TTM Technologies, Inc. (TTMI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.9	$0.99	+10.0%	—	$1B	—
Q1 26	$0.67	$0.75	+11.9%	—	$846M	—
Q4 25	$0.68	$0.7	+2.9%	—	$774.3M	—
Q3 25	$0.6	$0.67	+11.7%	—	$752.7M	—
Q2 25	$0.52	$0.58	+11.5%	—	$730.6M	—
Q1 25	$0.4	$0.5	+25.0%	—	$648.7M	—
Q4 24	$0.47	$0.6	+27.7%	—	$651M	—
Q3 24	$0.41	$0.41	0.0%	—	$616.5M	—
Q2 24	$0.34	$0.39	+14.7%	—	$605.1M	—
Q1 24	$0.27	$0.31	+14.8%	—	$570.1M	—
Q4 23	$0.36	$0.41	+13.9%	—	$569M	—
Q3 23	$0.28	$0.43	+53.6%	—	$572.6M	—
Q2 23	$0.2	$0.32	+60.0%	—	$546.5M	—
Q1 23	$0.19	$0.18	-5.3%	—	$544.4M	—
Q4 22	$0.38	$0.41	+7.9%	—	$617.2M	—
Q3 22	$0.43	$0.56	+30.2%	—	$671.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.73	—	—	$2.9B	—
FY24	—	$0.55	—	—	$2.4B	—
FY23	—	-$0.18	—	—	$2.2B	—
FY22	—	$0.93	—	—	$2.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.5B	$2.7B	$2.2B	$2.1B	$2.1B	$2.2B	$2.5B	$2.2B	$2.4B	$2.9B
YoY change	+20.9%	+4.94%	-15.8%	-4.67%	-1.31%	+6.81%	+11%	-10.5%	+9.41%	+19%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.5B	2.7B	2.2B	2.1B	2.1B	2.2B	2.5B	2.2B	2.4B	2.9B
Cost of revenue	2.1B	2.2B	1.8B	1.8B	1.7B	1.9B	2B	1.8B	2B	2.3B
Gross profit	423.6M	429.6M	402.7M	377.2M	359M	372M	458M	413.3M	477.4M	601.7M
Gross margin	16.7%	16.2%	18%	17.7%	17.1%	16.5%	18.4%	18.5%	19.5%	20.7%
Research & development	—	—	13.7M	17.9M	19.8M	18.1M	24.8M	27.3M	31.8M	29M
Selling, general & administrative	213.6M	192M	208.3M	198.5M	186.4M	187.9M	233.4M	226.6M	250.1M	277.6M
Operating expenses	213.6M	192M	222.1M	216.4M	206.1M	206M	258.2M	253.8M	282M	306.6M
Operating income	185.8M	213.9M	123.6M	115M	114.1M	130.2M	162.7M	110.8M	159.8M	267.5M
Operating margin	7.33%	8.05%	5.52%	5.39%	5.42%	5.79%	6.52%	4.96%	6.54%	9.21%
Non-operating income, net	-42.7M	-20.1M	-682K	1.4M	-87.2M	-14.7M	65.7M	-62.3M	-28.4M	-11.9M
Pretax income	67M	140M	47.2M	34.3M	-46.3M	70.1M	182.9M	297K	83.9M	210.3M
Income tax	31.4M	15.2M	-88.2M	2.4M	-29.9M	15.6M	88.3M	19M	27.6M	32.9M
Net income	35.6M	124.7M	173.6M	41.3M	177.5M	54.4M	94.6M	-18.7M	56.3M	177.4M
Net margin	1.4%	4.69%	7.76%	1.94%	8.43%	2.42%	3.79%	-0.84%	2.3%	6.11%
EBITDA	383.6M	370.3M	353.3M	341.7M	279M	262.3M	314.6M	277.5M	325.4M	405.7M
EPS	0.35	1.22	1.68	0.39	1.67	0.51	0.93	-0.18	0.55	1.73
Diluted EPS	0.34	1.04	1.38	0.39	1.67	0.5	0.91	-0.18	0.54	1.68

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	572.6M	569M	570.1M	605.1M	616.5M	651M	648.7M	730.6M	752.7M	774.3M	846M	1B
Cost of revenue	459.3M	453.7M	466.4M	487.9M	486.6M	524.4M	517.7M	582.5M	596M	608.5M	664.8M	792.2M
Gross profit	113.3M	115.4M	103.7M	117.2M	129.9M	126.5M	131M	148.1M	156.7M	165.9M	181.2M	211.9M
Gross margin	19.8%	20.3%	18.2%	19.4%	21.1%	19.4%	20.2%	20.3%	20.8%	21.4%	21.4%	21.1%
Research & development	6.2M	7.6M	7.3M	8.5M	8.1M	7.9M	8.1M	7M	7M	6.9M	7.8M	8M
Selling, general & administrative	57.7M	56.5M	64M	58.4M	62.5M	65.2M	65M	71M	70.4M	71.1M	93.7M	87.6M
Operating expenses	63.9M	64.1M	71.3M	66.9M	70.6M	73.2M	73.1M	78M	77.4M	78M	101.5M	95.6M
Operating income	38M	39.9M	21M	40M	52.4M	46.5M	51M	63.2M	72.4M	81M	72.7M	109.4M
Operating margin	6.63%	7.01%	3.68%	6.61%	8.49%	7.14%	7.86%	8.65%	9.62%	10.5%	8.6%	10.9%
Non-operating income, net	-45.1M	-8.6M	5.4M	2.7M	-15.6M	-20.9M	1.5M	-6.6M	-203K	-6.6M	-3.6M	-17.7M
Pretax income	-17.3M	17.9M	14.1M	30.5M	25M	14.3M	41M	45.5M	61.8M	62M	58.5M	81.2M
Income tax	19.8M	546K	3.6M	4.2M	10.7M	9.2M	8.8M	4M	8.8M	11.3M	8.5M	-1.8M
Net income	-37.1M	17.3M	10.5M	26.4M	14.3M	5.2M	32.2M	41.5M	53.1M	50.7M	50M	83M
Net margin	-6.47%	3.05%	1.84%	4.35%	2.32%	0.79%	4.96%	5.68%	7.05%	6.55%	5.91%	8.27%
EBITDA	78.7M	75.4M	68.8M	82.6M	75.3M	98.7M	89.3M	94.9M	109.5M	112M	107.9M	147.2M
EPS	-0.36	—	0.1	0.26	0.14	0.05	0.32	0.41	0.51	0.49	0.48	0.8
Diluted EPS	-0.36	—	0.1	0.25	0.14	0.05	0.31	0.4	0.5	0.48	0.47	0.77

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.4B	1.6B	1B	1.6B	1.5B	1.6B	1.5B	1.6B	2.5B	7.1B	13.1B
Enterprise value	2.1B	2.2B	2.2B	2.7B	1.9B	2B	2.1B	2.2B	3B	7.6B	14.2B
Shares outstanding	100.1M	101.6M	103.4M	105.2M	106.4M	106.3M	102.1M	102.7M	101.8M	102.6M	102.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	38.4	12.8	5.79	38.3	8.27	29.1	16.3	—	44.7	39.9	54.1
P/S	0.54	0.6	0.45	0.74	0.7	0.7	0.62	0.73	1.03	2.44	3.75
P/B	1.65	1.57	0.82	1.24	1.02	1.09	1	1.08	1.61	4.02	6.79
EV/EBITDA	5.55	5.84	6.34	7.89	6.76	7.66	6.67	7.91	9.31	18.7	29.1
EV/Sales	0.84	0.81	1	1.26	0.9	0.89	0.84	0.98	1.24	2.62	4.21
Earnings yield	2.61%	7.84%	17.3%	2.61%	12.1%	3.44%	6.14%	—	2.23%	2.51%	1.85%
FCF yield	15.6%	11.4%	12.2%	10.7%	12.5%	5.98%	11%	1.66%	2.03%	-0.01%	-0.15%
PEG	—	—	—	—	—	—	—	—	—	—	0.57

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.7%	16.2%	18%	17.7%	17.1%	16.5%	18.4%	18.5%	19.5%	20.7%	21.1%
Operating margin	7.33%	8.05%	5.52%	5.39%	5.42%	5.79%	6.52%	4.96%	6.54%	9.21%	10.9%
Net margin	1.4%	4.69%	7.76%	1.94%	8.43%	2.42%	3.79%	-0.84%	2.3%	6.11%	7.01%
ROE	4.29%	12.3%	14.1%	3.23%	12.3%	3.74%	6.16%	-1.24%	3.6%	10.1%	13.3%
ROA	1.42%	4.48%	5.02%	1.16%	6.13%	1.8%	2.85%	-0.56%	1.62%	4.62%	5.25%
ROIC	6.19%	12.1%	5.02%	4.47%	6.13%	5.38%	4.02%	0%	5.17%	9.86%	11.9%
Return on tangible assets	2.37%	6.81%	14.8%	2.76%	16.8%	4.28%	7.71%	-1.3%	3.22%	8.1%	8.45%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.7	1.79	1.42	2.41	2.52	1.96	2.03	1.99	1.93	1.78
Quick ratio	1.08	1.29	1.63	1.3	2.19	2.29	1.74	1.73	1.71	1.67	1.54
Debt / equity	1.23	0.97	1.22	1.17	0.6	0.66	0.63	0.67	0.65	0.58	0.57
Debt / assets	0.41	0.35	0.43	0.42	0.3	0.32	0.29	0.31	0.29	0.27	0.25
Net debt / EBITDA	1.99	1.54	3.5	3.25	1.49	1.62	1.78	2.05	1.57	1.3	1.25
Interest coverage	1.88	3.6	1.62	1.42	0.37	2.54	5.02	1.01	2.77	5.64	7.01
