Pricing Log in Create free account
Friday 6 November 2026 Export ICHR’s income statement to Excel — free account

Ichor Holdings, Ltd.

ICHR Technology Semiconductor Equipment & Materials

Ichor Holdings, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $947.7 million, up 11.6% from fiscal 2024.

Revenue
+37.4%
EPS
+183.4%
Free cash flow
−1,983.5%
Total debt
−3.55%

Quarter to September 2026, against a year earlier

30.27 2.24 +7.99%
Market cap
$1.1B
P/E
483×
Fwd P/E
54.5×
Dividend yield
—
F-score
4/9
Altman Z
2.78
Beneish M
−2.88
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 13.97
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 6 — — 4 3 — 2 3 2 —
Insider Ownership 2.10%

Capital & Financial Ratios $m

Size
Market Cap 1,050.00
Revenue ttm 1,103.16
Net income ttm 3.52
Free cash flow ttm (67.24)
Net debt Q (94.43)
Valuation
P/E 482.51 (above 35: high)
Forward P/E 54.50 (above 35: high)
Price / sales 0.97
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.20
Financial health
Current ratio Q 3.56 (at or above 1.5: strong)
Debt / equity Q 0.13 (at or below 0.5: strong)
Interest coverage Q 51.84
Growth
Revenue growth Q +37.36% (above 0%: growing)
Operating income growth Q +217.43% (above 0%: growing)
EPS, this year +681.52% (at or above 15%: strong)
EPS, next year A +90.69% (at or above 15%: strong)
Revenue, next year A +31.38% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +160.63% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.0×; over the ten years it ranged from 0.1× in 2017 to 3.8× in 2026.
P/E against its own 10 years 98.49%
10-year low 10-year high
P/S against its own 10 years 53.90%
10-year low 10-year high
P/B against its own 10 years 11.23%
10-year low 10-year high
EV/Sales against its own 10 years 26.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 80 109 98 214
Receivables 67 87 71 141
Inventory 246 250 232 330
Other — — — —
401 453 410 703
2023 2024 2025 Q'26
Payables 60 92 84 136
ST’ Debt 8 8 6 6
Other 7 9 11 18
99 136 130 197

Compound Annual Growth %

10y 5y 3y
Sales 12.55% 0.72% (9.54%)
Cash Flow 1.14% (4.82%) (1.69%)
Earnings 0.00% 0.00% 0.00%
Book Value 24.42% 10.03% 4.16%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.45 Actual 0.63

