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FormFactor, Inc.(FORM)Earnings, Financials & Key Ratios
FORM•NASDAQ
216.7× P/E·Price updated Jun 19, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustrySemiconductor Test, Metrology and Inspection Equipment
AboutFormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.Show more
- Revenue$785M+2.8%
- EBITDA$111M+13.8%
- Net Income$54M-21.9%
- EPS (Diluted)0.69-22.5%
- Gross Margin39.14%-3.0%
- EBITDA Margin14.16%+10.7%
- Operating Margin8.18%-3.6%
- Net Margin6.93%-24.0%
- ROE5.48%-26.9%
FORM Key Insights
FormFactor, Inc. (FORM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Momentum leader: RS Rating 96 (top 4%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Expensive at 11.3x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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FORM Price & Volume
FormFactor, Inc. (FORM) stock price & volume — 10-year historical chart
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FORM Growth Metrics
FormFactor, Inc. (FORM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.77%
5 Years2.51%
3 Years1.62%
TTM9.6%
Profit CAGR
10 Years-
5 Years-7.09%
3 Years2.33%
TTM26.02%
EPS CAGR
10 Years-
5 Years-6.97%
3 Years2.01%
TTM25.69%
Return on Capital
10 Years6.13%
5 Years7.92%
3 Years7.2%
Last Year6.07%
FORM Recent Earnings
FormFactor, Inc. (FORM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.56+24.4%
$0.45
Rev
$226M+0.3%
$226M
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$0.46+31.4%
$0.35
Rev
$215M+2.2%
$211M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.33+32.0%
$0.25
Rev
$203M-3.6%
$210M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.27-10.0%
$0.30
Rev
$196M-1.8%
$199M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.56vs $0.45+24.4% | $226Mvs $226M+0.3% |
| Q1 2026 | Feb 4, 2026 | $0.46vs $0.35+31.4% | $215Mvs $211M+2.2% |
| Q4 2025 | Oct 29, 2025 | $0.33vs $0.25+32.0% | $203Mvs $210M-3.6% |
| Q3 2025 | Jul 30, 2025 | $0.27vs $0.30-10.0% | $196Mvs $199M-1.8% |
Based on last 12 quarters of dataView full earnings history →
FORM Peer Comparison
FormFactor, Inc. (FORM) competitors in Semiconductor Test, Metrology and Inspection Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COHU | 3.26B | 69.40 | -43.65 | 12.74% | -11.54% | -6.84% | 0.46 | |
 ONTO | 16.6B | 333.76 | 120.06 | 1.82% | 10.33% | 5.19% | 0.01 | |
 ACLS | 5.76B | 187.53 | 49.35 | -17.57% | 11.93% | 9.79% | 0.04 | |
 ICHR | 3.43B | 98.61 | -64.03 | 11.61% | -5.28% | -7.5% | 0.28 | |
 CAMT | 8.94B | 195.16 | 187.65 | 15.57% | 28.36% | 23.49% | 0.84 | |
