FORMFACTOR INC FORM
FORMFACTOR INC (FORM) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $785.0M at a 6.9% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.4 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-07-30 | TD Cowen | Hold (main) |
| 2026-07-30 | Evercore ISI Group | Outperform (main) |
| 2026-06-12 | B. Riley Securities | Buy (up) |
| 2026-06-05 | Evercore ISI Group | Outperform (up) |
| 2026-05-12 | B. Riley Securities | Neutral (main) |
| 2026-05-12 | Craig-Hallum | Buy (up) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.354 |
| Retained earnings / assets | 0.143 |
| EBIT / assets | 0.047 |
| Equity / liabilities | 5.48 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| FORM | FORMFACTOR INC | 5/9 | 8.85 | 187.5 | +2.8% |
| SLAB | SILICON LABORATORIES INC. | 5/9 | 11.34 | — | +34.3% |
| TE | T1 Energy Inc. | 4/9 | -2.54 | — | — |
| PLAB | PHOTRONICS INC | 5/9 | 12.9 | 13.3 | -2% |
| ALAB | Astera Labs, Inc. | 5/9 | 14.56 | 306.4 | +115.1% |
| RMBS | RAMBUS INC | 5/9 | 13.71 | 53.8 | +27.1% |
| AOSL | ALPHA & OMEGA SEMICONDUCTOR Ltd | 4/9 | 7.1 | — | +5.9% |
About FORMFACTOR INC
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers' representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.
FAQ
Is FORM financially healthy?
FORMFACTOR INC's Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does FORM pay a dividend?
No, FORMFACTOR INC does not currently pay a dividend.
How profitable is FORM?
In FY2025, FORMFACTOR INC had a net margin of 6.9% and a return on equity of 5.3%.
Is FORM overvalued or undervalued?
FORMFACTOR INC trades at about 186.6× trailing earnings — above its 10-year norm (10-year range 10.9×–102.2×, median 41.3×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for FORM?
The average Wall-Street price target for FORMFACTOR INC is $138.62, about 7.7% above the recent price, from 8 analysts (consensus: buy).
Is FORM a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on FORMFACTOR INC: a Piotroski F-score of 5/9, an Altman Z″ in the safe zone, a P/E of about 187.5×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-27. Facts plus Stocktoria's own computed scores — not investment advice.