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

80.44 8.68 +12.10%
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) Free cash flow margin

Alert me on Free cash flow margin

FormFactor, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 18.6%, up 17.1 percentage points from fiscal 2025 (1.50%). Over the past ten years it has ranged from 1.29% (fiscal 2023) to 17.0% (fiscal 2019); the current reading is higher than 18% of that period. That is above the Semiconductor Equipment & Materials industry median of 6.73% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 1.50% (8.86)
FY2024 10.4% 9.07
FY2023 1.29% (7.61)
FY2022 8.90% (0.57)
FY2021 9.47% (6.88)
FY2020 16.4% (0.65)
FY2019 17.0% 7.78
FY2018 9.22% (3.28)
FY2017 12.5% 10.95
FY2016 1.55% (8.61)

Against its own ten years

Low 1.29% High 17.0%
Ten-year median 9.47%
Current reading's percentile 18

Free cash flow margin against peers

Company Free cash flow margin
ONTO Onto Innovation Inc. compare 22.5%
NVMI Nova Ltd. compare 20.2%
FORM FormFactor, Inc. 18.6%
KLIC Kulicke and Soffa Industries, Inc. compare 4.34%
IPGP IPG Photonics Corporation compare 3.39%
CAMT Camtek Ltd. compare 0.00%
AXTI AXT Inc compare 0.00%
AMKR Amkor Technology, Inc. compare −0.20%
ACMR ACM Research, Inc. compare −11.5%
Semiconductor Equipment & Materials industry median 6.73%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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