UCTTNasdaqSemiconductors & Related DevicesFiscal year ends December 30
Ultra Clean Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 26, 2026Last filing: 10-Q on Aug 4, 2026
$52.80+1.80 (+3.53%)
Close on Oct 19, 2026
- Market cap
- $2.43B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
15.7%−5.1 pts over 5 years
Operating margin
-5.2%−13.9 pts over 5 years
Net margin
-8.8%−14.4 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 | -2.1% | -4.7% | +8.0% | +15.9% | |
| Gross profit | -9.4% | -11.4% | +2.0% | +16.3% | |
| Free cash flow | +920.0% | – | -24.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.8% | 16.0% | -22.9% | |
| Return on assets | 2.8% | 7.3% | -9.9% | |
| Current ratio | 2.35 | 2.71 | 3.19 | |
| Interest coverage | – | 7.2× | -2.8× | |
| Inventory turnover | 5.4× | 6.3× | 4.5× | |
| Capex to revenue | 1.3% | 2.6% | 2.4% | |
| Diluted shares | 33M | 0M | 45M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ultra Clean generated $525.30M from operations and spent $393.90M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
Generated
$525.30M
Used
$393.90M
Capital expenditure$349.00M89%Dividends$00%Share buybacks$44.90M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-8.8%
×Asset turnover1.13×
×Equity multiplier2.30×
=Return on equity, FY2025-22.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -8.8% | 1.13× | 2.30× | -22.9% |
| FY2024 | 1.1% | 1.11× | 2.21× | 2.8% |
| FY2023 | -1.8% | 0.91× | 2.22× | -3.6% |
| FY2022 | 1.7% | 1.24× | 2.20× | 4.7% |
| FY2021 | 5.7% | 1.42× | 2.15× | 17.3% |
| FY2020 | 5.5% | 1.32× | 2.19× | 16.0% |
| FY2019 | -0.9% | 1.07× | 2.27× | -2.2% |
| FY2018 | 3.3% | 1.43× | 2.08× | 9.9% |
| FY2017 | 8.1% | 1.96× | 1.83× | 29.1% |
| FY2016 | 1.8% | 1.57× | 1.72× | 4.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$181.20M
- Cash generatingOperating cash flow above zero$65.60M
- Return on assets improvedROA up on the prior year1.3% → -9.4%
- Earnings backed by cashOperating cash flow above net income$65.60M vs -$181.20M
- Less leverageLong-term debt to assets fell– → 27.0%
- Better liquidityCurrent ratio rose2.89 → 3.19
- No dilutionShare count did not rise45M → 45M
- Gross margin improvedGross margin up on the prior year16.99% → 15.72%
- More efficientAsset turnover rose1.12 → 1.07