# Ichor Holdings (ICHR) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $56.38, market value $2.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ichor Holdings reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -1.2%** (5-yr avg 0.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 10.4%**. Ichor Holdings keeps 10.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -2.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -5.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -8.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -2.7%**. Return on all capital, debt included, is -2.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.3%**. Each dollar of assets produces -4.3% of profit.

## Growth
- **Revenue growth (1 yr): 11.6%** (3-yr -9.5%/yr, 5-yr 0.7%/yr). Revenue grew 11.6% over the last year, against 0.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -140.6%**. Earnings per share fell 140.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.19**. Debt is 0.19 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 3.0×**. It would take 3.0 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 6.39**. A Z-score of 6.39 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Ichor Holdings does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 241.1%** (YTD 205.9%, 3-mo -10.4%). The shares are up 241.1% over twelve months including dividends.
- **From 52-week high: -50.4%** (301.0% above the low). Trading 50% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 4.09** (volatility 98%). Beta of 4.09 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ICHR · Page: https://foliofundamentals.com/stocks/ichr

Not investment advice.