Ultra Clean Hldgs Inc Financials
This page shows Ultra Clean Hldgs Inc (UCTT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ultra Clean Hldgs Inc has an operating margin of 4.3%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is up from 2.0% the prior year.
Ultra Clean Hldgs Inc's revenue surged 20.9% year-over-year to $2.1B, reflecting rapid business expansion. This strong growth earns a score of 88/100.
Ultra Clean Hldgs Inc carries a low D/E ratio of 0.57, meaning only $0.57 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.89, Ultra Clean Hldgs Inc holds $2.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 96/100.
While Ultra Clean Hldgs Inc generated $65.0M in operating cash flow, capex of $63.5M consumed most of it, leaving $1.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ultra Clean Hldgs Inc generates a 2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100.
Ultra Clean Hldgs Inc scores 3.45, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Ultra Clean Hldgs Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ultra Clean Hldgs Inc generates $2.74 in operating cash flow ($65.0M OCF vs $23.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Ultra Clean Hldgs Inc earns $2.0 in operating income for every $1 of interest expense ($91.2M vs $46.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Ultra Clean Hldgs Inc generated $2.1B in revenue in fiscal year 2024. This represents an increase of 20.9% from the prior year.
Ultra Clean Hldgs Inc's EBITDA was $136.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 88.0% from the prior year.
Ultra Clean Hldgs Inc generated $1.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 97.5% from the prior year.
Ultra Clean Hldgs Inc reported $23.7M in net income in fiscal year 2024. This represents an increase of 176.2% from the prior year.
Ultra Clean Hldgs Inc earned $0.52 per diluted share (EPS) in fiscal year 2024. This represents an increase of 174.3% from the prior year.
Ultra Clean Hldgs Inc held $313.9M in cash against $499.7M in long-term debt as of fiscal year 2024.
Ultra Clean Hldgs Inc had 45M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.
Ultra Clean Hldgs Inc's gross margin was 17.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Ultra Clean Hldgs Inc's operating margin was 4.3% in fiscal year 2024, reflecting core business profitability. This is up 2.3 percentage points from the prior year.
Ultra Clean Hldgs Inc's net profit margin was 1.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.9 percentage points from the prior year.
Ultra Clean Hldgs Inc's ROE was 2.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Ultra Clean Hldgs Inc invested $28.3M in research and development in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Ultra Clean Hldgs Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Ultra Clean Hldgs Inc invested $63.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 16.2% from the prior year.
UCTT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $510.0M-1.7% | $518.8M0.0% | $518.6M-8.0% | $563.4M+9.2% | $516.1M+8.0% | $477.7M+7.4% | $444.7M+2.2% | $435.0M |
| Cost of Revenue | $427.8M-2.6% | $439.3M+1.1% | $434.6M-7.8% | $471.6M+10.3% | $427.6M+8.2% | $395.1M+5.7% | $373.7M+1.1% | $369.8M |
| Gross Profit | $82.2M+3.4% | $79.5M-5.4% | $84.0M-8.5% | $91.8M+3.7% | $88.5M+7.1% | $82.6M+16.3% | $71.0M+8.9% | $65.2M |
| R&D Expenses | $7.8M0.0% | $7.8M+2.6% | $7.6M+7.0% | $7.1M0.0% | $7.1M+1.4% | $7.0M+6.1% | $6.6M-10.8% | $7.4M |
| SG&A Expenses | $48.7M+3.8% | $46.9M-3.5% | $48.6M+9.2% | $44.5M+1.8% | $43.7M-2.0% | $44.6M-4.5% | $46.7M+18.8% | $39.3M |
| Operating Income | $10.6M+107.5% | -$141.8M-1199.2% | $12.9M-50.0% | $25.8M+12.7% | $22.9M+32.4% | $17.3M+284.4% | $4.5M-21.1% | $5.7M |
| Interest Expense | $9.9M-2.0% | $10.1M+2.0% | $9.9M-6.6% | $10.6M-9.4% | $11.7M-4.1% | $12.2M-5.4% | $12.9M+4.9% | $12.3M |
| Income Tax | $8.7M+20.8% | $7.2M-2.7% | $7.4M+68.2% | $4.4M-48.2% | $8.5M-14.1% | $9.9M+259.7% | -$6.2M-217.0% | $5.3M |
| Net Income | -$10.9M+93.3% | -$162.0M-3140.0% | -$5.0M-130.7% | $16.3M-14.7% | $19.1M+303.2% | -$9.4M-147.4% | -$3.8M+73.8% | -$14.5M |
| EPS (Diluted) | $-0.24+93.3% | $-3.58-3154.5% | $-0.11-130.6% | $0.36-14.3% | $0.42+300.0% | $-0.21-133.3% | $-0.09+71.9% | $-0.32 |
UCTT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B-1.4% | $1.7B-7.7% | $1.9B-1.5% | $1.9B-0.4% | $1.9B+2.1% | $1.9B+1.1% | $1.9B+1.2% | $1.8B |
| Current Assets | $941.4M-1.5% | $955.8M+0.8% | $947.8M-2.3% | $970.1M+1.0% | $960.8M+5.7% | $908.7M+1.7% | $893.2M-3.5% | $925.8M |
| Cash & Equivalents | $314.1M-4.1% | $327.4M+3.1% | $317.6M+1.2% | $313.9M-1.8% | $319.5M+9.0% | $293.0M-4.6% | $307.0M-10.2% | $342.0M |
| Inventory | $382.2M+1.8% | $375.6M+0.3% | $374.6M-1.7% | $381.0M-4.7% | $399.9M+3.0% | $388.1M+3.6% | $374.5M-1.0% | $378.3M |
| Accounts Receivable | $199.5M-3.5% | $206.7M-5.1% | $217.9M-9.6% | $241.1M+16.5% | $206.9M+6.4% | $194.5M+7.6% | $180.8M+6.0% | $170.5M |
| Goodwill | $114.2M0.0% | $114.2M-57.0% | $265.3M0.0% | $265.3M0.0% | $265.2M0.0% | $265.2M0.0% | $265.2M+6.6% | $248.8M |
| Total Liabilities | $939.2M-1.7% | $955.8M+0.2% | $954.2M-3.0% | $984.1M-3.1% | $1.0B+1.7% | $998.5M+2.9% | $970.5M+2.1% | $950.4M |
| Current Liabilities | $293.4M-6.0% | $312.0M-0.4% | $313.2M-6.7% | $335.6M-4.5% | $351.4M+6.7% | $329.4M+6.3% | $310.0M+5.6% | $293.6M |
| Long-Term Debt | N/A | N/A | N/A | $499.7M | N/A | N/A | N/A | N/A |
| Total Equity | $709.9M-1.3% | $719.4M-17.5% | $872.0M-0.2% | $873.6M+2.5% | $852.3M+2.6% | $830.9M-1.0% | $838.9M+0.1% | $838.0M |
| Retained Earnings | $192.5M-5.4% | $203.4M-44.3% | $365.4M-1.3% | $370.4M+3.9% | $356.4M+5.7% | $337.3M-2.7% | $346.7M-1.1% | $350.5M |
UCTT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $100K-99.7% | $29.2M+3.5% | $28.2M+64.9% | $17.1M-26.3% | $23.2M+136.7% | $9.8M-72.2% | $35.3M-2.5% | $36.2M |
| Capital Expenditures | $11.0M-34.5% | $16.8M+35.5% | $12.4M-28.3% | $17.3M+33.1% | $13.0M-27.8% | $18.0M+8.4% | $16.6M+36.1% | $12.2M |
| Free Cash Flow | -$10.9M-187.9% | $12.4M-21.5% | $15.8M+8000.0% | -$200K-102.0% | $10.2M+224.4% | -$8.2M-143.9% | $18.7M-22.1% | $24.0M |
| Investing Cash Flow | -$7.9M+52.7% | -$16.7M-34.7% | -$12.4M+28.3% | -$17.3M-33.1% | -$13.0M+27.4% | -$17.9M+71.5% | -$62.8M-503.8% | -$10.4M |
| Financing Cash Flow | -$3.5M+47.0% | -$6.6M+45.9% | -$12.2M-1320.0% | $1.0M-94.1% | $17.0M+477.8% | -$4.5M+49.4% | -$8.9M-117.1% | -$4.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Share Buybacks | $0 | N/A | N/A | $0 | $0 | $0-100.0% | $5.7M | $0 |
UCTT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.1%+0.8pp | 15.3%-0.9pp | 16.2%-0.1pp | 16.3%-0.9pp | 17.2%-0.1pp | 17.3%+1.3pp | 16.0%+1.0pp | 15.0% |
| Operating Margin | 2.1%+29.4pp | -27.3%-29.8pp | 2.5%-2.1pp | 4.6%+0.1pp | 4.4%+0.8pp | 3.6%+2.6pp | 1.0%-0.3pp | 1.3% |
| Net Margin | -2.1%+29.1pp | -31.2%-30.3pp | -1.0%-3.9pp | 2.9%-0.8pp | 3.7%+5.7pp | -2.0%-1.1pp | -0.9%+2.5pp | -3.3% |
| Return on Equity | N/A | N/A | N/A | 1.9%-0.4pp | 2.2% | N/A | N/A | N/A |
| Return on Assets | -0.6%+8.6pp | -9.3%-9.0pp | -0.3%-1.1pp | 0.9%-0.1pp | 1.0%+1.5pp | -0.5%-0.3pp | -0.2%+0.6pp | -0.8% |
| Current Ratio | 3.21+0.1 | 3.06+0.0 | 3.03+0.1 | 2.89+0.2 | 2.73-0.0 | 2.76-0.1 | 2.88-0.3 | 3.15 |
| Debt-to-Equity | 1.320.0 | 1.33+0.2 | 1.09+0.5 | 0.57-0.6 | 1.19-0.0 | 1.20+0.0 | 1.16+0.0 | 1.13 |
| FCF Margin | -2.1%-4.5pp | 2.4%-0.7pp | 3.0%+3.1pp | -0.0%-2.0pp | 2.0%+3.7pp | -1.7%-5.9pp | 4.2%-1.3pp | 5.5% |
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Frequently Asked Questions
What is Ultra Clean Hldgs Inc's annual revenue?
