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TTM Technologies (TTMI) Financials

TTM Technologies logo
$110.54 -3.84 (-3.36%)
As of 08/21/2026 04:00 PM Eastern
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Annual Income Statements for TTM Technologies

Annual Income Statements for TTM Technologies

This table shows TTM Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/28/2015 1/2/2017 1/1/2018 12/31/2018 12/30/2019 12/28/2020 1/3/2022 1/2/2023 1/1/2024 12/30/2024 12/29/2025
Net Income / (Loss) Attributable to Common Shareholders		 -26 35 124 174 41 178 54 95 -19 56 177
Consolidated Net Income / (Loss)		 -26 36 125 174 41 178 54 95 -19 56 177
Net Income / (Loss) Continuing Operations		 -26 36 125 135 32 -16 54 95 -19 56 177
Total Pre-Tax Income 		8.98 67 140 47 34 -46 70 183 0.30 84 210
Total Operating Income		 61 173 213 119 110 28 126 210 42 116 265
Total Gross Profit		 310 424 430 403 377 359 372 458 413 477 602
Total Revenue		 2,095 2,533 2,659 2,238 2,133 2,105 2,249 2,495 2,233 2,443 2,906
Operating Revenue		 2,095 2,533 2,659 2,238 2,133 2,105 2,249 2,495 2,233 2,443 2,906
Total Cost of Revenue		 1,785 2,110 2,229 1,835 1,756 1,746 1,877 2,037 1,819 1,965 2,305
Operating Cost of Revenue		 1,785 2,110 2,229 1,835 1,756 1,746 1,877 2,037 1,819 1,965 2,305
Total Operating Expenses		 249 250 217 284 268 331 246 248 371 361 337
Selling, General & Admin Expense		 168 147 126 138 129 122 125 158 150 170 192
Marketing Expense		 57 66 66 70 69 64 63 75 77 80 85
Research & Development Expense		 - - - 14 18 20 18 25 27 32 29
Amortization Expense		 19 24 24 57 46 39 36 37 49 36 28
Impairment Charge		 0.00 3.35 - 0.00 0.00 69 0.00 0.00 44 33 0.00
Restructuring Charge		 7.38 8.95 1.19 4.66 5.38 17 4.25 4.09 24 11 2.85
Other Special Charges / (Income)		 -2.50 - - - - - 0.00 -52 0.00 0.00 0.00
Total Other Income / (Expense), net		 -52 -106 -73 -72 -75 -74 -56 -28 -42 -32 -54
Interest Expense		 61 124 55 76 82 73 61 46 49 48 45
Other Income / (Expense), net		 8.19 17 -18 3.98 6.78 -1.21 4.75 18 7.26 15 -9.01
Income Tax Expense		 35 31 15 -88 2.41 -30 16 88 19 28 33
Basic Earnings per Share		 ($0.28) $0.35 $1.22 $1.68 $0.39 $1.67 $0.51 $0.93 ($0.18) $0.55 $1.73
Weighted Average Basic Shares Outstanding		 92.40M 100.10M 101.58M 103.36M 105.51M 106.77M 102.77M 102.58M 101.91M 102.11M 103.40M
Diluted Earnings per Share		 ($0.28) $0.34 $1.04 $1.38 $0.39 $1.67 $0.50 $0.91 ($0.18) $0.54 $1.68
Weighted Average Diluted Shares Outstanding		 92.40M 100.10M 101.58M 103.36M 105.51M 106.77M 102.77M 102.58M 101.91M 102.11M 103.40M
Weighted Average Basic & Diluted Shares Outstanding		 92.40M 100.10M 101.58M 103.36M 105.51M 106.77M 102.77M 102.58M 101.91M 102.11M 103.40M

Quarterly Income Statements for TTM Technologies

This table shows TTM Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/1/2024 4/1/2024 7/1/2024 9/30/2024 12/30/2024 3/31/2025 6/30/2025 9/29/2025 12/29/2025 3/30/2026 6/29/2026
Net Income / (Loss) Attributable to Common Shareholders		 17 10 26 14 5.17 32 42 53 51 50 83
Consolidated Net Income / (Loss)		 17 10 26 14 5.17 32 42 53 51 50 83
Net Income / (Loss) Continuing Operations		 17 10 26 14 5.17 32 42 53 51 50 83
Total Pre-Tax Income 		18 14 31 25 14 41 46 62 62 59 81
Total Operating Income		 35 17 39 51 9.03 50 62 72 81 72 109
Total Gross Profit		 115 104 117 130 127 131 148 157 166 181 212
Total Revenue		 569 570 605 617 651 649 731 753 774 846 1,004
Operating Revenue		 569 570 605 617 651 649 731 753 774 846 1,004
Total Cost of Revenue		 454 466 488 487 524 518 583 596 608 665 792
Operating Cost of Revenue		 454 466 488 487 524 518 583 596 608 665 792
Total Operating Expenses		 81 87 78 79 118 81 86 85 85 109 103
Selling, General & Admin Expense		 38 44 39 43 45 44 50 49 50 69 62
Marketing Expense		 19 20 20 20 20 21 21 22 21 25 25
Research & Development Expense		 7.59 7.32 8.55 8.05 7.92 8.06 7.01 7.04 6.88 7.81 7.98
Amortization Expense		 11 11 10 6.95 6.91 6.89 6.89 6.89 6.89 6.89 6.89
Restructuring Charge		 5.29 3.94 1.04 1.39 4.83 0.71 1.41 0.51 0.22 0.30 0.34
Total Other Income / (Expense), net		 -17 -3.00 -8.45 -26 5.30 -9.27 -16 -10 -19 -14 -28
Interest Expense		 13 12 12 12 11 11 11 10 12 11 11
Other Income / (Expense), net		 -3.39 9.33 3.77 -14 17 2.20 -5.15 0.31 -6.37 -3.32 -17
Income Tax Expense		 0.55 3.60 4.18 11 9.16 8.81 4.00 8.76 11 8.54 -1.80
Basic Earnings per Share		 $0.17 $0.10 $0.26 $0.14 $0.05 $0.32 $0.41 $0.51 $0.49 $0.48 $0.80
Weighted Average Basic Shares Outstanding		 101.91M 101.78M 101.95M 101.97M 102.11M 101.63M 103.31M 103.33M 103.40M 103.85M 105.35M
Diluted Earnings per Share		 $0.17 $0.10 $0.25 $0.14 $0.05 $0.31 $0.40 $0.50 $0.47 $0.47 $0.77
Weighted Average Diluted Shares Outstanding		 101.91M 101.78M 101.95M 101.97M 102.11M 101.63M 103.31M 103.33M 103.40M 103.85M 105.35M
Weighted Average Basic & Diluted Shares Outstanding		 101.91M 101.78M 101.95M 101.97M 102.11M 101.63M 103.31M 103.33M 103.40M 103.85M 105.35M

