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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($223.6M vs $200.5M, roughly 1.1× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -7.1%, a 9.4% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -4.2%). ICHOR HOLDINGS, LTD. produced more free cash flow last quarter ($5.9M vs $1.1M). Over the past eight quarters, ICHOR HOLDINGS, LTD.'s revenue compounded faster (5.4% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
ICHR vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $223.6M | $200.5M |
| Net Profit | $-16.0M | $4.5M |
| Gross Margin | 9.4% | 32.2% |
| Operating Margin | -6.2% | — |
| Net Margin | -7.1% | 2.2% |
| Revenue YoY | -4.2% | 5.2% |
| Net Profit YoY | -304.8% | 421.4% |
| EPS (diluted) | $-0.46 | $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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $223.6M | $201.5M | ||
| Q3 25 | $239.3M | $216.0M | ||
| Q2 25 | $240.3M | $202.8M | ||
| Q1 25 | $244.5M | $190.5M | ||
| Q4 24 | $233.3M | $192.2M | ||
| Q3 24 | $211.1M | $210.3M | ||
| Q2 24 | $203.2M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-16.0M | $4.6M | ||
| Q3 25 | $-22.9M | $8.6M | ||
| Q2 25 | $-9.4M | $-73.6M | ||
| Q1 25 | $-4.6M | $-1.4M | ||
| Q4 24 | $-3.9M | $-500.0K | ||
| Q3 24 | $-2.8M | $10.7M | ||
| Q2 24 | $-5.1M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 9.4% | 31.5% | ||
| Q3 25 | 4.6% | 33.5% | ||
| Q2 25 | 11.3% | 31.6% | ||
| Q1 25 | 11.7% | 29.9% | ||
| Q4 24 | 11.6% | 32.1% | ||
| Q3 24 | 13.2% | 35.2% | ||
| Q2 24 | 12.6% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | -6.2% | 3.5% | ||
| Q3 25 | -8.1% | 7.3% | ||
| Q2 25 | -2.0% | -33.3% | ||
| Q1 25 | -0.5% | -0.2% | ||
| Q4 24 | -0.5% | -6.6% | ||
| Q3 24 | -0.2% | 6.9% | ||
| Q2 24 | -1.1% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -7.1% | 2.3% | ||
| Q3 25 | -9.6% | 4.0% | ||
| Q2 25 | -3.9% | -36.3% | ||
| Q1 25 | -1.9% | -0.7% | ||
| Q4 24 | -1.7% | -0.3% | ||
| Q3 24 | -1.3% | 5.1% | ||
| Q2 24 | -2.5% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-0.46 | $0.20 | ||
| Q3 25 | $-0.67 | $0.48 | ||
| Q2 25 | $-0.28 | $-4.00 | ||
| Q1 25 | $-0.13 | $-0.08 | ||
| Q4 24 | $-0.11 | $-0.04 | ||
| Q3 24 | $-0.08 | $0.58 | ||
| Q2 24 | $-0.15 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $195.8M |
| Total DebtLower is stronger | $123.5M | — |
| Stockholders' EquityBook value | $663.9M | $1.2B |
| Total Assets | $942.9M | $1.4B |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $98.3M | $197.0M | ||
| Q3 25 | $92.5M | $167.8M | ||
| Q2 25 | $92.2M | $157.2M | ||
| Q1 25 | $109.3M | $175.6M | ||
| Q4 24 | $108.7M | $159.8M | ||
| Q3 24 | $116.4M | $146.4M | ||
| Q2 24 | $114.3M | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | $123.5M | — | ||
| Q3 25 | $123.5M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $126.8M | — | ||
| Q4 24 | $128.5M | — | ||
| Q3 24 | $130.3M | — | ||
| Q2 24 | $130.2M | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $663.9M | $1.2B | ||
| Q3 25 | $676.2M | $1.2B | ||
| Q2 25 | $694.1M | $1.2B | ||
| Q1 25 | $700.4M | $1.3B | ||
| Q4 24 | $698.3M | $1.3B | ||
| Q3 24 | $697.3M | $1.3B | ||
| Q2 24 | $694.9M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $942.9M | $1.4B | ||
| Q3 25 | $966.6M | $1.4B | ||
| Q2 25 | $985.1M | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $995.6M | $1.5B | ||
| Q3 24 | $975.9M | $1.5B | ||
| Q2 24 | $947.7M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| 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 | $9.2M | $5.8M |
| Free Cash FlowOCF − Capex | $5.9M | $1.1M |
| FCF MarginFCF / Revenue | 2.6% | 0.5% |
| Capex IntensityCapex / Revenue | 1.5% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-6.3M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $9.2M | $46.9M | ||
| Q3 25 | $9.2M | $28.9M | ||
| Q2 25 | $-7.5M | $13.7M | ||
| Q1 25 | $19.0M | $11.7M | ||
| Q4 24 | $-2.5M | $33.7M | ||
| Q3 24 | $8.1M | $42.4M | ||
| Q2 24 | $17.5M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $5.9M | $42.2M | ||
| Q3 25 | $2.1M | $21.2M | ||
| Q2 25 | $-14.8M | $5.6M | ||
| Q1 25 | $496.0K | $2.1M | ||
| Q4 24 | $-6.9M | $18.3M | ||
| Q3 24 | $2.2M | $25.2M | ||
| Q2 24 | $14.6M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 2.6% | 20.9% | ||
| Q3 25 | 0.9% | 9.8% | ||
| Q2 25 | -6.2% | 2.8% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | -3.0% | 9.5% | ||
| Q3 24 | 1.0% | 12.0% | ||
| Q2 24 | 7.2% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 1.5% | 2.3% | ||
| Q3 25 | 3.0% | 3.6% | ||
| Q2 25 | 3.0% | 4.0% | ||
| Q1 25 | 7.6% | 5.0% | ||
| Q4 24 | 1.9% | 8.0% | ||
| Q3 24 | 2.8% | 8.2% | ||
| Q2 24 | 1.4% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
ROG
Segment breakdown not available.
