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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and PAMT CORP (PAMT). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($256.1M vs $141.3M, roughly 1.8× PAMT CORP). ICHOR HOLDINGS, LTD. runs the higher net margin — -1.0% vs -20.7%, a 19.7% gap on every dollar of revenue. On growth, ICHOR HOLDINGS, LTD. posted the faster year-over-year revenue change (4.7% vs -15.1%). ICHOR HOLDINGS, LTD. produced more free cash flow last quarter ($-10.0M vs $-25.0M). Over the past eight quarters, ICHOR HOLDINGS, LTD.'s revenue compounded faster (12.3% CAGR vs -12.0%).
Ichor Holdings Ltd. designs, manufactures and supplies critical fluid delivery systems, subsystems and related components for the global semiconductor manufacturing sector. Its products are integrated into front-end wafer processing equipment, supporting production of advanced logic, memory and specialty chips for leading semiconductor device and equipment makers across North America, East Asia and Europe.
ICHR vs PAMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.1M | $141.3M |
| Net Profit | $-2.5M | $-29.3M |
| Gross Margin | 12.6% | — |
| Operating Margin | 88.2% | -27.0% |
| Net Margin | -1.0% | -20.7% |
| Revenue YoY | 4.7% | -15.1% |
| Net Profit YoY | 45.8% | 7.4% |
| EPS (diluted) | $-0.07 | $-1.38 |
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.
| Q1 26 | $256.1M | — | ||
| Q4 25 | $223.6M | $141.3M | ||
| Q3 25 | $239.3M | $150.3M | ||
| Q2 25 | $240.3M | $151.1M | ||
| Q1 25 | $244.5M | $155.3M | ||
| Q4 24 | $233.3M | $166.5M | ||
| Q3 24 | $211.1M | $182.6M | ||
| Q2 24 | $203.2M | $182.9M |
| Q1 26 | $-2.5M | — | ||
| Q4 25 | $-16.0M | $-29.3M | ||
| Q3 25 | $-22.9M | $-5.6M | ||
| Q2 25 | $-9.4M | $-9.6M | ||
| Q1 25 | $-4.6M | $-8.1M | ||
| Q4 24 | $-3.9M | $-31.6M | ||
| Q3 24 | $-2.8M | $2.4M | ||
| Q2 24 | $-5.1M | $-2.9M |
| Q1 26 | 12.6% | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 11.6% | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | 12.6% | — |
| Q1 26 | 88.2% | — | ||
| Q4 25 | -6.2% | -27.0% | ||
| Q3 25 | -8.1% | -3.8% | ||
| Q2 25 | -2.0% | -7.3% | ||
| Q1 25 | -0.5% | -5.9% | ||
| Q4 24 | -0.5% | -22.6% | ||
| Q3 24 | -0.2% | 1.3% | ||
| Q2 24 | -1.1% | -0.4% |
| Q1 26 | -1.0% | — | ||
| Q4 25 | -7.1% | -20.7% | ||
| Q3 25 | -9.6% | -3.7% | ||
| Q2 25 | -3.9% | -6.4% | ||
| Q1 25 | -1.9% | -5.2% | ||
| Q4 24 | -1.7% | -19.0% | ||
| Q3 24 | -1.3% | 1.3% | ||
| Q2 24 | -2.5% | -1.6% |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.46 | $-1.38 | ||
| Q3 25 | $-0.67 | $-0.27 | ||
| Q2 25 | $-0.28 | $-0.46 | ||
| Q1 25 | $-0.13 | $-0.37 | ||
| Q4 24 | $-0.11 | $-1.44 | ||
| Q3 24 | $-0.08 | $0.11 | ||
| Q2 24 | $-0.15 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $89.1M | $83.7M |
| Total DebtLower is stronger | $6.3M | $333.9M |
| Stockholders' EquityBook value | $668.0M | $210.5M |
| Total Assets | $972.5M | $697.9M |
| Debt / EquityLower = less leverage | 0.01× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $89.1M | — | ||
| Q4 25 | $98.3M | $83.7M | ||
| Q3 25 | $92.5M | $115.6M | ||
| Q2 25 | $92.2M | $117.3M | ||
| Q1 25 | $109.3M | $102.7M | ||
| Q4 24 | $108.7M | $110.7M | ||
| Q3 24 | $116.4M | $92.3M | ||
| Q2 24 | $114.3M | $114.0M |
| Q1 26 | $6.3M | — | ||
| Q4 25 | $123.5M | $333.9M | ||
| Q3 25 | $123.5M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $126.8M | — | ||
| Q4 24 | $128.5M | $325.6M | ||
| Q3 24 | $130.3M | — | ||
| Q2 24 | $130.2M | — |
| Q1 26 | $668.0M | — | ||
| Q4 25 | $663.9M | $210.5M | ||
| Q3 25 | $676.2M | $239.5M | ||
| Q2 25 | $694.1M | $244.9M | ||
| Q1 25 | $700.4M | $269.6M | ||
| Q4 24 | $698.3M | $277.5M | ||
| Q3 24 | $697.3M | $308.9M | ||
| Q2 24 | $694.9M | $306.7M |
| Q1 26 | $972.5M | — | ||
| Q4 25 | $942.9M | $697.9M | ||
| Q3 25 | $966.6M | $715.2M | ||
| Q2 25 | $985.1M | $707.9M | ||
| Q1 25 | $1.0B | $712.6M | ||
| Q4 24 | $995.6M | $741.7M | ||
| Q3 24 | $975.9M | $756.7M | ||
| Q2 24 | $947.7M | $733.5M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.19× | 1.59× | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | 1.17× | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.19× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-5.8M |
| Free Cash FlowOCF − Capex | $-10.0M | $-25.0M |
| FCF MarginFCF / Revenue | -3.9% | -17.7% |
| Capex IntensityCapex / Revenue | 2.8% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.8M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $-5.8M | ||
| Q3 25 | $9.2M | $5.9M | ||
| Q2 25 | $-7.5M | $12.2M | ||
| Q1 25 | $19.0M | $5.0M | ||
| Q4 24 | $-2.5M | $15.2M | ||
| Q3 24 | $8.1M | $15.5M | ||
| Q2 24 | $17.5M | $18.7M |
| Q1 26 | $-10.0M | — | ||
| Q4 25 | $5.9M | $-25.0M | ||
| Q3 25 | $2.1M | $2.5M | ||
| Q2 25 | $-14.8M | $5.9M | ||
| Q1 25 | $496.0K | $-6.8M | ||
| Q4 24 | $-6.9M | $-39.9M | ||
| Q3 24 | $2.2M | $-33.6M | ||
| Q2 24 | $14.6M | $4.1M |
| Q1 26 | -3.9% | — | ||
| Q4 25 | 2.6% | -17.7% | ||
| Q3 25 | 0.9% | 1.7% | ||
| Q2 25 | -6.2% | 3.9% | ||
| Q1 25 | 0.2% | -4.4% | ||
| Q4 24 | -3.0% | -24.0% | ||
| Q3 24 | 1.0% | -18.4% | ||
| Q2 24 | 7.2% | 2.2% |
| Q1 26 | 2.8% | — | ||
| Q4 25 | 1.5% | 13.6% | ||
| Q3 25 | 3.0% | 2.3% | ||
| Q2 25 | 3.0% | 4.2% | ||
| Q1 25 | 7.6% | 7.6% | ||
| Q4 24 | 1.9% | 33.1% | ||
| Q3 24 | 2.8% | 26.9% | ||
| Q2 24 | 1.4% | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
