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FormFactor (FORM) Financials

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$28.14 +0.23 (+0.82%)
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Annual Income Statements for FormFactor

Annual Income Statements for FormFactor

This table shows FormFactor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -19 -1.52 -6.56 41 104 39 79 84 51 82 70
Consolidated Net Income / (Loss)		 -19 -1.52 -6.56 41 104 39 79 84 51 82 70
Net Income / (Loss) Continuing Operations		 -19 -1.52 -6.56 41 104 39 79 84 51 82 70
Total Pre-Tax Income 		-20 -1.27 -50 42 34 51 85 99 58 89 79
Total Operating Income		 -21 -4.10 -48 46 36 50 84 98 55 83 65
Total Gross Profit		 77 86 103 216 210 237 288 323 296 259 308
Total Revenue		 269 282 384 548 530 589 694 770 748 663 764
Operating Revenue		 269 282 384 548 530 589 694 770 748 663 764
Total Cost of Revenue		 191 197 281 333 319 352 406 447 452 405 456
Operating Cost of Revenue		 191 197 281 333 319 352 406 447 452 405 456
Total Operating Expenses		 98 90 151 169 174 188 204 225 241 249 264
Selling, General & Admin Expense		 51 45 73 95 99 106 115 124 132 133 142
Research & Development Expense		 43 44 57 74 75 81 89 101 109 116 122
Other Operating Expenses / (Income)		 - - - - - - - 0.00 0.00 -73 -21
Total Other Income / (Expense), net		 0.46 2.83 -2.29 -4.10 -2.18 1.40 1.39 0.46 2.96 6.51 15
Interest Expense		 - 0.00 2.39 4.49 3.31 1.92 0.86 0.60 0.58 0.42 0.42
Interest & Investment Income		 0.30 0.28 0.33 0.55 1.36 2.71 1.50 0.57 2.22 7.22 14
Other Income / (Expense), net		 0.16 2.55 -0.22 -0.15 -0.22 0.60 0.75 0.50 1.32 -0.29 0.94
Income Tax Expense		 -0.91 0.25 -44 1.29 -70 12 6.65 15 7.13 6.88 9.80
Basic Earnings per Share		 ($0.34) ($0.03) ($0.10) $0.57 $1.42 $0.52 $1.02 $1.08 $0.65 $1.06 $0.90
Weighted Average Basic Shares Outstanding		 55.91M 57.85M 64.94M 72.29M 73.48M 74.99M 76.68M 77.79M 77.58M 77.37M 77.34M
Diluted Earnings per Share		 ($0.34) ($0.03) ($0.10) $0.55 $1.38 $0.51 $0.99 $1.06 $0.65 $1.05 $0.89
Weighted Average Diluted Shares Outstanding		 55.91M 57.85M 64.94M 74.24M 75.18M 77.29M 79.00M 79.13M 78.20M 78.16M 78.44M
Weighted Average Basic & Diluted Shares Outstanding		 55.91M 57.85M 65.60M 71.80M 73.30M 76.15M 77.75M 78.33M 77.14M 77.60M 77.57M

Quarterly Income Statements for FormFactor

This table shows FormFactor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 4.35 -14 1.34 0.83 4.37 76 22 19 19 9.71
Consolidated Net Income / (Loss)		 4.35 -14 1.34 0.83 4.37 76 22 19 19 9.71
Net Income / (Loss) Continuing Operations		 4.35 -14 1.34 0.83 4.37 76 22 19 19 9.71
Total Pre-Tax Income 		5.63 -15 1.39 0.62 5.16 82 25 22 21 12
Total Operating Income		 4.03 -16 0.09 -1.31 2.71 81 21 18 18 7.85
Total Gross Profit		 62 45 61 60 69 68 63 87 85 74
Total Revenue		 181 166 167 156 172 168 169 197 208 189
Operating Revenue		 181 166 167 156 172 168 169 197 208 189
Total Cost of Revenue		 119 121 106 96 102 100 106 111 123 116
Operating Cost of Revenue		 119 121 106 96 102 100 106 111 123 116
Total Operating Expenses		 58 61 61 62 67 60 62 69 67 66
Selling, General & Admin Expense		 32 34 33 33 36 31 33 38 36 35
Research & Development Expense		 27 27 28 28 31 28 29 32 31 31
Total Other Income / (Expense), net		 1.60 0.49 1.30 1.93 2.45 0.83 3.68 4.09 3.09 3.78
Interest Expense		 -0.56 1.26 -1.28 -1.48 -1.66 4.84 -3.16 -3.42 -3.65 11
Other Income / (Expense), net		 1.04 -0.47 0.02 0.45 0.79 -1.55 0.52 0.67 -0.56 0.31
Income Tax Expense		 1.27 -1.73 0.05 -0.21 0.79 6.25 3.20 2.16 2.21 2.23
Basic Earnings per Share		 $0.06 ($0.18) $0.02 $0.01 $0.06 $0.97 $0.28 $0.25 $0.24 $0.13
Weighted Average Basic Shares Outstanding		 77.25M 77.58M 77.07M 77.16M 77.57M 77.37M 77.45M 77.24M 77.41M 77.34M
Diluted Earnings per Share		 $0.06 ($0.17) $0.02 $0.01 $0.06 $0.96 $0.28 $0.25 $0.24 $0.12
Weighted Average Diluted Shares Outstanding		 77.69M 78.20M 77.26M 77.62M 78.41M 78.16M 78.49M 78.72M 78.44M 78.44M
Weighted Average Basic & Diluted Shares Outstanding		 77.03M 77.14M 77.14M 77.66M 77.84M 77.60M 77.17M 77.39M 77.45M 77.57M

