Mismanagement

ACMRACM Research, Inc.

Special Industry Machinery, NEC

Revenue
$901MFY2021: $260MFY2022: $389MFY2023: $558MFY2024: $782MFY2025: $901M
15% YoY
Operating margin
12.1%FY2021: 14.9%FY2022: 15.2%FY2023: 17.2%FY2024: 19.3%FY2025: 12.1%
37% YoY
EBITDA
$124MFY2021: $41MFY2022: $64MFY2023: $103MFY2024: $158MFY2025: $124M
21% YoY
Market cap
—
Employees
—
Net debt / EBITDA
-5.9×
−$736M net debt
AI in 10-K
—

Red flags 1 of 9

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$260M$389M$558M$782M$901M 15% FY2021: $260MFY2022: $389MFY2023: $558MFY2024: $782MFY2025: $901M
Operating income$39M$59M$96M$151M$109M 28% FY2021: $39MFY2022: $59MFY2023: $96MFY2024: $151MFY2025: $109M
Net income$38M$39M$77M$104M$94M 9.2% FY2021: $38MFY2022: $39MFY2023: $77MFY2024: $104MFY2025: $94M
Operating cash flow−$40M−$62M−$75M$152M−$10M 107% FY2021: −$40MFY2022: −$62MFY2023: −$75MFY2024: $152MFY2025: −$10M
Capex$9M$91M$62M$82M$56M 32% FY2021: $9MFY2022: $91MFY2023: $62MFY2024: $82MFY2025: $56M
Stock-based comp$5M$8M$27M$50M$34M 32% FY2021: $5MFY2022: $8MFY2023: $27MFY2024: $50MFY2025: $34M
Buybacks$0————

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo
$0 · 0
Open-market sells, 12 mo
$11M · 9
Net
−$11M

Pay vs performance

No pay-versus-performance disclosure yet.