InsiderClue
Stocks · Technology · Semiconductors & Related Devices

FORMFACTOR INC

FORM Clue Score36
United States Fiscal year ends December CIK 0001039399
$139.67 +1.85% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $139.67 +289.38% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue383.9Operating income−47.9Net income−6.6EPS, diluted−0.10Fiscal year 2017Revenue548.4 +42.9%Operating income46.3Net income40.9EPS, diluted0.55Fiscal year 2018Revenue529.7 −3.4%Operating income36.1Net income104.0 +154.3%EPS, diluted1.38 +150.9%Fiscal year 2019Revenue589.5 +11.3%Operating income49.7Net income39.3 −62.2%EPS, diluted0.51 −63.0%Fiscal year 2020Revenue693.6 +17.7%Operating income83.8Net income78.5 +99.6%EPS, diluted0.99 +94.1%Fiscal year 2021Revenue769.7 +11.0%Operating income98.0Net income83.9 +6.9%EPS, diluted1.06 +7.1%Fiscal year 2022Revenue747.9 −2.8%Operating income54.9Net income50.7 −39.5%EPS, diluted0.65 −38.7%Fiscal year 2023Revenue663.1 −11.3%Operating income82.8Net income82.4 +62.4%EPS, diluted1.05 +61.5%Fiscal year 2024Revenue763.6 +15.2%Operating income64.8Net income69.6 −15.5%EPS, diluted0.89 −15.2%Fiscal year 2025Revenue785.0 +2.8%Operating income57.1Net income54.4 −21.9%EPS, diluted0.69 −22.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 383.9 548.4 529.7 589.5 693.6 769.7 747.9 663.1 763.6 785.0
Growth +42.9% −3.4% +11.3% +17.7% +11.0% −2.8% −11.3% +15.2% +2.8%
Operating income −47.9 46.3 36.1 49.7 83.8 98.0 54.9 82.8 64.8 57.1
Net income −6.6 40.9 104.0 39.3 78.5 83.9 50.7 82.4 69.6 54.4
Growth +154.3% −62.2% +99.6% +6.9% −39.5% +62.4% −15.5% −21.9%
EPS, diluted −0.10 0.55 1.38 0.51 0.99 1.06 0.65 1.05 0.89 0.69
Growth +150.9% −63.0% +94.1% +7.1% −38.7% +61.5% −15.2% −22.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin26.7%Operating margin−12.5%Net margin−1.7%Free cash flow margin1.5%Fiscal year 2017Gross margin39.3%Operating margin8.4%Net margin7.5%Free cash flow margin12.5%Fiscal year 2018Gross margin39.7%Operating margin6.8%Net margin19.6%Free cash flow margin9.2%Fiscal year 2019Gross margin40.3%Operating margin8.4%Net margin6.7%Free cash flow margin17.0%Fiscal year 2020Gross margin41.5%Operating margin12.1%Net margin11.3%Free cash flow margin16.3%Fiscal year 2021Gross margin41.9%Operating margin12.7%Net margin10.9%Free cash flow margin9.5%Fiscal year 2022Gross margin39.6%Operating margin7.3%Net margin6.8%Free cash flow margin8.9%Fiscal year 2023Gross margin39.0%Operating margin12.5%Net margin12.4%Free cash flow margin1.3%Fiscal year 2024Gross margin40.3%Operating margin8.5%Net margin9.1%Free cash flow margin10.4%Fiscal year 2025Gross margin39.3%Operating margin7.3%Net margin6.9%Free cash flow margin1.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 26.7% 39.3% 39.7% 40.3% 41.5% 41.9% 39.6% 39.0% 40.3% 39.3%
Operating margin −12.5% 8.4% 6.8% 8.4% 12.1% 12.7% 7.3% 12.5% 8.5% 7.3%
Net margin −1.7% 7.5% 19.6% 6.7% 11.3% 10.9% 6.8% 12.4% 9.1% 6.9%
Free cash flow margin 1.5% 12.5% 9.2% 17.0% 16.3% 9.5% 8.9% 1.3% 10.4% 1.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow17.4Capital expenditure−11.5Free cash flow5.9Buybacks0.0Fiscal year 2017Operating cash flow86.3Capital expenditure−17.8Free cash flow68.6 +1,061.8%Buybacks−19.0Fiscal year 2018Operating cash flow68.7Capital expenditure−19.9Free cash flow48.8 −28.8%Buybacks0.0Fiscal year 2019Operating cash flow121.0Capital expenditure−20.8Free cash flow100.2 +105.2%Buybacks0.0Fiscal year 2020Operating cash flow169.3Capital expenditure−55.9Free cash flow113.4 +13.2%Buybacks0.0Fiscal year 2021Operating cash flow139.4Capital expenditure−66.5Free cash flow72.9 −35.7%Buybacks−24.0Fiscal year 2022Operating cash flow131.8Capital expenditure−65.3Free cash flow66.5 −8.7%Buybacks−82.3Fiscal year 2023Operating cash flow64.6Capital expenditure−56.0Free cash flow8.6 −87.1%Buybacks−19.8Fiscal year 2024Operating cash flow117.5Capital expenditure−38.4Free cash flow79.1 +822.4%Buybacks−53.3Fiscal year 2025Operating cash flow115.4Capital expenditure−103.7Free cash flow11.7 −85.2%Buybacks−26.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 17.4 86.3 68.7 121.0 169.3 139.4 131.8 64.6 117.5 115.4
Capital expenditure −11.5 −17.8 −19.9 −20.8 −55.9 −66.5 −65.3 −56.0 −38.4 −103.7
Free cash flow 5.9 68.6 48.8 100.2 113.4 72.9 66.5 8.6 79.1 11.7
Growth +1,061.8% −28.8% +105.2% +13.2% −35.7% −8.7% −87.1% +822.4% −85.2%
Buybacks 0.0 −19.0 0.0 0.0 0.0 −24.0 −82.3 −19.8 −53.3 −26.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash101.4Total debt138.2Net cash (debt)−36.8Shareholders’ equity401.1Debt to equity0.34Fiscal year 2017Cash91.2Total debt105.7Net cash (debt)−14.5Shareholders’ equity458.6Debt to equity0.23Fiscal year 2018Cash98.5Total debt64.8Net cash (debt)33.7Shareholders’ equity580.2Debt to equity0.11Fiscal year 2019Cash144.5Total debt58.5Net cash (debt)86.1Shareholders’ equity641.0Debt to equity0.09Fiscal year 2020Cash187.2Total debt34.5Net cash (debt)152.7Shareholders’ equity744.1Debt to equity0.05Fiscal year 2021Cash151.0Total debt24.4Net cash (debt)126.6Shareholders’ equity815.8Debt to equity0.03Fiscal year 2022Cash109.1Total debt15.4Net cash (debt)93.7Shareholders’ equity808.3Debt to equity0.02Fiscal year 2023Cash177.8Total debt14.4Net cash (debt)163.4Shareholders’ equity908.8Debt to equity0.02Fiscal year 2024Cash190.7Total debt13.3Net cash (debt)177.4Shareholders’ equity947.8Debt to equity0.01Fiscal year 2025Cash103.3Total debt12.2Net cash (debt)91.1Shareholders’ equity1,035.4Debt to equity0.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 101.4 91.2 98.5 144.5 187.2 151.0 109.1 177.8 190.7 103.3
Total debt 138.2 105.7 64.8 58.5 34.5 24.4 15.4 14.4 13.3 12.2
Net cash (debt) −36.8 −14.5 33.7 86.1 152.7 126.6 93.7 163.4 177.4 91.1
Shareholders’ equity 401.1 458.6 580.2 641.0 744.1 815.8 808.3 908.8 947.8 1,035.4
Debt to equity 0.34 0.23 0.11 0.09 0.05 0.03 0.02 0.02 0.01 0.01

