What is Ichor Holdings's earnings per share (EPS)?

Ichor Holdings (ICHR) reported diluted earnings per share of -$1.54 for fiscal year 2025. This represents a -140.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ichor Holdings (ICHR) Financials

ICHR

Trailing 12 months to June 26, 2026

Revenue $1.0B +9.1% YoY

Net Income -$40.3M -94.7% YoY

EPS (Diluted) -$1.17 -91.8% YoY

Free Cash Flow -$25.6M -34.6% YoY

Market Cap $1.9B as of Oct 14, 2026

Price / Sales 1.9x on $1.0B revenue, trailing 12 months to June 26, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 26, 2026

Price / Book 2.2x on $865.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 26, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ICHR SEC filings page.

Ichor Holdings (ICHR) reported $1.0B in revenue over the twelve months to Jun 26, 2026, up 9.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ICHR FY2025 2026-10-03

Revenue recovered in FY2025, but margin compression and heavier reinvestment pushed cash generation back below zero.

In FY2025, revenue grew 11.6%, yet gross margin fell to 9.3%; the combination points to weaker economics on incremental sales, not fixed-cost absorption. SG&A rose 20.5% in FY2025, so higher sales did not translate into operating leverage.

The balance sheet has become less debt-dependent: debt-to-equity was 0.2x in FY2025 versus 0.6x in FY2021. Total liabilities also declined from $520M to $279M, leaving a more conservative funding structure even while earnings weakened.

Operating cash flow stayed positive at $29.9M, but capital spending of $36.2M exceeded it. That produced negative free cash flow after positive FCF in FY2024, showing a cash-conversion gap: operations supplied cash, but reinvestment consumed more than operations generated.

Financial Health Signals

Financial Health Score 49/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ichor Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ichor Holdings has an operating margin of -4.1%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 23/100. This is down from -0.9% the prior year.

Growth

Ichor Holdings's revenue grew 11.6% year-over-year to $947.7M, a solid pace of expansion. This earns a growth score of 60/100.

Leverage

Ichor Holdings carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.16, Ichor Holdings holds $3.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Cash Flow

While Ichor Holdings generated $29.9M in operating cash flow, capex of $36.2M consumed most of it, leaving -$6.3M in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Ichor Holdings posts a -8.0% return on equity (ROE), meaning it loses $8 for every $100 of shareholders' equity. This results in a returns score of 23/100. This is down from -3.0% the prior year.

Altman Z-Score Safe

5.57

Ichor Holdings scores 5.57, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($279.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

3/9

Ichor Holdings passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Ichor Holdings reported a net loss of $52.8M while generating $29.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Ichor Holdings reported an operating loss of $39.3M against $6.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$294.8M

YoY+22.7%

QoQ+15.1%

5Y CAGR+0.9%

10Y CAGR+11.9%

Ichor Holdings generated $294.8M in revenue in Q2 2026. This represents an increase of 22.7% from the same quarter a year earlier. Against the prior quarter it is up 15.1%.

EBITDA

$13.9M

YoY+407.9%

QoQ+42.8%

5Y CAGR-14.8%

10Y CAGR+6.5%

Ichor Holdings's EBITDA was $13.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 407.9% from the same quarter a year earlier. Against the prior quarter it is up 42.8%.

Net Income

$998K

YoY+110.6%

QoQ+140.4%

5Y CAGR-46.5%

10Y CAGR+0.3%

Ichor Holdings reported $998K in net income in Q2 2026. This represents an increase of 110.6% from the same quarter a year earlier. Against the prior quarter it is up 140.4%.

EPS (Diluted)

$0.03

YoY+110.7%

QoQ+142.9%

Ichor Holdings earned $0.03 per diluted share (EPS) in Q2 2026. This represents an increase of 110.7% from the same quarter a year earlier. Against the prior quarter it is up 142.9%.

Cash & Balance Sheet

Free Cash Flow

-$23.6M

YoY-59.8%

QoQ-136.9%

Ichor Holdings recorded an outflow of $23.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 59.8% from the same quarter a year earlier. Against the prior quarter it is down 136.9%.

