Ultra Clean (UCTT) Financials

$18.20 -0.44 (-2.33%)

As of 09:37 AM 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	11	-11	10	75	37	-9.40	78	120	40	-31	24
Consolidated Net Income / (Loss)	11	-11	10	75	37	-7.70	80	126	50	-22	35
Net Income / (Loss) Continuing Operations	11	-11	10	75	389	-7.70	80	126	50	-22	35
Total Pre-Tax Income	16	3.61	19	87	52	2.30	100	154	88	-11	67
Total Operating Income	18	5.84	22	90	61	30	121	186	120	35	91
Total Gross Profit	73	71	87	168	352	197	292	430	465	277	356
Total Revenue	514	469	563	924	2,193	1,066	1,399	2,102	2,374	1,735	2,098
Operating Revenue	514	469	563	924	2,193	1,066	1,399	2,102	2,374	1,735	2,098
Total Cost of Revenue	441	398	476	757	1,841	869	1,107	1,672	1,909	1,457	1,741
Operating Cost of Revenue	441	398	476	757	1,841	869	1,107	1,672	1,909	1,457	1,741
Total Operating Expenses	55	65	64	78	-61	167	170	244	345	242	265
Selling, General & Admin Expense	37	44	43	53	86	130	131	172	184	162	180
Marketing Expense	10	11	12	14	16	22	25	48	54	52	57
Research & Development Expense	7.07	9.58	9.90	12	13	15	15	25	29	28	28
Other Operating Expenses / (Income)	-	-	-	-	176	-	-	0.00	77	0.00	0.00
Total Other Income / (Expense), net	-1.85	-2.23	-3.44	-2.50	-8.40	-28	-22	-31	-32	-47	-24
Interest Expense	-	-	-	2.20	10	26	17	24	34	49	47
Interest & Investment Income	-1.85	-2.23	-3.44	-0.30	1.60	-2.00	-4.80	-7.20	0.90	4.10	4.80
Other Income / (Expense), net	-	-	-	-	-	-	-	-	0.90	-1.80	18
Income Tax Expense	4.97	14	8.90	12	15	10	19	28	38	11	33
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.40	1.70	2.80	6.90	10	8.90	11
Basic Earnings per Share	$0.39	($0.34)	$0.31	$2.25	$0.95	($0.24)	$1.93	$2.75	$0.89	($0.70)	$0.53
Weighted Average Basic Shares Outstanding	29.30M	31.56M	32.63M	33.40M	38.40M	39.50M	40.20M	43.50M	45.20M	44.70M	44.90M
Diluted Earnings per Share	$0.38	($0.34)	$0.30	$2.19	$0.94	($0.24)	$1.89	$2.69	$0.88	($0.70)	$0.52
Weighted Average Diluted Shares Outstanding	29.94M	31.56M	33.15M	34.30M	38.90M	39.50M	41.10M	44.40M	45.70M	44.70M	45.30M
Weighted Average Basic & Diluted Shares Outstanding	29.10M	31.60M	32.40M	33.40M	38.50M	39.89M	44.95M	-	44.79M	44.65M	45.13M

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	9.70	28	-3.40	-9.40	-15	-3.80	-9.40	19	-2.30	16
Consolidated Net Income / (Loss)	13	28	0.40	-8.20	-13	-1.60	-7.20	22	0.30	20
Net Income / (Loss) Continuing Operations	13	28	0.40	-8.20	-13	-1.60	-7.20	22	0.30	20
Total Pre-Tax Income	25	37	3.90	0.10	-7.50	-7.80	2.70	30	10	24
Total Operating Income	36	44	12	13	5.70	4.50	17	23	25	26
Total Gross Profit	124	109	73	68	65	71	83	89	93	92
Total Revenue	635	567	433	422	435	445	478	516	540	563
Operating Revenue	635	567	433	422	435	445	478	516	540	563
Total Cost of Revenue	511	458	360	353	370	374	395	428	447	472
Operating Cost of Revenue	511	458	360	353	370	374	395	428	447	472
Total Operating Expenses	88	65	61	56	60	67	65	66	68	66
Selling, General & Admin Expense	46	44	40	36	39	47	45	44	47	45
Marketing Expense	14	13	13	13	13	13	14	15	14	14
Research & Development Expense	7.40	7.10	7.10	7.20	7.40	6.60	7.00	7.10	7.10	7.10
Total Other Income / (Expense), net	-11	-6.90	-8.50	-13	-13	-12	-15	7.10	-15	-1.50
Interest Expense	9.40	11	12	12	12	13	12	12	12	11
Interest & Investment Income	-1.90	3.00	3.30	0.80	1.20	-1.20	-2.40	1.40	1.10	4.70
Income Tax Expense	12	8.60	3.50	8.30	5.30	-6.20	9.90	8.50	9.90	4.40
Net Income / (Loss) Attributable to Noncontrolling Interest	3.20	0.50	3.80	1.20	1.70	2.20	2.20	2.40	2.60	3.60
Basic Earnings per Share	$0.21	$0.62	($0.08)	($0.21)	($0.32)	($0.09)	($0.21)	$0.43	($0.05)	$0.36
Weighted Average Basic Shares Outstanding	45.40M	45.20M	44.80M	44.70M	44.80M	44.70M	44.60M	44.90M	45M	44.90M
Diluted Earnings per Share	$0.21	$0.62	($0.08)	($0.21)	($0.32)	($0.09)	($0.21)	$0.42	($0.05)	$0.36
Weighted Average Diluted Shares Outstanding	45.60M	45.70M	44.80M	44.70M	44.80M	44.70M	44.60M	45.40M	45M	45.30M
Weighted Average Basic & Diluted Shares Outstanding	45.50M	44.79M	-	-	44.83M	44.65M	44.91M	45.03M	45.06M	45.13M

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	19	-29	2.36	16	76	18	38	266	-108	-52	6.90
Net Cash From Operating Activities	30	0.93	18	49	42	121	97	212	47	136	65
Net Cash From Continuing Operating Activities	30	0.93	18	49	42	121	97	212	47	136	65
