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盛美半导体（ACMR）与Rapid7, Inc.（RPD）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Rapid7, Inc.的1.1倍（$244.4M vs $217.4M），盛美半导体净利率更高（3.3% vs 1.4%，领先1.9%），盛美半导体同比增速更快（9.4% vs 0.5%），Rapid7, Inc.自由现金流更多（$36.4M vs $20.1M），过去两年盛美半导体的营收复合增速更高（26.7% vs 3.0%）
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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
ACMR vs RPD — 直观对比
营收规模更大
ACMR
是对方的1.1倍
$217.4M
营收增速更快
ACMR
高出8.9%
0.5%
净利率更高
ACMR
高出1.9%
1.4%
自由现金流更多
RPD
多$16.3M
$20.1M
两年增速更快
ACMR
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $217.4M |
| 净利润 | $8.0M | $3.1M |
| 毛利率 | 40.9% | 68.9% |
| 营业利润率 | 9.4% | 1.0% |
| 净利率 | 3.3% | 1.4% |
| 营收同比 | 9.4% | 0.5% |
| 净利润同比 | -74.1% | 44.1% |
| 每股收益（稀释后） | $0.11 | $0.05 |
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ACMRRPD
| Q4 25 | $244.4M | $217.4M | ||
| Q3 25 | $269.2M | $218.0M | ||
| Q2 25 | $215.4M | $214.2M | ||
| Q1 25 | $172.3M | $210.3M | ||
| Q4 24 | $223.5M | $216.3M | ||
| Q3 24 | $204.0M | $214.7M | ||
| Q2 24 | $202.5M | $208.0M | ||
| Q1 24 | $152.2M | $205.1M |
净利润ACMRRPD
| Q4 25 | $8.0M | $3.1M | ||
| Q3 25 | $35.9M | $9.8M | ||
| Q2 25 | $29.8M | $8.3M | ||
| Q1 25 | $20.4M | $2.1M | ||
| Q4 24 | $31.1M | $2.2M | ||
| Q3 24 | $30.9M | $15.4M | ||
| Q2 24 | $24.2M | $6.5M | ||
| Q1 24 | $17.4M | $1.4M |
毛利率ACMRRPD
| Q4 25 | 40.9% | 68.9% | ||
| Q3 25 | 42.0% | 70.2% | ||
| Q2 25 | 48.5% | 70.6% | ||
| Q1 25 | 47.9% | 71.7% | ||
| Q4 24 | 49.6% | 69.5% | ||
| Q3 24 | 51.4% | 70.6% | ||
| Q2 24 | 47.8% | 70.7% | ||
| Q1 24 | 52.0% | 70.3% |
营业利润率ACMRRPD
| Q4 25 | 9.4% | 1.0% | ||
| Q3 25 | 10.7% | 2.7% | ||
| Q2 25 | 14.7% | 1.6% | ||
| Q1 25 | 15.0% | -0.0% | ||
| Q4 24 | 19.7% | 3.4% | ||
| Q3 24 | 21.7% | 6.0% | ||
| Q2 24 | 18.6% | 2.5% | ||
| Q1 24 | 16.6% | 4.7% |
净利率ACMRRPD
| Q4 25 | 3.3% | 1.4% | ||
| Q3 25 | 13.3% | 4.5% | ||
| Q2 25 | 13.8% | 3.9% | ||
| Q1 25 | 11.8% | 1.0% | ||
| Q4 24 | 13.9% | 1.0% | ||
| Q3 24 | 15.2% | 7.2% | ||
| Q2 24 | 12.0% | 3.1% | ||
| Q1 24 | 11.5% | 0.7% |
每股收益（稀释后）ACMRRPD
| Q4 25 | $0.11 | $0.05 | ||
| Q3 25 | $0.52 | $0.15 | ||
| Q2 25 | $0.44 | $0.13 | ||
| Q1 25 | $0.30 | $0.03 | ||
| Q4 24 | $0.47 | $0.08 | ||
| Q3 24 | $0.45 | $0.21 | ||
| Q2 24 | $0.35 | $0.09 | ||
| Q1 24 | $0.26 | $0.02 |
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 | $474.7M |
