Entegris, Inc. (ENTG) vs FormFactor, Inc. (FORM)

Entegris, Inc. and FormFactor, Inc. are both Semiconductor Equipment & Materials companies. Entegris, Inc. is the larger, with a market value of $19.1B against $5.6B — 3.4× the size. FormFactor, Inc. trades at the lower P/E: 32.8× against 49.6×. FormFactor, Inc. grew revenue faster over the last twelve months: 29.1% against 9.38%. FormFactor, Inc. has the higher net margin (17.7% vs 11.1%) and the higher return on invested capital (14.1% vs 5.54%). Across the 22 metrics below, FormFactor, Inc. leads on 15 and Entegris, Inc. on 7.

Valuation

Metric ENTG FORM Semiconductor Equipment & Materials median
P/E 49.56 32.80 33.70
P/S 5.53 5.82 4.22
P/B 4.50 4.83 2.94
Price to free cash flow 31.67 31.32 31.49
EV/EBITDA 22.57 24.89 22.64
EV/Sales 6.37 5.42 4.97
Earnings yield 2.02% 3.05% 2.02%
Free cash flow yield 3.16% 3.19% 2.27%

Profitability

Metric ENTG FORM Semiconductor Equipment & Materials median
Gross margin 47.14% 47.13% 46.86%
Operating margin 18.21% 18.32% 12.02%
Net margin 11.14% 17.72% 10.16%
Free cash flow margin 17.48% 18.57% 6.73%
Return on equity 9.55% 15.85% 5.31%
Return on assets 4.64% 13.18% 4.10%
Return on invested capital 5.54% 14.09% 6.36%

Growth

Metric ENTG FORM Semiconductor Equipment & Materials median
Revenue growth (TTM) 9.38% 29.08% 15.82%
EPS growth (last fiscal year) (19.69%) (22.47%) (4.56%)
Revenue growth, 5-year CAGR 11.45% 2.51% 10.11%
Net income growth, 5-year CAGR (4.40%) (7.09%) 0.00%

Health

Metric ENTG FORM Semiconductor Equipment & Materials median
Debt to equity 0.75 0.01 0.09
Current ratio 2.66 3.68 3.56
Net debt to EBITDA 3.90 (2.85) (0.49)

Dividend

Metric ENTG FORM Semiconductor Equipment & Materials median
Dividend yield 0.31% — 0.59%
Payout ratio 0.16 — 0.16

Size

Metric ENTG FORM Semiconductor Equipment & Materials median
Market cap 19.06b 5.63b 3.04b

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