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FORM · Nasdaq · United States · Semiconductors & Related Devices
In shortFORMFACTOR INC is profitable, generates cash and holds more cash than debt, with revenue growing (+2.8% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.3% | 41/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.9% | 48/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 5.5% | 27/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.4% | 30/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.50× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.01× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 109.54× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 8.85 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 1.5% | 26/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.22× | 0/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 10.6% | 72/100 |
| Operating margin volatility | 2.7% | 84/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.6% | 26/100 |
|---|---|---|
| EPS growth, 3-year average | 2.0% | 35/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 770 | 748 | 663 | 764 | 785 |
| Cost of revenue | 447 | 452 | 405 | 456 | 476 |
| Gross profit | 323 | 296 | 259 | 308 | 309 |
| Research & development | 101 | 109 | 116 | 122 | 116 |
| Selling, general & admin | 124 | 132 | 133 | 142 | 133 |
| Operating income | 98 | 55 | 83 | 65 | 57 |
| Interest expense | 0.6 | 0.6 | 0.4 | 0.4 | 0.5 |
| Pre-tax income | 99 | 58 | 89 | 79 | 69 |
| Income tax | 15 | 7.1 | 6.9 | 9.8 | 13 |
| Net income | 84 | 51 | 82 | 70 | 54 |
| Diluted EPS | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 |
| Diluted shares (millions) | 79 | 78 | 78 | 78 | 78 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
8.85 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 27, 2026 · Data updated Aug 4, 2026