FormFactor (FORM) Financials

$31.91 -0.09 (-0.28%)

Closing price 05/20/2025 04:00 PM Eastern

Extended Trading

$31.66 -0.25 (-0.80%)

As of 08:31 AM Eastern

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015	12/27/2014
Net Income / (Loss) Attributable to Common Shareholders	70	82	51	84	79	39	104	41	-6.56	-1.52	-19
Consolidated Net Income / (Loss)	70	82	51	84	79	39	104	41	-6.56	-1.52	-19
Net Income / (Loss) Continuing Operations	70	82	51	84	79	39	104	41	-6.56	-1.52	-19
Total Pre-Tax Income	79	89	58	99	85	51	34	42	-50	-1.27	-20
Total Operating Income	65	83	55	98	84	50	36	46	-48	-4.10	-21
Total Gross Profit	308	259	296	323	288	237	210	216	103	86	77
Total Revenue	764	663	748	770	694	589	530	548	384	282	269
Operating Revenue	764	663	748	770	694	589	530	548	384	282	269
Total Cost of Revenue	456	405	452	447	406	352	319	333	281	197	191
Operating Cost of Revenue	456	405	452	447	406	352	319	333	281	197	191
Total Operating Expenses	264	249	241	225	204	188	174	169	151	90	98
Selling, General & Admin Expense	142	133	132	124	115	106	99	95	73	45	51
Research & Development Expense	122	116	109	101	89	81	75	74	57	44	43
Other Operating Expenses / (Income)	-21	-73	0.00	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	15	6.51	2.96	0.46	1.39	1.40	-2.18	-4.10	-2.29	2.83	0.46
Interest Expense	0.42	0.42	0.58	0.60	0.86	1.92	3.31	4.49	2.39	0.00	-
Interest & Investment Income	14	7.22	2.22	0.57	1.50	2.71	1.36	0.55	0.33	0.28	0.30
Other Income / (Expense), net	0.94	-0.29	1.32	0.50	0.75	0.60	-0.22	-0.15	-0.22	2.55	0.16
Income Tax Expense	9.80	6.88	7.13	15	6.65	12	-70	1.29	-44	0.25	-0.91
Basic Earnings per Share	$0.90	$1.06	$0.65	$1.08	$1.02	$0.52	$1.42	$0.57	($0.10)	($0.03)	($0.34)
Weighted Average Basic Shares Outstanding	77.34M	77.37M	77.58M	77.79M	76.68M	74.99M	73.48M	72.29M	64.94M	57.85M	55.91M
Diluted Earnings per Share	$0.89	$1.05	$0.65	$1.06	$0.99	$0.51	$1.38	$0.55	($0.10)	($0.03)	($0.34)
Weighted Average Diluted Shares Outstanding	78.44M	78.16M	78.20M	79.13M	79.00M	77.29M	75.18M	74.24M	64.94M	57.85M	55.91M
Weighted Average Basic & Diluted Shares Outstanding	77.57M	77.60M	77.14M	78.33M	77.75M	76.15M	73.30M	71.80M	65.60M	57.85M	55.91M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	6.40	9.71	19	19	22	76	4.37	0.83	1.34	-14	4.35
Consolidated Net Income / (Loss)	6.40	9.71	19	19	22	76	4.37	0.83	1.34	-14	4.35
Net Income / (Loss) Continuing Operations	6.40	9.71	19	19	22	76	4.37	0.83	1.34	-14	4.35
Total Pre-Tax Income	7.48	12	21	22	25	82	5.16	0.62	1.39	-15	5.63
Total Operating Income	3.27	7.85	18	18	21	81	2.71	-1.31	0.09	-16	4.03
Total Gross Profit	65	74	85	87	63	68	69	60	61	45	62
Total Revenue	171	189	208	197	169	168	172	156	167	166	181
Operating Revenue	171	189	208	197	169	168	172	156	167	166	181
Total Cost of Revenue	107	116	123	111	106	100	102	96	106	121	119
Operating Cost of Revenue	107	116	123	111	106	100	102	96	106	121	119
Total Operating Expenses	61	66	67	69	62	60	67	62	61	61	58
Selling, General & Admin Expense	33	35	36	38	33	31	36	33	33	34	32
Research & Development Expense	28	31	31	32	29	28	31	28	28	27	27
