Tearsheet

Ichor (ICHR)

Market Price (12/28/2025): $18.97 | Market Cap: $651.5 Mil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Ichor (ICHR)

Market Price (12/28/2025): $18.97
Market Cap: $651.5 Mil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and 5G & Advanced Connectivity. Themes include AI Chips, Data Centers & Infrastructure, Show more.	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -114%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.8%
1			Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.1%
2			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.0%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10%
4			Key risks ICHR key risks include [1] heavy reliance on just three customers for over 70% of its sales and [2] thin, Show more.

0	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and 5G & Advanced Connectivity. Themes include AI Chips, Data Centers & Infrastructure, Show more.
1	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -114%
2	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.8%
3	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.1%
4	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.0%
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -10%
6	Key risks ICHR key risks include [1] heavy reliance on just three customers for over 70% of its sales and [2] thin, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$18.97	$32.22	$33.63	$26.82	$46.03
Market Cap CYE ($ Mil)	651.5	1,088.4	988.9	773.2	1,311.0
Total Debt ($ Mil)	163.1	174.2	286.3	341.7	322.7
Total Cash ($ Mil)	92.5	108.7	80.0	86.5	75.5
Enterprise Value ($ Mil)	722.2	1,262.6	1,275.2	1,114.9	1,633.7
Valuation Ratios
P/S TTM	0.7	1.2	1.2	0.6	1.2
P/EBIT TTM	-23.0	-120.1	-83.9	8.9	16.2
P/E TTM	-16.0	-50.7	-22.8	10.6	18.3
P/FCF TTM	-34.1	103.0	23.3	381.2	-233.7
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7	-0.0
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8	-0.0
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9	13.8

	12/28/25	2024	2023
Share Price CYE	$18.97	$32.22	$33.63
Market Cap CYE ($ Mil)	651.5	1,088.4	988.9
Total Debt ($ Mil)	163.1	174.2	286.3
Total Cash ($ Mil)	92.5	108.7	80.0
Enterprise Value ($ Mil)	722.2	1,262.6	1,275.2
Valuation Ratios
P/S TTM	0.7	1.2	1.2
P/EBIT TTM	-23.0	-120.1	-83.9
P/E TTM	-16.0	-50.7	-22.8
P/FCF TTM	-34.1	103.0	23.3
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	ICHR	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	1.0
Rev Chg Q	13.3%	7.3%
Rev Chg LTM	16.9%	6.1%
Rev Chg 3Y Avg	-7.1%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-2.8%	18.8%
CFO/Rev LTM	1.9%	20.4%
Net Inc Mgn	-4.3%	13.1%
VALUATION	VERY LOW
P/S	0.7	3.3
P/CFO	35.7	15.8
P/FCF	-34.1	20.7
P/E	-16.0	23.7
STABILITY	GOOD
Debt/Equity	0.25	0.21
Cash/Assets	0.10	0.07

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Metric	Value	Date	Source
Customer Concentration	73% of total sales from two largest customers	12272024	Link
Number of Employees	1820	12272024	Link

Upcoming
2/03/2026	Earnings Release	Rev: $220 Mil (E) EPS: $-0.06 (E)

ICHR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Ichor (ICHR) experienced a 12.5% stock movement between August 31, 2025, and December 28, 2025, driven by several key factors.

1. Positive Outlook for 2026 Semiconductor Market: Ichor projected a significant recovery and improved performance for 2026, aligning with broader industry forecasts predicting record growth in the semiconductor equipment market. This optimistic forward-looking sentiment likely contributed to increased investor confidence and stock appreciation.

2. Strong Demand in Core Semiconductor Segments: The company reported strengthened customer demand in the etch and deposition markets during the third quarter of 2025. This led to robust year-over-year revenue growth of 13% and allowed Ichor to exceed its revenue forecasts, indicating underlying operational strength in key areas despite some market softness elsewhere.

