FormFactor (FORM) Financials

$27.11 -0.03 (-0.11%)

Closing price 04:00 PM Eastern

Extended Trading

$26.57 -0.54 (-1.99%)

As of 07:52 PM Eastern

Annual Income Statements for FormFactor

This table shows FormFactor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-19	-1.52	-6.56	41	104	39	79	84	51	82	70
Consolidated Net Income / (Loss)	-19	-1.52	-6.56	41	104	39	79	84	51	82	70
Net Income / (Loss) Continuing Operations	-19	-1.52	-6.56	41	104	39	79	84	51	82	70
Total Pre-Tax Income	-20	-1.27	-50	42	34	51	85	99	58	89	79
Total Operating Income	-21	-4.10	-48	46	36	50	84	98	55	83	65
Total Gross Profit	77	86	103	216	210	237	288	323	296	259	308
Total Revenue	269	282	384	548	530	589	694	770	748	663	764
Operating Revenue	269	282	384	548	530	589	694	770	748	663	764
Total Cost of Revenue	191	197	281	333	319	352	406	447	452	405	456
Operating Cost of Revenue	191	197	281	333	319	352	406	447	452	405	456
Total Operating Expenses	98	90	151	169	174	188	204	225	241	249	264
Selling, General & Admin Expense	51	45	73	95	99	106	115	124	132	133	142
Research & Development Expense	43	44	57	74	75	81	89	101	109	116	122
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.00	0.00	-73	-21
Total Other Income / (Expense), net	0.46	2.83	-2.29	-4.10	-2.18	1.40	1.39	0.46	2.96	6.51	15
Interest Expense	-	0.00	2.39	4.49	3.31	1.92	0.86	0.60	0.58	0.42	0.42
Interest & Investment Income	0.30	0.28	0.33	0.55	1.36	2.71	1.50	0.57	2.22	7.22	14
Other Income / (Expense), net	0.16	2.55	-0.22	-0.15	-0.22	0.60	0.75	0.50	1.32	-0.29	0.94
Income Tax Expense	-0.91	0.25	-44	1.29	-70	12	6.65	15	7.13	6.88	9.80
Basic Earnings per Share	($0.34)	($0.03)	($0.10)	$0.57	$1.42	$0.52	$1.02	$1.08	$0.65	$1.06	$0.90
Weighted Average Basic Shares Outstanding	55.91M	57.85M	64.94M	72.29M	73.48M	74.99M	76.68M	77.79M	77.58M	77.37M	77.34M
Diluted Earnings per Share	($0.34)	($0.03)	($0.10)	$0.55	$1.38	$0.51	$0.99	$1.06	$0.65	$1.05	$0.89
Weighted Average Diluted Shares Outstanding	55.91M	57.85M	64.94M	74.24M	75.18M	77.29M	79.00M	79.13M	78.20M	78.16M	78.44M
Weighted Average Basic & Diluted Shares Outstanding	55.91M	57.85M	65.60M	71.80M	73.30M	76.15M	77.75M	78.33M	77.14M	77.60M	77.57M

This table shows FormFactor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	4.35	-14	1.34	0.83	4.37	76	22	19	19	9.71
Consolidated Net Income / (Loss)	4.35	-14	1.34	0.83	4.37	76	22	19	19	9.71
Net Income / (Loss) Continuing Operations	4.35	-14	1.34	0.83	4.37	76	22	19	19	9.71
Total Pre-Tax Income	5.63	-15	1.39	0.62	5.16	82	25	22	21	12
Total Operating Income	4.03	-16	0.09	-1.31	2.71	81	21	18	18	7.85
Total Gross Profit	62	45	61	60	69	68	63	87	85	74
Total Revenue	181	166	167	156	172	168	169	197	208	189
Operating Revenue	181	166	167	156	172	168	169	197	208	189
Total Cost of Revenue	119	121	106	96	102	100	106	111	123	116
Operating Cost of Revenue	119	121	106	96	102	100	106	111	123	116
Total Operating Expenses	58	61	61	62	67	60	62	69	67	66
Selling, General & Admin Expense	32	34	33	33	36	31	33	38	36	35
Research & Development Expense	27	27	28	28	31	28	29	32	31	31
Total Other Income / (Expense), net	1.60	0.49	1.30	1.93	2.45	0.83	3.68	4.09	3.09	3.78
Interest Expense	-0.56	1.26	-1.28	-1.48	-1.66	4.84	-3.16	-3.42	-3.65	11
Other Income / (Expense), net	1.04	-0.47	0.02	0.45	0.79	-1.55	0.52	0.67	-0.56	0.31
Income Tax Expense	1.27	-1.73	0.05	-0.21	0.79	6.25	3.20	2.16	2.21	2.23
Basic Earnings per Share	$0.06	($0.18)	$0.02	$0.01	$0.06	$0.97	$0.28	$0.25	$0.24	$0.13
Weighted Average Basic Shares Outstanding	77.25M	77.58M	77.07M	77.16M	77.57M	77.37M	77.45M	77.24M	77.41M	77.34M
Diluted Earnings per Share	$0.06	($0.17)	$0.02	$0.01	$0.06	$0.96	$0.28	$0.25	$0.24	$0.12
Weighted Average Diluted Shares Outstanding	77.69M	78.20M	77.26M	77.62M	78.41M	78.16M	78.49M	78.72M	78.44M	78.44M
Weighted Average Basic & Diluted Shares Outstanding	77.03M	77.14M	77.14M	77.66M	77.84M	77.60M	77.17M	77.39M	77.45M	77.57M

