Ichor (ICHR) Financials

$23.07 +1.22 (+5.58%)

As of 12:10 PM Eastern

Annual Income Statements for Ichor

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Net Income / (Loss) Attributable to Common Shareholders	-17	1.38	56	58	11	33	71	73	-43	-21
Consolidated Net Income / (Loss)	5.63	17	56	58	11	33	71	73	-43	-21
Net Income / (Loss) Continuing Operations	13	21	57	58	11	33	71	73	-43	-21
Total Pre-Tax Income	8.82	20	43	54	4.28	32	74	75	-31	-18
Total Operating Income	13	24	46	64	15	42	81	86	-11	-7.64
Total Gross Profit	49	65	101	136	86	125	177	212	103	103
Total Revenue	291	406	656	824	621	914	1,097	1,280	811	849
Operating Revenue	291	406	656	824	621	914	1,097	1,280	811	849
Total Cost of Revenue	242	340	555	687	534	789	919	1,068	708	746
Operating Cost of Revenue	242	340	555	687	534	789	919	1,068	708	746
Total Operating Expenses	36	42	55	72	71	83	96	126	114	111
Selling, General & Admin Expense	25	28	38	47	47	57	66	89	79	79
Research & Development Expense	4.81	6.38	7.90	9.36	11	13	16	20	20	23
Amortization Expense	6.41	7.02	8.88	15	13	13	15	18	15	8.57
Total Other Income / (Expense), net	-3.79	-3.74	-3.15	-9.75	-11	-9.26	-7.26	-10	-20	-10
Interest Expense	3.83	4.37	3.28	9.99	11	8.73	6.45	11	19	9.27
Other Income / (Expense), net	0.05	0.63	0.13	0.24	-0.06	-0.53	-0.81	0.56	-0.80	-1.15
Income Tax Expense	-3.99	-0.65	-14	-3.66	-6.45	-0.99	2.86	2.53	12	2.77
Basic Earnings per Share	($517.68)	$0.92	$2.25	$2.34	$0.48	$1.44	$2.51	$2.54	($1.47)	($0.64)
Weighted Average Basic Shares Outstanding	31.88K	3.01M	25.12M	24.71M	22.42M	23.17M	28.26M	28.71M	29.20M	32.76M
Diluted Earnings per Share	($517.68)	$0.70	$2.15	$2.30	$0.47	$1.42	$2.45	$2.51	($1.47)	($0.64)
Weighted Average Diluted Shares Outstanding	31.88K	3.47M	26.22M	25.13M	22.77M	23.46M	28.98M	28.96M	29.20M	32.76M
Weighted Average Basic & Diluted Shares Outstanding	-	-	25.10M	22.37M	22.81M	28.06M	28.59M	29.01M	29.54M	34.00M

This table shows Ichor'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	Q1 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Net Income / (Loss) Attributable to Common Shareholders	29	14	-0.01	-21	-10	-12	-8.99	-5.11	-2.78	-3.94	-4.56
Consolidated Net Income / (Loss)	29	14	-0.01	-21	-10	-12	-8.99	-5.11	-2.78	-3.94	-4.56
Net Income / (Loss) Continuing Operations	29	14	-0.01	-21	-10	-12	-8.99	-5.11	-2.78	-3.94	-4.56
Total Pre-Tax Income	30	14	-0.54	-8.04	-9.99	-13	-8.08	-4.17	-2.61	-3.20	-2.90
Total Operating Income	33	18	4.79	-2.91	-4.82	-7.96	-3.74	-2.26	-0.39	-1.25	-1.17
Total Gross Profit	64	49	33	26	24	20	23	26	28	27	29
Total Revenue	356	302	226	185	197	203	201	203	211	233	244
Operating Revenue	356	302	226	185	197	203	201	203	211	233	244
Total Cost of Revenue	292	253	193	159	173	183	178	178	183	206	216
Operating Cost of Revenue	292	253	193	159	173	183	178	178	183	206	216
Total Operating Expenses	31	31	28	29	29	28	27	28	28	28	30
Selling, General & Admin Expense	22	22	20	20	20	20	19	20	20	20	22
Research & Development Expense	4.86	4.95	4.31	5.19	5.19	5.53	5.37	5.93	5.87	5.85	5.87
Amortization Expense	3.96	3.94	3.97	3.96	3.64	3.17	2.15	2.09	2.08	2.26	2.08
Total Other Income / (Expense), net	-3.04	-4.32	-5.33	-5.13	-5.17	-4.55	-4.34	-1.91	-2.23	-1.95	-1.73
Interest Expense	3.25	4.21	4.55	5.03	5.14	4.66	4.10	1.86	1.64	1.67	1.65
Other Income / (Expense), net	0.21	-0.11	-0.78	-0.10	-0.03	0.11	-0.24	-0.05	-0.59	-0.27	-0.08
Income Tax Expense	0.48	-0.51	-0.54	13	0.44	-0.61	0.91	0.94	0.17	0.75	1.66
Basic Earnings per Share	$1.01	$0.50	$0.00	($0.71)	($0.36)	($0.40)	($0.30)	($0.15)	($0.08)	($0.11)	($0.13)
Weighted Average Basic Shares Outstanding	28.77M	28.71M	28.98M	29.12M	29.30M	29.20M	30.01M	33.55M	33.70M	32.76M	34.00M
Diluted Earnings per Share	$1.00	$0.49	$0.00	($0.71)	($0.36)	($0.40)	($0.30)	($0.15)	($0.08)	($0.11)	($0.13)
Weighted Average Diluted Shares Outstanding	29.05M	28.96M	28.98M	29.12M	29.30M	29.20M	30.01M	33.55M	33.70M	32.76M	34.00M
Weighted Average Basic & Diluted Shares Outstanding	28.80M	29.01M	29.06M	29.25M	29.38M	29.54M	33.48M	33.69M	33.73M	34.00M	34.12M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Net Change in Cash & Equivalents	9.82	28	17	-25	17	192	-177	11	-6.52	29
Net Cash From Operating Activities	27	28	39	60	57	38	15	31	58	28
Net Cash From Continuing Operating Activities	24	28	39	60	57	38	15	31	58	28
Net Income / (Loss) Continuing Operations	5.63	17	56	58	11	33	71	73	-43	-21
Consolidated Net Income / (Loss)	5.63	17	56	58	11	33	71	73	-43	-21
Depreciation Expense	9.94	9.50	13	23	22	24	26	35	35	31
Amortization Expense	0.83	0.53	0.61	0.97	0.94	0.97	0.88	0.47	0.47	0.47
Non-Cash Adjustments To Reconcile Net Income	1.12	3.22	1.99	7.58	8.54	13	12	14	17	16
Changes in Operating Assets and Liabilities, net	6.02	-2.17	-33	-29	15	-34	-95	-91	48	1.92
Net Cash From Investing Activities	-1.37	-21	-187	-15	-20	-15	-290	-29	-15	-18
Net Cash From Continuing Investing Activities	-1.37	-21	-187	-15	-20	-15	-290	-29	-15	-18
Purchase of Property, Plant & Equipment	-1.37	-4.27	-8.23	-14	-12	-10	-21	-29	-15	-18
Acquisitions	-	-17	-181	-1.44	-8.15	-5.04	-269	0.50	0.00	0.00
Net Cash From Financing Activities	-16	22	165	-71	-20	169	97	8.46	-49	18
Net Cash From Continuing Financing Activities	-16	22	165	-71	-20	169	97	8.46	-49	18
Repayment of Debt	-72	-52	-1.52	-31	-37	-8.75	-141	-18	-53	-121
Issuance of Debt	79	27	10	44	13	30	232	25	0.00	0.00
Issuance of Common Equity	-	47	16	6.33	5.76	149	9.66	3.77	7.52	145
Other Financing Activities, net	-	-	140	-0.09	-0.29	-1.83	-3.62	-2.81	-3.67	-5.44
Cash Interest Paid	2.63	3.69	3.44	8.27	8.42	8.24	7.12	11	20	12
Cash Income Taxes Paid	0.50	0.10	1.07	2.28	0.90	0.25	5.64	3.29	3.88	3.33

