FormFactor, Inc.

FORM Technology Semiconductor Equipment & Materials

FormFactor, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $785.0 million, up 2.80% from fiscal 2024.

Revenue
+38.4%
EPS
+370.0%
Free cash flow
+233.2%
Total debt
−9.05%

Quarter to September 2026, against a year earlier

80.38 8.62 +12.01%
Market cap
$5.6B
P/E
32.8×
Fwd P/E
31.9×
Dividend yield
—
F-score
4/9
Altman Z
15.12
Beneish M
−2.40
Dividend safety
n/a

FormFactor, Inc. (FORM) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, FormFactor, Inc. (FORM) trades at a EV/EBITDA of 24.9×. Over the past ten years it has ranged from 0.0× (March 2017) to 162× (December 2016); the current reading is higher than 67% of that period. That is above the Semiconductor Equipment & Materials industry median of 22.6× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 43.7× 35.21%
FY2024 32.3× 35.17%
FY2023 23.9× 50.82%
FY2022 15.9× (31.37%)
FY2021 23.1× (0.53%)
FY2020 23.2× 22.83%
FY2019 18.9× 59.52%
FY2018 11.9× (6.02%)
FY2017 12.6× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 52.9× (34.08%)
Jun 2026 80.3× 17.71%
Mar 2026 68.2× 56.04%
Dec 2025 43.7× 28.07%
43 more quarters

Against its own ten years

Low 0.0× High 162×
Ten-year median 19.2×
Current reading's percentile 67

EV/EBITDA against peers

Company EV/EBITDA
AMKR Amkor Technology, Inc. compare 5.5×
ACMR ACM Research, Inc. compare 10.0×
KLIC Kulicke and Soffa Industries, Inc. compare 14.7×
IPGP IPG Photonics Corporation compare 23.5×
FORM FormFactor, Inc. 24.9×
NVMI Nova Ltd. compare 32.1×
CAMT Camtek Ltd. compare 33.9×
ONTO Onto Innovation Inc. compare 34.2×
AXTI AXT Inc compare 142×
Semiconductor Equipment & Materials industry median 22.6×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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