 AEHR | 3.53B | 115.30 | -886.92 | -22.66% | -8.5% | 0.09 | ||
 NOVT | 5.53B | 155.30 | 105.65 | 3.3% | 5.35% | 5.08% | 0.26 | |
 MKSI | 27.36B | 406.37 | 92.99 | 9.62% | 8.03% | 12.24% | 1.73 |
Compare FORM vs Peers
FormFactor, Inc. (FORM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FORM Income Statement
FormFactor, Inc. (FORM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 548.44M | 529.67M | 589.46M | 693.62M | 769.67M | 747.94M | 663.1M | 763.6M | 784.99M | 839.78M |
Revenue Growth % | 42.87% | -3.42% | 11.29% | 17.67% | 10.97% | -2.82% | -11.34% | 15.16% | 2.8% | 9.6% |
Cost of Goods Sold | 332.84M | 319.34M | 351.97M | 405.7M | 446.91M | 451.93M | 404.52M | 455.68M | 477.78M | 486.19M |
COGS % of Revenue | 60.69% | 60.29% | 59.71% | 58.49% | 58.06% | 60.42% | 61% | 59.67% | 60.86% | - |
Gross Profit | 215.6M▲ 0% | 210.34M▼ 2.4% | 237.5M▲ 12.9% | 287.92M▲ 21.2% | 322.77M▲ 12.1% | 296.01M▼ 8.3% | 258.58M▼ 12.6% | 307.92M▲ 19.1% | 307.21M▼ 0.2% | 353.6M▲ 0% |
Gross Margin % | 39.31% | 39.71% | 40.29% | 41.51% | 41.94% | 39.58% | 39% | 40.33% | 39.14% | 42.11% |
Gross Profit Growth % | 109.97% | -2.44% | 12.91% | 21.23% | 12.1% | -8.29% | -12.64% | 19.08% | -0.23% | - |
Operating Expenses | 169.3M | 174.23M | 187.83M | 204.13M | 224.73M | 241.1M | 175.82M | 243.14M | 242.99M | 246.96M |
OpEx % of Revenue | 30.87% | 32.89% | 31.87% | 29.43% | 29.2% | 32.23% | 26.52% | 31.84% | 30.95% | - |
Selling, General & Admin | 95.49M | 99.25M | 106.33M | 115.1M | 123.79M | 131.88M | 133.01M | 141.79M | 127.07M | 128.3M |
SG&A % of Revenue | 17.41% | 18.74% | 18.04% | 16.59% | 16.08% | 17.63% | 20.06% | 18.57% | 16.19% | - |
Research & Development | 73.81M | 74.98M | 81.5M | 89.03M | 100.94M | 109.22M | 115.77M | 121.94M | 115.92M | 118.66M |
R&D % of Revenue | 13.46% | 14.16% | 13.83% | 12.84% | 13.11% | 14.6% | 17.46% | 15.97% | 14.77% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -72.95M | -20.58M | 0 | 1 |
Operating Income | 46.3M▲ 0% | 36.11M▼ 22.0% | 49.66M▲ 37.5% | 83.79M▲ 68.7% | 98.04M▲ 17.0% | 54.91M▼ 44.0% | 82.76M▲ 50.7% | 64.78M▼ 21.7% | 64.22M▼ 0.9% | 106.63M▲ 0% |
Operating Margin % | 8.44% | 6.82% | 8.42% | 12.08% | 12.74% | 7.34% | 12.48% | 8.48% | 8.18% | 12.7% |
Operating Income Growth % | 196.65% | -22.01% | 37.53% | 68.72% | 17.01% | -43.99% | 50.71% | -21.72% | -0.86% | - |
EBITDA | 90.87M | 79.8M | 94.52M | 132.47M | 142.56M | 92.95M | 120.21M | 97.68M | 111.15M | 151.66M |
EBITDA Margin % | 16.57% | 15.07% | 16.03% | 19.1% | 18.52% | 12.43% | 18.13% | 12.79% | 14.16% | 18.06% |
EBITDA Growth % | 8293.6% | -12.18% | 18.45% | 40.15% | 7.61% | -34.8% | 29.33% | -18.74% | 13.79% | 78.17% |
D&A (Non-Cash Add-back) | 44.57M | 43.69M | 44.86M | 48.69M | 44.52M | 38.04M | 37.45M | 32.9M | 46.93M | 45.03M |
EBIT | 46.7M | 37.24M | 52.98M | 86.04M | 99.1M | 58.45M | 89.69M | 79.83M | 64.22M | 106.63M |
Net Interest Income | -3.94M | -1.96M | 799K | 637K | -33K | 1.64M | 6.8M | 13.69M | 10.12M | 8.98M |
Interest Income | 548K | 1.36M | 2.71M | 1.5M | 569K | 2.22M | 7.22M | 14.11M | 10.64M | 9.4M |
Interest Expense | 4.49M | 3.31M | 1.92M | 864K | 602K | 579K | 421K | 418K | 521K | 422K |
Other Income/Expense | -4.09M | -2.18M | 1.4M | 1.39M | 462K | 2.96M | 6.51M | 14.63M | 3.15M | -25.96M |
Pretax Income | 42.21M▲ 0% | 33.93M▼ 19.6% | 51.06M▲ 50.5% | 85.17M▲ 66.8% | 98.5M▲ 15.6% | 57.87M▼ 41.2% | 89.27M▲ 54.3% | 79.41M▼ 11.0% | 67.37M▼ 15.2% | 80.67M▲ 0% |
Pretax Margin % | 7.7% | 6.41% | 8.66% | 12.28% | 12.8% | 7.74% | 13.46% | 10.4% | 8.58% | 9.61% |
Income Tax | 1.29M | -70.11M | 11.72M | 6.65M | 14.58M | 7.13M | 6.88M | 9.8M | 13M | 12.32M |
Effective Tax Rate % | 3.06% | -206.65% | 22.95% | 7.81% | 14.8% | 12.32% | 7.71% | 12.34% | 19.3% | 15.28% |
Net Income | 40.91M▲ 0% | 104.04M▲ 154.3% | 39.35M▼ 62.2% | 78.52M▲ 99.6% | 83.92M▲ 6.9% | 50.74M▼ 39.5% | 82.39M▲ 62.4% | 69.61M▼ 15.5% | 54.36M▼ 21.9% | 68.34M▲ 0% |
Net Margin % | 7.46% | 19.64% | 6.67% | 11.32% | 10.9% | 6.78% | 12.42% | 9.12% | 6.93% | 8.14% |
Net Income Growth % | 723.96% | 154.29% | -62.18% | 99.57% | 6.88% | -39.54% | 62.38% | -15.5% | -21.91% | 26.02% |
Net Income (Continuing) | 40.91M | 104.04M | 39.35M | 78.52M | 83.92M | 50.74M | 82.39M | 69.61M | 54.36M | 68.34M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 0.55▲ 0% | 1.38▲ 150.9% | 0.51▼ 63.0% | 0.99▲ 94.1% | 1.06▲ 7.1% | 0.65▼ 38.7% | 1.05▲ 61.5% | 0.89▼ 15.2% | 0.69▼ 22.5% | 0.86▲ 0% |
EPS Growth % | 650% | 150.91% | -63.04% | 94.12% | 7.07% | -38.68% | 61.54% | -15.24% | -22.47% | 25.69% |
EPS (Basic) | 0.57 | 1.42 | 0.52 | 1.02 | 1.08 | 0.65 | 1.06 | 0.90 | 0.70 | - |
Diluted Shares Outstanding | 74.24M | 75.18M | 77.29M | 79M | 79.13M | 78.2M | 78.16M | 78.44M | 78.31M | 79.42M |
Basic Shares Outstanding | 72.29M | 73.48M | 74.99M | 76.68M | 77.79M | 77.58M | 77.37M | 77.34M | 77.35M | 77.83M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
FORM Balance Sheet
FormFactor, Inc. (FORM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 305.85M | 337.82M | 419.04M | 487.07M | 524.04M | 474.55M | 573.78M | 605.13M | 557.05M | 600.81M |
Cash & Short-Term Investments | 140.17M | 149M | 220.87M | 255.03M | 276.06M | 238.14M | 328.32M | 360.02M | 276.24M | 303.28M |