This table details how cash moves in and out of Ichor'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	Q1 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Net Change in Cash & Equivalents	10	30	-18	16	-8.68	4.02	22	12	2.10	-7.78	0.61
Net Cash From Operating Activities	20	39	-11	27	3.99	38	4.80	17	8.07	-2.49	19
Net Cash From Continuing Operating Activities	20	39	-11	27	3.99	38	4.80	17	8.07	-2.49	19
Net Income / (Loss) Continuing Operations	29	14	-0.01	-21	-10	-12	-8.99	-5.11	-2.78	-3.94	-4.56
Consolidated Net Income / (Loss)	29	14	-0.01	-21	-10	-12	-8.99	-5.11	-2.78	-3.94	-4.56
Depreciation Expense	8.35	8.36	8.49	8.66	8.89	8.54	7.56	8.12	7.09	7.98	8.06
Amortization Expense	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Non-Cash Adjustments To Reconcile Net Income	3.72	3.80	3.64	4.28	4.75	4.67	2.38	3.94	4.67	4.59	4.12
Changes in Operating Assets and Liabilities, net	-22	12	-23	35	0.65	36	3.75	10	-1.03	-11	11
Net Cash From Investing Activities	-7.55	-6.98	-6.82	-4.02	-2.41	-2.26	-4.49	-2.85	-5.90	-4.40	-18
Net Cash From Continuing Investing Activities	-7.55	-6.98	-6.82	-4.02	-2.41	-2.26	-4.49	-2.85	-5.90	-4.40	-18
Purchase of Property, Plant & Equipment	-8.05	-6.98	-6.82	-4.02	-2.41	-2.26	-4.49	-2.85	-5.90	-4.40	-18
Net Cash From Financing Activities	-1.63	-1.79	0.06	-7.16	-10	-31	22	-2.42	-0.07	-0.89	0.12
Net Cash From Continuing Financing Activities	-1.63	-1.79	0.06	-7.16	-10	-31	22	-2.42	-0.07	-0.89	0.12
Repayment of Debt	-1.88	-1.88	-1.88	-6.88	-12	-32	-115	-1.88	-	-1.88	-1.88
Issuance of Common Equity	1.13	0.68	2.63	1.36	2.17	1.37	140	1.38	0.88	2.20	4.00
Other Financing Activities, net	-0.88	-0.59	-0.69	-1.64	-0.55	-0.79	-3.22	-1.93	-0.95	-1.22	-2.01
Cash Interest Paid	3.16	4.13	4.75	5.11	5.28	5.24	4.83	2.70	1.67	2.45	2.25
Cash Income Taxes Paid	0.84	0.95	0.10	3.24	0.51	0.03	0.70	0.75	0.35	1.53	0.56

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Total Assets	282	558	485	567	774	1,021	1,084	938	996
Total Current Assets	157	278	212	277	496	463	513	401	453
Cash & Equivalents	51	69	44	61	253	75	86	80	109
Accounts Receivable	26	49	40	85	101	143	136	67	87
Inventories, net	71	155	121	127	135	236	284	246	250
Prepaid Expenses	7.06	5.36	6.35	4.45	7.08	8.15	7.01	8.80	7.23
Plant, Property, & Equipment, net	12	34	42	45	42	85	98	93	95
Total Noncurrent Assets	113	245	232	245	237	473	472	444	448
Goodwill	77	169	173	173	175	336	335	335	335
Intangible Assets	32	73	57	52	40	90	72	57	49
Noncurrent Deferred & Refundable Income Taxes	0.57	0.99	1.36	4.74	6.32	8.12	11	3.15	4.32
Other Noncurrent Operating Assets	3.57	1.05	0.91	15	16	39	53	49	60
Total Liabilities & Shareholders' Equity	282	558	485	567	774	1,021	1,084	938	996
Total Liabilities	141	341	287	345	362	520	496	374	297
Total Current Liabilities	101	147	88	164	162	208	166	99	136
Short-Term Debt	-	6.49	8.75	8.75	8.75	7.50	7.50	7.50	7.50
Accounts Payable	89	121	64	132	117	160	110	60	92
Accrued Expenses	6.55	12	9.56	13	21	19	24	15	16
Other Current Liabilities	5.42	6.72	5.15	11	16	22	25	16	20
Total Noncurrent Liabilities	40	194	199	181	200	312	330	275	162
Long-Term Debt	38	180	192	169	192	285	293	241	121
Noncurrent Deferred & Payable Income Tax Liabilities	0.61	11	3.97	0.21	0.11	0.04	0.03	1.17	1.56
Other Noncurrent Operating Liabilities	1.17	2.90	3.33	12	8.82	4.21	37	32	39
Total Equity & Noncontrolling Interests	142	217	198	221	412	501	587	565	698
Total Preferred & Common Equity	142	217	198	221	412	501	587	565	698
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	142	217	198	221	412	501	587	565	698
Common Stock	196	215	228	242	399	417	431	452	606
Retained Earnings	-54	2.06	60	71	104	175	248	205	184
Treasury Stock	-	-	-90	-92	-92	-92	-92	-92	-92

