FormFactor, Inc. logo FORM - FormFactor, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 10
SELL 1
STRONG
SELL
0
| PRICE TARGET: $134.00 DETAILS
HIGH: $175.00
LOW: $64.00
MEDIAN: $142.50
CONSENSUS: $134.00
UPSIDE: 3.88%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue
Revenue 785.0 763.6 663.1 747.9 769.7 693.6 589.5 529.7 548.4 383.9 282.4 268.5 231.5 178.5 169.3 188.6 135.3 210.2 462.2 369.2 237.5 177.8 98.3 78.7 73.4 0
Cost of Revenue 477.8 455.7 404.5 451.9 446.9 405.7 352.0 319.3 332.8 281.2 196.6 191.1 189.2 153.2 148.4 190.8 134.5 173.9 215.5 184.1 130.1 90.2 49.9 39.5 38.4 28.2
Gross Profit 307.2 307.9 258.6 296.0 322.8 287.9 237.5 210.3 215.6 102.7 85.7 77.4 42.3 25.3 21.0 (2.3) 0.8 36.3 246.7 185.1 107.4 87.6 48.4 39.2 35.0 (28.2)
Operating Expenses
R&D Expenses 115.9 121.9 115.8 109.2 100.9 89.0 81.5 75.0 73.8 57.5 44.2 42.7 42.1 40.1 43.5 55.4 57.5 65.5 61.0 46.6 28.3 19.8 15.6 14.6 14.6 12.0
SG&A Expenses 127.1 141.8 133.0 131.9 123.8 115.1 106.3 99.3 95.5 73.4 45.1 51.4 53.2 49.2 46.7 67.2 78.4 95.2 92.6 71.5 43.7 31.7 20.5 18.0 18.5 15.4
Other Expenses 0 (20.6) (73.0) 0 0 0 0 0 0 19.7 0.6 3.9 5.7 0.1 1.1 72.3 10.1 13.6 0 0 0 0 0 0 2.1 0.3
Operating Expenses 243.0 243.1 175.8 241.1 224.7 204.1 187.8 174.2 169.3 150.6 89.8 98.0 101.1 89.4 91.3 194.9 146.0 174.3 153.5 118.1 72.1 51.5 36.1 32.6 35.2 27.7
Operating Income
Operating Income 64.2 64.8 82.8 54.9 98.0 83.8 49.7 36.1 46.3 (47.9) (4.1) (20.6) (58.8) (64.1) (70.4) (197.2) (145.2) (138.0) 93.2 67.0 35.3 36.1 12.3 6.6 (0.1) 0.5
Interest Expense 0.5 0.4 0.4 0.6 0.6 0.9 1.9 3.3 4.5 2.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.7)
Interest Income 10.6 14.1 7.2 2.2 0.6 1.5 2.7 1.4 0.5 0.3 0.3 0.3 0.4 0.7 1.4 2.5 3.3 12.4 0 0 0 0 0 0 0 0
Profitability
EBITDA 111.2 112.7 127.1 96.5 143.6 134.7 97.8 80.9 91.3 (1.0) 20.2 13.8 (24.2) (47.1) (58.5) (96.7) (102.4) (92.3) 120.0 89.1 51.8 43.7 17.4 12.0 (0.1) (55.9)
EBIT 64.2 79.8 89.7 58.4 99.1 86.0 53.0 37.2 46.7 (47.8) (3.5) (16.7) (53.1) (64.0) (69.3) (124.9) (135.1) (124.5) 93.2 67.0 35.3 36.7 12.3 6.6 (0.1) 0.5
Income Before Tax 67.4 79.4 89.3 57.9 98.5 85.2 51.1 33.9 42.2 (50.2) (1.3) (20.1) (57.8) (62.0) (67.9) (190.2) (142.4) (124.9) 116.2 82.4 38.5 39.1 13.8 7.2 0.4 2.2
Income Tax Expense 13.0 9.8 6.9 7.1 14.6 6.7 11.7 (70.1) 1.3 (43.6) 0.3 (0.9) (0.1) (26.4) (1.9) (1.9) 13.2 (44.3) 43.4 25.1 8.3 13.9 5.3 (3.1) 0 0.1
Net Income 54.4 69.6 82.4 50.7 83.9 78.5 39.3 104.0 40.9 (6.6) (1.5) (19.2) (57.7) (35.5) (66.0) (188.3) (155.7) (80.6) 72.9 60.8 30.2 25.2 8.6 10.4 0.0 2.1
