Ultra Clean Holdings, Inc. | Small-cap | Technology
$27.86
-1.83%
| Ultra Clean Stock Comparison:
Ultra Clean vs Lam ResearchUltra Clean vs Applied MaterialsUltra Clean vs Veeco InstrumentsUltra Clean vs PhotronicsUltra Clean vs Indie SemiconductorUltra Clean vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 518.8M
Gross Profit 79.5M 15.32%
Operating Income 9.3M 1.79%
Net Income -160.5M -30.94%
EPS (Diluted) $-3.58

Balance Sheet Metrics

Total Assets 1.9B
Total Liabilities 954.2M
Shareholders Equity 936.8M
Debt to Equity 1.02

Cash Flow Metrics

Operating Cash Flow 40.0M
Free Cash Flow 15.8M

Revenue & Profitability Trend

Ultra Clean Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 2.1B 1.7B 2.4B 2.1B 1.4B
Cost of Goods Sold i 1.7B 1.5B 1.9B 1.7B 1.1B
Gross Profit i 356.3M 277.3M 465.0M 430.0M 291.8M
Gross Margin % i 17.0% 16.0% 19.6% 20.5% 20.9%
Operating Expenses
Research & Development i 28.3M 28.3M 28.5M 24.5M 14.8M
Selling, General & Administrative i 236.8M 213.8M 238.7M 219.8M 155.6M
Other Operating Expenses i - - - - -
Total Operating Expenses i 265.1M 242.1M 267.2M 244.3M 170.4M
Operating Income i 91.2M 35.2M 197.8M 185.7M 121.4M
Operating Margin % i 4.3% 2.0% 8.3% 8.8% 8.7%
Non-Operating Items
Interest Income i 4.8M 4.1M 900.0K 400.0K 900.0K
Interest Expense i 46.5M 48.8M 33.9M 24.2M 16.9M
Other Non-Operating Income 17.7M -1.8M -76.5M -7.6M -5.7M
Pre-tax Income i 67.2M -11.3M 88.3M 154.3M 99.7M
Income Tax i 32.7M 10.9M 37.9M 27.9M 19.3M
Effective Tax Rate % i 48.7% 0.0% 42.9% 18.1% 19.4%
Net Income i 34.5M -22.2M 50.4M 126.4M 80.4M
Net Margin % i 1.6% -1.3% 2.1% 6.0% 5.7%
Key Metrics
EBITDA i 189.8M 99.2M 268.0M 246.0M 161.4M
EPS (Basic) i $0.53 $-0.70 $0.89 $2.75 $1.93
EPS (Diluted) i $0.52 $-0.70 $0.88 $2.69 $1.89
Basic Shares Outstanding i 44900000 44700000 45200000 43498000 40198000
Diluted Shares Outstanding i 44900000 44700000 45200000 43498000 40198000

