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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and PREFORMED LINE PRODUCTS CO (PLPC). Click either name above to swap in a different company.

ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($223.6M vs $173.1M, roughly 1.3× PREFORMED LINE PRODUCTS CO). PREFORMED LINE PRODUCTS CO runs the higher net margin — 4.9% vs -7.1%, a 12.0% gap on every dollar of revenue. On growth, PREFORMED LINE PRODUCTS CO posted the faster year-over-year revenue change (3.6% vs -4.2%). PREFORMED LINE PRODUCTS CO produced more free cash flow last quarter ($11.8M vs $5.9M). Over the past eight quarters, PREFORMED LINE PRODUCTS CO's revenue compounded faster (10.8% CAGR vs 5.4%).

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.

Preformed Line Products Co (PLPC) designs, manufactures and supplies engineered hardware for power transmission, telecommunications, and renewable energy infrastructure sectors. It serves utility, network operator and industrial customers across global regions, offering solutions that boost network reliability and operational efficiency.

ICHR vs PLPC — Head-to-Head

Bigger by revenue
ICHR
ICHR
1.3× larger
ICHR
$223.6M
$173.1M
PLPC
Growing faster (revenue YoY)
PLPC
PLPC
+7.7% gap
PLPC
3.6%
-4.2%
ICHR
Higher net margin
PLPC
PLPC
12.0% more per $
PLPC
4.9%
-7.1%
ICHR
More free cash flow
PLPC
PLPC
$5.9M more FCF
PLPC
$11.8M
$5.9M
ICHR
Faster 2-yr revenue CAGR
PLPC
PLPC
Annualised
PLPC
10.8%
5.4%
ICHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ICHR
ICHR
PLPC
PLPC
Revenue
$223.6M
$173.1M
Net Profit
$-16.0M
$8.4M
Gross Margin
9.4%
29.8%
Operating Margin
-6.2%
6.8%
Net Margin
-7.1%
4.9%
Revenue YoY
-4.2%
3.6%
Net Profit YoY
-304.8%
-19.3%
EPS (diluted)
$-0.46
$1.72

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
ICHR
ICHR
PLPC
PLPC
Q4 25
$223.6M
$173.1M
Q3 25
$239.3M
$178.1M
Q2 25
$240.3M
$169.6M
Q1 25
$244.5M
$148.5M
Q4 24
$233.3M
$167.1M
Q3 24
$211.1M
$147.0M
Q2 24
$203.2M
$138.7M
Q1 24
$201.4M
$140.9M
Net Profit
ICHR
ICHR
PLPC
PLPC
Q4 25
$-16.0M
$8.4M
Q3 25
$-22.9M
$2.6M
Q2 25
$-9.4M
$12.7M
Q1 25
$-4.6M
$11.5M
Q4 24
$-3.9M
$10.5M
Q3 24
$-2.8M
$7.7M
Q2 24
$-5.1M
$9.4M
Q1 24
$-9.0M
$9.6M
Gross Margin
ICHR
ICHR
PLPC
PLPC
Q4 25
9.4%
29.8%
Q3 25
4.6%
29.7%
Q2 25
11.3%
32.7%
Q1 25
11.7%
32.8%
Q4 24
11.6%
33.3%
Q3 24
13.2%
31.1%
Q2 24
12.6%
31.9%
Q1 24
11.4%
31.3%
Operating Margin
ICHR
ICHR
PLPC
PLPC
Q4 25
-6.2%
6.8%
Q3 25
-8.1%
7.4%
Q2 25
-2.0%
10.1%
Q1 25
-0.5%
8.8%
Q4 24
-0.5%
10.5%
Q3 24
-0.2%
7.1%
Q2 24
-1.1%
8.1%
Q1 24
-1.9%
8.2%
Net Margin
ICHR
ICHR
PLPC
PLPC
Q4 25
-7.1%
4.9%
Q3 25
-9.6%
1.5%
Q2 25
-3.9%
7.5%
Q1 25
-1.9%
7.8%
Q4 24
-1.7%
6.3%
Q3 24
-1.3%
5.2%
Q2 24
-2.5%
6.8%
Q1 24
-4.5%
6.8%
EPS (diluted)
ICHR
ICHR
PLPC
PLPC
Q4 25
$-0.46
$1.72
Q3 25
$-0.67
$0.53
Q2 25
$-0.28
$2.56
Q1 25
$-0.13
$2.33
Q4 24
$-0.11
$2.13
Q3 24
$-0.08
$1.54
Q2 24
$-0.15
$1.89
Q1 24
$-0.30
$1.94

