vs
盛美半导体（ACMR）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.3倍（$244.4M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 3.3%，领先44.7%），盛美半导体同比增速更快（9.4% vs -21.9%），过去两年盛美半导体的营收复合增速更高（26.7% vs -15.4%）
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。
ACMR vs RILY — 直观对比
营收规模更大
ACMR
是对方的1.3倍
$188.3M
营收增速更快
ACMR
高出31.2%
-21.9%
净利率更高
RILY
高出44.7%
3.3%
两年增速更快
ACMR
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $188.3M |
| 净利润 | $8.0M | $90.3M |
| 毛利率 | 40.9% | 79.5% |
| 营业利润率 | 9.4% | 32.3% |
| 净利率 | 3.3% | 47.9% |
| 营收同比 | 9.4% | -21.9% |
| 净利润同比 | -74.1% | 1710.8% |
| 每股收益（稀释后） | $0.11 | $2.78 |
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ACMRRILY
| Q4 25 | $244.4M | $188.3M | ||
| Q3 25 | $269.2M | $215.3M | ||
| Q2 25 | $215.4M | $188.2M | ||
| Q1 25 | $172.3M | $197.2M | ||
| Q4 24 | $223.5M | $241.0M | ||
| Q3 24 | $204.0M | $225.5M | ||
| Q2 24 | $202.5M | $256.0M | ||
| Q1 24 | $152.2M | $263.4M |
净利润ACMRRILY
| Q4 25 | $8.0M | $90.3M | ||
| Q3 25 | $35.9M | $91.1M | ||
| Q2 25 | $29.8M | $139.5M | ||
| Q1 25 | $20.4M | $-10.0M | ||
| Q4 24 | $31.1M | $-5.6M | ||
| Q3 24 | $30.9M | $-284.4M | ||
| Q2 24 | $24.2M | $-433.6M | ||
| Q1 24 | $17.4M | $-49.2M |
毛利率ACMRRILY
| Q4 25 | 40.9% | 79.5% | ||
| Q3 25 | 42.0% | 83.7% | ||
| Q2 25 | 48.5% | 81.3% | ||
| Q1 25 | 47.9% | 81.4% | ||
| Q4 24 | 49.6% | 79.8% | ||
| Q3 24 | 51.4% | 82.1% | ||
| Q2 24 | 47.8% | 84.5% | ||
| Q1 24 | 52.0% | 85.3% |
营业利润率ACMRRILY
| Q4 25 | 9.4% | 32.3% | ||
| Q3 25 | 10.7% | 30.4% | ||
| Q2 25 | 14.7% | 5.7% | ||
| Q1 25 | 15.0% | -31.2% | ||
| Q4 24 | 19.7% | -69.2% | ||
| Q3 24 | 21.7% | -36.4% | ||
| Q2 24 | 18.6% | -90.8% | ||
| Q1 24 | 16.6% | -6.1% |
净利率ACMRRILY
| Q4 25 | 3.3% | 47.9% | ||
| Q3 25 | 13.3% | 42.3% | ||
| Q2 25 | 13.8% | 74.1% | ||
| Q1 25 | 11.8% | -5.1% | ||
| Q4 24 | 13.9% | -2.3% | ||
| Q3 24 | 15.2% | -126.1% | ||
| Q2 24 | 12.0% | -169.4% | ||
| Q1 24 | 11.5% | -18.7% |
每股收益（稀释后）ACMRRILY
| Q4 25 | $0.11 | $2.78 | ||
| Q3 25 | $0.52 | $2.91 | ||
| Q2 25 | $0.44 | $4.50 | ||
| Q1 25 | $0.30 | $-0.39 | ||
| Q4 24 | $0.47 | $-0.01 | ||
| Q3 24 | $0.45 | $-9.39 | ||
| Q2 24 | $0.35 | $-14.35 | ||
| Q1 24 | $0.26 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $214.0M | $1.4B |
| 股东权益账面价值 | $1.5B | $-171.5M |
| 总资产 | $2.9B | $1.7B |
| 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ACMRRILY
| Q4 25 | $792.9M | $226.6M | ||
| Q3 25 | $1.1B | $184.2M | ||
| Q2 25 | $463.2M | $267.4M | ||
| Q1 25 | $475.6M | $138.3M | ||
| Q4 24 | $426.8M | $146.9M | ||
| Q3 24 | $353.8M | $159.2M | ||
| Q2 24 | $343.6M | $236.9M | ||
| Q1 24 | $230.0M | $190.7M |
总债务ACMRRILY
| Q4 25 | $214.0M | $1.4B | ||
| Q3 25 | $242.0M | $1.3B | ||
| Q2 25 | $225.1M | $1.3B | ||
| Q1 25 | $202.5M | $1.4B | ||
| Q4 24 | $150.0M | $1.5B | ||
| Q3 24 | $150.0M | — | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $60.0M | — |
股东权益ACMRRILY
| Q4 25 | $1.5B | $-171.5M | ||
| Q3 25 | $1.4B | $-260.5M | ||
| Q2 25 | $986.5M | $-351.7M | ||
| Q1 25 | $949.1M | $-496.8M | ||
| Q4 24 | $904.6M | $-488.2M | ||
| Q3 24 | $888.2M | $-497.6M | ||
| Q2 24 | $833.2M | $-218.3M | ||
| Q1 24 | $796.2M | $228.4M |
总资产ACMRRILY
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.7B | $3.2B | ||
| Q1 24 | $1.6B | $5.0B |
负债/权益比ACMRRILY
| 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 | $26.2M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 4.21× | 0.29× |
| 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ACMRRILY
| Q4 25 | $33.9M | $26.2M | ||
| Q3 25 | $-4.6M | $-60.6M | ||
| Q2 25 | $-44.9M | $-25.6M | ||
| Q1 25 | $5.3M | $184.0K | ||
| Q4 24 | $88.6M | $-2.7M | ||
| Q3 24 | $11.9M | $19.5M | ||
| Q2 24 | $61.6M | $111.5M | ||
| Q1 24 | $-9.6M | $135.4M |
自由现金流ACMRRILY
| Q4 25 | $20.1M | — | ||
| Q3 25 | $-15.6M | — | ||
| Q2 25 | $-59.6M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $77.2M | — | ||
| Q3 24 | $-20.6M | — | ||
| Q2 24 | $48.5M | — | ||
| Q1 24 | $-35.1M | — |
自由现金流率ACMRRILY
| Q4 25 | 8.2% | — | ||
| Q3 25 | -5.8% | — | ||
| Q2 25 | -27.7% | — | ||
| Q1 25 | -6.6% | — | ||
| Q4 24 | 34.5% | — | ||
| Q3 24 | -10.1% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | -23.0% | — |
资本支出强度ACMRRILY
| Q4 25 | 5.6% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 16.7% | — |
现金转化率ACMRRILY
| Q4 25 | 4.21× | 0.29× | ||
| Q3 25 | -0.13× | -0.66× | ||
| Q2 25 | -1.51× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
