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FORM Financials Formfactor Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 2.5% per year over the past 5 years.
  • Net income has grown slower than revenue (-7.1% vs 2.5% per year).
  • Operating margin has contracted, at 7.3% in the latest year.
  • Free cash flow has declined 36.5% per year over the past 5 years.

Financial health

  • The company holds more cash ($103M) than total debt ($12M).
  • Total debt has grown slower than revenue (-18.8% vs 2.5% per year).
  • Operating income covered interest expense 110× in the latest year, up from 97× 5 years ago.
  • Total debt is 0.2× EBITDA.
Revenue & net income
-$66M $360M $785M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-12% 15% 42% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $57M $113M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $95M $191M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$191M -$11M $169M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $785M $54M 39.3% 7.3% $12M $12M $103M
2024 $764M $70M 40.3% 8.5% $79M $13M $191M
2023 $663M $82M 39.0% 12.5% $9M $14M $178M
2022 $748M $51M 39.6% 7.3% $67M $15M $109M
2021 $770M $84M 41.9% 12.7% $73M $24M $151M
2020 $694M $79M 41.5% 12.1% $113M $34M $187M
2019 $589M $39M 40.3% 8.4% $100M $58M $145M
2018 $530M $104M 39.7% 6.8% $49M $65M $98M
2017 $548M $41M 39.3% 8.4% $69M $106M $91M
2016 $384M -$7M 26.7% -12.5% — $138M $101M
2015 — -$2M — — — $0 $146M
2014 — -$19M — — — — $114M
2013 — -$58M — — — — $59M
2012 — -$36M — — — — $72M
2011 — -$66M — — — — $139M

Valuation over time

How the market has priced FORM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 106.7 213.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 7.4 14.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is FORM growing its revenue and profit?

Over the past 5 years, Formfactor Inc's revenue has grown 2.5% per year, and net income declined 7.1% per year. These are computed facts, not advice.

How much debt does FORM have?

As of FY2025, Formfactor Inc reported $12M of total debt against $103M of cash; operating income covered interest expense 110×.

What is FORM's profit margin?

In FY2025, gross margin was 39.3%, operating margin 7.3%, and net margin 6.9%.

What is FORM's P/E ratio?

As of Jun '26, Formfactor Inc traded at a price-to-earnings ratio of about 213.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.