Balance Sheet & Financial Strength

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

Metric
ICHR
ICHR
PLPC
PLPC
Cash + ST InvestmentsLiquidity on hand
$98.3M
Total DebtLower is stronger
$123.5M
$38.3M
Stockholders' EquityBook value
$663.9M
$475.5M
Total Assets
$942.9M
$653.6M
Debt / EquityLower = less leverage
0.19×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICHR
ICHR
PLPC
PLPC
Q4 25
$98.3M
Q3 25
$92.5M
Q2 25
$92.2M
Q1 25
$109.3M
Q4 24
$108.7M
Q3 24
$116.4M
Q2 24
$114.3M
Q1 24
$102.1M
Total Debt
ICHR
ICHR
PLPC
PLPC
Q4 25
$123.5M
$38.3M
Q3 25
$123.5M
$36.0M
Q2 25
$125.0M
$31.8M
Q1 25
$126.8M
$29.1M
Q4 24
$128.5M
$20.8M
Q3 24
$130.3M
$27.2M
Q2 24
$130.2M
$31.6M
Q1 24
$131.9M
$55.0M
Stockholders' Equity
ICHR
ICHR
PLPC
PLPC
Q4 25
$663.9M
$475.5M
Q3 25
$676.2M
$466.3M
Q2 25
$694.1M
$460.7M
Q1 25
$700.4M
$435.8M
Q4 24
$698.3M
$422.3M
Q3 24
$697.3M
$429.0M
Q2 24
$694.9M
$416.2M
Q1 24
$697.2M
$413.4M
Total Assets
ICHR
ICHR
PLPC
PLPC
Q4 25
$942.9M
$653.6M
Q3 25
$966.6M
$644.6M
Q2 25
$985.1M
$631.5M
Q1 25
$1.0B
$592.5M
Q4 24
$995.6M
$573.9M
Q3 24
$975.9M
$592.0M
Q2 24
$947.7M
$572.6M
Q1 24
$957.4M
$586.1M
Debt / Equity
ICHR
ICHR
PLPC
PLPC
Q4 25
0.19×
0.08×
Q3 25
0.18×
0.08×
Q2 25
0.18×
0.07×
Q1 25
0.18×
0.07×
Q4 24
0.18×
0.05×
Q3 24
0.19×
0.06×
Q2 24
0.19×
0.08×
Q1 24
0.19×
0.13×

Cash Flow & Capital Efficiency

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

Metric
ICHR
ICHR
PLPC
PLPC
Operating Cash FlowLast quarter
$9.2M
$21.9M
Free Cash FlowOCF − Capex
$5.9M
$11.8M
FCF MarginFCF / Revenue
2.6%
6.8%
Capex IntensityCapex / Revenue
1.5%
5.9%
Cash ConversionOCF / Net Profit
2.60×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICHR
ICHR
PLPC
PLPC
Q4 25
$9.2M
$21.9M
Q3 25
$9.2M
$18.9M
Q2 25
$-7.5M
$26.9M
Q1 25
$19.0M
$5.7M
Q4 24
$-2.5M
$24.1M
Q3 24
$8.1M
$9.4M
Q2 24
$17.5M
$28.3M
Q1 24
$4.8M
$5.8M
Free Cash Flow
ICHR
ICHR
PLPC
PLPC
Q4 25
$5.9M
$11.8M
Q3 25
$2.1M
$8.3M
Q2 25
$-14.8M
$18.6M
Q1 25
$496.0K
$-5.3M
Q4 24
$-6.9M
$20.6M
Q3 24
$2.2M
$5.8M
Q2 24
$14.6M
$24.6M
Q1 24
$314.0K
$1.8M
FCF Margin
ICHR
ICHR
PLPC
PLPC
Q4 25
2.6%
6.8%
Q3 25
0.9%
4.7%
Q2 25
-6.2%
10.9%
Q1 25
0.2%
-3.6%
Q4 24
-3.0%
12.3%
Q3 24
1.0%
3.9%
Q2 24
7.2%
17.7%
Q1 24
0.2%
1.3%
Capex Intensity
ICHR
ICHR
PLPC
PLPC
Q4 25
1.5%
5.9%
Q3 25
3.0%
6.0%
Q2 25
3.0%
4.9%
Q1 25
7.6%
7.4%
Q4 24
1.9%
2.1%
Q3 24
2.8%
2.4%
Q2 24
1.4%
2.7%
Q1 24
2.2%
2.8%
Cash Conversion
ICHR
ICHR
PLPC
PLPC
Q4 25
2.60×
Q3 25
7.21×
Q2 25
2.12×
Q1 25
0.49×
Q4 24
2.30×
Q3 24
1.22×
Q2 24
3.02×
Q1 24
0.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ICHR
ICHR

Other$101.6M45%
US$67.4M30%
Other Countries$29.7M13%
Europe$24.9M11%

PLPC
PLPC

Segment breakdown not available.

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