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

Pennant Group, Inc. is the larger business by last-quarter revenue ($289.3M vs $226.1M, roughly 1.3× FORMFACTOR INC). FORMFACTOR INC runs the higher net margin — 9.0% vs 3.0%, a 6.0% gap on every dollar of revenue. On growth, Pennant Group, Inc. posted the faster year-over-year revenue change (53.2% vs 32.0%). FORMFACTOR INC produced more free cash flow last quarter ($30.7M vs $17.4M). Over the past eight quarters, Pennant Group, Inc.'s revenue compounded faster (35.8% CAGR vs 7.0%).

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.

The Pennant Group, Inc. is a U.S.-headquartered healthcare services provider that delivers home health care, hospice services, senior living solutions, and skilled nursing support. It operates across dozens of U.S. states, serving primarily elderly and medically vulnerable populations through its network of localized care facilities.

FORM vs PNTG — Head-to-Head

Bigger by revenue
PNTG
PNTG
1.3× larger
PNTG
$289.3M
$226.1M
FORM
Growing faster (revenue YoY)
PNTG
PNTG
+21.2% gap
PNTG
53.2%
32.0%
FORM
Higher net margin
FORM
FORM
6.0% more per $
FORM
9.0%
3.0%
PNTG
More free cash flow
FORM
FORM
$13.3M more FCF
FORM
$30.7M
$17.4M
PNTG
Faster 2-yr revenue CAGR
PNTG
PNTG
Annualised
PNTG
35.8%
7.0%
FORM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FORM
FORM
PNTG
PNTG
Revenue
$226.1M
$289.3M
Net Profit
$20.4M
$8.6M
Gross Margin
38.4%
Operating Margin
7.4%
6.0%
Net Margin
9.0%
3.0%
Revenue YoY
32.0%
53.2%
Net Profit YoY
218.5%
50.0%
EPS (diluted)
$0.26
$0.25

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
PNTG
PNTG
Q1 26
$226.1M
Q4 25
$215.2M
$289.3M
Q3 25
$202.7M
$229.0M
Q2 25
$195.8M
$219.5M
Q1 25
$171.4M
$209.8M
Q4 24
$189.5M
$188.9M
Q3 24
$207.9M
$180.7M
Q2 24
$197.5M
$168.7M
Net Profit
FORM
FORM
PNTG
PNTG
Q1 26
$20.4M
Q4 25
$23.2M
$8.6M
Q3 25
$15.7M
$6.1M
Q2 25
$9.1M
$7.1M
Q1 25
$6.4M
$7.8M
Q4 24
$9.7M
$5.8M
Q3 24
$18.7M
$6.2M
Q2 24
$19.4M
$5.7M
Gross Margin
FORM
FORM
PNTG
PNTG
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
PNTG
PNTG
Q1 26
7.4%
Q4 25
10.9%
6.0%
Q3 25
8.9%
4.5%
Q2 25
6.3%
5.3%
Q1 25
1.9%
6.0%
Q4 24
4.1%
4.9%
Q3 24
8.6%
6.0%
Q2 24
9.0%
5.7%
Net Margin
FORM
FORM
PNTG
PNTG
Q1 26
9.0%
Q4 25
10.8%
3.0%
Q3 25
7.7%
2.7%
Q2 25
4.6%
3.2%
Q1 25
3.7%
3.7%
Q4 24
5.1%
3.0%
Q3 24
9.0%
3.4%
Q2 24
9.8%
3.4%
EPS (diluted)
FORM
FORM
PNTG
PNTG
Q1 26
$0.26
Q4 25
$0.29
$0.25
Q3 25
$0.20
$0.17
Q2 25
$0.12
$0.20
Q1 25
$0.08
$0.22
Q4 24
$0.12
$0.16
Q3 24
$0.24
$0.20
Q2 24
$0.25
$0.18

