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Side-by-side financial comparison of FORMFACTOR INC (FORM) and Jefferson Capital, Inc. (JCAP). Click either name above to swap in a different company.

FORMFACTOR INC is the larger business by last-quarter revenue ($226.1M vs $150.8M, roughly 1.5× Jefferson Capital, Inc.). Jefferson Capital, Inc. runs the higher net margin — 25.4% vs 9.0%, a 16.4% gap on every dollar of revenue. Jefferson Capital, Inc. produced more free cash flow last quarter ($63.0M vs $30.7M).

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.

GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.

FORM vs JCAP — Head-to-Head

Bigger by revenue
FORM
FORM
1.5× larger
FORM
$226.1M
$150.8M
JCAP
Higher net margin
JCAP
JCAP
16.4% more per $
JCAP
25.4%
9.0%
FORM
More free cash flow
JCAP
JCAP
$32.2M more FCF
JCAP
$63.0M
$30.7M
FORM

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FORM
FORM
JCAP
JCAP
Revenue
$226.1M
$150.8M
Net Profit
$20.4M
$38.4M
Gross Margin
38.4%
Operating Margin
7.4%
46.4%
Net Margin
9.0%
25.4%
Revenue YoY
32.0%
Net Profit YoY
218.5%
EPS (diluted)
$0.26
$0.59

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
FORM
FORM
JCAP
JCAP
Q1 26
$226.1M
Q4 25
$215.2M
Q3 25
$202.7M
$150.8M
Q2 25
$195.8M
$152.7M
Q1 25
$171.4M
Q4 24
$189.5M
Q3 24
$207.9M
Q2 24
$197.5M
Net Profit
FORM
FORM
JCAP
JCAP
Q1 26
$20.4M
Q4 25
$23.2M
Q3 25
$15.7M
$38.4M
Q2 25
$9.1M
$47.7M
Q1 25
$6.4M
Q4 24
$9.7M
Q3 24
$18.7M
Q2 24
$19.4M
Gross Margin
FORM
FORM
JCAP
JCAP
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
FORM
FORM
JCAP
JCAP
Q1 26
7.4%
Q4 25
10.9%
Q3 25
8.9%
46.4%
Q2 25
6.3%
56.7%
Q1 25
1.9%
Q4 24
4.1%
Q3 24
8.6%
Q2 24
9.0%
Net Margin
FORM
FORM
JCAP
JCAP
Q1 26
9.0%
Q4 25
10.8%
Q3 25
7.7%
25.4%
Q2 25
4.6%
31.2%
Q1 25
3.7%
Q4 24
5.1%
Q3 24
9.0%
Q2 24
9.8%
EPS (diluted)
FORM
FORM
JCAP
JCAP
Q1 26
$0.26
Q4 25
$0.29
Q3 25
$0.20
$0.59
Q2 25
$0.12
$16.76
Q1 25
$0.08
Q4 24
$0.12
Q3 24
$0.24
Q2 24
$0.25

Balance Sheet & Financial Strength

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

Metric
FORM
FORM
JCAP
JCAP
Cash + ST InvestmentsLiquidity on hand
$123.5M
$42.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$437.4M
Total Assets
$1.3B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORM
FORM
JCAP
JCAP
Q1 26
$123.5M
Q4 25
$103.3M
Q3 25
$266.0M
$42.3M
Q2 25
$249.3M
$51.7M
Q1 25
$299.0M
Q4 24
$360.0M
Q3 24
$354.5M
Q2 24
$357.6M
Total Debt
FORM
FORM
JCAP
JCAP
Q1 26
Q4 25
$12.2M
Q3 25
Q2 25
Q1 25
Q4 24
$13.3M
Q3 24
Q2 24
Stockholders' Equity
FORM
FORM
JCAP
JCAP
Q1 26
$1.1B
Q4 25
$1.0B
Q3 25
$1.0B
$437.4M
Q2 25
$990.0M
$410.8M
Q1 25
$965.9M
Q4 24
$947.8M
Q3 24
$955.0M
Q2 24
$947.9M
Total Assets
FORM
FORM
JCAP
JCAP
Q1 26
$1.3B
Q4 25
$1.2B
Q3 25
$1.2B
$1.8B
Q2 25
$1.2B
$1.8B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Debt / Equity
FORM
FORM
JCAP
JCAP
Q1 26
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
FORM
FORM
JCAP
JCAP
Operating Cash FlowLast quarter
$45.0M
$63.1M
Free Cash FlowOCF − Capex
$30.7M
$63.0M
FCF MarginFCF / Revenue
13.6%
41.7%
Capex IntensityCapex / Revenue
6.7%
0.1%
Cash ConversionOCF / Net Profit
2.21×
1.64×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORM
FORM
JCAP
JCAP
Q1 26
$45.0M
Q4 25
$46.0M
Q3 25
$27.0M
$63.1M
Q2 25
$18.9M
$130.6M
Q1 25
$23.5M
Q4 24
$35.9M
Q3 24
$26.7M
Q2 24
$21.9M
Free Cash Flow
FORM
FORM
JCAP
JCAP
Q1 26
$30.7M
Q4 25
$34.7M
Q3 25
$19.5M
$63.0M
Q2 25
$-47.4M
$130.0M
Q1 25
$5.0M
Q4 24
$28.3M
Q3 24
$17.8M
Q2 24
$13.5M
FCF Margin
FORM
FORM
JCAP
JCAP
Q1 26
13.6%
Q4 25
16.1%
Q3 25
9.6%
41.7%
Q2 25
-24.2%
85.1%
Q1 25
2.9%
Q4 24
14.9%
Q3 24
8.6%
Q2 24
6.8%
Capex Intensity
FORM
FORM
JCAP
JCAP
Q1 26
6.7%
Q4 25
5.3%
Q3 25
3.7%
0.1%
Q2 25
33.8%
0.4%
Q1 25
10.8%
Q4 24
4.0%
Q3 24
4.3%
Q2 24
4.3%
Cash Conversion
FORM
FORM
JCAP
JCAP
Q1 26
2.21×
Q4 25
1.98×
Q3 25
1.72×
1.64×
Q2 25
2.08×
2.74×
Q1 25
3.68×
Q4 24
3.70×
Q3 24
1.43×
Q2 24
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FORM
FORM

Segment breakdown not available.

JCAP
JCAP

United States Segment$108.1M72%
Other$35.8M24%
United Kingdom Segment$6.9M5%

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