Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $384M | $548M | $530M | $589M | $694M | $770M | $748M | $663M | $764M | $785M |
| Revenue growth | — | 42.9% | -3.4% | 11.3% | 17.7% | 11.0% | -2.8% | -11.3% | 15.2% | 2.8% |
| Gross profit | $103M | $216M | $210M | $237M | $288M | $323M | $296M | $259M | $308M | $309M |
| Gross margin | 26.7% | 39.3% | 39.7% | 40.3% | 41.5% | 41.9% | 39.6% | 39.0% | 40.3% | 39.3% |
| Operating income | -$47.9M | $46.3M | $36.1M | $49.7M | $83.8M | $98.0M | $54.9M | $82.8M | $64.8M | $57.1M |
| Operating margin | -12.5% | 8.4% | 6.8% | 8.4% | 12.1% | 12.7% | 7.3% | 12.5% | 8.5% | 7.3% |
| Net income | -$6.56M | $40.9M | $104M | $39.3M | $78.5M | $83.9M | $50.7M | $82.4M | $69.6M | $54.4M |
| Net margin | -1.7% | 7.5% | 19.6% | 6.7% | 11.3% | 10.9% | 6.8% | 12.4% | 9.1% | 6.9% |
| EPS (diluted) | -$0.10 | $0.55 | $1.38 | $0.51 | $0.99 | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17.4M | $86.3M | $68.7M | $121M | $169M | $139M | $132M | $64.6M | $118M | $115M |
| Capital expenditures | $11.5M | $17.8M | $19.9M | $20.8M | $55.9M | $66.5M | $65.3M | $56.0M | $38.4M | $104M |
| Free cash flow | $5.90M | $68.6M | $48.8M | $100M | $113M | $72.9M | $66.5M | $8.57M | $79.1M | $11.7M |
| Share buybacks | $0.00 | $19.0M | $0.00 | $0.00 | $0.00 | $24.0M | $82.3M | $19.8M | $53.3M | $26.2M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $101M | $91.2M | $98.5M | $145M | $187M | $151M | $109M | $178M | $191M | $103M |
| Total assets | $619M | $647M | $728M | $840M | $963M | $1.02B | $1.01B | $1.11B | $1.15B | $1.22B |
| Total liabilities | $218M | $188M | $148M | $199M | $219M | $205M | $200M | $198M | $198M | $189M |
| Long-term debt | $125M | $87.2M | $35.0M | $15.6M | $25.0M | $15.4M | $14.4M | $13.3M | $12.2M | $11.1M |
| Shareholders' equity | $401M | $459M | $580M | $641M | $744M | $816M | $808M | $909M | $948M | $1.04B |
| Retained earnings | -$429M | -$388M | -$284M | -$244M | -$166M | -$81.8M | -$31.1M | $51.3M | $121M | $175M |
| Shares (wtd avg diluted) | 64.9M | 74.2M | 75.2M | 77.3M | 79.0M | 79.1M | 78.2M | 78.2M | 78.4M | 78.3M |
Every figure is extracted from FORMFACTOR INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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