Annual Cash Flow Statements for FormFactor

This table details how cash moves in and out of FormFactor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 55 32 -44 -9.87 7.82 47 43 -36 -42 68 16
Net Cash From Operating Activities		 18 36 17 86 69 121 169 139 132 65 118
Net Cash From Continuing Operating Activities		 18 36 17 86 69 121 169 139 132 65 118
Net Income / (Loss) Continuing Operations		 -19 -1.52 -6.56 41 104 39 79 84 51 82 70
Consolidated Net Income / (Loss)		 -19 -1.52 -6.56 41 104 39 79 84 51 82 70
Depreciation Expense		 30 11 11 14 14 17 21 26 29 31 30
Amortization Expense		 0.21 13 46 32 30 28 29 20 10 4.52 -0.66
Non-Cash Adjustments To Reconcile Net Income		 25 17 31 24 29 40 43 56 67 -8.58 40
Changes in Operating Assets and Liabilities, net		 -19 -3.41 -64 -25 -108 -3.29 -1.58 -46 -25 -44 -22
Net Cash From Investing Activities		 37 1.13 -206 -59 -21 -66 -99 -125 -76 29 -33
Net Cash From Continuing Investing Activities		 37 1.13 -206 -59 -21 -66 -99 -125 -76 29 -33
Purchase of Property, Plant & Equipment		 -5.67 -8.64 -12 -18 -20 -21 -56 -66 -65 -56 -38
Acquisitions		 0.00 0.00 -228 0.00 0.00 -21 -52 0.00 -3.35 0.00 0.00
Purchase of Investments		 -32 -66 -11 -51 -31 -76 -51 -150 -102 -135 -139
Divestitures		 0.12 0.05 0.05 0.07 0.09 0.13 0.08 0.00 0.00 102 22
Sale and/or Maturity of Investments		 73 75 45 9.00 29 51 60 92 96 119 124
Other Investing Activities, net		 0.00 0.00 - - - - 0.00 0.00 -1.00 0.00 -1.50
Net Cash From Financing Activities		 2.54 -4.79 144 -39 -39 -6.58 -31 -47 -96 -23 -65
Net Cash From Continuing Financing Activities		 2.54 -4.79 144 -39 -39 -6.58 -31 -47 -96 -23 -65
Repayment of Debt		 -0.27 0.00 -12 -33 -41 -30 -43 -9.34 -8.40 -1.05 -1.08
Repurchase of Common Equity		 0.00 -8.21 0.00 -19 - 0.00 0.00 -24 -82 -20 -53
Issuance of Common Equity		 2.81 3.42 5.75 20 7.71 8.09 10 11 10 8.82 9.75
Other Financing Activities, net		 - 0.00 0.00 -6.89 -5.79 -8.03 -15 -24 -16 -11 -20
Effect of Exchange Rate Changes		 -2.80 -0.14 0.40 2.70 -0.26 -0.73 3.76 - -2.51 -2.65 -3.51
Cash Interest Paid		 0.00 0.00 2.11 3.84 3.11 1.41 0.87 0.64 0.54 0.42 0.39
Cash Income Taxes Paid		 0.95 0.03 2.57 3.17 4.58 4.32 9.15 7.96 11 17 16

Quarterly Cash Flow Statements for FormFactor

This table details how cash moves in and out of FormFactor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -17 -11 -15 -13 14 82 13 9.57 -13 6.72
Net Cash From Operating Activities		 24 21 12 22 21 9.25 33 22 27 36
Net Cash From Continuing Operating Activities		 24 21 -5.69 22 21 27 33 22 27 36
Net Income / (Loss) Continuing Operations		 4.35 -14 1.34 0.83 4.37 76 22 19 19 9.71
Consolidated Net Income / (Loss)		 4.35 -14 1.34 0.83 4.37 76 22 19 19 9.71
Depreciation Expense		 7.04 7.46 7.58 7.55 7.76 7.72 7.19 7.37 7.63 8.12
Amortization Expense		 2.35 2.99 2.38 2.39 1.28 -1.52 0.64 0.64 0.64 -2.58
Non-Cash Adjustments To Reconcile Net Income		 21 23 14 13 15 -50 -5.31 15 15 16
Changes in Operating Assets and Liabilities, net		 -10 1.00 -31 -1.03 -7.57 -4.52 8.70 -20 -15 4.55
Net Cash From Investing Activities		 -11 -24 -14 -35 -1.53 79 -3.82 -6.14 -16 -7.33
Net Cash From Continuing Investing Activities		 -11 -24 -14 -35 -1.53 79 -3.82 -6.14 -16 -7.33
Purchase of Property, Plant & Equipment		 -8.91 -26 -20 -20 -5.92 -9.93 -13 -8.40 -8.94 -7.66
Purchase of Investments		 -28 -22 -27 -39 -30 -39 -37 -41 -31 -29
Sale and/or Maturity of Investments		 26 24 33 25 35 26 26 43 25 30
Net Cash From Financing Activities		 -28 -11 4.38 -0.33 -5.36 -21 -14 -4.93 -27 -18
Net Cash From Continuing Financing Activities		 -28 -11 4.38 -0.33 -5.36 -21 -14 -4.93 -27 -18
Repayment of Debt		 -2.04 -1.98 -0.26 -0.26 -0.26 -0.26 -0.27 -0.27 -0.27 -0.27
Repurchase of Common Equity		 -19 -8.85 0.00 - - -20 -17 -2.94 -17 -16
Other Financing Activities, net		 -11 -0.14 -0.39 -0.07 -8.89 -1.34 -1.84 -1.73 -14 -1.99
Effect of Exchange Rate Changes		 - - - - - - -1.59 -1.23 2.83 -3.51
Cash Interest Paid		 0.16 0.08 0.11 0.11 0.11 0.11 0.10 0.10 0.10 0.09
Cash Income Taxes Paid		 3.44 1.01 7.39 2.04 2.64 5.32 1.42 5.50 6.19 2.47

Annual Balance Sheets for FormFactor

This table presents FormFactor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 344 343 619 647 728 840 963 1,021 1,008 1,107 1,146
Total Current Assets		 244 258 255 306 338 419 487 524 475 574 605
Cash & Equivalents		 114 146 101 91 98 145 187 151 109 178 191
Restricted Cash		 - 0.00 0.11 0.37 0.85 1.98 1.90 2.23 1.22 1.15 3.75
Short-Term Investments		 50 41 7.50 49 51 76 68 125 129 151 169
Accounts Receivable		 45 37 70 82 95 98 108 116 88 103 104
Inventories, net		 26 27 60 68 78 83 99 112 123 112 102
Prepaid Expenses		 6.92 6.48 14 14 15 15 23 19 24 30 35
Plant, Property, & Equipment, net		 25 24 43 47 54 59 104 147 190 204 210
Total Noncurrent Assets		 74 61 322 294 336 362 372 350 344 329 331
Goodwill		 31 31 188 190 189 199 213 212 211 201 199
Intangible Assets		 39 26 127 97 68 58 59 36 27 13 10
Noncurrent Deferred & Refundable Income Taxes		 3.47 3.28 3.31 3.13 77 71 66 62 68 79 92
Other Noncurrent Operating Assets		 1.15 0.85 2.60 2.26 0.97 33 32 37 35 33 27
Other Noncurrent Nonoperating Assets		 0.44 0.44 1.08 1.17 1.23 1.41 1.97 2.10 2.63 2.31 2.73
Total Liabilities & Shareholders' Equity		 344 343 619 647 728 840 963 1,021 1,008 1,107 1,146
Total Liabilities		 55 48 218 188 148 199 219 205 200 198 198
Total Current Liabilities		 48 44 83 92 103 137 155 149 150 131 131
Short-Term Debt		 - 0.00 13 18 30 43 9.52 8.93 1.05 1.08 1.11
Accounts Payable		 20 18 34 35 40 41 62 58 69 64 62
Accrued Expenses		 21 22 30 34 28 36 55 51 42 41 44
Current Deferred Revenue		 6.30 3.89 5.31 4.98 4.94 9.81 21 23 30 17 16
Other Current Liabilities		 - - - - 0.00 6.55 6.70 7.90 7.35 8.42 8.36
Total Noncurrent Liabilities		 6.95 4.46 135 96 46 62 65 56 50 67 67
Long-Term Debt		 - - 125 87 35 16 25 15 14 13 12
Noncurrent Deferred Revenue		 4.74 4.46 6.04 5.17 8.21 11 6.24 5.92 5.57 10 19
Other Noncurrent Operating Liabilities		 - - - - 0.00 29 28 31 28 43 36
Total Equity & Noncontrolling Interests		 289 295 401 459 580 641 744 816 808 909 948
Total Preferred & Common Equity		 289 295 401 459 580 641 744 816 808 909 948
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 289 295 401 459 580 641 744 816 808 909 948
Common Stock		 712 719 833 843 863 886 904 899 845 862 838
Retained Earnings		 -421 -422 -429 -388 -284 -244 -166 -82 -31 51 121
Accumulated Other Comprehensive Income / (Loss)		 -1.76 -2.22 -3.74 3.02 0.78 -0.66 5.89 -1.45 -5.58 -4.05 -11

Quarterly Balance Sheets for FormFactor

This table presents FormFactor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 1,022 1,020 1,025 1,033 1,120 1,156 1,154
Total Current Assets		 516 481 478 507 588 621 615
Cash & Equivalents		 121 112 98 109 186 196 185
Restricted Cash		 1.26 1.21 1.14 1.17 5.87 5.94 3.77
Short-Term Investments		 131 124 139 136 163 162 170
Accounts Receivable		 110 104 94 89 96 113 117
Inventories, net		 132 117 120 112 109 115 105
Prepaid Expenses		 21 23 26 27 28 29 34
Plant, Property, & Equipment, net		 163 198 205 204 206 204 204
Total Noncurrent Assets		 343 341 342 323 326 332 335
Goodwill		 209 212 212 200 200 200 200
Intangible Assets		 28 24 22 14 12 12 11
Noncurrent Deferred & Refundable Income Taxes		 68 68 71 74 80 89 93
Other Noncurrent Operating Assets		 36 34 35 33 31 29 29
Other Noncurrent Nonoperating Assets		 1.84 2.29 2.27 2.15 2.22 2.10 2.21
Total Liabilities & Shareholders' Equity		 1,022 1,020 1,025 1,033 1,120 1,156 1,154
Total Liabilities		 214 195 191 192 196 208 199
Total Current Liabilities		 164 128 124 130 131 139 129
Short-Term Debt		 2.73 1.14 1.15 1.07 1.08 1.09 1.10
Accounts Payable		 75 64 64 62 66 62 52
Accrued Expenses		 46 32 31 36 38 50 47
Current Deferred Revenue		 32 24 20 14 18 18 21
Other Current Liabilities		 7.70 7.51 7.87 8.01 8.25 8.24 8.51
Total Noncurrent Liabilities		 50 67 67 63 65 69 70
Long-Term Debt		 15 14 14 14 13 13 12
Noncurrent Deferred Revenue		 5.56 5.87 5.85 5.75 11 17 19
Other Noncurrent Operating Liabilities		 28 44 44 43 41 39 38
Redeemable Noncontrolling Interest		 - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 808 824 834 841 924 948 955
Total Preferred & Common Equity		 808 824 834 841 924 948 955
Total Common Equity		 808 824 834 841 924 948 955
Common Stock		 844 858 868 874 857 863 846
Retained Earnings		 -17 -30 -29 -25 73 93 111
Accumulated Other Comprehensive Income / (Loss)		 -18 -4.19 -4.45 -8.51 -6.77 -7.95 -1.77

Annual Metrics and Ratios for FormFactor

This table displays calculated financial ratios and metrics derived from FormFactor's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.98% 5.15% 35.96% 42.87% -3.42% 11.29% 17.67% 10.97% -2.82% -11.34% 15.16%
EBITDA Growth		 135.41% 115.56% -59.63% 925.55% -13.04% 19.30% 40.55% 7.55% -34.16% 23.89% -18.89%
EBIT Growth		 65.11% 92.38% -2,997.23% 195.88% -22.24% 40.07% 68.19% 16.55% -42.93% 46.67% -20.31%
NOPAT Growth		 65.03% 80.04% -1,067.61% 233.84% 146.70% -65.44% 101.86% 8.14% -42.36% 58.64% -25.65%
Net Income Growth		 66.74% 92.06% -330.53% 723.96% 154.29% -62.18% 99.57% 6.88% -39.54% 62.38% -15.50%
EPS Growth		 67.92% 91.18% -233.33% 650.00% 150.91% -63.04% 94.12% 7.07% -38.68% 61.54% -15.24%
Operating Cash Flow Growth		 404.36% 104.55% -51.77% 395.45% -20.42% 76.20% 39.83% -17.66% -5.44% -50.98% 81.94%
Free Cash Flow Firm Growth		 110.76% 1,571.62% -2,095.29% 114.45% -23.34% 44.45% -42.42% 32.51% -39.79% 154.94% -19.61%
Invested Capital Growth		 -10.82% -16.26% 302.35% -1.53% 16.87% -3.78% 9.35% 7.71% 3.93% 1.66% 0.54%
Revenue Q/Q Growth		 9.25% 0.18% 15.71% 1.48% 1.73% 6.84% 2.73% 1.04% -4.96% 0.33% 2.87%
EBITDA Q/Q Growth		 316.98% 9.65% -24.52% 18.41% 9.27% 10.60% 2.93% 4.39% -33.69% 357.43% -43.09%
EBIT Q/Q Growth		 43.83% 60.83% -38.69% 72.84% 22.90% 32.00% -3.05% 12.33% -46.39% 703.52% -52.13%
NOPAT Q/Q Growth		 43.05% 38.81% -40.33% 91.24% 306.00% -63.32% 0.89% 8.89% -45.23% 854.62% -54.73%
Net Income Q/Q Growth		 46.86% 45.12% -179.32% 105.78% 324.22% -62.81% 0.82% 8.57% -43.85% 1,246.49% -48.72%
EPS Q/Q Growth		 46.88% 40.00% -162.50% 161.90% 331.25% -63.57% 0.00% 8.16% -42.98% 1,412.50% -48.55%
Operating Cash Flow Q/Q Growth		 714.91% -12.84% 85.17% 15.40% -5.37% 14.26% 4.56% -4.21% -12.13% -15.10% 29.34%
Free Cash Flow Firm Q/Q Growth		 119.80% -12.86% 3.52% 15.86% -5.46% -11.58% 10.25% 15.78% -57.72% 409.76% -46.21%
Invested Capital Q/Q Growth		 -5.25% -2.38% -5.56% -2.51% 17.86% 3.54% 2.74% 2.71% 1.88% 1.55% -2.23%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.84% 30.37% 26.75% 39.31% 39.71% 40.29% 41.51% 41.94% 39.58% 39.00% 40.33%
EBITDA Margin		 3.84% 7.86% 2.34% 16.76% 15.09% 16.18% 19.33% 18.73% 12.69% 17.73% 12.49%
Operating Margin		 -7.66% -1.45% -12.48% 8.44% 6.82% 8.42% 12.08% 12.74% 7.34% 12.48% 8.48%
EBIT Margin		 -7.60% -0.55% -12.54% 8.41% 6.77% 8.53% 12.19% 12.80% 7.52% 12.44% 8.61%
Profit (Net Income) Margin		 -7.14% -0.54% -1.71% 7.46% 19.64% 6.67% 11.32% 10.90% 6.78% 12.42% 9.12%
Tax Burden Percent		 95.47% 119.83% 13.06% 96.94% 306.65% 77.05% 92.19% 85.20% 87.68% 92.29% 87.66%
Interest Burden Percent		 98.52% 81.79% 104.29% 91.46% 94.54% 101.59% 100.75% 99.97% 102.92% 108.24% 120.84%
Effective Tax Rate		 0.00% 0.00% 0.00% 3.06% -206.65% 22.95% 7.81% 14.80% 12.32% 7.71% 12.34%
Return on Invested Capital (ROIC)		 -10.65% -2.45% -12.52% 10.54% 24.16% 7.90% 15.53% 15.48% 8.44% 13.02% 9.58%
ROIC Less NNEP Spread (ROIC-NNEP)		 -7.59% -3.23% -46.25% 110.28% 35.10% 7.04% 14.87% 15.31% 7.36% 10.81% 5.75%
Return on Net Nonoperating Assets (RNNOA)		 4.08% 1.93% 10.63% -1.02% -4.13% -1.45% -4.19% -4.72% -2.19% -3.42% -2.08%
Return on Equity (ROE)		 -6.58% -0.52% -1.88% 9.52% 20.03% 6.44% 11.34% 10.76% 6.25% 9.60% 7.50%
Cash Return on Invested Capital (CROIC)		 0.79% 15.25% -132.89% 12.08% 8.60% 11.75% 6.59% 8.05% 4.58% 11.37% 9.04%
Operating Return on Assets (OROA)		 -5.96% -0.45% -10.01% 7.29% 5.22% 6.41% 9.38% 9.93% 5.54% 7.80% 5.83%
Return on Assets (ROA)		 -5.60% -0.44% -1.36% 6.47% 15.13% 5.02% 8.71% 8.46% 5.00% 7.79% 6.18%
Return on Common Equity (ROCE)		 -6.58% -0.52% -1.88% 9.52% 20.03% 6.44% 11.34% 10.76% 6.25% 9.60% 7.50%
Return on Equity Simple (ROE_SIMPLE)		 -6.63% -0.52% -1.63% 8.92% 17.93% 6.14% 10.55% 10.29% 6.28% 9.07% 7.35%
Net Operating Profit after Tax (NOPAT)		 -14 -2.87 -34 45 111 38 77 84 48 76 57
NOPAT Margin		 -5.36% -1.02% -8.74% 8.18% 20.90% 6.49% 11.14% 10.85% 6.44% 11.52% 7.44%
Net Nonoperating Expense Percent (NNEP)		 -3.06% 0.77% 33.73% -99.74% -10.94% 0.86% 0.66% 0.16% 1.07% 2.21% 3.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 5.84% 8.27% 5.91%
Cost of Revenue to Revenue		 71.16% 69.64% 73.25% 60.69% 60.29% 59.71% 58.49% 58.06% 60.42% 61.00% 59.67%
SG&A Expenses to Revenue		 19.14% 15.97% 19.13% 17.41% 18.74% 18.04% 16.59% 16.08% 17.63% 20.06% 18.57%
R&D to Revenue		 15.91% 15.65% 14.97% 13.46% 14.16% 13.83% 12.84% 13.11% 14.60% 17.46% 15.97%
Operating Expenses to Revenue		 36.49% 31.82% 39.23% 30.87% 32.89% 31.87% 29.43% 29.20% 32.23% 37.52% 34.54%
Earnings before Interest and Taxes (EBIT)		 -20 -1.55 -48 46 36 50 85 99 56 82 66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 22 8.97 92 80 95 134 144 95 118 95
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.69 1.80 1.98 2.49 1.79 3.08 4.43 4.27 2.12 3.57 3.75
Price to Tangible Book Value (P/TBV)		 2.22 2.22 9.17 6.67 3.21 5.13 6.98 6.14 3.00 4.67 4.82
Price to Revenue (P/Rev)		 1.82 1.88 2.06 2.08 1.96 3.34 4.75 4.52 2.29 4.90 4.66
Price to Earnings (P/E)		 0.00 0.00 0.00 27.92 9.98 50.10 41.96 41.48 33.75 39.41 51.09
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 3.58% 10.02% 2.00% 2.38% 2.41% 2.96% 2.54% 1.96%
Enterprise Value to Invested Capital (EV/IC)		 2.56 3.21 1.91 2.62 1.93 3.80 5.91 5.77 2.56 4.96 5.39
Enterprise Value to Revenue (EV/Rev)		 1.22 1.21 2.14 2.02 1.80 3.07 4.43 4.19 1.99 4.42 4.20
Enterprise Value to EBITDA (EV/EBITDA)		 31.68 15.41 91.64 12.04 11.92 18.94 22.92 22.38 15.68 24.93 33.61
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 23.99 26.56 35.95 36.35 32.75 26.47 35.55 48.78
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 24.67 8.61 47.22 39.78 38.63 30.91 38.38 56.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.48 9.47 47.15 12.83 13.87 14.93 18.15 23.16 11.29 45.38 27.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 305.73 19.18 0.00 21.53 24.18 31.73 93.70 74.27 56.89 43.96 59.79