Income Statement Trend

Ultra Clean Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 313.9M 307.0M 358.8M 466.5M 200.3M
Short-term Investments i - - - - -
Accounts Receivable i 241.1M 180.8M 253.7M 250.1M 145.5M
Inventory i 381.0M 374.5M 443.9M 379.2M 180.4M
Other Current Assets 34.1M 30.9M 42.4M 41.3M 18.9M
Total Current Assets i 970.1M 893.2M 1.1B 1.1B 545.1M
Non-Current Assets
Property, Plant & Equipment i 161.0M 151.7M 99.0M 83.4M 37.8M
Goodwill i 715.5M 745.7M 685.5M 785.7M 502.7M
Intangible Assets i 184.9M 215.3M 187.9M 245.7M 160.5M
Long-term Investments - - - - -
Other Non-Current Assets 12.7M 14.0M 46.8M 46.9M 28.8M
Total Non-Current Assets i 949.8M 974.5M 862.1M 888.3M 557.4M
Total Assets i 1.9B 1.9B 2.0B 2.0B 1.1B
Liabilities
Current Liabilities
Accounts Payable i 212.5M 192.9M 253.5M 332.9M 121.3M
Short-term Debt i 34.6M 35.7M 37.9M 39.4M 19.1M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 38.4M 33.7M 45.3M 50.0M 26.3M
Total Current Liabilities i 335.6M 310.0M 389.2M 469.1M 201.2M
Non-Current Liabilities
Long-term Debt i 625.7M 604.2M 573.3M 595.8M 292.7M
Deferred Tax Liabilities i 16.1M 19.0M 52.2M 54.9M 33.6M
Other Non-Current Liabilities 6.7M 37.3M 9.2M 12.9M 23.8M
Total Non-Current Liabilities i 648.5M 660.5M 634.7M 663.6M 350.1M
Total Liabilities i 984.1M 970.5M 1.0B 1.1B 551.3M
Equity
Common Stock i 100.0K 100.0K 100.0K 100.0K 100.0K
Retained Earnings i 370.4M 346.7M 377.8M 337.4M 217.9M
Treasury Stock i 45.0M 45.0M 15.4M 3.3M 3.3M
Other Equity - - - - -
Total Shareholders Equity i 935.8M 897.2M 937.0M 892.7M 551.2M
Key Metrics
Total Debt i 660.3M 639.9M 611.2M 635.2M 311.8M
Working Capital i 634.5M 583.2M 709.6M 668.0M 343.9M

Balance Sheet Composition

Ultra Clean Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 34.5M -22.2M 50.4M 126.4M 80.4M
Depreciation & Amortization i 76.1M 61.7M 68.4M 67.5M 44.8M
Stock-Based Compensation i 17.4M 12.1M 19.1M 15.8M 12.7M
Working Capital Changes i -35.2M 90.3M -175.1M -8.9M -61.9M
Operating Cash Flow i 92.8M 133.4M -33.5M 193.7M 77.3M
Investing Activities
Capital Expenditures i -63.5M -73.6M -99.6M -51.6M -29.8M
Acquisitions i 0 -46.1M 3.4M -342.8M 0
Investment Purchases i - 0 0 -10.4M -
Investment Sales i - - - - -
Investing Cash Flow i -63.5M -119.7M -96.2M -415.2M -29.8M
Financing Activities
Share Repurchases i 0 -29.4M -12.1M 0 0
Dividends Paid i -500.0K - - 0 0
Debt Issuance i 67.7M 0 0 415.2M 76.7M
Debt Repayment i -54.4M -38.6M -39.7M -131.8M -105.5M
Financing Cash Flow i 9.8M -69.9M -56.0M 460.8M -31.1M
Free Cash Flow i 1.5M 60.1M -52.9M 152.3M 60.9M
Net Change in Cash i 39.1M -56.2M -185.7M 239.3M 16.4M

Cash Flow Trend

Ultra Clean Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 39.89
Forward P/E 9.93
Price to Book 1.73
Price to Sales 0.62
PEG Ratio -0.04

Profitability Ratios

Profit Margin -7.15%
Operating Margin 1.79%
Return on Equity -16.76%
Return on Assets 2.53%

Financial Health

Current Ratio 3.06
Debt to Equity 82.10
Beta 2.14

Per Share Data

EPS (TTM) $-3.39
Book Value per Share $15.88
Revenue per Share $47.42

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
uctt 1.4B 39.89 1.73 -16.76% -7.15% 82.10
Lam Research 191.0B 33.82 18.06 58.24% 29.07% 48.23
Applied Materials 168.5B 25.25 8.64 35.63% 23.88% 34.67
Veeco Instruments 1.9B 29.02 2.08 7.71% 8.65% 30.69
Photronics 1.5B 13.15 1.19 10.29% 12.67% 0.00
Indie Semiconductor 901.4M -5.97 2.23 -36.56% -71.59% 88.91

Financial data is updated regularly. All figures are in the company's reporting currency.