ACM Research, Inc. (ACMR) vs Onto Innovation Inc. (ONTO)

ACM Research, Inc. and Onto Innovation Inc. are both Semiconductor Equipment & Materials companies. Onto Innovation Inc. is the larger, with a market value of $7.7B against $2.7B — 2.8× the size. ACM Research, Inc. trades at the lower P/E: 25.0× against 64.2×. ACM Research, Inc. grew revenue faster over the last twelve months: 29.1% against 8.08%. Onto Innovation Inc. has the higher net margin (11.8% vs 10.2%) and the lower return on invested capital (5.56% vs 7.00%). Across the 21 metrics below, ACM Research, Inc. leads on 14 and Onto Innovation Inc. on 7.

Valuation

Metric ACMR ONTO Semiconductor Equipment & Materials median
P/E 25.02 64.20 35.94
P/S 2.73 7.62 4.44
P/B 1.26 4.44 3.09
Price to free cash flow n/m 33.80 33.07
EV/EBITDA 11.14 37.60 23.48
EV/Sales 1.85 7.25 5.23
Earnings yield 4.00% 1.56% 2.34%
Free cash flow yield (6.46%) 2.96% 2.18%

Profitability

Metric ACMR ONTO Semiconductor Equipment & Materials median
Gross margin 43.49% 50.36% 46.86%
Operating margin 14.48% 12.02% 12.02%
Net margin 10.20% 11.84% 10.20%
Free cash flow margin (17.66%) 22.54% 6.73%
Return on equity 5.32% 6.82% 5.32%
Return on assets 3.64% 4.54% 4.10%
Return on invested capital 7.00% 5.56% 6.36%

Growth

Metric ACMR ONTO Semiconductor Equipment & Materials median
Revenue growth (TTM) 29.07% 8.08% 16.16%
EPS growth (last fiscal year) (10.46%) (31.53%) (4.56%)
Revenue growth, 5-year CAGR 41.91% 12.55% 10.11%
Net income growth, 5-year CAGR 38.03% 34.54% 0.00%

Health

Metric ACMR ONTO Semiconductor Equipment & Materials median
Debt to equity 0.14 0.77 0.09
Current ratio 3.16 9.73 3.44
Net debt to EBITDA (7.00) (3.39) (0.49)

Dividend

Metric ACMR ONTO Semiconductor Equipment & Materials median
Dividend yield — — 0.55%
Payout ratio — — 0.16

Size

Metric ACMR ONTO Semiconductor Equipment & Materials median
Market cap 2.74b 7.66b 2.69b

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