ACM Research, Inc. (ACMR)

ACM Research Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	728.97	557.72	388.83	259.75	156.62	107.52
Revenue Growth (YoY)	46.99%	43.44%	49.69%	65.84%	45.66%	44.05%
Cost of Revenue	369.15	281.51	205.22	144.9	87.03	56.87
Gross Profit	359.82	276.22	183.62	114.86	69.6	50.65
Selling, General & Admin	119.24	87.67	62.35	41.95	28.99	19.96
Research & Development	110.19	92.71	62.23	34.21	19.12	12.9
Operating Expenses	229.43	180.38	124.58	76.15	48.11	32.86
Operating Income	130.38	95.84	59.04	38.7	21.49	17.79
Interest Expense	-3.62	-2.68	-1.66	-0.77	-0.98	-0.75
Interest & Investment Income	9.19	8.35	8.74	0.51	0.9	0.33
Earnings From Equity Investments	6.33	9.95	4.67	4.64	0.66	0.17
Currency Exchange Gain (Loss)	-2.09	-2.09	3.01	-0.83	-3.53	1.25
Other Non Operating Income (Expenses)	-0.35	0.53	0.31	0.2	-11.82	0.15
EBT Excluding Unusual Items	139.84	109.91	74.1	42.45	6.72	18.94
Gain (Loss) on Sale of Investments	1.46	6.31	-6.74	0.61	12.57	-
Pretax Income	141.3	116.22	67.36	43.06	19.3	18.94
Income Tax Expense	25.84	19.36	16.8	0.13	-2.38	-0.52
Earnings From Continuing Operations	115.46	96.85	50.56	42.92	21.68	19.46
Minority Interest in Earnings	-25.21	-19.5	-11.3	-5.16	-2.9	-0.56
Net Income	90.25	77.35	39.26	37.76	18.78	18.89
Net Income to Common	90.25	77.35	39.26	37.76	18.78	18.89
Net Income Growth	26.29%	97.00%	3.99%	101.05%	-0.60%	187.40%
Shares Outstanding (Basic)	62	60	59	58	55	50
Shares Outstanding (Diluted)	66	65	65	65	64	57
Shares Change (YoY)	2.14%	-0.72%	-0.02%	2.84%	10.70%	6.83%
EPS (Basic)	1.46	1.29	0.66	0.65	0.34	0.37
EPS (Diluted)	1.33	1.16	0.59	0.58	0.30	0.33
EPS Growth	23.42%	96.64%	2.76%	92.02%	-9.09%	167.64%
Free Cash Flow	-57.89	-137.2	-153.29	-49.25	-58.96	8.43
Free Cash Flow Per Share	-0.88	-2.11	-2.35	-0.75	-0.93	0.15
Gross Margin	49.36%	49.53%	47.22%	44.22%	44.44%	47.11%
Operating Margin	17.89%	17.18%	15.18%	14.90%	13.72%	16.55%
Profit Margin	12.38%	13.87%	10.10%	14.54%	11.99%	17.57%
Free Cash Flow Margin	-7.94%	-24.60%	-39.42%	-18.96%	-37.65%	7.84%
EBITDA	139.67	103.93	64.4	41.06	22.55	18.58
EBITDA Margin	19.16%	18.63%	16.56%	15.81%	14.40%	17.28%
D&A For EBITDA	9.29	8.09	5.37	2.35	1.06	0.79
EBIT	130.38	95.84	59.04	38.7	21.49	17.79
EBIT Margin	17.89%	17.18%	15.18%	14.90%	13.72%	16.55%
Effective Tax Rate	18.29%	16.66%	24.94%	0.31%	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.