Effective tax rate	46.9%	10.9%	0%	7.01%	0%	22.3%	48.3%	100%	32.9%	15.6%	10.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	25.3	26.2	21.7	20.3	19.8	21.2	24.4	21.7	24	28.3	32.6
EPS (basic)	0.35	1.22	1.68	0.39	1.67	0.51	0.93	-0.18	0.55	1.73	1.73
EPS (diluted)	0.34	1.04	1.38	0.39	1.67	0.5	0.91	-0.18	0.54	1.68	2.22
Book value per share	8.28	9.96	11.9	12.2	13.6	13.7	15	14.7	15.4	17.2	17.7
FCF per share	2.13	1.79	1.19	1.61	1.73	0.89	1.67	0.26	0.5	-0.01	-0.14
Cash per share	2.56	4.03	2.48	3.61	4.25	5.06	3.95	4.38	4.95	4.89	4.82
Capex per share	0.81	1.22	1.45	1.29	0.96	0.76	0.95	0.95	1.44	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.22%	4.67%	6.69%	6.37%	4.87%	3.58%	3.88%	4.39%	5.98%	—	—
Capex / operating cash flow	31.6%	40.4%	53%	44.4%	22.8%	46.2%	29.8%	59.1%	74%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$572.6M	$569M	$570.1M	$605.1M	$616.5M	$651M	$648.7M	$730.6M	$752.7M	$774.3M	$846M	$1B
YoY change	-14.7%	-7.8%	+4.72%	+10.7%	+7.68%	+14.4%	+13.8%	+20.7%	+22.1%	+18.9%	+30.4%	+37.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	256.3M	409.3M	256.4M	379.8M	451.6M	537.7M	402.7M	450.2M	503.9M	501.2M
Receivables	432.8M	483.9M	523.2M	503.6M	381.1M	386.3M	473.2M	413.6M	448.6M	563.7M
Inventory	269.2M	294.6M	109.4M	113.8M	115.7M	127.6M	170.6M	213.1M	225M	250.1M
Total current assets	1B	1.2B	1.2B	1.3B	1.2B	1.4B	1.5B	1.4B	1.6B	1.9B
Property, plant & equipment	529.8M	550.5M	517.9M	318.4M	276.2M	257.2M	299.7M	381.8M	432.4M	456.8M
Goodwill & intangibles	998.4M	951M	2.3B	2.1B	1.8B	1.8B	2.1B	1.9B	1.7B	1.7B
Total assets	2.5B	2.8B	3.5B	3.6B	2.9B	3B	3.3B	3.3B	3.5B	3.8B
Accounts payable	371.6M	497.5M	431.3M	329.9M	327.1M	361.5M	361.8M	334.6M	406.2M	543.5M
Short-term debt	110.7M	4.6M	30M	250M	8.1M	6.4M	57.4M	11.9M	11.4M	12.7M
Total current liabilities	689.1M	720.4M	673.2M	946.7M	518M	558.1M	761.3M	704M	809.1M	962.2M
Long-term debt	909M	975.5M	1.5B	1.2B	860.1M	957.4M	905.2M	1B	1B	1B
Total liabilities	1.7B	1.8B	2.2B	2.3B	1.5B	1.6B	1.8B	1.8B	1.9B	2.1B
Shareholders' equity	829.1M	1B	1.2B	1.3B	1.4B	1.5B	1.5B	1.5B	1.6B	1.8B
Total debt	1B	980.1M	1.5B	1.5B	868.2M	963.7M	962.6M	1B	1B	1B
Net debt	763.4M	570.7M	1.2B	1.1B	416.6M	426.1M	559.9M	569.6M	511.3M	527.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	408.3M	450.2M	440.4M	446.2M	469.5M	503.9M	411.3M	448M	491.1M	501.2M	410M	507.9M
Receivables	390.9M	413.6M	367.5M	400.7M	422.9M	448.6M	496.2M	495.4M	500.1M	563.7M	618.1M	720.1M
Inventory	206.2M	213.1M	220.5M	216.9M	227.9M	225M	246.8M	250.3M	253.7M	250.1M	280.2M	308M
Total current assets	1.4B	1.4B	1.4B	1.5B	1.5B	1.6B	1.6B	1.7B	1.8B	1.9B	1.9B	2.2B
Property, plant & equipment	448.9M	381.8M	389.6M	408.4M	425.2M	432.4M	442.4M	475.6M	518.4M	456.8M	539.2M	633.7M
Goodwill & intangibles	1.9B	1.9B	1.9B	1.8B	1.8B	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B
