NASDAQ : TTMI
TTM Technologies, Inc. — Financial statements
Technology · Electronic Components · United States
Last price 82.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.74B
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Financial statements
TTM Technologies, Inc. (TTMI) reported revenue of 3.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.83B | 2.91B | 2.44B | 2.23B | 2.50B | 2.25B |
| Cost of Revenue | 2.98B | 2.30B | 1.97B | 1.82B | 2.04B | 1.88B |
| Gross Profit | 850.77M | 601.69M | 477.38M | 413.27M | 457.96M | 372.01M |
| Selling, General & Admin | 365.17M | 277.61M | 250.14M | 226.55M | 233.36M | 187.88M |
| Research & Development | 32.31M | 28.99M | 31.84M | 27.27M | 24.81M | 18.15M |
| Amortization of Goodwill & Intangibles | 27.55M | 27.55M | 35.55M | 48.67M | 37.10M | 35.75M |
| Operating Expenses | 425.03M | 334.15M | 317.53M | 302.50M | 295.27M | 241.78M |
| Operating Income | 425.74M | 267.53M | 159.84M | 110.77M | 162.70M | 130.24M |
| Interest Expense | -46.28M | -45.33M | -47.52M | -48.12M | -45.52M | -45.48M |
| Currency Exchange Gain (Loss) | -20.43M | -20.43M | 1.22M | -4.06M | 12.76M | -5.03M |
| Other Non Operating Income (Expenses) | -13.57M | 11.41M | 14.20M | 10.05M | 5.22M | 9.79M |
| EBT Excluding Unusual Items | 345.46M | 213.18M | 127.75M | 68.63M | 135.15M | 89.52M |
| Merger & Restructuring Charges | -1.23M | -2.85M | -11.20M | -24.35M | -4.09M | -4.25M |
| Impairment of Goodwill | -32.60M | -44.10M | ||||
| Gain (Loss) on Sale of Assets | 1.27M | 51.80M | ||||
| Other Unusual Items | -747.00K | -1.15M | -15.22M | |||
| Pretax Income | 343.48M | 210.34M | 83.95M | 297.00K | 182.86M | 70.05M |
| Income Tax Expense | 74.96M | 32.89M | 27.65M | 19.02M | 88.28M | 15.64M |
| Earnings From Continuing Operations | 268.52M | 177.45M | 56.30M | -18.72M | 94.58M | 54.41M |
| Net Income to Company | 268.52M | 177.45M | 56.30M | -18.72M | 94.58M | 54.41M |
| Net Income | 268.52M | 177.45M | 56.30M | -18.72M | 94.58M | 54.41M |
| Net Income to Common | 268.52M | 177.45M | 56.30M | -18.72M | 94.58M | 54.41M |
| Shares Outstanding (Basic) | 104.29M | 102.60M | 101.78M | 102.74M | 102.07M | 106.31M |
| Shares Outstanding (Diluted) | 107.25M | 105.45M | 104.10M | 102.74M | 103.87M | 108.15M |
| EPS (Basic) | 2.57 | 1.73 | 0.55 | -0.18 | 0.93 | 0.51 |
| EPS (Diluted) | 2.50 | 1.68 | 0.54 | -0.18 | 0.91 | 0.50 |
| Free Cash Flow | -683.00K | 51.16M | 27.04M | 169.99M | 94.68M | |
| Free Cash Flow Per Share | -0.01 | 0.49 | 0.26 | 1.64 | 0.88 | |
| Gross Margin | 22.22% | 20.70% | 19.54% | 18.51% | 18.36% | 16.54% |
| Operating Margin | 11.12% | 9.21% | 6.54% | 4.96% | 6.52% | 5.79% |
| Profit Margin | 7.01% | 6.11% | 2.31% | -0.84% | 3.79% | 2.42% |
| Free Cash Flow Margin | -0.02% | 2.09% | 1.21% | 6.81% | 4.21% | |
| EBITDA | 584.14M | 414.70M | 309.97M | 271.50M | 296.61M | 257.57M |
| EBITDA Margin | 15.26% | 14.27% | 12.69% | 12.16% | 11.89% | 11.45% |
| D&A For EBITDA | 158.40M | 147.17M | 150.12M | 160.73M | 133.91M | 127.33M |
| EBIT | 425.74M | 267.53M | 159.84M | 110.77M | 162.70M | 130.24M |
| EBIT Margin | 11.12% | 9.21% | 6.54% | 4.96% | 6.52% | 5.79% |
| Effective Tax Rate | 21.82% | 15.64% | 32.94% | 6,402.36% | 48.28% | 22.32% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 876.35M | 501.23M | 503.93M | 450.21M | 402.75M | 537.68M |
| Trading Asset Securities | 3.10M | 1.80M | 3.30M | |||
| Cash & Short-Term Investments | 876.35M | 504.33M | 505.73M | 453.51M | 402.75M | 537.68M |
| Accounts Receivable | 1.63B | 1.03B | 829.99M | 705.61M | 809.01M | 711.21M |
| Other Receivables | 6.74M | 69.24M | ||||
| Receivables | 1.63B | 1.03B | 829.99M | 712.34M | 878.25M | 711.21M |
| Inventory | 325.43M | 250.06M | 224.99M | 213.07M | 170.64M | 127.61M |
| Prepaid Expenses | 69.27M | 46.03M | 50.76M | 41.41M | 30.62M | |
| Other Current Assets | 130.02M | 297.00K | ||||
| Total Current Assets | 2.96B | 1.86B | 1.61B | 1.43B | 1.49B | 1.41B |
| Property, Plant & Equipment | 1.29B | 1.09B | 948.21M | 893.95M | 743.07M | 686.56M |
| Long-Term Investments | 1.30M | |||||
| Goodwill | 670.13M | 670.13M | 702.74M | 760.44M | 637.32M | |
| Other Intangible Assets | 154.92M | 191.82M | 236.71M | 288.04M | 239.92M | |
| Long-Term Accounts Receivable | 4.25M | 5.43M | 11.26M | 7.10M | ||
| Long-Term Deferred Tax Assets | 6.90M | |||||
| Long-Term Deferred Charges | 874.00K | 1.24M | 792.00K | 1.35M | ||
| Other Long-Term Assets | 1.31B | 63.12M | 47.61M | 49.32M | 31.12M | 46.08M |
| Total Assets | 5.56B | 3.84B | 3.47B | 3.32B | 3.32B | 3.03B |
| Accounts Payable | 1.03B | 543.54M | 406.22M | 334.61M | 361.79M | 361.48M |
| Accrued Expenses | 155.78M | 129.73M | 121.41M | 139.06M | 111.29M | |
| Current Portion of Long-Term Debt | 184.00M | 3.81M | 3.79M | 3.50M | 50.00M | 4.29M |
| Current Portion of Leases | 10.03M | 8.37M | 9.21M | 8.10M | 7.06M | |
| Current Income Taxes Payable | 8.08M | 15.92M | 5.47M | 28.06M | 7.16M | |
| Current Unearned Revenue | 202.34M | 175.63M | 170.91M | 126.51M | 103.98M | 14.19M |
| Other Current Liabilities | 354.48M | 65.33M | 74.10M | 103.28M | 70.33M | 52.66M |
| Total Current Liabilities | 1.77B | 962.20M | 809.05M | 703.98M | 761.33M | 558.15M |
| Long-Term Debt | 1.46B | 912.34M | 914.36M | 915.81M | 879.41M | 927.82M |
| Long-Term Leases | 103.35M | 89.49M | 93.58M | 25.83M | 29.57M | |
| Pension & Post-Retirement Benefits | 2.47M | 5.28M | ||||
| Long-Term Deferred Tax Liabilities | 46.33M | 41.36M | 44.24M | 54.27M | 28.36M | |
| Other Long-Term Liabilities | 287.12M | 53.86M | 54.40M | 55.01M | 64.73M | 20.96M |
| Total Liabilities | 3.52B | 2.08B | 1.91B | 1.81B | 1.79B | 1.57B |
| Common Stock | 2.04B | 115.00K | 113.00K | 111.00K | 110.00K | 108.00K |
| Additional Paid-In Capital | 951.94M | 910.74M | 880.96M | 858.08M | 840.11M | |
| Retained Earnings | 1.02B | 838.42M | 782.12M | 800.84M | 706.26M | |
| Treasury Stock | -174.74M | -157.57M | -123.09M | -98.66M | -63.81M | |