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.01 0.00 0.34 0.23 0.11 0.09 0.05 0.03 0.02 0.02 0.01
Long-Term Debt to Equity		 0.01 0.00 0.31 0.19 0.06 0.02 0.03 0.02 0.02 0.01 0.01
Financial Leverage		 -0.54 -0.60 -0.23 -0.01 -0.12 -0.21 -0.28 -0.31 -0.30 -0.32 -0.36
Leverage Ratio		 1.17 1.18 1.38 1.47 1.32 1.28 1.30 1.27 1.25 1.23 1.21
Compound Leverage Factor		 1.16 0.96 1.44 1.35 1.25 1.30 1.31 1.27 1.29 1.33 1.47
Debt to Total Capital		 0.76% 0.00% 25.62% 18.73% 10.05% 8.36% 4.43% 2.90% 1.87% 1.56% 1.39%
Short-Term Debt to Total Capital		 0.00% 0.00% 2.36% 3.27% 4.63% 6.13% 1.22% 1.06% 0.13% 0.12% 0.12%
Long-Term Debt to Total Capital		 0.76% 0.00% 23.27% 15.46% 5.42% 2.24% 3.21% 1.84% 1.75% 1.44% 1.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.24% 100.00% 74.38% 81.27% 89.95% 91.64% 95.57% 97.10% 98.13% 98.44% 98.61%
Debt to EBITDA		 0.21 0.00 15.41 1.15 0.81 0.61 0.26 0.17 0.16 0.12 0.14
Net Debt to EBITDA		 -15.69 0.00 3.25 -0.38 -1.06 -1.72 -1.66 -1.76 -2.36 -2.68 -3.67
Long-Term Debt to EBITDA		 0.21 0.00 14.00 0.95 0.44 0.16 0.19 0.11 0.15 0.11 0.13
Debt to NOPAT		 -0.15 0.00 -4.12 2.35 0.59 1.53 0.45 0.29 0.32 0.19 0.23
Net Debt to NOPAT		 11.23 0.00 -0.87 -0.78 -0.77 -4.30 -2.88 -3.04 -4.65 -4.13 -6.17
Long-Term Debt to NOPAT		 -0.15 0.00 -3.74 1.94 0.32 0.41 0.32 0.18 0.30 0.17 0.22
Altman Z-Score		 4.90 6.45 1.91 4.29 4.94 6.84 10.21 11.60 6.41 11.23 12.25
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.10 5.92 3.08 3.32 3.30 3.07 3.15 3.52 3.17 4.38 4.61
Quick Ratio		 4.37 5.15 2.17 2.41 2.38 2.33 2.35 2.63 2.18 3.29 3.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1.07 18 -356 51 39 57 33 43 26 67 54
Operating Cash Flow to CapEx		 387.60% 485.51% 151.93% 486.16% 346.17% 580.65% 302.97% 209.58% 201.96% 115.31% 305.79%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -148.90 11.45 11.90 29.74 37.95 72.18 45.18 158.42 128.28
Operating Cash Flow to Interest Expense		 0.00 0.00 7.29 19.22 20.73 63.21 195.90 231.50 227.61 153.45 281.18
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 2.49 15.27 14.74 52.32 131.24 121.04 114.91 20.37 189.23
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.78 0.82 0.80 0.87 0.77 0.75 0.77 0.78 0.74 0.63 0.68
Accounts Receivable Turnover		 7.13 6.90 7.18 7.23 5.99 6.10 6.75 6.90 7.34 6.94 7.37
Inventory Turnover		 8.26 7.45 6.46 5.21 4.39 4.37 4.45 4.24 3.85 3.45 4.27
Fixed Asset Turnover		 8.85 11.44 11.54 12.27 10.51 10.45 8.52 6.14 4.45 3.36 3.68
Accounts Payable Turnover		 10.45 10.26 10.78 9.63 8.51 8.70 7.88 7.45 7.11 6.08 7.22
Days Sales Outstanding (DSO)		 51.20 52.92 50.84 50.49 60.93 59.82 54.06 52.91 49.70 52.59 49.53
Days Inventory Outstanding (DIO)		 44.18 48.98 56.48 69.99 83.18 83.46 82.09 86.07 94.78 105.95 85.45
Days Payable Outstanding (DPO)		 34.94 35.59 33.84 37.90 42.89 41.96 46.32 48.97 51.35 60.08 50.52
Cash Conversion Cycle (CCC)		 60.44 66.31 73.48 82.59 101.22 101.32 89.84 90.02 93.13 98.47 84.46
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 127 107 429 423 494 475 520 560 582 591 595
Invested Capital Turnover		 1.99 2.41 1.43 1.29 1.16 1.22 1.39 1.43 1.31 1.13 1.29
Increase / (Decrease) in Invested Capital		 -15 -21 322 -6.55 71 -19 44 40 22 9.68 3.17
Enterprise Value (EV)		 326 342 822 1,107 953 1,807 3,073 3,227 1,488 2,932 3,206
Market Capitalization		 488 530 792 1,142 1,038 1,971 3,295 3,481 1,712 3,247 3,557
Book Value per Share		 $5.13 $5.07 $5.67 $6.28 $7.83 $8.47 $9.62 $10.43 $10.49 $11.68 $12.24
Tangible Book Value per Share		 $3.90 $4.10 $1.22 $2.35 $4.36 $5.08 $6.10 $7.25 $7.40 $8.93 $9.53
Total Capital		 292 295 539 564 645 699 779 840 824 923 961
Total Debt		 2.21 0.00 138 106 65 58 34 24 15 14 13
Total Long-Term Debt		 2.21 0.00 125 87 35 16 25 15 14 13 12
Net Debt		 -162 -188 29 -35 -85 -164 -222 -254 -224 -315 -350
Capital Expenditures (CapEx)		 4.56 7.44 11 18 20 21 56 66 65 56 38
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 33 27 76 92 115 102 85 106 87 114 111
Debt-free Net Working Capital (DFNWC)		 196 214 185 232 265 325 342 384 326 444 475
Net Working Capital (NWC)		 196 214 172 214 235 282 333 375 325 443 474
Net Nonoperating Expense (NNE)		 4.79 -1.35 -27 3.97 6.69 -1.08 -1.28 -0.39 -2.59 -6.01 -13
Net Nonoperating Obligations (NNO)		 -162 -188 28 -36 -86 -166 -224 -256 -227 -317 -353
Total Depreciation and Amortization (D&A)		 31 24 57 46 44 45 50 46 39 35 30
Debt-free, Cash-free Net Working Capital to Revenue		 12.13% 9.51% 19.72% 16.70% 21.77% 17.38% 12.27% 13.76% 11.57% 17.24% 14.55%
Debt-free Net Working Capital to Revenue		 73.14% 75.95% 48.11% 42.33% 50.06% 55.19% 49.31% 49.92% 43.58% 66.92% 62.19%
Net Working Capital to Revenue		 73.14% 75.95% 44.81% 38.96% 44.42% 47.92% 47.94% 48.76% 43.44% 66.76% 62.05%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.02 $1.08 $0.65 $1.06 $0.90
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 76.68M 77.79M 77.58M 77.37M 77.34M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.99 $1.06 $0.65 $1.05 $0.89
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 79.00M 79.13M 78.20M 78.16M 78.44M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 77.75M 78.33M 77.14M 77.60M 77.57M
Normalized Net Operating Profit after Tax (NOPAT)		 -12 -2.48 -20 45 25 38 77 84 48 76 57
Normalized NOPAT Margin		 -4.35% -0.88% -5.15% 8.18% 4.77% 6.49% 11.14% 10.85% 6.44% 11.52% 7.44%
Pre Tax Income Margin		 -7.48% -0.45% -13.08% 7.70% 6.41% 8.66% 12.28% 12.80% 7.74% 13.46% 10.40%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 -20.13 10.28 10.83 26.25 97.84 163.68 97.11 195.89 157.22
NOPAT to Interest Expense		 0.00 0.00 -14.03 9.99 33.41 19.98 89.40 138.75 83.15 181.42 135.85
EBIT Less CapEx to Interest Expense		 0.00 0.00 -24.93 6.32 4.84 15.36 33.19 53.22 -15.59 62.81 65.27
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -18.82 6.04 27.42 9.10 24.74 28.30 -29.55 48.34 43.90
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -539.07% 0.00% 46.37% 0.00% 0.00% 0.00% 28.64% 162.26% 24.03% 76.57%