Net Income / (Loss) Continuing Operations	11	-11	10	75	37	-7.70	80	126	50	-22	35
Consolidated Net Income / (Loss)	11	-11	10	75	37	-7.70	80	126	50	-22	35
Depreciation Expense	3.00	4.73	5.98	5.30	12	22	25	34	38	38	46
Amortization Expense	5.41	7.04	5.91	5.60	10	22	22	37	34	28	33
Non-Cash Adjustments To Reconcile Net Income	4.12	3.74	8.06	7.50	11	17	18	21	95	13	-8.00
Changes in Operating Assets and Liabilities, net	6.47	-3.85	-12	-45	-28	68	-48	-6.80	-171	79	-41
Net Cash From Investing Activities	-5.14	-55	-7.28	-16	-346	-49	-30	-405	-96	-120	-64
Net Cash From Continuing Investing Activities	-5.14	-55	-7.28	-16	-346	-49	-30	-405	-96	-120	-64
Purchase of Property, Plant & Equipment	-5.33	-10	-7.28	-16	-26	-26	-36	-59	-100	-76	-64
Acquisitions	-	-45	-	-	-320	-30	0.00	-343	0.00	-46	0.00
Sale of Property, Plant & Equipment	0.19	-	-	-	0.00	7.00	6.60	7.70	0.50	2.20	0.00
Other Investing Activities, net	-	-	-	-	-	-	-	-	3.40	0.00	0.00
Net Cash From Financing Activities	-6.63	25	-7.85	-17	380	-53	-31	461	-56	-70	9.80
Net Cash From Continuing Financing Activities	-6.63	25	-7.85	-17	380	-53	-31	461	-56	-70	9.80
Repayment of Debt	-56	-56	-14	-31	-99	-93	-107	-141	-40	-39	-57
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-12	-29	0.00
Payment of Dividends	-	-	-	-	0.00	-0.60	-	0.00	-0.30	-0.20	-0.50
Issuance of Debt	49	79	6.66	15	387	42	77	415	0.00	0.00	68
Issuance of Common Equity	1.94	2.41	0.60	1.80	95	0.30	0.60	194	0.70	0.80	2.00
Other Financing Activities, net	-1.07	-0.41	-0.77	-2.70	-3.10	-1.90	-1.50	-7.30	-3.90	-2.20	-2.50
Other Net Changes in Cash	-	-	-0.08	0.10	-	-	-	-	-2.70	1.90	-4.40
Cash Interest Paid	2.04	2.16	2.51	2.20	7.10	24	16	20	32	45	40
Cash Income Taxes Paid	3.53	2.90	4.46	-	15	15	16	23	37	31	34

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	32	-95	-37	-1.30	21	-35	-14	27	-1.30	-4.30
Net Cash From Operating Activities	72	-39	28	36	36	35	9.80	23	15	17
Net Cash From Continuing Operating Activities	72	-39	28	36	36	35	9.80	23	15	17
Net Income / (Loss) Continuing Operations	13	28	0.40	-8.20	-13	-1.60	-7.20	21	0.30	20
Consolidated Net Income / (Loss)	13	28	0.40	-8.20	-13	-1.60	-7.20	21	0.30	20
Depreciation Expense	9.70	8.70	8.90	9.30	9.70	9.70	12	11	11	12
Amortization Expense	8.40	7.90	6.80	6.50	6.50	8.20	8.70	8.50	8.10	8.10
Non-Cash Adjustments To Reconcile Net Income	25	4.50	3.60	-2.40	6.10	6.00	5.30	-20	6.70	-0.20
Changes in Operating Assets and Liabilities, net	16	-88	8.30	31	27	13	-8.50	1.90	-12	-22
Net Cash From Investing Activities	-18	-32	-27	-19	-10	-63	-18	-13	-15	-17
Net Cash From Continuing Investing Activities	-18	-32	-27	-19	-10	-63	-18	-13	-15	-17
Purchase of Property, Plant & Equipment	-21	-32	-27	-20	-12	-17	-18	-13	-15	-17
Net Cash From Financing Activities	-18	-29	-36	-21	-4.10	-8.90	-4.50	17	-3.70	1.00
Net Cash From Continuing Financing Activities	-18	-29	-36	-21	-4.10	-8.90	-4.50	17	-3.70	1.00
Repayment of Debt	-18	-12	-22	-8.90	-4.10	-3.90	-4.50	-49	-3.00	-0.10
Issuance of Common Equity	-	-	-	-	-	0.80	-	-	-	1.10
Cash Interest Paid	6.50	12	7.40	14	11	12	11	11	11	6.70
Cash Income Taxes Paid	11	9.10	5.60	12	9.30	4.50	8.10	9.60	10	6.20

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	296	336	381	563	966	1,019	1,103	2,025	1,961	1,868	1,920
Total Current Assets	208	190	237	407	463	467	545	1,137	1,099	893	970
Cash & Equivalents	79	50	52	68	144	163	200	467	359	307	314
Accounts Receivable	62	59	75	90	107	113	146	250	254	181	241
Inventories, net	57	73	104	237	186	172	180	379	444	375	381
Prepaid Expenses	7.01	8.17	6.46	12	26	19	19	41	42	31	34
Plant, Property, & Equipment, net	11	17	19	32	144	145	159	242	280	328	326
Total Noncurrent Assets	77	129	124	124	359	407	398	646	583	646	624
Goodwill	56	85	85	85	150	171	171	270	249	265	265
Intangible Assets	17	43	37	32	194	180	161	246	188	215	185
Noncurrent Deferred & Refundable Income Taxes	3.45	-	1.36	4.95	10	16	24	38	36	3.10	3.10
Other Noncurrent Operating Assets	0.67	0.72	0.76	1.93	5.20	40	43	93	110	163	171
Total Liabilities & Shareholders' Equity	296	336	381	563	966	1,019	1,103	2,025	1,961	1,868	1,920
Total Liabilities	108	135	165	263	515	567	551	1,133	1,024	971	984
Total Current Liabilities	66	64	101	207	139	211	201	469	389	310	336
Short-Term Debt	9.54	13	17	12	9.70	8.80	7.40	22	21	18	16
Accounts Payable	49	40	71	174	99	133	121	333	254	193	213
