FormFactor FORM Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 39.4%-1.0pp | 39.3%-1.0pp | 38.4%-2.3pp | 38.7%-2.0pp | 40.4%+1.2pp | |
| Operating margin | 8.4%+2.3pp | 7.3%-1.2pp | 5.5%-13.2pp | 5.4%— | 6.1%— | |
| Net margin | 8.1%+1.1pp | 6.9%-2.2pp | 5.4%-12.9pp | 5.7%— | 7.1%— | |
| EBITDA margin | 12.9%+2.3pp | 12.1%-0.7pp | 10.3%-13.5pp | 10%— | 10.6%— | |
| Free cash flow margin | 4.4%— | 1.5%— | 0.7%— | —— | —— | |
| Returns | ||||||
| Return on equity | 6.8%+1.0pp | 5.5%-2.0pp | 4.2%-11.0pp | 4.5%— | 5.7%— | |
| Return on assets | 5.7%+0.9pp | 4.6%-1.6pp | 3.5%-8.9pp | 3.8%— | 4.8%— | |
| Return on invested capital | 6.5%+1.5pp | 5.3%-2.0pp | 3.7%-12.1pp | 4.1%— | 5%— | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×0.0× | 0.6×0.0× | 0.7×0.0× | 0.7×+0.1× | |
| Inventory turnover | 4.6×+0.4× | 4.5×+0.2× | 4.4×+0.3× | 4.2×+0.6× | 4.2×+0.6× | |
| Liquidity | ||||||
| Current ratio | 4.5×+0.1× | 4.5×-0.1× | 4.3×-0.5× | 4.2×-0.2× | 4.4×-0.1× | |
| Quick ratio | 3.7×+0.1× | 3.6×-0.2× | 3.5×-0.5× | 3.3×-0.3× | 3.6×-0.1× | |
| Cash ratio | 1×-0.1× | 0.9×-0.6× | 0.8×-0.7× | 0.6×-0.9× | 1.1×-0.4× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -0.9×+0.3× | -0.8×+0.8× | -0.9×0.0× | -0.5×— | -1.2×— | |
| Per Share | ||||||
| Book value per share | $13.33+7.5% | $13.22+9.4% | $12.99+6.7% | $12.77+6.0% | $12.40+5.4% | |
| Valuation | ||||||
| Market capitalization | $7.56B+244% | $4.32B+26.9% | $2.81B-21.1% | $2.66B-43.1% | $2.19B-38.0% | |
| Enterprise value | $7.46B+256% | $4.25B+30.8% | $2.74B-19.7% | $2.62B-41.9% | $2.1B-38.1% | |
| Price / earnings | 110.6×+70.1× | 79.5×+30.6× | 68.8×+42.5× | 60.5×— | 40.5×— | |
| Price / sales | 9×+6.1× | 5.5×+1.0× | 3.7×-1.1× | 3.5×-3.1× | 2.9×-2.5× | |
| Price / book | 7.1×+4.9× | 4.2×+0.6× | 2.8×-0.9× | 2.7×-2.2× | 2.3×-1.6× | |
| EV / EBITDA | 68.9×+43.0× | 44.9×+11.6× | 35×+15.7× | 34.2×— | 25.8×— | |
| EV / sales | 8.9×+6.1× | 5.4×+1.2× | 3.6×-1.0× | 3.4×-3.0× | 2.7×-2.4× | |
| Free cash flow yield | 0.5%— | 0.3%— | 0.2%— | —— | —— | |
| Earnings yield | 0.9%-1.6pp | 1.3%-0.8pp | 1.5%-2.4pp | 1.7%— | 2.5%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are FormFactor's profit margins?
- FormFactor (FORM) runs a 39.4% gross margin and a 8.4% operating margin, with a 8.1% net margin.
- Where do FormFactor's ratios come from?
- Every ratio is computed from FormFactor's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