Cash & Debt

$256.5M

YoY+178.1%

QoQ+187.9%

5Y CAGR+12.6%

Ichor Holdings held $256.5M in cash against $114.3M in long-term debt as of Q2 2026.

Shares Outstanding

37M

YoY+9.1%

QoQ+7.8%

5Y CAGR+5.7%

Ichor Holdings had 37M shares outstanding in Q2 2026. This represents an increase of 9.1% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

13.9%

YoY+2.6pp

QoQ+1.3pp

5Y change-2.9pp

10Y change-2.0pp

Ichor Holdings's gross margin was 13.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Operating Margin

2.4%

YoY+4.5pp

QoQ+1.6pp

5Y change-6.5pp

10Y change-2.7pp

Ichor Holdings's operating margin was 2.4% in Q2 2026, reflecting core business profitability. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Net Margin

0.3%

YoY+4.3pp

QoQ+1.3pp

5Y change-7.8pp

10Y change-0.7pp

Ichor Holdings's net profit margin was 0.3% in Q2 2026, showing the share of revenue converted to profit. This is up 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Return on Equity

0.1%

YoY+1.5pp

QoQ+0.5pp

5Y change-4.9pp

Ichor Holdings's ROE was 0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Capital Allocation

R&D Spending

$7.8M

YoY+36.1%

QoQ+40.5%

5Y CAGR+13.9%

10Y CAGR+19.7%

Ichor Holdings invested $7.8M in research and development in Q2 2026. This represents an increase of 36.1% from the same quarter a year earlier. Against the prior quarter it is up 40.5%.

Capital Expenditures

$7.8M

YoY+6.5%

QoQ+10.0%

5Y CAGR-4.9%

10Y CAGR+31.0%

Ichor Holdings invested $7.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 6.5% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.

Share Buybacks

Not reported for Q2 2026.