Other Operating Expenses / (Income)	0.00	-	0.00	-	-20	-73	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	4.21	3.78	3.09	4.09	3.68	0.83	2.45	1.93	1.30	0.49	1.60
Interest Expense	-3.32	11	-3.65	-3.42	-3.16	4.84	-1.66	-1.48	-1.28	1.26	-0.56
Other Income / (Expense), net	0.89	0.31	-0.56	0.67	0.52	-1.55	0.79	0.45	0.02	-0.47	1.04
Income Tax Expense	1.08	2.23	2.21	2.16	3.20	6.25	0.79	-0.21	0.05	-1.73	1.27
Basic Earnings per Share	$0.08	$0.13	$0.24	$0.25	$0.28	$0.97	$0.06	$0.01	$0.02	($0.18)	$0.06
Weighted Average Basic Shares Outstanding	77.35M	77.34M	77.41M	77.24M	77.45M	77.37M	77.57M	77.16M	77.07M	77.58M	77.25M
Diluted Earnings per Share	$0.08	$0.12	$0.24	$0.25	$0.28	$0.96	$0.06	$0.01	$0.02	($0.17)	$0.06
Weighted Average Diluted Shares Outstanding	77.88M	78.44M	78.44M	78.72M	78.49M	78.16M	78.41M	77.62M	77.26M	78.20M	77.69M
Weighted Average Basic & Diluted Shares Outstanding	77.08M	77.57M	77.45M	77.39M	77.17M	77.60M	77.84M	77.66M	77.14M	77.14M	77.03M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015	12/27/2014
Net Change in Cash & Equivalents	16	68	-42	-36	43	47	7.82	-9.87	-44	32	55
Net Cash From Operating Activities	118	65	132	139	169	121	69	86	17	36	18
Net Cash From Continuing Operating Activities	118	65	132	139	169	121	69	86	17	36	18
Net Income / (Loss) Continuing Operations	70	82	51	84	79	39	104	41	-6.56	-1.52	-19
Consolidated Net Income / (Loss)	70	82	51	84	79	39	104	41	-6.56	-1.52	-19
Depreciation Expense	30	31	29	26	21	17	14	14	11	11	30
Amortization Expense	-0.66	4.52	10	20	29	28	30	32	46	13	0.21
Non-Cash Adjustments To Reconcile Net Income	40	-8.58	67	56	43	40	29	24	31	17	25
Changes in Operating Assets and Liabilities, net	-22	-44	-25	-46	-1.58	-3.29	-108	-25	-64	-3.41	-19
Net Cash From Investing Activities	-33	29	-76	-125	-99	-66	-21	-59	-206	1.13	37
Net Cash From Continuing Investing Activities	-33	29	-76	-125	-99	-66	-21	-59	-206	1.13	37
Purchase of Property, Plant & Equipment	-38	-56	-65	-66	-56	-21	-20	-18	-12	-8.64	-5.67
Acquisitions	0.00	0.00	-3.35	0.00	-52	-21	0.00	0.00	-228	0.00	0.00
Purchase of Investments	-139	-135	-102	-150	-51	-76	-31	-51	-11	-66	-32
Divestitures	22	102	0.00	0.00	0.08	0.13	0.09	0.07	0.05	0.05	0.12
Sale and/or Maturity of Investments	124	119	96	92	60	51	29	9.00	45	75	73
Other Investing Activities, net	-1.50	0.00	-1.00	0.00	0.00	-	-	-	-	0.00	0.00
Net Cash From Financing Activities	-65	-23	-96	-47	-31	-6.58	-39	-39	144	-4.79	2.54
Net Cash From Continuing Financing Activities	-65	-23	-96	-47	-31	-6.58	-39	-39	144	-4.79	2.54
Repayment of Debt	-1.08	-1.05	-8.40	-9.34	-43	-30	-41	-33	-12	0.00	-0.27
Repurchase of Common Equity	-53	-20	-82	-24	0.00	0.00	-	-19	0.00	-8.21	0.00
Issuance of Common Equity	9.75	8.82	10	11	10	8.09	7.71	20	5.75	3.42	2.81
Other Financing Activities, net	-20	-11	-16	-24	-15	-8.03	-5.79	-6.89	0.00	0.00	-
Effect of Exchange Rate Changes	-3.51	-2.65	-2.51	-	3.76	-0.73	-0.26	2.70	0.40	-0.14	-2.80
Cash Interest Paid	0.39	0.42	0.54	0.64	0.87	1.41	3.11	3.84	2.11	0.00	0.00
Cash Income Taxes Paid	16	17	11	7.96	9.15	4.32	4.58	3.17	2.57	0.03	0.95

