Explain this page
Arphra AIPlain-English read on FormFactor, Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Revenue & profit | ||||||||
| Revenue | $769.67M | $747.94M | $663.1M | $763.6M | $784.99M | $963.57M | $1.11B | $1.11B |
| Cost of revenue | $446.91M | $451.93M | $404.52M | $455.68M | $477.78M | $575.19M | $672M | $674.61M |
| Gross profit | $322.77M | $296.01M | $258.58M | $307.92M | $307.21M | $373.45M | $441.76M | $425.61M |
| Gross margin | +41.94% | +39.58% | +39.00% | +40.33% | +39.14% | +38.76% | +39.78% | +38.46% |
| Operating | ||||||||
| Research & development | $100.94M | $109.22M | $115.77M | $121.94M | $115.92M | $157.11M | $180.25M | $175.02M |
| Selling, general & administrative | $123.79M | $131.88M | $133.01M | $141.79M | $127.07M | $171.61M | $204.14M | $197.17M |
| Total operating expenses | $224.73M | $241.1M | $175.82M | $243.14M | $242.99M | $291.46M | $327.78M | $331.71M |
| Operating income | $98.04M | $54.91M | $82.76M | $64.78M | $64.22M | $91.68M | $110.11M | $104.92M |
| Operating margin | +12.74% | +7.34% | +12.48% | +8.48% | +8.18% | +9.52% | +9.92% | +9.48% |
| EBITDA | $143.62M | $96.49M | $127.14M | $112.73M | $111.15M | $154.52M | $177.04M | $180.31M |
| EBIT | $99.1M | $58.45M | $89.69M | $79.83M | $64.22M | $100.34M | $118.72M | $118.18M |
| Below the line | ||||||||
| Interest expense | $602K | $579K | $421K | $418K | $521K | $609.81K | $702.22K | $688.97K |
| Interest income | $569K | $2.22M | $7.22M | $14.11M | $10.64M | $13.82M | $15.44M | $16.12M |
| Other income / expense | $462K | $2.96M | $6.51M | $14.63M | $3.15M | — | — | — |
| Pre-tax income | $98.5M | $57.87M | $89.27M | $79.41M | $67.37M | $103.66M | $116.5M | $116.26M |
| Income tax expense | $14.58M | $7.13M | $6.88M | $9.8M | $13M | $13.99M | $15.97M | $15.47M |
| Earnings | ||||||||
| Net income | $83.92M | $50.74M | $82.39M | $69.61M | $54.36M | $92.04M | $102.77M | $105.65M |
| Net income · continuing ops | $83.92M | $50.74M | $82.39M | $69.61M | $54.36M | $91.24M | $107.13M | $106.76M |
| Net margin | +10.90% | +6.78% | +12.42% | +9.12% | +6.93% | +9.55% | +9.25% | +9.55% |
| EPS · basic | $1.08 | $0.65 | $1.06 | $0.90 | $0.70 | $2.51 | $3.13 | $2.95 |
| EPS · diluted | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 | $2.45 | $3.06 | $2.89 |
| EPS · low estimate | — | — | — | — | — | $2.30 | $2.76 | $2.65 |
| EPS · high estimate | — | — | — | — | — | $2.50 | $3.52 | $3.14 |
| Shares · basic | 77.79M | 77.58M | 77.37M | 77.34M | 77.35M | 77.96M | 77.88M | 77.49M |
| Shares · diluted | 79.13M | 78.2M | 78.16M | 78.44M | 78.31M | 78.24M | 78.16M | 77.59M |
| Coverage | ||||||||
| Analysts (revenue) | — | — | — | — | — | 7 | 8 | 2 |
| Analysts (EPS) | — | — | — | — | — | 6 | 6 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro