TTM TECHNOLOGIES INC TTMI

Technology SIC 3672 - Printed Circuit Boards NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Bare Printed Circuit Board Manufacturing derived Nasdaq

We are a leading global manufacturer of technology products, including mission systems, RF components, RF microwave/microelectronic assemblies, and technologically advanced interconnect products, including PCBs and substrates. In 2025, we generated approximately $2.9 billion in net sales and ended the year with approximately 18,200 employees worldwide. We currently operate a total of 24 specialized facilities in North America and Asia. We focus on providing time-to-market and volume production of advanced technology products and offer a one-stop design, engineering, and manufacturing solution to our customers. This solution allows us to align technology development with the diverse needs of our customers and to enable them to reduce the time required to develop new products and bring them to market. We serve a diversified customer base consisting of approximately 1,300 customers in various markets throughout the world, including aerospace and defense, data center computing, automotive, medical, industrial, and instrumentation, and networking. Our customers include OEMs, EMS providers, ODMs, distributors, and government agencies (both domestic and allied foreign governments).

Last close 80.11 2026-10-23
Market cap $8.44B 2026-06-29 share count
52-week range 55.44 - 223.83

Valuation FY2025 figures against the last close

P/S2.9x
P/E47.7x
P/FCF—
EV/EBITDA23.6x
Dividend yield—
Diluted EPS1.68

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.91B$2.44B$2.23B$2.50B$2.25B$2.11B$2.13B$2.24B$2.66B$2.53B
Cost of revenue $2.30B$1.97B$1.82B$2.04B$1.88B$1.75B$1.76B$1.84B$2.23B$2.11B
Gross profit $601.7M$477.4M$413.3M$458.0M$372.0M$359.0M$377.2M$402.7M$429.6M$423.6M
R&D $29.0M$31.8M$27.3M$24.8M$18.1M$19.8M$17.9M$13.7M——
SG&A $192.1M$170.1M$149.6M$158.2M$124.9M$122.5M$129.3M$138.3M$126.1M$147.2M
Total operating expenses $337.0M$361.3M$371.0M$247.6M$246.0M$330.9M$267.5M$283.7M$216.8M$250.2M
Operating income $264.7M$116.0M$42.3M$210.4M$126.0M$28.1M$109.6M$119.0M$212.8M$173.5M
Interest expense $45.3M$47.5M$48.1M$45.5M$45.5M$73.2M$82.1M$75.8M$53.9M$76.0M
Pre-tax income $210.3M$83.9M$297.0K$182.9M$70.1M-$46.3M$34.3M$47.2M$140.0M$67.0M
Income tax $32.9M$27.6M$19.0M$88.3M$15.6M$29.9M$2.4M$88.2M$15.2M$31.4M
Net income $177.4M$56.3M-$18.7M$94.6M$54.4M$177.5M$41.3M$173.6M$124.2M$34.9M
EPS, basic 1.730.55-0.180.930.511.670.391.681.220.35
EPS, diluted 1.680.54-0.180.910.501.670.391.381.040.34
Shares, diluted (wtd. avg.) 105.5M104.1M102.7M103.9M108.2M106.4M106.3M134.0M132.5M101.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $501.2M$503.9M$450.2M$402.7M$537.7M$451.6M$379.8M$228.0M$409.3M$256.3M
Receivables $563.7M$448.6M$413.6M$473.2M$386.3M$381.1M$503.6M$523.2M$483.9M$432.8M
Inventory $250.1M$225.0M$213.1M$170.6M$127.6M$115.7M$113.8M$109.4M$294.6M$269.2M
Total current assets $1.86B$1.61B$1.43B$1.49B$1.41B$1.25B$1.34B$1.21B$1.22B$1.01B
Property, plant and equipment $1.01B$870.0M$807.7M$724.2M$665.8M$650.4M$678.2M$1.05B$1.06B$966.6M
Goodwill $670.1M$670.1M$702.7M$760.4M$637.3M$637.3M$706.5M$698.8M$372.6M$372.6M
Other intangibles $154.9M$191.8M$236.7M$288.0M$239.9M$281.3M$325.7M$375.9M$103.0M$126.6M
Total assets $3.84B$3.47B$3.32B$3.32B$3.03B$2.90B$3.56B$3.46B$2.78B$2.50B
Accounts payable $543.5M$406.2M$334.6M$361.8M$361.5M$327.1M$329.9M$431.3M$497.5M$371.6M
Short-term debt $3.8M$3.8M$3.5M———$250.0M$30.0M$4.6M$110.7M
Total current liabilities $962.2M$809.1M$704.0M$761.3M$558.1M$518.0M$946.7M$673.2M$720.4M$689.1M
Long-term debt $912.3M$914.4M$914.3M$879.4M$927.8M$842.9M$1.23B$1.46B$975.5M$909.0M
Retained earnings $1.02B$838.4M$782.1M$800.8M$706.3M$651.8M$474.3M$433.0M$230.8M$74.8M
Total equity $1.76B$1.56B$1.51B$1.54B$1.46B$1.44B$1.28B$1.23B$1.01B$829.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $291.9M$236.9M$187.3M$272.9M$176.6M$287.2M$311.9M$273.1M$332.8M$298.3M
Depreciation and amortisation $110.3M$105.2M$99.2M$91.3M$85.9M$99.6M$93.4M$91.3M$150.8M$156.2M
Stock-based compensation $41.7M$29.8M$22.9M$19.5M$17.7M$16.1M$16.8M$20.7M$18.3M$11.1M
Capital expenditure $292.6M$185.7M$160.2M$102.9M$82.0M$103.3M$142.6M$150.1M$151.3M$85.1M
Investing cash flow -$273.9M-$146.2M-$92.0M-$395.5M-$84.1M$404.3M-$136.0M-$746.2M-$124.1M-$78.0M
Financing cash flow -$20.9M-$36.8M-$47.7M-$11.3M-$7.2M-$642.3M-$31.8M$321.1M-$59.0M-$217.1M
Buybacks $17.9M$34.5M$24.4M$35.4M$64.7M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-051976.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 2.5B Gross profit, FY2016: 423.6M Net income, FY2016: 34.9M Revenue, FY2017: 2.7B Gross profit, FY2017: 429.6M Net income, FY2017: 124.2M Revenue, FY2018: 2.2B Gross profit, FY2018: 402.7M Net income, FY2018: 173.6M Revenue, FY2019: 2.1B Gross profit, FY2019: 377.2M Net income, FY2019: 41.3M Revenue, FY2020: 2.1B Gross profit, FY2020: 359M Net income, FY2020: 177.5M Revenue, FY2021: 2.2B Gross profit, FY2021: 372M Net income, FY2021: 54.4M Revenue, FY2022: 2.5B Gross profit, FY2022: 458M Net income, FY2022: 94.6M Revenue, FY2023: 2.2B Gross profit, FY2023: 413.3M Net income, FY2023: -18.7M Revenue, FY2024: 2.4B Gross profit, FY2024: 477.4M Net income, FY2024: 56.3M Revenue, FY2025: 2.9B Gross profit, FY2025: 601.7M Net income, FY2025: 177.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.53B $2.66B $2.24B $2.13B $2.11B $2.25B $2.50B $2.23B $2.44B $2.91B
Gross profit $423.6M $429.6M $402.7M $377.2M $359.0M $372.0M $458.0M $413.3M $477.4M $601.7M
Net income $34.9M $124.2M $173.6M $41.3M $177.5M $54.4M $94.6M -$18.7M $56.3M $177.4M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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