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	-64	6.72	-13	9.57	13	82	14	-13	-15	-11	-17
Net Cash From Operating Activities	24	36	27	22	33	9.25	21	22	12	21	24
Net Cash From Continuing Operating Activities	24	36	27	22	33	27	21	22	-5.69	21	24
Net Income / (Loss) Continuing Operations	6.40	9.71	19	19	22	76	4.37	0.83	1.34	-14	4.35
Consolidated Net Income / (Loss)	6.40	9.71	19	19	22	76	4.37	0.83	1.34	-14	4.35
Depreciation Expense	8.16	8.12	7.63	7.37	7.19	7.72	7.76	7.55	7.58	7.46	7.04
Amortization Expense	0.67	-2.58	0.64	0.64	0.64	-1.52	1.28	2.39	2.38	2.99	2.35
Non-Cash Adjustments To Reconcile Net Income	17	16	15	15	-5.31	-50	15	13	14	23	21
Changes in Operating Assets and Liabilities, net	-8.27	4.55	-15	-20	8.70	-4.52	-7.57	-1.03	-31	1.00	-10
Net Cash From Investing Activities	-85	-7.33	-16	-6.14	-3.82	79	-1.53	-35	-14	-24	-11
Net Cash From Continuing Investing Activities	-85	-7.33	-16	-6.14	-3.82	79	-1.53	-35	-14	-24	-11
Purchase of Property, Plant & Equipment	-19	-7.66	-8.94	-8.40	-13	-9.93	-5.92	-20	-20	-26	-8.91
Acquisitions	-67	-	-	-	-	-	-	-	-	-	-0.23
Purchase of Investments	-26	-29	-31	-41	-37	-39	-30	-39	-27	-22	-28
Divestitures	0.00	-	-	0.31	21	102	-	-	0.00	-	-
Sale and/or Maturity of Investments	27	30	25	43	26	26	35	25	33	24	26
Net Cash From Financing Activities	-2.96	-18	-27	-4.93	-14	-21	-5.36	-0.33	4.38	-11	-28
Net Cash From Continuing Financing Activities	-2.96	-18	-27	-4.93	-14	-21	-5.36	-0.33	4.38	-11	-28
Repayment of Debt	-0.27	-0.27	-0.27	-0.27	-0.27	-0.26	-0.26	-0.26	-0.26	-1.98	-2.04
Repurchase of Common Equity	-22	-16	-17	-2.94	-17	-20	-	-	0.00	-8.85	-19
Issuance of Common Equity	22	-	4.80	-	4.95	-	3.80	-	5.02	-	4.81
Other Financing Activities, net	-2.13	-1.99	-14	-1.73	-1.84	-1.34	-8.89	-0.07	-0.39	-0.14	-11
Effect of Exchange Rate Changes	0.18	-3.51	2.83	-1.23	-1.59	-	-	-	-	-	-
Cash Interest Paid	0.09	0.09	0.10	0.10	0.10	0.11	0.11	0.11	0.11	0.08	0.16
Cash Income Taxes Paid	1.83	2.47	6.19	5.50	1.42	5.32	2.64	2.04	7.39	1.01	3.44