3. Bullish Technical Indicators Signaling Trend Reversal: In late November and December 2025, ICHR exhibited several bullish technical signals. These included its Stochastic Oscillator moving out of oversold territory, the Momentum Indicator rising above zero, and the stock breaking above its 50-day moving average, suggesting a shift from a downward to an upward price trend.

4. Analyst Endorsement and Price Targets: Wall Street analysts, as of December 2025, held a consensus "Hold" or "Buy" rating for Ichor. Furthermore, their average price targets indicated a notable upside potential for the stock, reinforcing positive sentiment among investors regarding future performance.

5. New CEO Appointment: The appointment of Phil Barros as the new Chief Executive Officer in early November 2025 potentially signaled a fresh strategic direction and renewed focus on operational execution. This leadership change could have contributed to investor optimism for the company's future.

Stock Movement Drivers

Fundamental Drivers

The 9.7% change in ICHR stock from 9/27/2025 to 12/27/2025 was primarily driven by a 7.0% change in the company's P/S Multiple.

	9272025	12272025	Change
Stock Price ($)	17.28	18.95	9.66%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	929.18	957.34	3.03%
P/S Multiple	0.64	0.68	6.96%
Shares Outstanding (Mil)	34.18	34.35	-0.49%
Cumulative Contribution			9.66%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
ICHR	9.7%
Market (SPY)	4.3%	63.6%
Sector (XLK)	5.1%	64.9%

Fundamental Drivers

The -2.9% change in ICHR stock from 6/28/2025 to 12/27/2025 was primarily driven by a -8.6% change in the company's P/S Multiple.

	6282025	12272025	Change
Stock Price ($)	19.51	18.95	-2.87%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	892.12	957.34	7.31%
P/S Multiple	0.74	0.68	-8.56%
Shares Outstanding (Mil)	34.00	34.35	-1.02%
Cumulative Contribution			-2.88%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
ICHR	-2.9%
Market (SPY)	12.6%	55.8%
Sector (XLK)	17.0%	58.3%

Fundamental Drivers

The -39.6% change in ICHR stock from 12/27/2024 to 12/27/2025 was primarily driven by a -47.3% change in the company's P/S Multiple.

	12272024	12272025	Change
Stock Price ($)	31.37	18.95	-39.59%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	819.23	957.34	16.86%
P/S Multiple	1.29	0.68	-47.32%
Shares Outstanding (Mil)	33.70	34.35	-1.92%
Cumulative Contribution			-39.61%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
ICHR	-39.6%
Market (SPY)	17.0%	57.9%
Sector (XLK)	24.0%	62.6%

Fundamental Drivers

The -25.9% change in ICHR stock from 12/28/2022 to 12/27/2025 was primarily driven by a -24.4% change in the company's Total Revenues ($ Mil).

	12282022	12272025	Change
Stock Price ($)	25.58	18.95	-25.92%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1265.54	957.34	-24.35%
P/S Multiple	0.58	0.68	16.91%
Shares Outstanding (Mil)	28.77	34.35	-19.39%
Cumulative Contribution			-28.70%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
ICHR	-45.2%
Market (SPY)	48.0%	56.7%
Sector (XLK)	53.5%	60.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ICHR Return	-9%	53%	-42%	25%	-4%	-42%	-43%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
ICHR Win Rate	50%	58%	42%	50%	50%	50%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
ICHR Max Drawdown	-55%	0%	-53%	-17%	-20%	-56%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	ICHR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-65.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	186.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-62.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	167.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	302 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-57.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	136.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	370 days	120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Ichor's stock fell -65.1% during the 2022 Inflation Shock from a high on 4/5/2021. A -65.1% loss requires a 186.7% gain to breakeven.

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About Ichor (ICHR)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. It also manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products for use in fluid delivery systems. The company primarily markets its products directly and through resellers to equipment OEMs in the semiconductor equipment market in the United States, the United Kingdom, Singapore, Malaysia, Korea, Mexico, and internationally. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.

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The Corning for semiconductor manufacturing equipment.

The Cummins for machines that build semiconductors.

A specialized industrial technology provider, similar to a focused Siemens for the complex systems within chip-making machines.