ICHR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ICHR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$1.0B	$947.7M+11.6%	$849.0M+4.7%	$811.1M-36.6%	$1.3B+16.7%	$1.1B+20.0%	$914.2M+47.3%	$620.8M-24.6%	$823.6M+25.6%	$655.9M+61.7%	$405.7M+39.6%	$290.6M
Cost of Revenue	$908.5M	$859.9M+15.3%	$745.7M+5.4%	$707.7M-33.7%	$1.1B+16.2%	$919.4M+16.5%	$789.3M+47.7%	$534.5M-22.3%	$687.5M+23.8%	$555.1M+63.1%	$340.4M+40.6%	$242.1M
Gross Profit	$105.3M	$87.8M-15.1%	$103.3M-0.1%	$103.4M-51.2%	$211.9M+19.4%	$177.5M+42.1%	$124.9M+44.6%	$86.4M-36.6%	$136.1M+35.1%	$100.8M+54.1%	$65.4M+34.7%	$48.6M
R&D Expenses	$24.8M	$23.1M+0.3%	$23.0M+13.8%	$20.2M+3.4%	$19.6M+24.7%	$15.7M+17.4%	$13.4M+20.3%	$11.1M+18.7%	$9.4M+18.4%	$7.9M+23.8%	$6.4M+32.6%	$4.8M
SG&A Expenses	$96.3M	$95.7M+20.5%	$79.4M+0.1%	$79.3M-10.4%	$88.6M+34.5%	$65.9M+16.3%	$56.6M+19.8%	$47.3M-0.4%	$47.4M+25.5%	$37.8M+34.4%	$28.1M+13.7%	$24.7M
Operating Income	-$24.0M	-$39.3M-414.0%	-$7.6M+29.9%	-$10.9M-112.7%	$85.8M+5.9%	$81.0M+95.0%	$41.6M+177.4%	$15.0M-76.6%	$64.0M+38.5%	$46.2M+93.5%	$23.9M+89.4%	$12.6M
EBITDA	N/A	-$5.8M-125.0%	$23.1M-2.4%	$23.7M-80.4%	$120.9M+13.0%	$107.0M+62.6%	$65.8M+78.6%	$36.8M-57.7%	$87.0M+48.3%	$58.7M+75.9%	$33.4M+48.1%	$22.5M
Interest Expense	$6.5M	$6.6M-28.6%	$9.3M-52.2%	$19.4M+75.3%	$11.1M+71.4%	$6.5M-26.1%	$8.7M-18.0%	$10.6M+6.6%	$10.0M+204.8%	$3.3M-25.0%	$4.4M+14.1%	$3.8M
Income Tax	$7.8M	$5.2M+88.5%	$2.8M-76.8%	$11.9M+371.4%	$2.5M-11.6%	$2.9M+389.2%	-$988K+84.7%	-$6.5M-76.1%	-$3.7M+73.6%	-$13.9M-2039.6%	-$649K+83.7%	-$4.0M
Net Income	-$40.3M	-$52.8M-153.5%	-$20.8M+51.6%	-$43.0M-159.0%	$72.8M+2.7%	$70.9M+113.0%	$33.3M+210.2%	$10.7M-81.5%	$57.9M+2.5%	$56.5M+238.8%	$16.7M+196.2%	$5.6M
EPS (Basic)	N/A	-$1.54-140.6%	-$0.64+56.5%	-$1.47-157.9%	$2.54+1.2%	$2.51+74.3%	$1.44+200.0%	$0.48-79.5%	$2.34+4.0%	$2.25+144.6%	$0.92+100.2%	-$517.68
