FormFactor, Inc. (FORM)

NASDAQ: FORM · Real-Time Price · USD

101.70

-8.54 (-7.74%)

At close: Aug 28, 2026, 4:00 PM EDT

101.76

+0.07 (0.06%)

After-hours: Aug 28, 2026, 7:59 PM EDT

FormFactor Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Revenue	902.23	784.99	763.6	663.1	747.94	769.67
Revenue Growth	18.01%	2.80%	15.16%	-11.34%	-2.82%	10.96%
Gross Profit	416.66	310.62	308.56	259.44	296.49	326.7
Operating Income	149.43	62.74	45.12	12.14	55.39	102.89
Net Income	115.47	54.36	69.61	82.39	50.74	83.92
Earnings Per Share	1.45	0.69	0.89	1.05	0.65	1.06
EPS Growth	155.05%	-22.47%	-15.24%	61.54%	-38.68%	7.07%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Foundry & Logic	418.14	369.9	381.18	363.54	409.2	435.81
DRAM	309.41	247.4	227.42	113.78	133.45	156.05
Flash	19.67	20.6	17.36	20.59	48.78	41.42
Systems	155	147.1	137.64	165.2	156.52	136.39
Revenue (Total)	902.23	784.99	763.6	663.1	747.94	769.67

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Cash & Investments	345.64	275.17	360.02	328.32	238.14	276.07
Total Debt	29.91	32.36	39.23	48.15	50.37	63.28
Net Cash (Debt)	315.73	242.81	320.8	280.17	187.76	212.79
Net Cash Growth	47.94%	-24.31%	14.50%	49.22%	-11.76%	14.50%
Net Cash Per Share	3.99	3.10	4.09	3.58	2.40	2.69

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Operating Cash Flow	179.73	115.4	117.53	64.6	131.79	139.36
Capital Expenditures	-43.61	-103.66	-38.44	-56.03	-65.25	-66.5
Free Cash Flow	136.12	11.74	79.1	8.58	66.53	72.87
Free Cash Flow Growth	3645.76%	-85.16%	822.43%	-87.11%	-8.70%	-35.74%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Gross Margin	46.18%	39.57%	40.41%	39.13%	39.64%	42.45%
Operating Margin	16.56%	7.99%	5.91%	1.83%	7.41%	13.37%
Pretax Margin	14.65%	8.58%	10.40%	13.46%	7.74%	12.80%
Profit Margin	12.80%	6.93%	9.12%	12.42%	6.78%	10.90%
FCF Margin	15.09%	1.50%	10.36%	1.29%	8.89%	9.47%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 30, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
PE Ratio	70.15	82.79	51.09	39.41	33.75	41.48
Forward PE	29.47	40.28	31.22	42.67	46.32	26.40
P/FCF Ratio	58.36	383.36	44.96	378.63	25.74	47.77
PS Ratio	8.81	5.73	4.66	4.90	2.29	4.52