Quarterly Metrics and Ratios for FormFactor

This table displays calculated financial ratios and metrics derived from FormFactor's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -4.79% -19.03% -15.08% -23.54% -5.14% 1.31% 0.76% 26.65% 21.18% 12.68%
EBITDA Growth		 -55.29% -114.10% -76.96% -78.76% -13.37% 1,541.24% 194.56% 191.61% 104.06% -84.05%
EBIT Growth		 -78.26% -150.89% -99.67% -102.60% -31.04% 585.77% 19,042.98% 2,239.44% 394.91% -89.77%
NOPAT Growth		 -84.78% -143.66% -99.70% -105.92% -26.34% 772.66% 21,042.88% 1,012.85% 596.05% -91.50%
Net Income Growth		 -78.77% -153.01% -95.51% -97.26% 0.46% 652.53% 1,523.03% 2,242.03% 328.64% -87.20%
EPS Growth		 -76.92% -153.13% -94.74% -97.37% 0.00% 664.71% 1,300.00% 2,400.00% 300.00% -87.50%
Operating Cash Flow Growth		 -29.27% -46.73% -72.12% -47.31% -15.16% -55.40% 168.19% -2.64% 29.95% 288.25%
Free Cash Flow Firm Growth		 -22.44% -128.41% -148.73% -190.68% 60.20% 297.31% 219.79% 192.11% -7.21% -95.09%
Invested Capital Growth		 4.77% 3.93% 5.56% 5.08% 2.00% 1.66% -3.20% -2.09% 4.42% 0.54%
Revenue Q/Q Growth		 -11.30% -8.23% 0.88% -6.89% 10.04% -1.99% 0.33% 17.04% 5.29% -8.87%
EBITDA Q/Q Growth		 -66.14% -141.22% 268.87% -9.90% 38.14% 585.72% -65.49% -10.80% -3.33% -46.41%
EBIT Q/Q Growth		 -84.73% -423.84% 100.69% -856.14% 505.45% 2,181.09% -72.63% -15.49% -6.21% -52.84%
NOPAT Q/Q Growth		 -89.47% -458.32% 100.79% -2,094.31% 230.95% 3,172.26% -75.26% -13.90% -0.15% -60.04%
Net Income Q/Q Growth		 -85.61% -415.49% 109.78% -38.30% 427.90% 1,635.21% -71.28% -10.97% -3.38% -48.20%
EPS Q/Q Growth		 -84.21% -383.33% 111.76% -50.00% 500.00% 1,500.00% -70.83% -10.71% -4.00% -50.00%
Operating Cash Flow Q/Q Growth		 -43.14% -14.47% -40.65% 82.57% -8.46% -55.03% 256.89% -33.73% 22.18% 34.35%
Free Cash Flow Firm Q/Q Growth		 -113.46% -44.70% 4.93% 1.02% 70.77% 817.42% -42.28% -23.89% -134.02% 132.88%
Invested Capital Q/Q Growth		 -1.45% 1.88% 3.11% 1.51% -4.34% 1.55% -1.82% 2.67% 2.02% -2.23%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 34.40% 27.23% 36.48% 38.66% 40.38% 40.40% 37.18% 44.01% 40.74% 38.83%
EBITDA Margin		 8.00% -3.59% 6.01% 5.82% 7.30% 51.10% 17.58% 13.40% 12.30% 7.23%
Operating Margin		 2.23% -9.61% 0.05% -0.84% 1.58% 48.33% 12.63% 9.00% 8.59% 4.14%
EBIT Margin		 2.80% -9.89% 0.07% -0.55% 2.04% 47.41% 12.93% 9.34% 8.32% 4.30%
Profit (Net Income) Margin		 2.41% -8.27% 0.80% 0.53% 2.55% 45.10% 12.91% 9.82% 9.01% 5.12%
Tax Burden Percent		 77.35% 88.82% 96.55% 133.55% 84.76% 92.38% 87.20% 90.00% 89.44% 81.29%
Interest Burden Percent		 110.99% 94.17% 1,219.30% -71.93% 147.55% 102.98% 114.46% 116.84% 121.10% 146.37%
Effective Tax Rate		 22.65% 0.00% 3.45% -33.55% 15.24% 7.62% 12.80% 10.00% 10.56% 18.71%
Return on Invested Capital (ROIC)		 2.43% -8.81% 0.06% -1.27% 1.53% 50.47% 12.39% 9.49% 9.58% 4.34%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.91% -7.75% -0.43% -2.35% 0.69% 50.19% 11.26% 8.31% 8.66% 3.35%
Return on Net Nonoperating Assets (RNNOA)		 -0.57% 2.30% 0.13% 0.67% -0.21% -15.90% -3.66% -2.69% -2.92% -1.21%
Return on Equity (ROE)		 1.85% -6.51% 0.20% -0.60% 1.32% 34.57% 8.74% 6.80% 6.66% 3.13%
Cash Return on Invested Capital (CROIC)		 11.09% 4.58% -2.24% -6.50% -3.73% 11.37% 19.30% 20.65% 16.75% 9.04%
Operating Return on Assets (OROA)		 2.17% -7.29% 0.05% -0.36% 1.31% 29.73% 8.03% 6.04% 5.65% 2.92%
Return on Assets (ROA)		 1.87% -6.10% 0.55% 0.34% 1.64% 28.28% 8.02% 6.36% 6.12% 3.47%
Return on Common Equity (ROCE)		 1.85% -6.51% 0.20% -0.60% 1.32% 34.57% 8.74% 6.80% 6.66% 3.13%
Return on Equity Simple (ROE_SIMPLE)		 11.18% 0.00% 2.69% -0.86% -0.85% 0.00% 11.13% 12.81% 14.22% 0.00%
Net Operating Profit after Tax (NOPAT)		 3.11 -11 0.09 -1.75 2.29 75 19 16 16 6.38
NOPAT Margin		 1.72% -6.72% 0.05% -1.12% 1.34% 44.65% 11.01% 8.10% 7.68% 3.37%
Net Nonoperating Expense Percent (NNEP)		 0.52% -1.06% 0.50% 1.08% 0.84% 0.28% 1.13% 1.18% 0.91% 0.99%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.36% - - - 8.13% - - - 0.66%
Cost of Revenue to Revenue		 65.60% 72.77% 63.52% 61.34% 59.62% 59.60% 62.82% 55.99% 59.26% 61.17%
SG&A Expenses to Revenue		 17.49% 20.44% 19.55% 21.33% 20.73% 18.70% 19.61% 19.18% 17.13% 18.59%
R&D to Revenue		 14.68% 16.40% 16.87% 18.18% 18.08% 16.75% 16.97% 15.98% 15.03% 16.10%
Operating Expenses to Revenue		 32.17% 36.84% 36.42% 39.51% 38.80% 35.45% 36.57% 35.16% 32.15% 34.69%
Earnings before Interest and Taxes (EBIT)		 5.07 -16 0.11 -0.86 3.50 80 22 18 17 8.16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 -5.96 10 9.07 13 86 30 26 26 14
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.50 2.12 2.98 3.16 3.23 3.57 3.85 4.93 3.75 3.75
Price to Tangible Book Value (P/TBV)		 3.54 3.00 4.18 4.40 4.33 4.67 4.99 6.34 4.82 4.82
Price to Revenue (P/Rev)		 2.57 2.29 3.42 3.94 4.11 4.90 5.35 6.62 4.83 4.66
Price to Earnings (P/E)		 22.36 33.75 110.63 0.00 0.00 39.41 34.54 38.48 26.39 51.09
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.47% 2.96% 0.90% 0.00% 0.00% 2.54% 2.89% 2.60% 3.79% 1.96%
Enterprise Value to Invested Capital (EV/IC)		 3.13 2.56 3.73 3.97 4.26 4.96 5.53 7.25 5.33 5.39
Enterprise Value to Revenue (EV/Rev)		 2.27 1.99 3.11 3.61 3.76 4.42 4.83 6.12 4.36 4.20
Enterprise Value to EBITDA (EV/EBITDA)		 12.47 15.68 36.46 87.43 96.56 24.93 23.41 27.96 19.32 33.61
Enterprise Value to EBIT (EV/EBIT)		 17.01 26.47 101.73 0.00 0.00 35.55 30.82 35.00 23.59 48.78
Enterprise Value to NOPAT (EV/NOPAT)		 20.30 30.91 120.53 0.00 0.00 38.38 33.90 38.70 25.82 56.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.90 11.29 22.36 30.30 32.62 45.38 37.64 51.01 35.64 27.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 28.84 56.89 0.00 0.00 0.00 43.96 28.19 34.74 32.49 59.79
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01