EPS (Diluted)	-$1.17	-$1.54-140.6%	-$0.64+56.5%	-$1.47-158.6%	$2.51+2.4%	$2.45+72.5%	$1.42+202.1%	$0.47-79.6%	$2.30+7.0%	$2.15+207.1%	$0.70+100.1%	-$517.68
Diluted Shares (Avg)	N/A	34M+4.5%	33M+12.2%	29M+0.8%	29M-0.1%	29M+23.5%	23M+3.0%	23M-9.4%	25M-4.2%	26M+1232.3%	2M+6073.9%	31,875

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$294.8M+22.7%	$256.1M+4.7%	$223.6M-4.2%	$239.3M+13.3%	$240.3M+18.2%	$244.5M+21.4%	$233.3M+14.7%	$211.1M+7.3%
Cost of Revenue	$253.8M+19.1%	$223.8M+3.6%	$202.6M-1.8%	$228.2M+24.5%	$213.1M+19.9%	$215.9M+21.1%	$206.3M+12.6%	$183.3M+6.2%
Gross Profit	$41.0M+50.7%	$32.3M+13.1%	$21.0M-22.3%	$11.1M-60.2%	$27.2M+6.4%	$28.5M+24.0%	$27.0M+32.7%	$27.8M+15.5%
R&D Expenses	$7.8M+36.1%	$5.5M-5.9%	$5.6M-4.2%	$5.9M+0.4%	$5.7M-3.6%	$5.9M+9.4%	$5.8M+5.7%	$5.9M+13.2%
SG&A Expenses	$24.1M-0.6%	$22.6M+3.8%	$27.1M+34.8%	$22.5M+11.3%	$24.3M+22.5%	$21.7M+13.1%	$20.1M+2.7%	$20.2M+0.8%
Operating Income	$7.2M+248.7%	$2.1M+277.9%	-$13.8M-1005.0%	-$19.4M-4945.5%	-$4.8M-114.0%	-$1.2M+68.7%	-$1.3M+84.3%	-$385K+92.0%
EBITDA	$13.9M+407.9%	$9.7M+41.4%	-$2.9M-140.5%	-$12.4M-280.6%	$2.7M-46.6%	$6.9M+80.5%	$7.3M+491.3%	$6.9M+85.5%
Interest Expense	$1.5M-11.1%	$1.7M+1.9%	$1.7M+0.7%	$1.7M+0.9%	$1.6M-12.0%	$1.6M-59.8%	$1.7M-64.1%	$1.6M-68.1%
Income Tax	$4.4M+61.0%	$2.6M+53.8%	$132K-82.3%	$683K+311.4%	$2.7M+190.9%	$1.7M+81.8%	$745K+221.3%	$166K-61.9%
Net Income	$998K+110.6%	-$2.5M+45.8%	-$16.0M-304.8%	-$22.9M-723.2%	-$9.4M-84.0%	-$4.6M+49.3%	-$3.9M+66.9%	-$2.8M+73.4%
EPS (Basic)	$0.03+110.7%	-$0.07+46.2%	-$0.46-283.3%	-$0.67-737.5%	-$0.28-86.7%	-$0.13+56.7%	-$0.12+70.0%	-$0.08+77.8%
EPS (Diluted)	$0.03+110.7%	-$0.07+46.2%	-$0.46-283.3%	-$0.67-737.5%	-$0.28-86.7%	-$0.13+56.7%	-$0.12+70.0%	-$0.08+77.8%
Diluted Shares (Avg)	36M+6.2%	35M+1.8%	N/A	34M+1.9%	34M+1.9%	34M+13.3%	N/A	34M+15.0%

