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) Return on invested capital

Alert me on Return on invested capital

FormFactor, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 14.1%, up 9.5 percentage points from fiscal 2025 (4.62%). Over the past ten years it has ranged from −6.96% (fiscal 2016) to 10.9% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Semiconductor Equipment & Materials industry median of 6.36% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 4.62% (2.16)
FY2024 6.78% (1.93)
FY2023 8.71% 2.84
FY2022 5.87% (5.04)
FY2021 10.9% 0.87
FY2020 10.0% 3.53
FY2019 6.51% 1.95
FY2018 4.56% (2.27)
FY2017 6.83% 13.79
FY2016 −6.96% (4.57)

Against its own ten years

Low −6.96% High 10.9%
Ten-year median 6.51%
Current reading's percentile 36

Return on invested capital against peers

Company Return on invested capital
KLIC Kulicke and Soffa Industries, Inc. compare 19.8%
NVMI Nova Ltd. compare 14.4%
FORM FormFactor, Inc. 14.1%
CAMT Camtek Ltd. compare 13.0%
AMKR Amkor Technology, Inc. compare 9.01%
ACMR ACM Research, Inc. compare 6.70%
ONTO Onto Innovation Inc. compare 5.56%
AXTI AXT Inc compare 4.55%
IPGP IPG Photonics Corporation compare 1.06%
Semiconductor Equipment & Materials industry median 6.36%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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