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

80.39 8.63 +12.03%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, FormFactor, Inc. (FORM) trades at a price to free cash flow of 31.3×. Over the past ten years it has ranged from 0.0× (December 2016) to 865× (December 2023); the current reading is higher than 50% of that period. That is in line with the Semiconductor Equipment & Materials industry median of 31.5× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 368× 754.22%
FY2024 43.0× (88.18%)
FY2023 364× 1,324.40%
FY2022 25.6× (47.63%)
FY2021 48.8× 67.76%
FY2020 29.1× 49.68%
FY2019 19.4× (8.29%)
FY2018 21.2× 22.19%
FY2017 17.3× (85.99%)
FY2016 124× 581.86%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 64.2× (29.72%)
Jun 2026 91.4× (55.66%)
Mar 2026 206× (43.93%)
Dec 2025 368× (29.18%)
43 more quarters

Against its own ten years

Low 0.0× High 865×
Ten-year median 30.9×
Current reading's percentile 50

Price to free cash flow against peers

Company Price to free cash flow
AXTI AXT Inc compare n/m
AMKR Amkor Technology, Inc. compare n/m
ACMR ACM Research, Inc. compare n/m
CAMT Camtek Ltd. compare 18.6×
ONTO Onto Innovation Inc. compare 30.9×
FORM FormFactor, Inc. 31.3×
NVMI Nova Ltd. compare 47.2×
IPGP IPG Photonics Corporation compare 70.4×
KLIC Kulicke and Soffa Industries, Inc. compare 76.9×
Semiconductor Equipment & Materials industry median 31.5×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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