Current Employee Benefit Liabilities	5.31	6.54	7.90	11	16	25	35	47	53	48	50
Other Current Liabilities	2.13	4.68	4.52	11	15	44	38	67	62	52	57
Total Noncurrent Liabilities	41	71	64	56	375	356	350	664	635	661	649
Long-Term Debt	39	63	51	40	332	283	262	530	493	461	477
Noncurrent Deferred & Payable Income Tax Liabilities	0.11	5.03	9.92	9.98	16	25	34	55	52	19	16
Other Noncurrent Operating Liabilities	0.00	-	-	5.89	28	48	55	79	90	180	156
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	189	201	216	300	451	453	551	893	937	897	936
Total Preferred & Common Equity	189	201	216	300	436	437	533	849	888	839	874
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	189	201	216	300	436	437	533	849	888	839	874
Common Stock	153	176	182	189	291	301	313	515	531	542	559
Retained Earnings	39	28	38	113	150	140	218	337	378	347	370
Treasury Stock	-3.34	-3.34	-3.34	-3.34	-3.30	-3.30	-3.30	-3.30	-15	-45	-45
Accumulated Other Comprehensive Income / (Loss)	-	-0.02	-0.38	1.85	-0.60	-1.30	5.10	-0.20	-5.40	-4.40	-10
Noncontrolling Interest	-	-	-	-	15	16	19	44	49	58	62

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	Q3 2022	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,956	1,846	1,888	1,927	1,948
Total Current Assets	1,136	926	909	961	986
Cash & Equivalents	454	342	293	320	318
Accounts Receivable	236	171	195	207	228
Inventories, net	405	378	388	400	403
Prepaid Expenses	42	35	33	35	37
Plant, Property, & Equipment, net	242	309	329	327	328
Total Noncurrent Assets	578	611	650	640	634
Goodwill	249	249	265	265	265
Intangible Assets	195	171	208	200	192
Noncurrent Deferred & Refundable Income Taxes	37	37	3.30	3.10	3.60
Other Noncurrent Operating Assets	97	155	174	172	173
Total Liabilities & Shareholders' Equity	1,956	1,846	1,888	1,927	1,948
Total Liabilities	1,054	950	999	1,016	1,025
Total Current Liabilities	407	294	329	351	359
Short-Term Debt	20	18	17	16	16
Accounts Payable	271	188	216	229	233
Current Employee Benefit Liabilities	48	41	37	49	48
Other Current Liabilities	69	48	60	57	61
Total Noncurrent Liabilities	647	657	669	664	666
Long-Term Debt	509	464	458	478	476
Noncurrent Deferred & Payable Income Tax Liabilities	55	53	19	19	19
Other Noncurrent Operating Liabilities	82	140	192	167	172
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	902	895	889	912	922
Total Preferred & Common Equity	857	838	831	852	858
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	857	838	831	852	858
Common Stock	527	537	545	548	553
Retained Earnings	350	351	337	356	354
Treasury Stock	-3.30	-39	-45	-45	-45
Accumulated Other Comprehensive Income / (Loss)	-17	-11	-6.50	-7.40	-3.90
Noncontrolling Interest	45	57	58	59	65

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.75%	-8.73%	19.96%	64.26%	137.24%	-51.38%	31.18%	50.26%	12.98%	-26.95%	20.93%
EBITDA Growth	4.28%	-33.80%	94.68%	192.86%	-17.73%	-11.26%	129.33%	52.65%	-24.55%	-48.86%	89.90%
EBIT Growth	14.31%	-67.88%	283.34%	299.71%	-32.18%	-50.74%	306.02%	52.97%	-34.68%	-72.47%	226.05%
NOPAT Growth	-3.92%	-237.42%	168.35%	550.43%	-44.42%	-333.10%	197.80%	55.39%	-54.82%	-64.15%	90.02%
Net Income Growth	8.95%	-194.50%	193.65%	647.19%	-50.73%	-120.81%	1,144.16%	57.21%	-60.13%	-144.05%	255.41%
EPS Growth	5.56%	-189.47%	188.24%	630.00%	-57.08%	-125.53%	887.50%	42.33%	-67.29%	-179.55%	174.29%
Operating Cash Flow Growth	1.43%	-96.95%	1,798.16%	178.20%	-14.72%	190.17%	-19.59%	117.47%	-77.69%	187.92%	-52.17%
Free Cash Flow Firm Growth	-218.33%	-433.51%	107.95%	256.69%	-1,415.45%	89.38%	276.54%	-442.49%	78.14%	205.68%	-97.02%
Invested Capital Growth	22.32%	43.54%	2.23%	22.84%	128.02%	-10.18%	6.48%	57.80%	11.63%	-2.11%	4.25%
Revenue Q/Q Growth	-1.20%	-3.42%	14.47%	8.75%	101.55%	-55.56%	0.66%	38.56%	-2.01%	-6.56%	6.00%
EBITDA Q/Q Growth	-11.98%	-28.13%	84.61%	10.29%	-4.49%	-7.19%	20.94%	17.71%	-10.20%	-28.73%	27.72%
EBIT Q/Q Growth	-15.53%	-58.52%	249.48%	11.72%	-16.34%	-16.26%	30.96%	19.04%	-12.92%	-55.23%	55.79%
NOPAT Q/Q Growth	-19.91%	-267.79%	135.22%	16.97%	-29.86%	-2,559.27%	42.57%	22.70%	-25.86%	41.86%	80.86%
Net Income Q/Q Growth	-20.00%	-224.98%	164.06%	17.00%	-36.34%	-542.78%	67.50%	26.02%	-28.81%	-384.62%	165.38%
EPS Q/Q Growth	-20.83%	-221.43%	160.00%	16.49%	-41.25%	-700.00%	75.00%	20.09%	-30.16%	-7,100.00%	642.86%
Operating Cash Flow Q/Q Growth	49.03%	-91.28%	199.69%	6.72%	56.74%	4.79%	14.74%	-1.31%	-63.01%	119.90%	-21.88%
Free Cash Flow Firm Q/Q Growth	-206.27%	17.05%	123.92%	-1.75%	3.00%	-164.27%	4.90%	-0.52%	-167.90%	220.51%	103.98%
Invested Capital Q/Q Growth	33.78%	-2.41%	2.01%	6.04%	-1.82%	-4.75%	-0.42%	2.80%	11.67%	3.31%	1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.23%	15.14%	15.42%	18.14%	16.03%	18.46%	20.86%	20.46%	19.58%	15.99%	16.99%
EBITDA Margin	5.18%	3.75%	6.09%	10.86%	3.77%	6.87%	12.02%	12.21%	8.15%	5.71%	8.96%
Operating Margin	3.54%	1.25%	3.98%	9.68%	2.77%	2.80%	8.68%	8.84%	5.07%	2.03%	4.35%
EBIT Margin	3.54%	1.25%	3.98%	9.68%	2.77%	2.80%	8.68%	8.84%	5.11%	1.93%	5.19%
Profit (Net Income) Margin	2.21%	-2.29%	1.79%	8.12%	1.69%	-0.72%	5.75%	6.01%	2.12%	-1.28%	1.64%
Tax Burden Percent	69.55%	-297.53%	53.05%	86.32%	70.75%	-334.78%	80.64%	81.92%	57.08%	196.46%	51.34%
Interest Burden Percent	89.80%	61.75%	84.62%	97.21%	86.16%	7.69%	82.13%	83.09%	72.79%	-33.83%	61.71%
Effective Tax Rate	30.45%	397.53%	46.95%	13.68%	29.25%	434.78%	19.36%	18.08%	42.92%	0.00%	48.66%
Return on Invested Capital (ROIC)	8.82%	-9.05%	5.19%	29.96%	9.21%	-16.27%	16.29%	19.04%	6.64%	2.28%	4.29%
ROIC Less NNEP Spread (ROIC-NNEP)	12.32%	-254.96%	-3.78%	607.75%	2.65%	40.26%	-1.35%	-14.32%	-8.60%	-26.39%	-2.74%
Return on Net Nonoperating Assets (RNNOA)	-2.52%	3.54%	-0.37%	-0.88%	0.64%	14.57%	-0.27%	-1.53%	-1.13%	-4.70%	-0.52%
Return on Equity (ROE)	6.30%	-5.51%	4.82%	29.08%	9.85%	-1.70%	16.02%	17.51%	5.51%	-2.42%	3.76%
Cash Return on Invested Capital (CROIC)	-11.25%	-44.81%	2.99%	9.46%	-68.85%	-5.54%	10.02%	-25.80%	-4.35%	4.41%	0.13%
Operating Return on Assets (OROA)	6.18%	1.85%	6.25%	18.96%	7.94%	3.01%	11.44%	11.87%	6.09%	1.74%	5.75%
Return on Assets (ROA)	3.86%	-3.39%	2.80%	15.91%	4.84%	-0.78%	7.58%	8.08%	2.53%	-1.16%	1.82%
Return on Common Equity (ROCE)	6.30%	-5.51%	4.82%	29.08%	9.66%	-1.65%	15.47%	16.75%	5.23%	-2.28%	3.52%
Return on Equity Simple (ROE_SIMPLE)	6.02%	-5.34%	4.65%	25.01%	8.48%	-1.76%	15.10%	14.89%	5.68%	-2.65%	3.95%
Net Operating Profit after Tax (NOPAT)	13	-17	12	77	43	-100	98	152	69	25	47
NOPAT Margin	2.46%	-3.70%	2.11%	8.36%	1.96%	-9.39%	7.00%	7.24%	2.89%	1.42%	2.23%
Net Nonoperating Expense Percent (NNEP)	-3.49%	245.91%	8.97%	-577.79%	6.56%	-56.53%	17.64%	33.36%	15.24%	28.67%	7.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	4.74%	1.79%	3.28%
Cost of Revenue to Revenue	85.77%	84.86%	84.58%	81.86%	83.97%	81.54%	79.14%	79.54%	80.42%	84.01%	83.01%
SG&A Expenses to Revenue	7.29%	9.40%	7.63%	5.71%	3.90%	12.18%	9.33%	8.17%	7.76%	9.34%	8.56%
R&D to Revenue	1.38%	2.04%	1.76%	1.27%	0.61%	1.37%	1.06%	1.17%	1.20%	1.63%	1.35%
Operating Expenses to Revenue	10.69%	13.90%	11.44%	8.46%	-2.77%	15.65%	12.18%	11.62%	14.51%	13.96%	12.64%
Earnings before Interest and Taxes (EBIT)	18	5.84	22	90	61	30	121	186	121	33	109
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	18	34	100	83	73	168	257	194	99	188
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.47	0.86	1.48	2.59	0.73	2.13	2.41	3.03	1.70	1.82	1.88
Price to Tangible Book Value (P/TBV)	2.39	2.38	3.40	4.23	3.46	10.92	6.38	7.73	3.34	4.27	3.89
Price to Revenue (P/Rev)	0.54	0.37	0.57	0.84	0.15	0.87	0.92	1.23	0.64	0.88	0.78
Price to Earnings (P/E)	24.39	0.00	31.77	10.34	8.75	0.00	16.52	21.55	37.33	0.00	69.45
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	4.10%	0.00%	3.15%	9.67%	11.43%	0.00%	6.05%	4.64%	2.68%	0.00%	1.44%
Enterprise Value to Invested Capital (EV/IC)	1.56	0.88	1.45	2.68	0.82	1.85	2.21	2.77	1.57	1.65	1.69
Enterprise Value to Revenue (EV/Rev)	0.48	0.42	0.59	0.82	0.24	1.01	0.98	1.29	0.72	1.02	0.90
Enterprise Value to EBITDA (EV/EBITDA)	9.25	11.30	9.76	7.57	6.44	14.69	8.14	10.54	8.84	17.78	10.04
Enterprise Value to EBIT (EV/EBIT)	13.54	34.06	14.94	8.50	8.77	36.02	11.28	14.57	14.12	52.71	17.33
Enterprise Value to NOPAT (EV/NOPAT)	19.47	0.00	28.17	9.84	12.39	0.00	13.99	17.78	24.92	71.45	40.30
Enterprise Value to Operating Cash Flow (EV/OCF)	8.11	214.86	19.04	15.55	12.76	8.90	14.07	12.78	36.28	12.96	29.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	48.92	31.16	0.00	0.00	22.74	0.00	0.00	36.96	1,327.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.38	0.31	0.17	0.76	0.65	0.49	0.62	0.55	0.53	0.53
Long-Term Debt to Equity	0.20	0.31	0.24	0.13	0.74	0.63	0.47	0.59	0.53	0.51	0.51
Financial Leverage	-0.20	-0.01	0.10	0.00	0.24	0.36	0.20	0.11	0.13	0.18	0.19
Leverage Ratio	1.63	1.62	1.72	1.83	2.04	2.20	2.11	2.17	2.18	2.09	2.07
Compound Leverage Factor	1.47	1.00	1.45	1.78	1.75	0.17	1.74	1.80	1.59	-0.71	1.28
Debt to Total Capital	20.34%	27.32%	23.87%	14.83%	43.08%	39.24%	32.80%	38.21%	35.41%	34.80%	34.48%
Short-Term Debt to Total Capital	4.03%	4.61%	5.92%	3.51%	1.22%	1.18%	0.90%	1.53%	1.43%	1.28%	1.12%
Long-Term Debt to Total Capital	16.31%	22.71%	17.94%	11.31%	41.85%	38.06%	31.89%	36.68%	33.98%	33.52%	33.36%
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%	0.00%	1.86%	2.12%	2.27%	3.03%	3.38%	4.24%	4.35%
Common Equity to Total Capital	79.66%	72.68%	76.13%	85.17%	55.07%	58.64%	64.94%	58.76%	61.20%	60.97%	61.16%
Debt to EBITDA	1.81	4.29	1.98	0.52	4.13	3.99	1.60	2.15	2.65	4.84	2.62
Net Debt to EBITDA	-1.16	1.44	0.45	-0.16	2.39	1.77	0.41	0.33	0.80	1.74	0.95
Long-Term Debt to EBITDA	1.45	3.57	1.49	0.40	4.01	3.87	1.56	2.07	2.55	4.66	2.53
Debt to NOPAT	3.81	-4.35	5.70	0.68	7.95	-2.92	2.75	3.63	7.48	19.43	10.52
Net Debt to NOPAT	-2.44	-1.46	1.29	-0.21	4.59	-1.30	0.70	0.56	2.26	6.97	3.81
Long-Term Debt to NOPAT	3.05	-3.61	4.29	0.52	7.72	-2.83	2.67	3.48	7.17	18.72	10.18
Altman Z-Score	4.24	2.79	3.41	4.64	3.47	2.62	3.68	3.33	3.00	2.57	2.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	1.96%	3.38%	3.43%	4.32%	5.08%	5.86%	6.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.15	2.96	2.35	1.97	3.32	2.22	2.71	2.42	2.82	2.88	2.89
Quick Ratio	2.13	1.70	1.26	0.76	1.80	1.31	1.72	1.53	1.57	1.57	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-16	-86	6.84	24	-321	-34	60	-206	-45	48	1.42
Operating Cash Flow to CapEx	590.30%	9.12%	241.51%	303.73%	159.77%	626.94%	326.51%	410.08%	47.39%	184.65%	102.36%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	11.09	-32.10	-1.33	3.56	-8.52	-1.33	0.98	0.03
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	22.23	4.17	4.73	5.76	8.74	1.39	2.78	1.40
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	14.91	1.56	3.97	3.99	6.61	-1.55	1.28	0.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.48	1.57	1.96	2.87	1.07	1.32	1.34	1.19	0.91	1.11
Accounts Receivable Turnover	7.95	7.76	8.41	11.21	22.24	9.71	10.83	10.62	9.43	7.98	9.94
Inventory Turnover	7.30	6.14	5.39	4.44	8.71	4.85	6.27	5.97	4.64	3.56	4.61
Fixed Asset Turnover	53.05	33.38	31.16	36.18	24.96	7.38	9.19	10.47	9.10	5.71	6.41
Accounts Payable Turnover	8.57	8.99	8.59	6.18	13.51	7.49	8.70	7.36	6.51	6.53	8.59
Days Sales Outstanding (DSO)	45.90	47.06	43.39	32.55	16.41	37.61	33.69	34.35	38.72	45.72	36.71
Days Inventory Outstanding (DIO)	50.01	59.40	67.70	82.17	41.92	75.25	58.17	61.10	78.68	102.50	79.18
Days Payable Outstanding (DPO)	42.60	40.62	42.50	59.02	27.01	48.72	41.95	49.59	56.05	55.91	42.49
Cash Conversion Cycle (CCC)	53.31	65.84	68.60	55.70	31.32	64.14	49.92	45.86	61.35	92.31	73.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	158	226	231	284	648	582	620	978	1,092	1,069	1,114
Invested Capital Turnover	3.59	2.44	2.46	3.59	4.70	1.73	2.33	2.63	2.29	1.61	1.92
Increase / (Decrease) in Invested Capital	29	69	5.04	53	364	-66	38	358	114	-23	45
Enterprise Value (EV)	246	199	335	760	532	1,077	1,369	2,705	1,712	1,761	1,887
Market Capitalization	277	174	319	776	320	931	1,282	2,575	1,508	1,531	1,646
Book Value per Share	$6.38	$6.23	$6.56	$8.93	$11.18	$10.97	$13.15	$18.91	$19.52	$18.71	$19.39
Tangible Book Value per Share	$3.92	$2.26	$2.85	$5.46	$2.37	$2.14	$4.96	$7.42	$9.92	$7.99	$9.40
Total Capital	237	276	284	353	792	745	820	1,445	1,451	1,376	1,428
Total Debt	48	76	68	52	341	292	269	552	514	479	493
Total Long-Term Debt	39	63	51	40	332	283	262	530	493	461	477
Net Debt	-31	25	15	-16	197	130	69	86	155	172	179
Capital Expenditures (CapEx)	5.14	10	7.28	16	26	19	30	52	100	74	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	73	89	101	144	189	103	151	224	372	294	337
Debt-free Net Working Capital (DFNWC)	152	139	153	212	333	265	351	690	730	601	651
Net Working Capital (NWC)	142	126	136	200	324	256	344	668	710	583	635
Net Nonoperating Expense (NNE)	1.29	-6.65	1.83	2.16	5.94	-92	17	26	18	47	12
Net Nonoperating Obligations (NNO)	-31	25	15	-16	197	130	69	86	155	172	179
Total Depreciation and Amortization (D&A)	8.42	12	12	11	22	43	47	71	72	66	79