Cash Only | 91.18M | 98.47M | 144.54M | 187.22M | 151.01M | 109.13M | 177.81M | 190.73M | 103.33M | 123.54M |
Short-Term Investments | 48.99M | 50.53M | 76.33M | 67.81M | 125.06M | 129.01M | 150.51M | 169.29M | 171.84M | 179.74M |
Accounts Receivable | 83.76M | 95.33M | 97.87M | 107.6M | 115.54M | 88.14M | 106.76M | 104.29M | 125.42M | 132.16M |
Days Sales Outstanding | 55.74 | 65.69 | 60.6 | 56.62 | 54.79 | 43.01 | 58.76 | 49.85 | 58.31 | 54.99 |
Inventory | 67.85M | 77.71M | 83.26M | 99.23M | 111.55M | 123.16M | 111.69M | 101.68M | 110.88M | 112.88M |
Days Inventory Outstanding | 74.4 | 88.82 | 86.34 | 89.28 | 91.1 | 99.47 | 100.77 | 81.44 | 84.71 | 83.22 |
Other Current Assets | 372K | 849K | 1.98M | 1.9M | 2.23M | 25.12M | 27.02M | 39.13M | 44.52M | 52.49M |
Total Non-Current Assets | 340.72M | 390.4M | 420.84M | 476.14M | 496.48M | 533.68M | 533.01M | 541.09M | 667.31M | 655.04M |
Property, Plant & Equipment | 46.75M | 54.05M | 90.17M | 134.86M | 181.76M | 221.21M | 234.92M | 232.81M | 276.27M | 264.85M |
Fixed Asset Turnover | 11.73x | 9.80x | 6.54x | 5.14x | 4.23x | 3.38x | 2.82x | 3.28x | 2.84x | 3.07x |
Goodwill | 189.92M | 189.21M | 199.2M | 212.76M | 212.3M | 211.44M | 201.09M | 199.17M | 216.03M | 215.41M |
Intangible Assets | 97.48M | 67.64M | 57.61M | 59.15M | 36.34M | 26.75M | 12.94M | 10.36M | 16.3M | 15.48M |
Long-Term Investments | 1.17M | 1.23M | 0 | 0 | 2.1M | 0 | 0 | 0 | 66.75M | 133.71M |
Other Non-Current Assets | 2.26M | 968K | 2.61M | 3.13M | 1.98M | 6.63M | 5.1M | 6.74M | 2.43M | 68.67M |
Total Assets | 646.57M▲ 0% | 728.22M▲ 12.6% | 839.88M▲ 15.3% | 963.22M▲ 14.7% | 1.02B▲ 5.9% | 1.01B▼ 1.2% | 1.11B▲ 9.8% | 1.15B▲ 3.6% | 1.22B▲ 6.8% | 1.26B▲ 0% |
Asset Turnover | 0.85x | 0.73x | 0.70x | 0.72x | 0.75x | 0.74x | 0.60x | 0.67x | 0.64x | 0.69x |
Asset Growth % | 4.29% | 12.63% | 15.33% | 14.68% | 5.95% | -1.2% | 9.78% | 3.56% | 6.82% | 21.9% |
Total Current Liabilities | 92.16M | 102.52M | 136.56M | 154.57M | 148.75M | 149.67M | 131.09M | 131.34M | 123.86M | 132.11M |
Accounts Payable | 35.05M | 40.01M | 40.91M | 62.05M | 57.86M | 69.31M | 63.86M | 62.29M | 47.44M | 54.23M |
Days Payables Outstanding | 38.43 | 45.73 | 42.43 | 55.82 | 47.26 | 55.98 | 57.62 | 49.89 | 36.24 | 41.29 |
Short-Term Debt | 18.44M | 29.84M | 42.85M | 9.52M | 8.93M | 1.04M | 1.07M | 1.11M | 8.8M | 9.47M |
Deferred Revenue (Current) | 4.98M | 4.94M | 9.81M | 20.96M | 23.22M | 29.85M | 16.7M | 15.85M | 20.09M | 84.45M |
Other Current Liabilities | 14.75M | 7.91M | 8.26M | 15.26M | 13.04M | 20.45M | 24.34M | 9.59M | 47.53M | 42.12M |