Balance Sheet & Financial Strength

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

Metric
FORM
FORM
PNTG
PNTG
Cash + ST InvestmentsLiquidity on hand
$123.5M
Total DebtLower is stronger
$168.8M
Stockholders' EquityBook value
$1.1B
$374.3M
Total Assets
$1.3B
$968.2M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORM
FORM
PNTG
PNTG
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
FORM
FORM
PNTG
PNTG
Q1 26
Q4 25
$12.2M
$168.8M
Q3 25
$26.0M
Q2 25
$37.0M
Q1 25
$52.5M
Q4 24
$13.3M
$0
Q3 24
$108.9M
Q2 24
$82.2M
Stockholders' Equity
FORM
FORM
PNTG
PNTG
Q1 26
$1.1B
Q4 25
$1.0B
$374.3M
Q3 25
$1.0B
$343.0M
Q2 25
$990.0M
$333.6M
Q1 25
$965.9M
$323.0M
Q4 24
$947.8M
$312.0M
Q3 24
$955.0M
$187.3M
Q2 24
$947.9M
$173.0M
Total Assets
FORM
FORM
PNTG
PNTG
Q1 26
$1.3B
Q4 25
$1.2B
$968.2M
Q3 25
$1.2B
$753.6M
Q2 25
$1.2B
$751.4M
Q1 25
$1.2B
$743.6M
Q4 24
$1.1B
$679.5M
Q3 24
$1.2B
$646.8M
Q2 24
$1.2B
$602.5M
Debt / Equity
FORM
FORM
PNTG
PNTG
Q1 26
Q4 25
0.01×
0.45×
Q3 25
0.08×
Q2 25
0.11×
Q1 25
0.16×
Q4 24
0.01×
0.00×
Q3 24
0.58×
Q2 24
0.48×

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
PNTG
PNTG
Operating Cash FlowLast quarter
$45.0M
$21.0M
Free Cash FlowOCF − Capex
$30.7M
$17.4M
FCF MarginFCF / Revenue
13.6%
6.0%
Capex IntensityCapex / Revenue
6.7%
1.2%
Cash ConversionOCF / Net Profit
2.21×
2.43×
TTM Free Cash FlowTrailing 4 quarters
$37.5M
$36.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORM
FORM
PNTG
PNTG
Q1 26
$45.0M
Q4 25
$46.0M
$21.0M
Q3 25
$27.0M
$13.9M
Q2 25
$18.9M
$34.6M
Q1 25
$23.5M
$-21.2M
Q4 24
$35.9M
$20.6M
Q3 24
$26.7M
$7.7M
Q2 24
$21.9M
$10.5M
Free Cash Flow
FORM
FORM
PNTG
PNTG
Q1 26
$30.7M
Q4 25
$34.7M
$17.4M
Q3 25
$19.5M
$10.5M
Q2 25
$-47.4M
$31.6M
Q1 25
$5.0M
$-23.2M
Q4 24
$28.3M
$17.2M
Q3 24
$17.8M
$6.8M
Q2 24
$13.5M
$8.9M
FCF Margin
FORM
FORM
PNTG
PNTG
Q1 26
13.6%
Q4 25
16.1%
6.0%
Q3 25
9.6%
4.6%
Q2 25
-24.2%
14.4%
Q1 25
2.9%
-11.1%
Q4 24
14.9%
9.1%
Q3 24
8.6%
3.8%
Q2 24
6.8%
5.3%
Capex Intensity
FORM
FORM
PNTG
PNTG
Q1 26
6.7%
Q4 25
5.3%
1.2%
Q3 25
3.7%
1.5%
Q2 25
33.8%
1.4%
Q1 25
10.8%
0.9%
Q4 24
4.0%
1.8%
Q3 24
4.3%
0.5%
Q2 24
4.3%
1.0%
Cash Conversion
FORM
FORM
PNTG
PNTG
Q1 26
2.21×
Q4 25
1.98×
2.43×
Q3 25
1.72×
2.29×
Q2 25
2.08×
4.89×
Q1 25
3.68×
-2.73×
Q4 24
3.70×
3.57×
Q3 24
1.43×
1.24×
Q2 24
1.13×
1.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FORM
FORM

Segment breakdown not available.

PNTG
PNTG

Home Health Subsegment$136.2M47%
Hospice Subsegment$97.1M34%
Private And Other$36.4M13%
Medicare And Medicaid$19.6M7%
Affiliated Entity$2.2M1%

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