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	9/24/2022
Total Assets	1,156	1,154	1,156	1,120	1,033	1,025	1,020	1,022
Total Current Assets	551	615	621	588	507	478	481	516
Cash & Equivalents	130	185	196	186	109	98	112	121
Restricted Cash	0.97	3.77	5.94	5.87	1.17	1.14	1.21	1.26
Short-Term Investments	169	170	162	163	136	139	124	131
Accounts Receivable	99	117	113	96	89	94	104	110
Inventories, net	110	105	115	109	112	120	117	132
Prepaid Expenses	43	34	29	28	27	26	23	21
Plant, Property, & Equipment, net	208	204	204	206	204	205	198	163
Total Noncurrent Assets	397	335	332	326	323	342	341	343
Long-Term Investments	69	-	-	-	-	-	-	-
Goodwill	200	200	200	200	200	212	212	209
Intangible Assets	9.68	11	12	12	14	22	24	28
Noncurrent Deferred & Refundable Income Taxes	93	93	89	80	74	71	68	68
Other Noncurrent Operating Assets	23	29	29	31	33	35	34	36
Other Noncurrent Nonoperating Assets	2.45	2.21	2.10	2.22	2.15	2.27	2.29	1.84
Total Liabilities & Shareholders' Equity	1,156	1,154	1,156	1,120	1,033	1,025	1,020	1,022
Total Liabilities	190	199	208	196	192	191	195	214
Total Current Liabilities	124	129	139	131	130	124	128	164
Short-Term Debt	1.11	1.10	1.09	1.08	1.07	1.15	1.14	2.73
Accounts Payable	65	52	62	66	62	64	64	75
Accrued Expenses	35	47	50	38	36	31	32	46
Current Deferred Revenue	15	21	18	18	14	20	24	32
Other Current Liabilities	8.46	8.51	8.24	8.25	8.01	7.87	7.51	7.70
Total Noncurrent Liabilities	66	70	69	65	63	67	67	50
Long-Term Debt	12	12	13	13	14	14	14	15
Noncurrent Deferred Revenue	20	19	17	11	5.75	5.85	5.87	5.56
Other Noncurrent Operating Liabilities	34	38	39	41	43	44	44	28
Redeemable Noncontrolling Interest	0.00	0.00	0.00	-	-	-	-	-
Total Equity & Noncontrolling Interests	966	955	948	924	841	834	824	808
Total Preferred & Common Equity	966	955	948	924	841	834	824	808
Total Common Equity	966	955	948	924	841	834	824	808
Common Stock	845	846	863	857	874	868	858	844
Retained Earnings	127	111	93	73	-25	-29	-30	-17
Accumulated Other Comprehensive Income / (Loss)	-6.04	-1.77	-7.95	-6.77	-8.51	-4.45	-4.19	-18