This table presents Ichor'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	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/29/2023	3/29/2024	6/28/2024	9/27/2024	3/28/2025
Total Assets	1,103	1,040	1,003	994	957	948	976	1,007
Total Current Assets	536	470	452	451	421	419	447	460
Cash & Equivalents	56	69	85	76	102	114	116	109
Accounts Receivable	183	123	96	103	73	65	84	80
Inventories, net	291	272	266	267	241	231	239	263
Prepaid Expenses	5.16	6.53	5.51	5.14	5.05	7.60	7.11	7.24
Plant, Property, & Equipment, net	96	101	99	96	93	89	89	103
Total Noncurrent Assets	472	469	452	447	443	440	440	443
Goodwill	335	335	335	335	335	335	335	335
Intangible Assets	76	68	64	60	55	53	51	47
Noncurrent Deferred & Refundable Income Taxes	11	12	1.27	1.93	3.01	3.10	3.37	4.07
Other Noncurrent Operating Assets	49	53	52	49	50	48	50	57
Total Liabilities & Shareholders' Equity	1,103	1,040	1,003	994	957	948	976	1,007
Total Liabilities	533	447	426	422	260	253	279	306
Total Current Liabilities	205	118	106	116	101	98	123	149
Short-Term Debt	7.50	7.50	7.50	7.50	7.50	7.50	7.50	7.50
Accounts Payable	142	68	64	74	61	59	81	103
Accrued Expenses	26	21	17	16	15	15	17	17
Other Current Liabilities	29	21	18	18	17	17	17	22
Total Noncurrent Liabilities	328	328	320	306	159	155	156	157
Long-Term Debt	295	291	285	273	124	123	123	119
Noncurrent Deferred & Payable Income Tax Liabilities	0.04	0.03	0.03	0.03	1.17	1.17	1.17	1.56
Other Noncurrent Operating Liabilities	4.71	37	35	33	33	31	32	37
Total Equity & Noncontrolling Interests	570	593	577	573	697	695	697	700
Total Preferred & Common Equity	570	593	577	573	697	695	697	700
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	570	593	577	573	697	695	697	700
Common Stock	428	437	442	448	593	596	601	613
Retained Earnings	233	248	227	217	196	191	188	179
Treasury Stock	-92	-92	-92	-92	-92	-92	-92	-92

