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Company Analysis

FormFactor, Inc. FORM

A comprehensive view of key metrics, scores, and financial health for FormFactor, Inc.

Overview of FormFactor, Inc.

FORM NMS
Technology Semiconductor Equipment & Materials Mid Cap
FormFactor, Inc. (FORM), is a Mid Cap company, in the Semiconductor Equipment & Materials industry, last closed at $89.92, about 74.0% overvalued vs fair value, +175.4% 1Y return, ranked 281/761 in sector.
$89.92
1.72%
As of March 13, 2026
Previous close • Vol 90d: 62.5%
52-Week Range
Market Cap
$7.01B
Enterprise Value
$6.95B
Overall Score
Scores locked

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Top Beats
No strong beats yet

Quick Facts

Website https://www.formfactor.com
HQ Livermore, CA
Employees 2,153
Fiscal year Dec 31

Next Events

Earnings Apr 29 Estimated

Fair Value Snapshot

Bear Base Bull
$21
$23
$26
Current: $89.92 -74% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$785.0M
2.8%%
Gross Profit
$310.0M
0.7%%
Operating Income
$67.0M
51.7%%
Net Income
$54.4M
-21.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
145.5%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$27.3M
34.5% of FCF

Where It Leaks

Cash Flow Health significant issues
Overall assessment of cash flow efficiency and conversion quality.
3
Active Leaks
1/3
Improving
1
High Impact
0
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating FormFactor, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
61
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
53
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing FORM's balance between Growth (28.7%), Profitability (34.3%), and Safety (37.0%). Growth 29% Safety 37% Profitability 34%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

43th percentile vs peers
44
Key Signals
Rev Growth YoY 2.8% 48p Revenue CAGR 3Y 1.6% 55p EPS CAGR 3Y 2.3% 40p EPS Growth YoY -21.8% 25p
Strengths
  • Interest Coverage Ratio in top 20% of peers (190.98, 89th percentile)
  • Strong liquidity position vs peers
Risks

No significant risks identified for this axis.

Profitability

52th percentile vs peers
52
Key Signals
Strengths
Risks
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Safety

56th percentile vs peers
56
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for FormFactor, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$23.36
- - -
-74.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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