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.56%	12.68%	21.18%	26.65%	0.76%	1.31%	-5.14%	-23.54%	-15.08%	-19.03%	-4.79%
EBITDA Growth	-56.20%	-84.05%	104.06%	191.61%	194.56%	1,541.24%	-13.37%	-78.76%	-76.96%	-114.10%	-55.29%
EBIT Growth	-80.94%	-89.77%	394.91%	2,239.44%	19,042.98%	585.77%	-31.04%	-102.60%	-99.67%	-150.89%	-78.26%
NOPAT Growth	-84.93%	-91.50%	596.05%	1,012.85%	21,042.88%	772.66%	-26.34%	-105.92%	-99.70%	-143.66%	-84.78%
Net Income Growth	-70.61%	-87.20%	328.64%	2,242.03%	1,523.03%	652.53%	0.46%	-97.26%	-95.51%	-153.01%	-78.77%
EPS Growth	-71.43%	-87.50%	300.00%	2,400.00%	1,300.00%	664.71%	0.00%	-97.37%	-94.74%	-153.13%	-76.92%
Operating Cash Flow Growth	-28.70%	288.25%	29.95%	-2.64%	168.19%	-55.40%	-15.16%	-47.31%	-72.12%	-46.73%	-29.27%
Free Cash Flow Firm Growth	-164.69%	-95.09%	-7.21%	192.11%	219.79%	297.31%	60.20%	-190.68%	-148.73%	-128.41%	-22.44%
Invested Capital Growth	4.69%	0.54%	4.42%	-2.09%	-3.20%	1.66%	2.00%	5.08%	5.56%	3.93%	4.77%
Revenue Q/Q Growth	-9.57%	-8.87%	5.29%	17.04%	0.33%	-1.99%	10.04%	-6.89%	0.88%	-8.23%	-11.30%
EBITDA Q/Q Growth	-5.21%	-46.41%	-3.33%	-10.80%	-65.49%	585.72%	38.14%	-9.90%	268.87%	-141.22%	-66.14%
EBIT Q/Q Growth	-49.01%	-52.84%	-6.21%	-15.49%	-72.63%	2,181.09%	505.45%	-856.14%	100.69%	-423.84%	-84.73%
NOPAT Q/Q Growth	-56.14%	-60.04%	-0.15%	-13.90%	-75.26%	3,172.26%	230.95%	-2,094.31%	100.79%	-458.32%	-89.47%
Net Income Q/Q Growth	-34.04%	-48.20%	-3.38%	-10.97%	-71.28%	1,635.21%	427.90%	-38.30%	109.78%	-415.49%	-85.61%
EPS Q/Q Growth	-33.33%	-50.00%	-4.00%	-10.71%	-70.83%	1,500.00%	500.00%	-50.00%	111.76%	-383.33%	-84.21%
Operating Cash Flow Q/Q Growth	-34.46%	34.35%	22.18%	-33.73%	256.89%	-55.03%	-8.46%	82.57%	-40.65%	-14.47%	-43.14%
Free Cash Flow Firm Q/Q Growth	-859.95%	132.88%	-134.02%	-23.89%	-42.28%	817.42%	70.77%	1.02%	4.93%	-44.70%	-113.46%
Invested Capital Q/Q Growth	2.23%	-2.23%	2.02%	2.67%	-1.82%	1.55%	-4.34%	1.51%	3.11%	1.88%	-1.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.65%	38.83%	40.74%	44.01%	37.18%	40.40%	40.38%	38.66%	36.48%	27.23%	34.40%
EBITDA Margin	7.58%	7.23%	12.30%	13.40%	17.58%	51.10%	7.30%	5.82%	6.01%	-3.59%	8.00%
Operating Margin	1.91%	4.14%	8.59%	9.00%	12.63%	48.33%	1.58%	-0.84%	0.05%	-9.61%	2.23%
EBIT Margin	2.43%	4.30%	8.32%	9.34%	12.93%	47.41%	2.04%	-0.55%	0.07%	-9.89%	2.80%
Profit (Net Income) Margin	3.74%	5.12%	9.01%	9.82%	12.91%	45.10%	2.55%	0.53%	0.80%	-8.27%	2.41%
Tax Burden Percent	85.62%	81.29%	89.44%	90.00%	87.20%	92.38%	84.76%	133.55%	96.55%	88.82%	77.35%
Interest Burden Percent	179.75%	146.37%	121.10%	116.84%	114.46%	102.98%	147.55%	-71.93%	1,219.30%	94.17%	110.99%
Effective Tax Rate	14.38%	18.71%	10.56%	10.00%	12.80%	7.62%	15.24%	-33.55%	3.45%	0.00%	22.65%
Return on Invested Capital (ROIC)	2.11%	4.34%	9.58%	9.49%	12.39%	50.47%	1.53%	-1.27%	0.06%	-8.81%	2.43%
ROIC Less NNEP Spread (ROIC-NNEP)	1.08%	3.35%	8.66%	8.31%	11.26%	50.19%	0.69%	-2.35%	-0.43%	-7.75%	1.91%
Return on Net Nonoperating Assets (RNNOA)	-0.40%	-1.21%	-2.92%	-2.69%	-3.66%	-15.90%	-0.21%	0.67%	0.13%	2.30%	-0.57%
Return on Equity (ROE)	1.71%	3.13%	6.66%	6.80%	8.74%	34.57%	1.32%	-0.60%	0.20%	-6.51%	1.85%
Cash Return on Invested Capital (CROIC)	2.31%	9.04%	16.75%	20.65%	19.30%	11.37%	-3.73%	-6.50%	-2.24%	4.58%	11.09%