Current Ratio | 3.32x | 3.30x | 3.07x | 3.15x | 3.52x | 3.17x | 4.38x | 4.61x | 4.50x | 4.55x |
Quick Ratio | 2.58x | 2.54x | 2.46x | 2.51x | 2.77x | 2.35x | 3.52x | 3.83x | 3.60x | 3.69x |
Cash Conversion Cycle | 91.71 | 108.79 | 104.51 | 90.08 | 98.64 | 86.51 | 101.92 | 81.4 | 106.79 | 96.92 |
Total Non-Current Liabilities | 95.78M | 45.54M | 62.33M | 64.56M | 55.99M | 50.28M | 66.89M | 67.1M | 65.18M | 64.94M |
Long-Term Debt | 87.23M | 34.97M | 15.64M | 24.98M | 15.43M | 14.39M | 13.31M | 12.21M | 23.56M | 11.64M |
Capital Lease Obligations | 0 | 0 | 29.09M | 28M | 31.01M | 27.59M | 25.33M | 17.55M | 12.49M | 41.04M |
Deferred Tax Liabilities | 3.38M | 2.35M | 6.99M | 5.35M | 3.62M | 2.73M | 0 | 0 | 1.6M | 3.17M |
Other Non-Current Liabilities | 0 | 0 | 10.61M | 6.24M | 5.92M | 5.57M | 10.25M | 19.34M | 9.45M | 51.73M |
Total Liabilities | 187.94M | 148.06M | 198.88M | 219.13M | 204.74M | 199.94M | 197.99M | 198.45M | 189.04M | 197.05M |
Total Debt | 105.67M | 64.81M | 94.12M | 69.19M | 63.27M | 50.37M | 48.15M | 39.23M | 44.85M | 21.11M |
Net Debt | 14.49M | -33.66M | -50.42M | -118.03M | -87.73M | -58.76M | -129.67M | -151.5M | -58.48M | -102.43M |
Debt / Equity | 0.23x | 0.11x | 0.15x | 0.09x | 0.08x | 0.06x | 0.05x | 0.04x | 0.04x | 0.02x |
Debt / EBITDA | 1.16x | 0.81x | 1.00x | 0.52x | 0.44x | 0.54x | 0.40x | 0.40x | 0.40x | 0.14x |
Net Debt / EBITDA | 0.16x | -0.42x | -0.53x | -0.89x | -0.62x | -0.63x | -1.08x | -1.55x | -0.53x | -0.68x |
Interest Coverage | 10.40x | 11.24x | 27.66x | 99.58x | 164.62x | 100.95x | 213.04x | 190.98x | 123.26x | 252.69x |
Total Equity | 458.64M▲ 0% | 580.16M▲ 26.5% | 641M▲ 10.5% | 744.08M▲ 16.1% | 815.78M▲ 9.6% | 808.28M▼ 0.9% | 908.8M▲ 12.4% | 947.77M▲ 4.3% | 1.04B▲ 9.2% | 1.06B▲ 0% |
Equity Growth % | 14.36% | 26.5% | 10.49% | 16.08% | 9.64% | -0.92% | 12.44% | 4.29% | 9.25% | 29.02% |
Book Value per Share | 6.18 | 7.72 | 8.29 | 9.42 | 10.31 | 10.34 | 11.63 | 12.08 | 13.22 | 13.33 |
Total Shareholders' Equity | 458.64M | 580.16M | 641M | 744.08M | 815.78M | 808.28M | 908.8M | 947.77M | 1.04B | 1.06B |
Common Stock | 73K | 75K | 76K | 78K | 78K | 77K | 77K | 77K | 78K | 78K |
Retained Earnings | -387.57M | -283.59M | -244.24M | -165.72M | -81.79M | -31.06M | 51.33M | 120.94M | 175.31M | 195.69M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 3.02M | 780K | -659K | 5.89M | -1.45M | -5.58M | -4.05M | -10.84M | -3.53M | -7.66M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FORM Cash Flow Statement
FormFactor, Inc. (FORM) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 86.32M | 68.7M | 121.05M | 169.26M | 139.36M | 131.79M | 64.6M | 117.53M | 115.4M | 136.82M |