| 总债务越低越好 | $214.0M | — |
| 股东权益账面价值 | $1.5B | $154.7M |
| 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ACMRRPD
| Q4 25 | $792.9M | $474.7M | ||
| Q3 25 | $1.1B | $407.1M | ||
| Q2 25 | $463.2M | $511.7M | ||
| Q1 25 | $475.6M | $493.5M | ||
| Q4 24 | $426.8M | $521.7M | ||
| Q3 24 | $353.8M | $443.7M | ||
| Q2 24 | $343.6M | $442.6M | ||
| Q1 24 | $230.0M | $411.7M |
总债务ACMRRPD
| 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ACMRRPD
| Q4 25 | $1.5B | $154.7M | ||
| Q3 25 | $1.4B | $127.2M | ||
| Q2 25 | $986.5M | $90.4M | ||
| Q1 25 | $949.1M | $52.7M | ||
| Q4 24 | $904.6M | $17.7M | ||
| Q3 24 | $888.2M | $-5.1M | ||
| Q2 24 | $833.2M | $-52.6M | ||
| Q1 24 | $796.2M | $-86.4M |
总资产ACMRRPD
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.5B | ||
| Q1 24 | $1.6B | $1.5B |
负债/权益比ACMRRPD
| 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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $20.1M | $36.4M |
| 自由现金流率自由现金流/营收 | 8.2% | 16.8% |
| 资本支出强度资本支出/营收 | 5.6% | 0.5% |
| 现金转化率经营现金流/净利润 | 4.21× | 12.01× |
| 过去12个月自由现金流最近4个季度 | $-66.6M | $146.2M |
8季度趋势，按日历期对齐
经营现金流ACMRRPD
| Q4 25 | $33.9M | $37.6M | ||
| Q3 25 | $-4.6M | $39.0M | ||
| Q2 25 | $-44.9M | $47.5M | ||
| Q1 25 | $5.3M | $29.8M | ||
| Q4 24 | $88.6M | $63.8M | ||
| Q3 24 | $11.9M | $44.0M | ||
| Q2 24 | $61.6M | $32.9M | ||
| Q1 24 | $-9.6M | $31.1M |
自由现金流ACMRRPD
| Q4 25 | $20.1M | $36.4M | ||
| Q3 25 | $-15.6M | $34.8M | ||
| Q2 25 | $-59.6M | $46.6M | ||
| Q1 25 | $-11.4M | $28.4M | ||
| Q4 24 | $77.2M | $62.6M | ||
| Q3 24 | $-20.6M | $42.6M | ||
| Q2 24 | $48.5M | $32.6M | ||
| Q1 24 | $-35.1M | $30.4M |
自由现金流率ACMRRPD
| Q4 25 | 8.2% | 16.8% | ||
| Q3 25 | -5.8% | 16.0% | ||
| Q2 25 | -27.7% | 21.8% | ||
| Q1 25 | -6.6% | 13.5% | ||
| Q4 24 | 34.5% | 28.9% | ||
| Q3 24 | -10.1% | 19.9% | ||
| Q2 24 | 24.0% | 15.7% | ||
| Q1 24 | -23.0% | 14.8% |
资本支出强度ACMRRPD
| Q4 25 | 5.6% | 0.5% | ||
| Q3 25 | 4.1% | 1.9% | ||
| Q2 25 | 6.8% | 0.4% | ||
| Q1 25 | 9.7% | 0.6% | ||
| Q4 24 | 5.1% | 0.5% | ||
| Q3 24 | 16.0% | 0.6% | ||
| Q2 24 | 6.5% | 0.1% | ||
| Q1 24 | 16.7% | 0.3% |
现金转化率ACMRRPD
| Q4 25 | 4.21× | 12.01× | ||
| Q3 25 | -0.13× | 3.97× | ||
| Q2 25 | -1.51× | 5.70× | ||
| Q1 25 | 0.26× | 14.14× | ||
| Q4 24 | 2.85× | 29.36× | ||
| Q3 24 | 0.39× | 2.85× | ||
| Q2 24 | 2.54× | 5.03× | ||
| Q1 24 | -0.55× | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