Operating Return on Assets (OROA)	1.63%	2.92%	5.65%	6.04%	8.03%	29.73%	1.31%	-0.36%	0.05%	-7.29%	2.17%
Return on Assets (ROA)	2.52%	3.47%	6.12%	6.36%	8.02%	28.28%	1.64%	0.34%	0.55%	-6.10%	1.87%
Return on Common Equity (ROCE)	1.71%	3.13%	6.66%	6.80%	8.74%	34.57%	1.32%	-0.60%	0.20%	-6.51%	1.85%
Return on Equity Simple (ROE_SIMPLE)	5.62%	0.00%	14.22%	12.81%	11.13%	0.00%	-0.85%	-0.86%	2.69%	0.00%	11.18%
Net Operating Profit after Tax (NOPAT)	2.80	6.38	16	16	19	75	2.29	-1.75	0.09	-11	3.11
NOPAT Margin	1.63%	3.37%	7.68%	8.10%	11.01%	44.65%	1.34%	-1.12%	0.05%	-6.72%	1.72%
Net Nonoperating Expense Percent (NNEP)	1.03%	0.99%	0.91%	1.18%	1.13%	0.28%	0.84%	1.08%	0.50%	-1.06%	0.52%
Return On Investment Capital (ROIC_SIMPLE)	0.29%	0.66%	-	-	-	8.13%	-	-	-	-1.36%	-
Cost of Revenue to Revenue	62.35%	61.17%	59.26%	55.99%	62.82%	59.60%	59.62%	61.34%	63.52%	72.77%	65.60%
SG&A Expenses to Revenue	19.52%	18.59%	17.13%	19.18%	19.61%	18.70%	20.73%	21.33%	19.55%	20.44%	17.49%
R&D to Revenue	16.22%	16.10%	15.03%	15.98%	16.97%	16.75%	18.08%	18.18%	16.87%	16.40%	14.68%
Operating Expenses to Revenue	35.75%	34.69%	32.15%	35.16%	36.57%	35.45%	38.80%	39.51%	36.42%	36.84%	32.17%
Earnings before Interest and Taxes (EBIT)	4.16	8.16	17	18	22	80	3.50	-0.86	0.11	-16	5.07
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	14	26	26	30	86	13	9.07	10	-5.96	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.30	3.75	3.75	4.93	3.85	3.57	3.23	3.16	2.98	2.12	2.50
Price to Tangible Book Value (P/TBV)	2.94	4.82	4.82	6.34	4.99	4.67	4.33	4.40	4.18	3.00	3.54
Price to Revenue (P/Rev)	2.90	4.66	4.83	6.62	5.35	4.90	4.11	3.94	3.42	2.29	2.57
Price to Earnings (P/E)	40.96	51.09	26.39	38.48	34.54	39.41	0.00	0.00	110.63	33.75	22.36
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	2.44%	1.96%	3.79%	2.60%	2.89%	2.54%	0.00%	0.00%	0.90%	2.96%	4.47%
Enterprise Value to Invested Capital (EV/IC)	3.07	5.39	5.33	7.25	5.53	4.96	4.26	3.97	3.73	2.56	3.13
Enterprise Value to Revenue (EV/Rev)	2.44	4.20	4.36	6.12	4.83	4.42	3.76	3.61	3.11	1.99	2.27
Enterprise Value to EBITDA (EV/EBITDA)	23.70	33.61	19.32	27.96	23.41	24.93	96.56	87.43	36.46	15.68	12.47
Enterprise Value to EBIT (EV/EBIT)	38.83	48.78	23.59	35.00	30.82	35.55	0.00	0.00	101.73	26.47	17.01
Enterprise Value to NOPAT (EV/NOPAT)	45.56	56.46	25.82	38.70	33.90	38.38	0.00	0.00	120.53	30.91	20.30
Enterprise Value to Operating Cash Flow (EV/OCF)	17.27	27.28	35.64	51.01	37.64	45.38	32.62	30.30	22.36	11.29	11.90
Enterprise Value to Free Cash Flow (EV/FCFF)	135.86	59.79	32.49	34.74	28.19	43.96	0.00	0.00	0.00	56.89	28.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Long-Term Debt to Equity	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02
Financial Leverage	-0.37	-0.36	-0.34	-0.32	-0.32	-0.32	-0.30	-0.29	-0.30	-0.30	-0.30
Leverage Ratio	1.20	1.21	1.22	1.22	1.22	1.23	1.25	1.24	1.24	1.25	1.27
Compound Leverage Factor	2.17	1.78	1.47	1.43	1.40	1.27	1.84	-0.89	15.15	1.18	1.41
Debt to Total Capital	1.33%	1.39%	1.40%	1.44%	1.51%	1.56%	1.71%	1.76%	1.81%	1.87%	2.11%
Short-Term Debt to Total Capital	0.11%	0.12%	0.11%	0.11%	0.12%	0.12%	0.12%	0.14%	0.14%	0.13%	0.33%
Long-Term Debt to Total Capital	1.22%	1.27%	1.29%	1.33%	1.39%	1.44%	1.59%	1.62%	1.67%	1.75%	1.77%
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	98.67%	98.61%	98.60%	98.56%	98.49%	98.44%	98.29%	98.24%	98.19%	98.13%	97.89%
Debt to EBITDA	0.17	0.14	0.08	0.09	0.10	0.12	0.57	0.54	0.25	0.16	0.12
Net Debt to EBITDA	-4.52	-3.67	-2.06	-2.26	-2.49	-2.68	-8.98	-8.07	-3.63	-2.36	-1.64
Long-Term Debt to EBITDA	0.15	0.13	0.07	0.08	0.10	0.11	0.53	0.50	0.23	0.15	0.10
Debt to NOPAT	0.32	0.23	0.11	0.12	0.15	0.19	-1.45	-1.62	0.82	0.32	0.20
Net Debt to NOPAT	-8.68	-6.17	-2.75	-3.13	-3.60	-4.13	22.82	24.26	-11.99	-4.65	-2.68
Long-Term Debt to NOPAT	0.29	0.22	0.10	0.11	0.14	0.17	-1.34	-1.50	0.76	0.30	0.17
Altman Z-Score	8.28	12.09	12.15	14.73	12.11	11.22	9.52	9.32	8.62	6.17	6.84
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	4.45	4.61	4.76	4.46	4.51	4.38	3.91	3.85	3.75	3.17	3.15
Quick Ratio	3.21	3.54	3.65	3.39	3.41	3.29	2.57	2.67	2.65	2.18	2.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-24	3.21	-9.77	29	38	65	-9.12	-31	-32	-33	-23
Operating Cash Flow to CapEx	126.66%	468.65%	299.04%	260.51%	245.70%	93.12%	347.66%	109.75%	62.48%	79.06%	272.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.30	0.00	0.00	0.00	13.51	0.00	0.00	0.00	-26.24	0.00
Operating Cash Flow to Interest Expense	0.00	3.38	0.00	0.00	0.00	1.91	0.00	0.00	0.00	16.42	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	2.66	0.00	0.00	0.00	-0.14	0.00	0.00	0.00	-4.35	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.68	0.68	0.65	0.62	0.63	0.64	0.65	0.69	0.74	0.78
Accounts Receivable Turnover	7.86	7.37	7.21	6.81	6.63	6.94	6.63	6.64	6.61	7.34	7.28
Inventory Turnover	4.17	4.27	4.06	3.56	3.59	3.45	3.49	3.35	3.76	3.85	3.61
Fixed Asset Turnover	3.70	3.68	3.64	3.45	3.29	3.36	3.60	3.70	4.10	4.45	5.19
Accounts Payable Turnover	6.99	7.22	7.74	6.65	6.23	6.08	6.22	7.08	7.05	7.11	6.38
Days Sales Outstanding (DSO)	46.45	49.53	50.61	53.59	55.04	52.59	55.08	54.93	55.26	49.70	50.16
Days Inventory Outstanding (DIO)	87.44	85.45	90.01	102.39	101.75	105.95	104.61	109.05	97.05	94.78	100.99
Days Payable Outstanding (DPO)	52.18	50.52	47.15	54.87	58.59	60.08	58.65	51.55	51.76	51.35	57.19
Cash Conversion Cycle (CCC)	81.71	84.46	93.46	101.10	98.20	98.47	101.04	112.43	100.55	93.13	93.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	608	595	608	596	581	591	582	609	600	582	571
Invested Capital Turnover	1.29	1.29	1.25	1.17	1.13	1.13	1.15	1.13	1.23	1.31	1.41
Increase / (Decrease) in Invested Capital	27	3.17	26	-13	-19	9.68	11	29	32	22	26
Enterprise Value (EV)	1,866	3,206	3,238	4,321	3,211	2,932	2,482	2,417	2,235	1,488	1,785
Market Capitalization	2,221	3,557	3,583	4,671	3,552	3,247	2,713	2,640	2,457	1,712	2,020
Book Value per Share	$12.45	$12.24	$12.34	$12.28	$11.93	$11.68	$10.83	$10.81	$10.69	$10.49	$10.48
Tangible Book Value per Share	$9.75	$9.53	$9.61	$9.55	$9.19	$8.93	$8.07	$7.78	$7.62	$7.40	$7.40
Total Capital	979	961	969	962	938	923	855	849	840	824	826
Total Debt	13	13	14	14	14	14	15	15	15	15	17
Total Long-Term Debt	12	12	12	13	13	13	14	14	14	14	15
Net Debt	-356	-350	-345	-350	-341	-315	-231	-223	-222	-224	-235
Capital Expenditures (CapEx)	19	7.66	8.94	8.40	13	9.93	5.92	20	20	26	8.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	128	111	128	119	104	114	133	117	116	87	102
