What is ACM Research's tax incentive adjustment?

ACM Research (ACMR) reported tax incentive adjustment of -18.3% in Q4 2025.

What does tax incentive adjustment mean?

A secondary classification for tax incentive adjustments, often used to distinguish between different types of regional or operational tax benefits. It reflects the impact of specific tax planning strategies on the overall effective tax rate.

ACM Research ACMR Tax incentive adjustment

Tax incentive adjustment at other companies

XylemXYL

1.3%-1.3pp

GE VernovaGEV

-$20M—

GE VernovaGEV

-2.8%—

NiSourceNI

-$775K-3.3%

CaterpillarCAT

$0+33.3%

Edwards LifesciencesEW

$104.5M+17.0%

Other financials

Income statement

See full

Revenue$231.3M+34.2%

Gross profit$107.2M+29.9%

Operating income$36.2M+40.3%

Net income$17.3M-15.1%

EPS (diluted)$0.24-20.0%

Balance sheet

See full

Cash & equivalents$894.1M+91.1%

Total debt$323.8M+91.3%

Total equity$1.6B+66.6%

Total assets$3.1B+58.5%

Cash flow

See full

Operating cash flow-$29.5M-659%

CapEx$22.2M+32.7%

Free cash flow-$51.7M-352%

Valuation

See full

Market cap$7.59B+75.5%

Enterprise value$7.02B+71.6%

P/E83.4×+42.8×

P/S7.9×+2.5×

Profitability

See full

Gross margin44.2%-5.0pp

Operating margin12.5%-6.4pp

Net margin9.5%-3.8pp

FCF margin-1.1%-0.5pp

Returns & leverage

See full

Return on equity7.2%-5.0pp

Debt / equity0.2×0.0×

Current ratio3.5×+1.1×

Where this comes from

Reported directly by ACM Research in its filing.

Tagged under the XBRL concept acmr:EffectiveIncomeTaxRateReconciliationTaxIncentiveAdjustmentPercent.

The official record: ACM Research’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

Ask your AI about ACM Research's tax incentive adjustment.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is ACM Research's tax incentive adjustment?: ACM Research (ACMR) reported tax incentive adjustment of -18.3% in Q4 2025.
What does tax incentive adjustment mean?: A secondary classification for tax incentive adjustments, often used to distinguish between different types of regional or operational tax benefits. It reflects the impact of specific tax planning strategies on the overall effective tax rate.