ACM Research (ACMR) vs Novanta (NOVT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
ACM Research (ACMR) has outperformed Novanta (NOVT) over the past year, gaining 68.6% versus a gain of 32.7%. Over five years, ACMR leads with a +101.7% price change compared with -15.6% for NOVT. Novanta is the larger company by market cap ($5.35 billion vs $4.90 billion), about 1.1 times the size, while ACM Research is growing revenue faster (+15.2% vs +3.3%).
On valuation, ACM Research trades at a lower forward P/E (24.0x vs 32.4x for Novanta). ACM Research converts more of its revenue into profit, with a net margin of 10.4% versus 5.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ACMR | NOVT |
|---|---|---|
| Share price | $70.42 | $141.54 |
| Market cap | $4.90B | $5.35B |
| 1-day change | -0.54% | +3.82% |
| YTD return | +79.47% | +14.57% |
| 1-year return | +68.61% | +32.75% |
| 5-year return | +101.67% | -15.59% |
| P/E ratio (TTM) | 33.22 | 89.58 |
| Forward P/E | 23.95 | 32.41 |
| EPS (TTM) | $2.12 | $1.58 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $901.31M | $980.60M |
| Revenue growth (YoY) | +15.24% | +3.30% |
| Net income (latest FY) | $94.08M | $53.83M |
| Gross margin | 44.39% | 44.39% |
| Operating margin | 12.14% | 9.59% |
| Net margin | 10.44% | 5.49% |
| 52-week high | $127.19 | $176.38 |
| 52-week low | $28.46 | $98.27 |
| Distance from 52-week high | -44.63% | -19.75% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +63.77% | +37.42% |
| Average volume | 1.06M | 390.69K |
| Shares outstanding | 64.66M | 37.82M |
| Employees | 2,513 | 3,000 |
| Sector | Technology | Miscellaneous |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ACMR has outperformed NOVT by 35.9 percentage points over the past year.
- Novanta trades at a higher earnings multiple (89.6x vs 33.2x trailing P/E).
- ACM Research grew revenue faster in its latest fiscal year (+15.24% vs +3.30%).
- The two companies sit in different sectors: ACM Research in Technology and Novanta in Miscellaneous.
About ACM Research
ACMR stock →ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers.
Technology · Industrial Machinery/Components · 2,513 employees
About Novanta
NOVT stock →Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments.
Miscellaneous · Industrial Machinery/Components · 3,000 employees
ACMR vs NOVT FAQ
Which is bigger, ACM Research or Novanta?
Novanta (NOVT) is larger, with a market capitalization of $5.35B compared with $4.90B for ACM Research (ACMR).
Which stock has performed better over the past year, ACMR or NOVT?
ACMR returned +68.61% over the past 12 months, compared with +32.75% for NOVT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ACMR or NOVT?
ACMR has the lower trailing P/E at 33.2, versus 89.6 for NOVT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are ACM Research and Novanta in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Technology sector.