Per Share Data
EPS (Basic) 0.70 0.90 1.06 0.65 1.08 1.02 0.52 1.42 0.57 -0.10 -0.03 -0.34 -1.06 -0.70 -1.31 -3.75 -3.15 -1.65 1.52 1.27 0.76 0.67 0.25 0.14 -1.19 0.62
EPS (Diluted) 0.69 0.89 1.05 0.65 1.06 0.99 0.51 1.38 0.55 -0.10 -0.03 -0.34 -1.06 -0.70 -1.31 -3.75 -3.15 -1.65 1.47 1.21 0.73 0.63 0.19 0.10 -1.19 0.62
Shares Outstanding 77.3 77.3 77.4 77.6 77.8 76.7 75.0 73.5 72.3 64.9 57.9 55.9 54.2 50.6 50.5 50.2 49.5 48.9 48.0 45.2 39.5 37.6 21.0 4.4 4.0 3.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000
Current Assets
Cash & Cash Equivalents 103.3 190.7 177.8 109.1 151.0 187.2 144.5 98.5 91.2 101.4 122.0 337.9 34.8 116.3 26.8 0 0
Short-Term Investments 171.8 169.3 150.5 129.0 125.1 67.8 76.3 50.5 49.0 7.5 327.2 185.0 156.6 63.0 7.6 0 0
Net Receivables 125.4 104.3 106.8 88.1 115.5 107.6 97.9 95.3 83.8 71.6 56.2 63.5 25.1 19.7 12.0 0 0
Inventory 110.9 101.7 111.7 123.2 111.5 99.2 83.3 77.7 67.8 59.8 25.5 18.8 11.2 8.0 4.2 0 0
Other Current Assets 44.5 39.1 27.0 25.1 2.2 1.9 2.0 0.8 0.4 0.1 3.3 23.0 7.6 2.8 2.6 0 0
Total Current Assets 557.1 605.1 573.8 474.6 524.0 487.1 419.0 337.8 305.9 254.7 546.6 643.0 240.1 212.3 56.6 0 0
Non-Current Assets
Property, Plant & Equipment 276.3 232.8 234.9 221.2 181.8 134.9 90.2 54.1 46.8 42.7 97.8 113.8 59.4 20.5 16.5 0 0
Goodwill 216.0 199.2 201.1 211.4 212.3 212.8 199.2 189.2 189.9 188.0 0 0 0 0 0 0 0
Intangible Assets 16.3 10.4 12.9 26.8 36.3 59.1 57.6 67.6 97.5 126.6 0 0 0 0 0 0 0
Long-Term Investments 66.8 0 0 0 2.1 0 0 1.2 1.2 1.1 0 0 0 0 0 0 0
Other Non-Current Assets 2.4 6.7 5.1 6.6 2.0 3.1 2.6 1.0 2.3 3.6 9.4 8.4 2.5 2.9 3.3 0 0
Total Non-Current Assets 667.3 541.1 533.0 533.7 496.5 476.1 420.8 390.4 340.7 365.3 107.2 142.7 62.5 23.8 20.9 0 0
Total Assets 1,224.4 1,146.2 1,106.8 1,008.2 1,020.5 963.2 839.9 728.2 646.6 620.0 653.8 785.7 302.6 236.1 77.5 62.3 47.5
Current Liabilities
Account Payables 47.4 62.3 63.9 69.3 57.9 62.0 40.9 40.0 35.0 34.1 29.2 33.2 17.6 10.6 6.7 0 0
Short-Term Debt 8.8 1.1 1.1 1.0 8.9 9.5 42.8 29.8 18.4 12.7 0 0 0 0 0.9 0 0
Deferred Revenue 20.1 15.8 16.7 29.8 23.2 21.0 9.8 4.9 5.0 5.3 11.3 5.4 2.8 1.0 0.8 0 0
Other Current Liabilities 47.5 9.6 24.3 20.4 13.0 15.3 8.3 7.9 14.7 14.8 0 0 0 0.0 0 0 0
Total Current Liabilities 123.9 131.3 131.1 149.7 148.8 154.6 136.6 102.5 92.2 83.7 64.0 66.2 35.0 21.7 16.1 0 0
Non-Current Liabilities
Long-Term Debt 23.6 12.2 13.3 14.4 15.4 25.0 15.6 35.0 87.2 125.5 0 0 0 0 0.6 0 0
