Ultra Clean Holdings, Inc. UCTT

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Ultra Clean Holdings, Inc., ("UCT", the "Company" or "We") is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping and part and component manufacturing, as well as tool chamber parts cleaning and coating, and micro-contamination analytical services. We report results for two segments: Products and Services. Our Products segment primarily designs, engineers and manufactures production tools, components and parts, and modules and subsystems for the semiconductor and display capital equipment markets. Products include chemical delivery modules, frame assemblies, gas delivery systems, fluid delivery systems, precision robotics, process modules as well as other high-level assemblies. Our Services segment provides ultra-high purity parts cleaning, process tool part recoating, surface encapsulation and high sensitivity micro contamination analysis primarily for the semiconductor device makers and wafer fabrication equipment ("WFE") markets.

Last close 45.32 2026-10-23
Market cap $2.05B 2026-06-26 share count
52-week range 21.48 - 144.22

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF134.1x
EV/EBITDA—
Dividend yield—
Diluted EPS-4.00

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Singapore
  • United States
  • Austria
  • Others
  • China
  • South Korea
  • Malaysia
  • Taiwan
Revenue by geography, 8 categories over 3 years. The same figures are in the table below. FY2025 Singapore, FY2025: 754M (36.7%) 37% Singapore United States, FY2025: 495.4M (24.1%) 24% United States Austria, FY2025: 221.5M (10.8%) 11% Austria Others, FY2025: 190.5M (9.3%) 9% Others China, FY2025: 143.1M (7.0%) 7% China South Korea, FY2025: 112.6M (5.5%) 5% Malaysia, FY2025: 78.2M (3.8%) 4% Taiwan, FY2025: 58.7M (2.9%) FY2024 Singapore, FY2024: 711.5M (33.9%) 34% United States, FY2024: 566.5M (27.0%) 27% Austria, FY2024: 178.4M (8.5%) 9% Others, FY2024: 190.7M (9.1%) 9% China, FY2024: 214.7M (10.2%) 10% South Korea, FY2024: 103M (4.9%) 5% Malaysia, FY2024: 50.4M (2.4%) Taiwan, FY2024: 82.4M (3.9%) 4% FY2023 Singapore, FY2023: 608.7M (35.1%) 35% United States, FY2023: 526.8M (30.4%) 30% Austria, FY2023: 124.9M (7.2%) 7% Others, FY2023: 168.7M (9.7%) 10% China, FY2023: 118.1M (6.8%) 7% South Korea, FY2023: 94.2M (5.4%) 5% Malaysia, FY2023: 21.8M (1.3%) Taiwan, FY2023: 71.3M (4.1%) 4%
Region FY2025FY2024FY2023
Singapore $754.0M $711.5M $608.7M
United States $495.4M $566.5M $526.8M
Austria $221.5M $178.4M $124.9M
Others $190.5M $190.7M $168.7M
China $143.1M $214.7M $118.1M
South Korea $112.6M $103.0M $94.2M
Malaysia $78.2M $50.4M $21.8M
Taiwan $58.7M $82.4M $71.3M

As the company reported it, from the “Revenue Recognition - Summary of Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.05B$2.10B$1.73B$2.37B$2.10B$1.40B$1.07B$1.10B$924.4M$562.8M
Cost of revenue $1.73B$1.74B$1.46B$1.91B$1.67B$1.11B$869.4M$920.7M$756.7M$476.0M
Gross profit $322.9M$356.3M$277.3M$465.0M$430.0M$291.8M$196.8M$175.8M$167.7M$86.8M
R&D $32.0M$28.3M$28.3M$28.5M$24.5M$14.8M$14.6M$13.3M$11.7M$9.9M
SG&A $186.0M$179.5M$162.0M$184.3M$171.6M$130.5M$129.9M$85.5M$52.8M$42.9M
Total operating expenses $430.3M$265.1M$242.1M$344.6M$244.3M$170.4M$166.9M$115.1M$78.2M$64.4M
Operating income -$107.4M$91.2M$35.2M$120.4M$185.7M$121.4M$29.9M$60.7M$89.5M$22.4M
Interest expense $38.3M$46.5M$48.8M$33.9M$24.2M$16.9M$25.6M$10.0M$2.2M—
Pre-tax income -$145.7M$67.2M-$11.3M$88.3M$154.3M$99.7M$2.3M$52.3M$87.0M$18.9M
Income tax $25.9M$32.7M$10.9M$37.9M$27.9M$19.3M$10.0M$15.3M$11.9M$8.9M
Net income -$181.2M$23.7M-$31.1M$40.4M$119.5M$77.6M-$9.4M$36.6M$75.1M$10.1M
EPS, basic -4.000.53-0.700.892.751.93-0.240.952.250.31
EPS, diluted -4.000.52-0.700.882.691.89-0.240.942.190.30
Shares, diluted (wtd. avg.) 45.3M45.3M44.7M45.7M444140393433.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $311.8M$313.9M$307.0M$358.8M$466.5M$200.3M$162.5M$144.1M$68.3M$52.5M
Receivables $208.8M$241.1M$180.8M$253.7M$250.1M$145.5M$112.7M$107.0M$90.2M$74.7M
Inventory $390.9M$381.0M$374.5M$443.9M$379.2M$180.4M$172.4M$186.1M$236.8M$103.9M
Total current assets $959.7M$970.1M$893.2M$1.10B$1.14B$545.1M$467.0M$462.9M$407.4M$237.4M
Property, plant and equipment $324.6M$325.9M$328.3M$279.6M$242.3M$159.2M$145.3M$143.5M$32.2M$18.9M
Goodwill $114.2M$265.3M$265.2M$248.8M$270.0M$171.1M$171.1M$150.2M$85.2M$85.2M
Other intangibles $156.8M$184.9M$215.3M$187.9M$245.7M$160.5M$180.3M$193.5M$31.6M$37.0M
Total assets $1.73B$1.92B$1.87B$1.96B$1.87B$1.10B$1.02B$965.5M$563.4M$380.7M
Accounts payable $194.9M$212.5M$192.9M$253.5M$332.9M$121.3M$133.1M$99.0M$173.5M$71.2M
Total current liabilities $300.7M$335.6M$310.0M$389.2M$469.1M$201.2M$210.6M$139.3M$207.3M$101.1M
Long-term debt $481.4M$499.7M—$485.3M$565.4M$276.9M$301.9M———
Total liabilities $944.9M$984.1M$970.5M$1.02B$1.13B$551.3M$566.8M$514.5M$263.1M$164.6M
Retained earnings $189.2M$370.4M$346.7M$377.8M$337.4M$217.9M$140.3M$149.7M$113.1M$38.0M
Total equity $711.0M$873.6M$897.2M$937.0M$892.7M$551.2M$452.5M$451.0M$300.3M$216.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $65.6M$65.0M$135.9M$47.2M$211.6M$97.3M$121.0M$41.7M$48.9M$17.6M
Stock-based compensation $19.2M$17.4M$12.1M$19.1M$15.8M$12.7M$12.1M$10.3M$7.8M$5.7M
Capital expenditure $50.3M$63.5M$75.8M$100.1M$59.3M$36.4M$26.3M$26.1M$16.1M$7.3M
Investing cash flow -$47.0M-$63.5M-$119.7M-$96.2M-$404.8M-$29.8M-$49.2M-$345.9M-$16.1M-$7.3M
Financing cash flow -$21.2M$9.8M-$69.9M-$56.0M$460.8M-$31.1M-$53.4M$380.1M-$17.1M-$7.9M
Buybacks $3.4M$0$29.4M$12.1M$0$0—$3.3M$3.3M$3.3M

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 0001140361-26-016813.

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: 562.8M Gross profit, FY2016: 86.8M Net income, FY2016: 10.1M Revenue, FY2017: 924.4M Gross profit, FY2017: 167.7M Net income, FY2017: 75.1M Revenue, FY2018: 1.1B Gross profit, FY2018: 175.8M Net income, FY2018: 36.6M Revenue, FY2019: 1.1B Gross profit, FY2019: 196.8M Net income, FY2019: -9.4M Revenue, FY2020: 1.4B Gross profit, FY2020: 291.8M Net income, FY2020: 77.6M Revenue, FY2021: 2.1B Gross profit, FY2021: 430M Net income, FY2021: 119.5M Revenue, FY2022: 2.4B Gross profit, FY2022: 465M Net income, FY2022: 40.4M Revenue, FY2023: 1.7B Gross profit, FY2023: 277.3M Net income, FY2023: -31.1M Revenue, FY2024: 2.1B Gross profit, FY2024: 356.3M Net income, FY2024: 23.7M Revenue, FY2025: 2.1B Gross profit, FY2025: 322.9M Net income, FY2025: -181.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $562.8M $924.4M $1.10B $1.07B $1.40B $2.10B $2.37B $1.73B $2.10B $2.05B
Gross profit $86.8M $167.7M $175.8M $196.8M $291.8M $430.0M $465.0M $277.3M $356.3M $322.9M
Net income $10.1M $75.1M $36.6M -$9.4M $77.6M $119.5M $40.4M -$31.1M $23.7M -$181.2M

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
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Material agreement signed Item 1.01
  • 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

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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