
FormFactor (FORM) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income 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 | 763.6M | 663.1M | 747.9M | 769.7M | 693.6M |
Cost of Goods Sold | 455.7M | 404.5M | 451.9M | 446.9M | 405.7M |
Gross Profit | 307.9M | 258.6M | 296.0M | 322.8M | 287.9M |
Gross Margin % | 40.3% | 39.0% | 39.6% | 41.9% | 41.5% |
Operating Expenses | |||||
Research & Development | 121.9M | 115.8M | 109.2M | 100.9M | 89.0M |
Selling, General & Administrative | 141.8M | 133.0M | 131.9M | 123.8M | 115.1M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 263.7M | 248.8M | 241.1M | 224.7M | 204.1M |
Operating Income | 44.2M | 9.8M | 54.9M | 98.0M | 83.8M |
Operating Margin % | 5.8% | 1.5% | 7.3% | 12.7% | 12.1% |
Non-Operating Items | |||||
Interest Income | 14.1M | 7.2M | 2.2M | 569.0K | 1.5M |
Interest Expense | 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 | 79.4M | 89.3M | 57.9M | 98.5M | 85.2M |
Income Tax | 9.8M | 6.9M | 7.1M | 14.6M | 6.7M |
Effective Tax Rate % | 12.3% | 7.7% | 12.3% | 14.8% | 7.8% |
Net Income | 69.6M | 82.4M | 50.7M | 83.9M | 78.5M |
Net Margin % | 9.1% | 12.4% | 6.8% | 10.9% | 11.3% |
Key Metrics | |||||
EBITDA | 92.2M | 54.2M | 96.5M | 143.6M | 134.7M |
EPS (Basic) | $0.90 | $1.06 | $0.65 | $1.08 | $1.02 |
EPS (Diluted) | $0.89 | $1.05 | $0.65 | $1.06 | $0.99 |
Basic Shares Outstanding | 77340000 | 77370000 | 77578000 | 77787000 | 76681000 |
Diluted Shares Outstanding | 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 | 190.7M | 177.8M | 109.1M | 151.0M | 187.2M |
Short-term Investments | 169.3M | 150.5M | 129.0M | 125.1M | 67.8M |
Accounts Receivable | 104.3M | 103.0M | 88.1M | 115.5M | 107.6M |
Inventory | 101.7M | 111.7M | 123.2M | 111.5M | 99.2M |
Other Current Assets | 35.4M | 29.7M | 23.9M | 18.7M | - |
Total Current Assets | 605.1M | 573.8M | 474.6M | 524.0M | 487.1M |
Non-Current Assets | |||||
Property, Plant & Equipment | 22.6M | 30.5M | 31.4M | 35.2M | 30.8M |
Goodwill | 408.7M | 415.1M | 449.6M | 460.9M | 484.7M |
Intangible Assets | 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 | 541.1M | 533.0M | 533.7M | 496.5M | 476.1M |
Total Assets | 1.1B | 1.1B | 1.0B | 1.0B | 963.2M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 62.3M | 63.9M | 69.3M | 57.9M | 62.0M |
Short-term Debt | 9.5M | 9.5M | 8.4M | 16.8M | 16.2M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | 131.3M | 131.1M | 149.7M | 148.8M | 154.6M |
Non-Current Liabilities | |||||
Long-term Debt | 29.8M | 38.6M | 42.0M | 46.4M | 53.0M |
Deferred Tax Liabilities | - | 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 | 67.1M | 66.9M | 50.3M | 56.0M | 64.6M |
Total Liabilities | 198.4M | 198.0M | 199.9M | 204.7M | 219.1M |
Equity | |||||
Common Stock | 77.0K | 77.0K | 77.0K | 78.0K | 78.0K |
Retained Earnings | 120.9M | 51.3M | -31.1M | -81.8M | -165.7M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 947.8M | 908.8M | 808.3M | 815.8M | 744.1M |
Key Metrics | |||||
Total Debt | 39.2M | 48.1M | 50.4M | 63.3M | 69.2M |
Working Capital | 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 | 69.6M | 82.4M | 50.7M | 83.9M | 78.5M |
Depreciation & Amortization | 32.9M | 37.5M | 38.0M | 44.5M | 48.7M |
Stock-Based Compensation | 39.8M | 38.6M | 31.3M | 29.4M | 23.8M |
Working Capital Changes | -12.9M | -26.8M | -5.6M | -52.8M | -5.8M |
Operating Cash Flow | 116.5M | 120.1M | 108.9M | 111.1M | 148.6M |
Investing Activities | |||||
Capital Expenditures | -38.4M | -56.0M | -65.3M | -66.5M | -55.9M |
Acquisitions | 21.6M | 101.8M | -3.4M | 0 | -51.8M |
Investment Purchases | -139.1M | -135.5M | -101.9M | -150.0M | -51.2M |
Investment Sales | 124.0M | 118.8M | 95.8M | 91.7M | 60.0M |
Investing Cash Flow | -33.5M | 29.0M | -75.7M | -124.7M | -98.9M |
Financing Activities | |||||
Share Repurchases | - | -19.8M | -82.3M | -24.0M | 0 |
Dividends Paid | - | - | - | - | - |
Debt Issuance | - | - | 0 | 0 | 18.0M |
Debt Repayment | -1.1M | -1.0M | -8.4M | -9.3M | -43.4M |
Financing Cash Flow | -11.3M | -22.7M | -95.9M | -47.2M | -30.9M |
Free Cash Flow | 79.1M | 8.6M | 66.5M | 72.9M | 113.4M |
Net Change in Cash | 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.