📊 ICHR Key Takeaways
Is Ichor Holdings, Ltd.. (ICHR) a Good Investment?
Despite 11.6% revenue growth, ICHR is deeply unprofitable with negative operating cash flow (-$2.9M) and severely negative free cash flow (-$10M), indicating a structural inability to convert top-line growth into cash generation. The company cannot cover interest expenses (0.5x coverage) and is destroying shareholder value with negative ROE/ROA, suggesting fundamental operational or margin compression issues that require urgent resolution.
Revenue grew 11.6% YoY, but profitability deteriorated with negative operating and net margins, indicating a cyclical or mix-driven margin trough. The balance sheet is strong with low leverage and solid liquidity, providing runway to execute and stabilize cash flows. An upgrade would require clear evidence of gross margin improvement and sustained positive free cash flow.
Why Buy Ichor Holdings, Ltd.. Stock? ICHR Key Strengths
- Revenue growth of 11.6% YoY demonstrates market demand
- Conservative balance sheet with low leverage (0.18x Debt/Equity)
- Strong liquidity position with $89.1M cash and 2.82x current ratio
- Robust liquidity (3.16x current ratio, ample cash)
- Low leverage (0.19x D/E) with manageable long-term debt
- Positive YoY revenue growth and positive operating cash flow
ICHR Stock Risks: Ichor Holdings, Ltd.. Investment Risks
- Critically negative free cash flow (-$10M) indicates cash burn despite top-line growth, suggesting severe working capital or operational efficiency issues
- Operating income cannot cover interest expenses (0.5x interest coverage ratio), creating financial distress risk
- Unprofitable operations (-1.0% net margin) with extremely thin operating margins (0.8%) indicate pricing power or cost structure problems
- Negative operating cash flow (-$2.9M) demonstrates the company cannot fund operations organically; at current burn rate, cash runway is limited to ~9 quarters
- Quality of growth is questionable given revenue growth does not translate to profitability or positive cash generation
- Margin pressure (9.3% gross, negative operating/net margins)
- Negative interest coverage suggests vulnerability if losses persist
- Slightly negative free cash flow amid capital intensity/working capital swings
Key Metrics to Watch
- Operating Cash Flow trend and path to positive OCF
- Gross Margin expansion and pricing power recovery
- Interest Coverage ratio improvement to sustainable levels
- Free Cash Flow generation and cash runway depletion rate
- Days Sales Outstanding and working capital efficiency
- Gross margin trajectory
- Free cash flow margin
Ichor Holdings, Ltd.. (ICHR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.82x current ratio provides a solid financial cushion.
ICHR Profit Margin, ROE & Profitability Analysis
ICHR vs Technology Sector: How Ichor Holdings, Ltd.. Compares
How Ichor Holdings, Ltd.. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Ichor Holdings, Ltd.. Stock Overvalued? ICHR Valuation Analysis 2026
Based on fundamental analysis, Ichor Holdings, Ltd.. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Ichor Holdings, Ltd.. Balance Sheet: ICHR Debt, Cash & Liquidity
ICHR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Ichor Holdings, Ltd..'s revenue has declined by 14% over the 5-year period, indicating business contraction. The most recent EPS of $-1.47 indicates the company is currently unprofitable.
ICHR Revenue Growth, EPS Growth & YoY Performance
ICHR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $244.5M | -$2.5M | $-0.07 |
| Q3 2025 | $211.1M | -$2.8M | $-0.08 |
| Q2 2025 | $203.2M | -$5.1M | $-0.15 |
| Q1 2025 | $201.4M | -$4.6M | $-0.13 |
| Q3 2024 | $196.8M | -$2.8M | $-0.08 |
| Q2 2024 | $185.0M | -$5.1M | $-0.15 |
| Q1 2024 | $201.4M | -$5.0K | $0.00 |
| Q3 2023 | $196.8M | -$10.4M | $-0.36 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Ichor Holdings, Ltd.. Dividends, Buybacks & Capital Allocation
ICHR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Ichor Holdings, Ltd.. (CIK: 0001652535)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ICHR
What is the AI rating for ICHR?
Ichor Holdings, Ltd.. (ICHR) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (HOLD) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ICHR's key strengths?
Claude: Revenue growth of 11.6% YoY demonstrates market demand. Conservative balance sheet with low leverage (0.18x Debt/Equity). ChatGPT: Robust liquidity (3.16x current ratio, ample cash). Low leverage (0.19x D/E) with manageable long-term debt.
What are the risks of investing in ICHR?
Claude: Critically negative free cash flow (-$10M) indicates cash burn despite top-line growth, suggesting severe working capital or operational efficiency issues. Operating income cannot cover interest expenses (0.5x interest coverage ratio), creating financial distress risk. ChatGPT: Margin pressure (9.3% gross, negative operating/net margins). Negative interest coverage suggests vulnerability if losses persist.
What is ICHR's revenue and growth?
Ichor Holdings, Ltd.. reported revenue of $256.1M.
Does ICHR pay dividends?
Ichor Holdings, Ltd.. does not currently pay dividends.
Where can I find ICHR SEC filings?
Official SEC filings for Ichor Holdings, Ltd.. (CIK: 0001652535) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ICHR's EPS?
Ichor Holdings, Ltd.. has a diluted EPS of $-0.07.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ICHR a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Ichor Holdings, Ltd.. has a SELL rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is ICHR stock overvalued or undervalued?
Valuation metrics for ICHR: ROE of -0.4% (sector avg: 22%), net margin of -1.0% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy ICHR stock in 2026?
Our dual AI analysis gives Ichor Holdings, Ltd.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ICHR's free cash flow?
Ichor Holdings, Ltd..'s operating cash flow is $-2.9M, with capital expenditures of $7.1M. FCF margin is -3.9%.
How does ICHR compare to other Technology stocks?
Vs Technology sector averages: Net margin -1.0% (avg: 18%), ROE -0.4% (avg: 22%), current ratio 2.82 (avg: 2.5).