ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment worldwide. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides Wet Cleaning Equipment for Front End Production Processes; Ultra C SAPS II and Ultra C SAPS V which are a single-wafer, serial-processing tool used to remove …
Full ACMR analysis →
Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.71), demonstrating pricing resilience across cycles.
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.71), with robust interest coverage.
Key risks
Weak or Negative Cash FlowCash generation is weak (score 0.21), limiting financial flexibility.
Where ACMR ranks in Semiconductor Equipment & Materials
ACM Research, Inc. ranks #10 of 29
scored companies in Semiconductor Equipment & Materials by moat score — the top 34%.
The widest moat in the group is ASML Holding N.V. - New York Re (ASML)
at 83/100.
Moat scores for companies ranked near ACMR in Semiconductor Equipment & Materials
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 61
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 41
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 69
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 53
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 71
· 15% of the moat score
Scale matters only when it converts into economics.
ACM Research, Inc. (ACMR) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #10 of 29 scored companies in Semiconductor Equipment & Materials, the top 34%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 28 companies in Semiconductor Equipment & Materials. Its strongest defense is Scale & Market Position (71/100) and its weakest is Customer Stickiness (41/100).
How does ACM Research, Inc. compare with other Semiconductor Equipment & Materials companies?
ACM Research, Inc. ranks #10 of 29 scored companies in Semiconductor Equipment & Materials by moat score. The widest moat in Semiconductor Equipment & Materials is ASML Holding N.V. - New York Re (ASML) at 83/100. The companies ranked closest are Teradyne, Inc. (TER) at 65 just above it and Entegris, Inc. (ENTG) at 60 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 28 companies in Semiconductor Equipment & Materials. The defenses are then weighted to produce the overall score out of 100.
Why is ACM Research, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for ACM Research, Inc.?
The Corporate Default template measures 6 defenses, and ACMR scores: Pricing Power (66), Cost Advantage (61), Customer Stickiness (41), Capital Efficiency (69), Resilience (53), Scale & Market Position (71). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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