ICHR Balance Sheet

ICHR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$942.9M-5.3%	$995.6M+6.1%	$938.5M-13.4%	$1.1B+6.2%	$1.0B+31.9%	$774.2M+36.6%	$566.6M+16.7%	$485.5M-12.9%	$557.7M+97.4%	$282.5M	N/A
Current Assets	$410.1M-9.4%	$452.6M+12.8%	$401.4M-21.8%	$513.5M+11.0%	$462.8M-6.6%	$495.7M+79.0%	$276.9M+30.9%	$211.6M-24.0%	$278.5M+77.3%	$157.1M	N/A
Cash & Equivalents	$98.3M-9.6%	$108.7M+35.9%	$80.0M-7.5%	$86.5M+14.5%	$75.5M-70.1%	$252.9M+317.2%	$60.6M+38.3%	$43.8M-36.8%	$69.3M+31.6%	$52.6M	N/A
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	N/A
Inventory	$231.8M-7.3%	$250.1M+1.7%	$245.9M-13.3%	$283.7M+20.1%	$236.1M+75.2%	$134.8M+6.1%	$127.0M+4.9%	$121.1M-21.6%	$154.5M+118.0%	$70.9M	N/A
Accounts Receivable	$70.5M-18.6%	$86.6M+29.8%	$66.7M-51.1%	$136.3M-4.7%	$143.0M+41.6%	$101.0M+19.0%	$84.8M+110.6%	$40.3M-18.2%	$49.2M+86.5%	$26.4M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	N/A
Goodwill	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%	$335.4M-0.1%	$335.9M+92.1%	$174.9M+1.1%	$173.0M0.0%	$173.0M+2.1%	$169.4M+119.7%	$77.1M+10.1%	$70.0M
Total Liabilities	$279.0M-6.1%	$297.2M-20.5%	$373.8M-24.7%	$496.2M-4.6%	$520.2M+43.5%	$362.5M+5.0%	$345.1M+20.2%	$287.2M-15.8%	$340.9M+142.1%	$140.8M	N/A
Current Liabilities	$129.6M-4.5%	$135.7M+37.1%	$99.0M-40.5%	$166.3M-20.2%	$208.3M+28.6%	$162.0M-1.1%	$163.9M+86.7%	$87.8M-40.4%	$147.2M+45.7%	$101.1M	N/A
Non-Current Liabilities	$149.4M-7.5%	$161.6M-41.2%	$274.8M-16.7%	$330.0M+5.8%	$311.9M+55.6%	$200.4M+10.6%	$181.3M-9.1%	$199.4M+2.9%	$193.7M+387.2%	$39.8M	N/A
Long-Term Debt	$117.3M-3.1%	$121.0M-49.8%	$241.2M-17.7%	$293.2M+2.8%	$285.3M+48.9%	$191.5M+13.1%	$169.3M-11.9%	$192.1M+6.6%	$180.2M+375.0%	$37.9M	N/A
Total Equity	$663.9M-4.9%	$698.3M+23.7%	$564.7M-3.9%	$587.5M+17.3%	$500.7M+21.6%	$411.7M+85.9%	$221.4M+11.6%	$198.3M-8.5%	$216.8M+53.0%	$141.7M+89.7%	$74.7M
Retained Earnings	$131.1M-28.7%	$183.9M-10.2%	$204.7M-17.4%	$247.7M+41.6%	$174.9M+68.2%	$104.0M+47.1%	$70.7M+17.9%	$59.9M+2807.1%	$2.1M+103.8%	-$54.4M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.2B+20.6%	$972.5M-3.4%	$942.9M-5.3%	$966.6M-1.0%	$985.1M+3.9%	$1.0B+5.1%	$995.6M+6.1%	$975.9M-1.9%
Current Assets	$659.3M+50.1%	$442.1M-3.9%	$410.1M-9.4%	$424.9M-4.9%	$439.1M+4.9%	$459.8M+9.2%	$452.6M+12.8%	$447.1M-0.9%
Cash & Equivalents	$256.5M+178.1%	$89.1M-18.5%	$98.3M-9.6%	$92.5M-20.6%	$92.2M-19.3%	$109.3M+7.0%	$108.7M+35.9%	$116.4M+53.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$290.7M+12.1%	$252.3M-4.2%	$231.8M-7.3%	$241.7M+1.0%	$259.4M+12.1%	$263.5M+9.5%	$250.1M+1.7%	$239.4M-10.3%
Accounts Receivable	$104.7M+29.5%	$93.1M+16.5%	$70.5M-18.6%	$84.4M+0.3%	$80.8M+23.9%	$79.9M+8.8%	$86.6M+29.8%	$84.2M-18.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%	$335.4M0.0%
Total Liabilities	$322.8M+11.0%	$304.5M-0.6%	$279.0M-6.1%	$290.4M+4.2%	$290.9M+15.1%	$306.3M+17.7%	$297.2M-20.5%	$278.6M-33.9%
Current Liabilities	$178.1M+30.6%	$156.7M+5.2%	$129.6M-4.5%	$138.0M+12.2%	$136.4M+39.0%	$148.9M+47.1%	$135.7M+37.1%	$122.9M+6.3%
Non-Current Liabilities	$144.6M-6.4%	$147.8M-6.1%	$149.4M-7.5%	$152.4M-2.1%	$154.5M-0.1%	$157.3M-1.0%	$161.6M-41.2%	$155.7M-49.1%
Long-Term Debt	$114.3M-2.7%	$115.8M-2.9%	$117.3M-3.1%	$117.2M-4.5%	$117.5M-4.2%	$119.3M-4.1%	$121.0M-49.8%	$122.8M-55.0%
Total Equity	$865.5M+24.7%	$668.0M-4.6%	$663.9M-4.9%	$676.2M-3.0%	$694.1M-0.1%	$700.4M+0.4%	$698.3M+23.7%	$697.3M+21.8%
Retained Earnings	$129.6M-23.7%	$128.6M-28.3%	$131.1M-28.7%	$147.0M-21.7%	$169.9M-10.9%	$179.3M-8.4%	$183.9M-10.2%	$187.8M-13.3%

