vs
FORMFACTOR INC（FORM）与ICHOR HOLDINGS, LTD.（ICHR）财务数据对比。点击上方公司名可切换其他公司
ICHOR HOLDINGS, LTD.的季度营收约是FORMFACTOR INC的1.0倍（$223.6M vs $215.2M），FORMFACTOR INC净利率更高（10.8% vs -7.1%，领先17.9%），FORMFACTOR INC同比增速更快（13.6% vs -4.2%），FORMFACTOR INC自由现金流更多（$34.7M vs $5.9M），过去两年FORMFACTOR INC的营收复合增速更高（12.9% vs 5.4%）
FormFactor Inc.总部位于美国加利福尼亚州利弗莫尔，是集成电路测试测量技术领域的知名供应商，面向半导体行业客户提供各类专业产品，助力客户优化器件性能，提升芯片研发与生产环节的测试效率。
Ichor Holdings Ltd.是面向全球半导体制造领域的关键流体输送系统、子系统及相关组件的设计、制造供应商，产品集成于晶圆前端加工设备，为北美、东亚、欧洲的领先半导体设备与芯片厂商提供先进逻辑、存储芯片生产配套支持。
FORM vs ICHR — 直观对比
营收规模更大
ICHR
是对方的1.0倍
$215.2M
营收增速更快
FORM
高出17.7%
-4.2%
净利率更高
FORM
高出17.9%
-7.1%
自由现金流更多
FORM
多$28.7M
$5.9M
两年增速更快
FORM
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $215.2M | $223.6M |
| 净利润 | $23.2M | $-16.0M |
| 毛利率 | 42.2% | 9.4% |
| 营业利润率 | 10.9% | -6.2% |
| 净利率 | 10.8% | -7.1% |
| 营收同比 | 13.6% | -4.2% |
| 净利润同比 | 139.2% | -304.8% |
| 每股收益（稀释后） | $0.29 | $-0.46 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FORMICHR
| Q4 25 | $215.2M | $223.6M | ||
| Q3 25 | $202.7M | $239.3M | ||
| Q2 25 | $195.8M | $240.3M | ||
| Q1 25 | $171.4M | $244.5M | ||
| Q4 24 | $189.5M | $233.3M | ||
| Q3 24 | $207.9M | $211.1M | ||
| Q2 24 | $197.5M | $203.2M | ||
| Q1 24 | $168.7M | $201.4M |
净利润FORMICHR
| Q4 25 | $23.2M | $-16.0M | ||
| Q3 25 | $15.7M | $-22.9M | ||
| Q2 25 | $9.1M | $-9.4M | ||
| Q1 25 | $6.4M | $-4.6M | ||
| Q4 24 | $9.7M | $-3.9M | ||
| Q3 24 | $18.7M | $-2.8M | ||
| Q2 24 | $19.4M | $-5.1M | ||
| Q1 24 | $21.8M | $-9.0M |
毛利率FORMICHR
| Q4 25 | 42.2% | 9.4% | ||
| Q3 25 | 39.8% | 4.6% | ||
| Q2 25 | 37.3% | 11.3% | ||
| Q1 25 | 37.7% | 11.7% | ||
| Q4 24 | 38.8% | 11.6% | ||
| Q3 24 | 40.7% | 13.2% | ||
| Q2 24 | 44.0% | 12.6% | ||
| Q1 24 | 37.2% | 11.4% |
营业利润率FORMICHR
| Q4 25 | 10.9% | -6.2% | ||
| Q3 25 | 8.9% | -8.1% | ||
| Q2 25 | 6.3% | -2.0% | ||
| Q1 25 | 1.9% | -0.5% | ||
| Q4 24 | 4.1% | -0.5% | ||
| Q3 24 | 8.6% | -0.2% | ||
| Q2 24 | 9.0% | -1.1% | ||
| Q1 24 | 12.6% | -1.9% |
净利率FORMICHR
| Q4 25 | 10.8% | -7.1% | ||
| Q3 25 | 7.7% | -9.6% | ||
| Q2 25 | 4.6% | -3.9% | ||
| Q1 25 | 3.7% | -1.9% | ||
| Q4 24 | 5.1% | -1.7% | ||
| Q3 24 | 9.0% | -1.3% | ||
| Q2 24 | 9.8% | -2.5% | ||
| Q1 24 | 12.9% | -4.5% |
每股收益（稀释后）FORMICHR
| Q4 25 | $0.29 | $-0.46 | ||
| Q3 25 | $0.20 | $-0.67 | ||
| Q2 25 | $0.12 | $-0.28 | ||
| Q1 25 | $0.08 | $-0.13 | ||
| Q4 24 | $0.12 | $-0.11 | ||
| Q3 24 | $0.24 | $-0.08 | ||
| Q2 24 | $0.25 | $-0.15 | ||
| Q1 24 | $0.28 | $-0.30 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $103.3M | $98.3M |
| 总债务越低越好 | $12.2M | $123.5M |
| 股东权益账面价值 | $1.0B | $663.9M |
| 总资产 | $1.2B | $942.9M |
| 负债/权益比越低杠杆越低 | 0.01× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资FORMICHR
| Q4 25 | $103.3M | $98.3M | ||
| Q3 25 | $266.0M | $92.5M | ||
| Q2 25 | $249.3M | $92.2M | ||
