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SITM vs FORM
Revenue, margins, valuation, and 5-year total return — side by side.
Semiconductors
SITM vs FORM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Semiconductors | Semiconductors |
| Market Cap | $16.45B | $11.62B |
| Revenue (TTM) | $327M | $840M |
| Net Income (TTM) | $-43M | $68M |
| Gross Margin | 53.6% | 42.1% |
| Operating Margin | -19.6% | 12.7% |
| Forward P/E | 121.2x | 68.5x |
| Total Debt | $5M | $45M |
| Cash & Equiv. | $17M | $103M |
SITM vs FORM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| SiTime Corporation (SITM) | 100 | 2091.0 | +1991.0% |
| FormFactor, Inc. (FORM) | 100 | 592.5 | +492.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SITM vs FORM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SITM is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 61.2%, EPS growth 57.5%, 3Y rev CAGR 4.8%
- 46.9% 10Y total return vs FORM's 20.8%
- Lower volatility, beta 2.56, Low D/E 0.4%, current ratio 11.30x
FORM carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- beta 2.02
- Beta 2.02, current ratio 4.50x
- Lower P/E (68.5x vs 121.2x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 61.2% revenue growth vs FORM's 2.8% | |
| Value | Lower P/E (68.5x vs 121.2x) | |
| Quality / Margins | 8.1% margin vs SITM's -13.1% | |
| Stability / Safety | Beta 2.02 vs SITM's 2.56 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +407.6% vs SITM's +277.2% | |
| Efficiency (ROA) | 5.6% ROA vs SITM's -3.6%, ROIC 5.4% vs -4.9% |
SITM vs FORM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SITM vs FORM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — SITM and FORM each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FORM is the larger business by revenue, generating $840M annually — 2.6x SITM's $327M. FORM is the more profitable business, keeping 8.1% of every revenue dollar as net income compared to SITM's -13.1%. On growth, SITM holds the edge at +66.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $327M | $840M |
| EBITDAEarnings before interest/tax | -$30M | $152M |
| Net IncomeAfter-tax profit | -$43M | $68M |
| Free Cash FlowCash after capex | $35M | -$5M |
| Gross MarginGross profit ÷ Revenue | +53.6% | +42.1% |
| Operating MarginEBIT ÷ Revenue | -19.6% | +12.7% |
| Net MarginNet income ÷ Revenue | -13.1% | +8.1% |
| FCF MarginFCF ÷ Revenue | +10.7% | -0.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +66.3% | +32.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +142.0% | +2.2% |
Valuation Metrics
FORM leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $16.5B | $11.6B |
| Enterprise ValueMkt cap + debt − cash | $16.4B | $11.6B |
| Trailing P/EPrice ÷ TTM EPS | -362.40x | 216.12x |
| Forward P/EPrice ÷ next-FY EPS est. | 121.23x | 68.52x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 104.06x |
| Price / SalesMarket cap ÷ Revenue | 50.37x | 14.81x |
| Price / BookPrice ÷ Book value/share | 13.46x | 11.28x |
| Price / FCFMarket cap ÷ FCF | 468.43x | 990.17x |
Profitability & Efficiency
FORM leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
FORM delivers a 6.7% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-4 for SITM. SITM carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to FORM's 0.04x. On the Piotroski fundamental quality scale (0–9), SITM scores 7/9 vs FORM's 4/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -4.2% | +6.7% |
| ROA (TTM)Return on assets | -3.6% | +5.6% |
| ROICReturn on invested capital | -4.9% | +5.4% |
| ROCEReturn on capital employed | -6.1% | +6.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.00x | 0.04x |
| Net DebtTotal debt minus cash | -$12M | -$58M |
| Cash & Equiv.Liquid assets | $17M | $103M |
| Total DebtShort + long-term debt | $5M | $45M |
| Interest CoverageEBIT ÷ Interest expense | — | 252.69x |
Total Returns (Dividends Reinvested)
SITM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SITM five years ago would be worth $74,650 today (with dividends reinvested), compared to $38,975 for FORM. Over the past 12 months, FORM leads with a +407.6% total return vs SITM's +277.2%. The 3-year compound annual growth rate (CAGR) favors SITM at 94.1% vs FORM's 74.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +68.5% | +151.9% |
| 1-Year ReturnPast 12 months | +277.2% | +407.6% |
| 3-Year ReturnCumulative with dividends | +631.8% | +433.1% |
| 5-Year ReturnCumulative with dividends | +646.5% | +289.8% |
| 10-Year ReturnCumulative with dividends | +4694.8% | +2083.3% |
| CAGR (3Y)Annualised 3-year return | +94.1% | +74.7% |
Risk & Volatility
Evenly matched — SITM and FORM each lead in 1 of 2 comparable metrics.