| Comprehensive Income & Other | -30.93M | -27.88M | -29.07M | -24.79M | -27.25M | |
| Total Common Equity | 2.04B | 1.76B | 1.56B | 1.51B | 1.54B | 1.46B |
| Shareholders' Equity | 2.04B | 1.76B | 1.56B | 1.51B | 1.54B | 1.46B |
| Total Liabilities & Equity | 5.56B | 3.84B | 3.47B | 3.32B | 3.32B | 3.03B |
| Total Debt | 1.64B | 1.03B | 1.02B | 1.02B | 963.34M | 968.74M |
| Net Cash (Debt) | -767.52M | -525.20M | -510.29M | -568.60M | -560.59M | -431.06M |
| Net Cash Per Share | -7.16 | -4.98 | -4.90 | -5.53 | -5.40 | -3.99 |
| Filing Date Shares Outstanding | 105.67M | 103.40M | 102.11M | 101.91M | 102.58M | 102.77M |
| Total Common Shares Outstanding | 105.67M | 103.38M | 102.00M | 102.11M | 102.23M | 103.53M |
| Working Capital | 1.19B | 893.21M | 797.69M | 725.70M | 731.73M | 849.26M |
| Book Value Per Share | 19.33 | 17.05 | 15.33 | 14.80 | 15.02 | 14.06 |
| Tangible Book Value | 2.04B | 937.20M | 701.87M | 571.59M | 487.11M | 578.17M |
| Tangible Book Value Per Share | 19.33 | 9.07 | 6.88 | 5.60 | 4.76 | 5.58 |
| Land | 72.34M | 69.79M | 71.13M | 76.81M | 62.02M | |
| Buildings | 634.78M | 515.77M | 512.15M | 443.35M | 429.34M | |
| Machinery | 1.20B | 1.13B | 996.68M | 1.00B | 902.28M | |
| Construction In Progress | 101.94M | 75.50M | 90.94M | 27.77M | 25.55M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 177.45M | 56.30M | -18.72M | 94.58M | 54.41M | |
| Depreciation & Amortization | 147.17M | 150.12M | 160.73M | 133.91M | 127.33M | |
| Other Amortization | 2.16M | 2.04M | 2.21M | 2.15M | 2.11M | |
| Loss (Gain) From Sale of Assets | -1.27M | -51.80M | ||||
| Asset Writedown & Restructuring Costs | 32.60M | 44.10M | ||||
| Stock-Based Compensation | 41.67M | 29.78M | 22.89M | 19.52M | 17.71M | |
| Other Operating Activities | 8.72M | -3.62M | -10.71M | 56.12M | 15.31M | |
| Change in Accounts Receivable | -201.75M | -124.39M | 92.53M | -20.20M | -56.85M | |
| Change in Inventory | -25.07M | -11.91M | -45.39M | -4.41M | -11.96M | |
| Change in Accounts Payable | 138.97M | 49.72M | -34.58M | -14.80M | 40.95M | |
| Change in Unearned Revenue | 4.71M | 44.41M | 22.53M | 24.53M | 9.94M | |
| Change in Other Net Operating Assets | -2.14M | 11.84M | -47.02M | 33.27M | -22.32M | |
| Operating Cash Flow | 291.88M | 236.89M | 187.28M | 272.87M | 176.63M | |
| Capital Expenditures | -292.56M | -185.74M | -160.24M | -102.88M | -81.95M | |
| Sale of Property, Plant & Equipment | 781.00K | 39.60M | 62.27M | 6.01M | 1.43M | |
| Cash Acquisitions | -298.34M | |||||
| Divestitures | 6.04M | |||||
| Investment in Securities | -3.19M | |||||
| Other Investing Activities | 17.84M | -76.00K | -101.00K | -245.00K | -431.00K | |
| Investing Cash Flow | -273.94M | -146.21M | -92.03M | -395.46M | -84.14M | |
| Long-Term Debt Issued | 8.42M | 284.82M | 50.00M | 500.00M | ||
| Long-Term Debt Repaid | -3.79M | -9.60M | -291.57M | -50.00M | -425.84M | |
| Net Debt Issued (Repaid) | -3.79M | -1.18M | -6.75M | 74.16M | ||
| Issuance of Common Stock | 236.00K | |||||
| Repurchase of Common Stock | -17.88M | -34.48M | -24.43M | -35.42M | -64.73M | |
| Other Financing Activities | 513.00K | -1.16M | -16.49M | 24.11M | -16.67M | |
| Financing Cash Flow | -20.92M | -36.82M | -47.67M | -11.31M | -7.23M | |
| Foreign Exchange Rate Adjustments | 281.00K | -139.00K | -122.00K | -1.03M | 856.00K | |
| Net Cash Flow | -2.70M | 53.72M | 47.46M | -134.93M | 86.11M | |
| Free Cash Flow | -683.00K | 51.16M | 27.04M | 169.99M | 94.68M | |
| Free Cash Flow Margin | -0.02% | 2.09% | 1.21% | 6.81% | 4.21% | |
| Free Cash Flow Per Share | -0.01 | 0.49 | 0.26 | 1.64 | 0.88 | |
| Levered Free Cash Flow | -61.29M | 47.20M | 166.91M | 61.79M | 82.53M | |
| Unlevered Free Cash Flow | -35.11M | 74.85M | 194.78M | 88.09M | 108.84M | |
| Cash Income Tax Paid | 37.44M | 18.77M | 53.75M | 4.57M | 5.21M | |
| Change in Working Capital | -85.29M | -30.33M | -11.94M | 18.39M | -40.25M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.22B | 7.36B | 2.52B | 1.62B | 1.54B | 1.58B |
| Enterprise Value | 9.13B | 7.89B | 3.07B | 2.17B | 2.17B | 2.02B |
| Last Close Price | 82.94 | 71.21 | 24.70 | 15.81 | 15.08 | 15.14 |
| PE Ratio | 31.21 | 41.47 | 44.74 | 16.30 | 29.04 | |
| Forward PE | 10.07 | 25.82 | 13.37 | 10.96 | 9.47 | 11.52 |
| PS Ratio | 2.34 | 2.53 | 1.03 | 0.72 | 0.62 | 0.70 |
| PB Ratio | 4.28 | 4.17 | 1.61 | 1.07 | 1.00 | 1.09 |
| P/TBV Ratio | 9.62 | 7.85 | 3.59 | 2.83 | 3.16 | 2.73 |
| P/FCF Ratio | 49.24 | 59.78 | 9.07 | 16.69 | ||
| P/OCF Ratio | 27.76 | 25.21 | 10.63 | 8.63 | 5.65 | 8.95 |
| PEG Ratio | 0.45 | 0.45 | 0.45 | 0.45 | 0.58 | |
| EV/Sales Ratio | 2.58 | 2.71 | 1.26 | 0.97 | 0.87 | 0.90 |
| EV/EBITDA Ratio | 16.85 | 19.03 | 9.91 | 8.01 | 7.32 | 7.83 |
| EV/EBIT Ratio | 23.18 | 29.50 | 19.21 | 19.64 | 13.34 | 15.49 |
| EV/FCF Ratio | 60.02 | 80.43 | 12.77 | 21.30 | ||
| Debt / Equity Ratio | 0.81 | 0.58 | 0.65 | 0.68 | 0.63 | 0.67 |
| Debt / EBITDA Ratio | 2.81 | 2.38 | 3.11 | 3.62 | 3.15 | 3.63 |
| Debt / FCF Ratio | 19.86 | 37.80 | 5.67 | 10.23 | ||
| Net Debt / Equity Ratio | 0.38 | 0.30 | 0.33 | 0.38 | 0.36 | 0.30 |
| Net Debt / EBITDA Ratio | 1.31 | 1.27 | 1.65 | 2.09 | 1.89 | 1.67 |
| Net Debt / FCF Ratio | -768.96 | 9.97 | 21.03 | 3.30 | 4.55 | |
| Asset Turnover | 0.82 | 0.80 | 0.72 | 0.67 | 0.79 | 0.76 |
| Inventory Turnover | 10.28 | 9.70 | 8.97 | 9.48 | 13.66 | 15.43 |
| Quick Ratio | 1.41 | 1.60 | 1.65 | 1.66 | 1.68 | 2.24 |
| Current Ratio | 1.67 | 1.93 | 1.99 | 2.03 | 1.96 | 2.52 |
| Return on Equity (ROE) | 14.34% | 10.67% | 3.66% | -1.23% | 6.33% | 3.75% |
| Return on Assets (ROA) | 5.73% | 4.57% | 2.94% | 2.08% | 3.20% | 2.75% |
| Return on Invested Capital (ROIC) | 12.47% | 10.35% | 5.16% | -334.35% | 4.23% | 5.38% |
| Return on Capital Employed (ROCE) | 11.20% | 9.30% | 6.00% | 4.20% | 6.30% | 5.30% |
| Earnings Yield | 3.20% | 2.41% | 2.23% | -1.16% | 6.14% | 3.44% |
| FCF Yield | -0.17% | -0.01% | 2.03% | 1.67% | 11.03% | 5.99% |
| Buyback Yield / Dilution | -2.19% | -1.30% | -1.32% | 1.08% | 3.96% | -1.68% |