Debt-free Net Working Capital (DFNWC)	428	475	487	483	459	444	378	355	354	326	355
Net Working Capital (NWC)	427	474	486	482	458	443	377	354	353	325	353
Net Nonoperating Expense (NNE)	-3.60	-3.32	-2.77	-3.40	-3.21	-0.77	-2.08	-2.58	-1.25	2.57	-1.24
Net Nonoperating Obligations (NNO)	-358	-353	-347	-352	-343	-317	-258	-225	-225	-227	-237
Total Depreciation and Amortization (D&A)	8.83	5.55	8.27	8.01	7.83	6.20	9.04	9.93	9.95	10	9.40
Debt-free, Cash-free Net Working Capital to Revenue	16.76%	14.55%	17.31%	16.87%	15.65%	17.24%	20.05%	17.49%	16.21%	11.57%	13.02%
Debt-free Net Working Capital to Revenue	55.90%	62.19%	65.57%	68.37%	69.09%	66.92%	57.21%	53.01%	49.27%	43.58%	45.15%
Net Working Capital to Revenue	55.76%	62.05%	65.42%	68.22%	68.93%	66.76%	57.05%	52.84%	49.12%	43.44%	44.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.13	$0.24	$0.25	$0.28	$0.97	$0.06	$0.01	$0.02	($0.18)	$0.06
Adjusted Weighted Average Basic Shares Outstanding	77.35M	77.34M	77.41M	77.24M	77.45M	77.37M	77.57M	77.16M	77.07M	77.58M	77.25M
Adjusted Diluted Earnings per Share	$0.08	$0.12	$0.24	$0.25	$0.28	$0.96	$0.06	$0.01	$0.02	($0.17)	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	77.88M	78.44M	78.44M	78.72M	78.49M	78.16M	78.41M	77.62M	77.26M	78.20M	77.69M
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	77.08M	77.57M	77.45M	77.39M	77.17M	77.60M	77.84M	77.66M	77.14M	77.14M	77.03M
Normalized Net Operating Profit after Tax (NOPAT)	2.80	6.38	16	16	19	75	2.29	-0.92	0.09	-11	3.11
Normalized NOPAT Margin	1.63%	3.37%	7.68%	8.10%	11.01%	44.65%	1.34%	-0.59%	0.05%	-6.72%	1.72%
Pre Tax Income Margin	4.36%	6.30%	10.07%	10.91%	14.80%	48.82%	3.01%	0.40%	0.83%	-9.31%	3.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.77	0.00	0.00	0.00	16.47	0.00	0.00	0.00	-12.99	0.00
NOPAT to Interest Expense	0.00	0.60	0.00	0.00	0.00	15.51	0.00	0.00	0.00	-8.84	0.00
EBIT Less CapEx to Interest Expense	0.00	0.05	0.00	0.00	0.00	14.42	0.00	0.00	0.00	-33.76	0.00
NOPAT Less CapEx to Interest Expense	0.00	-0.12	0.00	0.00	0.00	13.46	0.00	0.00	0.00	-29.61	0.00
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	107.13%	76.57%	42.00%	33.01%	36.11%	24.03%	-123.16%	-388.57%	328.40%	162.26%	81.41%

Frequently Asked Questions About FormFactor's Financials

When does FormFactor's fiscal year end?

According to the most recent income statement we have on file, FormFactor's financial year ends in December. Their financial 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. See FormFactor's forecast for analyst expectations on what’s next for the company.

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 5/21/2025 by MarketBeat.com Staff

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FormFactor (FORM) Financials

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FormFactor (FORM) Financials

Annual Income Statements for FormFactor

Quarterly Income Statements for FormFactor

Annual Cash Flow Statements for FormFactor

Quarterly Cash Flow Statements for FormFactor

Annual Balance Sheets for FormFactor

Quarterly Balance Sheets for FormFactor

Annual Metrics And Ratios for FormFactor

Quarterly Metrics And Ratios for FormFactor

Frequently Asked Questions About FormFactor's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools