A Business at a Glance
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Ultra Clean Holdings, Inc.
UCTT
$4.2B
Mkt Cap
$92.75
-7.77%
Ultra Clean Holdings, Inc. (UCTT) has a 5-year average return on invested capital (ROIC) of 4.3%. This is below average and may indicate limited pricing power.
Ultra Clean Holdings, Inc. (UCTT) has a market capitalization of $4.2B. It is classified as a mid-cap stock.
Ultra Clean Holdings, Inc. (UCTT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.04%.
Ultra Clean Holdings, Inc. (UCTT) operates in the Semiconductors & Related Devices industry, within the Technology sector.
Ultra Clean Holdings, Inc. (UCTT) reported annual revenue of $2.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Ultra Clean Holdings, Inc. (UCTT) has a net profit margin of -8.8%. The company is currently unprofitable.
Ultra Clean Holdings, Inc. (UCTT) generated $15 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ultra Clean Holdings, Inc., (“UCT”, the “Company” or “We”) is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and part and component manufacturing, as well as tool chamber parts cleaning and coating, and micro-contamination analytical services. We report results for two segments: Products and Services. Our Products segment primarily designs, engineers and manufactures production tools, components and parts, and modules and subsystems for the semiconductor and display capital equipment markets. Products include chemical delivery modules, frame assemblies, gas delivery systems, fluid delivery systems, precision robotics, process modules as well as other high-level assemblies.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.1B | 2.1B | 1.7B | 2.4B | 2.1B |
| Net Income | -194M | -181M | 24M | -31M | 40M | 120M |
| EPS | $-4.29 | $-4.00 | $0.52 | $-0.70 | $0.88 | $2.69 |
| Free Cash Flow | -43M | 15M | 1.5M | 60M | -53M | 152M |
| ROIC | -9.5% | -14.3% | 6.1% | 4.0% | 7.4% | 18.3% |
| Gross Margin | 15.6% | 15.7% | 17.0% | 16.0% | 19.6% | 20.5% |
| Debt/Equity | 0.96 | 0.92 | 0.76 | 0.24 | 0.55 | 0.76 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -109M | -107M | 91M | 35M | 120M | 186M |
| Operating Margin | -5.3% | -5.2% | 4.3% | 2.0% | 5.1% | 8.8% |
| ROE | -30.9% | -22.9% | 2.8% | -3.6% | 4.7% | 17.1% |
| Shares Outstanding | 45M | 45M | 46M | 44M | 46M | 44M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 514M | 469M | 563M | 924M | 1.1B | 1.1B | 1.4B | 2.1B | 2.4B | 1.7B | 2.1B | 2.1B | 2.1B |
| Gross Margin | 14.2% | 15.1% | 15.4% | 18.1% | 16.0% | 18.5% | 20.9% | 20.5% | 19.6% | 16.0% | 17.0% | 15.7% | 15.6% |
| R&D | 7.1M | 9.6M | 9.9M | 12M | 13M | 15M | 15M | 25M | 29M | 28M | 28M | 32M | 33M |
| SG&A | 37M | 44M | 43M | 53M | 86M | 130M | 131M | 172M | 184M | 162M | 180M | 186M | 186M |
| EBIT | 18M | 5.8M | 22M | 90M | 61M | 30M | 121M | 186M | 120M | 35M | 91M | -107M | -109M |
| Op. Margin | 3.5% | 1.2% | 4.0% | 9.7% | 5.5% | 2.8% | 8.7% | 8.8% | 5.1% | 2.0% | 4.3% | -5.2% | -5.3% |
