FormFactor, Inc. (FORM) vs Qnity Electronics, Inc. (Q)

FormFactor, Inc. and Qnity Electronics, Inc. are both Semiconductor Equipment & Materials companies. Qnity Electronics, Inc. is the larger, with a market value of $25.6B against $10.3B — 2.5× the size. Qnity Electronics, Inc. trades at the lower P/E: 44.5× against 87.8×. FormFactor, Inc. has the higher net margin (12.8% vs 11.3%) and the higher return on invested capital (9.33% vs 6.10%). Across the 19 metrics below, Qnity Electronics, Inc. leads on 12 and FormFactor, Inc. on 7.

Valuation

Metric FORM Q Semiconductor Equipment & Materials median
P/E 87.75 44.54 54.39
P/S 11.23 5.01 6.08
P/B 9.12 3.46 4.89
Price to free cash flow 74.19 31.44 60.92
EV/EBITDA 64.77 20.55 39.95
EV/Sales 10.86 5.60 6.36
Earnings yield 1.14% 2.25% 1.14%
Free cash flow yield 1.35% 3.18% 1.28%

Profitability

Metric FORM Q Semiconductor Equipment & Materials median
Gross margin 43.13% 46.22% 43.95%
Operating margin 12.85% 19.87% 10.32%
Net margin 12.80% 11.25% 7.45%
Free cash flow margin 15.14% 15.95% 6.77%
Return on equity 10.99% 6.36% 4.78%
Return on assets 9.15% 8.18% 3.62%
Return on invested capital 9.33% 6.10% 6.10%

Growth

Metric FORM Q Semiconductor Equipment & Materials median
Revenue growth (TTM) 18.01% — 14.60%
EPS growth (last fiscal year) (22.47%) (4.56%) —
Revenue growth, 5-year CAGR 2.51% — 8.85%
Net income growth, 5-year CAGR (7.09%) — 0.00%

Health

Metric FORM Q Semiconductor Equipment & Materials median
Debt to equity 0.01 0.53 0.09
Current ratio 4.08 2.01 3.66
Net debt to EBITDA (2.85) 2.31 (0.49)

Dividend

Metric FORM Q Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 — 0.00

Size

Metric FORM Q Semiconductor Equipment & Materials median
Market cap 10.27b 25.60b 4.63b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack