Shareholders being diluted. Shares outstanding up 30% from December 2022 to July 2026.
Ichor had 30% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Ichor had 30% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Operating margin at a 6-year low.-4.1% in 2025, the weakest of the last 6 years.
Ichor's operating margin fell to -4.1% in 2025, its lowest in the 6 years of filings we have.
Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $998K profit in the quarter to June 2026.
Ichor reported a net loss over the last twelve months, but its most recent quarter was profitable ($998K). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.
More volatile share price. Beta 1.79: tends to move more than the market.
Ichor's shares have swung more with the market than most peers' (beta 1.79, above the market's 1.0).
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-2.9%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225
EBITDA yield0.7%
SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.99Sector median: 0.0423 · MAD: 0.0361
Free cash flow yield-1.9%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Ichor
Is Ichor getting weaker?
Its latest SEC filing (Aug 4, 2026) got weaker in some ways: share count up 7.8%. Its overall score is unchanged at 32/100 since Oct 28, 2026.
How is Ichor valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,711 technology peers.Earnings yield -2.9% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -2.9% vs peers 2.2% (weaker than 100% of peers).
Is Ichor growing?
More slowly than most of its peers. Growth scores 29/100 against 1,711 technology peers.3-year revenue growth -1.7% vs a peer median of 4.8% (weaker than 72% of peers).3-year revenue growth -1.7% vs peers 4.8% (weaker than 72% of peers).
How profitable is Ichor?
Less profitable than most of its peers. Profitability scores 20/100 against 1,711 technology peers.Return on assets -3.4% vs a peer median of 2.9% (weaker than 86% of peers).Return on assets -3.4% vs peers 2.9% (weaker than 86% of peers).
How risky is Ichor?
Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings.Current ratio 3.70× vs a peer median of 1.83× (stronger than 83% of peers).Current ratio 3.70× vs peers 1.83× (stronger than 83% of peers).Beta 1.79 vs a peer median of 0.87 (weaker than 90% of peers).Beta 1.79 vs peers 0.87 (weaker than 90% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 26, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 27, 2026
Got weaker
Share count up 7.8% (existing holders diluted)
Previous quarter
Latest quarter
Change
Revenue (12 months)
959.3M USD
1.0B USD
+5.7%
Net income (12 months)
−50.7M USD
−40.3M USD
−20.5%
Operating margin
-3.8%
-2.4%
+1.4 pts
Free cash flow (12 months)
−16.8M USD
−25.6M USD
+52.8%
Debt
122.0M USD
120.6M USD
−1.2%
Cash
89.1M USD
256.5M USD
+187.9%
Shares outstanding
34.8M
37.5M
+7.8%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Valuations in Semiconductor Equipment & Materials are near the top of their range since Feb 2021.
84% of months since Feb 2021 were valued lower than now.
81% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is +95% vs the whole market, against a usual +84%.
Feb 2021Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since Feb 2021; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
16.2%
16.6%
12.7%
12.2%
9.3%
▼ 2.9 pts
Operating margin
7.4%
6.7%
-1.3%
-0.9%
-4.1%
▼ 3.2 pts
Net margin
6.5%
5.7%
-5.3%
-2.5%
-5.6%
▼ 3.1 pts
Return on assets (ROA)
6.9%
6.7%
-4.6%
-2.1%
-5.6%
▼ 3.5 pts
Return on equity (ROE)
14.2%
12.4%
-7.6%
-3.0%
-8.0%
▼ 5.0 pts
Free cash flow margin
-0.5%
0.2%
5.2%
1.2%
-0.7%
▼ 1.9 pts
Current ratio
2.22×
3.09×
4.06×
3.34×
3.16×
▼ 5.1%
Quick ratio
1.09×
1.38×
1.57×
1.49×
1.38×
▼ 7.8%
Debt to equity
0.58×
0.51×
0.44×
0.18×
0.19×
▲ 1.1%
Interest coverage
12.56×
7.76×
-0.56×
-0.82×
-5.93×
▼ 619%
ICHR price history
Price history is added with the daily price update and will appear after the next one.