Operating CF Margin % | 15.74% | 12.97% | 20.54% | 24.4% | 18.11% | 17.62% | 9.74% | 15.39% | 14.7% | - |
Operating CF Growth % | 395.45% | -20.42% | 76.2% | 39.83% | -17.66% | -5.44% | -50.98% | 81.94% | -1.82% | 106.35% |
Net Income | 40.91M | 104.04M | 39.35M | 78.52M | 83.92M | 50.74M | 82.39M | 69.61M | 54.36M | 68.34M |
Depreciation & Amortization | 44.57M | 43.69M | 44.86M | 48.69M | 44.52M | 38.04M | 37.45M | 32.9M | 46.93M | 20.2M |
Stock-Based Compensation | 16.34M | 17.83M | 23.18M | 23.83M | 29.38M | 31.34M | 38.62M | 39.76M | 38.58M | 36.84M |
Deferred Taxes | -590K | -74.91M | 4.95M | -562K | 3.87M | -6.34M | -12.1M | -13.36M | 1.93M | 4.54M |
Other Non-Cash Items | 9.17M | 11.31M | 5.47M | 16.92M | 27.42M | 36.19M | -49.52M | -2.74M | 16.57M | 55.24M |
Working Capital Changes | -24.07M | -33.25M | 3.25M | 1.86M | -49.76M | -18.17M | -32.23M | -8.65M | -42.97M | -48.35M |
Change in Receivables | -10.65M | -13.83M | 481K | -3.54M | -9.09M | 26.03M | -23.3M | -1.92M | -20.16M | -26.45M |
Change in Inventory | -15.63M | -21.3M | -14.29M | -22.19M | -31.66M | -28.78M | -9.49M | -8.26M | -20.66M | -10.47M |
Change in Payables | 741K | 3.05M | -27K | 16.79M | -6.59M | 3.9M | 1.32M | -8.23M | -5.68M | -16.22M |
Cash from Investing | -59.67M | -21.3M | -66.35M | -98.92M | -124.74M | -75.7M | 29.05M | -33.48M | -191.47M | -130.22M |
Capital Expenditures | -17.76M | -19.87M | -20.85M | -55.87M | -66.5M | -65.25M | -56.03M | -38.44M | -103.66M | -100.27M |
CapEx % of Revenue | 3.24% | 3.75% | 3.54% | 8.05% | 8.64% | 8.72% | 8.45% | 5.03% | 13.21% | 11.94% |
Acquisitions | 68K | 94K | -20.52M | -51.8M | 0 | -3.35M | 101.78M | 21.59M | -20.48M | -20.4M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -248K | 23K | -51.08M | 0 | 0 | -1M | 0 | -1.5M | 0 | 0 |
Cash from Financing | -39.47M | -39.33M | -6.58M | -30.93M | -47.2M | -95.93M | -22.71M | -64.61M | -13.63M | -11.87M |
Debt Issued (Net) | -33.13M | -41.25M | -6.65M | -25.42M | -9.34M | -8.4M | -1.04M | -1.07M | -1.11M | -1.11M |
Equity Issued (Net) | 540K | 7.71M | 8.09M | 10.01M | 10.65M | 10.5M | 8.82M | -43.55M | -125K | 6.27M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -18.97M | 0 | 0 | 0 | 0 | 0 | 0 | -53.3M | -26.24M | -4.11M |
Other Financing | -6.88M | -5.79M | -8.03M | -15.53M | -48.52M | -98.03M | -30.49M | -19.98M | -12.4M | -17.02M |
Net Change in Cash | -10.22M▲ 0% | 7.82M▲ 176.5% | 47.39M▲ 506.0% | 43.16M▼ 8.9% | -35.76M▼ 182.8% | -42.36M▼ 18.5% | 68.29M▲ 261.2% | 15.93M▼ 76.7% | -90.16M▼ 665.9% | -6.49M▲ 0% |
