Does FormFactor Stock Lead the Pack?
With FormFactor surging 24% in a Day, it makes sense to re-evaluate vs its peers. Consistently assessing alternatives is core to a sound investment approach. Here is how FormFactor (FORM) stock stacks up against its peers in size, valuation, growth and margin.
- FORM’s operating margin of 5.4% is modest, lowest among peers; KLAC has 41.2%.
- FORM’s revenue growth of 8.3% in the last 12 months is moderate, outpacing AMAT, TER, ENTG but lagging LRCX, KLAC.
- FORM’s stock gained 35.2% over the past year and trades at a PE of 104.0, though peers like LRCX, KLAC, TER delivered stronger returns.
As a quick background, FormFactor provides probe cards, analytical probes, metrology, thermal, and cryogenic systems for testing semiconductor devices globally in markets including the US, Asia, and Europe.
A single stock can be risky, but there is a huge value to a broader, diversified approach. If you seek an upside with less volatility than holding an individual stock, consider the Trefis High Quality Portfolio (HQ). HQ has outperformed its benchmark — a combination of S&P 500, Russell, and S&P midcap index — and achieved returns exceeding 91% since its inception. Risk management is key — consider what the long-term portfolio performance could be if you blended 10% commodities, 10% gold, and 2% crypto with HQ’s performance metrics.
| FORM | LRCX | AMAT | KLAC | TER | ENTG | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 4.6 | 203.6 | 185.6 | 160.3 | 28.3 | 13.3 |
| Revenue ($ Bil) | 0.8 | 19.6 | 28.6 | 12.2 | 2.8 | 3.2 |
| PE Ratio | 104.0 | 35.0 | 27.2 | 39.5 | 60.3 | 44.9 |
| LTM Revenue Growth | 8.3% | 25.7% | 6.6% | 23.9% | 4.6% | -1.9% |
| LTM Operating Margin | 5.4% | 33.0% | 30.1% | 41.2% | 19.2% | 13.2% |
| LTM FCF Margin | 0.5% | 28.3% | 20.4% | 30.8% | 20.1% | 8.2% |
| 12M Market Return | 35.2% | 112.8% | 26.8% | 77.2% | 62.3% | -17.8% |
Why does this matter? FORM just went up 53.1% in a month – peer comparison puts stock performance, valuation, and financials in context – highlighting whether it is truly outperforming, lagging behind, and above all – can this continue? Read Buy or Sell FORM Stock to see if FormFactor holds up as a quality investment. Furthermore, there is always a risk of fall after a strong rally – see how the stock has dipped and recovered in the past through FORM Dip Buyer Analysis lens.
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| FORM | 8.3% | – | 15.2% | -11.3% | -2.8% |
| LRCX | 25.7% | 23.7% | -14.5% | 1.2% | |
| AMAT | 6.6% | – | 2.5% | 2.8% | 11.8% |
| KLAC | 23.9% | 23.9% | -6.5% | 13.9% | |
| TER | 4.6% | – | 5.4% | -15.2% | -14.8% |
| ENTG | -1.9% | – | -8.0% | 7.4% | 42.8% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| FORM | 5.4% | – | 5.8% | 1.5% | 7.3% |
| LRCX | 33.0% | 32.0% | 28.7% | 29.9% | |
| AMAT | 30.1% | – | 28.9% | 28.9% | 30.2% |
| KLAC | 41.2% | 41.2% | 37.1% | 38.1% | |
| TER | 19.2% | – | 19.6% | 19.5% | 26.9% |
| ENTG | 13.2% | – | 13.4% | 12.2% | 14.6% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| FORM | 104.0 | – | 48.9 | 39.2 | 34.0 |
| LRCX | 35.0 | 17.3 | 26.9 | 12.6 | |
| AMAT | 27.2 | – | 18.7 | 19.9 | 13.0 |
| KLAC | 39.5 | 20.6 | 28.5 | 15.5 | |
| TER | 60.3 | – | 36.9 | 37.3 | 19.3 |
| ENTG | 44.9 | – | 51.1 | 99.4 | 44.7 |
While peer comparison is critical, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.