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Here are the major products and services of Ichor (ICHR):

Gas Delivery Subsystems: Engineered systems that precisely control and deliver process gases to semiconductor manufacturing tools.
Chemical Delivery Subsystems: Systems designed for the accurate and controlled delivery of liquid chemicals used in semiconductor fabrication.
Weldments and Machined Components: Custom-fabricated metal components and assemblies that form integral parts of their fluid delivery solutions.
Refurbishment and Upgrade Services: Services for the maintenance, repair, and enhancement of existing fluid delivery systems.

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Ichor (ICHR) Major Customers

Ichor (ICHR) sells primarily to other companies (B2B), specifically to leading manufacturers of semiconductor capital equipment. The company designs, engineers, and manufactures fluid delivery subsystems and components critical for advanced semiconductor fabrication processes.

Based on recent financial disclosures (e.g., Form 10-K filings), Ichor's major customers include:

Applied Materials, Inc. (Symbol: AMAT)
Lam Research Corporation (Symbol: LRCX)

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Philip Barros, Chief Executive Officer

Philip Barros was appointed Chief Executive Officer of Ichor Holdings, Ltd. on November 3, 2025. He previously served as Chief Technology Officer since 2015 and Senior Vice President of Engineering since 2010. Mr. Barros has over 20 years of experience at Ichor and its predecessor company, holding executive roles in engineering, product management, sales, account management, corporate development, and strategy. Before joining Ichor, he was a director of systems engineering at Celerity, a predecessor company to Ichor. He also held engineering and management positions at Applied Materials, Inc. from 2000 to 2004. Mr. Barros holds multiple patents. He earned his B.S. in Mechanical Engineering from San Jose State University and has completed executive programs at Stanford University and the University of California, Berkeley.

Greg Swyt, Chief Financial Officer

Greg Swyt was promoted to Chief Financial Officer of Ichor Holdings, Ltd., effective August 30, 2023. He joined Ichor in January 2022 as Chief Accounting Officer. Mr. Swyt brings nearly 25 years of financial leadership experience in the semiconductor capital equipment and global electronics technology industries. Prior to Ichor, he served as CFO of Silvaco Group, Inc., a privately-held provider of EDA tools and semiconductor IP. He also held roles at Onto Innovation and its predecessor, Nanometrics Incorporated, including serving as interim CFO from December 2017 to October 2019. From 2008 to 2016, Mr. Swyt was the managing director of finance and global finance controller at Intevac, Inc. He also spent many years as a finance director at Applied Materials, Inc., and held financial leadership roles at Hewlett Packard and 2WIRE. Early in his career, he served 12 years with the U.S. Navy. Mr. Swyt holds both a B.S. in Finance and an MBA from San Jose State University.

Bruce Ragsdale, Chief Operating Officer

Bruce Ragsdale serves as the Chief Operating Officer of Ichor Holdings, Ltd.

Diana Finucane, Chief HR Officer

Diana Finucane holds the position of Chief HR Officer at Ichor Holdings, Ltd.

David Lee, Senior Vice President, Sales & Marketing

David Lee is the Senior Vice President, Sales & Marketing at Ichor Holdings, Ltd.

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Ichor Holdings (ICHR) faces several key risks due to its position within the semiconductor capital equipment industry. These risks are primarily driven by the cyclical nature of the industry and the company's customer relationships. The most significant key risks to Ichor's business are:

1. Semiconductor Industry Cyclicality

Ichor's business is highly dependent on expenditures by manufacturers in the semiconductor capital equipment industry, which is inherently cyclical. This exposes Ichor to significant fluctuations in demand, sales, and profitability. For instance, Ichor's revenue decreased by 23.4% in 2024, attributed to reduced capital spending by semiconductor manufacturers due to market uncertainties. Economic downturns or overcapacity in the semiconductor market can lead to decreased sales and profitability for Ichor. The company's revenue collapse of 37% in 2023 further illustrates this cyclical vulnerability.