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 30 Dec 2017 FY2018 29 Dec 2018 FY2019 28 Dec 2019 FY2020 26 Dec 2020 FY2021 25 Dec 2021 FY2022 31 Dec 2022 FY2023 30 Dec 2023 FY2024 28 Dec 2024 FY2025 27 Dec 2025
Margins
26.7% 39.3% 39.7% 40.3% 41.5% 41.9% 39.6% 39.0% 40.3% 39.3%
−12.5% 8.4% 6.8% 8.4% 12.1% 12.7% 7.3% 12.5% 8.5% 7.3%
−13.1% 7.7% 6.4% 8.7% 12.3% 12.8% 7.7% 13.5% 10.4% 8.8%
−1.7% 7.5% 19.6% 6.7% 11.3% 10.9% 6.8% 12.4% 9.1% 6.9%
1.5% 12.5% 9.2% 17.0% 16.3% 9.5% 8.9% 1.3% 10.4% 1.5%
Spending
15.0% 13.5% 14.2% 13.8% 12.8% 13.1% 14.6% 17.5% 16.0% 14.7%
19.1% 17.4% 18.7% 18.0% 16.6% 16.1% 17.6% 20.1% 18.6% 17.0%
3.0% 3.2% 3.8% 3.5% 8.1% 8.6% 8.7% 8.4% 5.0% 13.2%
n/a 3.1% −206.6% 22.9% 7.8% 14.8% 12.3% 7.7% 12.3% 18.7%
Returns
−1.6% 8.9% 17.9% 6.1% 10.6% 10.3% 6.3% 9.1% 7.3% 5.3%
−1.1% 6.3% 14.3% 4.7% 8.2% 8.2% 5.0% 7.4% 6.1% 4.4%
Balance and payout
0.34 0.23 0.11 0.09 0.05 0.03 0.02 0.02 0.01 0.01
35.2% 29.1% 20.3% 23.7% 22.8% 20.1% 19.8% 17.9% 17.3% 15.4%
0.0% 27.7% 0.0% 0.0% 0.0% 33.0% 123.7% 230.9% 67.4% 223.5%