| Q1 25 | $299.0M | $109.3M | ||
| Q4 24 | $360.0M | $108.7M | ||
| Q3 24 | $354.5M | $116.4M | ||
| Q2 24 | $357.6M | $114.3M | ||
| Q1 24 | $349.2M | $102.1M |
总债务FORMICHR
| Q4 25 | $12.2M | $123.5M | ||
| Q3 25 | — | $123.5M | ||
| Q2 25 | — | $125.0M | ||
| Q1 25 | — | $126.8M | ||
| Q4 24 | $13.3M | $128.5M | ||
| Q3 24 | — | $130.3M | ||
| Q2 24 | — | $130.2M | ||
| Q1 24 | — | $131.9M |
股东权益FORMICHR
| Q4 25 | $1.0B | $663.9M | ||
| Q3 25 | $1.0B | $676.2M | ||
| Q2 25 | $990.0M | $694.1M | ||
| Q1 25 | $965.9M | $700.4M | ||
| Q4 24 | $947.8M | $698.3M | ||
| Q3 24 | $955.0M | $697.3M | ||
| Q2 24 | $947.9M | $694.9M | ||
| Q1 24 | $923.8M | $697.2M |
总资产FORMICHR
| Q4 25 | $1.2B | $942.9M | ||
| Q3 25 | $1.2B | $966.6M | ||
| Q2 25 | $1.2B | $985.1M | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | $995.6M | ||
| Q3 24 | $1.2B | $975.9M | ||
| Q2 24 | $1.2B | $947.7M | ||
| Q1 24 | $1.1B | $957.4M |
负债/权益比FORMICHR
| Q4 25 | 0.01× | 0.19× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 0.01× | 0.18× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $46.0M | $9.2M |
| 自由现金流经营现金流 - 资本支出 | $34.7M | $5.9M |
| 自由现金流率自由现金流/营收 | 16.1% | 2.6% |
| 资本支出强度资本支出/营收 | 5.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.98× | — |
| 过去12个月自由现金流最近4个季度 | $11.7M | $-6.3M |
8季度趋势，按日历期对齐
经营现金流FORMICHR
| Q4 25 | $46.0M | $9.2M | ||
| Q3 25 | $27.0M | $9.2M | ||
| Q2 25 | $18.9M | $-7.5M | ||
| Q1 25 | $23.5M | $19.0M | ||
| Q4 24 | $35.9M | $-2.5M | ||
| Q3 24 | $26.7M | $8.1M | ||
| Q2 24 | $21.9M | $17.5M | ||
| Q1 24 | $33.0M | $4.8M |
自由现金流FORMICHR
| Q4 25 | $34.7M | $5.9M | ||
| Q3 25 | $19.5M | $2.1M | ||
| Q2 25 | $-47.4M | $-14.8M | ||
| Q1 25 | $5.0M | $496.0K | ||
| Q4 24 | $28.3M | $-6.9M | ||
| Q3 24 | $17.8M | $2.2M | ||
| Q2 24 | $13.5M | $14.6M | ||
| Q1 24 | $19.6M | $314.0K |
自由现金流率FORMICHR
| Q4 25 | 16.1% | 2.6% | ||
| Q3 25 | 9.6% | 0.9% | ||
| Q2 25 | -24.2% | -6.2% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 14.9% | -3.0% | ||
| Q3 24 | 8.6% | 1.0% | ||
| Q2 24 | 6.8% | 7.2% | ||
| Q1 24 | 11.6% | 0.2% |
资本支出强度FORMICHR
| Q4 25 | 5.3% | 1.5% | ||
| Q3 25 | 3.7% | 3.0% | ||
| Q2 25 | 33.8% | 3.0% | ||
| Q1 25 | 10.8% | 7.6% | ||
| Q4 24 | 4.0% | 1.9% | ||
| Q3 24 | 4.3% | 2.8% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | 8.0% | 2.2% |
现金转化率FORMICHR
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 2.08× | — | ||
| Q1 25 | 3.68× | — | ||
| Q4 24 | 3.70× | — | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.52× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FORM
| Foundry Logic Product Group | $92.2M | 43% |
| DRAM Product Group | $73.3M | 34% |
| Systems Product Group | $42.3M | 20% |
| Flash Product Group | $7.4M | 3% |
| Transferred Over Time | $1.8M | 1% |
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