Annual Cash Flow Statements for TTM Technologies

This table details how cash moves in and out of TTM Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/28/2015 1/2/2017 1/1/2018 12/31/2018 12/30/2019 12/28/2020 1/3/2022 1/2/2023 1/1/2024 12/30/2024 12/29/2025
Net Change in Cash & Equivalents		 -20 -2.82 153 -153 144 51 86 -135 47 54 -2.70
Net Cash From Operating Activities		 237 298 333 273 312 287 177 273 187 237 292
Net Cash From Continuing Operating Activities		 237 298 333 273 312 287 177 273 187 237 292
Net Income / (Loss) Continuing Operations		 -26 36 125 174 41 178 54 95 -19 56 177
Consolidated Net Income / (Loss)		 -26 36 125 174 41 178 54 95 -19 56 177
Depreciation Expense		 134 156 151 163 167 121 86 91 99 105 110
Amortization Expense		 34 43 35 78 68 63 43 45 64 47 39
Non-Cash Adjustments To Reconcile Net Income		 -0.77 62 19 17 16 -177 -19 -17 109 -27 -45
Changes in Operating Assets and Liabilities, net		 96 1.01 3.56 -158 20 103 11 59 -66 55 10
Net Cash From Discontinued Operating Activities		 - - - - - - 0.00 0.00 0.00 0.00 0.00
Net Cash From Investing Activities		 -248 -78 -124 -746 -136 404 -84 -395 -92 -146 -274
Net Cash From Continuing Investing Activities		 -248 -78 -124 -746 -136 404 -84 -395 -92 -146 -274
Purchase of Property, Plant & Equipment		 -100 -85 -151 -150 -143 -103 -82 -103 -160 -186 -293
Acquisitions		 -169 - - -596 - 0.00 -3.19 -298 0.00 0.00 0.00
Sale of Property, Plant & Equipment		 21 3.64 27 0.33 6.60 0.74 1.43 6.01 6.54 33 0.78
Divestitures		 - - - 0.00 0.00 507 0.00 0.00 0.00 0.00 0.00
Other Investing Activities, net		 -0.02 3.53 - 0.00 0.00 -0.62 -0.43 -0.25 62 6.66 18
Net Cash From Financing Activities		 -5.76 -217 -59 321 -32 -642 -7.23 -11 -48 -37 -21
Net Cash From Continuing Financing Activities		 -5.76 -217 -59 321 -32 -642 -7.23 -11 -48 -37 -21
Repayment of Debt		 -1,003 -1,024 -774 -301 -32 -642 -439 -50 -297 -11 -4.78
Repurchase of Common Equity		 - - - - 0.00 0.00 -65 -35 -24 -34 -18
Issuance of Debt		 1,030 805 725 623 0.00 0.00 500 50 285 8.42 0.00
Other Financing Activities, net		 -33 1.74 -10 -1.31 0.00 0.00 -3.23 24 -11 0.00 1.74
Effect of Exchange Rate Changes		 -3.99 -6.08 3.36 -0.97 -0.36 2.25 0.86 -1.03 -0.12 -0.14 0.28
Cash Interest Paid		 34 72 39 63 71 59 42 43 48 49 46
Cash Income Taxes Paid		 14 25 20 28 20 18 5.21 4.57 54 19 37

Quarterly Cash Flow Statements for TTM Technologies

This table details how cash moves in and out of TTM Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/1/2024 4/1/2024 7/1/2024 9/30/2024 12/30/2024 3/31/2025 6/30/2025 9/29/2025 12/29/2025 3/30/2026 6/29/2026
Net Change in Cash & Equivalents		 42 -9.82 5.86 23 34 -93 37 43 10 -91 98
Net Cash From Operating Activities		 47 44 42 65 86 -11 98 142 63 22 96
Net Cash From Continuing Operating Activities		 47 44 42 65 86 -11 98 142 63 22 96
Net Income / (Loss) Continuing Operations		 17 10 26 14 5.17 32 42 53 51 50 83
Consolidated Net Income / (Loss)		 17 10 26 14 5.17 32 42 53 51 50 83
Depreciation Expense		 25 25 26 28 27 27 28 28 28 29 31
Amortization Expense		 14 14 13 9.78 9.78 9.76 9.76 9.77 9.77 9.78 9.81
Non-Cash Adjustments To Reconcile Net Income		 20 -22 -11 -4.63 10 16 -42 -10 -8.96 -21 -69
Changes in Operating Assets and Liabilities, net		 -29 16 -13 18 34 -96 61 62 -17 -47 41
Net Cash From Investing Activities		 -46 -43 -9.96 -41 -53 -63 -60 -99 -51 -107 -50
Net Cash From Continuing Investing Activities		 -46 -43 -9.96 -41 -53 -63 -60 -99 -51 -107 -50
Purchase of Property, Plant & Equipment		 -46 -49 -39 -41 -56 -63 -60 -99 -69 -107 -62
Sale of Property, Plant & Equipment		 0.12 0.05 30 0.04 3.27 0.10 0.17 0.22 0.29 0.05 12
Net Cash From Financing Activities		 40 -11 -26 -1.11 1.40 -19 -0.95 0.55 -1.70 -6.20 52
Net Cash From Continuing Financing Activities		 40 -11 -26 -1.11 1.40 -19 -0.95 0.55 -1.70 -6.20 52
Repayment of Debt		 - -1.75 -0.88 -7.22 -0.92 -0.95 -0.95 -0.95 -1.94 -1.20 -147
Effect of Exchange Rate Changes		 0.18 -0.07 -0.02 0.21 -0.26 0.03 0.09 0.03 0.14 0.07 0.09
Cash Interest Paid		 5.20 20 7.47 16 6.34 17 6.57 16 6.39 16 6.28
Cash Income Taxes Paid		 26 4.31 7.16 3.72 3.57 10 5.02 4.00 18 5.31 4.49

Annual Balance Sheets for TTM Technologies

This table presents TTM Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/28/2015 1/2/2017 1/1/2018 12/31/2018 12/30/2019 12/28/2020 1/3/2022 1/2/2023 1/1/2024 12/30/2024 12/29/2025
Total Assets		 2,640 2,500 2,782 3,458 3,561 2,896 3,026 3,324 3,324 3,472 3,840
Total Current Assets		 1,023 1,013 1,221 1,207 1,343 1,249 1,407 1,493 1,430 1,607 1,855
Cash & Equivalents		 259 256 409 256 380 452 538 403 450 504 501
Accounts Receivable		 456 433 484 523 504 381 386 473 414 449 564
Inventories, net		 269 269 295 109 114 116 128 171 213 225 250
Prepaid Expenses		 35 55 33 30 23 27 31 41 54 48 72
Other Current Assets		 - - 0.00 288 255 273 325 405 292 381 468
Plant, Property, & Equipment, net		 1,103 967 1,057 1,052 678 650 666 724 808 870 1,011
Total Noncurrent Assets		 515 521 504 1,199 1,540 997 952 1,106 1,086 996 974
Goodwill		 347 373 373 767 707 637 637 760 703 670 670
Intangible Assets		 151 127 103 376 326 281 240 288 237 192 155
Other Noncurrent Operating Assets		 17 21 28 56 82 78 75 58 147 134 149
Total Liabilities & Shareholders' Equity		 2,640 2,500 2,782 3,458 3,561 2,896 3,026 3,324 3,324 3,472 3,840
Total Liabilities		 1,813 1,671 1,771 2,230 2,282 1,452 1,570 1,788 1,813 1,909 2,078
Total Current Liabilities		 745 689 720 673 947 518 558 761 704 809 962
Short-Term Debt		 157 111 4.58 30 250 - - 50 3.50 3.80 3.82
Accounts Payable		 377 372 497 431 330 327 361 362 335 406 544
Current Deferred Revenue		 - - - - - - 14 - 127 171 176
Current Employee Benefit Liabilities		 109 97 104 95 85 97 89 116 99 108 133
Other Current Liabilities		 - 12 0.00 117 96 94 93 234 141 120 106
Total Noncurrent Liabilities		 1,068 982 1,050 1,557 1,335 934 1,012 1,027 1,109 1,100 1,116
Long-Term Debt		 1,013 909 975 1,462 1,226 843 928 879 914 914 912
Other Noncurrent Operating Liabilities		 55 73 75 95 108 91 84 147 194 185 204
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 827 829 1,011 1,227 1,279 1,444 1,455 1,536 1,511 1,564 1,762
Total Preferred & Common Equity		 819 821 1,011 1,227 1,279 1,444 1,455 1,536 1,511 1,564 1,762
Total Common Equity		 819 821 1,011 1,227 1,279 1,444 1,455 1,536 1,511 1,564 1,762
Common Stock		 746 759 777 798 815 831 840 858 881 911 952
Retained Earnings		 46 75 231 433 474 652 706 801 782 838 1,016
Treasury Stock		 - - - - - 0.00 -64 -99 -123 -158 -175
Accumulated Other Comprehensive Income / (Loss)		 1.62 -44 3.40 -3.92 -10 -39 -27 -25 -29 -28 -31

Quarterly Balance Sheets for TTM Technologies

This table presents TTM Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 4/3/2023 7/3/2023 10/2/2023 4/1/2024 7/1/2024 9/30/2024 3/31/2025 6/30/2025 9/29/2025 3/30/2026 6/29/2026
Total Assets		 3,176 3,148 3,267 3,299 3,343 3,419 3,455 3,578 3,721 3,981 4,416
Total Current Assets		 1,378 1,336 1,353 1,406 1,453 1,525 1,584 1,676 1,756 1,914 2,250
Cash & Equivalents		 417 399 408 440 446 470 411 448 491 410 508
Accounts Receivable		 399 387 391 368 401 423 496 495 500 618 720
Inventories, net		 177 187 206 221 217 228 247 250 254 280 308
Prepaid Expenses		 34 45 37 57 49 42 52 58 64 92 118
Other Current Assets		 351 313 304 321 340 363 378 425 447 513 596
Plant, Property, & Equipment, net		 714 710 808 826 838 859 888 919 992 1,067 1,188
Total Noncurrent Assets		 1,084 1,103 1,105 1,067 1,052 1,035 982 982 973 1,000 978
Goodwill		 746 747 703 703 703 703 670 670 670 670 670
Intangible Assets		 271 264 250 223 210 201 183 173 164 146 136
Other Noncurrent Operating Assets		 67 92 152 141 139 131 129 139 138 184 171
Total Liabilities & Shareholders' Equity		 3,176 3,148 3,267 3,299 3,343 3,419 3,455 3,578 3,721 3,981 4,416
Total Liabilities		 1,648 1,604 1,765 1,778 1,814 1,872 1,868 1,941 2,019 2,143 2,481
Total Current Liabilities		 628 602 688 671 712 763 765 828 905 1,015 1,264
Short-Term Debt		 0.00 - - 2.63 2.63 3.47 3.80 3.81 3.81 3.85 4.00
Accounts Payable		 313 306 336 349 371 387 395 448 506 608 813
Current Deferred Revenue		 - 115 102 117 129 138 175 162 149 175 187
Current Employee Benefit Liabilities		 86 74 94 89 90 113 92 102 131 116 121
Other Current Liabilities		 229 103 153 114 120 122 99 112 115 113 139
Total Noncurrent Liabilities		 1,021 1,002 1,077 1,106 1,102 1,108 1,103 1,113 1,114 1,128 1,217
Long-Term Debt		 880 864 865 914 913 913 914 913 913 912 969
Other Noncurrent Operating Liabilities		 141 137 212 193 189 196 189 200 201 216 248
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,528 1,544 1,501 1,521 1,529 1,547 1,587 1,637 1,701 1,838 1,934
Total Preferred & Common Equity		 1,528 1,544 1,501 1,521 1,529 1,547 1,587 1,637 1,701 1,838 1,934
Total Common Equity		 1,528 1,544 1,501 1,521 1,529 1,547 1,587 1,637 1,701 1,838 1,934
Common Stock		 863 869 875 888 894 903 920 929 940 970 962
Retained Earnings		 795 802 765 793 819 833 871 912 965 1,066 1,149
Treasury Stock		 -99 -99 -113 -132 -158 -158 -175 -175 -175 -168 -147
Accumulated Other Comprehensive Income / (Loss)		 -32 -27 -25 -27 -27 -31 -28 -29 -29 -30 -29