Risk & Volatility
FORM is the less volatile stock with a 2.02 beta — it tends to amplify market swings less than SITM's 2.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SITM currently trades 99.5% from its 52-week high vs FORM's 93.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.56x | 2.02x |
| 52-Week HighHighest price in past year | $626.43 | $159.09 |
| 52-Week LowLowest price in past year | $158.63 | $26.08 |
| % of 52W HighCurrent price vs 52-week peak | +99.5% | +93.7% |
| RSI (14)Momentum oscillator 0–100 | 74.1 | 64.1 |
| Avg Volume (50D)Average daily shares traded | 409K | 1.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates SITM as "Buy" and FORM as "Hold". Consensus price targets imply -17.3% upside for FORM (target: $123) vs -30.0% for SITM (target: $436).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $436.43 | $123.38 |
| # AnalystsCovering analysts | 9 | 19 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
FORM leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). SITM leads in 1 (Total Returns). 2 tied.
SITM vs FORM: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SITM or FORM a better buy right now?
For growth investors, SiTime Corporation (SITM) is the stronger pick with 61.
2% revenue growth year-over-year, versus 2. 8% for FormFactor, Inc. (FORM). FormFactor, Inc. (FORM) offers the better valuation at 216. 1x trailing P/E (68. 5x forward), making it the more compelling value choice. Analysts rate SiTime Corporation (SITM) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SITM or FORM?
On forward P/E, FormFactor, Inc.
is actually cheaper at 68. 5x.
03Which is the better long-term investment — SITM or FORM?
Over the past 5 years, SiTime Corporation (SITM) delivered a total return of +646.
5%, compared to +289. 8% for FormFactor, Inc. (FORM). Over 10 years, the gap is even starker: SITM returned +46. 9% versus FORM's +20. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SITM or FORM?
By beta (market sensitivity over 5 years), FormFactor, Inc.
(FORM) is the lower-risk stock at 2. 02β versus SiTime Corporation's 2. 56β — meaning SITM is approximately 26% more volatile than FORM relative to the S&P 500. On balance sheet safety, SiTime Corporation (SITM) carries a lower debt/equity ratio of 0% versus 4% for FormFactor, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SITM or FORM?
By revenue growth (latest reported year), SiTime Corporation (SITM) is pulling ahead at 61.
2% versus 2. 8% for FormFactor, Inc. (FORM). On earnings-per-share growth, the picture is similar: SiTime Corporation grew EPS 57. 5% year-over-year, compared to -22. 5% for FormFactor, Inc.. Over a 3-year CAGR, SITM leads at 4. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SITM or FORM?
FormFactor, Inc.
(FORM) is the more profitable company, earning 6. 9% net margin versus -13. 1% for SiTime Corporation — meaning it keeps 6. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FORM leads at 8. 2% versus -18. 5% for SITM. At the gross margin level — before operating expenses — SITM leads at 53. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SITM or FORM more undervalued right now?
On forward earnings alone, FormFactor, Inc.
(FORM) trades at 68. 5x forward P/E versus 121. 2x for SiTime Corporation — 52. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FORM: -17. 3% to $123. 38.
08Which pays a better dividend — SITM or FORM?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is SITM or FORM better for a retirement portfolio?
For long-horizon retirement investors, SiTime Corporation (SITM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding.
FormFactor, Inc. (FORM) carries a higher beta of 2. 02 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SITM: +46. 9%, FORM: +20. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SITM and FORM?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SITM is a mid-cap high-growth stock; FORM is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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