NASDAQ : ICHR
Ichor Holdings, Ltd. — Financial statements
Technology · Semiconductor Equipment & Materials · United States
Last price 42.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.59B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ichor Holdings, Ltd. (ICHR) reported revenue of 1.10B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.10B | 947.65M | 849.04M | 811.12M | 1.28B | 1.10B |
| Cost of Revenue | 932.24M | 835.24M | 744.80M | 707.72M | 1.07B | 919.44M |
| Gross Profit | 170.91M | 112.42M | 104.24M | 103.40M | 211.86M | 177.48M |
| Selling, General & Admin | 87.85M | 88.15M | 79.38M | 79.33M | 88.57M | 65.86M |
| Research & Development | 24.73M | 23.09M | 23.02M | 20.22M | 19.56M | 15.69M |
| Amortization of Goodwill & Intangibles | 7.94M | 8.31M | 8.57M | 14.73M | 17.91M | 14.92M |
| Operating Expenses | 120.52M | 119.55M | 110.97M | 114.29M | 126.04M | 96.47M |
| Operating Income | 50.40M | -7.13M | -6.73M | -10.89M | 85.82M | 81.01M |
| Interest Expense | -5.76M | -7.12M | -9.27M | -19.38M | -11.06M | -6.45M |
| Other Non Operating Income (Expenses) | -362.00K | -974.00K | -1.15M | -804.00K | 563.00K | -807.00K |
| EBT Excluding Unusual Items | 44.28M | -15.22M | -17.15M | -31.08M | 75.33M | 73.76M |
| Merger & Restructuring Charges | -30.74M | -30.74M | -908.00K | |||
| Asset Writedown | -1.40M | -1.40M | ||||
| Other Unusual Items | -200.00K | -200.00K | ||||
| Pretax Income | 11.94M | -47.57M | -18.05M | -31.08M | 75.33M | 73.76M |
| Income Tax Expense | 8.42M | 5.21M | 2.77M | 11.91M | 2.53M | 2.86M |
| Earnings From Continuing Operations | 3.52M | -52.78M | -20.82M | -42.98M | 72.80M | 70.90M |
| Net Income | 3.52M | -52.78M | -20.82M | -42.98M | 72.80M | 70.90M |
| Net Income to Common | 3.52M | -52.78M | -20.82M | -42.98M | 72.80M | 70.90M |
| Shares Outstanding (Basic) | 35.47M | 34.23M | 32.76M | 29.20M | 28.71M | 28.26M |
| Shares Outstanding (Diluted) | 36.02M | 34.23M | 32.76M | 29.20M | 28.96M | 28.98M |
| EPS (Basic) | 0.10 | -1.54 | -0.64 | -1.47 | 2.54 | 2.51 |
| EPS (Diluted) | 0.10 | -1.54 | -0.64 | -1.47 | 2.51 | 2.45 |
| Free Cash Flow | -67.24M | -6.28M | 10.24M | 42.14M | 2.02M | -5.57M |
| Free Cash Flow Per Share | -1.87 | -0.18 | 0.31 | 1.44 | 0.07 | -0.19 |
| Gross Margin | 15.49% | 11.86% | 12.28% | 12.75% | 16.55% | 16.18% |
| Operating Margin | 4.57% | -0.75% | -0.79% | -1.34% | 6.71% | 7.39% |
| Profit Margin | 0.32% | -5.57% | -2.45% | -5.30% | 5.69% | 6.46% |
| Free Cash Flow Margin | -6.09% | -0.66% | 1.21% | 5.20% | 0.16% | -0.51% |
| EBITDA | 81.09M | 24.68M | 22.81M | 22.58M | 120.92M | 107.01M |
| EBITDA Margin | 7.35% | 2.60% | 2.69% | 2.78% | 9.45% | 9.75% |
| D&A For EBITDA | 30.70M | 31.80M | 29.54M | 33.48M | 35.10M | 25.99M |