This table details how cash moves in and out of FormFactor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	55	32	-44	-9.87	7.82	47	43	-36	-42	68	16
Net Cash From Operating Activities	18	36	17	86	69	121	169	139	132	65	118
Net Cash From Continuing Operating Activities	18	36	17	86	69	121	169	139	132	65	118
Net Income / (Loss) Continuing Operations	-19	-1.52	-6.56	41	104	39	79	84	51	82	70
Consolidated Net Income / (Loss)	-19	-1.52	-6.56	41	104	39	79	84	51	82	70
Depreciation Expense	30	11	11	14	14	17	21	26	29	31	30
Amortization Expense	0.21	13	46	32	30	28	29	20	10	4.52	-0.66
Non-Cash Adjustments To Reconcile Net Income	25	17	31	24	29	40	43	56	67	-8.58	40
Changes in Operating Assets and Liabilities, net	-19	-3.41	-64	-25	-108	-3.29	-1.58	-46	-25	-44	-22
Net Cash From Investing Activities	37	1.13	-206	-59	-21	-66	-99	-125	-76	29	-33
Net Cash From Continuing Investing Activities	37	1.13	-206	-59	-21	-66	-99	-125	-76	29	-33
Purchase of Property, Plant & Equipment	-5.67	-8.64	-12	-18	-20	-21	-56	-66	-65	-56	-38
Acquisitions	0.00	0.00	-228	0.00	0.00	-21	-52	0.00	-3.35	0.00	0.00
Purchase of Investments	-32	-66	-11	-51	-31	-76	-51	-150	-102	-135	-139
Divestitures	0.12	0.05	0.05	0.07	0.09	0.13	0.08	0.00	0.00	102	22
Sale and/or Maturity of Investments	73	75	45	9.00	29	51	60	92	96	119	124
Other Investing Activities, net	0.00	0.00	-	-	-	-	0.00	0.00	-1.00	0.00	-1.50
Net Cash From Financing Activities	2.54	-4.79	144	-39	-39	-6.58	-31	-47	-96	-23	-65
Net Cash From Continuing Financing Activities	2.54	-4.79	144	-39	-39	-6.58	-31	-47	-96	-23	-65
Repayment of Debt	-0.27	0.00	-12	-33	-41	-30	-43	-9.34	-8.40	-1.05	-1.08
Repurchase of Common Equity	0.00	-8.21	0.00	-19	-	0.00	0.00	-24	-82	-20	-53
Issuance of Common Equity	2.81	3.42	5.75	20	7.71	8.09	10	11	10	8.82	9.75
Other Financing Activities, net	-	0.00	0.00	-6.89	-5.79	-8.03	-15	-24	-16	-11	-20
Effect of Exchange Rate Changes	-2.80	-0.14	0.40	2.70	-0.26	-0.73	3.76	-	-2.51	-2.65	-3.51
Cash Interest Paid	0.00	0.00	2.11	3.84	3.11	1.41	0.87	0.64	0.54	0.42	0.39
Cash Income Taxes Paid	0.95	0.03	2.57	3.17	4.58	4.32	9.15	7.96	11	17	16

This table details how cash moves in and out of FormFactor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-17	-11	-15	-13	14	82	13	9.57	-13	6.72
Net Cash From Operating Activities	24	21	12	22	21	9.25	33	22	27	36
Net Cash From Continuing Operating Activities	24	21	-5.69	22	21	27	33	22	27	36
Net Income / (Loss) Continuing Operations	4.35	-14	1.34	0.83	4.37	76	22	19	19	9.71
Consolidated Net Income / (Loss)	4.35	-14	1.34	0.83	4.37	76	22	19	19	9.71
Depreciation Expense	7.04	7.46	7.58	7.55	7.76	7.72	7.19	7.37	7.63	8.12
Amortization Expense	2.35	2.99	2.38	2.39	1.28	-1.52	0.64	0.64	0.64	-2.58
Non-Cash Adjustments To Reconcile Net Income	21	23	14	13	15	-50	-5.31	15	15	16
Changes in Operating Assets and Liabilities, net	-10	1.00	-31	-1.03	-7.57	-4.52	8.70	-20	-15	4.55
Net Cash From Investing Activities	-11	-24	-14	-35	-1.53	79	-3.82	-6.14	-16	-7.33
Net Cash From Continuing Investing Activities	-11	-24	-14	-35	-1.53	79	-3.82	-6.14	-16	-7.33
Purchase of Property, Plant & Equipment	-8.91	-26	-20	-20	-5.92	-9.93	-13	-8.40	-8.94	-7.66
Purchase of Investments	-28	-22	-27	-39	-30	-39	-37	-41	-31	-29
Sale and/or Maturity of Investments	26	24	33	25	35	26	26	43	25	30
Net Cash From Financing Activities	-28	-11	4.38	-0.33	-5.36	-21	-14	-4.93	-27	-18
Net Cash From Continuing Financing Activities	-28	-11	4.38	-0.33	-5.36	-21	-14	-4.93	-27	-18
Repayment of Debt	-2.04	-1.98	-0.26	-0.26	-0.26	-0.26	-0.27	-0.27	-0.27	-0.27
Repurchase of Common Equity	-19	-8.85	0.00	-	-	-20	-17	-2.94	-17	-16
Other Financing Activities, net	-11	-0.14	-0.39	-0.07	-8.89	-1.34	-1.84	-1.73	-14	-1.99
Effect of Exchange Rate Changes	-	-	-	-	-	-	-1.59	-1.23	2.83	-3.51
Cash Interest Paid	0.16	0.08	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.09
Cash Income Taxes Paid	3.44	1.01	7.39	2.04	2.64	5.32	1.42	5.50	6.19	2.47

This table presents FormFactor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	344	343	619	647	728	840	963	1,021	1,008	1,107	1,146
Total Current Assets	244	258	255	306	338	419	487	524	475	574	605
Cash & Equivalents	114	146	101	91	98	145	187	151	109	178	191
Restricted Cash	-	0.00	0.11	0.37	0.85	1.98	1.90	2.23	1.22	1.15	3.75
Short-Term Investments	50	41	7.50	49	51	76	68	125	129	151	169
Accounts Receivable	45	37	70	82	95	98	108	116	88	103	104
Inventories, net	26	27	60	68	78	83	99	112	123	112	102
Prepaid Expenses	6.92	6.48	14	14	15	15	23	19	24	30	35
Plant, Property, & Equipment, net	25	24	43	47	54	59	104	147	190	204	210
Total Noncurrent Assets	74	61	322	294	336	362	372	350	344	329	331
Goodwill	31	31	188	190	189	199	213	212	211	201	199
Intangible Assets	39	26	127	97	68	58	59	36	27	13	10
Noncurrent Deferred & Refundable Income Taxes	3.47	3.28	3.31	3.13	77	71	66	62	68	79	92
Other Noncurrent Operating Assets	1.15	0.85	2.60	2.26	0.97	33	32	37	35	33	27
Other Noncurrent Nonoperating Assets	0.44	0.44	1.08	1.17	1.23	1.41	1.97	2.10	2.63	2.31	2.73
Total Liabilities & Shareholders' Equity	344	343	619	647	728	840	963	1,021	1,008	1,107	1,146
Total Liabilities	55	48	218	188	148	199	219	205	200	198	198
Total Current Liabilities	48	44	83	92	103	137	155	149	150	131	131
Short-Term Debt	-	0.00	13	18	30	43	9.52	8.93	1.05	1.08	1.11
Accounts Payable	20	18	34	35	40	41	62	58	69	64	62
Accrued Expenses	21	22	30	34	28	36	55	51	42	41	44
Current Deferred Revenue	6.30	3.89	5.31	4.98	4.94	9.81	21	23	30	17	16
Other Current Liabilities	-	-	-	-	0.00	6.55	6.70	7.90	7.35	8.42	8.36
Total Noncurrent Liabilities	6.95	4.46	135	96	46	62	65	56	50	67	67
Long-Term Debt	-	-	125	87	35	16	25	15	14	13	12
Noncurrent Deferred Revenue	4.74	4.46	6.04	5.17	8.21	11	6.24	5.92	5.57	10	19
Other Noncurrent Operating Liabilities	-	-	-	-	0.00	29	28	31	28	43	36
Total Equity & Noncontrolling Interests	289	295	401	459	580	641	744	816	808	909	948
Total Preferred & Common Equity	289	295	401	459	580	641	744	816	808	909	948
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	289	295	401	459	580	641	744	816	808	909	948
Common Stock	712	719	833	843	863	886	904	899	845	862	838
Retained Earnings	-421	-422	-429	-388	-284	-244	-166	-82	-31	51	121
Accumulated Other Comprehensive Income / (Loss)	-1.76	-2.22	-3.74	3.02	0.78	-0.66	5.89	-1.45	-5.58	-4.05	-11

