Ultra Clean Holdings, Inc. (UCTT) Stock Analysis
Technology · Semiconductor Equipment & Materials · NasdaqGS
Ultra Clean Holdings, Inc. (UCTT) posted $2.05B in revenue for fiscal 2025 (down 2.1% year over year), with a net loss of $181.20M, and has compounded revenue about 8.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. has grown revenue from $562.76M to $2.05B over the last 10 fiscal years, compounding about 8% a year. The most recent year was down 2.1%, so growth has cooled from its longer-run pace.
Net margin sits at -8.8%, down 9.9 points year over year on a 15.7% gross margin. It carries about $467.00M of total debt.
At today's valuation the market is pricing in roughly 44.4% annual free-cash-flow growth — versus the -24.1% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Ultra Clean Holdings, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Ultra Clean Holdings, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $562.76M | $924.40M | $1.10B | $1.07B | $1.40B | $2.10B | $2.37B | $1.73B | $2.10B | $2.05B |
| Gross profit | $86.78M | $167.70M | $175.80M | $196.80M | $291.80M | $430.00M | $465.00M | $277.30M | $356.30M | $322.90M |
| Net income | $10.05M | $75.10M | $36.60M | $-9.40M | $77.60M | $119.50M | $40.40M | $-31.10M | $23.70M | $-181.20M |
| Net margin | 1.8% | 8.1% | 3.3% | -0.9% | 5.5% | 5.7% | 1.7% | -1.8% | 1.1% | -8.8% |
Source: Ultra Clean Holdings, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Ultra Clean Holdings, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $486.8M is 7.4× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -8.8%).
What growth is priced into UCTT stock?
At today's market cap of $4.09B, Ultra Clean Holdings, Inc. is priced for free-cash-flow growth of about 44.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $15.30M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -24.1%/yr over the last five fiscal years and revenue 8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Ultra Clean Holdings, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Ultra Clean Holdings, Inc. financial history by metric
Compare Ultra Clean Holdings, Inc. with peers
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and cleaning and analytical services for the semiconductor industry in the United States and internationally. The company offers outsourced solutions for the development, design, component sourcing and cleaning, prototyping, engineering, and manufacturing and testing of advanced systems. It also provides a range of gas delivery solutions, such as precision thermal products, valves, connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, gas lines, and component heaters, as well as complex weldments. In addition, the company offers assemblies, including gas and fluid delivery solutions, wafer transport systems, mechatronic assemblies, process modules, and sub-fab process equipment support racks; weldments and frames with exacting standards; heaters, sensors, and controllers for precise temperature control; integrated device manufacturers and OEMs validated process tool chamber parts cleaning and coating services; and tool part process optimization solutions, analytical verification of process tool chamber part cleaning effectiveness and micro contamination analysis of tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination. It primarily serves customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.
Ultra Clean Holdings, Inc. — frequently asked questions
What is Ultra Clean Holdings, Inc.'s revenue?
Ultra Clean Holdings, Inc. (UCTT) reported revenue of $2.05B for fiscal year 2025, down 2.1% from the prior year, according to its SEC filings.
Is Ultra Clean Holdings, Inc. profitable?
No — UCTT reported a net loss of $-181.20M in fiscal 2025.
What is UCTT's P/E ratio?
Ultra Clean Holdings, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Ultra Clean Holdings, Inc. growing?
UCTT's revenue grew at roughly 8.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Ultra Clean Holdings, Inc. have?
As of fiscal year 2025, UCTT carried roughly $467.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Ultra Clean Holdings, Inc.'s gross margin?
UCTT's gross margin was 15.7% in fiscal 2025 — gross profit of $322.90M on revenue of $2.05B.
What is Ultra Clean Holdings, Inc.'s market cap?
Ultra Clean Holdings, Inc. (UCTT) has a market capitalization of about $4.09B, based on the latest data in our nightly-refreshed cache.
When does Ultra Clean Holdings, Inc.'s fiscal year end?
UCTT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into UCTT stock?
At today's market cap of $4.09B, Ultra Clean Holdings, Inc. is priced for free-cash-flow growth of about 44.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $15.30M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -24.1%/yr over the last five fiscal years and revenue 8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Ultra Clean Holdings, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.