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	39.60%	61.65%	25.57%	-24.62%	47.26%	19.98%	16.70%	-36.63%	4.68%
EBITDA Growth	0.00%	47.43%	72.12%	48.49%	-57.24%	75.55%	61.68%	13.89%	-80.86%	-3.95%
EBIT Growth	0.00%	93.72%	89.00%	38.66%	-76.76%	174.88%	95.54%	7.70%	-113.54%	24.88%
NOPAT Growth	0.00%	34.61%	147.90%	11.80%	-44.96%	13.93%	81.85%	6.51%	-109.19%	29.88%
Net Income Growth	0.00%	196.16%	238.82%	2.53%	-81.46%	210.18%	113.04%	2.69%	-159.04%	51.56%
EPS Growth	0.00%	100.14%	207.14%	6.98%	-79.57%	202.13%	72.54%	2.45%	-158.57%	56.46%
Operating Cash Flow Growth	0.00%	3.90%	39.93%	55.85%	-5.50%	-33.06%	-60.08%	105.95%	83.23%	-51.62%
Free Cash Flow Firm Growth	0.00%	0.00%	-42.05%	132.54%	13.82%	-58.18%	-1,441.28%	107.10%	182.01%	-83.75%
Invested Capital Growth	0.00%	0.00%	162.51%	6.21%	-4.64%	5.96%	106.18%	8.30%	-8.52%	-2.07%
Revenue Q/Q Growth	0.00%	0.00%	8.53%	-4.80%	8.37%	6.48%	4.00%	1.15%	-10.80%	3.64%
EBITDA Q/Q Growth	0.00%	0.00%	7.06%	-4.68%	-0.71%	14.85%	3.65%	1.88%	-52.28%	34.58%
EBIT Q/Q Growth	0.00%	0.00%	4.86%	-8.39%	-3.39%	25.20%	2.23%	2.69%	-183.24%	41.86%
NOPAT Q/Q Growth	0.00%	0.00%	25.48%	-18.67%	82.02%	6.44%	2.90%	1.73%	-172.25%	46.75%
Net Income Q/Q Growth	0.00%	0.00%	25.72%	-21.63%	71.34%	15.91%	3.41%	-0.90%	-154.51%	27.65%
EPS Q/Q Growth	0.00%	0.00%	6.44%	-18.44%	42.42%	13.60%	-0.41%	-0.79%	-153.45%	31.18%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	57.54%	-7.31%	-1.65%	26.40%	-76.34%	291.09%	-2.04%	-58.97%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	161.13%	15.94%	30.90%	-959.52%	106.26%	-21.49%	-82.39%
Invested Capital Q/Q Growth	0.00%	0.00%	52.56%	-6.73%	-4.55%	-5.00%	76.96%	-5.00%	-5.63%	1.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.71%	16.12%	15.36%	16.53%	13.91%	13.66%	16.18%	16.55%	12.75%	12.17%
EBITDA Margin	8.06%	8.51%	9.06%	10.71%	6.08%	7.24%	9.76%	9.53%	2.88%	2.64%
Operating Margin	4.34%	5.88%	7.04%	7.77%	2.41%	4.55%	7.39%	6.70%	-1.34%	-0.90%
EBIT Margin	4.35%	6.04%	7.06%	7.80%	2.40%	4.49%	7.31%	6.75%	-1.44%	-1.04%
Profit (Net Income) Margin	1.94%	4.11%	8.61%	7.03%	1.73%	3.64%	6.46%	5.69%	-5.30%	-2.45%
Tax Burden Percent	63.82%	82.77%	131.20%	106.76%	250.97%	103.06%	96.13%	96.65%	138.31%	115.32%
Interest Burden Percent	69.71%	82.16%	92.92%	84.45%	28.65%	78.72%	91.96%	87.20%	265.65%	205.44%
Effective Tax Rate	-45.27%	-3.22%	-32.27%	-6.76%	-150.97%	-3.06%	3.87%	3.35%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	38.66%	26.44%	19.79%	10.83%	12.27%	14.17%	10.76%	-0.99%	-0.74%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	151.04%	17.51%	12.22%	-8.74%	-17.18%	6.70%	6.29%	-19.46%	-17.15%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-15.14%	5.06%	8.09%	-5.72%	-1.76%	1.37%	2.62%	-6.47%	-2.56%
Return on Equity (ROE)	0.00%	23.52%	31.50%	27.89%	5.11%	10.51%	15.54%	13.38%	-7.46%	-3.30%
Cash Return on Invested Capital (CROIC)	0.00%	-161.34%	-63.22%	13.78%	15.58%	6.48%	-55.19%	2.79%	7.91%	1.36%
Operating Return on Assets (OROA)	0.00%	8.67%	11.02%	12.31%	2.84%	6.12%	8.94%	8.21%	-1.16%	-0.91%
Return on Assets (ROA)	0.00%	5.90%	13.44%	11.10%	2.04%	4.96%	7.90%	6.92%	-4.25%	-2.15%
Return on Common Equity (ROCE)	0.00%	23.52%	31.50%	27.89%	5.11%	10.51%	15.54%	13.38%	-7.46%	-3.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	11.76%	26.04%	29.19%	4.85%	8.08%	14.16%	12.39%	-7.61%	-2.98%
Net Operating Profit after Tax (NOPAT)	18	25	61	68	38	43	78	83	-7.63	-5.35
NOPAT Margin	6.30%	6.07%	9.31%	8.29%	6.05%	4.68%	7.10%	6.48%	-0.94%	-0.63%
Net Nonoperating Expense Percent (NNEP)	0.00%	-112.37%	8.93%	7.57%	19.57%	29.45%	7.46%	4.47%	18.47%	16.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.34%	-0.94%	-0.65%
Cost of Revenue to Revenue	83.29%	83.88%	84.64%	83.47%	86.09%	86.34%	83.82%	83.45%	87.25%	87.83%
SG&A Expenses to Revenue	8.51%	6.93%	5.76%	5.76%	7.61%	6.19%	6.00%	6.92%	9.78%	9.35%
R&D to Revenue	1.66%	1.57%	1.20%	1.14%	1.79%	1.46%	1.43%	1.53%	2.49%	2.71%
Operating Expenses to Revenue	12.37%	10.23%	8.32%	8.76%	11.50%	9.12%	8.79%	9.85%	14.09%	13.07%
Earnings before Interest and Taxes (EBIT)	13	25	46	64	15	41	80	86	-12	-8.79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	35	59	88	38	66	107	122	23	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.90	1.84	3.44	1.71	2.61	1.31	1.75	1.52
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	3.58	17.46	4.29	5.74	3.37
Price to Revenue (P/Rev)	0.00	0.00	0.96	0.44	1.23	0.77	1.19	0.60	1.22	1.25
Price to Earnings (P/E)	0.00	0.00	11.15	6.29	70.97	21.20	18.45	10.61	0.00	0.00
Dividend Yield	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%	8.97%	15.89%	1.41%	4.72%	5.42%	9.42%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.23	1.47	2.59	1.82	2.09	1.23	1.58	1.50
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.14	0.63	1.42	0.71	1.41	0.77	1.43	1.27
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	12.57	5.91	23.30	9.86	14.45	8.09	49.56	48.08
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	16.13	8.12	58.90	15.92	19.29	11.42	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	12.23	7.63	23.38	15.25	19.87	11.90	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	19.25	8.62	15.38	17.07	101.32	31.37	20.07	38.67
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	10.97	16.25	28.86	0.00	45.83	19.05	109.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.27	0.86	1.01	0.80	0.49	0.63	0.51	0.44	0.18
Long-Term Debt to Equity	0.00	0.27	0.83	0.97	0.76	0.47	0.61	0.50	0.43	0.17
Financial Leverage	0.00	-0.10	0.29	0.66	0.65	0.10	0.20	0.42	0.33	0.15
Leverage Ratio	0.00	1.99	2.34	2.51	2.51	2.12	1.97	1.93	1.76	1.53
Compound Leverage Factor	0.00	1.64	2.18	2.12	0.72	1.67	1.81	1.69	4.66	3.15
Debt to Total Capital	0.00%	21.13%	46.28%	50.32%	44.57%	32.73%	38.62%	33.86%	30.57%	15.54%
Short-Term Debt to Total Capital	0.00%	0.00%	1.61%	2.19%	2.19%	1.43%	0.92%	0.84%	0.92%	0.91%
Long-Term Debt to Total Capital	0.00%	21.13%	44.67%	48.13%	42.38%	31.30%	37.71%	33.01%	29.65%	14.64%
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	0.00%	78.87%	53.72%	49.68%	55.43%	67.27%	61.38%	66.14%	69.43%	84.46%
Debt to EBITDA	0.00	1.10	3.14	2.28	4.72	3.02	2.94	2.47	10.65	5.73
Net Debt to EBITDA	0.00	-0.43	1.98	1.78	3.11	-0.79	2.24	1.76	7.23	0.89
Long-Term Debt to EBITDA	0.00	1.10	3.03	2.18	4.49	2.89	2.87	2.40	10.33	5.40
Debt to NOPAT	0.00	1.54	3.06	2.94	4.74	4.68	4.05	3.63	-32.61	-24.03
Net Debt to NOPAT	0.00	-0.60	1.92	2.30	3.12	-1.23	3.08	2.58	-22.12	-3.71
Long-Term Debt to NOPAT	0.00	1.54	2.95	2.81	4.50	4.47	3.95	3.54	-31.62	-22.63
Altman Z-Score	0.00	0.00	2.85	3.37	2.92	3.23	3.38	3.08	3.10	3.60
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	0.00	1.55	1.89	2.41	1.69	3.06	2.22	3.09	4.06	3.34
Quick Ratio	0.00	0.76	0.80	0.96	0.89	2.18	1.05	1.34	1.48	1.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-103	-146	48	54	23	-303	22	61	9.87
Operating Cash Flow to CapEx	1,952.45%	688.94%	471.71%	434.45%	463.02%	400.12%	75.10%	106.86%	371.92%	158.09%
Free Cash Flow to Firm to Interest Expense	0.00	-23.53	-44.57	4.76	5.08	2.59	-47.03	1.95	3.13	1.06
Operating Cash Flow to Interest Expense	6.97	6.35	11.84	6.06	5.37	4.38	2.37	2.84	2.97	3.01
Operating Cash Flow Less CapEx to Interest Expense	6.61	5.42	9.33	4.66	4.21	3.29	-0.78	0.18	2.17	1.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.44	1.56	1.58	1.18	1.36	1.22	1.22	0.80	0.88
Accounts Receivable Turnover	0.00	15.37	17.34	18.40	9.92	9.84	8.99	9.17	7.99	11.07
Inventory Turnover	0.00	4.80	4.93	4.99	4.31	6.03	4.96	4.11	2.67	3.01
Fixed Asset Turnover	0.00	33.76	28.27	21.64	14.39	21.17	17.27	13.97	8.50	9.05
Accounts Payable Turnover	0.00	3.84	5.29	7.40	5.46	6.36	6.65	7.92	8.29	9.80