2. Customer Concentration

Ichor relies on a very small number of OEM customers for a substantial portion of its revenue. Specifically, Applied Materials, Lam Research, and ASML accounted for over 70% of Ichor's sales in fiscal year 2024. A significant reduction in spending from any of these major customers would have a substantial adverse effect on Ichor's financial performance. This high customer concentration gives these customers considerable negotiating leverage over Ichor.

3. Intense Industry Competition and Margin Pressure

The semiconductor equipment industry is highly competitive, with Ichor facing pressure from both established players and new entrants. This intense competition can lead to pricing pressure and negatively impact Ichor's margins. The company has experienced challenges with thin gross margins, reporting 12.2% or 12.5% recently, which is below the industry median, indicating difficulty in translating higher-value products and internal manufacturing into immediate profitability.

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Ichor Holdings, Ltd. (ICHR) is a global supplier of critical fluid delivery subsystems and components for the semiconductor capital equipment industry. Their main products include gas and chemical delivery systems and subsystems. The addressable markets for Ichor's main products are as follows:

For **Chemical Delivery Systems**, the global market size was approximately $1.38 billion (US$ 1381.8 million) in 2023 and is projected to grow to approximately $2.02 billion (US$ 2016.1 million) by 2030.
For **Gas Delivery Systems**, the global market size is expected to reach approximately $40.5 billion (USD 40.5 billion) by 2032. Another estimate for the global gas delivery system market forecasts it to reach approximately $32.1 billion by 2031.

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Ichor (ICHR) is anticipated to experience future revenue growth over the next 2-3 years, driven by several key factors:

Continued Strong Demand in Semiconductor Etch and Deposition Markets: Ichor has reported robust performance due to increased demand from its largest customers and a strengthening environment for etch and deposition applications in the semiconductor industry. This trend is expected to continue, supported by ongoing investments in leading-edge foundry and logic, along with an anticipated recovery in memory investments.
Launch and Expansion of Proprietary Products: The company is strategically focused on developing and introducing new proprietary flow control and valve products. The first beta unit for customer evaluation is targeted for early 2026, which is expected to allow Ichor to serve a broader range of applications and customer needs, thereby increasing its value across the semiconductor supply chain.
Increased Internal Component Manufacturing: Ichor is actively working to transition more of its gas panel components, such as precision valves, fittings, and substrates, to internal manufacturing. This initiative aims to enhance product margins, provide more direct supply control, and is a key factor in improving the company's profitability and market position.
Global Manufacturing Capacity Expansion: To meet anticipated demand, Ichor has plans to expand its semiconductor machining capacity, with future facilities projected for Malaysia and Mexico. This expansion of its global footprint and cost structure realignment are strategic priorities to support long-term profitability and address growing market needs.
Leveraging Long-Term Semiconductor Market Growth (AI, High-Performance Logic, Advanced Packaging): Ichor is positioned to benefit from the overarching long-term fundamentals of its served markets, which are driven by significant technological inflections such as artificial intelligence (AI), high-performance logic, and advanced packaging. These trends are expected to fuel sustained growth in semiconductor capital equipment spending.

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Share Repurchases

Ichor Holdings has shown a negative 3-Year Share Buyback Ratio of -5.80%, indicating net share issuance rather than repurchases over the past three years.

Share Issuance

In Q3 2025 and 2024, the company reported issuances of ordinary shares under share-based compensation plans amounting to $5.27 million and $5.60 million, respectively.
As of May 14, 2025, Ichor's stockholders approved the 2025 Omnibus Incentive Plan, which allows for the issuance of 2,963,471 shares for awards.
As of March 17, 2025, Ichor had 38,550,402 ordinary shares issued and 34,112,963 ordinary shares outstanding.

Outbound Investments

In November 2021, Ichor acquired IMG for approximately $270.0 million to enhance its precision machining capacity and capabilities and expand its customer base.
In December 2020, Ichor acquired certain operating assets of a business in Nogales, Mexico, for $5.0 million to increase its precision machined component manufacturing capacity.
Over the past decade, Ichor has spent $473 million on acquisitions, indicating a significant focus on inorganic expansion.