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.06 0.01 Beat by 0.07
Q1 FY26 0.13 0.15 Beat by 0.02
Q2 FY26 0.31 0.34 Beat by 0.03
Q3 FY26 0.45 0.63 Beat by 0.18
Q4 FY26 0.62 — Reports 8 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.07) 0.03 0.55 — —
’25 (0.13) (0.28) (0.67) (0.46) (1.54)
’24 (0.30) (0.15) (0.08) (0.12) (0.64)
’23 0.00 (0.71) (0.36) (0.40) (1.47)
’22 0.28 0.74 1.00 0.49 2.51
’21 0.51 0.79 0.64 0.51 2.45
’20 0.15 0.30 0.45 0.51 1.42
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 256 295 329 — —
’25 244 240 239 224 948
’24 201 203 211 233 849
’23 226 185 197 203 811
’22 293 330 356 302 1,280
’21 265 282 263 287 1,097
’20 220 222 228 245 914
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (16) (29) — —
’25 19 (8) 9 9 30
’24 5 17 8 (2) 28
’23 (11) 27 4 38 58
’22 (36) 9 20 39 31
’21 26 13 (14) (9) 15
’20 (21) (4) 23 40 38
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (10) (24) (40) — —
’25 0 (15) 2 6 (6)
’24 0 15 2 (7) 10
’23 (18) 23 2 35 42
’22 (40) (2) 12 32 2
’21 20 4 (18) (11) (5)
’20 (24) (7) 21 39 29
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 406 656 824 621 914 1,097 1,280 811 849 948 1,103 +9.9% 1,245 1,659 1,788 +23.6%
Gross margin, % 16.12 15.36 16.53 13.91 13.66 16.18 16.55 12.75 12.17 9.26 13.26 (6.9) pt
EBT 20 43 54 4 32 74 75 (31) (18) (48) 12 n/m
EBT margin, % 4.96 6.56 6.58 0.69 3.53 6.72 5.88 (3.83) (2.13) (5.02) 1.08 (10.0) pt
Net income 17 56 58 11 33 71 73 (43) (21) (53) 4 n/m
Per share, $
Per share, $ Revenue 269.96 26.11 33.34 27.69 39.45 38.82 44.58 27.78 25.92 27.68 29.43 (22.4%)
Earnings 0.92 2.05 2.34 0.48 1.44 2.51 2.54 (1.47) (0.64) (1.54) 0.06 n/m
Cash flow 18.45 1.54 2.45 2.55 1.65 0.54 1.10 1.97 0.85 0.87 (1.03) (28.8%)
Capex (2.52) (0.33) (0.56) (0.91) (0.41) (0.72) (1.02) (0.53) (0.54) (1.06) (0.77) (9.2%)
Free cash flow 15.92 1.22 1.88 1.64 1.24 (0.18) 0.07 1.44 0.31 (0.18) (1.79) n/m
Book value 94.25 8.63 8.03 9.88 17.77 17.72 20.46 19.34 21.32 19.39 23.69 (16.1%)
Shares, m 2 25 25 22 23 28 29 29 33 34 35 +41.5%
Valuation, ×
Valuation, × P/E 0.14 12.63 7.15 70.04 21.08 18.41 10.53 0.00 0.00 0.00 482.51 14.0
P/S 0.13 0.99 0.49 1.20 0.76 1.19 0.60 1.20 1.24 0.67 0.97 0.8
P/B 0.37 3.00 2.03 3.37 1.70 2.60 1.30 1.72 1.51 0.95 1.20 1.9
EV/Sales 0.10 1.17 0.68 1.39 0.71 1.38 0.77 1.41 1.27 0.69 0.88 1.0
EV/FCF 1.77 24.93 12.02 23.55 31.44 (114.92) (159.86) 33.60 512.82 (45.47) (12.88) 32.0
Cash, $m
Cash, $m Operating cash flow 28 39 60 57 38 15 31 58 28 30 (38) +0.8%
Capex (4) (8) (14) (20) (10) (20) (29) (15) (18) (36) (29) +28.5%
Free cash flow 24 31 47 37 29 (5) 2 42 10 (6) (67) n/m
Balance, $m
Balance, $m Working capital 56 131 124 113 334 254 347 302 317 281 505 +19.6%
Net debt (15) 117 157 117 (53) 217 214 169 20 25 (94) n/m
Shareholders’ equity 142 217 198 221 412 501 587 565 698 664 888 +18.7%
Returns, %
Returns, % ROA 0.57 13.44 11.10 2.04 4.96 7.90 6.92 (4.25) (2.15) (5.45) 0.32 (6.0) pt
ROIC 11.75 8.64 11.25 2.76 7.23 7.05 6.69 (0.93) (0.66) (3.56) 1.44 (15.3) pt
ROE 3.74 31.50 27.89 5.11 10.51 15.54 13.38 (7.46) (3.30) (7.75) 0.45 (11.5) pt
People
People Employees 587 1,420 1,490 1,715 2,030 2,540 2,980 2,245 2,380 2,448 — +17.2%
Revenue/emp, $m 0.69 0.46 0.55 0.36 0.45 0.43 0.43 0.36 0.36 0.39 — (6.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Ichor Holdings, Ltd. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ACLS Axcelis Technologies, Inc. $2.8B 26.6× 35.3× +11.31% (above 0%: growing) +46.99% (above 0%: growing) −12.96% (below 0%: shrinking) 40.97% 11.50% Compare
IPGP IPG Photonics Corporation $2.6B 65.0× 65.8× +14.64% (above 0%: growing) +164.83% (above 0%: growing) +105.15% (above 0%: growing) 40.71% 7.23% Compare
AMBA Ambarella, Inc. $2.4B — (loss-making) — (loss-making) +13.21% (above 0%: growing) n/m −612.08% (below 0%: shrinking) 57.73% (7.53%) Compare
VECO Veeco Instruments Inc. $2.0B 80.7× 43.4× +26.23% (above 0%: growing) +22.22% (above 0%: growing) +313.69% (above 0%: growing) 38.39% 6.73% Compare
UCTT Ultra Clean Holdings, Inc. $1.8B 60.9× 30.1× +48.82% (above 0%: growing) n/m −692.31% (below 0%: shrinking) 16.92% 7.08% Compare
COHU Cohu, Inc. $1.7B — (loss-making) 353× +37.00% (above 0%: growing) n/m +116.61% (above 0%: growing) 45.51% 7.40% Compare
AEHR Aehr Test Systems $1.6B — (loss-making) 106× +33.69% (above 0%: growing) n/m +133.16% (above 0%: growing) 42.57% (6.40%) Compare
PLAB Photronics, Inc. $1.5B 9.0× 12.3× +2.69% (above 0%: growing) +25.00% (above 0%: growing) +56.06% (above 0%: growing) 33.20% 21.06% Compare
ICHR Ichor Holdings, Ltd. $1.1B 483× 54.5× +37.36% (above 0%: growing) n/m −1,983.47% (below 0%: shrinking) 15.83% 6.94%
Median of peers $1.9B 60.9× 43.4× +20.43% +36.00% +80.61% 40.84% 7.16%

All 30 Semiconductor Equipment & Materials stocks →

Pay and ownership Proxy statement filed 1 April 2026

Ownership

Directors and executive officers, together 1.70%
BlackRock, Inc. 14.90%
Invesco Ltd. 8.70%
Barrow Hanley Mewhinney & Strauss LLC 5.60%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ichor Holdings, Ltd. (ICHR) Latest News

3 Nov

Impact 4 · · Moby
Impact 4 · · GuruFocus.com
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · The Motley Fool
Impact 3 · · The Motley Fool transcript

2 Nov

Impact 3 · · Associated Press
Impact 3 · · MarketBeat transcript
Impact 3 · · The Motley Fool
Impact 3 · · Zacks
Impact 3 · · Business Wire

29 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

28 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks

25 Oct

Impact 4 · · Simply Wall St.

14 Oct

Impact 3 · · MT Newswires

23 Sep

Impact 4 ·

22 Sep

Impact 3 ·

2 Sep

Impact 3 ·

10 Aug

Impact 4 · · The Motley Fool transcript

4 Aug

Impact 4 ·
Impact 3 ·
Impact 3 · · Moby
Impact 3 · transcript

3 Aug

Impact 4 · · MarketBeat
Impact 3 ·
Impact 3 ·

30 Jul

Impact 3 ·
stockrow.com/ICHR · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com