Days Sales Outstanding (DSO)	0.00	23.75	21.05	19.84	36.78	37.09	40.59	39.82	45.68	32.96
Days Inventory Outstanding (DIO)	0.00	76.01	74.11	73.17	84.73	60.53	73.62	88.81	136.55	121.39
Days Payable Outstanding (DPO)	0.00	94.94	69.02	49.30	66.88	57.39	54.86	46.11	44.01	37.25
Cash Conversion Cycle (CCC)	0.00	4.82	26.14	43.72	54.63	40.23	59.35	82.52	138.23	117.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	127	335	355	339	359	740	802	733	718
Invested Capital Turnover	0.00	6.37	2.84	2.39	1.79	2.62	2.00	1.66	1.06	1.17
Increase / (Decrease) in Invested Capital	0.00	127	207	21	-17	20	381	61	-68	-15
Enterprise Value (EV)	0.00	0.00	747	521	879	653	1,547	987	1,157	1,078
Market Capitalization	0.00	0.00	629	364	761	706	1,308	772	988	1,058
Book Value per Share	$0.00	$47.12	$8.47	$8.68	$9.84	$17.77	$17.62	$20.40	$19.22	$20.70
Tangible Book Value per Share	$0.00	$10.78	($1.02)	($1.38)	($0.16)	$8.50	$2.64	$6.25	$5.85	$9.31
Total Capital	0.00	180	403	399	399	612	816	888	813	827
Total Debt	0.00	38	187	201	178	200	315	301	249	129
Total Long-Term Debt	0.00	38	180	192	169	192	308	293	241	121
Net Debt	0.00	-15	117	157	117	-53	240	214	169	20
Capital Expenditures (CapEx)	1.37	4.03	8.23	14	12	9.56	20	29	15	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	3.37	68	89	61	90	186	268	230	216
Debt-free Net Working Capital (DFNWC)	0.00	56	138	133	122	342	262	355	310	324
Net Working Capital (NWC)	0.00	56	131	124	113	334	254	347	302	317
Net Nonoperating Expense (NNE)	13	7.98	4.63	10	27	9.54	6.98	10	35	15
Net Nonoperating Obligations (NNO)	0.00	-14	118	157	117	-53	240	214	169	20
Total Depreciation and Amortization (D&A)	11	10	13	24	23	25	27	36	35	31
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.83%	10.43%	10.77%	9.86%	9.79%	17.00%	20.95%	28.35%	25.41%
Debt-free Net Working Capital to Revenue	0.00%	13.81%	21.00%	16.10%	19.62%	37.46%	23.88%	27.71%	38.21%	38.21%
Net Working Capital to Revenue	0.00%	13.81%	20.01%	15.03%	18.21%	36.50%	23.20%	27.12%	37.28%	37.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($517.68)	$0.92	$2.25	$2.34	$0.48	$1.44	$2.51	$2.54	($1.47)	($0.64)
Adjusted Weighted Average Basic Shares Outstanding	31.88K	1.50M	25.12M	49.41M	22.42M	23.17M	28.26M	28.71M	29.20M	32.76M
Adjusted Diluted Earnings per Share	($517.68)	$0.70	$2.15	$2.30	$0.47	$1.42	$2.45	$2.51	($1.47)	($0.64)
Adjusted Weighted Average Diluted Shares Outstanding	31.88K	1.97M	26.22M	49.83M	22.77M	23.46M	28.98M	28.96M	29.20M	32.76M
Adjusted Basic & Diluted Earnings per Share	($517.68)	$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	26.25M	22.37M	22.81M	28.06M	28.59M	29.01M	29.54M	34.00M
Normalized Net Operating Profit after Tax (NOPAT)	8.82	17	32	45	10	29	78	83	-7.63	-5.35
Normalized NOPAT Margin	3.03%	4.12%	4.93%	5.44%	1.69%	3.18%	7.10%	6.48%	-0.94%	-0.63%
Pre Tax Income Margin	3.03%	4.96%	6.56%	6.58%	0.69%	3.53%	6.72%	5.88%	-3.83%	-2.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.30	5.61	14.13	6.43	1.40	4.70	12.43	7.81	-0.60	-0.95
NOPAT to Interest Expense	4.78	5.64	18.64	6.84	3.53	4.91	12.07	7.50	-0.39	-0.58
EBIT Less CapEx to Interest Expense	2.94	4.69	11.62	5.04	0.24	3.60	9.28	5.15	-1.40	-2.85
NOPAT Less CapEx to Interest Expense	4.42	4.72	16.13	5.44	2.37	3.81	8.92	4.84	-1.19	-2.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	393.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	393.30%	0.00%	0.00%	155.45%	14.90%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Ichor'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	Q1 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	35.30%	5.06%	-22.95%	-43.86%	-44.67%	-32.56%	-10.84%	9.85%	7.31%	14.65%	21.39%
EBITDA Growth	48.56%	9.35%	-36.33%	-83.30%	-89.92%	-96.94%	-70.73%	2.77%	50.07%	713.88%	87.46%
EBIT Growth	53.78%	14.47%	-61.37%	-111.86%	-114.82%	-143.85%	-199.25%	23.09%	79.97%	80.59%	68.52%
NOPAT Growth	61.47%	9.11%	-64.70%	-108.87%	-110.55%	-129.83%	-178.04%	22.16%	92.02%	84.27%	68.67%
Net Income Growth	56.61%	-4.46%	-100.06%	-195.91%	-135.91%	-183.81%	-179,680.00%	75.25%	73.37%	66.86%	49.28%
EPS Growth	56.25%	-3.92%	-100.00%	-195.95%	-136.00%	-181.63%	0.00%	78.87%	77.78%	72.50%	56.67%
Operating Cash Flow Growth	235.20%	524.27%	70.03%	187.15%	-79.63%	-3.09%	144.18%	-35.08%	102.41%	-106.62%	295.03%
Free Cash Flow Firm Growth	-1,815.19%	88.26%	87.10%	108.67%	116.11%	246.87%	280.92%	98.26%	3.80%	-77.16%	-91.09%
Invested Capital Growth	101.74%	8.30%	7.19%	-4.69%	-7.91%	-8.52%	-11.72%	-9.45%	-8.50%	-2.07%	-1.26%
Revenue Q/Q Growth	7.91%	-15.16%	-25.14%	-18.09%	6.35%	3.42%	-1.03%	0.92%	3.89%	10.49%	4.79%
EBITDA Q/Q Growth	19.35%	-36.01%	-52.17%	-54.28%	-27.97%	-80.57%	357.50%	60.54%	5.18%	5.36%	5.37%
EBIT Q/Q Growth	29.25%	-45.34%	-77.60%	-174.96%	-61.44%	-61.76%	49.30%	41.91%	57.96%	-56.79%	17.78%
NOPAT Q/Q Growth	39.59%	-41.66%	-82.03%	-160.62%	-66.00%	-64.99%	53.00%	39.53%	82.98%	-225.19%	6.39%
Net Income Q/Q Growth	34.80%	-51.10%	-100.04%	-413,020.00%	49.53%	-14.14%	24.46%	43.13%	45.70%	-42.04%	-15.62%
EPS Q/Q Growth	35.14%	-51.00%	-100.00%	0.00%	49.30%	-11.11%	25.00%	50.00%	46.67%	-37.50%	-18.18%
Operating Cash Flow Q/Q Growth	108.61%	98.09%	-128.04%	347.80%	-85.20%	842.18%	-87.21%	264.11%	-53.85%	-130.82%	862.74%
Free Cash Flow Firm Q/Q Growth	6.82%	89.14%	-21.49%	170.55%	73.08%	-0.99%	49.66%	-22.69%	-9.38%	-78.21%	-41.64%
Invested Capital Q/Q Growth	2.48%	-5.00%	2.72%	-4.70%	-0.98%	-5.63%	-0.87%	-2.25%	0.06%	1.00%	-0.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.87%	16.21%	14.72%	13.91%	12.23%	10.00%	11.42%	12.58%	13.16%	11.57%	11.67%
EBITDA Margin	11.59%	8.74%	5.59%	3.12%	2.11%	0.40%	1.83%	2.92%	2.95%	2.82%	2.83%
Operating Margin	9.15%	5.97%	2.12%	-1.57%	-2.45%	-3.91%	-1.86%	-1.11%	-0.18%	-0.54%	-0.48%
EBIT Margin	9.21%	5.93%	1.78%	-1.62%	-2.47%	-3.86%	-1.98%	-1.14%	-0.46%	-0.65%	-0.51%
Profit (Net Income) Margin	8.16%	4.71%	0.00%	-11.16%	-5.30%	-5.85%	-4.46%	-2.52%	-1.31%	-1.69%	-1.86%
Tax Burden Percent	98.38%	103.69%	0.93%	257.04%	104.36%	95.09%	111.31%	122.59%	106.36%	123.30%	157.26%
Interest Burden Percent	90.08%	76.47%	-13.47%	267.33%	205.83%	159.40%	202.91%	180.36%	268.52%	209.84%	231.36%
Effective Tax Rate	1.62%	-3.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	18.05%	10.28%	2.26%	-1.46%	-1.93%	-2.89%	-1.32%	-0.84%	-0.14%	-0.44%	-0.41%
ROIC Less NNEP Spread (ROIC-NNEP)	15.23%	8.30%	0.88%	-9.00%	-4.87%	-6.20%	-6.22%	-4.00%	-2.44%	-3.69%	-16.23%
Return on Net Nonoperating Assets (RNNOA)	3.07%	3.46%	0.39%	-3.99%	-2.04%	-2.06%	-1.25%	-0.70%	-0.42%	-0.55%	-0.55%
Return on Equity (ROE)	21.12%	13.74%	2.65%	-5.45%	-3.97%	-4.95%	-2.57%	-1.54%	-0.56%	-0.99%	-0.96%
Cash Return on Invested Capital (CROIC)	-54.52%	2.79%	2.94%	9.06%	9.54%	7.91%	10.70%	8.16%	7.53%	1.36%	0.78%
Operating Return on Assets (OROA)	12.07%	7.22%	2.09%	-1.68%	-2.14%	-3.09%	-1.56%	-0.94%	-0.38%	-0.57%	-0.47%
Return on Assets (ROA)	10.70%	5.72%	0.00%	-11.53%	-4.59%	-4.69%	-3.52%	-2.08%	-1.09%	-1.48%	-1.69%
Return on Common Equity (ROCE)	21.12%	13.74%	2.65%	-5.45%	-3.97%	-4.95%	-2.57%	-1.54%	-0.56%	-0.99%	-0.96%
Return on Equity Simple (ROE_SIMPLE)	12.89%	0.00%	10.91%	3.91%	-2.95%	0.00%	-7.45%	-5.24%	-4.13%	0.00%	-2.34%
Net Operating Profit after Tax (NOPAT)	32	19	3.36	-2.03	-3.38	-5.57	-2.62	-1.58	-0.27	-0.88	-0.82
NOPAT Margin	9.00%	6.19%	1.49%	-1.10%	-1.72%	-2.74%	-1.30%	-0.78%	-0.13%	-0.38%	-0.34%
Net Nonoperating Expense Percent (NNEP)	2.82%	1.98%	1.38%	7.54%	2.95%	3.30%	4.90%	3.16%	2.30%	3.25%	15.81%
Return On Investment Capital (ROIC_SIMPLE)	-	2.10%	-	-	-	-0.69%	-	-	-	-0.11%	-0.10%
Cost of Revenue to Revenue	82.13%	83.79%	85.28%	86.09%	87.77%	90.00%	88.58%	87.42%	86.84%	88.43%	88.33%
