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盛美半导体（ACMR）与ROGERS CORP（ROG）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ROGERS CORP的1.2倍（$244.4M vs $200.5M），盛美半导体净利率更高（3.3% vs 2.2%，领先1.0%），盛美半导体同比增速更快（9.4% vs 5.2%），盛美半导体自由现金流更多（$20.1M vs $1.1M），过去两年盛美半导体的营收复合增速更高（26.7% vs -3.3%）
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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
ACMR vs ROG — 直观对比
营收规模更大
ACMR
是对方的1.2倍
$200.5M
营收增速更快
ACMR
高出4.1%
5.2%
净利率更高
ACMR
高出1.0%
2.2%
自由现金流更多
ACMR
多$19.0M
$1.1M
两年增速更快
ACMR
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $200.5M |
| 净利润 | $8.0M | $4.5M |
| 毛利率 | 40.9% | 32.2% |
| 营业利润率 | 9.4% | — |
| 净利率 | 3.3% | 2.2% |
| 营收同比 | 9.4% | 5.2% |
| 净利润同比 | -74.1% | 421.4% |
| 每股收益（稀释后） | $0.11 | $0.25 |
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ACMRROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $244.4M | $201.5M | ||
| Q3 25 | $269.2M | $216.0M | ||
| Q2 25 | $215.4M | $202.8M | ||
| Q1 25 | $172.3M | $190.5M | ||
| Q4 24 | $223.5M | $192.2M | ||
| Q3 24 | $204.0M | $210.3M | ||
| Q2 24 | $202.5M | $214.2M |
净利润ACMRROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $8.0M | $4.6M | ||
| Q3 25 | $35.9M | $8.6M | ||
| Q2 25 | $29.8M | $-73.6M | ||
| Q1 25 | $20.4M | $-1.4M | ||
| Q4 24 | $31.1M | $-500.0K | ||
| Q3 24 | $30.9M | $10.7M | ||
| Q2 24 | $24.2M | $8.1M |
毛利率ACMRROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | 40.9% | 31.5% | ||
| Q3 25 | 42.0% | 33.5% | ||
| Q2 25 | 48.5% | 31.6% | ||
| Q1 25 | 47.9% | 29.9% | ||
| Q4 24 | 49.6% | 32.1% | ||
| Q3 24 | 51.4% | 35.2% | ||
| Q2 24 | 47.8% | 34.1% |
营业利润率ACMRROG
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 3.5% | ||
| Q3 25 | 10.7% | 7.3% | ||
| Q2 25 | 14.7% | -33.3% | ||
| Q1 25 | 15.0% | -0.2% | ||
| Q4 24 | 19.7% | -6.6% | ||
| Q3 24 | 21.7% | 6.9% | ||
| Q2 24 | 18.6% | 5.3% |
净利率ACMRROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | 3.3% | 2.3% | ||
| Q3 25 | 13.3% | 4.0% | ||
| Q2 25 | 13.8% | -36.3% | ||
| Q1 25 | 11.8% | -0.7% | ||
| Q4 24 | 13.9% | -0.3% | ||
| Q3 24 | 15.2% | 5.1% | ||
| Q2 24 | 12.0% | 3.8% |
每股收益（稀释后）ACMRROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.11 | $0.20 | ||
| Q3 25 | $0.52 | $0.48 | ||
| Q2 25 | $0.44 | $-4.00 | ||
| Q1 25 | $0.30 | $-0.08 | ||
| Q4 24 | $0.47 | $-0.04 | ||
| Q3 24 | $0.45 | $0.58 | ||
| Q2 24 | $0.35 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | $214.0M | — |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $2.9B | $1.4B |
| 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ACMRROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $792.9M | $197.0M | ||
| Q3 25 | $1.1B | $167.8M | ||
| Q2 25 | $463.2M | $157.2M | ||
| Q1 25 | $475.6M | $175.6M | ||
| Q4 24 | $426.8M | $159.8M | ||
| Q3 24 | $353.8M | $146.4M | ||
| Q2 24 | $343.6M | $119.9M |
总债务ACMRROG
| Q1 26 | — | — | ||
| 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 | — |
股东权益ACMRROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $986.5M | $1.2B | ||
| Q1 25 | $949.1M | $1.3B | ||
| Q4 24 | $904.6M | $1.3B | ||
| Q3 24 | $888.2M | $1.3B | ||
| Q2 24 | $833.2M | $1.3B |
总资产ACMRROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.5B |
负债/权益比ACMRROG
| Q1 26 | — | — | ||
| 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× | — |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $20.1M | $1.1M |
| 自由现金流率自由现金流/营收 | 8.2% | 0.5% |
| 资本支出强度资本支出/营收 | 5.6% | 2.3% |
| 现金转化率经营现金流/净利润 | 4.21× | 1.29× |
| 过去12个月自由现金流最近4个季度 | $-66.6M | $70.1M |
8季度趋势，按日历期对齐
经营现金流ACMRROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $33.9M | $46.9M | ||
| Q3 25 | $-4.6M | $28.9M | ||
| Q2 25 | $-44.9M | $13.7M | ||
| Q1 25 | $5.3M | $11.7M | ||
| Q4 24 | $88.6M | $33.7M | ||
| Q3 24 | $11.9M | $42.4M | ||
| Q2 24 | $61.6M | $22.9M |
自由现金流ACMRROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $20.1M | $42.2M | ||
| Q3 25 | $-15.6M | $21.2M | ||
| Q2 25 | $-59.6M | $5.6M | ||
| Q1 25 | $-11.4M | $2.1M | ||
| Q4 24 | $77.2M | $18.3M | ||
| Q3 24 | $-20.6M | $25.2M | ||
| Q2 24 | $48.5M | $8.8M |
自由现金流率ACMRROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | 8.2% | 20.9% | ||
| Q3 25 | -5.8% | 9.8% | ||
| Q2 25 | -27.7% | 2.8% | ||
| Q1 25 | -6.6% | 1.1% | ||
| Q4 24 | 34.5% | 9.5% | ||
| Q3 24 | -10.1% | 12.0% | ||
| Q2 24 | 24.0% | 4.1% |
资本支出强度ACMRROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 5.6% | 2.3% | ||
| Q3 25 | 4.1% | 3.6% | ||
| Q2 25 | 6.8% | 4.0% | ||
| Q1 25 | 9.7% | 5.0% | ||
| Q4 24 | 5.1% | 8.0% | ||
| Q3 24 | 16.0% | 8.2% | ||
| Q2 24 | 6.5% | 6.6% |
现金转化率ACMRROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | 4.21× | 10.20× | ||
| Q3 25 | -0.13× | 3.36× | ||
| Q2 25 | -1.51× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 0.39× | 3.96× | ||
| Q2 24 | 2.54× | 2.83× |
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% |
ROG
暂无分部数据