Capital Expenditures

Total capital expenditures were $10.3 million in 2020, $20.8 million in 2021, and $29.4 million in 2022.
For 2025, planned capital expenditures are estimated to be around 4% of revenue, a notable increase from the historical average of 2%, with a focus on global expansion of machining and non-semiconductor business capabilities, including a new machining operation in Malaysia planned for a 2026 start-up.
In Q1 2025, capital expenditures were $18.5 million, and in Q2 2025, Ichor stepped up capital spending, particularly for new machining capacity in Malaysia, which resulted in a negative free cash flow of $(14.8) million for the quarter.

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		Best Bets In Information Technology Sector
	ICHR	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	-16.0	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	-23.0	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	13.3%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	16.9%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-7.1%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	2.9%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Ichor Earnings Notes
2	Would You Still Hold Ichor Stock If It Fell 30%?	Return
3	Why Ichor Stock Moved: ICHR Stock Has Lost 62% Since 2021 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
4	ICHR Dip Buy Analysis
5	Ichor Stock Soars 18% In A Single Month, Should You Buy The Stock?	Buy or Fear
6	Ichor (ICHR) Valuation Ratios Comparison	Financials
7	Ichor Total Shareholder Return (TSR): -6.7% in 2024 and -12.0% 3-yr compounded annual returns (above peer average)
8	Ichor (ICHR) Operating Cash Flow Comparison	Financials
9	Ichor (ICHR) Net Income Comparison	Financials
10	Ichor (ICHR) Operating Income Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select ideas related to ICHR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	14.4%	14.4%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.3%	17.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.0%	12.0%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Ichor

Peers to compare with:

Financials

	ICHR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Ichor	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	18.95	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	0.7	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	957	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	-27	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	-19	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	24	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	18	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	48	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	ICHR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Ichor	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	16.9%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	-7.1%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	13.3%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	3.0%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	-2.8%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	-1.0%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	-2.0%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	1.9%	6.7%	8.5%	20.6%	23.8%	26.6%	14.6%
CFO/Rev 3Y Avg	5.6%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	-2.0%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	2.9%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	ICHR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Ichor	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	0.7	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.7	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	-23.0	6.8	19.9	25.1	22.5	31.3	21.2
P/E	-16.0	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	35.7	5.9	11.2	21.1	22.5	37.5	21.8
Total Yield	-6.3%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	2.0%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.3	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	0.1	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	ICHR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Ichor	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	13.5%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	9.7%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	-2.9%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-39.6%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-25.9%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	14.5%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	5.4%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	-15.1%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-54.7%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-113.8%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

$ Mil \| FY: 12/27	LTM	2024	2023	2022	2021	2020	2019
Period End	9/26/2025	12/27/2024	12/29/2023	12/30/2022	12/31/2021	12/25/2020	12/27/2019
Filing Date	11/3/2025	2/21/2025	2/23/2024	2/24/2023	2/28/2022	3/5/2021	3/6/2020
Key Financials
Total Revenue	957	849	811	1,280	1,097	914	621
EBITDA	3	22	23	121	106	65	37
Operating Income	-27	-8	-11	86	81	42	15
Net Income	-41	-21	-43	73	71	33	11
EPS	-1.20	-0.64	-1.47	2.54	2.51	1.44	0.48
Growth Rates
Total Revenue Growth	16.9%	4.7%	-36.6%	16.7%	20.0%	47.3%	-24.6%
EBITDA Growth	-80.8%	-4.0%	-81.2%	14.4%	62.7%	77.4%	-57.8%
Operating Income Growth	-86.0%	29.9%	-112.7%	5.9%	95.0%	177.4%	-76.6%
Net Income Growth	-41.7%	51.6%	-159.0%	2.7%	113.0%	210.2%	-81.5%
Margins
EBITDA Margin	0.3%	2.6%	2.8%	9.5%	9.7%	7.1%	5.9%
Operating Income Margin	-2.8%	-0.9%	-1.3%	6.7%	7.4%	4.5%	2.4%
Net Income Margin	-4.3%	-2.5%	-5.3%	5.7%	6.5%	3.6%	1.7%
Cash & Debt
Total Cash	92	109	80	86	75	253	61
Total Debt	163	174	286	342	323	211	193
Net Debt / (Cash)	71	66	206	255	247	-42	132
Cash Flows
Net Cash from Operations	18	28	58	31	15	38	57
Free Cash from Operations	-19	10	42	2	-6	28	37
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	2

$ Mil \| FY: 12/27	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/26/2025	6/27/2025	3/28/2025	12/27/2024	9/27/2024	6/28/2024	3/29/2024	12/29/2023	9/29/2023	6/30/2023	3/31/2023	12/30/2022
Filing Date	11/3/2025	8/5/2025	5/6/2025	2/21/2025	11/5/2024	8/7/2024	5/8/2024	2/23/2024	11/7/2023	8/9/2023	5/10/2023	2/24/2023
Key Financials Quarterly
Total Revenue	239	240	244	233	211	203	201	203	197	185	226	302
Ebitda	-13	3	7	6	6	6	4	1	4	6	12	26
Operating Income	-19	-5	-1	-1	-0	-2	-4	-8	-5	-3	5	18
Net Income	-23	-9	-5	-4	-3	-5	-9	-12	-10	-21	-0	14
EPS	-0.67	-0.28	-0.13	-0.12	-0.08	-0.15	-0.30	-0.40	-0.36	-0.71	-0.00	0.49
Key Financials TTM
Total Revenue TTM	957	929	892	849	819	805	787	811	909	1,068	1,213	1,280
Ebitda TTM	3	22	25	22	16	14	14	23	48	86	114	121
Operating Income TTM	-27	-8	-5	-8	-14	-19	-19	-11	15	52	80	86
Net Income TTM	-41	-21	-16	-21	-29	-36	-52	-43	-17	23	65	73
Growth Rates Quarterly
Total Revenue Growth	13.3%	18.2%	21.4%	14.7%	7.3%	9.8%	-10.8%	-32.6%	-44.7%	-43.9%	-22.9%	5.1%
EBITDA Growth	-314.4%	-49.0%	90.3%	833.7%	51.5%	2.8%	-71.4%	-97.4%	-90.2%	-83.6%	-36.5%	9.6%
Operating Income Growth	-4945.5%	-114.0%	68.7%	84.3%	92.0%	22.2%	-178.0%	-144.2%	-114.8%	-111.7%	-54.2%	10.2%
Net Income Growth	-723.2%	-84.0%	49.3%	66.9%	73.4%	75.3%	-179680.0%	-183.8%	-135.9%	-195.9%	-100.1%	-4.5%
Margins Quarterly
EBITDA Margin	-5.5%	1.2%	2.8%	2.8%	2.9%	2.9%	1.8%	0.3%	2.1%	3.1%	5.5%	8.7%
Operating Income Margin	-8.1%	-2.0%	-0.5%	-0.5%	-0.2%	-1.1%	-1.9%	-3.9%	-2.5%	-1.6%	2.1%	6.0%
Net Income Margin	-9.6%	-3.9%	-1.9%	-1.7%	-1.3%	-2.5%	-4.5%	-5.8%	-5.3%	-11.2%	-0.0%	4.7%
Cash & Debt
Total Cash	92	92	109	109	116	114	102	80	76	85	69	86
Total Debt	163	167	170	174	167	166	170	286	318	332	340	342
Net Debt / (Cash)	71	75	61	66	50	52	68	206	242	248	272	255
Cash Flows Quarterly
FCF from Operations	9	-8	19	-2	8	17	5	38	4	27	-11	39
Cash Flows TTM
FCF from Operations TTM	18	17	42	28	68	64	73	58	59	74	57	31
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-15.3%	-3.8%	-1.0%	-1.0%	-0.3%	-1.9%	-3.1%	-6.4%	-3.8%	-2.3%	0.0%	14.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-5.3%	-1.5%	-1.0%	-1.6%	-3.1%	-4.0%	-4.1%	-2.3%	3.0%	6.8%	15.0%	16.5%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Design, engineering, and manufacturing of critical fluid delivery subsystems and components for	811	1,280	1,097	914	621
Total	811	1,280	1,097	914	621