Annual Metrics And Ratios for TTM Technologies

This table displays calculated financial ratios and metrics derived from TTM Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/28/2015 1/2/2017 1/1/2018 12/31/2018 12/30/2019 12/28/2020 1/3/2022 1/2/2023 1/1/2024 12/30/2024 12/29/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 58.06% 20.90% 4.94% -15.83% -4.67% -1.31% 6.81% 10.95% -10.52% 9.41% 18.98%
EBITDA Growth		 47.87% 64.43% -2.64% -4.39% -3.53% -39.96% 23.63% 40.07% -41.69% 33.47% 42.79%
EBIT Growth		 49.12% 174.38% 2.02% -36.83% -5.32% -76.91% 386.42% 74.68% -78.29% 165.18% 94.48%
NOPAT Growth		 -670.72% 152.60% 105.88% 80.04% -70.14% -80.71% 397.67% 11.21% -2,550.52% 102.92% 186.93%
Net Income Growth		 -274.36% 238.87% 250.60% 39.17% -76.21% 329.86% -69.35% 73.82% -119.79% 400.77% 215.19%
EPS Growth		 -255.56% 221.43% 205.88% 32.69% -71.74% 328.21% -70.06% 82.00% -119.78% 400.00% 211.11%
Operating Cash Flow Growth		 82.93% 25.64% 11.54% -17.92% 14.20% -7.94% -38.49% 54.49% -31.37% 26.49% 23.21%
Free Cash Flow Firm Growth		 -2,523.89% 124.14% -14.66% -369.80% 191.94% -48.96% -65.41% -223.11% -2,289.06% 102.78% -66.29%
Invested Capital Growth		 84.73% -8.20% -0.65% 55.69% -16.01% -11.29% 0.56% 11.74% -4.38% 0.31% 10.07%
Revenue Q/Q Growth		 15.29% 1.51% 1.25% -22.18% 25.56% -0.56% 3.42% 0.77% -2.11% 3.47% 4.43%
EBITDA Q/Q Growth		 16.74% 9.91% -2.27% -12.78% 6.20% -8.53% 0.23% 22.18% -22.37% -2.97% 14.23%
EBIT Q/Q Growth		 21.43% 25.02% -5.45% -35.63% 32.07% -1.24% 4.12% 38.19% -56.51% -4.12% 23.62%
NOPAT Q/Q Growth		 -79.22% -0.05% 24.22% 29.16% -76.76% -0.79% -41.39% -7.38% -5,423.19% -29.76% 42.67%
Net Income Q/Q Growth		 -20.06% -24.38% 69.46% 1.86% -39.73% 7.99% -35.54% -2.44% 37.69% -17.77% 34.50%
EPS Q/Q Growth		 -33.33% -22.73% 57.58% 2.22% -31.58% 9.15% -37.50% -3.19% 40.00% -18.18% 33.33%
Operating Cash Flow Q/Q Growth		 58.27% -12.39% 19.82% -0.34% -6.48% -20.63% 4.05% 5.89% -13.84% 19.46% -7.34%
Free Cash Flow Firm Q/Q Growth		 4.16% -28.09% 19.88% 14.61% -11.50% -57.59% -32.24% 19.90% -2,362.47% 1.59% 3.21%
Invested Capital Q/Q Growth		 -7.58% -3.08% -2.88% -2.46% -13.92% 0.51% -0.97% -2.53% 0.93% -0.79% 2.36%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 14.80% 16.72% 16.16% 17.99% 17.68% 17.05% 16.54% 18.36% 18.51% 19.54% 20.70%
EBITDA Margin		 11.33% 15.41% 14.29% 16.24% 16.43% 10.00% 11.57% 14.61% 9.52% 11.61% 13.94%
Operating Margin		 2.93% 6.85% 8.00% 5.32% 5.14% 1.33% 5.60% 8.43% 1.90% 4.75% 9.11%
EBIT Margin		 3.32% 7.53% 7.32% 5.49% 5.46% 1.28% 5.81% 9.15% 2.22% 5.38% 8.80%
Profit (Net Income) Margin		 -1.22% 1.40% 4.69% 7.76% 1.94% 8.43% 2.42% 3.79% -0.84% 2.30% 6.11%
Tax Burden Percent		 -285.41% 53.10% 89.12% 367.88% 120.32% -383.64% 77.68% 51.72% -6,302.36% 67.06% 84.36%
Interest Burden Percent		 12.91% 35.12% 71.91% 38.38% 29.49% -172.17% 53.58% 80.07% 0.60% 63.86% 82.27%
Effective Tax Rate		 385.41% 46.90% 10.88% -186.94% 7.01% 0.00% 22.32% 48.28% 6,402.36% 32.94% 15.64%
Return on Invested Capital (ROIC)		 -13.09% 5.54% 11.95% 16.88% 4.50% 1.01% 5.32% 5.57% -132.22% 3.94% 10.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.32% -1.23% 2.22% -1.70% -1.49% 27.74% -5.80% 2.46% 404.10% -0.98% -0.31%
Return on Net Nonoperating Assets (RNNOA)		 9.77% -1.24% 1.61% -1.37% -1.20% 12.03% -1.56% 0.75% 130.99% -0.28% -0.08%
Return on Equity (ROE)		 -3.32% 4.30% 13.55% 15.51% 3.30% 13.04% 3.75% 6.32% -1.23% 3.66% 10.67%
Cash Return on Invested Capital (CROIC)		 -72.61% 14.09% 12.60% -26.68% 21.90% 12.97% 4.76% -5.52% -127.74% 3.63% 1.16%
Operating Return on Assets (OROA)		 3.28% 7.42% 7.37% 3.94% 3.32% 0.83% 4.42% 7.19% 1.49% 3.87% 6.99%
Return on Assets (ROA)		 -1.21% 1.38% 4.72% 5.56% 1.18% 5.50% 1.84% 2.98% -0.56% 1.66% 4.85%
Return on Common Equity (ROCE)		 -3.31% 4.26% 13.49% 15.51% 3.30% 13.04% 3.75% 6.32% -1.23% 3.66% 10.67%
Return on Equity Simple (ROE_SIMPLE)		 -3.13% 4.33% 12.33% 14.15% 3.23% 12.29% 3.74% 6.16% -1.24% 3.60% 0.00%
Net Operating Profit after Tax (NOPAT)		 -175 92 190 341 102 20 98 109 -2,667 78 223
NOPAT Margin		 -8.35% 3.64% 7.13% 15.26% 4.78% 0.93% 4.35% 4.36% -119.45% 3.19% 7.68%
Net Nonoperating Expense Percent (NNEP)		 -26.41% 6.76% 9.73% 18.57% 5.99% -26.73% 11.12% 3.11% -536.32% 4.92% 11.06%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 4.42% -109.80% 3.14% 8.34%
Cost of Revenue to Revenue		 85.20% 83.28% 83.84% 82.01% 82.32% 82.95% 83.46% 81.65% 81.49% 80.46% 79.30%
SG&A Expenses to Revenue		 8.00% 5.81% 4.74% 6.18% 6.06% 5.82% 5.55% 6.34% 6.70% 6.96% 6.61%
R&D to Revenue		 0.00% 0.00% 0.00% 0.61% 0.84% 0.94% 0.81% 0.99% 1.22% 1.30% 1.00%
Operating Expenses to Revenue		 11.87% 9.87% 8.16% 12.68% 12.54% 15.72% 10.94% 9.92% 16.62% 14.79% 11.60%
Earnings before Interest and Taxes (EBIT)		 70 191 195 123 116 27 131 228 50 131 256
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 237 390 380 363 351 210 260 364 213 284 405
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.82 1.67 1.58 0.82 1.23 1.02 1.09 1.00 1.07 1.61 4.18
Price to Tangible Book Value (P/TBV)		 2.10 4.25 2.98 11.99 6.36 2.79 2.73 3.16 2.83 3.59 7.85
Price to Revenue (P/Rev)		 0.32 0.54 0.60 0.45 0.74 0.70 0.70 0.62 0.72 1.03 2.53
Price to Earnings (P/E)		 0.00 39.25 12.84 5.81 38.01 8.27 29.04 16.30 0.00 44.74 41.47
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 2.55% 7.79% 17.21% 2.63% 12.10% 3.44% 6.14% 0.00% 2.24% 2.41%
Enterprise Value to Invested Capital (EV/IC)		 0.92 1.34 1.37 0.91 1.29 1.01 1.07 1.00 1.06 1.48 3.57
Enterprise Value to Revenue (EV/Rev)		 0.76 0.84 0.81 1.00 1.25 0.88 0.88 0.83 0.93 1.20 2.67
Enterprise Value to EBITDA (EV/EBITDA)		 6.70 5.48 5.70 6.18 7.60 8.83 7.57 5.67 9.81 10.34 19.19
Enterprise Value to EBIT (EV/EBIT)		 22.88 11.22 11.13 18.26 22.90 69.16 15.07 9.05 42.04 22.31 30.40
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 23.24 11.42 6.58 26.15 94.54 20.13 19.00 0.00 37.69 34.81
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.70 7.17 6.51 8.22 8.55 6.47 11.15 7.58 11.13 12.38 26.63
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 9.13 10.83 0.00 5.37 7.34 22.49 0.00 0.00 40.90 321.56
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.42 1.23 0.97 1.22 1.15 0.58 0.64 0.61 0.61 0.59 0.52