| EBIT | 50.40M | -7.13M | -6.73M | -10.89M | 85.82M | 81.01M |
| EBIT Margin | 4.57% | -0.75% | -0.79% | -1.34% | 6.71% | 7.39% |
| Effective Tax Rate | 70.55% | 3.35% | 3.87% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 213.50M | 98.29M | 108.67M | 79.95M | 86.47M | 75.50M |
| Cash & Short-Term Investments | 213.50M | 98.29M | 108.67M | 79.95M | 86.47M | 75.50M |
| Receivables | 140.61M | 70.51M | 86.62M | 66.72M | 136.32M | 142.99M |
| Inventory | 330.24M | 231.79M | 250.10M | 245.88M | 283.66M | 236.13M |
| Prepaid Expenses | 18.51M | 9.53M | 7.23M | 8.80M | 7.01M | 8.15M |
| Total Current Assets | 702.86M | 410.13M | 452.62M | 401.37M | 513.46M | 462.77M |
| Property, Plant & Equipment | 135.89M | 138.97M | 139.33M | 129.37M | 138.61M | 114.99M |
| Goodwill | 335.40M | 335.40M | 335.40M | 335.40M | 335.40M | 335.90M |
| Other Intangible Assets | 34.54M | 52.80M | 59.92M | 65.39M | 80.12M | 101.53M |
| Long-Term Deferred Tax Assets | 4.45M | 4.34M | 4.32M | 3.15M | 11.32M | 8.12M |
| Other Long-Term Assets | 13.34M | 1.24M | 3.98M | 3.81M | 4.83M | -2.43M |
| Total Assets | 1.23B | 942.88M | 995.56M | 938.48M | 1.08B | 1.02B |
| Accounts Payable | 136.01M | 84.01M | 91.72M | 60.49M | 110.17M | 159.73M |
| Accrued Expenses | 24.99M | 17.48M | 15.99M | 14.87M | 23.62M | 19.07M |
| Current Portion of Long-Term Debt | 6.25M | 6.25M | 7.50M | 7.50M | 7.50M | 7.50M |
| Current Portion of Leases | 11.99M | 11.25M | 11.49M | 9.46M | 9.20M | 7.63M |
| Other Current Liabilities | 18.17M | 10.60M | 8.96M | 6.64M | 15.81M | 14.38M |
| Total Current Liabilities | 197.40M | 129.59M | 135.67M | 98.96M | 166.29M | 208.30M |
| Long-Term Debt | 112.82M | 117.28M | 121.02M | 241.18M | 293.22M | 285.25M |
| Long-Term Leases | 20.68M | 25.41M | 34.19M | 28.19M | 31.83M | 22.35M |
| Long-Term Deferred Tax Liabilities | 2.55M | 1.96M | 1.55M | 1.17M | 29.00K | 38.00K |
| Other Long-Term Liabilities | 5.10M | 4.75M | 4.79M | 4.30M | 4.88M | 4.21M |
| Total Liabilities | 338.56M | 278.99M | 297.23M | 373.80M | 496.25M | 520.16M |
| Common Stock | 4.00K | 3.00K | 3.00K | 3.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 737.38M | 624.39M | 606.06M | 451.58M | 431.42M | 417.44M |
| Retained Earnings | 150.55M | 131.07M | 183.85M | 204.67M | 247.66M | 174.85M |
| Treasury Stock | -91.58M | -91.58M | -91.58M | -91.58M | -91.58M | |
| Total Common Equity | 887.93M | 663.89M | 698.34M | 564.68M | 587.50M | 500.71M |
| Shareholders' Equity | 887.93M | 663.89M | 698.34M | 564.68M | 587.50M | 500.71M |
| Total Liabilities & Equity | 1.23B | 942.88M | 995.56M | 938.48M | 1.08B | 1.02B |
| Total Debt | 151.74M | 160.19M | 174.21M | 286.33M | 341.74M | 322.74M |
| Net Cash (Debt) | 61.76M | -61.90M | -65.54M | -206.38M | -255.27M | -247.25M |
| Net Cash Per Share | 1.71 | -1.81 | -2.00 | -7.07 | -8.81 | -8.53 |
| Filing Date Shares Outstanding | 37.56M | 34.64M | 34.00M | 29.54M | 29.01M | 28.59M |
| Total Common Shares Outstanding | 37.56M | 34.43M | 33.86M | 29.44M | 28.86M | 28.55M |
| Working Capital | 505.46M | 280.54M | 316.95M | 302.40M | 347.17M | 254.47M |
| Book Value Per Share | 23.64 | 19.28 | 20.62 | 19.18 | 20.36 | 17.54 |
| Tangible Book Value | 517.99M | 275.68M | 303.02M | 163.89M | 171.97M | 63.29M |
| Tangible Book Value Per Share | 13.79 | 8.01 | 8.95 | 5.57 | 5.96 | 2.22 |
| Machinery | 142.99M | 125.50M | 115.25M | 92.25M | 82.41M | |
| Construction In Progress | 21.95M | 12.61M | 4.22M | 19.87M | 8.56M | |
| Leasehold Improvements | 48.95M | 48.49M | 46.13M | 43.13M | 36.71M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.52M | -52.78M | -20.82M | -42.98M | 72.80M | 70.90M |
| Depreciation & Amortization | 30.70M | 31.80M | 29.54M | 33.48M | 35.10M | 25.99M |
| Other Amortization | 2.01M | 2.13M | 1.67M | 1.56M | 465.00K | 883.00K |
| Loss (Gain) From Sale of Assets | 1.28M | 475.00K | -504.00K | |||
| Asset Writedown & Restructuring Costs | 21.26M | 21.97M | ||||
| Stock-Based Compensation | 15.31M | 16.73M | 15.58M | 17.34M | 13.92M | 11.47M |
| Other Operating Activities | -18.05M | 554.00K | -782.00K | 9.31M | -3.21M | -642.00K |
| Change in Accounts Receivable | -56.21M | 16.11M | -19.90M | 69.60M | 6.67M | -33.45M |
| Change in Inventory | -91.66M | -1.50M | -4.22M | 37.77M | -47.53M | -89.25M |
| Change in Accounts Payable | 41.90M | -6.38M | 29.11M | -50.97M | -50.17M | 38.65M |
| Change in Other Net Operating Assets | 11.50M | 785.00K | -2.30M | -17.48M | 3.41M | -8.78M |
| Operating Cash Flow | -38.45M | 29.89M | 27.88M | 57.63M | 31.45M | 15.27M |
| Capital Expenditures | -28.79M | -36.17M | -17.64M | -15.50M | -29.43M | -20.84M |
| Sale of Property, Plant & Equipment | 504.00K | |||||
| Cash Acquisitions | 500.00K | -268.77M | ||||
| Investment in Securities | -484.00K | |||||
| Investing Cash Flow | -28.79M | -36.17M | -17.64M | -15.50M | -28.93M | -289.58M |
| Long-Term Debt Issued | 57.00M | 25.00M | 231.77M | |||
| Long-Term Debt Repaid | -61.38M | -120.62M | -52.50M | -17.50M | -139.05M | |
| Net Debt Issued (Repaid) | -4.69M | -4.38M | -120.62M | -52.50M | 7.50M | 92.71M |
| Issuance of Common Stock | 202.52M | 5.63M | 144.54M | 7.52M | 3.77M | 9.66M |
| Repurchase of Common Stock | -9.60M | -4.13M | -5.44M | -3.67M | -2.81M | -3.62M |
| Other Financing Activities | -1.22M | -1.85M | ||||
| Financing Cash Flow | 188.24M | -4.10M | 18.47M | -48.65M | 8.46M | 96.91M |
| Net Cash Flow | 121.00M | -10.38M | 28.71M | -6.51M | 10.97M | -177.40M |
| Free Cash Flow | -67.24M | -6.28M | 10.24M | 42.14M | 2.02M | -5.57M |
| Free Cash Flow Margin | -6.09% | -0.66% | 1.21% | 5.20% | 0.16% | -0.51% |
| Free Cash Flow Per Share | -1.87 | -0.18 | 0.31 | 1.44 | 0.07 | -0.19 |
| Levered Free Cash Flow | -49.61M | 33.11M | 31.29M | 55.94M | -16.50M | -35.34M |
| Unlevered Free Cash Flow | -46.32M | 37.13M | 36.61M | 67.59M | -10.06M | -32.19M |
| Cash Interest Paid | 7.18M | 8.50M | 11.65M | 20.37M | 10.59M | 7.12M |
| Cash Income Tax Paid | 2.60M | 3.01M | 3.33M | 3.88M | 3.29M | 5.64M |
| Change in Working Capital | -94.47M | 9.01M | 2.70M | 38.92M | -87.62M | -92.83M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.38B | 651.58M | 1.06B | 988.05M | 772.48M | 1.31B |
| Enterprise Value | 1.32B | 722.20M | 1.11B | 1.23B | 1.05B | 1.25B |
| Last Close Price | 36.84 | 18.95 | 31.37 | 33.63 | 26.82 | 46.03 |
| PE Ratio | 371.88 | 10.61 | 18.45 | |||
| Forward PE | 12.08 | 56.84 | 26.46 | 57.49 | 10.08 | 11.54 |
| PS Ratio | 1.25 | 0.69 | 1.25 | 1.22 | 0.60 | 1.19 |
| PB Ratio | 1.56 | 0.98 | 1.51 | 1.75 | 1.31 | 2.61 |
| P/TBV Ratio | 2.66 | 2.36 | 3.49 | 6.03 | 4.49 | 20.66 |
| P/FCF Ratio | 103.30 | 23.45 | 382.42 | |||
| P/OCF Ratio | 21.80 | 37.96 | 17.14 | 24.56 | 85.63 | |
| PEG Ratio | 0.17 | 0.81 | 0.59 | 0.90 | 0.90 | 0.90 |
| EV/Sales Ratio | 1.19 | 0.76 | 1.30 | 1.52 | 0.82 | 1.14 |
| EV/EBITDA Ratio | 16.25 | 29.27 | 48.59 | 54.49 | 8.72 | 11.72 |
| EV/EBIT Ratio | 26.15 | 12.29 | 15.48 | |||
| EV/FCF Ratio | 108.20 | 29.20 | 522.11 | |||
| Debt / Equity Ratio | 0.17 | 0.24 | 0.25 | 0.51 | 0.58 | 0.65 |
| Debt / EBITDA Ratio | 1.64 | 4.46 | 5.31 | 8.88 | 2.64 | 2.86 |
| Debt / FCF Ratio | 17.01 | 6.79 | 169.18 | |||
| Net Debt / Equity Ratio | -0.07 | 0.09 | 0.09 | 0.36 | 0.43 | 0.49 |
| Net Debt / EBITDA Ratio | -0.76 | 2.51 | 2.87 | 9.14 | 2.11 | 2.31 |
| Net Debt / FCF Ratio | 0.92 | -9.85 | 6.40 | 4.90 | 126.37 | -44.41 |
| Asset Turnover | 1.01 | 0.98 | 0.88 | 0.80 | 1.22 | 1.22 |
| Inventory Turnover | 3.26 | 3.47 | 3.00 | 2.67 | 4.11 | 4.96 |
| Quick Ratio | 1.79 | 1.30 | 1.44 | 1.48 | 1.34 | 1.05 |
| Current Ratio | 3.56 | 3.17 | 3.34 | 4.06 | 3.09 | 2.22 |
| Return on Equity (ROE) | 0.45% | -7.75% | -3.30% | -7.46% | 13.38% | 15.54% |
| Return on Assets (ROA) | 2.87% | -0.46% | -0.43% | -0.67% | 5.10% | 5.64% |
| Return on Invested Capital (ROIC) | 1.87% | -0.96% | -0.88% | -1.35% | 10.43% | 13.94% |
| Return on Capital Employed (ROCE) | 4.90% | -0.90% | -0.80% | -1.30% | 9.40% | 10.00% |
| Earnings Yield | 0.27% | -8.10% | -1.97% | -4.35% | 9.43% | 5.42% |
| FCF Yield | -4.87% | -0.96% | 0.97% | 4.26% | 0.26% | -0.43% |
| Buyback Yield / Dilution | -5.71% | -4.49% | -12.19% | -0.82% | 0.06% | -23.53% |