Debt-free, Cash-free Net Working Capital to Revenue	14.17%	18.88%	17.90%	15.60%	8.63%	9.63%	10.80%	10.64%	15.65%	16.94%	16.05%
Debt-free Net Working Capital to Revenue	29.54%	29.56%	27.22%	22.99%	15.20%	24.87%	25.12%	32.84%	30.76%	34.64%	31.01%
Net Working Capital to Revenue	27.68%	26.85%	24.24%	21.65%	14.76%	24.05%	24.59%	31.79%	29.89%	33.62%	30.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	($0.34)	$0.31	$2.25	$0.95	($0.24)	$0.00	$0.00	$0.89	($0.70)	$0.53
Adjusted Weighted Average Basic Shares Outstanding	29.30M	31.56M	32.63M	33.41M	38.37M	39.50M	0.00	0.00	45.20M	44.70M	44.90M
Adjusted Diluted Earnings per Share	$0.38	($0.34)	$0.30	$2.19	$0.94	($0.24)	$0.00	$0.00	$0.88	($0.70)	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	29.94M	31.56M	33.15M	34.30M	38.92M	39.50M	0.00	0.00	45.70M	44.70M	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	31.77M	32.40M	33.40M	38.47M	39.11M	39.89M	0.00	0.00	44.79M	44.65M	45.13M
Normalized Net Operating Profit after Tax (NOPAT)	13	4.09	12	77	43	21	98	152	69	25	47
Normalized NOPAT Margin	2.46%	0.87%	2.11%	8.36%	1.96%	1.96%	7.00%	7.24%	2.89%	1.42%	2.23%
Pre Tax Income Margin	3.18%	0.77%	3.37%	9.41%	2.38%	0.22%	7.13%	7.34%	3.72%	-0.65%	3.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	40.68	6.07	1.17	7.18	7.67	3.58	0.68	2.34
NOPAT to Interest Expense	0.00	0.00	0.00	35.12	4.29	-3.91	5.79	6.29	2.03	0.50	1.01
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	33.36	3.46	0.41	5.42	5.54	0.64	-0.82	0.98
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	27.80	1.68	-4.66	4.03	4.15	-0.91	-1.00	-0.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-7.79%	0.00%	0.00%	0.60%	-0.90%	1.45%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-7.79%	0.00%	0.00%	24.60%	-133.33%	1.45%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.68%	-7.90%	-23.19%	-30.75%	-31.50%	-21.50%	10.25%	22.44%	24.23%	26.69%
EBITDA Growth	-22.29%	-27.46%	-56.50%	103.79%	-63.60%	-62.98%	33.45%	123.05%	105.05%	103.13%
EBIT Growth	-28.26%	-30.10%	-72.87%	301.82%	-90.08%	-89.75%	39.52%	263.06%	486.11%	473.33%
NOPAT Growth	-53.84%	-39.42%	-96.45%	-26,736.36%	-78.70%	-90.65%	-3,727.42%	101.59%	-81.42%	570.74%
Net Income Growth	-62.06%	-41.80%	-98.70%	62.21%	-199.22%	-105.63%	-1,900.00%	362.20%	102.34%	1,343.75%
EPS Growth	-70.00%	-38.00%	-113.11%	62.50%	-252.38%	-114.52%	-162.50%	300.00%	84.38%	500.00%
Operating Cash Flow Growth	34.52%	-193.27%	141.54%	-55.45%	-49.51%	190.98%	-65.00%	-36.26%	-58.84%	-51.56%
Free Cash Flow Firm Growth	97.38%	73.54%	324.99%	86.12%	-599.02%	132.65%	-200.58%	-8,262.41%	-15.02%	-192.82%
Invested Capital Growth	2.76%	11.63%	0.00%	0.00%	5.82%	-2.11%	0.00%	0.00%	5.95%	4.25%
Revenue Q/Q Growth	4.32%	-10.79%	-23.51%	-2.72%	3.20%	2.23%	7.42%	8.04%	4.71%	4.26%
EBITDA Q/Q Growth	312.12%	11.21%	-53.55%	-4.27%	-26.39%	13.13%	67.41%	60.00%	-32.33%	12.07%
EBIT Q/Q Growth	760.00%	20.94%	-71.75%	-10.48%	-67.57%	25.00%	284.44%	132.95%	-47.64%	22.27%
NOPAT Q/Q Growth	586.51%	79.90%	-96.23%	-81,339.51%	100.39%	-21.05%	-1,564.55%	135.57%	-95.48%	2,750.66%
Net Income Q/Q Growth	159.45%	120.16%	-98.59%	-2,150.00%	-56.10%	87.50%	-350.00%	398.61%	-98.60%	6,533.33%
EPS Q/Q Growth	137.50%	195.24%	-112.90%	-162.50%	-52.38%	71.88%	-133.33%	300.00%	-111.90%	820.00%
Operating Cash Flow Q/Q Growth	-12.24%	-154.11%	172.16%	30.00%	-0.55%	-2.49%	-72.24%	136.73%	-35.78%	14.77%
Free Cash Flow Firm Q/Q Growth	91.79%	-958.29%	1,486.92%	-101.15%	-313.36%	149.42%	-4,373.17%	4.21%	94.31%	60.12%
Invested Capital Q/Q Growth	-4.17%	11.67%	-100.00%	0.00%	0.00%	3.31%	0.22%	1.45%	0.88%	1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.59%	19.15%	16.85%	16.16%	14.99%	15.97%	17.29%	17.15%	17.28%	16.29%
EBITDA Margin	8.57%	10.68%	6.49%	6.38%	4.55%	5.04%	7.85%	11.63%	7.51%	8.08%
Operating Margin	5.72%	7.75%	2.86%	2.99%	1.31%	1.01%	3.62%	4.44%	4.66%	4.58%
EBIT Margin	5.72%	7.75%	2.86%	2.63%	0.83%	1.01%	3.62%	7.81%	3.90%	4.58%
Profit (Net Income) Margin	2.03%	5.01%	0.09%	-1.95%	-2.94%	-0.36%	-1.51%	4.17%	0.06%	3.53%
Tax Burden Percent	51.60%	76.76%	10.26%	-8,200.00%	170.67%	20.51%	-266.67%	71.67%	2.94%	81.89%
Interest Burden Percent	68.87%	84.28%	31.45%	0.90%	-208.33%	-173.33%	15.61%	74.44%	48.34%	94.19%
Effective Tax Rate	48.40%	23.24%	89.74%	8,300.00%	0.00%	0.00%	366.67%	28.33%	97.06%	18.11%
Return on Invested Capital (ROIC)	7.41%	13.64%	0.00%	0.00%	1.69%	1.14%	-32.07%	10.96%	0.25%	7.21%
ROIC Less NNEP Spread (ROIC-NNEP)	1.18%	9.24%	0.00%	0.00%	-13.89%	-1.77%	10.66%	16.78%	-0.03%	6.50%
Return on Net Nonoperating Assets (RNNOA)	0.13%	1.21%	0.00%	0.00%	-1.67%	-0.32%	2.19%	3.22%	0.00%	1.24%
Return on Equity (ROE)	7.53%	14.86%	0.00%	0.00%	0.03%	0.82%	-29.89%	14.19%	0.25%	8.45%
Cash Return on Invested Capital (CROIC)	6.88%	-4.35%	0.00%	0.00%	-3.93%	4.41%	-194.76%	-200.05%	-3.35%	0.13%
Operating Return on Assets (OROA)	7.14%	9.23%	0.00%	0.00%	0.81%	0.92%	3.41%	7.59%	4.07%	5.07%
Return on Assets (ROA)	2.54%	5.97%	0.00%	0.00%	-2.87%	-0.33%	-1.42%	4.05%	0.06%	3.91%
Return on Common Equity (ROCE)	7.16%	14.10%	0.00%	0.00%	0.02%	0.77%	-27.93%	13.26%	0.23%	7.89%
Return on Equity Simple (ROE_SIMPLE)	8.26%	0.00%	0.00%	0.00%	0.93%	0.00%	-3.59%	-0.01%	1.52%	0.00%
Net Operating Profit after Tax (NOPAT)	19	34	1.27	-1,033	3.99	3.15	-46	16	0.74	21
NOPAT Margin	2.95%	5.95%	0.29%	-245.12%	0.92%	0.71%	-9.66%	3.18%	0.14%	3.75%
Net Nonoperating Expense Percent (NNEP)	6.23%	4.40%	0.00%	0.00%	15.58%	2.91%	-42.74%	-5.81%	0.28%	0.70%
Return On Investment Capital (ROIC_SIMPLE)	-	2.32%	-	-	-	0.23%	-	-	-	1.48%
Cost of Revenue to Revenue	80.41%	80.85%	83.15%	83.84%	85.01%	84.03%	82.71%	82.85%	82.72%	83.71%
SG&A Expenses to Revenue	7.31%	7.82%	9.32%	8.45%	9.03%	10.50%	9.34%	8.47%	8.64%	7.90%
R&D to Revenue	1.17%	1.25%	1.64%	1.71%	1.70%	1.48%	1.47%	1.38%	1.31%	1.26%
Operating Expenses to Revenue	13.87%	11.40%	13.99%	13.17%	13.68%	14.95%	13.67%	12.71%	12.62%	11.71%
Earnings before Interest and Taxes (EBIT)	36	44	12	11	3.60	4.50	17	40	21	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	61	28	27	20	22	38	60	41	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.70	0.00	0.00	1.59	1.82	2.47	2.58	2.11	1.88
Price to Tangible Book Value (P/TBV)	2.83	3.34	0.00	0.00	3.18	4.27	5.73	5.68	4.52	3.89
Price to Revenue (P/Rev)	0.48	0.64	0.66	0.84	0.72	0.88	1.15	1.17	0.91	0.78
Price to Earnings (P/E)	20.17	37.33	163.20	69.45	2,215.54	0.00	0.00	0.00	502.34	69.45
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.96%	2.68%	0.61%	1.44%	0.05%	0.00%	0.00%	0.00%	0.20%	1.44%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.57	0.00	0.00	1.47	1.65	2.14	2.24	1.87	1.69
Enterprise Value to Revenue (EV/Rev)	0.53	0.72	0.00	0.00	0.82	1.02	1.29	1.30	1.03	0.90
Enterprise Value to EBITDA (EV/EBITDA)	5.99	8.84	0.00	0.00	10.99	17.78	20.80	19.57	13.91	10.04
Enterprise Value to EBIT (EV/EBIT)	9.27	14.12	0.00	0.00	20.46	52.71	57.15	48.31	29.28	17.33
Enterprise Value to NOPAT (EV/NOPAT)	13.93	24.92	0.00	0.00	87.86	71.45	81.64	0.00	79.07	40.30
Enterprise Value to Operating Cash Flow (EV/OCF)	10.12	36.28	0.00	0.00	24.69	12.96	19.47	23.30	24.60	29.03
Enterprise Value to Free Cash Flow (EV/FCFF)	19.45	0.00	0.00	0.00	0.00	36.96	0.00	0.00	0.00	1,327.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.55	0.00	0.00	0.54	0.53	0.53	0.54	0.53	0.53
Long-Term Debt to Equity	0.56	0.53	0.00	0.00	0.52	0.51	0.52	0.52	0.52	0.51
Financial Leverage	0.11	0.13	0.00	0.00	0.12	0.18	0.20	0.19	0.17	0.19
Leverage Ratio	2.23	2.18	0.00	0.00	2.12	2.09	2.12	2.11	2.09	2.07
Compound Leverage Factor	1.53	1.84	0.00	0.00	-4.41	-3.62	0.33	1.57	1.01	1.95
Debt to Total Capital	36.98%	35.41%	0.00%	0.00%	34.99%	34.80%	34.83%	35.17%	34.79%	34.48%
Short-Term Debt to Total Capital	1.40%	1.43%	0.00%	0.00%	1.28%	1.28%	1.25%	1.16%	1.16%	1.12%
Long-Term Debt to Total Capital	35.57%	33.98%	0.00%	0.00%	33.71%	33.52%	33.59%	34.01%	33.63%	33.36%
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%
Noncontrolling Interests to Total Capital	3.17%	3.38%	0.00%	0.00%	4.15%	4.24%	4.27%	4.22%	4.56%	4.35%
Common Equity to Total Capital	59.85%	61.20%	0.00%	0.00%	60.87%	60.97%	60.90%	60.61%	60.65%	61.16%
Debt to EBITDA	2.46	2.65	0.00	0.00	3.47	4.84	4.31	3.98	3.34	2.62
Net Debt to EBITDA	0.35	0.80	0.00	0.00	1.01	1.74	1.65	1.41	1.18	0.95
Long-Term Debt to EBITDA	2.36	2.55	0.00	0.00	3.34	4.66	4.16	3.84	3.23	2.53
Debt to NOPAT	5.71	7.48	0.00	0.00	27.73	19.43	16.93	-1,707.55	19.01	10.52
Net Debt to NOPAT	0.82	2.26	0.00	0.00	8.04	6.97	6.49	-604.51	6.72	3.81
Long-Term Debt to NOPAT	5.49	7.17	0.00	0.00	26.72	18.72	16.32	-1,651.27	18.38	10.18
