FormFactor, Inc. (FORM)

Technology · Semiconductors · Price $101.70
Updated: Aug 29, 2026
Net Income (TTM)
$115.5M
Trailing 12 Months
Growth Rate
56.34%
Log-Linear Regression (16Q)
Price/Earnings
69.7x
Valuation Multiple
EPS (Diluted)
$1.46
Net Income / Shares
Net Margin
12.80%
Profitability

📈 Net Income History (16 Quarters)

🧮 FORM Net Income Breakdown

Net Income = Revenue - All Expenses - Taxes - Interest
Revenue (Top Line) $902.2M
Less: Cost of Revenue → Gross Profit $389.1M
Less: Operating Expenses → Operating Income $115.9M
Less: Interest Expense $5.4M
Less: Income Tax Expense $16.7M
Equals: Net Income (Bottom Line) $115.5M

Understanding Net Income

Net income, also called the "bottom line" or net profit, is the money a company keeps after paying all expenses including cost of goods, operating costs, interest, and taxes. For FORM, the trailing twelve month net income is $115.5M.

Why Net Income Matters

Net income is the ultimate measure of accounting profitability. It determines earnings per share (EPS), affects stock valuations through the P/E ratio, and represents the theoretical amount available to shareholders. However, net income can be influenced by accounting choices, which is why value investors often look at cash flow metrics alongside it.

FORM's net income growth rate of 56.34% (based on log-linear regression of 16 quarters) indicates exceptional profit growth, often valued at premium multiples.

Net Income vs Cash Flow Metrics

Free Cash Flow: $36.6M →

Actual cash generated after capital expenditures. FCF often differs from net income due to depreciation, working capital changes, and capex timing.

Owner Earnings: $101.8M →

Buffett's preferred metric that adds back depreciation but subtracts maintenance capex. Often considered more accurate than net income.

EPS (Diluted): $1.46 →

Net income divided by diluted shares outstanding. The primary driver of the P/E ratio used in valuations.

Revenue: $902.2M →

The top line that net income is derived from. Net margin shows what percentage of revenue becomes profit.

P/E Ratio Analysis

FORM's P/E ratio of 69.7x means investors pay $69.65 for every $1 of annual earnings. A P/E above 40 indicates very high growth expectations.

Net Margin: Profitability Efficiency

Net margin of 12.80% shows what percentage of FORM's revenue converts to profit after all costs. Net margins between 10-20% are solid and typical of well-managed businesses.

Summary: FORM Net Income Trend

FormFactor, Inc. (FORM) has a net margin of 12.80%, which Zyberno classifies as good for a Technology company — above the 12% threshold Zyberno applies to technology businesses where software margins, tax efficiency, and scalability drive net profitability. Net income grew at 56.34% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses. For complete financial analysis, view the full FORM stock report on Zyberno.

Frequently Asked Questions

What is FORM's current net income?

FormFactor, Inc.'s TTM net income is $115.5M, growing at 56.34% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses.

Is FORM's net income growing?

FormFactor, Inc. (FORM) has a net margin of 12.80%, which Zyberno classifies as good for a Technology company — above the 12% threshold Zyberno applies to technology businesses where software margins, tax efficiency, and scalability drive net profitability. Net income grew at 56.34% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses.

What is FORM's net profit margin?

FormFactor, Inc. (FORM) has a net margin of 12.80%, which Zyberno classifies as good for a Technology company — above the 12% threshold Zyberno applies to technology businesses where software margins, tax efficiency, and scalability drive net profitability. Net income grew at 56.34% annually — significantly above the 20% threshold Zyberno associates with high-growth businesses.

What is FORM's P/E ratio?

FORM's P/E ratio is 69.7x, meaning the market values the company at 69.7 times its annual earnings.

How does net income differ from free cash flow?

Net income is an accounting measure that includes non-cash items like depreciation, while free cash flow shows actual cash generated. FORM's net income is $115.5M versus free cash flow of $36.6M. Large differences often indicate significant capital expenditures or working capital changes.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
$37.18
🛡️
Margin of Safety
Valuation Gap
-100.0%
🎯
Expected Return
Projected Annual
-3.4%
Click any metric for full methodology and detailed analysis

📊 Full FORM Stock Report

See FORM's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 FORM Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

💰 FORM Owner Earnings

Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.

📈 FORM Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

🎯 FORM Earnings Surprise (SUE)

See whether FORM is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

📊 FORM Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 FORM Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 FORM Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 FORM Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

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