Ultra Clean Holdings, Inc. (UCTT) 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 %
Q1 26	$0.26	$0.31	+19.2%	—	$533.7M	—
Q4 25	$0.23	$0.22	-4.3%	—	$506.7M	—
Q3 25	$0.22	$0.28	+27.3%	—	$510M	—
Q2 25	$0.27	$0.27	0.0%	—	$518.8M	—
Q1 25	$0.31	$0.28	-9.7%	—	$518.6M	—
Q4 24	$0.44	$0.51	+15.9%	—	$563.3M	—
Q3 24	$0.33	$0.35	+6.1%	—	$540.4M	—
Q2 24	$0.26	$0.32	+23.1%	—	$516.1M	—
Q1 24	$0.13	$0.27	+107.7%	—	$477.7M	—
Q4 23	$0.12	$0.19	+58.3%	—	$444.7M	—
Q3 23	$0.1	$0.04	-60.0%	—	$435M	—
Q2 23	$0.25	$0.16	-36.0%	—	$421.5M	—
Q1 23	$0.23	$0.17	-26.1%	—	$433.3M	—
Q4 22	$0.77	$0.93	+20.8%	—	$566.4M	—
Q3 22	$1.06	$1.06	0.0%	—	$635M	—
Q2 22	$1.03	$1.04	+1.0%	—	$608.7M	—

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	—	-$4	—	—	$2.1B	—
FY24	—	$0.53	—	—	$2.1B	—
FY23	—	-$0.7	—	—	$1.7B	—
FY22	—	$0.89	—	—	$2.4B

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	$562.8M	$924.4M	$1.1B	$1.1B	$1.4B	$2.1B	$2.4B	$1.7B	$2.1B	$2.1B
YoY change	+20%	+64.3%	+18.6%	-2.76%	+31.2%	+50.3%	+13%	-26.9%	+20.9%	-2.08%

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	562.8M	924.4M	1.1B	1.1B	1.4B	2.1B	2.4B	1.7B	2.1B	2.1B
Cost of revenue	476M	756.7M	920.7M	869.4M	1.1B	1.7B	1.9B	1.5B	1.7B	1.7B
Gross profit	86.8M	167.7M	175.8M	196.8M	291.8M	430M	465M	277.3M	356.3M	322.9M
Gross margin	15.4%	18.1%	16%	18.5%	20.9%	20.5%	19.6%	16%	17%	15.7%
Research & development	9.9M	11.7M	13.3M	14.6M	14.8M	24.5M	28.5M	28.3M	28.3M	32M
Selling, general & administrative	54.5M	66.5M	101.8M	152.3M	155.6M	219.8M	238.7M	213.8M	236.8M	247.2M
Operating expenses	64.4M	78.2M	115.1M	166.9M	170.4M	244.3M	267.2M	242.1M	265.1M	279.2M
Operating income	22.4M	89.5M	60.7M	29.9M	121.4M	185.7M	197.8M	35.2M	91.2M	43.7M
Operating margin	3.98%	9.68%	5.54%	2.8%	8.68%	8.84%	8.33%	2.03%	4.35%	2.13%
Non-operating income, net	—	-400K	1.3M	-2.4M	-5.7M	-7.6M	-76.5M	-1.8M	17.7M	-155M
Pretax income	18.9M	87M	52.3M	2.3M	99.7M	154.3M	88.3M	-11.3M	67.2M	-145.7M
Income tax	8.9M	11.9M	15.3M	10M	19.3M	27.9M	37.9M	10.9M	32.7M	25.9M
Net income	10.1M	75.1M	37M	-7.7M	80.4M	126.4M	50.4M	-22.2M	34.5M	-171.6M
Net margin	1.79%	8.12%	3.37%	-0.72%	5.75%	6.01%	2.12%	-1.28%	1.64%	-8.35%
EBITDA	34.1M	99.9M	83.4M	69.5M	161.4M	246M	268M	99.2M	189.8M	119.7M
EPS	0.31	2.25	0.95	-0.24	1.93	2.75	0.89	-0.7	0.53	-4
Diluted EPS	0.3	2.19	0.94	-0.24	1.89	2.69	0.88	-0.7	0.52	-4

