FormFactor, Inc.
NASDAQ:FORM · NASDAQ Global Select
-$0.29 today
Vol 1.76M · Avg 1.85M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:FORM · Revenue to Net Income
Key Ratios
Analysis
$839.8M of revenue converted into $68.3M of net income for the selected period. Gross margin is 41.9% and net margin is 8.0%, showing how much revenue survives after costs and taxes. EPS is $0.87, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $785.0M +2.8% | $763.6M +15.2% | $663.1M -11.3% | $747.9M -2.8% | $769.7M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $477.8M +4.9% | $455.7M +12.6% | $404.5M -10.5% | $451.9M +1.1% | $446.9M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $307.2M -0.2% | $307.9M +19.1% | $258.6M -12.6% | $296.0M -8.3% | $322.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 39.1% -1.2pp | 40.3% +1.3pp | 39.0% -0.6pp | 39.6% -2.4pp | 41.9% | 9.8% | 28.9% | 38.3% |
| Research & Development | $115.9M -4.9% | $121.9M +5.3% | $115.8M +6.0% | $109.2M +8.2% | $100.9M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $127.1M -10.4% | $141.8M +6.6% | $133.0M +0.9% | $131.9M +6.5% | $123.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $243.0M -0.1% | $243.1M +38.3% | $175.8M -27.1% | $241.1M +7.3% | $224.7M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $46.9M +42.6% | $32.9M -12.1% | $37.5M -1.5% | $38.0M -14.6% | $44.5M | $374.2M | $1.2B | $631.8M |
| EBITDA | $114.8M +1.8% | $112.7M -11.3% | $127.1M +31.8% | $96.5M -32.8% | $143.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 14.6% -0.1pp | 14.8% -4.4pp | 19.2% +6.3pp | 12.9% -5.8pp | 18.7% | 5.6% | 46.3% | 42.0% |
| Operating Income | $64.2M -0.9% | $64.8M -21.7% | $82.8M +50.7% | $54.9M -44.0% | $98.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 8.2% -0.3pp | 8.5% -4.0pp | 12.5% +5.1pp | 7.3% -5.4pp | 12.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $10.6M -24.6% | $14.1M +95.5% | $7.2M +225.1% | $2.2M +290.2% | $569.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $521.0K +24.6% | $418.0K -0.7% | $421.0K -27.3% | $579.0K -3.8% | $602.0K | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $3.1M -78.5% | $14.6M +124.7% | $6.5M +120.1% | $3.0M +540.3% | $462.0K | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $67.4M -15.2% | $79.4M -11.0% | $89.3M +54.3% | $57.9M -41.2% | $98.5M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.6% -1.8pp | 10.4% -3.1pp | 13.5% +5.7pp | 7.7% -5.1pp | 12.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $13.0M +32.7% | $9.8M +42.4% | $6.9M -3.5% | $7.1M -51.1% | $14.6M | $1.3B | -$1.6B | $745.2M |
| Net Income | $54.4M -21.9% | $69.6M -15.5% | $82.4M +62.4% | $50.7M -39.5% | $83.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 6.9% -2.2pp | 9.1% -3.3pp | 12.4% +5.6pp | 6.8% -4.1pp | 10.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -22.2% | $1 -15.1% | $1 +63.1% | $1 -39.8% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -22.5% | $1 -15.2% | $1 +61.5% | $1 -38.7% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $77.3M +0.0% | $77.3M -0.0% | $77.4M -0.3% | $77.6M -0.3% | $77.8M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $78.3M -0.2% | $78.4M +0.4% | $78.2M -0.1% | $78.2M -1.2% | $79.1M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Vicor Corporation
NASDAQ:VICR
$14.67B
Semtech Corporation
NASDAQ:SMTC
$13.99B
Silicon Motion Technology Corporation
NASDAQ:SIMO
$10.31B
Camtek Ltd.
NASDAQ:CAMT
$8.20B
Silicon Laboratories Inc.
NASDAQ:SLAB
$7.21B
IPG Photonics Corporation
NASDAQ:IPGP
$4.82B
Science Applications International Corporation
NASDAQ:SAIC
$4.51B
DLocal Limited
NASDAQ:DLO
$3.74B
Ambarella, Inc.
NASDAQ:AMBA
$2.89B
Paysafe Limited
NYSE:PSFE
$351.92M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FORM generate?
FormFactor, Inc. (FORM) reported $784.99M of revenue in fiscal 2025.
Is FORM profitable?
FormFactor, Inc. (FORM) reported $54.36M of net income, with a net margin of 6.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.