FormFactor, Inc.
FORMTechnologyNASDAQSemiconductor Equipment & Materials · Last scanned Jul 18, 2026
Scan Results
Daily timeframePart of the technology sector, FormFactor, Inc. (FORM) is listed under Semiconductor Equipment & Materials. With a market capitalization of $8.23B, it sits in mid-cap territory. The company operates in two segments: Probe Cards and Systems segments.
Market Cap
$8.23B
Beta
1.22
P/E (TTM)
124.20
P/E (Fwd)
37.82
EPS (TTM)
$0.85
EPS (Fwd)
$2.79
ROE
6.8%
ROA
5.1%
Cash
$303.3M
Total Debt
$31.9M
Free CF
-$566,875
52W Change
199.2%
Annual Financials
Cash vs Debt
FormFactor, Inc. holds $303.3M in cash against $31.9M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow is running at -$567K, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 6.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 5.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $769.7M (2021) to $785.0M (2025).
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. At over 50x earnings, FORM carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for FormFactor, Inc. and its sector.