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	435M	444.7M	477.7M	516.1M	540.4M	563.3M	518.6M	518.8M	510M	506.7M	533.7M	644.9M
Cost of revenue	369.8M	373.7M	395.1M	427.6M	447M	471.5M	434.6M	439.3M	427.8M	429.4M	449.3M	541.2M
Gross profit	65.2M	71M	82.6M	88.5M	93.4M	91.8M	84M	79.5M	82.2M	77.3M	84.4M	103.7M
Gross margin	15%	16%	17.3%	17.1%	17.3%	16.3%	16.2%	15.3%	16.1%	15.3%	15.8%	16.1%
Research & development	7.4M	6.6M	7M	7.1M	7.1M	7.1M	7.6M	7.8M	7.8M	8.8M	8.5M	8.8M
Selling, general & administrative	52.1M	59.9M	58.3M	58.5M	61.1M	58.8M	63.5M	62.4M	63.8M	57.6M	64.5M	65.4M
Operating expenses	59.5M	66.5M	65.3M	65.6M	68.2M	65.9M	71.1M	70.2M	71.6M	66.4M	73M	74.2M
Operating income	5.7M	4.5M	17.3M	22.9M	25.2M	25.9M	12.9M	9.3M	10.6M	10.9M	11.4M	29.5M
Operating margin	1.31%	1.01%	3.62%	4.44%	4.66%	4.6%	2.49%	1.79%	2.08%	2.15%	2.14%	4.57%
Non-operating income, net	-2.1M	-1M	-3.8M	17.4M	-4.1M	8.4M	800K	-153.3M	-1.2M	-1.4M	-1.3M	600K
Pretax income	-7.5M	-7.8M	2.7M	30M	10.2M	24.5M	4.9M	-153.3M	600K	2M	4.2M	30M
Income tax	5.3M	-6.2M	9.9M	8.5M	9.9M	4.5M	7.4M	7.2M	8.7M	2.6M	19.2M	18.1M
Net income	-12.8M	-1.6M	-7.2M	21.5M	300K	20M	-2.5M	-160.5M	-8.1M	-600K	-15M	11.9M
Net margin	-2.94%	-0.36%	-1.51%	4.17%	0.06%	3.55%	-0.48%	-30.9%	-1.59%	-0.12%	-2.81%	1.85%
EBITDA	20M	22M	34.1M	60.5M	41.2M	54.3M	33.8M	26.6M	29.5M	29.7M	30.7M	50.4M
EPS	-0.32	-0.08	-0.21	0.43	-0.05	0.36	-0.11	-3.58	-0.24	-0.07	-0.4	0.19
Diluted EPS	-0.32	-0.08	-0.21	0.42	-0.05	0.36	-0.11	-3.58	-0.24	-0.07	-0.4	0.19

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	316.5M	771.4M	—	926.3M	1.3B	2.5B	1.5B	1.5B	1.6B	1.1B	3.5B
Enterprise value	331.8M	755.4M	—	1.1B	1.4B	2.7B	1.8B	1.9B	2B	1.5B	4.1B
Shares outstanding	32.6M	33.4M	38.4M	39.5M	40.2M	43.5M	45.2M	44.7M	44.9M	45.3M	45.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	31.5	10.3	—	—	15.6	19.7	29.7	—	46.8	—	39.9
P/S	0.56	0.83	—	0.87	0.9	1.19	0.63	0.88	0.77	0.56	1.56
P/B	1.46	2.57	—	2.05	2.27	2.79	1.6	1.7	1.72	1.46	5.45
EV/EBITDA	9.72	7.56	—	15.8	8.45	10.8	6.53	18.7	10.3	12.4	29.6
EV/Sales	0.59	0.82	—	1.03	0.98	1.27	0.74	1.07	0.93	0.73	1.87
Earnings yield	3.18%	9.74%	—	—	6.42%	5.07%	3.36%	—	2.14%	—	2.51%
FCF yield	3.25%	4.25%	—	10.2%	4.86%	6.1%	-3.53%	3.94%	0.09%	1.33%	-2.33%
PEG	—	—	—	—	—	—	—	—	—	—	-0.38

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	15.4%	18.1%	16%	18.5%	20.9%	20.5%	19.6%	16%	17%	15.7%	16.1%
Operating margin	3.98%	9.68%	5.54%	2.8%	8.68%	8.84%	8.33%	2.03%	4.35%	2.13%	4.57%
Net margin	1.79%	8.12%	3.37%	-0.72%	5.75%	6.01%	2.12%	-1.28%	1.64%	-8.35%	-1.07%
ROE	4.65%	25%	8.2%	-1.7%	14.6%	14.2%	5.38%	-2.47%	3.69%	-21.9%	-1.55%
ROA	2.64%	13.3%	3.83%	-0.76%	7.29%	6.24%	2.57%	-1.19%	1.8%	-9.92%	2.13%
ROIC	5.13%	27.2%	6.62%	0%	14.8%	14.3%	9.49%	2.86%	3.65%	3.88%	0%
Return on tangible assets	7.38%	22.8%	13.3%	-2.43%	18.3%	12.7%	4.63%	-2.45%	3.38%	-14.5%	-0.84%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.35	1.97	3.32	2.22	2.71	2.42	2.82	2.88	2.89	3.19	2.73
Quick ratio	1.32	0.82	1.99	1.4	1.81	1.62	1.68	1.67	1.76	1.89	1.25
Debt / equity	0.31	0.17	0.76	0.74	0.57	0.71	0.65	0.71	0.71	0.83	1.08
Debt / assets	0.18	0.09	0.35	0.33	0.28	0.31	0.31	0.34	0.34	0.38	0.4
Net debt / EBITDA	0.45	-0.16	2.36	2.47	0.69	0.69	0.94	3.36	1.83	2.86	3.71
Interest coverage	—	40.5	6.23	1.09	6.9	7.38	3.6	0.77	2.45	-2.8	2.38
Effective tax rate	47%	13.7%	29.3%	100%	19.4%	18.1%	42.9%	0%	48.7%	0%	100%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.2	27.7	28.6	27	34.8	48.3	52.5	38.8	46.7	45.3	48.5
EPS (basic)	0.31	2.25	0.95	-0.24	1.93	2.75	0.89	-0.7	0.53	-4	-4
EPS (diluted)	0.3	2.19	0.94	-0.24	1.89	2.69	0.88	-0.7	0.52	-4	-0.5
Book value per share	6.62	8.99	11.8	11.5	13.7	20.5	20.7	20.1	20.8	17.3	14
FCF per share	0.32	0.98	0.41	2.4	1.52	3.5	-1.17	1.34	0.03	0.34	-2.45
Cash per share	1.61	2.04	3.76	4.12	4.98	10.7	7.94	6.87	6.99	6.88	5.65
Capex per share	0.22	0.48	0.68	0.49	0.74	1.19	2.2	1.65	1.41	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.29%	1.74%	2.38%	1.81%	2.13%	2.46%	4.19%	4.24%	3.03%	—	—
Capex / operating cash flow	48.7%	35.1%	69.4%	18.1%	38.6%	26.6%	-297.3%	55.2%	68.4%	—	—
Payout ratio	—	0%	0%	-7.79%	0%	0%	—	—	1.45%	-0.06%	0%
Dividend yield	—	0%	—	0.06%	0%	0%	—	—	0.03%	0.01%	0.01%

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	$435M	$444.7M	$477.7M	$516.1M	$540.4M	$563.3M	$518.6M	$518.8M	$510M	$506.7M	$533.7M	$644.9M
YoY change	-31.5%	-21.5%	+10.2%	+22.4%	+24.2%	+26.7%	+8.56%	+0.52%	-5.63%	-10%	+2.91%	+24.3%

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	52.5M	68.3M	144.1M	162.5M	200.3M	466.5M	358.8M	307M	313.9M	311.8M
Receivables	74.7M	90.2M	107M	112.7M	145.5M	250.1M	253.7M	180.8M	241.1M	208.8M
Inventory	103.9M	236.8M	186.1M	172.4M	180.4M	379.2M	443.9M	374.5M	381M	390.9M
Total current assets	237.4M	407.4M	462.9M	467M	545.1M	1.1B	1.1B	893.2M	970.1M	959.7M
Property, plant & equipment	18.9M	32.2M	111.3M	143.3M	159.8M	273.6M	320M	422.9M	434.7M	427.5M
Goodwill & intangibles	244.5M	233.7M	687.4M	702.8M	663.2M	1B	873.4M	961M	900.4M	542M
Total assets	380.7M	563.4M	965.5M	1B	1.1B	2B	2B	1.9B	1.9B	1.7B
Accounts payable	71.2M	173.5M	99M	133.1M	121.3M	332.9M	253.5M	192.9M	212.5M	194.9M
Short-term debt	16.8M	12.4M	9.7M	22M	19.1M	39.4M	37.9M	35.7M	34.6M	30.1M
Total current liabilities	101.1M	207.3M	139.3M	210.6M	201.2M	469.1M	389.2M	310M	335.6M	300.7M
Long-term debt	50.9M	39.9M	331.6M	312.2M	292.7M	595.8M	573.3M	604.2M	625.7M	623.6M
Total liabilities	164.6M	263.1M	514.5M	566.8M	551.3M	1.1B	1B	970.5M	984.1M	944.9M
Shareholders' equity	216.1M	300.3M	451M	452.5M	551.2M	892.7M	937M	897.2M	935.8M	784.1M
Total debt	67.8M	52.3M	341.3M	334.2M	311.8M	635.2M	611.2M	639.9M	660.3M	653.7M
Net debt	15.3M	-16M	197.2M	171.7M	111.5M	168.7M	252.4M	332.9M	346.4M	341.9M