SG&A Expenses to Revenue	6.24%	7.29%	8.93%	10.54%	10.20%	9.63%	9.54%	9.75%	9.58%	8.63%	8.89%
R&D to Revenue	1.37%	1.64%	1.91%	2.80%	2.64%	2.72%	2.67%	2.92%	2.78%	2.51%	2.40%
Operating Expenses to Revenue	8.72%	10.24%	12.59%	15.48%	14.68%	13.91%	13.28%	13.69%	13.34%	12.11%	12.15%
Earnings before Interest and Taxes (EBIT)	33	18	4.01	-3.01	-4.85	-7.85	-3.98	-2.31	-0.97	-1.52	-1.25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	41	26	13	5.77	4.15	0.81	3.69	5.93	6.23	6.57	6.92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.22	1.31	1.60	1.89	1.58	1.75	1.63	1.86	1.54	1.52	1.13
Price to Tangible Book Value (P/TBV)	4.39	4.29	5.00	6.13	5.12	5.74	3.70	4.21	3.45	3.37	2.48
Price to Revenue (P/Rev)	0.55	0.60	0.78	1.02	1.00	1.22	1.44	1.60	1.31	1.25	0.88
Price to Earnings (P/E)	9.47	10.61	14.66	48.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	10.56%	9.42%	6.82%	2.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.23	1.43	1.65	1.43	1.58	1.60	1.84	1.53	1.50	1.12
Enterprise Value to Revenue (EV/Rev)	0.77	0.77	0.97	1.21	1.22	1.43	1.48	1.62	1.33	1.27	0.90
Enterprise Value to EBITDA (EV/EBITDA)	8.10	8.09	10.28	15.09	22.70	49.56	80.75	89.59	65.25	48.08	31.42
Enterprise Value to EBIT (EV/EBIT)	11.53	11.42	14.74	25.11	78.99	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.90	11.90	14.99	37.95	105.18	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	31.37	20.75	17.43	18.87	20.07	15.88	20.46	16.00	38.67	19.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	45.83	50.33	17.81	14.36	19.05	14.04	21.40	19.40	109.26	142.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.51	0.50	0.51	0.49	0.44	0.19	0.19	0.19	0.18	0.18
Long-Term Debt to Equity	0.57	0.50	0.49	0.49	0.48	0.43	0.18	0.18	0.18	0.17	0.17
Financial Leverage	0.20	0.42	0.44	0.44	0.42	0.33	0.20	0.18	0.17	0.15	0.03
Leverage Ratio	1.84	1.93	1.86	1.86	1.84	1.76	1.55	1.53	1.55	1.53	1.41
Compound Leverage Factor	1.66	1.48	-0.25	4.96	3.78	2.80	3.14	2.77	4.17	3.21	3.25
Debt to Total Capital	36.71%	33.86%	33.50%	33.61%	32.87%	30.57%	15.91%	15.78%	15.74%	15.54%	15.33%
Short-Term Debt to Total Capital	0.83%	0.84%	0.84%	0.86%	0.88%	0.92%	0.90%	0.91%	0.91%	0.91%	0.91%
Long-Term Debt to Total Capital	35.88%	33.01%	32.66%	32.74%	31.99%	29.65%	15.01%	14.87%	14.84%	14.64%	14.42%
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	63.29%	66.14%	66.50%	66.39%	67.13%	69.43%	84.09%	84.22%	84.26%	84.46%	84.67%
Debt to EBITDA	2.76	2.47	2.61	3.40	5.73	10.65	9.15	8.93	7.82	5.73	4.94
Net Debt to EBITDA	2.29	1.76	2.01	2.41	4.18	7.23	2.07	1.08	0.83	0.89	0.68
Long-Term Debt to EBITDA	2.70	2.40	2.54	3.31	5.58	10.33	8.63	8.41	7.37	5.40	4.65
Debt to NOPAT	4.05	3.63	3.80	8.55	26.57	-32.61	-9.70	-9.90	-12.97	-24.03	-35.71
Net Debt to NOPAT	3.36	2.58	2.92	6.07	19.38	-22.12	-2.19	-1.20	-1.38	-3.71	-4.93
Long-Term Debt to NOPAT	3.96	3.54	3.70	8.33	25.86	-31.62	-9.15	-9.33	-12.23	-22.63	-33.60
Altman Z-Score	2.69	2.87	3.19	3.32	2.90	3.11	4.11	4.59	3.82	3.62	3.05
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	2.61	3.09	3.97	4.25	3.90	4.06	4.16	4.27	3.64	3.34	3.09
Quick Ratio	1.17	1.34	1.62	1.70	1.55	1.48	1.73	1.83	1.63	1.44	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-394	-43	-52	37	63	63	94	73	66	14	8.37
Operating Cash Flow to CapEx	243.31%	555.90%	-159.45%	671.06%	165.82%	1,664.78%	106.99%	614.40%	136.79%	-56.57%	102.68%
Free Cash Flow to Firm to Interest Expense	-121.14	-10.15	-11.41	7.28	12.34	13.46	22.93	39.09	40.18	8.57	5.08
Operating Cash Flow to Interest Expense	6.02	9.21	-2.39	5.36	0.78	8.06	1.17	9.41	4.93	-1.49	11.53
Operating Cash Flow Less CapEx to Interest Expense	3.55	7.55	-3.89	4.56	0.31	7.57	0.08	7.88	1.33	-4.11	0.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.31	1.22	1.18	1.03	0.87	0.80	0.79	0.83	0.83	0.88	0.91
Accounts Receivable Turnover	8.30	9.17	8.78	8.41	6.34	7.99	8.02	10.00	8.74	11.07	11.64
Inventory Turnover	4.36	4.11	3.78	3.22	2.79	2.67	2.71	2.86	2.85	3.01	3.11
Fixed Asset Turnover	17.03	13.97	12.94	11.21	9.48	8.50	8.10	8.56	8.83	9.05	9.10
Accounts Payable Turnover	7.54	7.92	9.59	8.48	7.20	8.29	10.72	11.59	9.32	9.80	9.56
Days Sales Outstanding (DSO)	43.98	39.82	41.57	43.42	57.53	45.68	45.49	36.50	41.77	32.96	31.35
Days Inventory Outstanding (DIO)	83.78	88.81	96.59	113.25	130.89	136.55	134.80	127.58	127.87	121.39	117.46
Days Payable Outstanding (DPO)	48.39	46.11	38.05	43.04	50.69	44.01	34.04	31.49	39.14	37.25	38.18
Cash Conversion Cycle (CCC)	79.37	82.52	100.11	113.63	137.73	138.23	146.24	132.59	130.50	117.09	110.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	844	802	824	785	777	733	727	711	711	718	718
Invested Capital Turnover	2.01	1.66	1.52	1.33	1.12	1.06	1.01	1.08	1.10	1.17	1.23
Increase / (Decrease) in Invested Capital	426	61	55	-39	-67	-68	-97	-74	-66	-15	-9.19
Enterprise Value (EV)	970	987	1,180	1,297	1,110	1,157	1,164	1,306	1,087	1,078	806
Market Capitalization	696	772	950	1,090	906	988	1,135	1,290	1,073	1,058	789
Book Value per Share	$19.83	$20.40	$20.46	$19.87	$19.58	$19.22	$23.23	$20.76	$20.70	$20.70	$20.60
Tangible Book Value per Share	$5.51	$6.25	$6.55	$6.12	$6.04	$5.85	$10.22	$9.15	$9.23	$9.31	$9.36
Total Capital	900	888	892	870	853	813	829	825	828	827	827
Total Debt	331	301	299	292	280	249	132	130	130	129	127
Total Long-Term Debt	323	293	291	285	273	241	124	123	123	121	119
Net Debt	274	214	230	208	205	169	30	16	14	20	17
Capital Expenditures (CapEx)	8.05	6.98	6.82	4.02	2.41	2.26	4.49	2.85	5.90	4.40	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	282	268	290	269	267	230	225	214	215	216	209
Debt-free Net Working Capital (DFNWC)	338	355	359	353	343	310	327	328	332	324	318
Net Working Capital (NWC)	331	347	351	346	336	302	320	321	324	317	311
Net Nonoperating Expense (NNE)	2.99	4.48	3.36	19	7.05	6.33	6.37	3.53	2.51	3.07	3.74
Net Nonoperating Obligations (NNO)	274	214	230	208	205	169	30	16	14	20	17
Total Depreciation and Amortization (D&A)	8.47	8.47	8.61	8.77	9.01	8.66	7.67	8.24	7.21	8.09	8.17
Debt-free, Cash-free Net Working Capital to Revenue	22.25%	20.95%	23.91%	25.14%	29.39%	28.35%	28.65%	26.55%	26.27%	25.41%	23.44%
Debt-free Net Working Capital to Revenue	26.71%	27.71%	29.59%	33.06%	37.74%	38.21%	41.63%	40.76%	40.48%	38.21%	35.69%
Net Working Capital to Revenue	26.12%	27.12%	28.97%	32.36%	36.91%	37.28%	40.68%	39.82%	39.56%	37.33%	34.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.01	$0.50	$0.00	($0.71)	($0.36)	($0.40)	($0.30)	($0.15)	($0.08)	($0.11)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	28.77M	28.71M	28.98M	29.12M	29.30M	29.20M	30.01M	33.55M	33.70M	32.76M	34.00M
Adjusted Diluted Earnings per Share	$1.00	$0.49	$0.00	($0.71)	($0.36)	($0.40)	($0.30)	($0.15)	($0.08)	($0.11)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	29.05M	28.96M	28.98M	29.12M	29.30M	29.20M	30.01M	33.55M	33.70M	32.76M	34.00M
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	28.80M	29.01M	29.06M	29.25M	29.38M	29.54M	33.48M	33.69M	33.73M	34.00M	34.12M
Normalized Net Operating Profit after Tax (NOPAT)	32	13	3.36	-2.03	-3.38	-5.57	-2.62	-1.58	-0.27	-0.88	-0.82
Normalized NOPAT Margin	9.00%	4.18%	1.49%	-1.10%	-1.72%	-2.74%	-1.30%	-0.78%	-0.13%	-0.38%	-0.34%
Pre Tax Income Margin	8.30%	4.54%	-0.24%	-4.34%	-5.08%	-6.15%	-4.01%	-2.05%	-1.24%	-1.37%	-1.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.08	4.25	0.88	-0.60	-0.94	-1.68	-0.97	-1.24	-0.59	-0.91	-0.76
NOPAT to Interest Expense	9.86	4.43	0.74	-0.40	-0.66	-1.19	-0.64	-0.85	-0.16	-0.52	-0.50
EBIT Less CapEx to Interest Expense	7.61	2.59	-0.62	-1.40	-1.41	-2.17	-2.07	-2.78	-4.20	-3.54	-11.99
NOPAT Less CapEx to Interest Expense	7.38	2.78	-0.76	-1.20	-1.13	-1.68	-1.74	-2.38	-3.77	-3.15	-11.73
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

