FormFactor Inc

FormFactor Inc

FORM · NASDAQ · Technology / Semiconductor Equipment & Materials

87.53USD-4.79 (-5.19%)

Price History

Full chart

Market Stats

Previous Close92.32
Open90.46
Day Range85.07 – 91.96
52-Week Range47.33 – 160.27
Volume1.30M
Market Cap8.35B
P/E (TTM)73.69
Forward P/E28.17
EPS1.45
Dividend Yield0.00%
Beta1.18
50-Day Avg117.44
200-Day Avg113.68

About

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. It 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 sells its products through direct sales force, manufacturers' representatives, and distributors. It has a strategic collaboration with Teradyne. The company was incorporated in 1993 and is headquartered in Livermore, California.

Company Details

  • SectorTechnology
  • IndustrySemiconductor Equipment & Materials
  • CEODr. Michael D. Slessor Ph.D.
  • Employees2.15K
  • Headquarters7005 Southfront Road, Livermore, CA, United States, 94551, USA
  • Websitehttps://www.formfactor.com

Leadership

  • Dr. Michael D. Slessor Ph.D.CEO, President & Director
  • Mr. Aric McKinnisSenior VP & CFO · b. 1983
  • Ms. Missy FigueroaSenior Vice President of Global Operations
  • Mr. Steven NottSenior VP & Chief Information Officer
  • Mr. Stan FinkelsteinHead of Investor Relations
  • Ms. Aliza ScottSenior VP & Chief Human Resources Officer
  • Mr. Aasutosh DaveSenior Vice President & Chief Commercial Officer
  • Mr. Sudhakar RamanSenior VP & GM of Probes Business Unit
  • Mr. Jens KlattenhoffSenior VP & GM of Systems Business Unit

