Forensic Analysis · Technology / Software · as of Jun 27, 2026
ICHOR HOLDINGS, LTD. (ICHR)
A forensic read on ICHOR HOLDINGS, LTD. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.6
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-7.5%
ROE
$3.3B
Market cap
ICHOR HOLDINGS, LTD. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 4.6, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-4%Return on invested capital.Return on invested capital is -4% and slipping from 10% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+6.1%/yrShare-count dilution.Diluted share count changed +18% over the last 3 years to FY2025 (+6.1%/yr). The count is GROWING — existing holders are being diluted. That's ~6.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~18%.
Key fundamentals
Net Margin-5.6%
Debt / Equity0.19x
Free Cash Flow$-6.3M
Latest Revenue$947.7M
Return on Equity-8.0%
Revenue Growth YoY+11.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on ICHOR HOLDINGS, LTD.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about ICHR's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown