NASDAQ : UCTT
Ultra Clean Holdings, Inc. — Financial statements
Technology · Semiconductor Equipment & Materials · United States
Last price 49.71 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.38B
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Financial statements
Ultra Clean Holdings, Inc. (UCTT) reported revenue of 2.44B 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 | 2.44B | 2.05B | 2.10B | 1.73B | 2.37B | 2.10B |
| Cost of Revenue | 2.05B | 1.73B | 1.74B | 1.46B | 1.91B | 1.67B |
| Gross Profit | 393.80M | 322.90M | 356.30M | 277.30M | 465.00M | 430.00M |
| Selling, General & Admin | 253.50M | 247.20M | 235.80M | 209.10M | 238.70M | 219.80M |
| Research & Development | 34.90M | 32.00M | 28.30M | 28.30M | 28.50M | 24.50M |
| Operating Expenses | 288.40M | 279.20M | 264.10M | 237.40M | 267.20M | 244.30M |
| Operating Income | 105.40M | 43.70M | 92.20M | 39.90M | 197.80M | 185.70M |
| Interest Expense | -18.20M | -38.30M | -46.50M | -48.80M | -33.90M | -24.20M |
| Interest & Investment Income | 4.70M | 3.90M | 4.80M | 4.10M | 900.00K | 400.00K |
| Currency Exchange Gain (Loss) | -1.50M | -4.90M | -7.60M | |||
| Other Non Operating Income (Expenses) | 300.00K | 2.10M | 300.00K | -1.80M | 900.00K | -7.60M |
| EBT Excluding Unusual Items | 90.70M | 6.50M | 43.20M | -6.60M | 165.70M | 154.30M |
| Merger & Restructuring Charges | -1.00M | -4.70M | ||||
| Impairment of Goodwill | -151.10M | |||||
| Gain (Loss) on Sale of Assets | -77.40M | |||||
| Other Unusual Items | -3.40M | -1.10M | 25.00M | |||
| Pretax Income | 87.30M | -145.70M | 67.20M | -11.30M | 88.30M | 154.30M |
| Income Tax Expense | 50.10M | 25.90M | 32.70M | 10.90M | 37.90M | 27.90M |
| Earnings From Continuing Operations | 37.20M | -171.60M | 34.50M | -22.20M | 50.40M | 126.40M |
| Minority Interest in Earnings | -10.60M | -9.60M | -10.80M | -8.90M | -10.00M | -6.90M |
| Net Income | 26.60M | -181.20M | 23.70M | -31.10M | 40.40M | 119.50M |
| Net Income to Common | 26.60M | -181.20M | 23.70M | -31.10M | 40.40M | 119.50M |
| Shares Outstanding (Basic) | 45.38M | 45.30M | 44.90M | 44.70M | 45.20M | 43.50M |
| Shares Outstanding (Diluted) | 46.05M | 45.30M | 45.30M | 44.70M | 45.70M | 44.40M |
| EPS (Basic) | 0.59 | -4.00 | 0.53 | -0.70 | 0.89 | 2.75 |
| EPS (Diluted) | 0.57 | -4.00 | 0.52 | -0.70 | 0.88 | 2.69 |
| Free Cash Flow | -164.00M | 15.30M | 1.50M | 60.10M | -52.90M | 152.30M |
| Free Cash Flow Per Share | -3.56 | 0.34 | 0.03 | 1.34 | -1.16 | 3.43 |
| Gross Margin | 16.11% | 15.72% | 16.99% | 15.99% | 19.59% | 20.46% |
| Operating Margin | 4.31% | 2.13% | 4.40% | 2.30% | 8.33% | 8.84% |
| Profit Margin | 1.09% | -8.82% | 1.13% | -1.79% | 1.70% | 5.69% |
| Free Cash Flow Margin | -6.71% | 0.74% | 0.07% | 3.46% | -2.23% | 7.25% |
| EBITDA | 182.60M | 119.70M | 168.30M | 101.60M | 266.20M | 253.20M |
| EBITDA Margin | 7.47% | 5.83% | 8.02% | 5.86% | 11.21% | 12.05% |
| D&A For EBITDA | 77.20M | 76.00M | 76.10M | 61.70M | 68.40M | 67.50M |
| EBIT | 105.40M | 43.70M | 92.20M | 39.90M | 197.80M | 185.70M |