Long-Term Debt to Equity		 1.23 1.10 0.96 1.19 0.96 0.58 0.64 0.57 0.61 0.58 0.52
Financial Leverage		 0.73 1.01 0.72 0.81 0.81 0.43 0.27 0.31 0.32 0.28 0.25
Leverage Ratio		 2.75 3.10 2.87 2.79 2.80 2.37 2.04 2.12 2.18 2.21 2.20
Compound Leverage Factor		 0.36 1.09 2.06 1.07 0.83 -4.08 1.09 1.70 0.01 1.41 1.81
Debt to Total Capital		 58.61% 55.15% 49.21% 54.88% 53.57% 36.86% 38.93% 37.70% 37.79% 36.99% 34.21%
Short-Term Debt to Total Capital		 7.88% 5.99% 0.23% 1.10% 9.07% 0.00% 0.00% 2.03% 0.14% 0.15% 0.14%
Long-Term Debt to Total Capital		 50.74% 49.17% 48.98% 53.78% 44.50% 36.86% 38.93% 35.68% 37.64% 36.84% 34.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.38% 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 41.01% 44.40% 50.79% 45.12% 46.43% 63.14% 61.07% 62.30% 62.21% 63.01% 65.79%
Debt to EBITDA		 4.93 2.61 2.58 4.11 4.21 4.00 3.57 2.55 4.32 3.24 2.26
Net Debt to EBITDA		 3.83 1.96 1.50 3.40 3.13 1.86 1.50 1.45 2.20 1.46 1.02
Long-Term Debt to EBITDA		 4.27 2.33 2.57 4.02 3.50 4.00 3.57 2.41 4.30 3.22 2.25
Debt to NOPAT		 -6.69 11.07 5.17 4.37 14.48 42.86 9.48 8.54 -0.34 11.80 4.10
Net Debt to NOPAT		 -5.19 8.29 3.01 3.62 10.75 19.90 3.99 4.84 -0.18 5.32 1.86
Long-Term Debt to NOPAT		 -5.79 9.87 5.14 4.28 12.03 42.86 9.48 8.08 -0.34 11.75 4.09
Altman Z-Score		 1.25 1.95 2.06 1.40 1.44 1.98 2.15 2.10 1.85 2.23 3.75
Noncontrolling Interest Sharing Ratio		 0.49% 0.96% 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.37 1.47 1.70 1.79 1.42 2.41 2.52 1.96 2.03 1.99 1.93
Quick Ratio		 0.96 1.00 1.24 1.16 0.93 1.61 1.66 1.15 1.23 1.18 1.11
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -971 234 200 -540 496 253 88 -108 -2,577 72 24
Operating Cash Flow to CapEx		 302.58% 366.07% 268.16% 182.34% 229.41% 280.03% 219.35% 281.68% 121.85% 154.96% 100.03%
Free Cash Flow to Firm to Interest Expense		 -16.03 1.89 3.66 -7.12 6.04 3.46 1.44 -2.37 -52.29 1.51 0.53
Operating Cash Flow to Interest Expense		 3.92 2.41 6.09 3.61 3.80 3.93 2.91 6.00 3.80 4.99 6.44
Operating Cash Flow Less CapEx to Interest Expense		 2.63 1.75 3.82 1.63 2.14 2.52 1.58 3.87 0.68 1.77 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.99 0.99 1.01 0.72 0.61 0.65 0.76 0.79 0.67 0.72 0.79
Accounts Receivable Turnover		 5.45 5.70 5.80 4.44 4.16 4.76 5.86 5.81 5.04 5.67 5.74
Inventory Turnover		 8.62 7.84 7.91 9.09 15.74 15.22 15.43 13.66 9.48 8.97 9.70
Fixed Asset Turnover		 2.26 2.45 2.63 2.12 2.47 3.17 3.42 3.59 2.91 2.91 3.09
Accounts Payable Turnover		 5.83 5.63 5.13 3.95 4.61 5.32 5.45 5.63 5.22 5.31 4.85
Days Sales Outstanding (DSO)		 66.96 64.03 62.93 82.13 87.84 76.69 62.28 62.87 72.49 64.41 63.57
Days Inventory Outstanding (DIO)		 42.33 46.55 46.16 40.17 23.19 23.97 23.66 26.72 38.49 40.68 37.62
Days Payable Outstanding (DPO)		 62.61 64.78 71.15 92.36 79.10 68.66 66.96 64.80 69.86 68.79 75.21
Cash Conversion Cycle (CCC)		 46.68 45.80 37.93 29.94 31.93 32.01 18.98 24.80 41.12 36.30 25.98
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,735 1,593 1,582 2,463 2,069 1,835 1,846 2,062 1,972 1,978 2,177
Invested Capital Turnover		 1.57 1.52 1.67 1.11 0.94 1.08 1.22 1.28 1.11 1.24 1.40
Increase / (Decrease) in Invested Capital		 796 -142 -10 881 -394 -234 10 217 -90 6.12 199
Enterprise Value (EV)		 1,591 2,140 2,166 2,245 2,666 1,859 1,970 2,068 2,084 2,933 7,773
Market Capitalization		 675 1,368 1,595 1,009 1,570 1,468 1,580 1,541 1,616 2,519 7,358
Book Value per Share		 $8.26 $8.18 $9.93 $11.84 $12.12 $13.53 $13.95 $15.02 $14.78 $15.34 $17.05
Tangible Book Value per Share		 $3.24 $3.20 $5.26 $0.81 $2.34 $4.92 $5.54 $4.77 $5.59 $6.88 $9.07
Total Capital		 1,997 1,849 1,991 2,720 2,755 2,287 2,383 2,465 2,429 2,482 2,678
Total Debt		 1,171 1,020 980 1,492 1,476 843 928 929 918 918 916
Total Long-Term Debt		 1,013 909 975 1,462 1,226 843 928 879 914 914 912
Net Debt		 908 763 571 1,236 1,096 391 390 527 468 414 415
Capital Expenditures (CapEx)		 78 81 124 150 136 103 81 97 154 153 292
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 172 178 96 307 266 279 312 379 279 298 396
Debt-free Net Working Capital (DFNWC)		 435 434 506 564 646 731 849 782 729 801 897
Net Working Capital (NWC)		 278 324 501 534 396 731 849 732 726 798 893
Net Nonoperating Expense (NNE)		 -149 57 65 168 61 -158 43 14 -2,648 22 46
Net Nonoperating Obligations (NNO)		 908 763 571 1,236 790 391 390 527 461 414 415
Total Depreciation and Amortization (D&A)		 168 200 185 240 234 184 129 136 163 152 149
Debt-free, Cash-free Net Working Capital to Revenue		 8.22% 7.03% 3.62% 13.73% 12.48% 13.26% 13.86% 15.19% 12.50% 12.18% 13.62%
Debt-free Net Working Capital to Revenue		 20.75% 17.15% 19.01% 25.19% 30.28% 34.71% 37.77% 31.33% 32.66% 32.81% 30.86%
Net Working Capital to Revenue		 13.24% 12.78% 18.84% 23.85% 18.56% 34.71% 37.77% 29.33% 32.51% 32.66% 30.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.28) $0.35 $1.22 $1.68 $0.39 $1.67 $0.51 $0.93 ($0.18) $0.55 $1.73
Adjusted Weighted Average Basic Shares Outstanding		 92.68M 100.10M 102.34M 104.38M 105.51M 106.77M 102.77M 102.58M 101.91M 102.11M 103.40M
Adjusted Diluted Earnings per Share		 ($0.28) $0.34 $1.04 $1.38 $0.39 $1.67 $0.50 $0.91 ($0.18) $0.54 $1.68
Adjusted Weighted Average Diluted Shares Outstanding		 92.68M 101.48M 102.34M 104.38M 105.51M 106.77M 102.77M 102.58M 101.91M 102.11M 103.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 99.43M 100.41M 102.34M 104.38M 105.51M 106.77M 102.77M 102.58M 101.91M 102.11M 103.40M
Normalized Net Operating Profit after Tax (NOPAT)		 46 99 191 87 107 80 101 84 78 107 226
Normalized NOPAT Margin		 2.21% 3.89% 7.17% 3.87% 5.01% 3.79% 4.50% 3.37% 3.47% 4.39% 7.77%
Pre Tax Income Margin		 0.43% 2.64% 5.26% 2.11% 1.61% -2.20% 3.12% 7.33% 0.01% 3.44% 7.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.15 1.54 3.56 1.62 1.42 0.37 2.15 5.02 1.01 2.77 5.64
NOPAT to Interest Expense		 -2.89 0.74 3.47 4.51 1.24 0.27 1.61 2.39 -54.12 1.64 4.93
EBIT Less CapEx to Interest Expense		 -0.15 0.88 1.29 -0.35 -0.24 -1.03 0.83 2.89 -2.11 -0.45 -0.80
NOPAT Less CapEx to Interest Expense		 -4.19 0.09 1.20 2.53 -0.41 -1.13 0.29 0.26 -57.24 -1.58 -1.51
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 118.95% 37.45% -130.53% 61.24% 10.07%

Quarterly Metrics And Ratios for TTM Technologies

This table displays calculated financial ratios and metrics derived from TTM Technologies' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/1/2024 4/1/2024 7/1/2024 9/30/2024 12/30/2024 3/31/2025 6/30/2025 9/29/2025 12/29/2025 3/30/2026 6/29/2026
DEI Shares Outstanding		 - - - - - - - - - 103,404,925.00 103,850,059.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 103,404,925.00 103,850,059.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.48 0.80
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.80% 4.72% 10.73% 7.68% 14.40% 13.78% 20.74% 22.09% 18.95% 30.42% 37.42%
EBITDA Growth		 -46.48% 23.76% 40.98% 140.16% -12.33% 36.26% 14.68% 47.27% 81.61% 21.47% 41.83%
EBIT Growth		 -67.38% 2,934.91% 61.47% 613.90% -18.13% 98.75% 32.44% 96.31% 191.30% 31.78% 63.35%
NOPAT Growth		 374.52% 623.00% 208.87% 508.22% -90.28% 210.76% 67.46% 111.70% 1,926.58% 56.84% 97.82%
Net Income Growth		 188.15% 280.01% 286.17% 138.61% -70.18% 207.45% 57.60% 270.73% 880.37% 55.35% 99.97%
EPS Growth		 240.00% 266.67% 257.14% 138.89% -70.59% 210.00% 60.00% 257.14% 840.00% 51.61% 92.50%
Operating Cash Flow Growth		 -38.80% -20.30% 61.70% 10.60% 81.28% -124.27% 133.67% 117.86% -26.87% 304.06% -1.41%
Free Cash Flow Firm Growth		 159.07% 104.23% -70.13% -107.13% -102.31% -1,088.11% -221.95% -545.78% -4,556.03% -231.64% -257.36%
Invested Capital Growth		 -4.38% 0.35% -0.41% 2.06% 0.31% 4.81% 5.37% 6.67% 10.07% 11.94% 13.95%
Revenue Q/Q Growth		 -0.62% 0.19% 6.14% 1.88% 5.58% -0.35% 12.63% 3.03% 2.87% 9.25% 18.69%
EBITDA Q/Q Growth		 127.68% -7.31% 25.48% -9.31% -16.88% 44.05% 5.61% 16.46% 2.50% -3.65% 23.32%
EBIT Q/Q Growth		 535.71% -15.37% 61.98% -13.96% -30.58% 105.42% 7.94% 27.54% 3.01% -7.07% 33.80%
NOPAT Q/Q Growth		 569.41% -62.13% 165.03% -13.36% -88.83% 1,111.40% 42.82% 9.53% 6.94% -6.25% 80.14%
Net Income Q/Q Growth		 146.78% -39.64% 151.79% -45.69% -63.87% 522.40% 29.06% 27.75% -4.47% -1.38% 66.13%
EPS Q/Q Growth		 147.22% -41.18% 150.00% -44.00% -64.29% 520.00% 29.03% 25.00% -6.00% 0.00% 63.83%
Operating Cash Flow Q/Q Growth		 -19.34% -7.53% -4.65% 55.51% 32.21% -112.38% 1,017.92% 44.99% -55.62% -65.45% 343.49%
Free Cash Flow Firm Q/Q Growth		 -20.12% -95.37% 629.40% -126.41% 74.13% -1,883.14% 9.98% -39.83% -86.52% -41.25% 2.99%
Invested Capital Q/Q Growth		 0.93% 1.28% 0.07% -0.24% -0.79% 5.83% 0.61% 0.99% 2.36% 7.63% 2.42%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.27% 18.19% 19.37% 21.07% 19.44% 20.19% 20.27% 20.82% 21.42% 21.42% 21.10%
EBITDA Margin		 12.39% 11.47% 13.56% 12.07% 9.50% 13.73% 12.88% 14.55% 14.50% 12.79% 13.29%
Operating Margin		 6.08% 2.99% 6.44% 8.27% 1.39% 7.75% 8.45% 9.55% 10.43% 8.56% 10.86%
EBIT Margin		 5.48% 4.63% 7.06% 5.97% 3.92% 8.09% 7.75% 9.59% 9.61% 8.17% 9.21%
Profit (Net Income) Margin		 3.05% 1.84% 4.35% 2.32% 0.79% 4.96% 5.68% 7.05% 6.55% 5.91% 8.27%
Tax Burden Percent		 96.95% 74.39% 86.31% 57.21% 36.08% 78.50% 91.22% 85.83% 81.74% 85.41% 102.22%
Interest Burden Percent		 57.34% 53.31% 71.42% 68.01% 56.12% 78.15% 80.40% 85.60% 83.36% 84.67% 87.84%
Effective Tax Rate		 3.05% 25.61% 13.69% 42.79% 63.92% 21.50% 8.78% 14.17% 18.26% 14.59% -2.22%
Return on Invested Capital (ROIC)		 6.52% 2.52% 6.43% 5.66% 0.62% 7.50% 9.95% 11.07% 11.92% 10.23% 16.64%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.24% 2.05% 4.87% 2.36% 1.06% 6.02% 6.79% 9.09% 8.23% 7.88% 10.56%
Return on Net Nonoperating Assets (RNNOA)		 1.05% 0.63% 1.48% 0.69% 0.30% 1.90% 2.01% 2.44% 2.05% 2.33% 2.76%
Return on Equity (ROE)		 7.57% 3.15% 7.91% 6.35% 0.92% 9.40% 11.96% 13.51% 13.98% 12.56% 19.40%
Cash Return on Invested Capital (CROIC)		 -127.74% -0.62% 1.93% 3.58% 3.63% 0.43% 0.97% 1.14% 1.16% -0.18% 0.28%
Operating Return on Assets (OROA)		 3.68% 3.23% 5.04% 4.21% 2.82% 6.04% 5.93% 7.48% 7.64% 6.82% 7.78%
Return on Assets (ROA)		 2.05% 1.28% 3.11% 1.64% 0.57% 3.70% 4.35% 5.50% 5.20% 4.93% 6.99%
Return on Common Equity (ROCE)		 7.57% 3.15% 7.91% 6.35% 0.92% 9.40% 11.96% 13.51% 13.98% 12.56% 19.40%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -0.16% 1.12% 4.43% 0.00% 4.92% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 34 13 34 29 3.26 39 56 62 66 62 111
NOPAT Margin		 5.89% 2.23% 5.56% 4.73% 0.50% 6.08% 7.71% 8.20% 8.52% 7.31% 11.10%
Net Nonoperating Expense Percent (NNEP)		 3.28% 0.48% 1.57% 3.30% -0.44% 1.48% 3.16% 1.99% 3.70% 2.35% 6.08%
Return On Investment Capital (ROIC_SIMPLE)		 1.38% - - - 0.13% 1.58% 2.21% 2.36% 2.46% 2.25% 3.83%
Cost of Revenue to Revenue		 79.73% 81.81% 80.63% 78.93% 80.56% 79.81% 79.73% 79.18% 78.58% 78.58% 78.90%
SG&A Expenses to Revenue		 6.64% 7.66% 6.38% 6.90% 6.95% 6.75% 6.81% 6.46% 6.46% 8.13% 6.19%
R&D to Revenue		 1.33% 1.28% 1.41% 1.31% 1.22% 1.24% 0.96% 0.94% 0.89% 0.92% 0.79%
Operating Expenses to Revenue		 14.19% 15.20% 12.93% 12.80% 18.05% 12.44% 11.82% 11.27% 10.99% 12.85% 10.24%
Earnings before Interest and Taxes (EBIT)		 31 26 43 37 26 52 57 72 74 69 92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 71 65 82 74 62 89 94 110 112 108 133
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 1.02 1.27 1.20 1.61 1.32 2.53 3.51 4.18 4.97 10.03
Price to Tangible Book Value (P/TBV)		 2.83 2.61 3.15 2.89 3.59 2.85 5.23 6.88 7.85 8.93 17.20
Price to Revenue (P/Rev)		 0.72 0.69 0.84 0.79 1.03 0.83 1.57 2.14 2.53 2.94 5.74
Price to Earnings (P/E)		 0.00 0.00 113.51 27.18 44.74 26.85 44.52 45.22 41.47 46.76 81.93
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.88% 3.68% 2.24% 3.73% 2.25% 2.21% 2.41% 2.14% 1.22%
Enterprise Value to Invested Capital (EV/IC)		 1.06 1.02 1.21 1.16 1.48 1.24 2.19 3.01 3.57 4.11 8.28
Enterprise Value to Revenue (EV/Rev)		 0.93 0.90 1.04 0.98 1.20 1.03 1.74 2.30 2.67 3.10 5.88
Enterprise Value to EBITDA (EV/EBITDA)		 9.81 9.03 9.68 7.89 10.34 8.46 14.46 18.03 19.19 22.72 42.86
Enterprise Value to EBIT (EV/EBIT)		 42.04 26.43 25.86 16.83 22.31 16.51 26.94 30.91 30.40 35.38 64.45
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 79.28 20.83 37.69 24.77 36.26 40.84 34.81 39.20 66.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.13 11.54 12.55 11.64 12.38 14.26 19.38 20.29 26.63 29.71 61.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 62.43 32.69 40.90 293.81 231.23 272.90 321.56 0.00 3,163.38