| Net Income | 11M | -11M | 10M | 75M | 37M | -9.4M | 78M | 120M | 40M | -31M | 24M | -181M | -194M |
| Net Margin | 2.2% | -2.3% | 1.8% | 8.1% | 3.3% | -0.9% | 5.5% | 5.7% | 1.7% | -1.8% | 1.1% | -8.8% | -9.4% |
| Non-Recurring | 0 | 0 | -169K | -72K | 0 | 15M | 3.4M | 6.1M | -77M | 0 | 0 | 151M | 151M |
| Returns on Capital | |||||||||||||
| ROIC | 9.1% | 2.0% | 7.0% | 35.0% | 13.4% | 3.8% | 16.3% | 18.3% | 7.4% | 4.0% | 6.1% | -14.3% | -9.5% |
| ROE | 6.3% | -5.5% | 4.8% | 29.1% | 9.9% | -2.2% | 15.7% | 17.1% | 4.7% | -3.6% | 2.8% | -22.9% | -30.9% |
| ROA | 3.9% | -3.4% | 2.8% | 15.9% | 4.8% | -0.9% | 7.3% | 8.0% | 2.1% | -1.6% | 1.3% | -9.9% | -10.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 30M | 926K | 18M | 49M | 42M | 121M | 97M | 212M | 47M | 136M | 65M | 66M | 4.1M |
| Free Cash Flow | 25M | -9.2M | 10M | 33M | 16M | 95M | 61M | 152M | -53M | 60M | 1.5M | 15M | -43M |
| Owner Earnings | 23M | -7.5M | 5.9M | 36M | 20M | 52M | 60M | 162M | -10M | 86M | 1.9M | -1.5M | -298M |
| CapEx | 5.3M | 10M | 7.3M | 16M | 26M | 26M | 36M | 59M | 100M | 76M | 64M | 50M | 48M |
| Maint. CapEx | 3.0M | 4.7M | 6.0M | 5.3M | 12M | 57M | 25M | 34M | 38M | 38M | 46M | 48M | 283M |
| Growth CapEx | 2.3M | 5.4M | 1.3M | 11M | 15M | 0 | 11M | 25M | 62M | 38M | 18M | 2.4M | 0 |
| D&A | 3.0M | 4.7M | 6.0M | 5.3M | 12M | 57M | 25M | 34M | 38M | 38M | 46M | 48M | 283M |
| CapEx/OCF | 17.6% | 1096.3% | 41.4% | 33.0% | 62.6% | 21.7% | 37.4% | 28.0% | 212.1% | 55.8% | 97.7% | 76.7% | 1158.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 29M | 0 | 3.4M | 43M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8% | 1.9% | N/A | 0.3% | 1.0% |
| Stock-Based Comp | 4.4M | 3.7M | 5.7M | 7.8M | 10M | 12M | 13M | 16M | 19M | 12M | 17M | 19M | 20M |
| Debt Repayment | 56M | 55M | 14M | 31M | 86M | 93M | 106M | 132M | 40M | 39M | 10M | 18M | 18M |
| Balance Sheet | |||||||||||||
| Net Debt | -40M | 5.1M | -38M | -37M | -58M | 139M | 77M | 182M | 127M | -107M | 354M | 30M | 278M |
| Cash & Equiv. | 79M | 50M | 52M | 68M | 144M | 163M | 200M | 467M | 359M | 307M | 314M | 312M | 324M |
| Long-Term Debt | 39M | 55M | 14M | 31M | 86M | 302M | 277M | 565M | 485M | 39M | 500M | 467M | 602M |
| Debt/Equity | 0.20 | 0.27 | 0.07 | 0.10 | 0.20 | 0.69 | 0.50 | 0.76 | 0.55 | 0.24 | 0.76 | 0.92 | 0.96 |
| Interest Coverage | 8.9 | 2.7 | N/A | 40.7 | 6.1 | 1.2 | 7.2 | 7.7 | 3.6 | 0.7 | 2.0 | -2.8 | -2.8 |
| Equity | 189M | 201M | 216M | 300M | 436M | 437M | 551M | 849M | 888M | 839M | 874M | 711M | 628M |
| Total Assets | 296M | 336M | 381M | 563M | 966M | 1.0B | 1.1B | 1.9B | 2.0B | 1.9B | 1.9B | 1.7B | 1.9B |
| Total Liabilities | 108M | 135M | 165M | 263M | 515M | 567M | 551M | 1.1B | 1.0B | 971M | 984M | 945M | 1.2B |
| Intangibles | 17M | 43M | 37M | 32M | 194M | 180M | 161M | 246M | 188M | 215M | 185M | 157M | 150M |
| Retained Earnings | 39M | 28M | 38M | 113M | 150M | 140M | 218M | 337M | 378M | 347M | 370M | 189M | 171M |
| Working Capital | 142M | 126M | 136M | 200M | 324M | 256M | 344M | 668M | 710M | 583M | 635M | 659M | 740M |
| Current Assets | 208M | 190M | 237M | 407M | 463M | 467M | 545M | 1.1B | 1.1B | 893M | 970M | 960M | 1.1B |
| Current Liabilities | 66M | 64M | 101M | 207M | 139M | 211M | 201M | 469M | 389M | 310M | 336M | 301M | 358M |
| Per Share Data | |||||||||||||
| EPS | 0.38 | -0.34 | 0.30 | 2.19 | 936,061.38 | -0.24 | 1.89 | 2.69 | 0.88 | -0.70 | 0.52 | -4.00 | -4.29 |
| Owner EPS | 0.77 | -0.24 | 0.18 | 1.04 | 508,951.41 | 1.33 | 1.45 | 3.64 | -0.22 | 1.94 | 0.04 | -0.03 | -6.65 |
| Book Value | 6.31 | 6.37 | 6.45 | 8.76 | 11,158,567.77 | 11.15 | 13.42 | 19.11 | 19.34 | 18.88 | 19.17 | 15.70 | 14.02 |
| Cash Flow/Share | 1.02 | 0.03 | 0.52 | 1.43 | 1,066,496.16 | 3.09 | 2.37 | 4.76 | 1.03 | 3.06 | 1.43 | 1.45 | 1.97 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 29.9M | 31.6M | 33.5M | 34.3M | 0.0M | 39.2M | 41.1M | 44.4M | 45.9M | 44.4M | 45.6M | 45.3M | 44.8M |
| Valuation | |||||||||||||
| P/E Ratio | 24.7 | N/A | 33.4 | 9.7 | 8.7 | N/A | 16.5 | 21.3 | 36.5 | N/A | 70.2 | N/A | -21.6 |
| P/FCF | 11.2 | N/A | 32.6 | 22.1 | 0.0 | 9.7 | 21.0 | 16.7 | N/A | 25.8 | N/A | 77.1 | N/A |
| EV/EBIT | 9.4 | 24.9 | 13.3 | 7.2 | 6.1 | 29.6 | 9.5 | 11.7 | 10.6 | 40.3 | 16.8 | N/A | N/A |
| Price/Book | 1.5 | 0.8 | 1.6 | 2.4 | 0.7 | 2.1 | 2.4 | 3.0 | 1.7 | 1.9 | 1.9 | 1.7 | 6.6 |
| Price/Sales | 0.6 | 0.5 | 0.4 | 0.8 | 0.6 | 0.5 | 0.7 | 1.0 | 0.7 | 0.8 | 0.9 | 0.6 | 2.0 |
| FCF Yield | 8.9% | -5.4% | 3.1% | 4.5% | 4.9% | 10.3% | 4.8% | 6.0% | -3.6% | 3.9% | 0.1% | 1.3% | -1.0% |
| Market Cap | 280M | 170M | 336M | 725M | 320M | 916M | 1.3B | 2.5B | 1.5B | 1.6B | 1.7B | 1.2B | 4.2B |
| Avg. Price | 9.94 | 6.78 | 6.53 | 20.56 | 15.78 | 14.32 | 23.05 | 49.33 | 36.01 | 31.68 | 40.87 | 25.94 | 92.75 |
| Year-End Price | 9.38 | 5.39 | 10.03 | 21.15 | 8.21 | 23.40 | 31.22 | 57.34 | 32.15 | 34.95 | 36.53 | 26.04 | 92.75 |
Ultra Clean Holdings, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 275.8x vs a median of 21.6x. The company's 5-year average ROIC is 4.3% with a gross margin of 17.7%. Total shareholder yield (buybacks) is 1.0%. At current prices, the estimated annualized return to fair value is -19.1%.
Ultra Clean Holdings, Inc. (UCTT) has a debt-to-equity ratio of 0.92. This indicates moderate leverage.
Ultra Clean Holdings, Inc. (UCTT) reported earnings per share (EPS) of $-4.00 in its most recent fiscal year.
Ultra Clean Holdings, Inc. (UCTT) has a return on equity (ROE) of -22.9%. A negative ROE may indicate losses or negative equity.
Ultra Clean Holdings, Inc. (UCTT) has a 5-year average gross margin of 17.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Ultra Clean Holdings, Inc. (UCTT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ultra Clean Holdings, Inc. (UCTT) has a book value per share of $15.70, based on its most recent annual SEC filing.