Long-Term Debt to Equity		 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01
Financial Leverage		 -0.30 -0.30 -0.30 -0.29 -0.30 -0.32 -0.32 -0.32 -0.34 -0.36
Leverage Ratio		 1.27 1.25 1.24 1.24 1.25 1.23 1.22 1.22 1.22 1.21
Compound Leverage Factor		 1.41 1.18 15.15 -0.89 1.84 1.27 1.40 1.43 1.47 1.78
Debt to Total Capital		 2.11% 1.87% 1.81% 1.76% 1.71% 1.56% 1.51% 1.44% 1.40% 1.39%
Short-Term Debt to Total Capital		 0.33% 0.13% 0.14% 0.14% 0.12% 0.12% 0.12% 0.11% 0.11% 0.12%
Long-Term Debt to Total Capital		 1.77% 1.75% 1.67% 1.62% 1.59% 1.44% 1.39% 1.33% 1.29% 1.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 97.89% 98.13% 98.19% 98.24% 98.29% 98.44% 98.49% 98.56% 98.60% 98.61%
Debt to EBITDA		 0.12 0.16 0.25 0.54 0.57 0.12 0.10 0.09 0.08 0.14
Net Debt to EBITDA		 -1.64 -2.36 -3.63 -8.07 -8.98 -2.68 -2.49 -2.26 -2.06 -3.67
Long-Term Debt to EBITDA		 0.10 0.15 0.23 0.50 0.53 0.11 0.10 0.08 0.07 0.13
Debt to NOPAT		 0.20 0.32 0.82 -1.62 -1.45 0.19 0.15 0.12 0.11 0.23
Net Debt to NOPAT		 -2.68 -4.65 -11.99 24.26 22.82 -4.13 -3.60 -3.13 -2.75 -6.17
Long-Term Debt to NOPAT		 0.17 0.30 0.76 -1.50 -1.34 0.17 0.14 0.11 0.10 0.22
Altman Z-Score		 6.84 6.17 8.62 9.32 9.52 11.22 12.11 14.73 12.15 12.09
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 3.15 3.17 3.75 3.85 3.91 4.38 4.51 4.46 4.76 4.61
Quick Ratio		 2.21 2.18 2.65 2.67 2.57 3.29 3.41 3.39 3.65 3.54
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -23 -33 -32 -31 -9.12 65 38 29 -9.77 3.21
Operating Cash Flow to CapEx		 272.19% 79.06% 62.48% 109.75% 347.66% 93.12% 245.70% 260.51% 299.04% 468.65%
Free Cash Flow to Firm to Interest Expense		 0.00 -26.24 0.00 0.00 0.00 13.51 0.00 0.00 0.00 0.30
Operating Cash Flow to Interest Expense		 0.00 16.42 0.00 0.00 0.00 1.91 0.00 0.00 0.00 3.38
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -4.35 0.00 0.00 0.00 -0.14 0.00 0.00 0.00 2.66
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.78 0.74 0.69 0.65 0.64 0.63 0.62 0.65 0.68 0.68
Accounts Receivable Turnover		 7.28 7.34 6.61 6.64 6.63 6.94 6.63 6.81 7.21 7.37
Inventory Turnover		 3.61 3.85 3.76 3.35 3.49 3.45 3.59 3.56 4.06 4.27
Fixed Asset Turnover		 5.19 4.45 4.10 3.70 3.60 3.36 3.29 3.45 3.64 3.68
Accounts Payable Turnover		 6.38 7.11 7.05 7.08 6.22 6.08 6.23 6.65 7.74 7.22
Days Sales Outstanding (DSO)		 50.16 49.70 55.26 54.93 55.08 52.59 55.04 53.59 50.61 49.53
Days Inventory Outstanding (DIO)		 100.99 94.78 97.05 109.05 104.61 105.95 101.75 102.39 90.01 85.45
Days Payable Outstanding (DPO)		 57.19 51.35 51.76 51.55 58.65 60.08 58.59 54.87 47.15 50.52
Cash Conversion Cycle (CCC)		 93.97 93.13 100.55 112.43 101.04 98.47 98.20 101.10 93.46 84.46
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 571 582 600 609 582 591 581 596 608 595
Invested Capital Turnover		 1.41 1.31 1.23 1.13 1.15 1.13 1.13 1.17 1.25 1.29
Increase / (Decrease) in Invested Capital		 26 22 32 29 11 9.68 -19 -13 26 3.17
Enterprise Value (EV)		 1,785 1,488 2,235 2,417 2,482 2,932 3,211 4,321 3,238 3,206
Market Capitalization		 2,020 1,712 2,457 2,640 2,713 3,247 3,552 4,671 3,583 3,557
Book Value per Share		 $10.48 $10.49 $10.69 $10.81 $10.83 $11.68 $11.93 $12.28 $12.34 $12.24
Tangible Book Value per Share		 $7.40 $7.40 $7.62 $7.78 $8.07 $8.93 $9.19 $9.55 $9.61 $9.53
Total Capital		 826 824 840 849 855 923 938 962 969 961
Total Debt		 17 15 15 15 15 14 14 14 14 13
Total Long-Term Debt		 15 14 14 14 14 13 13 13 12 12
Net Debt		 -235 -224 -222 -223 -231 -315 -341 -350 -345 -350
Capital Expenditures (CapEx)		 8.91 26 20 20 5.92 9.93 13 8.40 8.94 7.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 102 87 116 117 133 114 104 119 128 111
Debt-free Net Working Capital (DFNWC)		 355 326 354 355 378 444 459 483 487 475
Net Working Capital (NWC)		 353 325 353 354 377 443 458 482 486 474
Net Nonoperating Expense (NNE)		 -1.24 2.57 -1.25 -2.58 -2.08 -0.77 -3.21 -3.40 -2.77 -3.32
Net Nonoperating Obligations (NNO)		 -237 -227 -225 -225 -258 -317 -343 -352 -347 -353
Total Depreciation and Amortization (D&A)		 9.40 10 9.95 9.93 9.04 6.20 7.83 8.01 8.27 5.55
Debt-free, Cash-free Net Working Capital to Revenue		 13.02% 11.57% 16.21% 17.49% 20.05% 17.24% 15.65% 16.87% 17.31% 14.55%
Debt-free Net Working Capital to Revenue		 45.15% 43.58% 49.27% 53.01% 57.21% 66.92% 69.09% 68.37% 65.57% 62.19%
Net Working Capital to Revenue		 44.80% 43.44% 49.12% 52.84% 57.05% 66.76% 68.93% 68.22% 65.42% 62.05%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.06 ($0.18) $0.02 $0.01 $0.06 $0.97 $0.28 $0.25 $0.24 $0.13
Adjusted Weighted Average Basic Shares Outstanding		 77.25M 77.58M 77.07M 77.16M 77.57M 77.37M 77.45M 77.24M 77.41M 77.34M
Adjusted Diluted Earnings per Share		 $0.06 ($0.17) $0.02 $0.01 $0.06 $0.96 $0.28 $0.25 $0.24 $0.12
Adjusted Weighted Average Diluted Shares Outstanding		 77.69M 78.20M 77.26M 77.62M 78.41M 78.16M 78.49M 78.72M 78.44M 78.44M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 77.03M 77.14M 77.14M 77.66M 77.84M 77.60M 77.17M 77.39M 77.45M 77.57M
Normalized Net Operating Profit after Tax (NOPAT)		 3.11 -11 0.09 -0.92 2.29 75 19 16 16 6.38
Normalized NOPAT Margin		 1.72% -6.72% 0.05% -0.59% 1.34% 44.65% 11.01% 8.10% 7.68% 3.37%
Pre Tax Income Margin		 3.11% -9.31% 0.83% 0.40% 3.01% 48.82% 14.80% 10.91% 10.07% 6.30%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 -12.99 0.00 0.00 0.00 16.47 0.00 0.00 0.00 0.77
NOPAT to Interest Expense		 0.00 -8.84 0.00 0.00 0.00 15.51 0.00 0.00 0.00 0.60
EBIT Less CapEx to Interest Expense		 0.00 -33.76 0.00 0.00 0.00 14.42 0.00 0.00 0.00 0.05
NOPAT Less CapEx to Interest Expense		 0.00 -29.61 0.00 0.00 0.00 13.46 0.00 0.00 0.00 -0.12
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 81.41% 162.26% 328.40% -388.57% -123.16% 24.03% 36.11% 33.01% 42.00% 76.57%

