TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 171.4M
Gross Profit 64.5M 37.65%
Operating Income 3.3M 1.91%
Net Income 6.4M 3.74%
EPS (Diluted) $0.08

Balance Sheet Metrics

Total Assets 1.2B
Total Liabilities 190.3M
Shareholders Equity 965.9M
Debt to Equity 0.20

Cash Flow Metrics

Operating Cash Flow 30.6M
Free Cash Flow 5.0M

Revenue & Profitability Trend

FormFactor Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 763.6M 663.1M 747.9M 769.7M 693.6M
Cost of Goods Sold i 455.7M 404.5M 451.9M 446.9M 405.7M
Gross Profit i 307.9M 258.6M 296.0M 322.8M 287.9M
Gross Margin % i 40.3% 39.0% 39.6% 41.9% 41.5%
Operating Expenses
Research & Development i 121.9M 115.8M 109.2M 100.9M 89.0M
Selling, General & Administrative i 141.8M 133.0M 131.9M 123.8M 115.1M
Other Operating Expenses i - - - - -
Total Operating Expenses i 263.7M 248.8M 241.1M 224.7M 204.1M
Operating Income i 44.2M 9.8M 54.9M 98.0M 83.8M
Operating Margin % i 5.8% 1.5% 7.3% 12.7% 12.1%
Non-Operating Items
Interest Income i 14.1M 7.2M 2.2M 569.0K 1.5M
Interest Expense i 418.0K 421.0K 579.0K 602.0K 864.0K
Other Non-Operating Income 21.5M 72.7M 1.3M 495.0K 750.0K
Pre-tax Income i 79.4M 89.3M 57.9M 98.5M 85.2M
Income Tax i 9.8M 6.9M 7.1M 14.6M 6.7M
Effective Tax Rate % i 12.3% 7.7% 12.3% 14.8% 7.8%
Net Income i 69.6M 82.4M 50.7M 83.9M 78.5M
Net Margin % i 9.1% 12.4% 6.8% 10.9% 11.3%
Key Metrics
EBITDA i 92.2M 54.2M 96.5M 143.6M 134.7M
EPS (Basic) i $0.90 $1.06 $0.65 $1.08 $1.02
EPS (Diluted) i $0.89 $1.05 $0.65 $1.06 $0.99
Basic Shares Outstanding i 77340000 77370000 77578000 77787000 76681000
Diluted Shares Outstanding i 77340000 77370000 77578000 77787000 76681000

Income Statement Trend

FormFactor Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 190.7M 177.8M 109.1M 151.0M 187.2M
Short-term Investments i 169.3M 150.5M 129.0M 125.1M 67.8M
Accounts Receivable i 104.3M 103.0M 88.1M 115.5M 107.6M
Inventory i 101.7M 111.7M 123.2M 111.5M 99.2M
Other Current Assets 35.4M 29.7M 23.9M 18.7M -
Total Current Assets i 605.1M 573.8M 474.6M 524.0M 487.1M
Non-Current Assets
Property, Plant & Equipment i 22.6M 30.5M 31.4M 35.2M 30.8M
Goodwill i 408.7M 415.1M 449.6M 460.9M 484.7M
Intangible Assets i 10.4M 12.9M 26.8M 36.3M 59.1M
Long-term Investments - - - - -
Other Non-Current Assets 98.8M 84.1M 74.3M 66.1M 69.4M
Total Non-Current Assets i 541.1M 533.0M 533.7M 496.5M 476.1M
Total Assets i 1.1B 1.1B 1.0B 1.0B 963.2M
Liabilities
Current Liabilities
Accounts Payable i 62.3M 63.9M 69.3M 57.9M 62.0M
Short-term Debt i 9.5M 9.5M 8.4M 16.8M 16.2M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 131.3M 131.1M 149.7M 148.8M 154.6M
Non-Current Liabilities
Long-term Debt i 29.8M 38.6M 42.0M 46.4M 53.0M
Deferred Tax Liabilities i - 0 2.7M 3.6M 5.3M
Other Non-Current Liabilities 19.3M 10.2M 5.6M 5.9M 6.2M
Total Non-Current Liabilities i 67.1M 66.9M 50.3M 56.0M 64.6M
Total Liabilities i 198.4M 198.0M 199.9M 204.7M 219.1M
Equity
Common Stock i 77.0K 77.0K 77.0K 78.0K 78.0K
Retained Earnings i 120.9M 51.3M -31.1M -81.8M -165.7M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 947.8M 908.8M 808.3M 815.8M 744.1M
Key Metrics
Total Debt i 39.2M 48.1M 50.4M 63.3M 69.2M
Working Capital i 473.8M 442.7M 324.9M 375.3M 332.5M

Balance Sheet Composition

FormFactor Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 69.6M 82.4M 50.7M 83.9M 78.5M
Depreciation & Amortization i 32.9M 37.5M 38.0M 44.5M 48.7M
Stock-Based Compensation i 39.8M 38.6M 31.3M 29.4M 23.8M
Working Capital Changes i -12.9M -26.8M -5.6M -52.8M -5.8M
Operating Cash Flow i 116.5M 120.1M 108.9M 111.1M 148.6M
Investing Activities
Capital Expenditures i -38.4M -56.0M -65.3M -66.5M -55.9M
Acquisitions i 21.6M 101.8M -3.4M 0 -51.8M
Investment Purchases i -139.1M -135.5M -101.9M -150.0M -51.2M
Investment Sales i 124.0M 118.8M 95.8M 91.7M 60.0M
Investing Cash Flow i -33.5M 29.0M -75.7M -124.7M -98.9M
Financing Activities
Share Repurchases i - -19.8M -82.3M -24.0M 0
Dividends Paid i - - - - -
Debt Issuance i - - 0 0 18.0M
Debt Repayment i -1.1M -1.0M -8.4M -9.3M -43.4M
Financing Cash Flow i -11.3M -22.7M -95.9M -47.2M -30.9M
Free Cash Flow i 79.1M 8.6M 66.5M 72.9M 113.4M
Net Change in Cash i 71.7M 126.4M -62.8M -60.8M 18.7M

Cash Flow Trend

FormFactor Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 68.12
Forward P/E 23.25
Price to Book 3.02
Price to Sales 4.29
PEG Ratio -1.31

Profitability Ratios

Profit Margin 5.75%
Operating Margin 6.29%
Return on Equity 4.53%
Return on Assets 2.21%

Financial Health

Current Ratio 4.24
Debt to Equity 3.63
Beta 1.28

Per Share Data

EPS (TTM) $0.57
Book Value per Share $12.84
Revenue per Share $9.89

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
form 3.2B 68.12 3.02 4.53% 5.75% 3.63
Lam Research 191.0B 33.82 18.06 58.24% 29.07% 48.23
Applied Materials 168.5B 25.25 8.64 35.63% 23.88% 34.67
Amkor Technology 7.4B 24.39 1.75 7.35% 4.80% 42.84
Onto Innovation 7.3B 33.44 3.37 10.53% 19.29% 0.68
Camtek 5.1B 41.10 8.15 24.28% 28.36% 32.03

Financial data is updated regularly. All figures are in the company's reporting currency.