Free Cash Flow | 68.57M▲ 0% | 48.83M▼ 28.8% | 100.2M▲ 105.2% | 113.39M▲ 13.2% | 72.87M▼ 35.7% | 66.53M▼ 8.7% | 8.57M▼ 87.1% | 79.1M▲ 822.4% | 11.74M▼ 85.2% | -5.15M▲ 0% |
FCF Margin % | 12.5% | 9.22% | 17% | 16.35% | 9.47% | 8.9% | 1.29% | 10.36% | 1.5% | -0.61% |
FCF Growth % | 1061.76% | -28.78% | 105.2% | 13.16% | -35.74% | -8.7% | -87.11% | 822.43% | -85.16% | -107.99% |
FCF per Share | 0.92 | 0.65 | 1.30 | 1.44 | 0.92 | 0.85 | 0.11 | 1.01 | 0.15 | -0.06 |
FCF Conversion (FCF/Net Income) | 2.11x | 0.66x | 3.08x | 2.16x | 1.66x | 2.60x | 0.78x | 1.69x | 2.12x | -0.08x |
Interest Paid | 3.84M | 3.11M | 1.41M | 867K | 643K | 535K | 422K | 391K | 0 | 184K |
Taxes Paid | 3.17M | 4.58M | 4.32M | 9.15M | 7.96M | 10.92M | 17.39M | 15.58M | 0 | 5.79M |
FORM Key Ratios
FormFactor, Inc. (FORM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.52% | 20.03% | 6.44% | 11.34% | 10.76% | 6.25% | 9.6% | 7.5% | 5.48% | 6.68% |
Return on Invested Capital (ROIC) | 7.62% | 5.31% | 6.55% | 10.33% | 10.86% | 5.57% | 8.12% | 6.17% | 5.43% | 8.34% |
Gross Margin | 39.31% | 39.71% | 40.29% | 41.51% | 41.94% | 39.58% | 39% | 40.33% | 39.14% | 42.11% |
Net Margin | 7.46% | 19.64% | 6.67% | 11.32% | 10.9% | 6.78% | 12.42% | 9.12% | 6.93% | 8.14% |
Debt / Equity | 0.23x | 0.11x | 0.15x | 0.09x | 0.08x | 0.06x | 0.05x | 0.04x | 0.04x | 0.02x |
Interest Coverage | 10.40x | 11.24x | 27.66x | 99.58x | 164.62x | 100.95x | 213.04x | 190.98x | 123.26x | 252.69x |
FCF Conversion | 2.11x | 0.66x | 3.08x | 2.16x | 1.66x | 2.60x | 0.78x | 1.69x | 2.12x | -0.08x |
Revenue Growth | 42.87% | -3.42% | 11.29% | 17.67% | 10.97% | -2.82% | -11.34% | 15.16% | 2.8% | 9.6% |
Related:FORM Dividend History·FORM Revenue History·FORM Price History·FORM P/E History·FORM Financial Ratios·FORM Institutional Holders
FORM SEC Filings & Documents
FormFactor, Inc. (FORM) SEC filings — annual & quarterly reports (10-K, 10-Q)
FORM Frequently Asked Questions
FormFactor, Inc. (FORM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
FormFactor, Inc. (FORM) reported $839.8M in revenue for fiscal year 2025. This represents a 967% increase from $78.7M in 2002.
FormFactor, Inc. (FORM) grew revenue by 2.8% over the past year. Growth has been modest.
Yes, FormFactor, Inc. (FORM) is profitable, generating $68.3M in net income for fiscal year 2025 (6.9% net margin).
Dividend & Returns
FormFactor, Inc. (FORM) has a return on equity (ROE) of 5.5%. This is below average, suggesting room for improvement.
FormFactor, Inc. (FORM) had negative free cash flow of $5.2M in fiscal year 2025, likely due to heavy capital investments.