This table presents FormFactor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,022	1,020	1,025	1,033	1,120	1,156	1,154
Total Current Assets	516	481	478	507	588	621	615
Cash & Equivalents	121	112	98	109	186	196	185
Restricted Cash	1.26	1.21	1.14	1.17	5.87	5.94	3.77
Short-Term Investments	131	124	139	136	163	162	170
Accounts Receivable	110	104	94	89	96	113	117
Inventories, net	132	117	120	112	109	115	105
Prepaid Expenses	21	23	26	27	28	29	34
Plant, Property, & Equipment, net	163	198	205	204	206	204	204
Total Noncurrent Assets	343	341	342	323	326	332	335
Goodwill	209	212	212	200	200	200	200
Intangible Assets	28	24	22	14	12	12	11
Noncurrent Deferred & Refundable Income Taxes	68	68	71	74	80	89	93
Other Noncurrent Operating Assets	36	34	35	33	31	29	29
Other Noncurrent Nonoperating Assets	1.84	2.29	2.27	2.15	2.22	2.10	2.21
Total Liabilities & Shareholders' Equity	1,022	1,020	1,025	1,033	1,120	1,156	1,154
Total Liabilities	214	195	191	192	196	208	199
Total Current Liabilities	164	128	124	130	131	139	129
Short-Term Debt	2.73	1.14	1.15	1.07	1.08	1.09	1.10
Accounts Payable	75	64	64	62	66	62	52
Accrued Expenses	46	32	31	36	38	50	47
Current Deferred Revenue	32	24	20	14	18	18	21
Other Current Liabilities	7.70	7.51	7.87	8.01	8.25	8.24	8.51
Total Noncurrent Liabilities	50	67	67	63	65	69	70
Long-Term Debt	15	14	14	14	13	13	12
Noncurrent Deferred Revenue	5.56	5.87	5.85	5.75	11	17	19
Other Noncurrent Operating Liabilities	28	44	44	43	41	39	38
Redeemable Noncontrolling Interest	-	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	808	824	834	841	924	948	955
Total Preferred & Common Equity	808	824	834	841	924	948	955
Total Common Equity	808	824	834	841	924	948	955
Common Stock	844	858	868	874	857	863	846
Retained Earnings	-17	-30	-29	-25	73	93	111
Accumulated Other Comprehensive Income / (Loss)	-18	-4.19	-4.45	-8.51	-6.77	-7.95	-1.77

