FormFactor, Inc. — Earnings Quality Grade C
FORM · Technology
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 58 days, change +8 days YoY
AR growth 20.3% exceeds revenue growth 2.8%
Revenue 2.8%, CFFO -1.8%. Cash follows revenue
Expense Quality
Inventory 9.1% vs COGS 4.5%. Normal
CapEx growth 169.7% is >2x revenue growth 2.8%
SG&A/Gross Profit = 43.1%. Normal
Gross margin 39.3%, change -1.0pp. Stable
Cash Flow Quality
CFFO/NI = 2.12. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -5.0%. Low accruals
Cash $0.3B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 22% of equity. Manageable
Debt/EBITDA = 0.3x. Healthy
Other assets -24.5% vs revenue 2.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 11% YoY. Normal
Manipulation Score
M-Score = -2.39 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25