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue56.41M73.43M78.68M98.30M177.76M237.50M369.21M462.19M210.19M135.34M188.56M169.32M178.53M231.53M268.53M282.36M383.88M548.44M529.67M589.46M693.62M769.67M747.94M663.10M763.60M784.99M
Growth (%)-+30.19%+7.15%+24.93%+80.83%+33.60%+55.46%+25.18%-54.52%-35.61%+39.33%-10.20%+5.44%+29.68%+15.98%+5.15%+35.96%+42.87%-3.42%+11.29%+17.67%+10.97%-2.82%-11.34%+15.16%+2.80%
Cost of Revenue28.24M38.38M39.46M49.93M90.16M130.10M178.24M215.48M173.93M134.52M190.84M148.37M153.20M189.25M191.09M196.62M281.20M332.84M319.34M351.97M405.70M446.91M451.93M404.52M455.68M477.78M
Gross Profit-28.24M35.05M39.23M48.37M87.60M107.39M190.98M246.71M36.26M819.00K-2.27M20.96M25.33M42.28M77.44M85.74M102.68M215.60M210.34M237.50M287.92M322.77M296.01M258.58M307.92M307.21M
Gross Margin-50.07%47.73%49.86%49.21%49.28%45.22%51.73%53.38%17.25%0.61%-1.20%12.38%14.19%18.26%28.84%30.36%26.75%39.31%39.71%40.29%41.51%41.94%39.58%39.00%40.33%39.14%
Operating Expense-28.72M35.17M32.64M36.10M51.49M72.09M118.15M153.50M174.27M146.00M194.91M91.32M89.45M101.08M98.00M89.84M150.59M169.30M174.23M187.83M204.13M224.73M241.10M175.82M243.14M242.99M
Operating Income475.00K-125.00K6.59M12.28M36.11M35.30M72.83M93.20M-138.01M-145.19M-197.18M-70.36M-64.12M-58.79M-20.56M-4.10M-47.91M46.30M36.11M49.66M83.79M98.04M54.91M82.76M64.78M64.22M
Operating Margin0.84%-0.17%8.38%12.49%20.32%14.86%19.73%20.17%-65.66%-107.28%-104.57%-41.55%-35.91%-25.39%-7.66%-1.45%-12.48%8.44%6.82%8.42%12.08%12.74%7.34%12.48%8.48%8.18%
EBITDA-55.93M-52.00K11.98M17.42M43.73M51.81M94.72M120.01M-92.27M-102.41M-96.71M-58.45M-47.13M-24.16M13.82M20.23M-1.01M91.26M80.93M97.83M134.72M143.62M96.49M82.76M112.73M114.82M
EBITDA Margin-99.16%-0.07%15.23%17.72%24.60%21.82%25.65%25.97%-43.90%-75.67%-51.29%-34.52%-26.40%-10.44%5.15%7.17%-0.26%16.64%15.28%16.60%19.42%18.66%12.90%12.48%14.76%14.63%
Net Income2.08M45.00K10.36M8.56M25.18M30.18M60.79M72.89M-80.62M-155.65M-188.29M-65.98M-35.54M-57.68M-19.18M-1.52M-6.56M40.91M104.04M39.35M78.52M83.92M50.74M82.39M69.61M54.36M
Net Income Margin3.69%0.06%13.17%8.71%14.16%12.71%16.46%15.77%-38.36%-115.01%-99.85%-38.97%-19.91%-24.91%-7.14%-0.54%-1.71%7.46%19.64%6.67%11.32%10.90%6.78%12.42%9.12%6.93%
R&D11.99M14.62M14.59M15.57M19.81M28.35M46.61M60.95M65.51M57.51M55.39M43.54M40.13M42.14M42.73M44.18M57.45M73.81M74.98M81.50M89.03M100.94M109.22M115.77M121.94M115.92M
R&D as % of Total Revenue21.27%19.91%18.55%15.84%11.15%11.94%12.62%13.19%31.17%42.49%29.37%25.72%22.48%18.20%15.91%15.65%14.97%13.46%14.16%13.83%12.84%13.11%14.60%17.46%15.97%14.77%
Interest Expense1.72M477.00K727.00K2.13M2.82M2.10M15.59M23.56M12.45M3.28M2.55M1.40M691.00K386.00K302.00K285.00K2.39M4.49M3.31M1.92M864.00K602.00K579.00K421.00K418.00K521.00K
Interest Expense % of Total Revenue3.05%0.65%0.92%2.17%1.59%0.88%4.22%5.10%5.92%2.43%1.35%0.83%0.39%0.17%0.11%0.10%0.62%0.82%0.63%0.32%0.12%0.08%0.08%0.06%0.05%0.07%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets47.50M62.26M77.52M236.11M302.57M381.36M698.33M855.32M785.71M653.83M466.05M383.07M395.68M340.71M344.24M342.72M619.99M646.57M728.22M839.88M963.22M1.02B1.01B1.11B1.15B1.22B
Total Liabilities66.08M79.85M82.56M22.16M37.39M63.57M80.72M98.37M79.65M76.05M54.85M36.42M56.42M46.62M54.81M48.04M218.94M187.94M148.06M198.88M219.13M204.74M199.94M197.99M198.45M189.04M
Total Equity-18.59M-17.58M-5.04M213.95M265.18M317.79M617.61M756.95M706.06M577.78M411.20M346.65M339.26M294.09M289.44M294.68M401.06M458.64M580.16M641.00M744.08M815.78M808.28M908.80M947.77M1.04B
Cash11.93M20.57M26.79M116.31M34.84M31.22M284.13M315.23M337.93M122.04M121.21M139.05M72.24M59.20M113.94M146.26M101.41M91.18M98.47M144.54M187.22M151.01M109.13M177.81M190.73M103.33M
Total Debt--1.50M---------913.00K270.00K--141.88M105.67M64.81M94.12M69.19M63.27M50.37M48.15M39.23M44.85M
Net Debt---25.29M-116.31M-34.84M-31.22M-284.13M-315.23M-337.93M-122.04M-121.21M-139.05M-71.33M-58.93M-113.94M-146.26M36.77M14.49M-33.66M-50.42M-118.03M-87.73M-58.76M-129.67M-151.50M-58.48M

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow935.00K10.26M12.85M12.97M35.67M37.75M105.37M84.80M-24.37M-52.67M-73.10M-29.34M-26.23M-5.80M17.66M36.12M17.42M86.32M68.70M121.05M169.26M139.36M131.79M64.60M117.53M115.40M
Investing Cash Flow4.21M--7.50M-64.07M-28.19M-53.96M--95.08M40.74M-174.41M69.84M60.71M-40.70M-7.75M37.34M1.13M-206.32M-59.67M-21.30M-66.35M-98.92M-124.74M-75.70M29.05M-33.48M-191.47M
Financing Cash Flow2.46M9.98M863.00K140.58M14.49M12.39M214.91M41.48M5.95M11.45M3.10M-12.90M2.14M2.00M2.54M-4.79M143.61M-39.47M-39.33M-6.58M-30.93M-47.20M-95.93M-22.71M-64.61M-13.63M
Capital Expenditure6.29M9.36M4.18M9.08M37.73M28.32M38.14M48.66M30.25M18.97M30.91M7.70M7.95M8.53M5.67M8.64M11.52M17.76M19.87M20.85M55.87M66.50M65.25M56.03M38.44M103.66M
Free Cash Flow--8.68M3.89M35.67M9.43M67.24M36.15M-54.62M-71.64M-104.01M-37.04M-34.18M-14.33M11.99M27.48M5.90M68.57M48.83M100.20M113.39M72.87M66.53M8.57M79.10M11.74M
Dividends Paid-----------0000000-8.03M15.45M--1--
FCF to OCF--67.50%30.00%100.00%24.98%63.81%42.62%224.11%136.02%142.29%126.24%130.32%247.02%67.89%76.08%33.87%79.43%71.08%82.78%66.99%52.29%50.48%13.27%67.30%10.17%
Dividend Paid to FCF-----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%-8.01%13.63%--0.00%--