This table displays calculated financial ratios and metrics derived from FormFactor's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.98%	5.15%	35.96%	42.87%	-3.42%	11.29%	17.67%	10.97%	-2.82%	-11.34%	15.16%
EBITDA Growth	135.41%	115.56%	-59.63%	925.55%	-13.04%	19.30%	40.55%	7.55%	-34.16%	23.89%	-18.89%
EBIT Growth	65.11%	92.38%	-2,997.23%	195.88%	-22.24%	40.07%	68.19%	16.55%	-42.93%	46.67%	-20.31%
NOPAT Growth	65.03%	80.04%	-1,067.61%	233.84%	146.70%	-65.44%	101.86%	8.14%	-42.36%	58.64%	-25.65%
Net Income Growth	66.74%	92.06%	-330.53%	723.96%	154.29%	-62.18%	99.57%	6.88%	-39.54%	62.38%	-15.50%
EPS Growth	67.92%	91.18%	-233.33%	650.00%	150.91%	-63.04%	94.12%	7.07%	-38.68%	61.54%	-15.24%
Operating Cash Flow Growth	404.36%	104.55%	-51.77%	395.45%	-20.42%	76.20%	39.83%	-17.66%	-5.44%	-50.98%	81.94%
Free Cash Flow Firm Growth	110.76%	1,571.62%	-2,095.29%	114.45%	-23.34%	44.45%	-42.42%	32.51%	-39.79%	154.94%	-19.61%
Invested Capital Growth	-10.82%	-16.26%	302.35%	-1.53%	16.87%	-3.78%	9.35%	7.71%	3.93%	1.66%	0.54%
Revenue Q/Q Growth	9.25%	0.18%	15.71%	1.48%	1.73%	6.84%	2.73%	1.04%	-4.96%	0.33%	2.87%
EBITDA Q/Q Growth	316.98%	9.65%	-24.52%	18.41%	9.27%	10.60%	2.93%	4.39%	-33.69%	357.43%	-43.09%
EBIT Q/Q Growth	43.83%	60.83%	-38.69%	72.84%	22.90%	32.00%	-3.05%	12.33%	-46.39%	703.52%	-52.13%
NOPAT Q/Q Growth	43.05%	38.81%	-40.33%	91.24%	306.00%	-63.32%	0.89%	8.89%	-45.23%	854.62%	-54.73%
Net Income Q/Q Growth	46.86%	45.12%	-179.32%	105.78%	324.22%	-62.81%	0.82%	8.57%	-43.85%	1,246.49%	-48.72%
EPS Q/Q Growth	46.88%	40.00%	-162.50%	161.90%	331.25%	-63.57%	0.00%	8.16%	-42.98%	1,412.50%	-48.55%
Operating Cash Flow Q/Q Growth	714.91%	-12.84%	85.17%	15.40%	-5.37%	14.26%	4.56%	-4.21%	-12.13%	-15.10%	29.34%
Free Cash Flow Firm Q/Q Growth	119.80%	-12.86%	3.52%	15.86%	-5.46%	-11.58%	10.25%	15.78%	-57.72%	409.76%	-46.21%
Invested Capital Q/Q Growth	-5.25%	-2.38%	-5.56%	-2.51%	17.86%	3.54%	2.74%	2.71%	1.88%	1.55%	-2.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.84%	30.37%	26.75%	39.31%	39.71%	40.29%	41.51%	41.94%	39.58%	39.00%	40.33%
EBITDA Margin	3.84%	7.86%	2.34%	16.76%	15.09%	16.18%	19.33%	18.73%	12.69%	17.73%	12.49%
Operating Margin	-7.66%	-1.45%	-12.48%	8.44%	6.82%	8.42%	12.08%	12.74%	7.34%	12.48%	8.48%
EBIT Margin	-7.60%	-0.55%	-12.54%	8.41%	6.77%	8.53%	12.19%	12.80%	7.52%	12.44%	8.61%
Profit (Net Income) Margin	-7.14%	-0.54%	-1.71%	7.46%	19.64%	6.67%	11.32%	10.90%	6.78%	12.42%	9.12%
Tax Burden Percent	95.47%	119.83%	13.06%	96.94%	306.65%	77.05%	92.19%	85.20%	87.68%	92.29%	87.66%
Interest Burden Percent	98.52%	81.79%	104.29%	91.46%	94.54%	101.59%	100.75%	99.97%	102.92%	108.24%	120.84%
Effective Tax Rate	0.00%	0.00%	0.00%	3.06%	-206.65%	22.95%	7.81%	14.80%	12.32%	7.71%	12.34%
Return on Invested Capital (ROIC)	-10.65%	-2.45%	-12.52%	10.54%	24.16%	7.90%	15.53%	15.48%	8.44%	13.02%	9.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.59%	-3.23%	-46.25%	110.28%	35.10%	7.04%	14.87%	15.31%	7.36%	10.81%	5.75%
Return on Net Nonoperating Assets (RNNOA)	4.08%	1.93%	10.63%	-1.02%	-4.13%	-1.45%	-4.19%	-4.72%	-2.19%	-3.42%	-2.08%
Return on Equity (ROE)	-6.58%	-0.52%	-1.88%	9.52%	20.03%	6.44%	11.34%	10.76%	6.25%	9.60%	7.50%
Cash Return on Invested Capital (CROIC)	0.79%	15.25%	-132.89%	12.08%	8.60%	11.75%	6.59%	8.05%	4.58%	11.37%	9.04%
Operating Return on Assets (OROA)	-5.96%	-0.45%	-10.01%	7.29%	5.22%	6.41%	9.38%	9.93%	5.54%	7.80%	5.83%
Return on Assets (ROA)	-5.60%	-0.44%	-1.36%	6.47%	15.13%	5.02%	8.71%	8.46%	5.00%	7.79%	6.18%
Return on Common Equity (ROCE)	-6.58%	-0.52%	-1.88%	9.52%	20.03%	6.44%	11.34%	10.76%	6.25%	9.60%	7.50%
Return on Equity Simple (ROE_SIMPLE)	-6.63%	-0.52%	-1.63%	8.92%	17.93%	6.14%	10.55%	10.29%	6.28%	9.07%	7.35%
Net Operating Profit after Tax (NOPAT)	-14	-2.87	-34	45	111	38	77	84	48	76	57
NOPAT Margin	-5.36%	-1.02%	-8.74%	8.18%	20.90%	6.49%	11.14%	10.85%	6.44%	11.52%	7.44%
Net Nonoperating Expense Percent (NNEP)	-3.06%	0.77%	33.73%	-99.74%	-10.94%	0.86%	0.66%	0.16%	1.07%	2.21%	3.83%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	5.84%	8.27%	5.91%
Cost of Revenue to Revenue	71.16%	69.64%	73.25%	60.69%	60.29%	59.71%	58.49%	58.06%	60.42%	61.00%	59.67%
SG&A Expenses to Revenue	19.14%	15.97%	19.13%	17.41%	18.74%	18.04%	16.59%	16.08%	17.63%	20.06%	18.57%
R&D to Revenue	15.91%	15.65%	14.97%	13.46%	14.16%	13.83%	12.84%	13.11%	14.60%	17.46%	15.97%
Operating Expenses to Revenue	36.49%	31.82%	39.23%	30.87%	32.89%	31.87%	29.43%	29.20%	32.23%	37.52%	34.54%
Earnings before Interest and Taxes (EBIT)	-20	-1.55	-48	46	36	50	85	99	56	82	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10	22	8.97	92	80	95	134	144	95	118	95
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.80	1.98	2.49	1.79	3.08	4.43	4.27	2.12	3.57	3.75
Price to Tangible Book Value (P/TBV)	2.22	2.22	9.17	6.67	3.21	5.13	6.98	6.14	3.00	4.67	4.82
Price to Revenue (P/Rev)	1.82	1.88	2.06	2.08	1.96	3.34	4.75	4.52	2.29	4.90	4.66
Price to Earnings (P/E)	0.00	0.00	0.00	27.92	9.98	50.10	41.96	41.48	33.75	39.41	51.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	3.58%	10.02%	2.00%	2.38%	2.41%	2.96%	2.54%	1.96%
Enterprise Value to Invested Capital (EV/IC)	2.56	3.21	1.91	2.62	1.93	3.80	5.91	5.77	2.56	4.96	5.39
Enterprise Value to Revenue (EV/Rev)	1.22	1.21	2.14	2.02	1.80	3.07	4.43	4.19	1.99	4.42	4.20
Enterprise Value to EBITDA (EV/EBITDA)	31.68	15.41	91.64	12.04	11.92	18.94	22.92	22.38	15.68	24.93	33.61
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	23.99	26.56	35.95	36.35	32.75	26.47	35.55	48.78
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	24.67	8.61	47.22	39.78	38.63	30.91	38.38	56.46
Enterprise Value to Operating Cash Flow (EV/OCF)	18.48	9.47	47.15	12.83	13.87	14.93	18.15	23.16	11.29	45.38	27.28
Enterprise Value to Free Cash Flow (EV/FCFF)	305.73	19.18	0.00	21.53	24.18	31.73	93.70	74.27	56.89	43.96	59.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.00	0.34	0.23	0.11	0.09	0.05	0.03	0.02	0.02	0.01
