TTMINasdaqPrinted Circuit BoardsFiscal year ends December 28
TTM TECHNOLOGIES INC
Financials through Q2 FY2026, quarter ended Jun 29, 2026Last filing: 10-Q on Aug 5, 2026
$99.10+5.22 (+5.56%)
Close on Oct 19, 2026
- Market cap
- $10.66B
- P/E (TTM)
- 44.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
20.7%+3.6 pts over 5 years
Operating margin
9.1%+7.8 pts over 5 years
Net margin
6.1%−2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.0% | +5.2% | +6.7% | +3.3% | |
| Gross profit | +26.0% | +9.5% | +10.9% | +6.9% | |
| Operating income | +128.1% | +7.9% | +56.6% | +15.7% | |
| Net income | +215.2% | +23.3% | -0.0% | – | |
| EPS, diluted | +211.1% | +22.7% | +0.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.3% | 13.0% | 10.7% | |
| Return on assets | 1.4% | 5.5% | 4.9% | |
| Current ratio | 1.47 | 2.41 | 1.93 | |
| Debt to equity | 1.24 | 0.58 | 0.52 | |
| Interest coverage | 2.3× | 0.4× | 5.8× | |
| Inventory turnover | 7.8× | 15.2× | 9.7× | |
| Capex to revenue | 3.4% | 4.9% | 10.1% | |
| Diluted shares | 101M | 106M | 105M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ttm Technologies generated $1.17B from operations and spent $1.00B on capital expenditure, dividends and share buybacks. 82% of that went back into the business.
Generated
$1.17B
Used
$1.00B
Capital expenditure$823.38M82%Dividends$00%Share buybacks$176.94M18%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.1%
×Asset turnover0.79×
×Equity multiplier2.20×
=Return on equity, FY202510.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.1% | 0.79× | 2.20× | 10.7% |
| FY2024 | 2.3% | 0.72× | 2.21× | 3.7% |
| FY2023 | -0.8% | 0.67× | 2.18× | -1.2% |
| FY2022 | 3.8% | 0.79× | 2.12× | 6.3% |
| FY2021 | 2.4% | 0.76× | 2.04× | 3.8% |
| FY2020 | 8.4% | 0.65× | 2.37× | 13.0% |
| FY2019 | 1.9% | 0.61× | 2.80× | 3.3% |
| FY2018 | 7.8% | 0.72× | 2.79× | 15.5% |
| FY2017 | 4.7% | 1.01× | 2.88× | 13.6% |
| FY2016 | 1.4% | 0.99× | 3.13× | 4.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$177.45M
- Cash generatingOperating cash flow above zero$291.88M
- Return on assets improvedROA up on the prior year1.7% → 5.1%
- Earnings backed by cashOperating cash flow above net income$291.88M vs $177.45M
- Less leverageLong-term debt to assets fell26.3% → 23.8%
- Better liquidityCurrent ratio rose1.99 → 1.93
- No dilutionShare count did not rise104M → 105M
- Gross margin improvedGross margin up on the prior year19.54% → 20.70%
- More efficientAsset turnover rose0.73 → 0.84