Ultra Clean Hldgs Inc (UCTT) reported $2.1B in total revenue for fiscal year 2024. This represents a 20.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ultra Clean Hldgs Inc's revenue growing?
Ultra Clean Hldgs Inc (UCTT) revenue grew by 20.9% year-over-year, from $1.7B to $2.1B in fiscal year 2024.
Is Ultra Clean Hldgs Inc profitable?
Yes, Ultra Clean Hldgs Inc (UCTT) reported a net income of $23.7M in fiscal year 2024, with a net profit margin of 1.1%.
What is Ultra Clean Hldgs Inc's earnings per share (EPS)?
Ultra Clean Hldgs Inc (UCTT) reported diluted earnings per share of $0.52 for fiscal year 2024. This represents a 174.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ultra Clean Hldgs Inc's EBITDA?
Ultra Clean Hldgs Inc (UCTT) had EBITDA of $136.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ultra Clean Hldgs Inc have?
As of fiscal year 2024, Ultra Clean Hldgs Inc (UCTT) had $313.9M in cash and equivalents against $499.7M in long-term debt.
What is Ultra Clean Hldgs Inc's gross margin?
Ultra Clean Hldgs Inc (UCTT) had a gross margin of 17.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ultra Clean Hldgs Inc's operating margin?
Ultra Clean Hldgs Inc (UCTT) had an operating margin of 4.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ultra Clean Hldgs Inc's net profit margin?
Ultra Clean Hldgs Inc (UCTT) had a net profit margin of 1.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ultra Clean Hldgs Inc's return on equity (ROE)?
Ultra Clean Hldgs Inc (UCTT) has a return on equity of 2.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Ultra Clean Hldgs Inc's free cash flow?
Ultra Clean Hldgs Inc (UCTT) generated $1.5M in free cash flow during fiscal year 2024. This represents a -97.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ultra Clean Hldgs Inc's operating cash flow?
Ultra Clean Hldgs Inc (UCTT) generated $65.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ultra Clean Hldgs Inc's total assets?
Ultra Clean Hldgs Inc (UCTT) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ultra Clean Hldgs Inc's capital expenditures?
Ultra Clean Hldgs Inc (UCTT) invested $63.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ultra Clean Hldgs Inc spend on research and development?
Ultra Clean Hldgs Inc (UCTT) invested $28.3M in research and development during fiscal year 2024.
How many shares does Ultra Clean Hldgs Inc have outstanding?
Ultra Clean Hldgs Inc (UCTT) had 45M shares outstanding as of fiscal year 2024.
What is Ultra Clean Hldgs Inc's current ratio?
Ultra Clean Hldgs Inc (UCTT) had a current ratio of 2.89 as of fiscal year 2024, which is generally considered healthy.
What is Ultra Clean Hldgs Inc's debt-to-equity ratio?
Ultra Clean Hldgs Inc (UCTT) had a debt-to-equity ratio of 0.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ultra Clean Hldgs Inc's return on assets (ROA)?
Ultra Clean Hldgs Inc (UCTT) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ultra Clean Hldgs Inc's Altman Z-Score?
Ultra Clean Hldgs Inc (UCTT) has an Altman Z-Score of 3.45, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ultra Clean Hldgs Inc's Piotroski F-Score?
Ultra Clean Hldgs Inc (UCTT) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ultra Clean Hldgs Inc's earnings high quality?
Ultra Clean Hldgs Inc (UCTT) has an earnings quality ratio of 2.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ultra Clean Hldgs Inc cover its interest payments?
Ultra Clean Hldgs Inc (UCTT) has an interest coverage ratio of 2.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ultra Clean Hldgs Inc?
Ultra Clean Hldgs Inc (UCTT) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.