Price Behavior

Price Behavior

Market Price	$18.95
Market Cap ($ Bil)	0.7
First Trading Date	12/09/2016
Distance from 52W High	-46.0%
	50 Days	200 Days
DMA Price	$18.16	$19.11
DMA Trend	down	down
Distance from DMA	4.3%	-0.9%
	3M	1YR
Volatility	97.3%	90.5%
Downside Capture	588.20	385.55
Upside Capture	527.37	280.46
Correlation (SPY)	63.5%	57.8%

ICHR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	5.53	4.99	4.90	4.83	2.58	2.36
Up Beta	1.51	2.23	2.81	4.51	2.25	2.12
Down Beta	6.20	4.36	4.53	5.19	2.08	2.02
Up Capture	472%	787%	768%	825%	841%	3999%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	11	23	33	64	118	368
Down Capture	666%	480%	445%	345%	165%	112%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	19	30	60	128	377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of ICHR With Other Asset Classes (Last 1Y)
	ICHR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-36.4%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	89.9%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.07	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		62.6%	57.8%	7.4%	19.2%	30.7%	25.9%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of ICHR With Other Asset Classes (Last 5Y)
	ICHR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-9.5%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	63.6%	24.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.12	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		62.7%	59.8%	12.2%	17.1%	35.8%	26.3%

Based On 10-Year Data

		Comparison of ICHR With Other Asset Classes (Last 10Y)
	ICHR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.6%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	64.1%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.40	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		58.1%	55.9%	9.1%	21.3%	37.2%	20.8%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	3,187,889
Short Interest: % Change Since 11302025	-6.2%
Average Daily Volume	637,370
Days-to-Cover Short Interest	5
Basic Shares Quantity	34,346,172
Short % of Basic Shares	9.3%

Returns Analyses

	Title
0	Would You Still Hold Ichor Stock If It Fell 30%?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2025	-31.4%	-32.7%	-24.1%
8/4/2025	-30.2%	-20.3%	-20.2%
5/5/2025	-23.2%	-11.7%	-15.4%
1/13/2025	-4.5%	-3.6%	2.3%
11/4/2024	16.1%	21.8%	28.9%
8/6/2024	3.3%	6.9%	1.4%
5/7/2024	-2.8%	-4.1%	-3.0%
2/6/2024	3.3%	10.0%	16.9%
...
SUMMARY STATS
# Positive	9	12	11
# Negative	15	12	13
Median Positive	3.3%	10.4%	15.9%
Median Negative	-3.6%	-6.1%	-12.7%
Max Positive	16.1%	23.7%	43.3%
Max Negative	-31.4%	-32.7%	-24.1%

	Forward Returns
11/3/2025	-31.4%	-32.7%	-24.1%
8/4/2025	-30.2%	-20.3%	-20.2%
5/5/2025	-23.2%	-11.7%	-15.4%
1/13/2025	-4.5%	-3.6%	2.3%
11/4/2024	16.1%	21.8%	28.9%
8/6/2024	3.3%	6.9%	1.4%
5/7/2024	-2.8%	-4.1%	-3.0%
2/6/2024	3.3%	10.0%	16.9%
11/6/2023	-11.1%	-7.7%	-0.4%
8/8/2023	-3.1%	-7.1%	-9.3%
5/9/2023	-6.5%	1.9%	23.5%
2/7/2023	4.1%	0.0%	-12.7%
11/8/2022	0.3%	18.0%	15.9%
8/9/2022	13.4%	23.7%	-2.8%
5/10/2022	-13.7%	1.9%	-0.9%
2/8/2022	-2.5%	-4.9%	-18.7%
10/22/2021	-3.4%	10.7%	24.3%
8/3/2021	-3.3%	-3.0%	-3.5%
5/4/2021	0.6%	-5.1%	1.0%
1/12/2021	3.0%	14.8%	13.1%
11/2/2020	4.0%	15.4%	43.3%
8/3/2020	-1.8%	-12.3%	-22.6%
5/4/2020	-3.6%	-1.3%	6.0%
2/5/2020	-3.4%	3.4%	-19.6%
SUMMARY STATS
# Positive	9	12	11
# Negative	15	12	13
Median Positive	3.3%	10.4%	15.9%
Median Negative	-3.6%	-6.1%	-12.7%
Max Positive	16.1%	23.7%	43.3%
Max Negative	-31.4%	-32.7%	-24.1%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11032025	10-Q 9/26/2025
6302025	8052025	10-Q 6/27/2025
3312025	5062025	10-Q 3/28/2025
12312024	2212025	10-K 12/27/2024
9302024	11052024	10-Q 9/27/2024
6302024	8072024	10-Q 6/28/2024
3312024	5082024	10-Q 3/29/2024
12312023	2232024	10-K 12/29/2023
9302023	11072023	10-Q 9/29/2023
6302023	8092023	10-Q 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	2242023	10-K 12/30/2022
9302022	11092022	10-Q 9/30/2022
6302022	8102022	10-Q 7/1/2022
3312022	5112022	10-Q 4/1/2022
12312021	2282022	10-K 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	MacKenzie Iain		11172025	Buy	14.53	10,000	145,300	1,889,060	Form
1	MacKenzie Iain		11102025	Buy	15.28	10,000	152,800	1,833,768	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Ichor (ICHR)

Market Price (12/28/2025): $18.97 | Market Cap: $651.5 MilSector: Information Technology | Industry: Semiconductor Materials & Equipment

Ichor (ICHR)

Market Price (12/28/2025): $18.97Market Cap: $651.5 MilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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ICHR Stock

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About Ichor (ICHR)

Ichor (ICHR) Major Customers

1. Semiconductor Industry Cyclicality

2. Customer Concentration

3. Intense Industry Competition and Margin Pressure

Interactive Breakdown

Better Bets than Ichor (ICHR)

INDUSTRY: Semiconductor Materials & Equipment

Higher Rev Chg 3Y Avg | Lower P/S (Values for ICHR: -7.1% | 0.7x)

Higher Rev Chg LTM (Value for ICHR: 16.9%)

Higher Rev Chg 3Y Avg (Value for ICHR: -7.1%)

Higher Op Mgn LTM (Value for ICHR: -2.8%)

Higher CFO/Rev LTM (Value for ICHR: 1.9%)

Higher FCF/Rev LTM (Value for ICHR: -2.0%)

Higher Total Yield (Value for ICHR: -6.3%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for ICHR: -7.1% | 0.7x)

Higher Rev Chg LTM (Value for ICHR: 16.9%)

Higher Rev Chg 3Y Avg (Value for ICHR: -7.1%)

Higher Op Mgn LTM (Value for ICHR: -2.8%)

Higher CFO/Rev LTM (Value for ICHR: 1.9%)

Higher FCF/Rev LTM (Value for ICHR: -2.0%)

Higher Total Yield (Value for ICHR: -6.3%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for ICHR: -7.1% | 0.7x)

Higher Rev Chg LTM (Value for ICHR: 16.9%)

Higher Rev Chg 3Y Avg (Value for ICHR: -7.1%)

Higher Op Mgn LTM (Value for ICHR: -2.8%)

Higher CFO/Rev LTM (Value for ICHR: 1.9%)

Higher FCF/Rev LTM (Value for ICHR: -2.0%)

Higher Total Yield (Value for ICHR: -6.3%)

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Market Price (12/28/2025): $18.97 | Market Cap: $651.5 Mil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Market Price (12/28/2025): $18.97
Market Cap: $651.5 Mil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment