Company Analysis

Ichor Holdings (ICHR)

Nasdaq: ICHR · Semiconductors & Related Devices · Fremont, CA · filing with the SEC since 2015
Grade4.2
◀ Past 5.6● Present 4.0▶ Future 3.1

The grade of Ichor Holdings

Nine metrics read from its own filings, by tense
Headline grade
4.2/10
◀ Past5.630% of the headline
● Present4.040% of the headline
▶ Future3.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.6/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

Ichor Holdings' filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.7/10

What has it actually done, year after year?

+9.9% a year over 10 filed years; profitable in 7 of 10.

weight 45% of this tense · 57th percentile among 93 sector filers · read for its customers

From the record

Ichor Holdings' 10 filed years say what it did: revenue went from $406 million in fiscal 2016 to $948 million in fiscal 2025, up 9.9% a year; it rose in 7 of 9 years; the deepest fall was 37% from fiscal 2022 to fiscal 2023; net income was positive in 7 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.9%top 34% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profittop 47% of its family
  • the deepest fall from a revenue peak36.6%bottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.3/10

How has it treated the people who own it?

Share count grew 5.7% a year. 0% of cash flow returned. Insiders: 28 sales, 2 purchases.

weight 22% of this tense · 23rd percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-26, Ichor Holdings' diluted share count grew about 5.7% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 28 sales (17 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-10-05, buying about $298 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 31% of its family
  • cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.0/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.4/10

Is it financially healthy right now?

ROE -8%: lost 8¢ per shareholder dollar. Leverage 30%: owes 30¢ per asset dollar.

weight 45% of this tense · 34th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-26, Ichor Holdings lost about 8 cents for every dollar of shareholders' money, and gross profitability: its products earned about 9 cents per dollar of everything the company owns. Leverage: it owed about 30 cents per dollar of assets, and net share issuance: its share count grew 4.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 43% of its family
  • return on equitybottom 25% of its family
  • gross profit against assetsbottom 21% of its family
  • the share count against the year beforebottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 97 in its family; net margin -5.6%.

weight 33% of this tense · 39th percentile among 97 sector filers · read for its customers

From the record

Ichor Holdings' standing among 97 graded names in its industry family: revenue of $948 million in fiscal 2025 ranks in the top 42% by size; a net margin of -5.6% ranks in the bottom 39%; revenue growth of -9.6% a year over the last 3 filed years ranks in the bottom 21% (its annual reports).

What it rests on

  • revenue against the family$948Mtop 42% of its family
  • net margin-5.6%bottom 39% of its family
  • three-year revenue growth-9.6%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.5/10

What are the people in charge doing?

top 46% of 67 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 54th percentile among 67 sector filers · read for its shareholders

From the record

Ichor Holdings' leadership, from its insiders' filings and its current reports: the chief executive on the record is Barros, Philip Ryan Sr. (Chief Executive Officer, as filed), filing under that title since 2025-12-03, 11 months (bottom 11% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 7.7 years (top 34%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 11 peopletop 14% of its family
  • the median years the people in charge have filed7.7 yearstop 34% of its family
  • the chief executive's years on the record11 monthsbottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.0/10

How much room does it have to grow?

bottom 20% of 94 in its family for room to expand.

weight 45% of this tense · 20th percentile among 94 sector filers · read for itself

From the record

Ichor Holdings' room to grow, from the newest filed statements (fiscal 2025): cash of $98 million against debt of $124 million leaves -2.7% of its assets as net cash, bottom 26% of its family; cash from operations less capital spending is -0.7% of revenue (bottom 38%); a gross margin of 9.3% (bottom 12%); research spending of 2.4% of revenue (bottom 6%) (its annual report).

What it rests on

  • cash less debt against assets-2.7%bottom 26% of its family
  • cash from operations less capital spending against revenue-0.7%bottom 38% of its family
  • gross margin9.3%bottom 12% of its family
  • research spending against revenue2.4%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.2/10

What could actually drive growth from here?

bottom 42% of 93 in its family for growth drivers.

weight 33% of this tense · 42nd percentile among 93 sector filers · read for its customers

From the record

Ichor Holdings' growth drivers, from the filed years to fiscal 2025: revenue grew -9.6% a year over the last three filed years against 9.9% over all 10, slowing (bottom 17% of its family); the newest year grew 11.7% (top 48%); research spending grew 5.7% a year (top 50%); capital spending grew 7.1% a year (bottom 48%) (its annual reports). Ichor Holdings tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-19.5 points a yearbottom 17% of its family
  • the newest year's revenue growth11.7%top 48% of its family
  • three-year growth of research spending5.7%top 50% of its family
  • three-year growth of capital spending7.1%bottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.6/10

Did its newest year beat what its own record pointed to?

bottom 36% of 88 in its family for expectations against reality.

weight 22% of this tense · 36th percentile among 88 sector filers · read for its shareholders

From the record

Ichor Holdings' newest year against its own record: revenue of $948 million in fiscal 2025 came in 37.1% above the $691 million its prior three years' pace pointed to (top 31% of its family); net income of $53 million against a prior three-year average of $3 million (bottom 1%); a net margin of -5.6% against -0.7% before (bottom 39%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace37.1%top 31% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 1% of its family
  • net margin against its prior average-4.9 pointsbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ICHR · research, not advice