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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and FORMFACTOR INC (FORM). Click either name above to swap in a different company.

FORMFACTOR INC is the larger business by last-quarter revenue ($226.1M vs $133.7M, roughly 1.7× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 9.0%, a 19.1% gap on every dollar of revenue. On growth, FORMFACTOR INC posted the faster year-over-year revenue change (32.0% vs 13.0%). Over the past eight quarters, FORMFACTOR INC's revenue compounded faster (7.0% CAGR vs 5.5%).

First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

FCF vs FORM — Head-to-Head

Bigger by revenue
FORM
FORM
1.7× larger
FORM
$226.1M
$133.7M
FCF
Growing faster (revenue YoY)
FORM
FORM
+19.0% gap
FORM
32.0%
13.0%
FCF
Higher net margin
FCF
FCF
19.1% more per $
FCF
28.1%
9.0%
FORM
Faster 2-yr revenue CAGR
FORM
FORM
Annualised
FORM
7.0%
5.5%
FCF

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCF
FCF
FORM
FORM
Revenue
$133.7M
$226.1M
Net Profit
$37.5M
$20.4M
Gross Margin
38.4%
Operating Margin
7.4%
Net Margin
28.1%
9.0%
Revenue YoY
13.0%
32.0%
Net Profit YoY
14.8%
218.5%
EPS (diluted)
$0.37
$0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FCF
FCF
FORM
FORM
Q1 26
$133.7M
$226.1M
Q4 25
$137.9M
$215.2M
Q3 25
$136.0M
$202.7M
Q2 25
$131.0M
$195.8M
Q1 25
$118.0M
$171.4M
Q4 24
$120.4M
$189.5M
Q3 24
$121.2M
$207.9M
Q2 24
$120.2M
$197.5M
Net Profit
FCF
FCF
FORM
FORM
Q1 26
$37.5M
$20.4M
Q4 25
$44.9M
$23.2M
Q3 25
$41.3M
$15.7M
Q2 25
$33.4M
$9.1M
Q1 25
$32.7M
$6.4M
Q4 24
$35.8M
$9.7M
Q3 24
$32.1M
$18.7M
Q2 24
$37.1M
$19.4M
Gross Margin
FCF
FCF
FORM
FORM
Q1 26
38.4%
Q4 25
42.2%
Q3 25
39.8%
Q2 25
37.3%
Q1 25
37.7%
Q4 24
38.8%
Q3 24
40.7%
Q2 24
44.0%
Operating Margin
FCF
FCF
FORM
FORM
Q1 26
7.4%
Q4 25
40.9%
10.9%
Q3 25
38.1%
8.9%
Q2 25
32.1%
6.3%
Q1 25
34.8%
1.9%
Q4 24
37.1%
4.1%
Q3 24
33.4%
8.6%
Q2 24
38.7%
9.0%
Net Margin
FCF
FCF
FORM
FORM
Q1 26
28.1%
9.0%
Q4 25
32.5%
10.8%
Q3 25
30.4%
7.7%
Q2 25
25.5%
4.6%
Q1 25
27.7%
3.7%
Q4 24
29.8%
5.1%
Q3 24
26.5%
9.0%
Q2 24
30.9%
9.8%
EPS (diluted)
FCF
FCF
FORM
FORM
Q1 26
$0.37
$0.26
Q4 25
$0.44
$0.29
Q3 25
$0.39
$0.20
Q2 25
$0.32
$0.12
Q1 25
$0.32
$0.08
Q4 24
$0.35
$0.12
Q3 24
$0.31
$0.24
Q2 24
$0.36
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCF
FCF
FORM
FORM
Cash + ST InvestmentsLiquidity on hand
$123.5M
Total DebtLower is stronger
$154.9M
Stockholders' EquityBook value
$1.6B
$1.1B
Total Assets
$12.3B
$1.3B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCF
FCF
FORM
FORM
Q1 26
$123.5M
Q4 25
$103.3M
Q3 25
$266.0M
Q2 25
$249.3M
Q1 25
$299.0M
Q4 24
$360.0M
Q3 24
$354.5M
Q2 24
$357.6M
Total Debt
FCF
FCF
FORM
FORM
Q1 26
$154.9M
Q4 25
$261.7M
$12.2M
Q3 25
$262.1M
Q2 25
$262.4M
Q1 25
$262.7M
Q4 24
$263.0M
$13.3M
Q3 24
$136.3M
Q2 24
$136.6M
Stockholders' Equity
FCF
FCF
FORM
FORM
Q1 26
$1.6B
$1.1B
Q4 25
$1.6B
$1.0B
Q3 25
$1.5B
$1.0B
Q2 25
$1.5B
$990.0M
Q1 25
$1.4B
$965.9M
Q4 24
$1.4B
$947.8M
Q3 24
$1.4B
$955.0M
Q2 24
$1.4B
$947.9M
Total Assets
FCF
FCF
FORM
FORM
Q1 26
$12.3B
$1.3B
Q4 25
$12.3B
$1.2B
Q3 25
$12.3B
$1.2B
Q2 25
$12.2B
$1.2B
Q1 25
$11.8B
$1.2B
Q4 24
$11.6B
$1.1B
Q3 24
$12.0B
$1.2B
Q2 24
$11.6B
$1.2B
Debt / Equity
FCF
FCF
FORM
FORM
Q1 26
0.10×
Q4 25
0.17×
0.01×
Q3 25
0.17×
Q2 25
0.17×
Q1 25
0.18×
Q4 24
0.19×
0.01×
Q3 24
0.10×
Q2 24
0.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCF
FCF
FORM
FORM
Operating Cash FlowLast quarter
$45.0M
Free Cash FlowOCF − Capex
$30.7M
FCF MarginFCF / Revenue
13.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
2.21×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCF
FCF
FORM
FORM
Q1 26
$45.0M
Q4 25
$187.5M
$46.0M
Q3 25
$49.5M
$27.0M
Q2 25
$30.4M
$18.9M
Q1 25
$55.9M
$23.5M
Q4 24
$129.5M
$35.9M
Q3 24
$53.6M
$26.7M
Q2 24
$22.7M
$21.9M
Free Cash Flow
FCF
FCF
FORM
FORM
Q1 26
$30.7M
Q4 25
$171.5M
$34.7M
Q3 25
$19.5M
Q2 25
$-47.4M
Q1 25
$5.0M
Q4 24
$113.9M
$28.3M
Q3 24
$17.8M
Q2 24
$13.5M
FCF Margin
FCF
FCF
FORM
FORM
Q1 26
13.6%
Q4 25
124.3%
16.1%
Q3 25
9.6%
Q2 25
-24.2%
Q1 25
2.9%
Q4 24
94.6%
14.9%
Q3 24
8.6%
Q2 24
6.8%
Capex Intensity
FCF
FCF
FORM
FORM
Q1 26
6.7%
Q4 25
11.7%
5.3%
Q3 25
3.7%
Q2 25
33.8%
Q1 25
10.8%
Q4 24
12.9%
4.0%
Q3 24
4.3%
Q2 24
4.3%
Cash Conversion
FCF
FCF
FORM
FORM
Q1 26
2.21×
Q4 25
4.18×
1.98×
Q3 25
1.20×
1.72×
Q2 25
0.91×
2.08×
Q1 25
1.71×
3.68×
Q4 24
3.61×
3.70×
Q3 24
1.67×
1.43×
Q2 24
0.61×
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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