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	342M	307M	293M	319.5M	318.2M	313.9M	317.6M	327.4M	314.1M	311.8M	323.5M	255.9M
Receivables	170.5M	180.8M	194.5M	206.9M	228.1M	241.1M	217.9M	206.7M	199.5M	208.8M	232.8M	208M
Inventory	378.3M	374.5M	388.1M	399.9M	402.6M	381M	374.6M	375.6M	382.2M	390.9M	481.9M	629.9M
Total current assets	925.8M	893.2M	908.7M	960.8M	985.8M	970.1M	947.8M	955.8M	941.4M	959.7M	1.1B	1.2B
Property, plant & equipment	399M	422.9M	438M	433.8M	432.9M	434.7M	433.4M	434.8M	431M	427.5M	424.5M	428.8M
Goodwill & intangibles	839.4M	961M	945.6M	930.4M	915.4M	900.4M	885.8M	569.6M	555.8M	542M	528.2M	514.8M
Total assets	1.8B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.7B	1.7B	1.7B	1.9B	1.9B
Accounts payable	187.5M	192.9M	215.7M	229M	233.2M	212.5M	207.4M	202.2M	191.2M	194.9M	263.4M	300.6M
Short-term debt	34.1M	35.7M	35.3M	35M	35.4M	34.6M	28.6M	28.6M	28.5M	30.1M	20.5M	21.5M
Total current liabilities	293.6M	310M	329.4M	351.4M	358.8M	335.6M	313.2M	312M	293.4M	300.7M	357.5M	424.7M
Long-term debt	595.1M	604.2M	611.6M	630.7M	631.4M	625.7M	617.8M	619.8M	621.6M	623.6M	759.9M	754.4M
Total liabilities	950.4M	970.5M	998.5M	1B	1B	984.1M	954.2M	955.8M	939.2M	944.9M	1.2B	1.2B
Shareholders' equity	895.1M	897.2M	889.1M	911.7M	922.4M	935.8M	936.8M	789.8M	781.3M	784.1M	702.1M	717.1M
Total debt	629.2M	639.9M	646.9M	665.7M	666.8M	660.3M	646.4M	648.4M	650.1M	653.7M	780.4M	775.9M
Net debt	287.2M	332.9M	353.9M	346.2M	348.6M	346.4M	328.8M	321M	336M	341.9M	456.9M	520M

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	10.1M	75.1M	37M	-7.7M	80.4M	126.4M	50.4M	-22.2M	34.5M	-171.6M
Depreciation & amortization	11.7M	10.7M	21.1M	41.6M	44.8M	67.5M	68.4M	61.7M	76.1M	76M
Stock-based compensation	5.7M	7.8M	10.3M	12.1M	12.7M	15.8M	19.1M	12.1M	17.4M	19.2M
Change in working capital	-17.6M	-44.1M	-31.5M	62.2M	-61.9M	-8.9M	-175.1M	90.3M	-35.2M	11.1M
Operating cash flow	14.9M	45.9M	37.6M	106.4M	77.3M	193.7M	-33.5M	133.4M	92.8M	65.6M
Capital expenditure	-7.3M	-16.1M	-26.1M	-19.3M	-29.8M	-51.6M	-99.6M	-73.6M	-63.5M	—
Investing cash flow	-7.3M	-16.1M	-345.9M	-49.2M	-29.8M	-415.2M	-96.2M	-119.7M	-63.5M	3.3M
Dividends paid	—	0	0	-600K	0	0	—	—	-500K	-100K
Share repurchases	—	—	—	—	0	0	-12.1M	-29.4M	0	-3.4M
Financing cash flow	-7.9M	-17.1M	380.1M	-53.4M	-31.1M	460.8M	-56M	-69.9M	9.8M	-21.2M
Net change in cash	-187K	12.7M	71.8M	3.8M	16.4M	239.3M	-185.7M	-56.2M	39.1M	47.7M
Free cash flow	10.3M	32.8M	15.6M	94.7M	60.9M	152.3M	-52.9M	60.1M	1.5M	15.3M

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	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	—	—	—	—	—	—	—	—	-8.1M	-600K	-15M	12M
Depreciation & amortization	—	—	—	—	—	—	—	—	19M	19.3M	19.2M	19.3M
Stock-based compensation	—	—	—	—	—	—	—	—	4.4M	4.8M	3.2M	6.4M
Change in working capital	—	—	—	—	—	—	—	—	-12.2M	-11.1M	-45.9M	-74.3M
Operating cash flow	—	—	—	—	—	—	—	—	100K	8.1M	-33.3M	-41.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	100K	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-5.7M	0	0	0	0	0	-3.4M	0	0	-40M	0
Financing cash flow	0	-5.7M	0	0	0	0	0	-3.4M	-3.6M	1.2M	57.6M	-10.1M
Net change in cash	0	-5.7M	0	0	0	0	0	-3.4M	-3.5M	9.4M	24.3M	-51.2M
Free cash flow	—	—	—	—	—	—	—	—	-10.9M	-2M	-42.9M	-57.3M

Ultra Clean Holdings, 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