| EBIT Margin | 4.31% | 2.13% | 4.40% | 2.30% | 8.33% | 8.84% |
| Effective Tax Rate | 57.39% | 48.66% | 42.92% | 18.08% | ||
| Revenue as Reported | 2.44B | 2.05B | 2.10B | 1.73B | 2.37B | 2.10B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 270.90M | 311.80M | 313.90M | 307.00M | 358.80M | 466.50M |
| Cash & Short-Term Investments | 270.90M | 311.80M | 313.90M | 307.00M | 358.80M | 466.50M |
| Receivables | 272.40M | 208.80M | 241.10M | 180.80M | 253.70M | 250.10M |
| Inventory | 723.30M | 390.90M | 381.00M | 374.50M | 443.90M | 379.20M |
| Prepaid Expenses | 67.60M | 48.20M | 34.10M | 30.90M | 42.10M | 41.30M |
| Other Current Assets | 300.00K | |||||
| Total Current Assets | 1.33B | 959.70M | 970.10M | 893.20M | 1.10B | 1.14B |
| Property, Plant & Equipment | 500.70M | 481.80M | 486.90M | 480.00M | 378.60M | 325.70M |
| Goodwill | 114.20M | 114.20M | 265.30M | 265.20M | 248.80M | 270.00M |
| Other Intangible Assets | 136.40M | 156.80M | 184.90M | 215.30M | 187.90M | 245.70M |
| Long-Term Deferred Tax Assets | 4.10M | 3.50M | 3.10M | 3.10M | 36.00M | 37.60M |
| Other Long-Term Assets | 14.80M | 13.00M | 9.60M | 10.90M | 10.80M | 9.30M |
| Total Assets | 2.10B | 1.73B | 1.92B | 1.87B | 1.96B | 2.03B |
| Accounts Payable | 335.20M | 194.90M | 212.50M | 192.90M | 253.50M | 332.90M |
| Accrued Expenses | 63.30M | 51.10M | 50.10M | 47.70M | 52.50M | 46.80M |
| Current Portion of Long-Term Debt | 9.90M | 16.00M | 17.60M | 20.80M | 22.10M | |
| Current Portion of Leases | 22.30M | 20.20M | 18.60M | 18.10M | 17.10M | 17.30M |
| Other Current Liabilities | 57.80M | 24.60M | 38.40M | 33.70M | 45.30M | 50.00M |
| Total Current Liabilities | 478.60M | 300.70M | 335.60M | 310.00M | 389.20M | 469.10M |
| Long-Term Debt | 635.10M | 467.00M | 476.50M | 461.20M | 493.00M | 529.90M |
| Long-Term Leases | 152.70M | 156.60M | 149.20M | 143.00M | 80.30M | 65.90M |
| Pension & Post-Retirement Benefits | 2.70M | 2.30M | 1.70M | 1.60M | 1.60M | 4.00M |
| Long-Term Deferred Tax Liabilities | 13.70M | 13.80M | 16.10M | 19.00M | 52.20M | 54.90M |
| Other Long-Term Liabilities | 8.30M | 4.50M | 5.00M | 35.70M | 7.60M | 8.90M |
| Total Liabilities | 1.29B | 944.90M | 984.10M | 970.50M | 1.02B | 1.13B |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Additional Paid-In Capital | 601.60M | 578.70M | 558.40M | 541.50M | 530.80M | 514.90M |
| Retained Earnings | 219.10M | 189.20M | 370.40M | 346.70M | 377.80M | 337.40M |
| Treasury Stock | -88.70M | -48.40M | -45.00M | -45.00M | -15.40M | -3.30M |
| Comprehensive Income & Other | -4.60M | -8.60M | -10.30M | -4.40M | -5.40M | -200.00K |
| Total Common Equity | 727.50M | 711.00M | 873.60M | 838.90M | 887.90M | 848.90M |
| Minority Interest | 85.80M | 73.10M | 62.20M | 58.30M | 49.10M | 43.80M |
| Shareholders' Equity | 813.30M | 784.10M | 935.80M | 897.20M | 937.00M | 892.70M |
| Total Liabilities & Equity | 2.10B | 1.73B | 1.92B | 1.87B | 1.96B | 2.03B |
| Total Debt | 810.10M | 653.70M | 660.30M | 639.90M | 611.20M | 635.20M |
| Net Cash (Debt) | -539.20M | -341.90M | -346.40M | -332.90M | -252.40M | -168.70M |
| Net Cash Per Share | -11.71 | -7.55 | -7.65 | -7.45 | -5.52 | -3.80 |
| Filing Date Shares Outstanding | 47.96M | 45.49M | 45.13M | 44.65M | 44.79M | 44.95M |
| Total Common Shares Outstanding | 45.70M | 45.50M | 45.10M | 44.60M | 45.16M | 44.93M |
| Working Capital | 855.60M | 659.00M | 634.50M | 583.20M | 709.60M | 668.00M |
| Book Value Per Share | 15.92 | 15.63 | 19.37 | 18.81 | 19.66 | 18.89 |
| Tangible Book Value | 476.90M | 440.00M | 423.40M | 358.40M | 451.20M | 333.20M |
| Tangible Book Value Per Share | 10.44 | 9.67 | 9.39 | 8.04 | 9.99 | 7.42 |
| Land | 6.30M | 5.90M | 5.70M | 5.60M | 3.00M | 4.70M |
| Buildings | 57.80M | 54.30M | 52.20M | 57.10M | 58.60M | 52.10M |
| Machinery | 355.40M | 336.90M | 305.40M | 284.60M | 225.90M | 195.50M |
| Construction In Progress | 43.80M | 22.40M | 37.90M | 40.50M | 56.80M | 38.70M |
| Leasehold Improvements | 157.70M | 148.10M | 138.70M | 110.80M | 81.30M | 67.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 26.60M | -181.20M | 23.70M | -31.10M | 40.40M | 119.50M |
| Depreciation & Amortization | 77.20M | 76.00M | 76.10M | 61.70M | 68.40M | 67.50M |
| Other Amortization | 3.10M | 2.70M | 3.00M | 3.90M | 3.90M | 3.40M |
| Loss (Gain) From Sale of Assets | 1.20M | 700.00K | 1.20M | -900.00K | 77.20M | 200.00K |
| Asset Writedown & Restructuring Costs | 151.10M | |||||
| Stock-Based Compensation | 22.00M | 19.20M | 17.40M | 12.10M | 19.10M | 15.80M |
| Other Operating Activities | 10.30M | 6.80M | -21.40M | -1.80M | 10.80M | 8.80M |
| Change in Accounts Receivable | -72.90M | 32.30M | -60.30M | 78.50M | -15.70M | -53.00M |
| Change in Inventory | -341.10M | -9.90M | -6.50M | 80.80M | -84.40M | -125.10M |
| Change in Accounts Payable | 136.30M | -17.60M | 26.40M | -61.50M | -68.40M | 170.60M |
| Change in Income Taxes | 1.90M | -13.50M | 1.00M | -5.20M | -100.00K | 7.70M |
| Change in Other Net Operating Assets | 26.80M | -1.00M | 4.40M | -600.00K | -4.00M | -3.80M |
| Operating Cash Flow | -108.60M | 65.60M | 65.00M | 135.90M | 47.20M | 211.60M |
| Capital Expenditures | -55.40M | -50.30M | -63.50M | -75.80M | -100.10M | -59.30M |
| Sale of Property, Plant & Equipment | -3.10M | 500.00K | 7.70M | |||
| Cash Acquisitions | -46.10M | -342.80M | ||||
| Divestitures | 3.40M | |||||
| Other Investing Activities | 3.30M | 3.30M | 2.20M | -10.40M | ||
| Investing Cash Flow | -55.20M | -47.00M | -63.50M | -119.70M | -96.20M | -404.80M |
| Long-Term Debt Issued | 59.30M | 67.70M | 415.20M | |||
| Long-Term Debt Repaid | -77.50M | -54.40M | -38.60M | -39.70M | -131.80M | |
| Net Debt Issued (Repaid) | 168.50M | -18.20M | 13.30M | -38.60M | -39.70M | 283.40M |
| Issuance of Common Stock | 36.20M | 2.20M | 2.00M | 800.00K | 700.00K | 193.60M |
| Repurchase of Common Stock | -44.30M | -4.50M | -2.50M | -31.60M | -16.00M | -7.30M |
| Other Financing Activities | -42.70M | -700.00K | -3.00M | -500.00K | -1.00M | -8.90M |
| Financing Cash Flow | 117.70M | -21.20M | 9.80M | -69.90M | -56.00M | 460.80M |
| Foreign Exchange Rate Adjustments | 2.90M | 500.00K | -4.40M | 1.90M | -2.70M | -1.40M |
| Net Cash Flow | -43.20M | -2.10M | 6.90M | -51.80M | -107.70M | 266.20M |
| Free Cash Flow | -164.00M | 15.30M | 1.50M | 60.10M | -52.90M | 152.30M |
| Free Cash Flow Margin | -6.71% | 0.74% | 0.07% | 3.46% | -2.23% | 7.25% |
| Free Cash Flow Per Share | -3.56 | 0.34 | 0.03 | 1.34 | -1.16 | 3.43 |
| Levered Free Cash Flow | -143.20M | 28.88M | 18.26M | 73.14M | -54.06M | 50.14M |
| Unlevered Free Cash Flow | -134.93M | 50.11M | 44.33M | 99.74M | -36.77M | 61.86M |
| Cash Interest Paid | 14.90M | 39.70M | 40.40M | 44.80M | 31.90M | 19.90M |
| Cash Income Tax Paid | 50.10M | 42.00M | 34.30M | 31.20M | 36.80M | 23.10M |
| Change in Working Capital | -249.00M | -9.70M | -35.00M | 92.00M | -172.60M | -3.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.25B | 1.18B | 1.65B | 1.53B | 1.51B | 2.58B |
| Enterprise Value | 2.79B | 1.59B | 2.06B | 1.87B | 1.71B | 2.81B |
| Last Close Price | 46.82 | 26.04 | 36.53 | 34.14 | 33.15 | 57.36 |
| PE Ratio | 81.48 | 69.45 | 37.33 | 21.55 | ||
| Forward PE | 8.22 | 21.85 | 15.16 | 30.21 | 10.78 | 12.11 |
| PS Ratio | 0.92 | 0.57 | 0.79 | 0.88 | 0.64 | 1.23 |
| PB Ratio | 2.94 | 1.51 | 1.76 | 1.71 | 1.61 | 2.88 |
| P/TBV Ratio | 4.71 | 2.69 | 3.89 | 4.27 | 3.34 | 7.73 |
| P/FCF Ratio | 77.25 | 1,097.36 | 25.47 | 16.91 | ||
| P/OCF Ratio | 18.02 | 25.32 | 11.26 | 31.95 | 12.17 | |
| PEG Ratio | 0.14 | 0.62 | 0.55 | 1.51 | 0.54 | 0.86 |
| EV/Sales Ratio | 1.14 | 0.77 | 0.98 | 1.08 | 0.72 | 1.34 |
| EV/EBITDA Ratio | 15.25 | 13.28 | 12.23 | 18.45 | 6.44 | 11.12 |
| EV/EBIT Ratio | 26.42 | 36.37 | 22.33 | 46.99 | 8.67 | 15.16 |
| EV/FCF Ratio | 103.87 | 1,372.76 | 31.20 | 18.48 | ||
| Debt / Equity Ratio | 1.00 | 0.83 | 0.71 | 0.71 | 0.65 | 0.71 |
| Debt / EBITDA Ratio | 3.73 | 4.25 | 3.27 | 4.94 | 2.11 | 2.32 |
| Debt / FCF Ratio | 42.73 | 440.20 | 10.65 | 4.17 | ||
| Net Debt / Equity Ratio | 0.66 | 0.44 | 0.37 | 0.37 | 0.27 | 0.19 |
| Net Debt / EBITDA Ratio | 2.95 | 2.86 | 2.06 | 3.28 | 0.95 | 0.67 |
| Net Debt / FCF Ratio | -3.29 | 22.35 | 230.93 | 5.54 | -4.77 | 1.11 |
| Asset Turnover | 1.28 | 1.13 | 1.11 | 0.91 | 1.19 | 1.34 |
| Inventory Turnover | 3.71 | 4.49 | 4.61 | 3.56 | 4.64 | 5.97 |
| Quick Ratio | 1.14 | 1.73 | 1.65 | 1.57 | 1.57 | 1.53 |
| Current Ratio | 2.79 | 3.19 | 2.89 | 2.88 | 2.82 | 2.42 |
| Return on Equity (ROE) | 4.67% | -19.96% | 3.76% | -2.42% | 5.51% | 17.51% |
| Return on Assets (ROA) | 3.45% | 1.50% | 3.04% | 1.30% | 6.20% | 7.42% |
| Return on Invested Capital (ROIC) | 3.47% | 3.63% | 3.77% | 3.30% | 10.03% | 17.65% |
| Return on Capital Employed (ROCE) | 6.50% | 3.10% | 5.80% | 2.60% | 12.60% | 11.90% |
| Earnings Yield | 1.23% | -15.33% | 1.44% | -2.03% | 2.68% | 4.64% |
| FCF Yield | -7.30% | 1.29% | 0.09% | 3.93% | -3.51% | 5.91% |
| Buyback Yield / Dilution | -1.88% | -0.89% | -1.34% | 2.19% | -2.93% | -8.03% |