Long-Term Debt to Equity	0.01	0.00	0.31	0.19	0.06	0.02	0.03	0.02	0.02	0.01	0.01
Financial Leverage	-0.54	-0.60	-0.23	-0.01	-0.12	-0.21	-0.28	-0.31	-0.30	-0.32	-0.36
Leverage Ratio	1.17	1.18	1.38	1.47	1.32	1.28	1.30	1.27	1.25	1.23	1.21
Compound Leverage Factor	1.16	0.96	1.44	1.35	1.25	1.30	1.31	1.27	1.29	1.33	1.47
Debt to Total Capital	0.76%	0.00%	25.62%	18.73%	10.05%	8.36%	4.43%	2.90%	1.87%	1.56%	1.39%
Short-Term Debt to Total Capital	0.00%	0.00%	2.36%	3.27%	4.63%	6.13%	1.22%	1.06%	0.13%	0.12%	0.12%
Long-Term Debt to Total Capital	0.76%	0.00%	23.27%	15.46%	5.42%	2.24%	3.21%	1.84%	1.75%	1.44%	1.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.24%	100.00%	74.38%	81.27%	89.95%	91.64%	95.57%	97.10%	98.13%	98.44%	98.61%
Debt to EBITDA	0.21	0.00	15.41	1.15	0.81	0.61	0.26	0.17	0.16	0.12	0.14
Net Debt to EBITDA	-15.69	0.00	3.25	-0.38	-1.06	-1.72	-1.66	-1.76	-2.36	-2.68	-3.67
Long-Term Debt to EBITDA	0.21	0.00	14.00	0.95	0.44	0.16	0.19	0.11	0.15	0.11	0.13
Debt to NOPAT	-0.15	0.00	-4.12	2.35	0.59	1.53	0.45	0.29	0.32	0.19	0.23
Net Debt to NOPAT	11.23	0.00	-0.87	-0.78	-0.77	-4.30	-2.88	-3.04	-4.65	-4.13	-6.17
Long-Term Debt to NOPAT	-0.15	0.00	-3.74	1.94	0.32	0.41	0.32	0.18	0.30	0.17	0.22
Altman Z-Score	4.90	6.45	1.91	4.29	4.94	6.84	10.21	11.60	6.41	11.23	12.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.10	5.92	3.08	3.32	3.30	3.07	3.15	3.52	3.17	4.38	4.61
Quick Ratio	4.37	5.15	2.17	2.41	2.38	2.33	2.35	2.63	2.18	3.29	3.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1.07	18	-356	51	39	57	33	43	26	67	54
Operating Cash Flow to CapEx	387.60%	485.51%	151.93%	486.16%	346.17%	580.65%	302.97%	209.58%	201.96%	115.31%	305.79%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-148.90	11.45	11.90	29.74	37.95	72.18	45.18	158.42	128.28
Operating Cash Flow to Interest Expense	0.00	0.00	7.29	19.22	20.73	63.21	195.90	231.50	227.61	153.45	281.18
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	2.49	15.27	14.74	52.32	131.24	121.04	114.91	20.37	189.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.82	0.80	0.87	0.77	0.75	0.77	0.78	0.74	0.63	0.68
Accounts Receivable Turnover	7.13	6.90	7.18	7.23	5.99	6.10	6.75	6.90	7.34	6.94	7.37
Inventory Turnover	8.26	7.45	6.46	5.21	4.39	4.37	4.45	4.24	3.85	3.45	4.27
Fixed Asset Turnover	8.85	11.44	11.54	12.27	10.51	10.45	8.52	6.14	4.45	3.36	3.68
Accounts Payable Turnover	10.45	10.26	10.78	9.63	8.51	8.70	7.88	7.45	7.11	6.08	7.22
Days Sales Outstanding (DSO)	51.20	52.92	50.84	50.49	60.93	59.82	54.06	52.91	49.70	52.59	49.53
Days Inventory Outstanding (DIO)	44.18	48.98	56.48	69.99	83.18	83.46	82.09	86.07	94.78	105.95	85.45
Days Payable Outstanding (DPO)	34.94	35.59	33.84	37.90	42.89	41.96	46.32	48.97	51.35	60.08	50.52
Cash Conversion Cycle (CCC)	60.44	66.31	73.48	82.59	101.22	101.32	89.84	90.02	93.13	98.47	84.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	127	107	429	423	494	475	520	560	582	591	595
Invested Capital Turnover	1.99	2.41	1.43	1.29	1.16	1.22	1.39	1.43	1.31	1.13	1.29
Increase / (Decrease) in Invested Capital	-15	-21	322	-6.55	71	-19	44	40	22	9.68	3.17
Enterprise Value (EV)	326	342	822	1,107	953	1,807	3,073	3,227	1,488	2,932	3,206
Market Capitalization	488	530	792	1,142	1,038	1,971	3,295	3,481	1,712	3,247	3,557
Book Value per Share	$5.13	$5.07	$5.67	$6.28	$7.83	$8.47	$9.62	$10.43	$10.49	$11.68	$12.24
Tangible Book Value per Share	$3.90	$4.10	$1.22	$2.35	$4.36	$5.08	$6.10	$7.25	$7.40	$8.93	$9.53
Total Capital	292	295	539	564	645	699	779	840	824	923	961
Total Debt	2.21	0.00	138	106	65	58	34	24	15	14	13
Total Long-Term Debt	2.21	0.00	125	87	35	16	25	15	14	13	12
Net Debt	-162	-188	29	-35	-85	-164	-222	-254	-224	-315	-350
Capital Expenditures (CapEx)	4.56	7.44	11	18	20	21	56	66	65	56	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	33	27	76	92	115	102	85	106	87	114	111
Debt-free Net Working Capital (DFNWC)	196	214	185	232	265	325	342	384	326	444	475
Net Working Capital (NWC)	196	214	172	214	235	282	333	375	325	443	474
Net Nonoperating Expense (NNE)	4.79	-1.35	-27	3.97	6.69	-1.08	-1.28	-0.39	-2.59	-6.01	-13
Net Nonoperating Obligations (NNO)	-162	-188	28	-36	-86	-166	-224	-256	-227	-317	-353
Total Depreciation and Amortization (D&A)	31	24	57	46	44	45	50	46	39	35	30
Debt-free, Cash-free Net Working Capital to Revenue	12.13%	9.51%	19.72%	16.70%	21.77%	17.38%	12.27%	13.76%	11.57%	17.24%	14.55%
Debt-free Net Working Capital to Revenue	73.14%	75.95%	48.11%	42.33%	50.06%	55.19%	49.31%	49.92%	43.58%	66.92%	62.19%
Net Working Capital to Revenue	73.14%	75.95%	44.81%	38.96%	44.42%	47.92%	47.94%	48.76%	43.44%	66.76%	62.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.02	$1.08	$0.65	$1.06	$0.90
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	76.68M	77.79M	77.58M	77.37M	77.34M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.99	$1.06	$0.65	$1.05	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	79.00M	79.13M	78.20M	78.16M	78.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	77.75M	78.33M	77.14M	77.60M	77.57M
Normalized Net Operating Profit after Tax (NOPAT)	-12	-2.48	-20	45	25	38	77	84	48	76	57
Normalized NOPAT Margin	-4.35%	-0.88%	-5.15%	8.18%	4.77%	6.49%	11.14%	10.85%	6.44%	11.52%	7.44%
Pre Tax Income Margin	-7.48%	-0.45%	-13.08%	7.70%	6.41%	8.66%	12.28%	12.80%	7.74%	13.46%	10.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-20.13	10.28	10.83	26.25	97.84	163.68	97.11	195.89	157.22
NOPAT to Interest Expense	0.00	0.00	-14.03	9.99	33.41	19.98	89.40	138.75	83.15	181.42	135.85
EBIT Less CapEx to Interest Expense	0.00	0.00	-24.93	6.32	4.84	15.36	33.19	53.22	-15.59	62.81	65.27
NOPAT Less CapEx to Interest Expense	0.00	0.00	-18.82	6.04	27.42	9.10	24.74	28.30	-29.55	48.34	43.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-539.07%	0.00%	46.37%	0.00%	0.00%	0.00%	28.64%	162.26%	24.03%	76.57%

