FormFactor, Inc.
FORMTechnologyNASDAQSemiconductor Equipment & Materials
Scan Results
Daily timeframePart of the technology sector, FormFactor, Inc. (FORM) is listed under Semiconductor Equipment & Materials. Valued at $9.71B, FORM is a mid-cap name in its sector. The company operates in two segments: Probe Cards and Systems segments.
Market Cap
$9.71B
Beta
1.32
P/E (TTM)
144.87
P/E (Fwd)
45.83
EPS (TTM)
$0.87
EPS (Fwd)
$2.72
ROE
6.8%
ROA
5.1%
Cash
$303.3M
Total Debt
$31.9M
Free CF
-$566,875
52W Change
315.0%
Annual Financials
Cash vs Debt
With $303.3M in cash and $31.9M in debt, FORM maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$567K. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. 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. No single metric tells the full story. Reviewing FORM's risk profile alongside its fundamentals and technical indicators provides a more complete picture.