLD
| Q1 26 | $314.8M | — | ||
| Q4 25 | $214.0M | $169.8M | ||
| Q3 25 | $242.0M | $173.4M | ||
| Q2 25 | $225.1M | $177.1M | ||
| Q1 25 | $202.5M | $180.7M | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $150.0M | — | ||
| Q2 24 | $90.5M | — |
股东权益ACMRRHLD
| Q1 26 | $2.1B | — | ||
| Q4 25 | $1.5B | $6.5M | ||
| Q3 25 | $1.4B | $10.8M | ||
| Q2 25 | $986.5M | $9.6M | ||
| Q1 25 | $949.1M | $8.9M | ||
| Q4 24 | $904.6M | — | ||
| Q3 24 | $888.2M | — | ||
| Q2 24 | $833.2M | — |
总资产ACMRRHLD
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $333.4M | ||
| Q3 25 | $2.8B | $293.2M | ||
| Q2 25 | $2.0B | $253.3M | ||
| Q1 25 | $1.9B | $214.3M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
负债/权益比ACMRRHLD
| Q1 26 | 0.15× | — | ||
| Q4 25 | 0.15× | 26.03× | ||
| Q3 25 | 0.17× | 16.01× | ||
| Q2 25 | 0.23× | 18.42× | ||
| Q1 25 | 0.21× | 20.38× | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.11× | — |
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 | — | $196.1M |
| 自由现金流经营现金流 - 资本支出 | — | $189.2M |
| 自由现金流率自由现金流/营收 | — | 160.8% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $313.2M |
8季度趋势，按日历期对齐
经营现金流ACMRRHLD
| Q1 26 | — | — | ||
| Q4 25 | $33.9M | $196.1M | ||
| Q3 25 | $-4.6M | $59.6M | ||
| Q2 25 | $-44.9M | $48.9M | ||
| Q1 25 | $5.3M | $18.4M | ||
| Q4 24 | $88.6M | — | ||
| Q3 24 | $11.9M | — | ||
| Q2 24 | $61.6M | — |
自由现金流ACMRRHLD
| Q1 26 | — | — | ||
| Q4 25 | $20.1M | $189.2M | ||
| Q3 25 | $-15.6M | $58.6M | ||
| Q2 25 | $-59.6M | $47.5M | ||
| Q1 25 | $-11.4M | $17.8M | ||
| Q4 24 | $77.2M | — | ||
| Q3 24 | $-20.6M | — | ||
| Q2 24 | $48.5M | — |
自由现金流率ACMRRHLD
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 160.8% | ||
| Q3 25 | -5.8% | 48.5% | ||
| Q2 25 | -27.7% | 39.7% | ||
| Q1 25 | -6.6% | 17.1% | ||
| Q4 24 | 34.5% | — | ||
| Q3 24 | -10.1% | — | ||
| Q2 24 | 24.0% | — |
资本支出强度ACMRRHLD
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 5.8% | ||
| Q3 25 | 4.1% | 0.8% | ||
| Q2 25 | 6.8% | 1.2% | ||
| Q1 25 | 9.7% | 0.6% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 6.5% | — |
现金转化率ACMRRHLD
| Q1 26 | — | — | ||
| Q4 25 | 4.21× | — | ||
| Q3 25 | -0.13× | — | ||
| Q2 25 | -1.51× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 2.54× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