Total assets	3.3B	3.3B	3.3B	3.3B	3.4B	3.5B	3.5B	3.6B	3.7B	3.8B	4B	4.4B
Accounts payable	336.1M	334.6M	348.9M	371.2M	387.1M	406.2M	395.1M	448.1M	506.4M	543.5M	607.9M	813M
Short-term debt	10.5M	11.9M	11M	10.8M	11.4M	11.4M	11.7M	12.1M	12.1M	12.7M	14.1M	14M
Total current liabilities	688.3M	704M	671.2M	712.1M	763.3M	809.1M	764.5M	827.8M	905.2M	962.2M	1B	1.3B
Long-term debt	959.9M	1B	1B	1B	1B	1B	1B	1B	1B	1B	1B	1.1B
Total liabilities	1.8B	1.8B	1.8B	1.8B	1.9B	1.9B	1.9B	1.9B	2B	2.1B	2.1B	2.5B
Shareholders' equity	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B	1.7B	1.8B	1.8B	1.9B
Total debt	970.4M	1B	1B	1B	1B	1B	1B	1B	1B	1B	1B	1.1B
Net debt	562.1M	569.6M	574.6M	566.5M	551.2M	511.3M	608.4M	579.6M	534.3M	527.2M	639.3M	595.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	35.6M	124.7M	173.6M	41.3M	177.5M	54.4M	94.6M	-18.7M	56.3M	177.4M
Depreciation & amortization	180.5M	174.4M	225.7M	219.9M	166.1M	127.3M	133.9M	160.7M	150.1M	147.2M
Stock-based compensation	11.1M	18.3M	20.7M	16.8M	16.1M	17.7M	19.5M	22.9M	29.8M	41.7M
Change in working capital	15.1M	-21.9M	-49.8M	28.7M	64.9M	-27.4M	18.4M	10.5M	-37.2M	-61.8M
Operating cash flow	257.6M	307.3M	282.8M	306.4M	450.7M	174.3M	324.7M	165.8M	197.4M	291.9M
Capital expenditure	-81.5M	-124.1M	-149.8M	-136M	-102.6M	-80.5M	-96.9M	-98M	-146.1M	—
Investing cash flow	-78M	-124.1M	-746.2M	-136M	404.3M	-84.1M	-395.5M	-92M	-146.2M	17.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	0	0	-64.7M	-35.4M	-24.4M	-34.5M	-17.9M
Financing cash flow	-218.9M	-59M	320.9M	-31.8M	-642.3M	-4M	-10.4M	-47.7M	-36.8M	-21.2M
Net change in cash	-39.2M	124.2M	-142.5M	138.6M	212.7M	86.1M	-81.2M	26.1M	14.4M	288.6M
Free cash flow	213.2M	181.4M	123M	169.4M	183.9M	94.7M	170M	27M	51.2M	-683K

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-37.1M	17.3M	10.5M	26.4M	14.3M	5.2M	32.2M	41.5M	53.1M	50.7M	50M	83M
Depreciation & amortization	37.6M	38.9M	38.5M	38.8M	37.1M	35.8M	36.1M	36.9M	36.8M	37.4M	38.5M	40.3M
Stock-based compensation	6.4M	6.2M	6.8M	6.6M	8.3M	8.1M	8.8M	9.2M	11.6M	12.1M	24.4M	13.3M
Change in working capital	-21.6M	-1.4M	3.1M	-16.4M	-37.4M	13.5M	-71.4M	-1.8M	16.1M	-29.8M	-74.2M	-30.4M
Operating cash flow	-12.9M	49.1M	59M	46.8M	33.2M	58.4M	8.3M	97.8M	141.8M	62.9M	21.7M	96.4M
Capital expenditure	-33.7M	-46M	-42.6M	-10M	-40.9M	-52.8M	-63.2M	—	—	—	—	—
Investing cash flow	-33.7M	-46M	-42.6M	-10M	-40.9M	-52.8M	-63.2M	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-14.6M	-9.8M	-9.3M	-25.1M	0	0	-17.9M	0	0	0	0	0
Financing cash flow	-15.5M	40.2M	-11.1M	-26M	0	1.4M	-18.8M	-948K	-950K	-1.9M	-6.2M	-147.4M
Net change in cash	-62M	43.3M	5.4M	10.8M	-7.6M	7M	-73.7M	96.9M	140.9M	61M	15.5M	-51M
Free cash flow	25.2M	1.4M	-5.4M	2.4M	24.2M	30M	-74M	37.4M	42.4M	-6.5M	-85.1M	34.1M

TTM Technologies, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement