Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
FormFactor, Inc.'s quarterly P/E stands at 50.1x, down 45.4% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 111.10 | 50.05 | 44.10 | 72.73 | 89.50 | 91.67 | 48.23 | 60.53 | 40.74 | 10.75 | 156.82 | 799.53 | 457.61 |
| — | -45.4% | -8.6% | +20.2% | +119.7% | +752.7% | -69.2% | -92.4% | -91.1% | — | +34.1% | +2968.1% | +1512.0% | |
| P/S Ratio | 9.99 | 5.32 | 3.38 | 3.46 | 3.25 | 4.53 | 4.37 | 6.03 | 5.31 | 4.86 | 3.99 | 4.26 | 3.67 |
| — | +17.5% | -22.5% | -42.6% | -38.7% | -6.9% | +9.4% | +41.6% | +44.5% | +88.7% | +41.9% | +10.7% | -15.5% | |
| P/B Ratio | 8.18 | 4.42 | 2.72 | 2.74 | 2.31 | 3.62 | 3.80 | 5.03 | 3.88 | 3.60 | 3.26 | 3.18 | 2.98 |
| — | +22.2% | -28.6% | -45.5% | -40.4% | +0.6% | +16.7% | +57.9% | +29.9% | +70.0% | +29.5% | -15.8% | -26.3% | |
| P/FCF | 96.40 | 33.02 | 35.18 | — | 112.54 | 30.36 | 51.03 | 88.37 | 45.74 | — | 46.74 | 332.67 | — |
| — | +8.8% | -31.1% | — | +146.1% | — | +9.2% | -73.4% | — | — | +40.9% | +1093.3% | — | |
| EV / EBITDA | 76.51 | 47.86 | 24.10 | 30.66 | 44.18 | 49.29 | 33.38 | 44.72 | 29.53 | 9.32 | 57.03 | 94.04 | 51.23 |
| — | -2.9% | -27.8% | -31.4% | +49.6% | +428.8% | -41.5% | -52.4% | -42.4% | — | +124.1% | +418.7% | +167.7% | |
| EV / EBIT | 115.37 | — | 32.78 | 54.48 | 163.52 | 18.86 | 48.85 | 66.03 | 833.58 | 9.02 | 247.39 | — | 6606.64 |
| — | — | -32.9% | -17.5% | -80.4% | +109.0% | -80.3% | — | -87.4% | — | +105.0% | — | +27017.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
FormFactor, Inc.'s operating margin was 10.9% in Q4 2025, up 2.0 pp QoQ and up 6.8 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 7.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 8.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.3% | 42.2% | 39.8% | 37.3% | 37.7% | 38.8% | 40.7% | 44.0% | 37.2% | 40.4% | 40.4% | 38.7% | 36.5% |
| — | +8.6% | -2.4% | -15.3% | +1.3% | -3.9% | +0.9% | +13.8% | +1.9% | +48.3% | +17.4% | -16.5% | -23.7% | |
| Operating Margin | 8.5% | 10.9% | 8.9% | 6.3% | 1.9% | 4.1% | 8.6% | 9.0% | 12.6% | 48.3% | 1.6% | -0.8% | 0.1% |
| — | +163.5% | +3.4% | -30.2% | -84.9% | -91.4% | +444.3% | +1169.5% | +23152.1% | +603.1% | -29.1% | -105.3% | -99.7% | |
| Net Margin | 9.1% | 10.8% | 7.1% | 4.6% | 3.7% | 5.1% | 9.0% | 9.8% | 12.9% | 45.1% | 2.5% | 0.5% | 0.8% |
| — | +110.7% | -20.7% | -52.7% | -71.1% | -88.6% | +253.7% | +1749.0% | +1510.8% | +645.4% | +5.9% | -96.4% | -94.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 2.3% | 1.4% | 0.9% | 0.7% | 1.0% | 2.0% | 2.1% | 2.4% | 8.7% | 0.5% | 0.1% | 0.2% |
| — | +122.6% | -26.4% | -55.2% | -71.9% | -88.2% | +277.3% | +1976.4% | +1345.9% | +610.5% | -1.8% | -97.2% | -95.4% | |
| ROA | 6.2% | 1.9% | 1.2% | 0.8% | 0.6% | 0.8% | 1.6% | 1.7% | 2.0% | 7.1% | 0.4% | 0.1% | 0.1% |
| — | +126.7% | -25.1% | -54.4% | -71.6% | -88.1% | +281.9% | +2003.7% | +1378.8% | +624.3% | +0.8% | -97.2% | -95.4% | |
| ROIC | 6.2% | 1.9% | 1.4% | 1.0% | 0.3% | 0.7% | 1.7% | 1.7% | 2.0% | 7.8% | 0.3% | -0.1% | 0.0% |
| — | +153.5% | -14.8% | -40.3% | -85.6% | -90.6% | +542.1% | +1433.7% | +22879.8% | +590.6% | -36.0% | -103.9% | -99.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
FormFactor, Inc.'s Debt/EBITDA ratio is 0.9x, down from 1.2x last quarter — comfortably within a safe range. Debt/Equity has declined for 12 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.02 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 |
| — | -50.3% | -24.9% | -21.0% | -21.7% | -21.9% | -22.9% | -22.2% | -27.8% | -25.8% | -13.3% | -14.0% | -16.3% | |
| Debt / EBITDA | 0.40 | 0.91 | 1.20 | 1.64 | 3.10 | 2.36 | 1.60 | 1.69 | 1.57 | 0.57 | 4.07 | 7.10 | 4.82 |
| — | -61.6% | -25.3% | -2.7% | +97.1% | +312.6% | -60.6% | -76.2% | -67.4% | — | +48.4% | +425.6% | +202.3% | |
| Current Ratio | 4.61 | 4.50 | 4.30 | 4.24 | 4.44 | 4.61 | 4.76 | 4.46 | 4.51 | 4.38 | 3.91 | 3.85 | 3.75 |
| — | -2.4% | -9.7% | -5.1% | -1.4% | +5.3% | +21.7% | +15.8% | +20.1% | +38.0% | +24.0% | +14.5% | +4.3% | |
| Quick Ratio | 3.83 | 3.60 | 3.46 | 3.34 | 3.56 | 3.83 | 3.94 | 3.64 | 3.67 | 3.52 | 3.05 | 2.88 | 2.84 |
| — | -6.0% | -12.2% | -8.1% | -3.2% | +8.7% | +29.3% | +26.1% | +29.3% | +50.1% | +29.9% | +16.9% | +2.1% | |
| Interest Coverage | 154.98 | — | — | — | — | 18.78 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonFormFactor, Inc.'s current P/E is 111.1x. The average P/E over the last 4 quarters is 64.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
FormFactor, Inc.'s current operating margin is 8.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking FormFactor, Inc.'s business trajectory between earnings reports.