FORM vs. BRC

Last updated Jun 3, 2026

FORM (FormFactor, Inc.) and BRC (Brady Corporation) are both stocks. FORM operates in Semiconductors (Technology), while BRC operates in Security & Protection Services (Industrials). Over the past 10 years, FORM returned 32.72%/yr vs 12.52%/yr for BRC. At a 0.39 correlation, their price movements are largely independent.

Performance

FORM vs. BRC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FormFactor, Inc. (FORM) and Brady Corporation (BRC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FORM achieves a 124.29% return, which is significantly higher than BRC's 12.35% return. Over the past 10 years, FORM has outperformed BRC with an annualized return of 32.72%, while BRC has yielded a comparatively lower 12.52% annualized return.

FORM

• 1D: 8.73%
• 1M: -8.92%
• YTD: 124.29%
• 6M: 123.25%
• 1Y: 316.76%
• 3Y*: 58.37%
• 5Y*: 30.30%
• 10Y*: 32.72%

BRC

• 1D: 0.55%
• 1M: 6.54%
• YTD: 12.35%
• 6M: 12.48%
• 1Y: 27.62%
• 3Y*: 22.87%
• 5Y*: 10.55%
• 10Y*: 12.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FORM vs. BRC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FORM FormFactor, Inc.	124.29%	26.77%	5.49%	87.63%	-51.38%	6.28%	65.65%	84.32%	-9.97%	39.73%
BRC Brady Corporation	12.35%	7.60%	27.69%	26.91%	-10.91%	3.75%	-6.00%	34.10%	17.14%	3.23%

Correlation

The correlation between FORM and BRC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 13, 2003	0.39

Fundamentals

Market Cap FORM : $9.94B BRC : $4.19B
EPS FORM : $0.87 BRC : $4.39
PE Ratio FORM : 143.58 BRC : 19.94
PS Ratio FORM : 11.68 BRC : 2.58
PB Ratio FORM : 9.38 BRC : 3.11
Total Revenue (TTM) FORM : $839.78M BRC : $1.62B
Gross Profit (TTM) FORM : $332.34M BRC : $828.93M
EBITDA (TTM) FORM : $97.87M BRC : $300.10M

Return for Risk

FORM vs. BRC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FORM

FORM Risk / Return Rank: 97
FORM Sharpe Ratio Rank: 98
FORM Sortino Ratio Rank: 95
FORM Omega Ratio Rank: 94
FORM Calmar Ratio Rank: 98
FORM Martin Ratio Rank: 98

BRC

BRC Risk / Return Rank: 67
BRC Sharpe Ratio Rank: 69
BRC Sortino Ratio Rank: 72
BRC Omega Ratio Rank: 68
BRC Calmar Ratio Rank: 61
BRC Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FORM vs. BRC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FormFactor, Inc. (FORM) and Brady Corporation (BRC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FORM	BRC	Difference
Sharpe ratio Return per unit of total volatility	4.68	0.94	+3.74
Sortino ratio Return per unit of downside risk	4.08	1.87	+2.21
Omega ratio Gain probability vs. loss probability	1.56	1.22	+0.34
Calmar ratio Return relative to maximum drawdown	12.37	1.04	+11.33
Martin ratio Return relative to average drawdown	29.55	3.33	+26.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FORM vs. BRC - Sharpe Ratio Comparison

The current FORM Sharpe Ratio is 4.68, which is higher than the BRC Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of FORM and BRC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FORM	BRC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.68	0.94	+3.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.42	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.45	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.34	-0.16

Drawdowns

FORM vs. BRC - Drawdown Comparison

The maximum FORM drawdown since its inception was -92.36%, which is greater than BRC's maximum drawdown of -65.62%. Use the drawdown chart below to compare losses from any high point for FORM and BRC.

Drawdown Indicators

	FORM	BRC	Difference
Max Drawdown Largest peak-to-trough decline	-92.36%	-65.62%	-26.74%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-26.12%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-62.75%	-26.12%	-36.63%
Max Drawdown (5Y) Largest decline over 5 years	-62.75%	-30.06%	-32.69%
Max Drawdown (10Y) Largest decline over 10 years	-64.42%	-36.21%	-28.21%
Current Drawdown Current decline from peak	-19.33%	-8.87%	-10.46%
Average Drawdown Average peak-to-trough decline	-51.52%	-14.41%	-37.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.80%	8.13%	+2.67%

Volatility

FORM vs. BRC - Volatility Comparison

FormFactor, Inc. (FORM) has a higher volatility of 24.66% compared to Brady Corporation (BRC) at 19.33%. This indicates that FORM's price experiences larger fluctuations and is considered to be riskier than BRC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FORM	BRC	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.66%	19.33%	+5.33%
Volatility (6M) Calculated over the trailing 6-month period	48.37%	24.02%	+24.35%
Volatility (1Y) Calculated over the trailing 1-year period	68.20%	29.41%	+38.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.61%	25.40%	+30.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.12%	27.64%	+25.48%

Dividends

FORM vs. BRC - Dividend Comparison

FORM has not paid dividends to shareholders, while BRC's dividend yield for the trailing twelve months is around 1.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRC Brady Corporation	1.11%	1.23%	1.28%	1.58%	1.92%	1.64%	1.65%	1.49%	1.92%	2.17%	2.16%	3.49%
FORM FormFactor, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

FORM vs. BRC - Profitability Comparison

The chart below illustrates the profitability comparison between FormFactor, Inc. and Brady Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FORM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FormFactor, Inc. reported a gross profit of 86.79M and revenue of 226.14M. Therefore, the gross margin over that period was 38.4%.

BRC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brady Corporation reported a gross profit of 225.47M and revenue of 435.24M. Therefore, the gross margin over that period was 51.8%.

FORM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FormFactor, Inc. reported an operating income of 16.65M and revenue of 226.14M, resulting in an operating margin of 7.4%.

BRC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brady Corporation reported an operating income of 73.21M and revenue of 435.24M, resulting in an operating margin of 16.8%.

FORM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FormFactor, Inc. reported a net income of 20.38M and revenue of 226.14M, resulting in a net margin of 9.0%.

BRC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brady Corporation reported a net income of 57.80M and revenue of 435.24M, resulting in a net margin of 13.3%.

Frequently Asked Questions

Can I hold both FORM and BRC in my portfolio?

FORM and BRC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FORM or BRC?

FORM has higher volatility (24.66%) compared to BRC (19.33%). In terms of maximum drawdown, FORM dropped -92.36% vs BRC's -65.62%.

Which has better risk-adjusted returns?

FORM currently has the higher Sharpe Ratio (4.68 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.