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.61 0.60 0.60 0.59 0.59 0.58 0.56 0.54 0.52 0.50 0.50
Long-Term Debt to Equity		 0.61 0.60 0.60 0.59 0.58 0.58 0.56 0.54 0.52 0.50 0.50
Financial Leverage		 0.32 0.31 0.30 0.30 0.28 0.32 0.30 0.27 0.25 0.30 0.26
Leverage Ratio		 2.18 2.12 2.11 2.19 2.21 2.17 2.19 2.20 2.20 2.17 2.24
Compound Leverage Factor		 1.25 1.13 1.51 1.49 1.24 1.70 1.76 1.88 1.83 1.84 1.97
Debt to Total Capital		 37.79% 37.60% 37.47% 37.20% 36.99% 36.64% 35.91% 35.01% 34.21% 33.26% 33.48%
Short-Term Debt to Total Capital		 0.14% 0.11% 0.11% 0.14% 0.15% 0.15% 0.15% 0.15% 0.14% 0.14% 0.14%
Long-Term Debt to Total Capital		 37.64% 37.49% 37.36% 37.06% 36.84% 36.49% 35.76% 34.87% 34.06% 33.12% 33.34%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 62.21% 62.40% 62.53% 62.80% 63.01% 63.36% 64.09% 64.99% 65.79% 66.74% 66.52%
Debt to EBITDA		 4.32 4.07 3.68 3.13 3.24 2.99 2.87 2.59 2.26 2.16 2.10
Net Debt to EBITDA		 2.20 2.12 1.89 1.53 1.46 1.65 1.47 1.20 1.02 1.19 1.00
Long-Term Debt to EBITDA		 4.30 4.06 3.67 3.12 3.22 2.97 2.86 2.57 2.25 2.15 2.09
Debt to NOPAT		 -0.34 -168.10 30.14 8.27 11.80 8.74 7.20 5.86 4.10 3.73 3.24
Net Debt to NOPAT		 -0.18 -87.33 15.46 4.03 5.32 4.82 3.68 2.72 1.86 2.06 1.55
Long-Term Debt to NOPAT		 -0.34 -167.62 30.05 8.24 11.75 8.70 7.17 5.83 4.09 3.71 3.23
Altman Z-Score		 1.83 1.84 1.99 1.93 2.13 2.09 2.72 3.22 3.59 4.04 6.16
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.03 2.09 2.04 2.00 1.99 2.07 2.03 1.94 1.93 1.88 1.78
Quick Ratio		 1.23 1.20 1.19 1.17 1.18 1.19 1.14 1.10 1.11 1.01 0.97
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 124 5.74 42 -11 -2.86 -57 -51 -71 -133 -188 -182
Operating Cash Flow to CapEx		 103.30% 89.04% 420.44% 159.30% 163.10% -16.85% 162.37% 142.90% 91.07% 20.36% 191.27%
Free Cash Flow to Firm to Interest Expense		 9.26 0.47 3.43 -0.94 -0.26 -4.95 -4.60 -6.86 -10.76 -17.74 -16.22
Operating Cash Flow to Interest Expense		 3.55 3.56 3.43 5.53 7.68 -0.93 8.82 13.64 5.08 2.05 8.58
Operating Cash Flow Less CapEx to Interest Expense		 0.11 -0.44 2.61 2.06 2.97 -6.44 3.39 4.09 -0.50 -8.02 4.09
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.67 0.70 0.71 0.71 0.72 0.75 0.76 0.78 0.79 0.83 0.84
Accounts Receivable Turnover		 5.04 5.89 5.88 5.80 5.67 5.84 5.91 6.03 5.74 5.57 5.56
Inventory Turnover		 9.48 9.20 9.25 8.73 8.97 8.63 9.04 9.22 9.70 9.30 9.53
Fixed Asset Turnover		 2.91 2.93 2.99 2.83 2.91 2.94 3.01 3.01 3.09 3.17 3.21
Accounts Payable Turnover		 5.22 5.52 5.51 5.24 5.31 5.42 5.15 4.97 4.85 4.89 4.22
Days Sales Outstanding (DSO)		 72.49 61.94 62.04 62.91 64.41 62.52 61.79 60.53 63.57 65.52 65.69
Days Inventory Outstanding (DIO)		 38.49 39.67 39.45 41.81 40.68 42.29 40.39 39.58 37.62 39.23 38.28
Days Payable Outstanding (DPO)		 69.86 66.09 66.21 69.66 68.79 67.33 70.82 73.43 75.21 74.66 86.47
Cash Conversion Cycle (CCC)		 41.12 35.52 35.28 35.07 36.30 37.48 31.36 26.68 25.98 30.09 17.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,972 1,997 1,999 1,994 1,978 2,093 2,106 2,127 2,177 2,343 2,400
Invested Capital Turnover		 1.11 1.13 1.16 1.20 1.24 1.23 1.29 1.35 1.40 1.40 1.50
Increase / (Decrease) in Invested Capital		 -90 6.96 -8.21 40 6.12 96 107 133 199 250 294
Enterprise Value (EV)		 2,084 2,032 2,410 2,307 2,933 2,601 4,618 6,392 7,773 9,635 19,865
Market Capitalization		 1,616 1,556 1,940 1,861 2,519 2,094 4,149 5,966 7,358 9,130 19,399
Book Value per Share		 $14.78 $14.95 $15.02 $15.18 $15.34 $15.54 $16.11 $16.47 $17.05 $17.77 $18.63
Tangible Book Value per Share		 $5.59 $5.85 $6.05 $6.31 $6.88 $7.19 $7.81 $8.39 $9.07 $9.88 $10.86
Total Capital		 2,429 2,438 2,445 2,463 2,482 2,505 2,554 2,618 2,678 2,753 2,908
Total Debt		 918 917 916 916 918 918 917 917 916 916 973
Total Long-Term Debt		 914 914 913 913 914 914 913 913 912 912 969
Net Debt		 468 476 470 447 414 506 469 426 415 506 466
Capital Expenditures (CapEx)		 46 49 9.96 41 53 63 60 99 69 107 50
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 279 297 297 296 298 412 405 363 396 492 482
Debt-free Net Working Capital (DFNWC)		 729 738 743 765 801 824 853 854 897 902 990
Net Working Capital (NWC)		 726 735 741 762 798 820 849 850 893 898 986
Net Nonoperating Expense (NNE)		 16 2.23 7.30 15 -1.91 7.28 15 8.66 15 12 28
Net Nonoperating Obligations (NNO)		 461 476 470 447 414 506 469 426 415 506 466
Total Depreciation and Amortization (D&A)		 39 39 39 38 36 37 37 37 38 39 41
Debt-free, Cash-free Net Working Capital to Revenue		 12.50% 13.16% 12.82% 12.52% 12.18% 16.35% 15.28% 13.05% 13.62% 15.86% 14.27%
Debt-free Net Working Capital to Revenue		 32.66% 32.66% 32.08% 32.41% 32.81% 32.67% 32.21% 30.69% 30.86% 29.07% 29.31%
Net Working Capital to Revenue		 32.51% 32.54% 31.96% 32.26% 32.66% 32.52% 32.07% 30.56% 30.73% 28.94% 29.19%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.17 $0.10 $0.26 $0.14 $0.05 $0.32 $0.41 $0.51 $0.49 $0.48 $0.80
Adjusted Weighted Average Basic Shares Outstanding		 101.91M 101.78M 101.95M 101.97M 102.11M 101.63M 103.31M 103.33M 103.40M 103.85M 105.35M
Adjusted Diluted Earnings per Share		 $0.17 $0.10 $0.25 $0.14 $0.05 $0.31 $0.40 $0.50 $0.47 $0.47 $0.77
Adjusted Weighted Average Diluted Shares Outstanding		 101.91M 101.78M 101.95M 101.97M 102.11M 101.63M 103.31M 103.33M 103.40M 103.85M 105.35M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 101.91M 101.78M 101.95M 101.97M 102.11M 101.63M 103.31M 103.33M 103.40M 103.85M 105.35M
Normalized Net Operating Profit after Tax (NOPAT)		 39 16 35 30 9.70 40 58 62 66 62 77
Normalized NOPAT Margin		 6.79% 2.74% 5.71% 4.86% 1.49% 6.17% 7.89% 8.26% 8.55% 7.34% 7.63%
Pre Tax Income Margin		 3.14% 2.47% 5.05% 4.06% 2.20% 6.32% 6.23% 8.21% 8.01% 6.92% 8.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.33 2.14 3.50 3.13 2.28 4.58 5.10 6.94 6.01 6.52 8.23
NOPAT to Interest Expense		 2.51 1.03 2.75 2.48 0.29 3.44 5.08 5.94 5.33 5.84 9.91
EBIT Less CapEx to Interest Expense		 -1.10 -1.86 2.68 -0.35 -2.43 -0.94 -0.33 -2.60 0.43 -3.55 3.74
NOPAT Less CapEx to Interest Expense		 -0.93 -2.97 1.94 -0.99 -4.42 -2.07 -0.35 -3.61 -0.25 -4.24 5.43
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -130.53% -1,384.99% 344.71% 64.69% 61.24% 55.15% 19.18% 13.55% 10.07% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