ICHOR HOLDINGS, LTD. (NASDAQ: ICHR) reported a strong start to fiscal 2025 with top–line growth accelerating and solid cash generation, even as profitability remains under pressure. Revenue increased 21.4% year-over-year in Q1 2025, driven by robust demand, while operating cash flow and free cash flow both turned positive. The company continues to invest heavily in capital expenditures and inventory build‐up, supporting long-term growth but weighing on near-term earnings. Leverage remains modest, and liquidity metrics are healthy. Here are the key financial takeaways from Q1 2025:

Revenue grew 21.4% in Q1 2025 versus year-ago quarter, marking the highest growth rate in the past three years.
Operating cash flow jumped to $18.98 M in Q1 2025, a sharp improvement from the prior quarter’s outflow.
Free cash flow to firm was positive at $8.37 M in Q1 2025 despite elevated investment levels.
Net debt to EBITDA stood at just 0.68x, underlining a conservative leverage position.
Liquidity remains strong with a current ratio of 3.09x and quick ratio of 1.27x as of quarter-end.
Capital expenditures rose to $18.48 M in Q1 2025, reflecting ongoing reinvestment in production capacity.
EBITDA margin held at 2.8% in Q1 2025, roughly in line with the company’s typical low‐single-digit range.
Enterprise value to EBITDA multiple sits at ~31x, consistent with peer valuations in the semiconductor tooling sector.
Reported a net loss of $4.56 M in Q1 2025, resulting in adjusted EPS of –$0.13.
Profit margin remained negative at –1.9% in Q1 2025, reflecting ongoing cost and investment pressures.

Overall, Ichor’s Q1 2025 results highlight a business in growth mode, generating healthy cash flows even as it reinvests heavily for future expansion. Investors should monitor the path to positive operating profitability as volumes and margins continue to recover.

07/08/25 11:32 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Ichor's Financials

When does Ichor's financial year end?

According to the most recent income statement we have on file, Ichor's fiscal year ends in December. Their fiscal year 2024 ended on December 27, 2024.

How has Ichor's net income changed over the last 9 years?

Ichor's net income appears to be on a downward trend, with a most recent value of -$20.82 million in 2024, falling from $5.63 million in 2015. The previous period was -$42.99 million in 2023. See where experts think Ichor is headed by visiting Ichor's forecast page.

What is Ichor's operating income?

Ichor's total operating income in 2024 was -$7.64 million, based on the following breakdown:

Total Gross Profit: $103.33 million
Total Operating Expenses: $110.97 million

How has Ichor's revenue changed over the last 9 years?

Over the last 9 years, Ichor's total revenue changed from $290.64 million in 2015 to $849.04 million in 2024, a change of 192.1%.

How much debt does Ichor have?

Ichor's total liabilities were at $297.23 million at the end of 2024, a 20.5% decrease from 2023, and a 111.1% increase since 2016.

How much cash does Ichor have?

In the past 8 years, Ichor's cash and equivalents has ranged from $43.83 million in 2018 to $252.90 million in 2020, and is currently $108.67 million as of their latest financial filing in 2024.

How has Ichor's book value per share changed over the last 9 years?

Over the last 9 years, Ichor's book value per share changed from 0.00 in 2015 to 20.70 in 2024, a change of 2,070.2%.

Related Companies

This page (NASDAQ:ICHR) was last updated on 7/8/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Ichor (ICHR) Financials

Key Financial Trends

Frequently Asked Questions About Ichor's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Ichor (ICHR) Financials

Annual Income Statements for Ichor

Quarterly Income Statements for Ichor

Annual Cash Flow Statements for Ichor

Quarterly Cash Flow Statements for Ichor

Annual Balance Sheets for Ichor

Quarterly Balance Sheets for Ichor

Annual Metrics And Ratios for Ichor

Quarterly Metrics And Ratios for Ichor

Key Financial Trends

Frequently Asked Questions About Ichor's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools