Ultra Clean (UCTT) Financials

$86.38 +1.35 (+1.59%)

Closing price 04:00 PM Eastern

Extended Trading

$87.07 +0.69 (+0.80%)

As of 06:10 PM Eastern

Annual Income Statements for Ultra Clean

This table shows Ultra Clean's 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	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024	12/26/2025
Net Income / (Loss) Attributable to Common Shareholders	-11	10	75	37	-9.40	78	120	40	-31	24	-181
Consolidated Net Income / (Loss)	-11	10	75	37	-7.70	80	126	50	-22	35	-172
Net Income / (Loss) Continuing Operations	-11	10	75	389	-7.70	80	126	50	-22	35	-172
Total Pre-Tax Income	3.61	19	87	52	2.30	100	154	88	-11	67	-146
Total Operating Income	5.84	22	90	61	30	121	186	120	35	91	-107
Total Gross Profit	71	87	168	352	197	292	430	465	277	356	323
Total Revenue	469	563	924	2,193	1,066	1,399	2,102	2,374	1,735	2,098	2,054
Operating Revenue	469	563	924	2,193	1,066	1,399	2,102	2,374	1,735	2,098	2,054
Total Cost of Revenue	398	476	757	1,841	869	1,107	1,672	1,909	1,457	1,741	1,731
Operating Cost of Revenue	398	476	757	1,841	869	1,107	1,672	1,909	1,457	1,741	1,731
Total Operating Expenses	65	64	78	-61	167	170	244	345	242	265	430
Selling, General & Admin Expense	44	43	53	86	130	131	172	184	162	180	186
Marketing Expense	11	12	14	16	22	25	48	54	52	57	61
Research & Development Expense	9.58	9.90	12	13	15	15	25	29	28	28	32
Impairment Charge	-	-	-	-	-	-	-	-	0.00	0.00	151
Total Other Income / (Expense), net	-2.23	-3.44	-2.50	-8.40	-28	-22	-31	-32	-47	-24	-38
Interest Expense	-	-	2.20	10	26	17	24	34	49	47	38
Interest & Investment Income	-2.23	-3.44	-0.30	1.60	-2.00	-4.80	-7.20	0.90	4.10	4.80	3.90
Other Income / (Expense), net	-	-	-	-	-	-	-	0.90	-1.80	18	-3.90
Income Tax Expense	14	8.90	12	15	10	19	28	38	11	33	26
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	0.40	1.70	2.80	6.90	10	8.90	11	9.60
Basic Earnings per Share	($0.34)	$0.31	$2.25	$0.95	($0.24)	$1.93	$2.75	$0.89	($0.70)	$0.53	($4.00)
Weighted Average Basic Shares Outstanding	31.56M	32.63M	33.40M	38.40M	39.50M	40.20M	43.50M	45.20M	44.70M	44.90M	45.30M
Diluted Earnings per Share	($0.34)	$0.30	$2.19	$0.94	($0.24)	$1.89	$2.69	$0.88	($0.70)	$0.52	($4.00)
Weighted Average Diluted Shares Outstanding	31.56M	33.15M	34.30M	38.90M	39.50M	41.10M	44.40M	45.70M	44.70M	45.30M	45.30M
Weighted Average Basic & Diluted Shares Outstanding	31.60M	32.40M	33.40M	38.50M	39.89M	44.95M	-	44.79M	44.65M	45.13M	45.49M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	9/26/2025	12/26/2025	3/27/2026
Net Income / (Loss) Attributable to Common Shareholders	-15	-3.80	-9.40	19	-2.30	16	-5.00	-162	-11	-3.30	-18
Consolidated Net Income / (Loss)	-13	-1.60	-7.20	22	0.30	20	-2.50	-161	-8.10	-0.50	-15
Net Income / (Loss) Continuing Operations	-13	-1.60	-7.20	22	0.30	20	-2.50	-161	-8.10	-0.50	-15
Total Pre-Tax Income	-7.50	-7.80	2.70	30	10	24	4.90	-153	0.60	2.10	4.20
Total Operating Income	5.70	4.50	17	23	25	26	13	-142	11	11	11
Total Gross Profit	65	71	83	89	93	92	84	80	82	77	84
Total Revenue	435	445	478	516	540	563	519	519	510	507	534
Operating Revenue	435	445	478	516	540	563	519	519	510	507	534
Total Cost of Revenue	370	374	395	428	447	472	435	439	428	429	449
Operating Cost of Revenue	370	374	395	428	447	472	435	439	428	429	449
Total Operating Expenses	60	67	65	66	68	66	71	221	72	66	73
Selling, General & Admin Expense	39	47	45	44	47	45	49	47	49	42	49
Marketing Expense	13	13	14	15	14	14	15	16	15	16	16
Research & Development Expense	7.40	6.60	7.00	7.10	7.10	7.10	7.60	7.80	7.80	8.80	8.50
Total Other Income / (Expense), net	-13	-12	-15	7.10	-15	-1.50	-8.00	-12	-10	-8.80	-7.20
Interest Expense	12	13	12	12	12	11	9.90	10	9.90	8.40	7.30
Interest & Investment Income	1.20	-1.20	1.40	1.40	1.10	4.70	1.10	0.80	1.10	0.90	1.40
Other Income / (Expense), net	-2.10	-	-3.80	17	-4.10	-	0.80	-2.20	-1.20	-1.30	-1.30
Income Tax Expense	5.30	-6.20	9.90	8.50	9.90	4.40	7.40	7.20	8.70	2.60	19
Net Income / (Loss) Attributable to Noncontrolling Interest	1.70	2.20	2.20	2.40	2.60	3.60	2.50	1.50	2.80	2.80	2.90
Basic Earnings per Share	($0.32)	($0.09)	($0.21)	$0.43	($0.05)	$0.36	($0.11)	($3.58)	($0.24)	($0.07)	($0.40)
Weighted Average Basic Shares Outstanding	44.80M	44.70M	44.60M	44.90M	45M	44.90M	45.10M	45.20M	45.40M	45.30M	45.30M
Diluted Earnings per Share	($0.32)	($0.09)	($0.21)	$0.42	($0.05)	$0.36	($0.11)	($3.58)	($0.24)	($0.07)	($0.40)
Weighted Average Diluted Shares Outstanding	44.80M	44.70M	44.60M	45.40M	45M	45.30M	45.10M	45.20M	45.40M	45.30M	45.30M
Weighted Average Basic & Diluted Shares Outstanding	44.83M	44.65M	44.91M	45.03M	45.06M	45.13M	45.15M	45.34M	45.39M	45.49M	44.83M

This table details how cash moves in and out of Ultra Clean's 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	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024	12/26/2025
Net Change in Cash & Equivalents	-29	2.36	16	76	18	38	266	-108	-52	6.90	-2.10
Net Cash From Operating Activities	0.93	18	49	42	121	97	212	47	136	65	66
Net Cash From Continuing Operating Activities	0.93	18	49	42	121	97	212	47	136	65	66
Net Income / (Loss) Continuing Operations	-11	10	75	37	-7.70	80	126	50	-22	35	-172
Consolidated Net Income / (Loss)	-11	10	75	37	-7.70	80	126	50	-22	35	-172
Depreciation Expense	4.73	5.98	5.30	12	22	25	34	38	38	46	48
Amortization Expense	7.04	5.91	5.60	10	22	22	37	34	28	33	31
Non-Cash Adjustments To Reconcile Net Income	3.74	8.06	7.50	11	17	18	21	95	13	-11	171
Changes in Operating Assets and Liabilities, net	-3.85	-12	-45	-28	68	-48	-6.80	-171	80	-38	-12
Net Cash From Investing Activities	-55	-7.28	-16	-346	-49	-30	-405	-96	-120	-64	-47
Net Cash From Continuing Investing Activities	-55	-7.28	-16	-346	-49	-30	-405	-96	-120	-64	-47
Purchase of Property, Plant & Equipment	-10	-7.28	-16	-26	-26	-36	-59	-100	-76	-64	-50
Acquisitions	-45	-	-	-320	-30	0.00	-343	0.00	-46	0.00	0.00
Other Investing Activities, net	-	-	-	-	-	-	-	3.40	2.20	0.00	3.30
Net Cash From Financing Activities	25	-7.85	-17	380	-53	-31	461	-56	-70	9.80	-21
Net Cash From Continuing Financing Activities	25	-7.85	-17	380	-53	-31	461	-56	-70	9.80	-21
Repayment of Debt	-56	-14	-31	-99	-93	-107	-141	-40	-39	-13	-19
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-12	-29	0.00	-3.40
Payment of Dividends	-	-	-	0.00	-0.60	-	0.00	-0.30	-0.20	-0.50	-0.10
Issuance of Debt	79	6.66	15	387	42	77	415	0.00	0.00	68	59
Issuance of Common Equity	2.41	0.60	1.80	95	0.30	0.60	194	0.70	0.80	2.00	2.20
Other Financing Activities, net	-0.41	-0.77	-2.70	-3.10	-1.90	-1.50	-7.30	-3.90	-2.20	-47	-60
Effect of Exchange Rate Changes	-0.00	-	-	-0.10	0.00	1.40	-1.40	-	1.90	-4.40	0.50
Cash Interest Paid	2.16	2.51	2.20	7.10	24	16	20	32	45	40	40
Cash Income Taxes Paid	2.90	4.46	-	15	15	16	23	37	31	34	42

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	9/26/2025	12/26/2025	3/27/2026
Net Change in Cash & Equivalents	21	-35	-14	27	-1.30	-4.30	3.70	9.80	-13	-2.30	12
Net Cash From Operating Activities	36	35	9.80	23	15	17	28	29	0.10	8.10	-33
Net Cash From Continuing Operating Activities	36	35	9.80	23	15	17	28	29	0.10	8.10	-33
Net Income / (Loss) Continuing Operations	-13	-1.60	-7.20	21	0.30	20	-2.50	-160	-8.10	-0.60	-15
Consolidated Net Income / (Loss)	-13	-1.60	-7.20	21	0.30	20	-2.50	-160	-8.10	-0.60	-15
Depreciation Expense	9.70	9.70	12	11	11	12	12	12	12	12	12
Amortization Expense	6.50	8.20	8.70	8.50	8.10	8.10	7.90	7.50	7.90	7.50	7.60
Non-Cash Adjustments To Reconcile Net Income	6.10	6.00	5.30	-20	6.70	-0.20	4.20	158	5.00	4.80	7.60
Changes in Operating Assets and Liabilities, net	27	13	-8.50	1.90	-12	-22	6.90	12	-17	-16	-46
Net Cash From Investing Activities	-10	-63	-18	-13	-15	-17	-12	-17	-7.90	-10	-9.50
Net Cash From Continuing Investing Activities	-10	-63	-18	-13	-15	-17	-12	-17	-7.90	-10	-9.50
Purchase of Property, Plant & Equipment	-12	-17	-18	-13	-15	-17	-12	-17	-11	-10	-9.60
Sale of Property, Plant & Equipment	1.80	-0.10	0.10	-	-0.10	-	0.00	0.10	-	-	0.10
Net Cash From Financing Activities	-4.10	-8.90	-4.50	17	-3.70	1.00	-12	-6.60	-3.50	1.10	58
Net Cash From Continuing Financing Activities	-4.10	-8.90	-4.50	17	-3.70	1.00	-12	-6.60	-3.50	1.10	58
Repayment of Debt	-4.10	-3.90	-4.50	-49	-3.00	-0.10	-12	-3.50	-3.10	-	-477
Repurchase of Common Equity	-	-5.70	-	-	-	-	0.00	-	-	-	-40
Issuance of Debt	-	-	-	-	-	-	0.00	-	59	-	600
Other Financing Activities, net	-	-	-	-	-0.30	-	0.00	-	-60	-	-25
Effect of Exchange Rate Changes	-	-	-1.40	-0.70	2.80	-	-	3.90	-2.00	-1.50	-3.10
Cash Interest Paid	11	12	11	11	11	6.70	13	6.20	13	8.30	6.60
Cash Income Taxes Paid	9.30	4.50	8.10	9.60	10	6.20	8.60	9.80	17	6.80	6.10

This table presents Ultra Clean's 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	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/31/2021	12/31/2021	12/30/2022	12/29/2023	12/27/2024	12/26/2025
Total Assets	336	381	563	966	1,019	2,025	2,025	1,961	1,868	1,920	1,729
Total Current Assets	190	237	407	463	467	1,137	1,137	1,099	893	970	960
Cash & Equivalents	50	52	68	144	163	467	467	359	307	314	312
Accounts Receivable	59	75	90	107	113	250	250	254	181	241	209
Inventories, net	73	104	237	186	172	379	379	444	375	381	391
Prepaid Expenses	8.17	6.46	12	26	19	41	41	42	31	34	48
Plant, Property, & Equipment, net	17	19	32	144	145	242	242	280	328	326	325
Total Noncurrent Assets	129	124	124	359	407	646	646	583	646	624	445
Goodwill	85	85	85	150	171	270	270	249	265	265	114
Intangible Assets	43	37	32	194	180	246	246	188	215	185	157
Noncurrent Deferred & Refundable Income Taxes	-	1.36	4.95	10	16	38	38	36	3.10	3.10	3.50
Other Noncurrent Operating Assets	0.72	0.76	1.93	5.20	40	93	93	110	163	171	170
Total Liabilities & Shareholders' Equity	336	381	563	966	1,019	2,025	2,025	1,961	1,868	1,920	1,729
Total Liabilities	135	165	263	515	567	1,133	1,133	1,024	971	984	945
Total Current Liabilities	64	101	207	139	211	469	469	389	310	336	301
Short-Term Debt	13	17	12	9.70	8.80	22	22	21	18	16	9.90
Accounts Payable	40	71	174	99	133	333	333	254	193	213	195
Current Employee Benefit Liabilities	6.54	7.90	11	16	25	47	47	53	48	50	51
Other Current Liabilities	4.68	4.52	11	15	44	67	67	62	52	57	45
Total Noncurrent Liabilities	71	64	56	375	356	664	664	635	661	649	644
Long-Term Debt	63	51	40	332	283	530	530	493	461	477	467
Noncurrent Deferred & Payable Income Tax Liabilities	5.03	9.92	9.98	16	25	55	55	52	19	16	14
Other Noncurrent Operating Liabilities	-	-	5.89	28	48	79	79	90	180	156	163
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	201	216	300	451	453	893	893	937	897	936	784
Total Preferred & Common Equity	201	216	300	436	437	849	849	888	839	874	711
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	201	216	300	436	437	849	849	888	839	874	711
Common Stock	176	182	189	291	301	515	515	531	542	559	579
Retained Earnings	28	38	113	150	140	337	337	378	347	370	189
Treasury Stock	-3.34	-3.34	-3.34	-3.30	-3.30	-3.30	-3.30	-15	-45	-45	-48
Accumulated Other Comprehensive Income / (Loss)	-0.02	-0.38	1.85	-0.60	-1.30	-0.20	-0.20	-5.40	-4.40	-10	-8.60
Noncontrolling Interest	-	-	-	15	16	44	44	49	58	62	73

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

Metric	Q2 2022	Q3 2022	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/1/2022	9/30/2022	9/29/2023	3/29/2024	6/28/2024	9/27/2024	3/28/2025	6/27/2025	9/26/2025	3/27/2026
Total Assets	1,945	1,956	1,846	1,888	1,927	1,948	1,891	1,746	1,721	1,855
Total Current Assets	1,112	1,136	926	909	961	986	948	956	941	1,098
Cash & Equivalents	421	454	342	293	320	318	318	327	314	324
Accounts Receivable	244	236	171	195	207	228	218	207	200	233
Inventories, net	405	405	378	388	400	403	375	376	382	482
Prepaid Expenses	42	42	35	33	35	37	38	46	46	60
Plant, Property, & Equipment, net	249	242	309	329	327	328	329	337	329	319
Total Noncurrent Assets	585	578	611	650	640	634	615	453	450	438
Goodwill	251	249	249	265	265	265	265	114	114	114
Intangible Assets	207	195	171	208	200	192	178	171	164	150
Noncurrent Deferred & Refundable Income Taxes	37	37	37	3.30	3.10	3.60	3.50	2.80	3.10	3.60
Other Noncurrent Operating Assets	90	97	155	174	172	173	168	166	169	170
Total Liabilities & Shareholders' Equity	1,945	1,956	1,846	1,888	1,927	1,948	1,891	1,746	1,721	1,855
Total Liabilities	1,050	1,054	950	999	1,016	1,025	954	956	939	1,153
Total Current Liabilities	395	407	294	329	351	359	313	312	293	358
Short-Term Debt	22	20	18	17	16	16	10	10	9.90	0.00
Accounts Payable	259	271	188	216	229	233	207	202	191	263
Current Employee Benefit Liabilities	51	48	41	37	49	48	40	48	50	47
Other Current Liabilities	63	69	48	60	57	61	56	52	43	47
Total Noncurrent Liabilities	655	647	657	669	664	666	641	644	646	796
Long-Term Debt	524	509	464	458	478	476	471	468	467	602
Noncurrent Deferred & Payable Income Tax Liabilities	55	55	53	19	19	19	16	16	16	28
Other Noncurrent Operating Liabilities	75	82	140	192	167	172	154	159	163	165
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	896	902	895	889	912	922	937	790	781	702
Total Preferred & Common Equity	846	857	838	831	852	858	872	719	710	628
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	846	857	838	831	852	858	872	719	710	628
Common Stock	522	527	537	545	548	553	561	569	573	557
Retained Earnings	340	350	351	337	356	354	365	203	193	171
Treasury Stock	-3.30	-3.30	-39	-45	-45	-45	-45	-48	-48	-89
Accumulated Other Comprehensive Income / (Loss)	-13	-17	-11	-6.50	-7.40	-3.90	-9.80	-4.50	-7.10	-12
Noncontrolling Interest	50	45	57	58	59	65	65	70	71	74

This table displays calculated financial ratios and metrics derived from Ultra Clean's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/25/2015	12/30/2016	12/29/2017	12/28/2018	12/27/2019	12/25/2020	12/31/2021	12/30/2022	12/29/2023	12/27/2024	12/26/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.73%	19.96%	64.26%	137.24%	-51.38%	31.18%	50.26%	12.98%	-26.95%	20.93%	-2.08%
EBITDA Growth	-33.80%	94.68%	192.86%	-17.73%	-11.26%	129.33%	52.65%	-24.55%	-48.86%	89.90%	-117.34%
EBIT Growth	-67.88%	283.34%	299.71%	-32.18%	-50.74%	306.02%	52.97%	-34.68%	-72.47%	226.05%	-202.20%
NOPAT Growth	-237.42%	168.35%	550.43%	-44.42%	-333.10%	197.80%	55.39%	-54.82%	-64.15%	90.02%	-260.57%
Net Income Growth	-194.50%	193.65%	647.19%	-50.73%	-120.81%	1,144.16%	57.21%	-60.13%	-144.05%	255.41%	-597.39%
EPS Growth	-189.47%	188.24%	630.00%	-57.08%	-125.53%	887.50%	42.33%	-67.29%	-179.55%	174.29%	-869.23%
Operating Cash Flow Growth	-96.95%	1,798.16%	178.20%	-14.72%	190.17%	-19.59%	117.47%	-77.69%	187.92%	-52.17%	0.92%
Free Cash Flow Firm Growth	-433.51%	107.95%	256.69%	-1,415.45%	89.38%	276.54%	-442.49%	78.14%	205.68%	-97.02%	6,233.07%
Invested Capital Growth	43.54%	2.23%	22.84%	128.02%	-10.18%	6.48%	57.80%	11.63%	-2.11%	4.25%	-14.82%
Revenue Q/Q Growth	-3.42%	14.47%	8.75%	101.55%	-55.56%	0.66%	38.56%	-2.01%	-6.56%	6.00%	-2.69%
EBITDA Q/Q Growth	-28.13%	84.61%	10.29%	-4.49%	-7.19%	20.94%	17.71%	-10.20%	-28.73%	27.72%	-288.10%
EBIT Q/Q Growth	-58.52%	249.48%	11.72%	-16.34%	-16.26%	30.96%	19.04%	-12.92%	-55.23%	55.79%	-28.08%
NOPAT Q/Q Growth	-267.79%	135.22%	16.97%	-29.86%	-2,559.27%	42.57%	22.70%	-25.86%	41.86%	80.86%	-16.11%
Net Income Q/Q Growth	-224.98%	164.06%	17.00%	-36.34%	-542.78%	67.50%	26.02%	-28.81%	-384.62%	165.38%	-13.49%
EPS Q/Q Growth	-221.43%	160.00%	16.49%	-41.25%	-700.00%	75.00%	20.09%	-30.16%	-7,100.00%	642.86%	-12.04%
Operating Cash Flow Q/Q Growth	-91.28%	199.69%	6.72%	56.74%	4.79%	14.74%	-1.31%	-63.01%	119.90%	-21.88%	-12.06%
Free Cash Flow Firm Q/Q Growth	17.05%	123.92%	-1.75%	3.00%	-164.27%	4.90%	-0.52%	-167.90%	220.51%	103.98%	2.24%
Invested Capital Q/Q Growth	-2.41%	2.01%	6.04%	-1.82%	-4.75%	-0.42%	2.80%	11.67%	3.31%	1.64%	0.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.14%	15.42%	18.14%	16.03%	18.46%	20.86%	20.46%	19.58%	15.99%	16.99%	15.72%
EBITDA Margin	3.75%	6.09%	10.86%	3.77%	6.87%	12.02%	12.21%	8.15%	5.71%	8.96%	-1.59%
Operating Margin	1.25%	3.98%	9.68%	2.77%	2.80%	8.68%	8.84%	5.07%	2.03%	4.35%	-5.23%
EBIT Margin	1.25%	3.98%	9.68%	2.77%	2.80%	8.68%	8.84%	5.11%	1.93%	5.19%	-5.42%
Profit (Net Income) Margin	-2.29%	1.79%	8.12%	1.69%	-0.72%	5.75%	6.01%	2.12%	-1.28%	1.64%	-8.35%
Tax Burden Percent	-297.53%	53.05%	86.32%	70.75%	-334.78%	80.64%	81.92%	57.08%	196.46%	51.34%	117.78%
Interest Burden Percent	61.75%	84.62%	97.21%	86.16%	7.69%	82.13%	83.09%	72.79%	-33.83%	61.71%	130.91%
Effective Tax Rate	397.53%	46.95%	13.68%	29.25%	434.78%	19.36%	18.08%	42.92%	0.00%	48.66%	0.00%
Return on Invested Capital (ROIC)	-9.05%	5.19%	29.96%	9.21%	-16.27%	16.29%	19.04%	6.64%	2.28%	4.29%	-7.29%
ROIC Less NNEP Spread (ROIC-NNEP)	-254.96%	-3.78%	607.75%	2.65%	40.26%	-1.35%	-14.32%	-8.60%	-26.39%	-2.74%	-63.39%
Return on Net Nonoperating Assets (RNNOA)	3.54%	-0.37%	-0.88%	0.64%	14.57%	-0.27%	-1.53%	-1.13%	-4.70%	-0.52%	-12.67%
Return on Equity (ROE)	-5.51%	4.82%	29.08%	9.85%	-1.70%	16.02%	17.51%	5.51%	-2.42%	3.76%	-19.95%
Cash Return on Invested Capital (CROIC)	-44.81%	2.99%	9.46%	-68.85%	-5.54%	10.02%	-25.80%	-4.35%	4.41%	0.13%	8.72%
Operating Return on Assets (OROA)	1.85%	6.25%	18.96%	7.94%	3.01%	11.44%	11.87%	6.09%	1.74%	5.75%	-6.10%
Return on Assets (ROA)	-3.39%	2.80%	15.91%	4.84%	-0.78%	7.58%	8.08%	2.53%	-1.16%	1.82%	-9.41%
Return on Common Equity (ROCE)	-5.51%	4.82%	29.08%	9.66%	-1.65%	15.47%	16.75%	5.23%	-2.28%	3.52%	-18.38%
Return on Equity Simple (ROE_SIMPLE)	-5.34%	4.65%	25.01%	8.48%	-1.76%	15.10%	14.89%	5.68%	-2.65%	3.95%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	12	77	43	-100	98	152	69	25	47	-75
NOPAT Margin	-3.70%	2.11%	8.36%	1.96%	-9.39%	7.00%	7.24%	2.89%	1.42%	2.23%	-3.66%
Net Nonoperating Expense Percent (NNEP)	245.91%	8.97%	-577.79%	6.56%	-56.53%	17.64%	33.36%	15.24%	28.67%	7.03%	56.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.74%	1.79%	3.28%	-5.96%
Cost of Revenue to Revenue	84.86%	84.58%	81.86%	83.97%	81.54%	79.14%	79.54%	80.42%	84.01%	83.01%	84.28%
SG&A Expenses to Revenue	9.40%	7.63%	5.71%	3.90%	12.18%	9.33%	8.17%	7.76%	9.34%	8.56%	9.06%
R&D to Revenue	2.04%	1.76%	1.27%	0.61%	1.37%	1.06%	1.17%	1.20%	1.63%	1.35%	1.56%
Operating Expenses to Revenue	13.90%	11.44%	8.46%	-2.77%	15.65%	12.18%	11.62%	14.51%	13.96%	12.64%	20.95%
Earnings before Interest and Taxes (EBIT)	5.84	22	90	61	30	121	186	121	33	109	-111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	34	100	83	73	168	257	194	99	188	-33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.86	1.48	2.59	0.73	2.13	2.41	3.03	1.70	1.82	1.88	1.66
Price to Tangible Book Value (P/TBV)	2.38	3.40	4.23	3.46	10.92	6.38	7.73	3.34	4.27	3.89	2.69
Price to Revenue (P/Rev)	0.37	0.57	0.84	0.15	0.87	0.92	1.23	0.64	0.88	0.78	0.58
Price to Earnings (P/E)	0.00	31.77	10.34	8.75	0.00	16.52	21.55	37.33	0.00	69.45	0.00
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%	3.15%	9.67%	11.43%	0.00%	6.05%	4.64%	2.68%	0.00%	1.44%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.88	1.45	2.68	0.82	1.85	2.21	2.77	1.57	1.65	1.69	1.50
Enterprise Value to Revenue (EV/Rev)	0.42	0.59	0.82	0.24	1.01	0.98	1.29	0.72	1.02	0.90	0.69
Enterprise Value to EBITDA (EV/EBITDA)	11.30	9.76	7.57	6.44	14.69	8.14	10.54	8.84	17.78	10.04	0.00
Enterprise Value to EBIT (EV/EBIT)	34.06	14.94	8.50	8.77	36.02	11.28	14.57	14.12	52.71	17.33	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	28.17	9.84	12.39	0.00	13.99	17.78	24.92	71.45	40.30	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	214.86	19.04	15.55	12.76	8.90	14.07	12.78	36.28	12.96	29.03	21.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	48.92	31.16	0.00	0.00	22.74	0.00	0.00	36.96	1,327.43	15.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.31	0.17	0.76	0.65	0.49	0.62	0.55	0.53	0.53	0.61
Long-Term Debt to Equity	0.31	0.24	0.13	0.74	0.63	0.47	0.59	0.53	0.51	0.51	0.60
Financial Leverage	-0.01	0.10	0.00	0.24	0.36	0.20	0.11	0.13	0.18	0.19	0.20
Leverage Ratio	1.62	1.72	1.83	2.04	2.20	2.11	2.17	2.18	2.09	2.07	2.12
Compound Leverage Factor	1.00	1.45	1.78	1.75	0.17	1.74	1.80	1.59	-0.71	1.28	2.78
Debt to Total Capital	27.32%	23.87%	14.83%	43.08%	39.24%	32.80%	38.21%	35.41%	34.80%	34.48%	37.82%
Short-Term Debt to Total Capital	4.61%	5.92%	3.51%	1.22%	1.18%	0.90%	1.53%	1.43%	1.28%	1.12%	0.79%
Long-Term Debt to Total Capital	22.71%	17.94%	11.31%	41.85%	38.06%	31.89%	36.68%	33.98%	33.52%	33.36%	37.03%
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%	1.86%	2.12%	2.27%	3.03%	3.38%	4.24%	4.35%	5.80%
Common Equity to Total Capital	72.68%	76.13%	85.17%	55.07%	58.64%	64.94%	58.76%	61.20%	60.97%	61.16%	56.38%
Debt to EBITDA	4.29	1.98	0.52	4.13	3.99	1.60	2.15	2.65	4.84	2.62	-14.63
Net Debt to EBITDA	1.44	0.45	-0.16	2.39	1.77	0.41	0.33	0.80	1.74	0.95	-5.06
Long-Term Debt to EBITDA	3.57	1.49	0.40	4.01	3.87	1.56	2.07	2.55	4.66	2.53	-14.33
Debt to NOPAT	-4.35	5.70	0.68	7.95	-2.92	2.75	3.63	7.48	19.43	10.52	-6.34
Net Debt to NOPAT	-1.46	1.29	-0.21	4.59	-1.30	0.70	0.56	2.26	6.97	3.81	-2.20
Long-Term Debt to NOPAT	-3.61	4.29	0.52	7.72	-2.83	2.67	3.48	7.17	18.72	10.18	-6.21
Altman Z-Score	2.79	3.41	4.64	3.47	2.62	3.68	3.33	3.00	2.57	2.95	2.34
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	1.96%	3.38%	3.43%	4.32%	5.08%	5.86%	6.57%	7.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.96	2.35	1.97	3.32	2.22	2.71	2.42	2.82	2.88	2.89	3.19
Quick Ratio	1.70	1.26	0.76	1.80	1.31	1.72	1.53	1.57	1.57	1.65	1.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-86	6.84	24	-321	-34	60	-206	-45	48	1.42	90
Operating Cash Flow to CapEx	9.12%	241.51%	303.73%	159.77%	626.94%	326.51%	410.08%	47.39%	184.65%	102.36%	130.42%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	11.09	-32.10	-1.33	3.56	-8.52	-1.33	0.98	0.03	2.35
Operating Cash Flow to Interest Expense	0.00	0.00	22.23	4.17	4.73	5.76	8.74	1.39	2.78	1.40	1.71
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	14.91	1.56	3.97	3.99	6.61	-1.55	1.28	0.03	0.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.48	1.57	1.96	2.87	1.07	1.32	1.34	1.19	0.91	1.11	1.13
Accounts Receivable Turnover	7.76	8.41	11.21	22.24	9.71	10.83	10.62	9.43	7.98	9.94	9.13
Inventory Turnover	6.14	5.39	4.44	8.71	4.85	6.27	5.97	4.64	3.56	4.61	4.49
Fixed Asset Turnover	33.38	31.16	36.18	24.96	7.38	9.19	10.47	9.10	5.71	6.41	6.32
Accounts Payable Turnover	8.99	8.59	6.18	13.51	7.49	8.70	7.36	6.51	6.53	8.59	8.50
Days Sales Outstanding (DSO)	47.06	43.39	32.55	16.41	37.61	33.69	34.35	38.72	45.72	36.71	39.97
Days Inventory Outstanding (DIO)	59.40	67.70	82.17	41.92	75.25	58.17	61.10	78.68	102.50	79.18	81.38
Days Payable Outstanding (DPO)	40.62	42.50	59.02	27.01	48.72	41.95	49.59	56.05	55.91	42.49	42.95
Cash Conversion Cycle (CCC)	65.84	68.60	55.70	31.32	64.14	49.92	45.86	61.35	92.31	73.40	78.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	226	231	284	648	582	620	978	1,092	1,069	1,114	949
Invested Capital Turnover	2.44	2.46	3.59	4.70	1.73	2.33	2.63	2.29	1.61	1.92	1.99
Increase / (Decrease) in Invested Capital	69	5.04	53	364	-66	38	358	114	-23	45	-165
Enterprise Value (EV)	199	335	760	532	1,077	1,369	2,705	1,712	1,761	1,887	1,420
Market Capitalization	174	319	776	320	931	1,282	2,575	1,508	1,531	1,646	1,182
Book Value per Share	$6.23	$6.56	$8.93	$11.18	$10.97	$13.15	$18.91	$19.52	$18.71	$19.39	$15.67
Tangible Book Value per Share	$2.26	$2.85	$5.46	$2.37	$2.14	$4.96	$7.42	$9.92	$7.99	$9.40	$9.69
Total Capital	276	284	353	792	745	820	1,445	1,451	1,376	1,428	1,261
Total Debt	76	68	52	341	292	269	552	514	479	493	477
Total Long-Term Debt	63	51	40	332	283	262	530	493	461	477	467
Net Debt	25	15	-16	197	130	69	86	155	172	179	165
Capital Expenditures (CapEx)	10	7.28	16	26	19	30	52	100	74	64	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	89	101	144	189	103	151	224	372	294	337	357
Debt-free Net Working Capital (DFNWC)	139	153	212	333	265	351	690	730	601	651	669
Net Working Capital (NWC)	126	136	200	324	256	344	668	710	583	635	659
Net Nonoperating Expense (NNE)	-6.65	1.83	2.16	5.94	-92	17	26	18	47	12	96
Net Nonoperating Obligations (NNO)	25	15	-16	197	130	69	86	155	172	179	165
Total Depreciation and Amortization (D&A)	12	12	11	22	43	47	71	72	66	79	79
Debt-free, Cash-free Net Working Capital to Revenue	18.88%	17.90%	15.60%	8.63%	9.63%	10.80%	10.64%	15.65%	16.94%	16.05%	17.39%
Debt-free Net Working Capital to Revenue	29.56%	27.22%	22.99%	15.20%	24.87%	25.12%	32.84%	30.76%	34.64%	31.01%	32.57%
Net Working Capital to Revenue	26.85%	24.24%	21.65%	14.76%	24.05%	24.59%	31.79%	29.89%	33.62%	30.25%	32.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.34)	$0.31	$2.25	$0.95	($0.24)	$0.00	$0.00	$0.89	($0.70)	$0.53	($4.00)
Adjusted Weighted Average Basic Shares Outstanding	31.56M	32.63M	33.41M	38.37M	39.50M	0.00	0.00	45.20M	44.70M	44.90M	45.30M
Adjusted Diluted Earnings per Share	($0.34)	$0.30	$2.19	$0.94	($0.24)	$0.00	$0.00	$0.88	($0.70)	$0.52	($4.00)
Adjusted Weighted Average Diluted Shares Outstanding	31.56M	33.15M	34.30M	38.92M	39.50M	0.00	0.00	45.70M	44.70M	45.30M	45.30M
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	32.40M	33.40M	38.47M	39.11M	39.89M	0.00	0.00	44.79M	44.65M	45.13M	45.49M
Normalized Net Operating Profit after Tax (NOPAT)	4.09	12	77	43	21	98	152	69	25	47	31
Normalized NOPAT Margin	0.87%	2.11%	8.36%	1.96%	1.96%	7.00%	7.24%	2.89%	1.42%	2.23%	1.49%
Pre Tax Income Margin	0.77%	3.37%	9.41%	2.38%	0.22%	7.13%	7.34%	3.72%	-0.65%	3.20%	-7.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	40.68	6.07	1.17	7.18	7.67	3.58	0.68	2.34	-2.91
NOPAT to Interest Expense	0.00	0.00	35.12	4.29	-3.91	5.79	6.29	2.03	0.50	1.01	-1.96
EBIT Less CapEx to Interest Expense	0.00	0.00	33.36	3.46	0.41	5.42	5.54	0.64	-0.82	0.98	-4.22
NOPAT Less CapEx to Interest Expense	0.00	0.00	27.80	1.68	-4.66	4.03	4.15	-0.91	-1.00	-0.36	-3.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-7.79%	0.00%	0.00%	0.60%	-0.90%	1.45%	-0.06%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-7.79%	0.00%	0.00%	24.60%	-133.33%	1.45%	-2.04%

This table displays calculated financial ratios and metrics derived from Ultra Clean's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	9/26/2025	12/26/2025	3/27/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	45,490,038.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	45,490,038.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.39
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-31.50%	-21.50%	10.25%	22.44%	24.23%	26.69%	8.56%	0.52%	-5.63%	-10.08%	2.91%
EBITDA Growth	-63.60%	-62.98%	33.45%	123.05%	105.05%	103.13%	-1.19%	-308.00%	-27.59%	-45.07%	-9.91%
EBIT Growth	-90.08%	-89.75%	39.52%	263.06%	486.11%	473.33%	1.48%	-457.32%	-55.45%	-71.76%	-26.28%
NOPAT Growth	-78.70%	-90.65%	-3,727.42%	101.59%	-81.42%	570.74%	85.73%	-704.81%	-19,407.14%	-112.28%	-518.60%
Net Income Growth	-199.22%	-105.63%	-1,900.00%	362.20%	102.34%	1,343.75%	65.28%	-846.51%	-2,800.00%	-102.51%	-500.00%
EPS Growth	-252.38%	-114.52%	-162.50%	300.00%	84.38%	500.00%	47.62%	-952.38%	-380.00%	-119.44%	-263.64%
Operating Cash Flow Growth	-49.51%	190.98%	-65.00%	-36.26%	-58.84%	-51.56%	187.76%	25.86%	-99.33%	-52.63%	-218.09%
Free Cash Flow Firm Growth	-599.02%	132.65%	-200.58%	-8,262.41%	-15.02%	-192.82%	96.83%	104.37%	115.94%	769.94%	322.96%
Invested Capital Growth	5.82%	-2.11%	0.00%	0.00%	5.95%	4.25%	2.69%	-13.43%	-13.94%	-14.82%	-10.87%
Revenue Q/Q Growth	3.20%	2.23%	7.42%	8.04%	4.71%	4.26%	-7.95%	0.04%	-1.70%	-0.67%	5.35%
EBITDA Q/Q Growth	-26.39%	13.13%	67.41%	60.00%	-32.33%	12.07%	-26.81%	-474.77%	123.56%	0.34%	1.69%
EBIT Q/Q Growth	-67.57%	25.00%	284.44%	132.95%	-47.64%	22.27%	-46.90%	-1,151.09%	106.53%	2.13%	5.21%
NOPAT Q/Q Growth	100.39%	-21.05%	-1,564.55%	135.57%	-95.48%	2,750.66%	-131.15%	-1,408.14%	-44.17%	98.19%	-1,468.81%
Net Income Q/Q Growth	-56.10%	87.50%	-350.00%	398.61%	-98.60%	6,533.33%	-112.56%	-6,320.00%	94.95%	93.83%	-2,900.00%
EPS Q/Q Growth	-52.38%	71.88%	-133.33%	300.00%	-111.90%	820.00%	-130.56%	-3,154.55%	93.30%	70.83%	-471.43%
Operating Cash Flow Q/Q Growth	-0.55%	-2.49%	-72.24%	136.73%	-35.78%	14.77%	64.91%	3.55%	-99.66%	8,000.00%	-511.11%
Free Cash Flow Firm Q/Q Growth	-313.36%	149.42%	-4,373.17%	4.21%	94.31%	60.12%	-45.77%	232.10%	-79.25%	1,576.34%	-51.49%
Invested Capital Q/Q Growth	0.00%	3.31%	0.22%	1.45%	0.88%	1.64%	-1.28%	-14.48%	0.30%	0.59%	3.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.99%	15.97%	17.29%	17.15%	17.28%	16.29%	16.20%	15.32%	16.12%	15.24%	15.81%
EBITDA Margin	4.55%	5.04%	7.85%	11.63%	7.51%	8.08%	6.42%	-24.06%	5.76%	5.82%	5.62%
Operating Margin	1.31%	1.01%	3.62%	4.44%	4.66%	4.58%	2.49%	-27.33%	2.08%	2.15%	2.14%
EBIT Margin	0.83%	1.01%	3.62%	7.81%	3.90%	4.58%	2.64%	-27.76%	1.84%	1.90%	1.89%
Profit (Net Income) Margin	-2.94%	-0.36%	-1.51%	4.17%	0.06%	3.53%	-0.48%	-30.94%	-1.59%	-0.10%	-2.81%
Tax Burden Percent	170.67%	20.51%	-266.67%	71.67%	2.94%	81.89%	-51.02%	104.70%	-1,350.00%	-23.81%	-357.14%
Interest Burden Percent	-208.33%	-173.33%	15.61%	74.44%	48.34%	94.19%	35.77%	106.46%	6.38%	21.88%	41.58%
Effective Tax Rate	0.00%	0.00%	366.67%	28.33%	97.06%	18.11%	151.02%	0.00%	1,450.00%	123.81%	457.14%
Return on Invested Capital (ROIC)	1.69%	1.14%	-32.07%	10.96%	0.25%	7.21%	-2.50%	-40.41%	-58.07%	-1.02%	-15.17%
ROIC Less NNEP Spread (ROIC-NNEP)	-13.89%	-1.77%	10.66%	16.78%	-0.03%	6.50%	-0.14%	-77.97%	22.22%	0.20%	-3.53%
Return on Net Nonoperating Assets (RNNOA)	-1.67%	-0.32%	2.19%	3.22%	0.00%	1.24%	-0.03%	-14.94%	4.39%	0.04%	-0.95%
Return on Equity (ROE)	0.03%	0.82%	-29.89%	14.19%	0.25%	8.45%	-2.53%	-55.35%	-53.68%	-0.98%	-16.12%
Cash Return on Invested Capital (CROIC)	-3.93%	4.41%	-194.76%	-200.05%	-3.35%	0.13%	1.86%	9.02%	8.63%	8.72%	4.17%
Operating Return on Assets (OROA)	0.81%	0.92%	3.41%	7.59%	4.07%	5.07%	2.99%	-32.36%	2.12%	2.13%	2.09%
Return on Assets (ROA)	-2.87%	-0.33%	-1.42%	4.05%	0.06%	3.91%	-0.55%	-36.07%	-1.83%	-0.11%	-3.10%
Return on Common Equity (ROCE)	0.02%	0.77%	-27.93%	13.26%	0.23%	7.89%	-2.36%	-51.13%	-49.40%	-0.90%	-14.76%
Return on Equity Simple (ROE_SIMPLE)	0.93%	0.00%	-3.59%	-0.01%	1.52%	0.00%	4.50%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.99	3.15	-46	16	0.74	21	-6.58	-99	-143	-2.60	-41
NOPAT Margin	0.92%	0.71%	-9.66%	3.18%	0.14%	3.75%	-1.27%	-19.13%	-28.06%	-0.51%	-7.63%
Net Nonoperating Expense Percent (NNEP)	15.58%	2.91%	-42.74%	-5.81%	0.28%	0.70%	-2.36%	37.56%	-80.29%	-1.22%	-11.64%
Return On Investment Capital (ROIC_SIMPLE)	-	0.23%	-	-	-	1.48%	-0.46%	-7.83%	-11.38%	-0.21%	-3.12%
Cost of Revenue to Revenue	85.01%	84.03%	82.71%	82.85%	82.72%	83.71%	83.80%	84.68%	83.88%	84.76%	84.19%
SG&A Expenses to Revenue	9.03%	10.50%	9.34%	8.47%	8.64%	7.90%	9.37%	9.04%	9.55%	8.25%	9.18%
R&D to Revenue	1.70%	1.48%	1.47%	1.38%	1.31%	1.26%	1.47%	1.50%	1.53%	1.74%	1.59%
Operating Expenses to Revenue	13.68%	14.95%	13.67%	12.71%	12.62%	11.71%	13.71%	42.66%	14.04%	13.09%	13.68%
Earnings before Interest and Taxes (EBIT)	3.60	4.50	17	40	21	26	14	-144	9.40	9.60	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	22	38	60	41	46	33	-125	29	30	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.59	1.82	2.47	2.58	2.11	1.88	1.14	1.43	1.70	1.66	4.27
Price to Tangible Book Value (P/TBV)	3.18	4.27	5.73	5.68	4.52	3.89	2.32	2.36	2.80	2.69	7.36
Price to Revenue (P/Rev)	0.72	0.88	1.15	1.17	0.91	0.78	0.46	0.48	0.57	0.58	1.29
Price to Earnings (P/E)	2,215.54	0.00	0.00	0.00	502.34	69.45	35.35	0.00	0.00	0.00	0.00
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	0.05%	0.00%	0.00%	0.00%	0.20%	1.44%	2.83%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.47	1.65	2.14	2.24	1.87	1.69	1.11	1.33	1.53	1.50	3.09
Enterprise Value to Revenue (EV/Rev)	0.82	1.02	1.29	1.30	1.03	0.90	0.57	0.58	0.68	0.69	1.46
Enterprise Value to EBITDA (EV/EBITDA)	10.99	17.78	20.80	19.57	13.91	10.04	6.51	445.75	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	20.46	52.71	57.15	48.31	29.28	17.33	11.20	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	87.86	71.45	81.64	0.00	79.07	40.30	24.91	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.69	12.96	19.47	23.30	24.60	29.03	14.65	13.96	19.35	21.65	739.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	36.96	0.00	0.00	0.00	1,327.43	60.38	13.64	16.39	15.78	69.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.53	0.53	0.54	0.53	0.53	0.51	0.61	0.61	0.61	0.86
Long-Term Debt to Equity	0.52	0.51	0.52	0.52	0.52	0.51	0.50	0.59	0.60	0.60	0.86
Financial Leverage	0.12	0.18	0.20	0.19	0.17	0.19	0.19	0.19	0.20	0.20	0.27
Leverage Ratio	2.12	2.09	2.12	2.11	2.09	2.07	2.07	2.16	2.15	2.12	2.29
Compound Leverage Factor	-4.41	-3.62	0.33	1.57	1.01	1.95	0.74	2.30	0.14	0.46	0.95
Debt to Total Capital	34.99%	34.80%	34.83%	35.17%	34.79%	34.48%	33.92%	37.72%	37.88%	37.82%	46.16%
Short-Term Debt to Total Capital	1.28%	1.28%	1.25%	1.16%	1.16%	1.12%	0.71%	0.79%	0.79%	0.79%	0.00%
Long-Term Debt to Total Capital	33.71%	33.52%	33.59%	34.01%	33.63%	33.36%	33.22%	36.93%	37.09%	37.03%	46.16%
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	4.15%	4.24%	4.27%	4.22%	4.56%	4.35%	4.57%	5.55%	5.68%	5.80%	5.69%
Common Equity to Total Capital	60.87%	60.97%	60.90%	60.61%	60.65%	61.16%	61.51%	56.73%	56.44%	56.38%	48.15%
Debt to EBITDA	3.47	4.84	4.31	3.98	3.34	2.62	2.56	170.86	-56.71	-14.63	-16.77
Net Debt to EBITDA	1.01	1.74	1.65	1.41	1.18	0.95	0.87	53.93	-19.32	-5.06	-7.75
Long-Term Debt to EBITDA	3.34	4.66	4.16	3.84	3.23	2.53	2.51	167.29	-55.54	-14.33	-16.77
Debt to NOPAT	27.73	19.43	16.93	-1,707.55	19.01	10.52	9.81	-8.77	-7.36	-6.34	-7.90
Net Debt to NOPAT	8.04	6.97	6.49	-604.51	6.72	3.81	3.33	-2.77	-2.51	-2.20	-3.65
Long-Term Debt to NOPAT	26.72	18.72	16.32	-1,651.27	18.38	10.18	9.60	-8.59	-7.20	-6.21	-7.90
Altman Z-Score	2.53	2.52	2.82	2.98	2.75	2.81	2.45	2.20	2.63	2.57	3.13
Noncontrolling Interest Sharing Ratio	5.70%	5.86%	6.55%	6.52%	6.69%	6.57%	6.74%	7.63%	7.98%	7.87%	8.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.15	2.88	2.76	2.73	2.75	2.89	3.03	3.06	3.21	3.19	3.07
Quick Ratio	1.75	1.57	1.48	1.50	1.52	1.65	1.71	1.71	1.75	1.73	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-53	26	-1,117	-1,070	-61	-24	-35	47	9.70	163	79
Operating Cash Flow to CapEx	348.08%	211.38%	54.75%	178.46%	97.39%	98.84%	227.42%	174.85%	0.91%	80.20%	-350.53%
Free Cash Flow to Firm to Interest Expense	-4.30	2.03	-91.59	-91.49	-5.07	-2.29	-3.57	4.63	0.98	19.36	10.81
Operating Cash Flow to Interest Expense	2.94	2.74	0.80	1.98	1.24	1.61	2.85	2.89	0.01	0.96	-4.56
Operating Cash Flow Less CapEx to Interest Expense	2.10	1.44	-0.66	0.87	-0.03	-0.02	1.60	1.24	-1.10	-0.24	-5.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.91	0.94	0.97	1.04	1.11	1.13	1.17	1.15	1.13	1.10
Accounts Receivable Turnover	9.13	7.98	9.15	9.06	9.93	9.94	10.37	10.35	9.87	9.13	9.18
Inventory Turnover	3.94	3.56	3.84	3.92	4.21	4.61	4.67	4.62	4.52	4.49	4.08
Fixed Asset Turnover	6.74	5.71	5.40	5.74	6.22	6.41	6.50	6.46	6.43	6.32	6.39
Accounts Payable Turnover	6.72	6.53	6.92	6.84	7.81	8.59	8.42	8.31	8.36	8.50	7.42
Days Sales Outstanding (DSO)	39.96	45.72	39.91	40.31	36.76	36.71	35.19	35.25	36.97	39.97	39.75
Days Inventory Outstanding (DIO)	92.75	102.50	94.94	93.20	86.72	79.18	78.16	78.96	80.77	81.38	89.54
Days Payable Outstanding (DPO)	54.32	55.91	52.77	53.37	46.72	42.49	43.36	43.90	43.68	42.95	49.22
Cash Conversion Cycle (CCC)	78.39	92.31	82.08	80.14	76.76	73.40	70.00	70.31	74.06	78.40	80.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,035	1,069	1,071	1,087	1,096	1,114	1,100	941	944	949	981
Invested Capital Turnover	1.84	1.61	3.32	3.45	1.86	1.92	1.97	2.11	2.07	1.99	1.99
Increase / (Decrease) in Invested Capital	57	-23	1,071	1,087	62	45	29	-146	-153	-165	-120
Enterprise Value (EV)	1,526	1,761	2,292	2,435	2,047	1,887	1,221	1,248	1,443	1,420	3,031
Market Capitalization	1,329	1,531	2,051	2,200	1,808	1,646	993	1,027	1,210	1,182	2,678
Book Value per Share	$18.70	$18.71	$18.61	$18.98	$19.05	$19.39	$19.32	$15.93	$15.66	$15.67	$13.80
Tangible Book Value per Share	$9.34	$7.99	$8.02	$8.62	$8.89	$9.40	$9.51	$9.63	$9.53	$9.69	$8.00
Total Capital	1,377	1,376	1,364	1,406	1,415	1,428	1,418	1,268	1,258	1,261	1,304
Total Debt	482	479	475	495	492	493	481	478	476	477	602
Total Long-Term Debt	464	461	458	478	476	477	471	468	467	467	602
Net Debt	140	172	182	175	174	179	163	151	162	165	278
Capital Expenditures (CapEx)	10	17	18	13	15	17	12	17	11	10	9.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	308	294	303	306	325	337	327	326	344	357	417
Debt-free Net Working Capital (DFNWC)	650	601	596	626	643	651	645	654	658	669	740
Net Working Capital (NWC)	632	583	579	609	627	635	635	644	648	659	740
Net Nonoperating Expense (NNE)	17	4.75	-39	-5.09	0.44	1.23	-4.08	61	-135	-2.10	-26
Net Nonoperating Obligations (NNO)	140	172	182	175	174	179	163	151	162	165	278
Total Depreciation and Amortization (D&A)	16	18	20	20	20	20	20	19	20	20	20
Debt-free, Cash-free Net Working Capital to Revenue	16.58%	16.94%	17.05%	16.34%	16.43%	16.05%	15.29%	15.24%	16.29%	17.39%	20.14%
Debt-free Net Working Capital to Revenue	35.01%	34.64%	33.52%	33.40%	32.51%	31.01%	30.14%	30.53%	31.17%	32.57%	35.78%
Net Working Capital to Revenue	34.06%	33.62%	32.57%	32.53%	31.68%	30.25%	29.68%	30.07%	30.70%	32.08%	35.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.09)	($0.21)	$0.43	($0.05)	$0.36	($0.11)	($3.58)	($0.24)	($0.07)	($0.40)
Adjusted Weighted Average Basic Shares Outstanding	0.00	44.70M	44.60M	44.90M	45M	44.90M	45.10M	45.20M	45.40M	45.30M	45.30M
Adjusted Diluted Earnings per Share	$0.00	($0.09)	($0.21)	$0.42	($0.05)	$0.36	($0.11)	($3.58)	($0.24)	($0.07)	($0.40)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	44.70M	44.60M	45.40M	45M	45.30M	45.10M	45.20M	45.40M	45.30M	45.30M
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	0.00	44.65M	44.91M	45.03M	45.06M	45.13M	45.15M	45.34M	45.39M	45.49M	44.83M
Normalized Net Operating Profit after Tax (NOPAT)	3.99	3.15	12	16	18	21	9.03	6.51	7.42	7.63	7.98
Normalized NOPAT Margin	0.92%	0.71%	2.54%	3.18%	3.26%	3.75%	1.74%	1.25%	1.45%	1.51%	1.50%
Pre Tax Income Margin	-1.72%	-1.75%	0.57%	5.81%	1.89%	4.31%	0.94%	-29.55%	0.12%	0.41%	0.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.29	0.35	1.42	3.44	1.76	2.43	1.38	-14.26	0.95	1.14	1.38
NOPAT to Interest Expense	0.32	0.24	-3.78	1.40	0.06	1.99	-0.66	-9.83	-14.45	-0.31	-5.58
EBIT Less CapEx to Interest Expense	-0.55	-0.95	-0.05	2.33	0.48	0.80	0.13	-15.91	-0.16	-0.06	0.08
NOPAT Less CapEx to Interest Expense	-0.52	-1.05	-5.25	0.29	-1.21	0.36	-1.92	-11.48	-15.57	-1.51	-6.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.56%	-0.90%	0.00%	-200.00%	4.62%	1.45%	0.00%	-0.35%	-0.07%	-0.06%	0.00%
Augmented Payout Ratio	461.54%	-133.33%	-51.01%	-5,900.00%	48.46%	1.45%	0.00%	-2.73%	-2.31%	-2.04%	-23.57%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Ultra Clean Holdings, Inc. (UCTT) based on the latest four years of quarterly results (through Q4 2025). Items are ordered with positives first, then neutral, then negatives.

Operating cash flow turned positive in multiple 2025 quarters (Q2 2025: 29.2 million; Q4 2025: 8.1 million), signaling ongoing cash generation from core operations despite net losses.
In Q4 2025, total operating expenses declined to 66.3 million from 71.6 million in Q3 2025, helping to stabilize operating income.
Gross margin has remained in the low-to-mid teens over 2023–2025, generally around 15–16% (Total Gross Profit divided by Revenue), indicating relatively stable gross profitability despite revenue fluctuations.
Financing activity was modest and mixed, with a small net inflow of about 1.1 million in Q4 2025 and varied results in other quarters.
Total assets edged down over 2025 (roughly 1.89 billion at the start of the year to about 1.72–1.75 billion mid-year), suggesting some balance-sheet tightening.
Long-term debt remained substantial around 466–468 million in mid-2025, implying a meaningful leverage load and ongoing interest obligations.
Revenue declined from a 2024 high of about 563.4 million to 506.6 million in Q4 2025, indicating slower top-line growth.
Net income attributable to common shareholders continued to be negative in 2025, with a Q4 2025 loss of about 3.3 million.
Investing cash flow stayed negative due to ongoing capital expenditures (example: Q2 2025 at about -16.7 million; Q4 2025 at about -10.0 million).
Earnings per share remained negative in 2025, with Q4 2025 basic and diluted EPS at -0.07 USD.

05/14/26 06:34 PM ETAI Generated. May Contain Errors.

Ultra Clean Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ultra Clean's fiscal year ends in December. Their fiscal year 2025 ended on December 26, 2025.

Ultra Clean's net income appears to be on a downward trend, with a most recent value of -$171.60 million in 2025, rising from -$10.73 million in 2015. The previous period was $34.50 million in 2024. Find out what analysts predict for Ultra Clean in the coming months.

Ultra Clean's total operating income in 2025 was -$107.40 million, based on the following breakdown:

Total Gross Profit: $322.90 million
Total Operating Expenses: $430.30 million

Over the last 10 years, Ultra Clean's total revenue changed from $469.10 million in 2015 to $2.05 billion in 2025, a change of 337.9%.

Ultra Clean's total liabilities were at $944.90 million at the end of 2025, a 4.0% decrease from 2024, and a 598.8% increase since 2015.

In the past 10 years, Ultra Clean's cash and equivalents has ranged from $50.10 million in 2015 to $466.50 million in 2020, and is currently $311.80 million as of their latest financial filing in 2025.

Over the last 10 years, Ultra Clean's book value per share changed from 6.23 in 2015 to 15.67 in 2025, a change of 151.4%.

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Financial statements for NASDAQ:UCTT last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ultra Clean (UCTT) Financials

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Ultra Clean (UCTT) Financials

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When does Ultra Clean's financial year end?

How has Ultra Clean's net income changed over the last 10 years?

What is Ultra Clean's operating income?

How has Ultra Clean's revenue changed over the last 10 years?

How much debt does Ultra Clean have?

How much cash does Ultra Clean have?

How has Ultra Clean's book value per share changed over the last 10 years?

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