ICHR Cash Flow Statement

ICHR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$375K	$29.9M+7.2%	$27.9M-51.6%	$57.6M+83.2%	$31.5M+106.0%	$15.3M-60.1%	$38.3M-33.1%	$57.1M-5.5%	$60.5M+55.9%	$38.8M+39.9%	$27.7M+3.9%	$26.7M
Depreciation & Amortization	N/A	$33.5M+9.0%	$30.7M-11.1%	$34.6M-1.5%	$35.1M+35.0%	$26.0M+7.2%	$24.2M+10.9%	$21.9M-5.2%	$23.1M+84.4%	$12.5M+31.7%	$9.5M-4.4%	$9.9M
Stock-Based Compensation	N/A	$16.7M+7.4%	$15.6M-10.2%	$17.3M+24.5%	$13.9M+21.4%	$11.5M+16.2%	$9.9M+15.7%	$8.5M+12.7%	$7.6M+239.8%	$2.2M-30.7%	$3.2M+187.7%	$1.1M
Capital Expenditures	$25.2M	$36.2M+105.1%	$17.6M+13.8%	$15.5M-47.4%	$29.4M+41.2%	$20.8M+102.3%	$10.3M-16.5%	$12.3M-11.3%	$13.9M+69.2%	$8.2M+92.7%	$4.3M+212.2%	$1.4M
Free Cash Flow	-$25.6M	-$6.3M-161.3%	$10.2M-75.7%	$42.1M+1985.9%	$2.0M+136.3%	-$5.6M-119.9%	$28.0M-37.6%	$44.8M-3.8%	$46.6M+52.3%	$30.6M+30.3%	$23.5M-7.3%	$25.3M
Investing Cash Flow	-$25.2M	-$36.2M-105.1%	-$17.6M-13.8%	-$15.5M+46.4%	-$28.9M+90.0%	-$289.6M-1883.9%	-$14.6M+28.8%	-$20.5M-33.4%	-$15.4M+91.8%	-$186.8M-780.8%	-$21.2M-1451.0%	-$1.4M
Financing Cash Flow	$189.8M	-$4.1M-122.2%	$18.5M+138.0%	-$48.7M-675.4%	$8.5M-91.3%	$96.9M-42.5%	$168.6M+948.1%	-$19.9M+71.8%	-$70.6M-142.9%	$164.6M+650.5%	$21.9M+241.4%	-$15.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$22.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.6M-98.2%	$90.0M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$15.9M-111.4%	-$2.9M-115.4%	$9.2M+468.6%	$9.2M+14.6%	-$7.5M-142.9%	$19.0M+295.0%	-$2.5M-106.6%	$8.1M+102.4%
Depreciation & Amortization	$6.7M-11.4%	$7.7M-5.0%	$10.0M+25.9%	$7.0M-4.1%	$7.6M+2.6%	$8.1M+6.6%	$8.0M-6.6%	$7.3M-14.8%
Stock-Based Compensation	$4.5M+7.1%	$3.8M-7.0%	N/A	$4.2M-10.6%	$4.2M+7.7%	$4.1M+73.6%	N/A	$4.7M-2.1%
Capital Expenditures	$7.8M+6.5%	$7.1M-61.8%	$3.2M-26.1%	$7.1M+21.1%	$7.3M+156.1%	$18.5M+311.6%	$4.4M+94.9%	$5.9M+145.4%
Free Cash Flow	-$23.6M-59.8%	-$10.0M-2112.5%	$5.9M+186.0%	$2.1M-3.3%	-$14.8M-201.1%	$496K+58.0%	-$6.9M-119.5%	$2.2M+37.1%
Investing Cash Flow	-$7.8M-6.5%	-$7.1M+61.8%	-$3.2M+26.1%	-$7.1M-21.1%	-$7.3M-156.1%	-$18.5M-311.6%	-$4.4M-94.9%	-$5.9M-145.4%
Financing Cash Flow	$191.0M+8559.3%	$781K+573.3%	-$131K+85.3%	-$1.8M-2397.3%	-$2.3M+6.7%	$116K-99.5%	-$892K+97.1%	-$73K+99.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ICHR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ICHR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	9.3%-2.9pp	12.2%-0.6pp	12.8%-3.8pp	16.6%+0.4pp	16.2%+2.5pp	13.7%-0.3pp	13.9%-2.6pp	16.5%+1.2pp	15.4%-0.8pp	16.1%-0.6pp	16.7%
Operating Margin	-4.1%-3.2pp	-0.9%+0.4pp	-1.3%-8.0pp	6.7%-0.7pp	7.4%+2.8pp	4.5%+2.1pp	2.4%-5.4pp	7.8%+0.7pp	7.0%+1.2pp	5.9%+1.5pp	4.3%
Net Margin	-5.6%-3.1pp	-2.5%+2.8pp	-5.3%-11.0pp	5.7%-0.8pp	6.5%+2.8pp	3.6%+1.9pp	1.7%-5.3pp	7.0%-1.6pp	8.6%+4.5pp	4.1%+2.2pp	1.9%
Return on Equity	-8.0%-5.0pp	-3.0%+4.6pp	-7.6%-20.0pp	12.4%-1.8pp	14.2%+6.1pp	8.1%+3.2pp	4.9%-24.3pp	29.2%+3.1pp	26.0%+14.3pp	11.8%+4.2pp	7.5%
Return on Assets	-5.6%-3.5pp	-2.1%+2.5pp	-4.6%-11.3pp	6.7%-0.2pp	6.9%+2.6pp	4.3%+2.4pp	1.9%-10.0pp	11.9%+1.8pp	10.1%+4.2pp	5.9%	N/A
Current Ratio	3.16-0.2x	3.34-0.7x	4.06+1.0x	3.09+0.9x	2.22-0.8x	3.06+1.4x	1.69-0.7x	2.41+0.5x	1.89+0.3x	1.55	N/A
Debt-to-Equity	0.180.0x	0.17-0.3x	0.43-0.1x	0.50-0.1x	0.57+0.1x	0.47-0.3x	0.76-0.2x	0.97+0.1x	0.83+0.6x	0.27	N/A
Asset Turnover	1.01+0.2x	0.850.0x	0.86-0.3x	1.18+0.1x	1.07-0.1x	1.18+0.1x	1.10-0.6x	1.70+0.5x	1.18-0.3x	1.44	N/A
FCF Margin	-0.7%-1.9pp	1.2%-4.0pp	5.2%+5.0pp	0.2%+0.7pp	-0.5%-3.6pp	3.1%-4.2pp	7.2%+1.6pp	5.7%+1.0pp	4.7%-1.1pp	5.8%-2.9pp	8.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	13.9%+2.6pp	12.6%+0.9pp	9.4%-2.2pp	4.6%-8.5pp	11.3%-1.3pp	11.7%+0.3pp	11.6%+1.6pp	13.2%+0.9pp
Operating Margin	2.4%+4.5pp	0.8%+1.3pp	-6.2%-5.6pp	-8.1%-7.9pp	-2.0%-0.9pp	-0.5%+1.4pp	-0.5%+3.4pp	-0.2%+2.3pp
Net Margin	0.3%+4.3pp	-1.0%+0.9pp	-7.1%-5.5pp	-9.6%-8.2pp	-3.9%-1.4pp	-1.9%+2.6pp	-1.7%+4.2pp	-1.3%+4.0pp
Return on Equity	0.1%+1.5pp	-0.4%+0.3pp	-2.4%-1.8pp	-3.4%-3.0pp	-1.4%-0.6pp	-0.7%+0.6pp	-0.6%+1.5pp	-0.4%+1.4pp
Return on Assets	0.1%+1.0pp	-0.3%+0.2pp	-1.7%-1.3pp	-2.4%-2.1pp	-1.0%-0.4pp	-0.4%+0.5pp	-0.4%+0.9pp	-0.3%+0.8pp
Current Ratio	3.70+0.5x	2.82-0.3x	3.16-0.2x	3.08-0.6x	3.22-1.0x	3.09-1.1x	3.34-0.7x	3.64-0.3x
Debt-to-Equity	0.130.0x	0.170.0x	0.180.0x	0.170.0x	0.170.0x	0.170.0x	0.17-0.3x	0.18-0.3x
Asset Turnover	0.250.0x	0.260.0x	0.240.0x	0.250.0x	0.240.0x	0.240.0x	0.230.0x	0.220.0x
FCF Margin	-8.0%-1.9pp	-3.9%-4.1pp	2.6%+5.6pp	0.9%-0.1pp	-6.2%-13.4pp	0.2%0.0pp	-2.9%-20.3pp	1.0%+0.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Ichor Holdings ICHR	FY2025	$947.7M	-$52.8M	-5.6%	$1.9B	49/100
indie Semiconductor, Inc. INDI	FY2025	$217.4M	-$150.7M	-69.3%	$539.0M	46/100
Aehr Test Systems AEHR	FY2026	$50.0M	-$7.1M	-14.2%	$2.6B	39/100
Ultra Clean Holdings, Inc. UCTT	FY2025	$2.1B	-$181.2M	-8.8%	$2.9B	48/100
Cohu Inc COHU	FY2025	$453.0M	-$74.3M	-16.4%	$3.1B	40/100
Veeco Instruments Inc VECO	FY2025	$664.3M	$35.4M	5.3%	$3.0B	57/100

Where Ichor Holdings Ranks

Frequently Asked Questions

What is Ichor Holdings's annual revenue?

Ichor Holdings (ICHR) reported $947.7M in total revenue for fiscal year 2025. This represents a 11.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ichor Holdings's revenue growing?

Ichor Holdings (ICHR) revenue grew by 11.6% year-over-year, from $849.0M to $947.7M in fiscal year 2025.

Is Ichor Holdings profitable?

No, Ichor Holdings (ICHR) reported a net income of -$52.8M in fiscal year 2025, with a net profit margin of -5.6%.

What is Ichor Holdings's EBITDA?

Ichor Holdings (ICHR) had EBITDA of -$5.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ichor Holdings have?

As of fiscal year 2025, Ichor Holdings (ICHR) had $98.3M in cash and equivalents against $117.3M in long-term debt.

What is Ichor Holdings's gross margin?

Ichor Holdings (ICHR) had a gross margin of 9.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ichor Holdings's operating margin?

Ichor Holdings (ICHR) had an operating margin of -4.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ichor Holdings's net profit margin?

Ichor Holdings (ICHR) had a net profit margin of -5.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ichor Holdings's return on equity (ROE)?

Ichor Holdings (ICHR) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ichor Holdings's free cash flow?

Ichor Holdings (ICHR) recorded an outflow of $6.3M in free cash flow during fiscal year 2025. This represents a -161.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ichor Holdings's operating cash flow?

Ichor Holdings (ICHR) generated $29.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ichor Holdings's total assets?

Ichor Holdings (ICHR) had $942.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ichor Holdings's capital expenditures?

Ichor Holdings (ICHR) invested $36.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ichor Holdings spend on research and development?

Ichor Holdings (ICHR) invested $23.1M in research and development during fiscal year 2025.

How many shares does Ichor Holdings have outstanding?

Ichor Holdings (ICHR) had 35M shares outstanding as of fiscal year 2025.

What is Ichor Holdings's current ratio?

Ichor Holdings (ICHR) had a current ratio of 3.16 as of fiscal year 2025, which is generally considered healthy.

What is Ichor Holdings's debt-to-equity ratio?

Ichor Holdings (ICHR) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ichor Holdings's return on assets (ROA)?

Ichor Holdings (ICHR) had a return on assets of -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ichor Holdings's P/E ratio?

Ichor Holdings (ICHR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 26, 2026). The market capitalization is $1.9B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ichor Holdings's price-to-sales ratio?

Ichor Holdings (ICHR) trades at 1.9x sales, its market capitalization divided by revenue of $1.0B revenue, trailing 12 months to June 26, 2026. The market capitalization is $1.9B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ichor Holdings's Altman Z-Score?

Ichor Holdings (ICHR) has an Altman Z-Score of 5.57, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Ichor Holdings's Piotroski F-Score?

Ichor Holdings (ICHR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ichor Holdings's earnings high quality?

Ichor Holdings (ICHR) reported a net loss of $52.8M while generating $29.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ichor Holdings cover its interest payments?

Ichor Holdings (ICHR) reported an operating loss of $39.3M against $6.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ichor Holdings?

Ichor Holdings (ICHR) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.