FormFactor, Inc.

FORMNASDAQTechnology● Active

$121.76

+$5.06(+4.34%)

Market Cap$9.5B

P/E Ratio—

52W High$159.09

52W Low$26.08

Avg Volume1.8M

Open$124.88

Beta1.26

Overview

FormFactor, Inc. (FORM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FORM · free cash flow · updated Jun 8, 2026

Core FCF metrics

FORM · FCF · TTM · margin & CAGR

Free cash flow was $11.7M for FY2025 (fiscal year ending 2025-12-27), down 85.2% year-over-year The FCF margin was 1.5%. Five-year CAGR stands at -36.5%.

FY2025 Free Cash Flow$11.7M▼ -85.2% YoY

Trailing 12M (TTM)$36.6Mtrailing 4 quarters sum

FCF Margin1.5%$11.7M ÷ revenue

3-Year CAGR-43.9%FY2022 → FY2025

5-Year CAGR-36.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FORM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$115.4M(104M)$11.7M▼ 85.2%1.5%

FY2024$117.5M(38M)$79.1M▲ +822.4%10.4%

FY2023$64.6M(56M)$8.6M▼ 87.1%1.3%

FY2022$131.8M(65M)$66.5M▼ 8.7%8.9%

FY2021$139.4M(66M)$72.9M▼ 35.7%9.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FORM · P/FCF · FCF yield · FCF per share

FormFactor, Inc. (FORM) trades at a FCF yield of 0.39% and a price-to-free-cash-flow ratio of 259.1x. FCF per share stands at $0.47, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.39%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.47

TTM FCF ÷ Shares Outstanding

Price / FCF

x259.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x256.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-27

Cash flow statement summary

FORM · cash flow statement · operating / investing / financing

For FY2025, FormFactor, Inc. generated $115.4M in operating cash flow and spent 104M in capital expenditures, yielding $11.7M in free cash flow.

Operating Activities

+$115.4M

Cash from core business operations

2025-12-27

Investing Activities

−$191.5M

CapEx, acquisitions & investments

2025-12-27

Financing Activities

−$13.6M

Buybacks, dividends & debt

2025-12-27

FCF FormulaOperating CF ($115.4M) − |CapEx| (104M) = FCF ($11.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

FORM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

FormFactor, Inc.YOU

FORM

$11.7M-85.2%1.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

FormFactor, Inc. (FORM) reported free cash flow of $11.7M for FY2025 (fiscal year ending 2025-12-27), down 85.2% year-over-year. The FCF margin was 1.5%.

Based on available data, FormFactor, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $113.4M in FY2020. The 5-year CAGR stands at -36.5%.

FormFactor, Inc.'s FCF yield is 0.39% and price-to-FCF ratio is 259.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FORM free cash flow · 8 questions

FormFactor, Inc. free cash flow was $11.7M for FY2025, down 85.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $36.6M.

FORM free cash flowFORM FCFFORM FCF 2025FORM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · FormFactor, Inc. · FormFactor, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026