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) Operating margin

Alert me on Operating margin

FormFactor, Inc.'s operating margin over the twelve months to 30 September 2026 was 18.3%, up 11.0 percentage points from fiscal 2025 (7.27%). Over the past ten years it has ranged from −12.5% (fiscal 2016) to 12.7% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Semiconductor Equipment & Materials industry median of 12.0% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 7.27% (1.21)
FY2024 8.48% (4.00)
FY2023 12.5% 5.14
FY2022 7.34% (5.40)
FY2021 12.7% 0.66
FY2020 12.1% 3.66
FY2019 8.42% 1.60
FY2018 6.82% (1.62)
FY2017 8.44% 20.92
FY2016 −12.5% (11.03)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 29.1% 6.70
Jun 2026 22.4% 15.02
Mar 2026 7.36% (3.56)
Dec 2025 10.9% 2.04
43 more quarters

Against its own ten years

Low −12.5% High 12.7%
Ten-year median 8.42%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
NVMI Nova Ltd. compare 29.0%
CAMT Camtek Ltd. compare 23.5%
AXTI AXT Inc compare 19.6%
FORM FormFactor, Inc. 18.3%
ACMR ACM Research, Inc. compare 13.3%
KLIC Kulicke and Soffa Industries, Inc. compare 13.2%
ONTO Onto Innovation Inc. compare 12.0%
AMKR Amkor Technology, Inc. compare 9.51%
IPGP IPG Photonics Corporation compare 1.89%
Semiconductor Equipment & Materials industry median 12.0%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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