Deferred Tax Liabilities 1.6 0 0 2.7 3.6 5.3 7.0 2.4 3.4 3.7 6.4 7.7 0 0 0 0 0
Other Non-Current Liabilities 9.5 19.3 10.2 5.6 5.9 6.2 10.6 0 0 6.0 5.6 13.4 2.2 0 65.9 0 0
Total Non-Current Liabilities 65.2 67.1 66.9 50.3 56.0 64.6 62.3 45.5 95.8 135.2 12.0 13.4 2.4 0.4 66.5 0 0
Total Liabilities 189.0 198.4 198.0 199.9 204.7 219.1 198.9 148.1 187.9 218.9 76.1 79.6 37.4 22.2 82.6 79.8 66.1
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 833.4 0.1 0.1 0.0 0.0 0.0 0 0
Retained Earnings 175.3 120.9 51.3 (31.1) (81.8) (165.7) (244.2) (283.6) (387.6) (428.6) (53.9) 101.8 22.1 (0.8) (9.4) 0 0
Accumulated Other Comprehensive Income (3.5) (10.8) (4.1) (5.6) (1.4) 5.9 (0.7) 0.8 3.0 (3.7) 1.3 1.9 (6.1) (11.9) (15.7) 0 0
Total Stockholders' Equity 1,035.4 947.8 908.8 808.3 815.8 744.1 641.0 580.2 458.6 401.1 577.8 706.1 265.2 213.9 (5.0) (17.6) (18.6)
Total Liabilities & Equity 1,224.4 1,146.2 1,106.8 1,008.2 1,020.5 963.2 839.9 728.2 646.6 620.0 653.8 785.7 302.6 236.1 77.5 62.3 47.5
Debt Metrics
Total Debt 44.8 39.2 48.1 50.4 63.3 69.2 94.1 64.8 105.7 138.2 0 0 0 0 1.5 0 0
Net Debt (58.5) (151.5) (129.7) (58.8) (87.7) (118.0) (50.4) (33.7) 14.5 36.8 (122.0) (337.9) (34.8) (116.3) (25.3) 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002
Operating Activities
Net Income 54.4 69.6 82.4 50.7 83.9 78.5 39.3 104.0 40.9 (6.6) 30.2 25.2 8.6 10.4
Depreciation & Amortization 46.9 32.9 37.5 38.0 44.5 48.7 44.9 43.7 44.6 46.8 16.5 7.0 5.1 5.4
Stock-Based Compensation 38.6 39.8 38.6 31.3 29.4 23.8 23.2 17.8 16.3 10.7 3.6 0 3.2 0
Change in Working Capital (43.0) (8.7) (32.2) (18.2) (49.8) 1.9 3.2 (33.3) (24.1) (19.1) (21.9) (8.0) (6.2) 0.9
Other Non-Cash Items 16.6 (2.7) (49.5) 36.2 27.4 16.9 5.5 11.3 9.2 30.5 17.1 15.6 1.6 (0.1)
Operating Cash Flow 115.4 117.5 64.6 131.8 139.4 169.3 121.0 68.7 86.3 17.4 37.7 35.7 13.0 12.9
Investing Activities
Capital Expenditure (103.7) (38.4) (56.0) (65.3) (66.5) (55.9) (20.8) (19.9) (17.8) (11.5) (28.3) 0 (9.1) (4.2)
Acquisitions (20.5) 21.6 101.8 (3.4) 0 (51.8) (20.5) 0.1 0.1 (228.0) 0 (37.7) 0 0
Purchases of Investments (193.5) (139.1) (135.5) (101.9) (150.0) (51.2) (25.1) (30.6) (50.7) (10.6) (223.9) (138.7) (153.6) (23.1)
Sales/Maturities of Investments 126.1 124.0 118.8 95.8 91.7 60.0 51.2 29.0 9.0 44.5 198.7 148.0 98.3 22.6
Other Investing Activities 0 (1.5) 0 (1) 0 0 (51.1) 0.0 (0.2) (0.7) (0.4) 0.3 0.4 (2.8)
Investing Cash Flow (191.5) (33.5) 29.0 (75.7) (124.7) (98.9) (66.4) (21.3) (59.7) (206.3) (54.0) (28.2) (64.1) (7.5)
Financing Activities
Net Debt Issuance (1.1) (1.1) (1.0) (8.4) (9.3) (25.4) (6.6) (41.2) (33.1) 139.4 0 0 1.3 (0.2)
Stock Repurchased (26.2) (53.3) 0 0 0 0 0 0 (19.0) 0 0 0 (0.2) (0.0)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (12.4) (20.0) (30.5) (98.0) (48.5) (15.5) (8.0) (5.8) (6.9) (1.5) 0 0.7 0 0.0
Financing Cash Flow (13.6) (64.6) (22.7) (95.9) (47.2) (30.9) (6.6) (39.3) (39.5) 143.6 12.4 14.5 140.6 0.9
Cash Position
Net Change in Cash (90.2) 15.9 68.3 (42.4) (35.8) 43.2 47.4 7.8 (10.2) (44.9) (3.6) 22.0 89.5 6.2
Cash at Beginning 197.2 181.3 113.0 155.3 191.1 147.9 100.5 92.7 101.4 146.3 34.8 12.9 26.8 20.6
Cash at End 107.0 197.2 181.3 113.0 155.3 191.1 147.9 100.5 91.2 101.4 31.2 34.8 116.3 26.8
Free Cash Flow 11.7 79.1 8.6 66.5 72.9 113.4 100.2 48.8 68.6 5.9 9.4 35.7 3.9 8.7
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Income Statement
Revenue 785.0 763.6 663.1 747.9 769.7 693.6 589.5 529.7 548.4 383.9 282.4 268.5 231.5 178.5 169.3 188.6 135.3 210.2 462.2 369.2 237.5 177.8 98.3 78.7 73.4 0
Gross Profit 307.2 307.9 258.6 296.0 322.8 287.9 237.5 210.3 215.6 102.7 85.7 77.4 42.3 25.3 21.0 (2.3) 0.8 36.3 246.7 185.1 107.4 87.6 48.4 39.2 35.0 (28.2)
Operating Income 64.2 64.8 82.8 54.9 98.0 83.8 49.7 36.1 46.3 (47.9) (4.1) (20.6) (58.8) (64.1) (70.4) (197.2) (145.2) (138.0) 93.2 67.0 35.3 36.1 12.3 6.6 (0.1) 0.5
Net Income 54.4 69.6 82.4 50.7 83.9 78.5 39.3 104.0 40.9 (6.6) (1.5) (19.2) (57.7) (35.5) (66.0) (188.3) (155.7) (80.6) 72.9 60.8 30.2 25.2 8.6 10.4 0.0 2.1
EPS (Diluted) 0.69 0.89 1.05 0.65 1.06 0.99 0.51 1.38 0.55 -0.10 -0.03 -0.34 -1.06 -0.70 -1.31 -3.75 -3.15 -1.65 1.47 1.21 0.73 0.63 0.19 0.10 -1.19 0.62
Balance Sheet
Cash & Equivalents 103.3 190.7 177.8 109.1 151.0 187.2 144.5 98.5 91.2 101.4 122.0 337.9 34.8 116.3 26.8 0 0
Total Assets 1,224.4 1,146.2 1,106.8 1,008.2 1,020.5 963.2 839.9 728.2 646.6 620.0 653.8 785.7 302.6 236.1 77.5 62.3 47.5
Total Debt 44.8 39.2 48.1 50.4 63.3 69.2 94.1 64.8 105.7 138.2 0 0 0 0 1.5 0 0
Stockholders' Equity 1,035.4 947.8 908.8 808.3 815.8 744.1 641.0 580.2 458.6 401.1 577.8 706.1 265.2 213.9 (5.0) (17.6) (18.6)
Cash Flow
Operating Cash Flow 115.4 117.5 64.6 131.8 139.4 169.3 121.0 68.7 86.3 17.4 37.7 35.7 13.0 12.9
Capital Expenditure (103.7) (38.4) (56.0) (65.3) (66.5) (55.9) (20.8) (19.9) (17.8) (11.5) (28.3) 0 (9.1) (4.2)
Free Cash Flow 11.7 79.1 8.6 66.5 72.9 113.4 100.2 48.8 68.6 5.9 9.4 35.7 3.9 8.7