Earnings

Report DateJul 29, 2003Oct 16, 2003Jan 20, 2004Apr 22, 2004Jul 20, 2004Oct 19, 2004Feb 10, 2005Apr 20, 2005Jul 20, 2005Oct 19, 2005Feb 1, 2006Apr 26, 2006Jul 27, 2006Oct 25, 2006Jan 31, 2007Apr 25, 2007Jul 25, 2007Nov 9, 2007Feb 5, 2008Apr 29, 2008Jul 30, 2008Oct 28, 2008Jan 28, 2009Apr 29, 2009Jul 29, 2009Oct 28, 2009Jan 28, 2010Apr 27, 2010Jul 27, 2010Oct 26, 2010Feb 1, 2011Apr 26, 2011Jul 26, 2011Oct 27, 2011Feb 7, 2012May 1, 2012Aug 1, 2012Nov 1, 2012Feb 6, 2013May 1, 2013Jul 31, 2013Oct 24, 2013Feb 5, 2014Apr 30, 2014Jul 30, 2014Oct 29, 2014Feb 4, 2015Apr 29, 2015Jul 29, 2015Oct 28, 2015Feb 4, 2016Apr 27, 2016Aug 2, 2016Oct 27, 2016Feb 8, 2017May 3, 2017Aug 2, 2017Oct 31, 2017Feb 7, 2018May 2, 2018Aug 1, 2018Oct 31, 2018Feb 6, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Feb 5, 2020May 6, 2020Jul 30, 2020Oct 28, 2020Feb 3, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Feb 2, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 8, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 7, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 5, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 4, 2026Apr 29, 2026Jul 29, 2026Oct 28, 2026Nov 4, 2026
EPS Estimate0.030.050.080.120.150.190.120.110.150.150.210.230.280.330.310.300.340.390.36-0.20-0.46-0.39-0.46-0.46-0.46-0.41-0.59-0.57-0.61-0.56-0.45-0.40-0.29-0.17-0.42-0.47-0.13-0.25-0.28-0.18-0.040.04-0.23-0.100.070.120.060.070.090.030.08-0.110.100.210.190.200.280.320.270.160.230.230.250.170.180.210.310.220.280.340.380.380.320.350.410.390.430.210.030.130.120.170.200.190.310.310.290.190.300.250.350.440.510.770.78
EPS Actual0.040.070.100.130.170.190.140.120.130.170.260.250.320.330.390.300.380.450.36-0.29-0.34-0.34-0.52-0.61-0.43-0.48-0.55-0.69-0.63-0.63-0.38-0.40-0.20-0.19-0.45-0.35-0.01-0.15-0.25-0.13-0.01-0.06-0.20-0.040.080.160.110.100.110.060.10-0.110.130.220.200.240.400.340.240.170.270.260.310.200.210.220.410.330.330.390.440.380.360.400.440.490.460.240.050.160.140.220.200.180.350.350.270.230.270.330.460.560.74--
Surprise33.33%40.00%25.00%8.33%13.33%0.00%16.67%9.09%-13.33%13.33%23.81%8.70%14.29%0.00%25.81%0.00%11.76%15.38%0.00%-45.00%26.09%12.82%-13.04%-32.61%6.52%-17.07%6.78%-21.05%-3.28%-12.50%15.56%0.00%31.03%-11.76%-7.14%25.53%92.31%40.00%10.71%27.78%75.00%-250.00%13.04%60.00%14.29%33.33%83.33%42.86%22.22%100.00%25.00%0.00%30.00%4.76%5.26%20.00%42.86%6.25%-11.11%6.25%17.39%13.04%24.00%17.65%16.67%4.76%32.26%50.00%17.86%14.71%15.79%0.00%12.50%14.29%7.32%25.64%6.98%14.29%66.67%23.08%16.67%29.41%0.00%-5.26%12.90%12.90%-6.90%21.05%-10.00%32.00%31.43%27.27%45.10%--
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Key Statistics & Ratios

Market Cap8.35B
Enterprise Value7.58B
Trailing P/E73.69
Forward P/E28.17
PEG Ratio1.39
Price / Sales9.25
Price / Book7.11
EPS1.45
Book Value14.23
Revenue (TTM)902.23M
Gross Profit (TTM)416.66M
EBITDA186.77M
Profit Margin12.80%
Operating Margin24.12%
Return on Equity10.99%
Return on Assets7.40%
Shares Outstanding78.12M
Shares Float77.47M
Beta1.18
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 10 analystsTarget 152.22
  • Strong Buy
    6
  • Hold
    4

Ownership Breakdown

Institutions
95.08%
Insiders
0.72%
Retail / Other
4.20%

Top Institutional Holders

  • BlackRock Inc
    10.48M13.42%
  • Vanguard Portfolio Management, LLC
    5.24M6.71%
  • Earnest Partners LLC
    3.76M4.82%
  • Vanguard Capital Management, LLC
    3.52M4.50%
  • State Street Corp
    2.58M3.30%
  • Polar Capital Holdings PLC
    2.15M2.75%
  • Geode Capital Management, LLC
    1.83M2.35%
  • Bank of America Corp
    1.78M2.28%
  • PRIMECAP Management Company
    1.69M2.16%
  • Amvescap Plc.
    1.58M2.02%
  • AllianceBernstein L.P.
    1.46M1.87%
  • Dimensional Fund Advisors, Inc.
    1.42M1.82%
  • SEI Investments Co
    1.34M1.72%
  • Jane Street Group LLC
    1.31M1.68%
  • Fuller & Thaler Asset Management Inc
    1.18M1.52%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    4.65M5.96%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.48M3.18%
  • Vanguard Small Cap Index
    1.76M2.25%
  • Polar Capital Global Tech Inc
    1.21M1.55%
  • Vanguard Information Technology ETF
    1.12M1.44%