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FormFactor FORM Acquired inventory step-up amortization

Discontinued — last reported Q4 '25

Acquired inventory step-up amortization at other companies

Semtech logo
SemtechSMTC
$0
STERIS logo
STERISSTE
$0
Biogen logo
BiogenBIIB
$107.6M+109%
Boston Scientific logo
Boston ScientificBSX
$2M-97.5%
Amcor logo
AmcorAMCR
$33.25M
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
$31M

Other financials

Income statement

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Revenue$226.1M+32.0%
Gross profit$86.8M+34.5%
Operating income$16.6M+409%
Net income$20.4M+218%
EPS (diluted)$0.26+225%

Balance sheet

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Cash & equivalents$126.4M-5.1%
Total debt$31.9M-14.9%
Total equity$1.1B+9.6%
Total assets$1.3B+8.6%

Cash flow

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Operating cash flow$45.0M+91.0%
CapEx$15.2M-18.3%
Free cash flow$29.8M+501%

Valuation

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Market cap$11.66B+244%
Enterprise value$11.56B+256%
P/E170.6×+108×
P/S13.9×+9.5×

Profitability

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Gross margin39.4%-1.0pp
Operating margin8.4%+2.3pp
Net margin8.1%+1.1pp
FCF margin4.4%-4.1pp

Returns & leverage

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Return on equity6.8%+1.0pp
Debt / equity0.0×
Current ratio4.5×+0.1×

Where this comes from

Reported directly by FormFactor in its filing.

Tagged under the XBRL concept form:AcquiredInventoryStepupAmortization.

The official record: FormFactor’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FormFactor's acquired inventory step-up amortization?
FormFactor (FORM) reported acquired inventory step-up amortization of $0 in Q4 2025.
What is the long-term trend for FormFactor's acquired inventory step-up amortization?
Over 4 years (2021 to 2025), FormFactor's acquired inventory step-up amortization has grown at a -100.0% compound annual growth rate (CAGR), from $723K to $0.
What does acquired inventory step-up amortization mean?
The non-cash expense of adjusting acquired inventory to fair market value.
How do you interpret acquired inventory step-up amortization?
This is a temporary, non-recurring expense following an acquisition; it does not reflect ongoing operational efficiency.
How does acquired inventory step-up amortization compare across companies?
Only applicable to companies that have recently completed acquisitions; peers in M&A-active sectors will show similar temporary impacts.