This table displays calculated financial ratios and metrics derived from FormFactor's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.79%	-19.03%	-15.08%	-23.54%	-5.14%	1.31%	0.76%	26.65%	21.18%	12.68%
EBITDA Growth	-55.29%	-114.10%	-76.96%	-78.76%	-13.37%	1,541.24%	194.56%	191.61%	104.06%	-84.05%
EBIT Growth	-78.26%	-150.89%	-99.67%	-102.60%	-31.04%	585.77%	19,042.98%	2,239.44%	394.91%	-89.77%
NOPAT Growth	-84.78%	-143.66%	-99.70%	-105.92%	-26.34%	772.66%	21,042.88%	1,012.85%	596.05%	-91.50%
Net Income Growth	-78.77%	-153.01%	-95.51%	-97.26%	0.46%	652.53%	1,523.03%	2,242.03%	328.64%	-87.20%
EPS Growth	-76.92%	-153.13%	-94.74%	-97.37%	0.00%	664.71%	1,300.00%	2,400.00%	300.00%	-87.50%
Operating Cash Flow Growth	-29.27%	-46.73%	-72.12%	-47.31%	-15.16%	-55.40%	168.19%	-2.64%	29.95%	288.25%
Free Cash Flow Firm Growth	-22.44%	-128.41%	-148.73%	-190.68%	60.20%	297.31%	219.79%	192.11%	-7.21%	-95.09%
Invested Capital Growth	4.77%	3.93%	5.56%	5.08%	2.00%	1.66%	-3.20%	-2.09%	4.42%	0.54%
Revenue Q/Q Growth	-11.30%	-8.23%	0.88%	-6.89%	10.04%	-1.99%	0.33%	17.04%	5.29%	-8.87%
EBITDA Q/Q Growth	-66.14%	-141.22%	268.87%	-9.90%	38.14%	585.72%	-65.49%	-10.80%	-3.33%	-46.41%
EBIT Q/Q Growth	-84.73%	-423.84%	100.69%	-856.14%	505.45%	2,181.09%	-72.63%	-15.49%	-6.21%	-52.84%
NOPAT Q/Q Growth	-89.47%	-458.32%	100.79%	-2,094.31%	230.95%	3,172.26%	-75.26%	-13.90%	-0.15%	-60.04%
Net Income Q/Q Growth	-85.61%	-415.49%	109.78%	-38.30%	427.90%	1,635.21%	-71.28%	-10.97%	-3.38%	-48.20%
EPS Q/Q Growth	-84.21%	-383.33%	111.76%	-50.00%	500.00%	1,500.00%	-70.83%	-10.71%	-4.00%	-50.00%
Operating Cash Flow Q/Q Growth	-43.14%	-14.47%	-40.65%	82.57%	-8.46%	-55.03%	256.89%	-33.73%	22.18%	34.35%
Free Cash Flow Firm Q/Q Growth	-113.46%	-44.70%	4.93%	1.02%	70.77%	817.42%	-42.28%	-23.89%	-134.02%	132.88%
Invested Capital Q/Q Growth	-1.45%	1.88%	3.11%	1.51%	-4.34%	1.55%	-1.82%	2.67%	2.02%	-2.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.40%	27.23%	36.48%	38.66%	40.38%	40.40%	37.18%	44.01%	40.74%	38.83%
EBITDA Margin	8.00%	-3.59%	6.01%	5.82%	7.30%	51.10%	17.58%	13.40%	12.30%	7.23%
Operating Margin	2.23%	-9.61%	0.05%	-0.84%	1.58%	48.33%	12.63%	9.00%	8.59%	4.14%
EBIT Margin	2.80%	-9.89%	0.07%	-0.55%	2.04%	47.41%	12.93%	9.34%	8.32%	4.30%
Profit (Net Income) Margin	2.41%	-8.27%	0.80%	0.53%	2.55%	45.10%	12.91%	9.82%	9.01%	5.12%
Tax Burden Percent	77.35%	88.82%	96.55%	133.55%	84.76%	92.38%	87.20%	90.00%	89.44%	81.29%
Interest Burden Percent	110.99%	94.17%	1,219.30%	-71.93%	147.55%	102.98%	114.46%	116.84%	121.10%	146.37%
Effective Tax Rate	22.65%	0.00%	3.45%	-33.55%	15.24%	7.62%	12.80%	10.00%	10.56%	18.71%
Return on Invested Capital (ROIC)	2.43%	-8.81%	0.06%	-1.27%	1.53%	50.47%	12.39%	9.49%	9.58%	4.34%
ROIC Less NNEP Spread (ROIC-NNEP)	1.91%	-7.75%	-0.43%	-2.35%	0.69%	50.19%	11.26%	8.31%	8.66%	3.35%
Return on Net Nonoperating Assets (RNNOA)	-0.57%	2.30%	0.13%	0.67%	-0.21%	-15.90%	-3.66%	-2.69%	-2.92%	-1.21%
Return on Equity (ROE)	1.85%	-6.51%	0.20%	-0.60%	1.32%	34.57%	8.74%	6.80%	6.66%	3.13%
Cash Return on Invested Capital (CROIC)	11.09%	4.58%	-2.24%	-6.50%	-3.73%	11.37%	19.30%	20.65%	16.75%	9.04%
Operating Return on Assets (OROA)	2.17%	-7.29%	0.05%	-0.36%	1.31%	29.73%	8.03%	6.04%	5.65%	2.92%
Return on Assets (ROA)	1.87%	-6.10%	0.55%	0.34%	1.64%	28.28%	8.02%	6.36%	6.12%	3.47%
Return on Common Equity (ROCE)	1.85%	-6.51%	0.20%	-0.60%	1.32%	34.57%	8.74%	6.80%	6.66%	3.13%
Return on Equity Simple (ROE_SIMPLE)	11.18%	0.00%	2.69%	-0.86%	-0.85%	0.00%	11.13%	12.81%	14.22%	0.00%
Net Operating Profit after Tax (NOPAT)	3.11	-11	0.09	-1.75	2.29	75	19	16	16	6.38
NOPAT Margin	1.72%	-6.72%	0.05%	-1.12%	1.34%	44.65%	11.01%	8.10%	7.68%	3.37%
Net Nonoperating Expense Percent (NNEP)	0.52%	-1.06%	0.50%	1.08%	0.84%	0.28%	1.13%	1.18%	0.91%	0.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.36%	-	-	-	8.13%	-	-	-	0.66%
Cost of Revenue to Revenue	65.60%	72.77%	63.52%	61.34%	59.62%	59.60%	62.82%	55.99%	59.26%	61.17%
SG&A Expenses to Revenue	17.49%	20.44%	19.55%	21.33%	20.73%	18.70%	19.61%	19.18%	17.13%	18.59%
R&D to Revenue	14.68%	16.40%	16.87%	18.18%	18.08%	16.75%	16.97%	15.98%	15.03%	16.10%
Operating Expenses to Revenue	32.17%	36.84%	36.42%	39.51%	38.80%	35.45%	36.57%	35.16%	32.15%	34.69%
Earnings before Interest and Taxes (EBIT)	5.07	-16	0.11	-0.86	3.50	80	22	18	17	8.16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	-5.96	10	9.07	13	86	30	26	26	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.50	2.12	2.98	3.16	3.23	3.57	3.85	4.93	3.75	3.75
Price to Tangible Book Value (P/TBV)	3.54	3.00	4.18	4.40	4.33	4.67	4.99	6.34	4.82	4.82
Price to Revenue (P/Rev)	2.57	2.29	3.42	3.94	4.11	4.90	5.35	6.62	4.83	4.66
Price to Earnings (P/E)	22.36	33.75	110.63	0.00	0.00	39.41	34.54	38.48	26.39	51.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.47%	2.96%	0.90%	0.00%	0.00%	2.54%	2.89%	2.60%	3.79%	1.96%
Enterprise Value to Invested Capital (EV/IC)	3.13	2.56	3.73	3.97	4.26	4.96	5.53	7.25	5.33	5.39
Enterprise Value to Revenue (EV/Rev)	2.27	1.99	3.11	3.61	3.76	4.42	4.83	6.12	4.36	4.20
Enterprise Value to EBITDA (EV/EBITDA)	12.47	15.68	36.46	87.43	96.56	24.93	23.41	27.96	19.32	33.61
Enterprise Value to EBIT (EV/EBIT)	17.01	26.47	101.73	0.00	0.00	35.55	30.82	35.00	23.59	48.78
Enterprise Value to NOPAT (EV/NOPAT)	20.30	30.91	120.53	0.00	0.00	38.38	33.90	38.70	25.82	56.46
Enterprise Value to Operating Cash Flow (EV/OCF)	11.90	11.29	22.36	30.30	32.62	45.38	37.64	51.01	35.64	27.28
Enterprise Value to Free Cash Flow (EV/FCFF)	28.84	56.89	0.00	0.00	0.00	43.96	28.19	34.74	32.49	59.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01
