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

FORMFACTOR INC is the larger business by last-quarter revenue ($226.1M vs $161.5M, roughly 1.4× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs 9.0%, a 2.8% gap on every dollar of revenue. On growth, FORMFACTOR INC posted the faster year-over-year revenue change (32.0% vs 26.7%). FORMFACTOR INC produced more free cash flow last quarter ($30.7M vs $-36.3M). Over the past eight quarters, FORMFACTOR INC's revenue compounded faster (7.0% CAGR vs -4.9%).

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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

FORM vs UTL — Head-to-Head

Bigger by revenue
FORM
FORM
1.4× larger
FORM
$226.1M
$161.5M
UTL
Growing faster (revenue YoY)
FORM
FORM
+5.3% gap
FORM
32.0%
26.7%
UTL
Higher net margin
UTL
UTL
2.8% more per $
UTL
11.8%
9.0%
FORM
More free cash flow
FORM
FORM
$67.0M more FCF
FORM
$30.7M
$-36.3M
UTL
Faster 2-yr revenue CAGR
FORM
FORM
Annualised
FORM
7.0%
-4.9%
UTL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FORM
FORM
UTL
UTL
Revenue
$226.1M
$161.5M
Net Profit
$20.4M
$19.0M
Gross Margin
38.4%
Operating Margin
7.4%
21.5%
Net Margin
9.0%
11.8%
Revenue YoY
32.0%
26.7%
Net Profit YoY
218.5%
21.8%
EPS (diluted)
$0.26
$1.05

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
UTL
UTL
Q1 26
$226.1M
Q4 25
$215.2M
$161.5M
Q3 25
$202.7M
$101.1M
Q2 25
$195.8M
$102.6M
Q1 25
$171.4M
$170.8M
Q4 24
$189.5M
$127.5M
Q3 24
$207.9M
$92.9M
Q2 24
$197.5M
$95.7M
Net Profit
FORM
FORM
UTL
UTL
Q1 26
$20.4M
Q4 25
$23.2M
$19.0M
Q3 25
$15.7M
$-300.0K
Q2 25
$9.1M
$4.0M
Q1 25
$6.4M
$27.5M
Q4 24
$9.7M
$15.6M
Q3 24
$18.7M
$0
Q2 24
$19.4M
$4.3M
Gross Margin
FORM
FORM
UTL
UTL
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
UTL
UTL
Q1 26
7.4%
Q4 25
10.9%
21.5%
Q3 25
8.9%
6.9%
Q2 25
6.3%
13.0%
Q1 25
1.9%
27.0%
Q4 24
4.1%
22.1%
Q3 24
8.6%
6.2%
Q2 24
9.0%
13.0%
Net Margin
FORM
FORM
UTL
UTL
Q1 26
9.0%
Q4 25
10.8%
11.8%
Q3 25
7.7%
-0.3%
Q2 25
4.6%
3.9%
Q1 25
3.7%
16.1%
Q4 24
5.1%
12.2%
Q3 24
9.0%
Q2 24
9.8%
4.5%
EPS (diluted)
FORM
FORM
UTL
UTL
Q1 26
$0.26
Q4 25
$0.29
$1.05
Q3 25
$0.20
$-0.02
Q2 25
$0.12
$0.25
Q1 25
$0.08
$1.69
Q4 24
$0.12
$0.97
Q3 24
$0.24
$0.00
Q2 24
$0.25
$0.27

Balance Sheet & Financial Strength

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

Metric
FORM
FORM
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$123.5M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$1.1B
$609.6M
Total Assets
$1.3B
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORM
FORM
UTL
UTL
Q1 26
$123.5M
Q4 25
$103.3M
$15.6M
Q3 25
$266.0M
$14.6M
Q2 25
$249.3M
$8.5M
Q1 25
$299.0M
$10.2M
Q4 24
$360.0M
$6.3M
Q3 24
$354.5M
$6.3M
Q2 24
$357.6M
$2.8M
Total Debt
FORM
FORM
UTL
UTL
Q1 26
Q4 25
$12.2M
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$13.3M
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Stockholders' Equity
FORM
FORM
UTL
UTL
Q1 26
$1.1B
Q4 25
$1.0B
$609.6M
Q3 25
$1.0B
$597.2M
Q2 25
$990.0M
$532.8M
Q1 25
$965.9M
$534.1M
Q4 24
$947.8M
$512.5M
Q3 24
$955.0M
$502.4M
Q2 24
$947.9M
$508.8M
Total Assets
FORM
FORM
UTL
UTL
Q1 26
$1.3B
Q4 25
$1.2B
$2.1B
Q3 25
$1.2B
$1.9B
Q2 25
$1.2B
$1.9B
Q1 25
$1.2B
$1.9B
Q4 24
$1.1B
$1.8B
Q3 24
$1.2B
$1.7B
Q2 24
$1.2B
$1.7B
Debt / Equity
FORM
FORM
UTL
UTL
Q1 26
Q4 25
0.01×
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
0.01×
1.26×
Q3 24
1.28×
Q2 24
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$45.0M
$21.4M
Free Cash FlowOCF − Capex
$30.7M
$-36.3M
FCF MarginFCF / Revenue
13.6%
-22.5%
Capex IntensityCapex / Revenue
6.7%
35.7%
Cash ConversionOCF / Net Profit
2.21×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$37.5M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORM
FORM
UTL
UTL
Q1 26
$45.0M
Q4 25
$46.0M
$21.4M
Q3 25
$27.0M
$15.6M
Q2 25
$18.9M
$42.2M
Q1 25
$23.5M
$52.1M
Q4 24
$35.9M
$23.3M
Q3 24
$26.7M
$26.1M
Q2 24
$21.9M
$49.9M
Free Cash Flow
FORM
FORM
UTL
UTL
Q1 26
$30.7M
Q4 25
$34.7M
$-36.3M
Q3 25
$19.5M
$-39.0M
Q2 25
$-47.4M
$2.0M
Q1 25
$5.0M
$19.5M
Q4 24
$28.3M
$-32.3M
Q3 24
$17.8M
$-31.3M
Q2 24
$13.5M
$13.2M
FCF Margin
FORM
FORM
UTL
UTL
Q1 26
13.6%
Q4 25
16.1%
-22.5%
Q3 25
9.6%
-38.6%
Q2 25
-24.2%
1.9%
Q1 25
2.9%
11.4%
Q4 24
14.9%
-25.3%
Q3 24
8.6%
-33.7%
Q2 24
6.8%
13.8%
Capex Intensity
FORM
FORM
UTL
UTL
Q1 26
6.7%
Q4 25
5.3%
35.7%
Q3 25
3.7%
54.0%
Q2 25
33.8%
39.2%
Q1 25
10.8%
19.1%
Q4 24
4.0%
43.6%
Q3 24
4.3%
61.8%
Q2 24
4.3%
38.3%
Cash Conversion
FORM
FORM
UTL
UTL
Q1 26
2.21×
Q4 25
1.98×
1.13×
Q3 25
1.72×
Q2 25
2.08×
10.55×
Q1 25
3.68×
1.89×
Q4 24
3.70×
1.49×
Q3 24
1.43×
Q2 24
1.13×
11.60×

Financial Flow Comparison

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

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