Ultra Clean Holdings, Inc.

UCTT Technology Semiconductor Equipment & Materials

Ultra Clean Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, down 2.08% from fiscal 2024. In the quarter to June 2026, revenue grew 24.3%, EPS grew 105.3%, free cash flow fell 558.4% and total debt rose 25.3%, each against the same quarter a year earlier.

49.46 5.24 −9.58%
Market cap
$2.6B
P/E
0.0×
Fwd P/E
37.2×
Dividend yield
—
F-score
4/9
Altman Z
2.32
Beneish M
−3.38
Dividend safety
41/100

Insider Decisions trades per month

Total sells 11.95
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 — — — 1 8 4 1 — — —
Insider Ownership 2.57%

Capital & Financial Ratios $m

Market Cap 2,620.00
Revenue 2,195.20
Net Income (11.70)
Free Cash Flow (113.10)
Net Debt 343.50
Current Ratio 2.73 (at or above 1.5: strong)
Debt/Equity 0.84
P/E ratio 0.00
Fwd P/E 37.20 (above 35: high)
P/S ratio 1.02
P/B ratio 3.11
Past 5Y EPS Growth —
This Y EPS Growth 220.42% (at or above 15%: strong)
Next Y EPS Growth 89.21% (at or above 15%: strong)
Next Y revenue growth 32.42% (at or above 10%: strong)
Next 5Y EPS Growth 94.50% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 74.99%
10-year low 10-year high
P/B against its own 10 years 87.04%
10-year low 10-year high
EV/Sales against its own 10 years 80.13%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 307 314 312 256
Receivables 181 241 209 208
Inventory 375 381 391 630
Other — — — —
893 970 960 1,161
2023 2024 2025 Q'26
Payables 193 213 195 301
ST’ Debt 18 16 10 —
Other 34 38 25 40
310 336 301 425

Compound Annual Growth %

10y 5y 3y
Sales 15.91% 7.99% (4.72%)
Cash Flow 53.12% (7.58%) 11.60%
Earnings 0.00% 0.00% 0.00%
Book Value 14.59% 7.30% (5.77%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.40) 0.19 — — —
’25 (0.11) (3.58) (0.24) (0.07) (4.00)
’24 (0.21) 0.42 (0.05) 0.36 0.52
’23 (0.08) (0.21) (0.32) (0.08) (0.70)
’22 0.61 (0.56) 0.21 0.61 0.88
’21 0.60 0.39 0.70 1.00 2.69
’20 0.23 0.52 0.59 0.55 1.89
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 534 645 — — —
’25 519 519 510 507 2,054
’24 478 516 540 563 2,098
’23 433 422 435 445 1,735
’22 564 609 635 567 2,374
’21 418 515 554 615 2,102
’20 321 345 363 370 1,399
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) (41) — — —
’25 28 29 0 8 66
’24 10 23 15 17 65
’23 28 36 36 35 136
’22 (67) 82 72 (39) 47
’21 66 51 53 42 212
’20 16 18 20 44 97
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (43) (57) — — —
’25 16 13 (11) (2) 15
’24 (8) 10 0 0 2
’23 1 17 26 16 60
’22 (96) 64 50 (71) (52)
’21 66 35 34 25 160
’20 9 10 14 35 68
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 4.50 9.42 6.94 8.10 11.79 31.59 23.32 22.15 31.01 16.66 +15.7% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 10.65 34.59 27.20 24.24 37.02 65.33 60.49 40.80 56.47 40.10 +15.9% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 2,182 2,747 4,280 4,400 4,996 7,066 7,765 7,184 8,237 7,874 +15.3% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.26 0.34 0.26 0.24 0.28 0.30 0.31 0.24 0.25 0.26 +0.1% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 563 924 1,097 1,066 1,399 2,102 2,374 1,735 2,098 2,054 +15.5% 2,720 3,846 4,225 +27.2%
Gross margin, % 15.42 18.14 16.03 18.46 20.86 20.46 19.58 15.99 16.99 15.72 +0.3 pt
EBT 19 87 52 2 100 154 88 (11) 67 (146) n/m
EBT margin, % 3.37 9.41 4.77 0.22 7.13 7.34 3.72 (0.65) 3.20 (7.09) (10.5) pt
Net income 10 75 37 (8) 80 126 50 (22) 35 (172) n/m
Depreciation 12 11 22 43 47 71 72 66 79 230 +39.0%
Per share, $
Per share, $ Revenue 17.25 27.68 28.55 26.99 34.79 48.31 52.53 38.80 46.72 45.34 +11.3%
Earnings 0.31 2.25 0.95 (0.24) 1.93 2.75 0.89 (0.70) 0.53 (4.00) n/m
Cash flow 0.54 1.46 1.09 3.06 2.42 4.86 1.04 3.04 1.45 1.45 +11.6%
Capex (0.22) (0.48) (0.68) (0.49) (0.74) (1.19) (2.20) (1.70) (1.41) (1.11) +19.5%
Free cash flow 0.32 0.98 0.41 2.57 1.68 3.68 (1.16) 1.34 0.03 0.34 +0.8%
Book value 6.62 8.99 11.74 11.46 13.71 20.52 20.73 20.07 20.84 17.31 +11.3%
Shares, m 33 33 38 40 40 44 45 45 45 45 +3.7%
Valuation, ×
Valuation, × P/E 32.63 10.58 8.64 0.00 16.14 21.01 37.61 0.00 67.83 0.00 19.4
P/S 0.57 0.86 0.30 0.87 0.90 1.19 0.63 0.85 0.77 0.56 0.7
P/B 1.48 2.63 0.72 2.05 2.27 2.80 1.60 1.65 1.72 1.46 1.8
EV/Sales 0.59 0.84 0.48 0.99 0.94 1.23 0.70 0.95 0.85 0.64 0.8
EV/FCF 32.50 23.63 33.49 10.39 19.57 16.13 (31.51) 27.43 1,195.17 85.79 141.3
Cash, $m
Cash, $m Operating cash flow 18 49 42 121 97 212 47 136 65 66 +15.8%
Capex (7) (16) (26) (19) (30) (52) (100) (76) (63) (50) +24.0%
Free cash flow 10 33 16 102 68 160 (52) 60 2 15 +4.5%
Balance, $m
Balance, $m Working capital 136 200 324 256 344 668 710 583 635 659 +19.1%
Total debt 68 52 341 292 269 552 514 479 493 477 +24.2%
Net debt 15 (16) 197 130 69 86 155 172 179 165 +30.3%
Shareholders’ equity 216 300 451 453 551 893 937 897 936 784 +15.4%
Returns, %
Returns, % ROA 2.80 15.91 4.79 (0.95) 7.31 7.64 2.03 (1.62) 1.25 (9.93) (12.7) pt
ROIC 6.05 19.68 5.85 3.21 12.24 11.86 6.89 2.06 5.11 (7.07) (13.1) pt
ROE 4.82 29.08 9.74 (2.08) 15.46 16.55 4.42 (3.39) 2.59 (21.07) (25.9) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Ultra Clean Holdings, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AXTI AXT Inc $4.0B 1,820× 61.6× +164.77% (above 0%: growing) n/m +173.29% (above 0%: growing) 44.90% 21.90% Compare
ACLS Axcelis Technologies, Inc. $3.5B 33.3× 37.6× +10.60% (above 0%: growing) −23.23% (below 0%: shrinking) −60.74% (below 0%: shrinking) 42.38% 9.43% Compare
ACMR ACM Research, Inc. $3.4B 20.2× 18.7× +36.01% (above 0%: growing) +178.72% (above 0%: growing) −19.43% (below 0%: shrinking) 45.96% 16.98% Compare
IPGP IPG Photonics Corporation $3.2B 110× 64.4× +11.11% (above 0%: growing) −25.00% (below 0%: shrinking) +200.46% (above 0%: growing) 40.39% 1.63% Compare
AMBA Ambarella, Inc. $2.9B — (loss-making) — (loss-making) +13.21% (above 0%: growing) n/m −612.08% (below 0%: shrinking) 57.73% (7.53%) Compare
UCTT Ultra Clean Holdings, Inc. $2.6B — (loss-making) 37.2× +24.31% (above 0%: growing) n/m −558.40% (below 0%: shrinking) 16.08% 4.57%
VECO Veeco Instruments Inc. $2.6B 102× 47.0× +16.48% (above 0%: growing) −5.00% (below 0%: shrinking) +776.15% (above 0%: growing) 38.68% 6.13% Compare
COHU Cohu, Inc. $2.5B — (loss-making) 1,199× +38.37% (above 0%: growing) n/m −39.36% (below 0%: shrinking) 45.36% 0.20% Compare
AEHR Aehr Test Systems $2.0B — (loss-making) 106× +33.69% (above 0%: growing) n/m +133.16% (above 0%: growing) 42.57% (6.40%) Compare
Median of peers $3.0B 102× 61.6× +25.09% −14.11% +56.87% 43.74% 3.88%

All 29 Semiconductor Equipment & Materials stocks →

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Directors and executive officers, together 1.80%
BlackRock, Inc. 14.80%
The Vanguard Group 10.10%
Frontier Capital Management Co., LLC. 7.70%
Invesco Ltd. 7.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ultra Clean Holdings, Inc. (UCTT) Latest News

stockrow.com/UCTT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com