Frequently Asked Questions About FormFactor's Financials

When does FormFactor's financial year end?

According to the most recent income statement we have on file, FormFactor's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has FormFactor's net income changed over the last 10 years?

FormFactor's net income appears to be on an upward trend, with a most recent value of $69.61 million in 2024, falling from -$19.19 million in 2014. The previous period was $82.39 million in 2023.

What is FormFactor's operating income?
FormFactor's total operating income in 2024 was $64.78 million, based on the following breakdown:
  • Total Gross Profit: $307.92 million
  • Total Operating Expenses: $263.72 million
How has FormFactor revenue changed over the last 10 years?

Over the last 10 years, FormFactor's total revenue changed from $268.53 million in 2014 to $763.60 million in 2024, a change of 184.4%.

How much debt does FormFactor have?

FormFactor's total liabilities were at $198.45 million at the end of 2024, a 0.2% increase from 2023, and a 262.1% increase since 2014.

How much cash does FormFactor have?

In the past 10 years, FormFactor's cash and equivalents has ranged from $91.18 million in 2017 to $190.73 million in 2024, and is currently $190.73 million as of their latest financial filing in 2024.

How has FormFactor's book value per share changed over the last 10 years?

Over the last 10 years, FormFactor's book value per share changed from 5.13 in 2014 to 12.24 in 2024, a change of 138.5%.


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This page (NASDAQ:FORM) was last updated on 4/30/2025 by MarketBeat.com Staff
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