TTM Technologies (NASDAQ: TTMI) showed solid top-line growth in Q1 2026, but profitability and cash flow were less impressive than the headline net income suggests. Revenue rose to $846.0 million from $774.3 million in Q4 2025 and $648.7 million in Q1 2025, while gross profit improved to $181.2 million. However, operating cash flow dropped sharply quarter over quarter, and the company continued to carry a meaningful debt load.

  • Revenue growth remained healthy. Q1 2026 revenue increased 9.3% year over year versus Q1 2025 and 9.3% sequentially versus Q4 2025.
  • Gross profit expanded. Gross profit rose to $181.2 million from $165.9 million in Q4 2025 and $131.0 million in Q1 2025, showing better scale and mix.
  • Operating income improved year over year. Operating income reached $72.4 million, up from $50.3 million in Q1 2025.
  • Net income increased meaningfully from a year ago. Q1 2026 net income of $50.0 million was up from $32.2 million in Q1 2025.
  • Balance sheet equity strengthened. Total common equity rose to $1.84 billion from $1.59 billion a year earlier, supported by retained earnings growth.
  • Margins were mixed. Revenue increased faster than cost of revenue, but operating expenses also moved higher, keeping overall improvement modest.
  • Accounts receivable increased. Receivables climbed to $618.1 million from $500.1 million at the end of Q3 2025, which may reflect stronger sales but also ties up working capital.
  • Inventory also rose. Inventory increased to $280.2 million from $253.7 million in Q3 2025, suggesting some build in operating assets.
  • Capital spending stayed elevated. TTM spent $106.8 million on property, plant and equipment in Q1 2026, indicating ongoing investment in capacity.
  • Operating cash flow weakened sharply. Cash from operations fell to $21.7 million in Q1 2026 from $62.9 million in Q4 2025 and $97.8 million in Q2 2025.
  • Free cash flow pressure was notable. After $106.8 million of capex, the quarter likely produced negative free cash flow despite positive earnings.
  • Cash declined meaningfully. Cash and equivalents fell to $410.0 million from $491.1 million at the end of Q3 2025.
  • Debt remains substantial. Long-term debt was $911.8 million and total debt was about $915.7 million, limiting balance sheet flexibility.
  • Interest expense remains a drag. Q1 2026 interest expense was $10.6 million, which continues to eat into pretax profits.

Longer-term trend: TTMI has made a clear turnaround from the weak operating environment seen in early 2024, when it posted a loss in Q1 2024. Since then, revenue, operating income, and net income have all improved substantially. The key question for investors is whether the company can convert that earnings growth into stronger and more consistent operating cash flow while managing debt and capex.

Bottom line: TTMI’s earnings trend is constructive, and the business appears to be growing. But the latest quarter also showed that cash generation can be volatile, and the company still carries leverage that investors should watch closely.

08/23/26 06:47 AM ETAI Generated. May Contain Errors.

TTM Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, TTM Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 29, 2025.

TTM Technologies' net income appears to be on an upward trend, with a most recent value of $177.45 million in 2025, falling from -$25.62 million in 2015. The previous period was $56.30 million in 2024. Check out TTM Technologies' forecast to explore projected trends and price targets.

TTM Technologies' total operating income in 2025 was $264.68 million, based on the following breakdown:
  • Total Gross Profit: $601.69 million
  • Total Operating Expenses: $337.00 million

Over the last 10 years, TTM Technologies' total revenue changed from $2.10 billion in 2015 to $2.91 billion in 2025, a change of 38.7%.

TTM Technologies' total liabilities were at $2.08 billion at the end of 2025, a 8.9% increase from 2024, and a 14.6% increase since 2015.

In the past 10 years, TTM Technologies' cash and equivalents has ranged from $256.28 million in 2016 to $537.68 million in 2021, and is currently $501.23 million as of their latest financial filing in 2025.

Over the last 10 years, TTM Technologies' book value per share changed from 8.26 in 2015 to 17.05 in 2025, a change of 106.4%.


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Financial statements for NASDAQ:TTMI last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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