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FORMFACTOR INC FORM

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 2003-06-12 · LEI

FORMFACTOR INC statistics & valuation

Market cap$10.2B
P / E187.5×
P / S13.0×
P / B9.8×
P / FCF868.1×
Net margin6.9%
Return on equity5.3%
FCF margin1.5%
Net cash$91.1M
Net debt / EBITDA-1×
Enterprise value USD$10.1B
Earnings yield EBIT/EV0.6%
Return on capital5.2%
Graham number -88.9%$14.33

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($14.33); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-1.70% 7.50% 19.60% 6.70% 11.30% 10.90% 6.80% 12.40% 9.10% 6.90% 2016201720182019202020212022202320242025
Gross margin (%)
26.70% 39.30% 39.70% 40.30% 41.50% 41.90% 39.60% 39.00% 40.30% 39.30% 2016201720182019202020212022202320242025
Operating margin (%)
-12.50% 8.40% 6.80% 8.40% 12.10% 12.70% 7.30% 12.50% 8.50% 7.30% 2016201720182019202020212022202320242025
Return on equity (%)
-1.60% 8.90% 17.90% 6.10% 10.60% 10.30% 6.30% 9.10% 7.30% 5.30% 2016201720182019202020212022202320242025
Shares outstanding
70.9M 74.2M 75.2M 77.3M 79.0M 79.1M 78.2M 78.2M 78.4M 78.3M 2016201720182019202020212022202320242025
Net debt ($)
$36.8M $14.5M -$33.7M -$86.1M -$152.7M -$126.6M -$93.7M -$163.4M -$177.4M -$91.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-1.10% 6.30% 14.30% 4.70% 8.20% 8.20% 5.00% 7.40% 6.10% 4.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
1.50% 12.50% 9.20% 17.00% 16.30% 9.50% 8.90% 1.30% 10.40% 1.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.34× 0.23× 0.11× 0.09× 0.05× 0.03× 0.02× 0.02× 0.01× 0.01× 2016201720182019202020212022202320242025
EPS ($)
-$0.10 $0.55 $1.38 $0.51 $0.99 $1.06 $0.65 $1.05 $0.89 $0.69 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FORMFACTOR INC trades at about 186.6× earnings — above its 10-year norm (10-year range 10.9×–102.2×, median 41.3×).

10.9× 186.6×

Shaded band = 10-year range (10.9×–102.2×); dot = today's 186.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin39.3%40.3%39.0%39.6%41.9%41.5%40.3%39.7%39.3%26.7%
Operating margin7.3%8.5%12.5%7.3%12.7%12.1%8.4%6.8%8.4%-12.5%
Net margin6.9%9.1%12.4%6.8%10.9%11.3%6.7%19.6%7.5%-1.7%
FCF margin1.5%10.4%1.3%8.9%9.5%16.3%17.0%9.2%12.5%1.5%
Return on assets4.4%6.1%7.4%5.0%8.2%8.2%4.7%14.3%6.3%-1.1%
Return on equity5.3%7.3%9.1%6.3%10.3%10.6%6.1%17.9%8.9%-1.6%
Debt / equity0.01×0.01×0.02×0.02×0.03×0.05×0.09×0.11×0.23×0.34×
Current ratio4.504.614.383.173.523.153.073.303.323.08

Computed from company filings · US · as of 2025-12-27. Facts plus Stocktoria's own computed scores — not investment advice.