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Ichor Holdings vs T1 Energy

Ichor Holdings is the larger business, with $948m of revenue in fiscal 2025 against $755m for T1 Energy (1.3 times as much). T1 Energy grew faster (25572.8% against 11.6%). Ichor Holdings kept more of each dollar of sales as profit: a net margin of -5.6% against -48.7%. Ichor Holdings carries less debt relative to equity (18.8% against 167.0%).

Latest fiscal yearIchor HoldingsICHR, 2025T1 EnergyTE, 2025
Revenue $948m $755m
Revenue growth 11.6% 25572.8%
Net income −$52.8m −$368m
Operating margin -4.1% -31.1%
Net margin -5.6% -48.7%
Return on equity -7.7% -167.5%
Free cash flow −$6.3m $16.7m
Cash $98.3m $182m
Total debt $125m $418m
Debt to equity 18.8% 167.0%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees — 562
Market value $1.35bn $807m
Price vs our value range — —
Moat score 35 (Weak) —
Insider trades, 12 months 2 buys, 28 sales 0 buys, 5 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.