Long-Term Debt to Equity	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01
Financial Leverage	-0.30	-0.30	-0.30	-0.29	-0.30	-0.32	-0.32	-0.32	-0.34	-0.36
Leverage Ratio	1.27	1.25	1.24	1.24	1.25	1.23	1.22	1.22	1.22	1.21
Compound Leverage Factor	1.41	1.18	15.15	-0.89	1.84	1.27	1.40	1.43	1.47	1.78
Debt to Total Capital	2.11%	1.87%	1.81%	1.76%	1.71%	1.56%	1.51%	1.44%	1.40%	1.39%
Short-Term Debt to Total Capital	0.33%	0.13%	0.14%	0.14%	0.12%	0.12%	0.12%	0.11%	0.11%	0.12%
Long-Term Debt to Total Capital	1.77%	1.75%	1.67%	1.62%	1.59%	1.44%	1.39%	1.33%	1.29%	1.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.89%	98.13%	98.19%	98.24%	98.29%	98.44%	98.49%	98.56%	98.60%	98.61%
Debt to EBITDA	0.12	0.16	0.25	0.54	0.57	0.12	0.10	0.09	0.08	0.14
Net Debt to EBITDA	-1.64	-2.36	-3.63	-8.07	-8.98	-2.68	-2.49	-2.26	-2.06	-3.67
Long-Term Debt to EBITDA	0.10	0.15	0.23	0.50	0.53	0.11	0.10	0.08	0.07	0.13
Debt to NOPAT	0.20	0.32	0.82	-1.62	-1.45	0.19	0.15	0.12	0.11	0.23
Net Debt to NOPAT	-2.68	-4.65	-11.99	24.26	22.82	-4.13	-3.60	-3.13	-2.75	-6.17
Long-Term Debt to NOPAT	0.17	0.30	0.76	-1.50	-1.34	0.17	0.14	0.11	0.10	0.22
Altman Z-Score	6.84	6.17	8.62	9.32	9.52	11.22	12.11	14.73	12.15	12.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.15	3.17	3.75	3.85	3.91	4.38	4.51	4.46	4.76	4.61
Quick Ratio	2.21	2.18	2.65	2.67	2.57	3.29	3.41	3.39	3.65	3.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-23	-33	-32	-31	-9.12	65	38	29	-9.77	3.21
Operating Cash Flow to CapEx	272.19%	79.06%	62.48%	109.75%	347.66%	93.12%	245.70%	260.51%	299.04%	468.65%
Free Cash Flow to Firm to Interest Expense	0.00	-26.24	0.00	0.00	0.00	13.51	0.00	0.00	0.00	0.30
Operating Cash Flow to Interest Expense	0.00	16.42	0.00	0.00	0.00	1.91	0.00	0.00	0.00	3.38
Operating Cash Flow Less CapEx to Interest Expense	0.00	-4.35	0.00	0.00	0.00	-0.14	0.00	0.00	0.00	2.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.74	0.69	0.65	0.64	0.63	0.62	0.65	0.68	0.68
Accounts Receivable Turnover	7.28	7.34	6.61	6.64	6.63	6.94	6.63	6.81	7.21	7.37
Inventory Turnover	3.61	3.85	3.76	3.35	3.49	3.45	3.59	3.56	4.06	4.27
Fixed Asset Turnover	5.19	4.45	4.10	3.70	3.60	3.36	3.29	3.45	3.64	3.68
Accounts Payable Turnover	6.38	7.11	7.05	7.08	6.22	6.08	6.23	6.65	7.74	7.22
Days Sales Outstanding (DSO)	50.16	49.70	55.26	54.93	55.08	52.59	55.04	53.59	50.61	49.53
Days Inventory Outstanding (DIO)	100.99	94.78	97.05	109.05	104.61	105.95	101.75	102.39	90.01	85.45
Days Payable Outstanding (DPO)	57.19	51.35	51.76	51.55	58.65	60.08	58.59	54.87	47.15	50.52
Cash Conversion Cycle (CCC)	93.97	93.13	100.55	112.43	101.04	98.47	98.20	101.10	93.46	84.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	571	582	600	609	582	591	581	596	608	595
Invested Capital Turnover	1.41	1.31	1.23	1.13	1.15	1.13	1.13	1.17	1.25	1.29
Increase / (Decrease) in Invested Capital	26	22	32	29	11	9.68	-19	-13	26	3.17
Enterprise Value (EV)	1,785	1,488	2,235	2,417	2,482	2,932	3,211	4,321	3,238	3,206
Market Capitalization	2,020	1,712	2,457	2,640	2,713	3,247	3,552	4,671	3,583	3,557
Book Value per Share	$10.48	$10.49	$10.69	$10.81	$10.83	$11.68	$11.93	$12.28	$12.34	$12.24
Tangible Book Value per Share	$7.40	$7.40	$7.62	$7.78	$8.07	$8.93	$9.19	$9.55	$9.61	$9.53
Total Capital	826	824	840	849	855	923	938	962	969	961
Total Debt	17	15	15	15	15	14	14	14	14	13
Total Long-Term Debt	15	14	14	14	14	13	13	13	12	12
Net Debt	-235	-224	-222	-223	-231	-315	-341	-350	-345	-350
Capital Expenditures (CapEx)	8.91	26	20	20	5.92	9.93	13	8.40	8.94	7.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	102	87	116	117	133	114	104	119	128	111
Debt-free Net Working Capital (DFNWC)	355	326	354	355	378	444	459	483	487	475
Net Working Capital (NWC)	353	325	353	354	377	443	458	482	486	474
Net Nonoperating Expense (NNE)	-1.24	2.57	-1.25	-2.58	-2.08	-0.77	-3.21	-3.40	-2.77	-3.32
Net Nonoperating Obligations (NNO)	-237	-227	-225	-225	-258	-317	-343	-352	-347	-353
Total Depreciation and Amortization (D&A)	9.40	10	9.95	9.93	9.04	6.20	7.83	8.01	8.27	5.55
Debt-free, Cash-free Net Working Capital to Revenue	13.02%	11.57%	16.21%	17.49%	20.05%	17.24%	15.65%	16.87%	17.31%	14.55%
Debt-free Net Working Capital to Revenue	45.15%	43.58%	49.27%	53.01%	57.21%	66.92%	69.09%	68.37%	65.57%	62.19%
Net Working Capital to Revenue	44.80%	43.44%	49.12%	52.84%	57.05%	66.76%	68.93%	68.22%	65.42%	62.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	($0.18)	$0.02	$0.01	$0.06	$0.97	$0.28	$0.25	$0.24	$0.13
Adjusted Weighted Average Basic Shares Outstanding	77.25M	77.58M	77.07M	77.16M	77.57M	77.37M	77.45M	77.24M	77.41M	77.34M
Adjusted Diluted Earnings per Share	$0.06	($0.17)	$0.02	$0.01	$0.06	$0.96	$0.28	$0.25	$0.24	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	77.69M	78.20M	77.26M	77.62M	78.41M	78.16M	78.49M	78.72M	78.44M	78.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	77.03M	77.14M	77.14M	77.66M	77.84M	77.60M	77.17M	77.39M	77.45M	77.57M
Normalized Net Operating Profit after Tax (NOPAT)	3.11	-11	0.09	-0.92	2.29	75	19	16	16	6.38
Normalized NOPAT Margin	1.72%	-6.72%	0.05%	-0.59%	1.34%	44.65%	11.01%	8.10%	7.68%	3.37%
Pre Tax Income Margin	3.11%	-9.31%	0.83%	0.40%	3.01%	48.82%	14.80%	10.91%	10.07%	6.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-12.99	0.00	0.00	0.00	16.47	0.00	0.00	0.00	0.77
NOPAT to Interest Expense	0.00	-8.84	0.00	0.00	0.00	15.51	0.00	0.00	0.00	0.60
EBIT Less CapEx to Interest Expense	0.00	-33.76	0.00	0.00	0.00	14.42	0.00	0.00	0.00	0.05
NOPAT Less CapEx to Interest Expense	0.00	-29.61	0.00	0.00	0.00	13.46	0.00	0.00	0.00	-0.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	81.41%	162.26%	328.40%	-388.57%	-123.16%	24.03%	36.11%	33.01%	42.00%	76.57%

Frequently Asked Questions About FormFactor's Financials

When does FormFactor's financial year end?

According to the most recent income statement we have on file, FormFactor's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has FormFactor's net income changed over the last 10 years?

FormFactor's net income appears to be on an upward trend, with a most recent value of $69.61 million in 2024, falling from -$19.19 million in 2014. The previous period was $82.39 million in 2023.

What is FormFactor's operating income?

FormFactor's total operating income in 2024 was $64.78 million, based on the following breakdown:

Total Gross Profit: $307.92 million
Total Operating Expenses: $263.72 million

How has FormFactor revenue changed over the last 10 years?

Over the last 10 years, FormFactor's total revenue changed from $268.53 million in 2014 to $763.60 million in 2024, a change of 184.4%.

How much debt does FormFactor have?

FormFactor's total liabilities were at $198.45 million at the end of 2024, a 0.2% increase from 2023, and a 262.1% increase since 2014.

How much cash does FormFactor have?

In the past 10 years, FormFactor's cash and equivalents has ranged from $91.18 million in 2017 to $190.73 million in 2024, and is currently $190.73 million as of their latest financial filing in 2024.

How has FormFactor's book value per share changed over the last 10 years?

Over the last 10 years, FormFactor's book value per share changed from 5.13 in 2014 to 12.24 in 2024, a change of 138.5%.

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This page (NASDAQ:FORM) was last updated on 4/15/2025 by MarketBeat.com Staff

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FormFactor (FORM) Financials

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FormFactor (FORM) Financials

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