Altman Z-Score	2.66	2.87	0.00	0.00	2.53	2.52	2.82	2.98	2.75	2.81
Noncontrolling Interest Sharing Ratio	4.92%	5.08%	0.00%	0.00%	5.70%	5.86%	6.55%	6.52%	6.69%	6.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.79	2.82	0.00	0.00	3.15	2.88	2.76	2.73	2.75	2.89
Quick Ratio	1.69	1.57	0.00	0.00	1.75	1.57	1.48	1.50	1.52	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-7.57	-80	1,111	-13	-53	26	-1,117	-1,070	-61	-24
Operating Cash Flow to CapEx	333.49%	-121.25%	102.56%	189.58%	348.08%	211.38%	54.75%	178.46%	97.39%	98.84%
Free Cash Flow to Firm to Interest Expense	-0.81	-7.42	94.15	-1.08	-4.30	2.03	-91.59	-91.49	-5.07	-2.29
Operating Cash Flow to Interest Expense	7.63	-3.59	2.37	3.08	2.94	2.74	0.80	1.98	1.24	1.61
Operating Cash Flow Less CapEx to Interest Expense	5.34	-6.56	0.06	1.46	2.10	1.44	-0.66	0.87	-0.03	-0.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.25	1.19	0.00	0.00	0.98	0.91	0.94	0.97	1.04	1.11
Accounts Receivable Turnover	10.34	9.43	0.00	0.00	9.13	7.98	9.15	9.06	9.93	9.94
Inventory Turnover	5.31	4.64	0.00	0.00	3.94	3.56	3.84	3.92	4.21	4.61
Fixed Asset Turnover	10.31	9.10	0.00	0.00	6.74	5.71	5.40	5.74	6.22	6.41
Accounts Payable Turnover	7.14	6.51	0.00	0.00	6.72	6.53	6.92	6.84	7.81	8.59
Days Sales Outstanding (DSO)	35.29	38.72	0.00	0.00	39.96	45.72	39.91	40.31	36.76	36.71
Days Inventory Outstanding (DIO)	68.74	78.68	0.00	0.00	92.75	102.50	94.94	93.20	86.72	79.18
Days Payable Outstanding (DPO)	51.11	56.05	0.00	0.00	54.32	55.91	52.77	53.37	46.72	42.49
Cash Conversion Cycle (CCC)	52.91	61.35	0.00	0.00	78.39	92.31	82.08	80.14	76.76	73.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	978	1,092	0.00	0.00	1,035	1,069	1,071	1,087	1,096	1,114
Invested Capital Turnover	2.51	2.29	0.00	0.00	1.84	1.61	3.32	3.45	1.86	1.92
Increase / (Decrease) in Invested Capital	26	114	-1,110	-1,020	57	-23	1,071	1,087	62	45
Enterprise Value (EV)	1,291	1,712	0.00	0.00	1,526	1,761	2,292	2,435	2,047	1,887
Market Capitalization	1,170	1,508	1,485	1,722	1,329	1,531	2,051	2,200	1,808	1,646
Book Value per Share	$18.86	$19.52	$0.00	$0.00	$18.70	$18.71	$18.61	$18.98	$19.05	$19.39
Tangible Book Value per Share	$9.09	$9.92	$0.00	$0.00	$9.34	$7.99	$8.02	$8.62	$8.89	$9.40
Total Capital	1,431	1,451	0.00	0.00	1,377	1,376	1,364	1,406	1,415	1,428
Total Debt	529	514	0.00	0.00	482	479	475	495	492	493
Total Long-Term Debt	509	493	0.00	0.00	464	461	458	478	476	477
Net Debt	76	155	0.00	0.00	140	172	182	175	174	179
Capital Expenditures (CapEx)	22	32	27	19	10	17	18	13	15	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	295	372	0.00	0.00	308	294	303	306	325	337
Debt-free Net Working Capital (DFNWC)	749	730	0.00	0.00	650	601	596	626	643	651
Net Working Capital (NWC)	729	710	0.00	0.00	632	583	579	609	627	635
Net Nonoperating Expense (NNE)	5.83	5.30	0.87	-1,025	17	4.75	-39	-5.09	0.44	1.23
Net Nonoperating Obligations (NNO)	76	155	0.00	0.00	140	172	182	175	174	179
Total Depreciation and Amortization (D&A)	18	17	16	16	16	18	20	20	20	20
Debt-free, Cash-free Net Working Capital to Revenue	12.19%	15.65%	0.00%	0.00%	16.58%	16.94%	17.05%	16.34%	16.43%	16.05%
Debt-free Net Working Capital to Revenue	30.91%	30.76%	0.00%	0.00%	35.01%	34.64%	33.52%	33.40%	32.51%	31.01%
Net Working Capital to Revenue	30.08%	29.89%	0.00%	0.00%	34.06%	33.62%	32.57%	32.53%	31.68%	30.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.21	$0.62	$0.00	$0.00	$0.00	($0.09)	($0.21)	$0.43	($0.05)	$0.36
Adjusted Weighted Average Basic Shares Outstanding	45.40M	45.20M	0.00	0.00	0.00	44.70M	44.60M	44.90M	45M	44.90M
Adjusted Diluted Earnings per Share	$0.21	$0.62	$0.00	$0.00	$0.00	($0.09)	($0.21)	$0.42	($0.05)	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	45.60M	45.70M	0.00	0.00	0.00	44.70M	44.60M	45.40M	45M	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.50M	44.79M	0.00	0.00	0.00	44.65M	44.91M	45.03M	45.06M	45.13M
Normalized Net Operating Profit after Tax (NOPAT)	19	34	8.68	8.82	3.99	3.15	12	16	18	21
Normalized NOPAT Margin	2.95%	5.95%	2.00%	2.09%	0.92%	0.71%	2.54%	3.18%	3.26%	3.75%
Pre Tax Income Margin	3.94%	6.53%	0.90%	0.02%	-1.72%	-1.75%	0.57%	5.81%	1.89%	4.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.86	4.06	1.05	0.94	0.29	0.35	1.42	3.44	1.76	2.43
NOPAT to Interest Expense	1.99	3.12	0.11	-87.56	0.32	0.24	-3.78	1.40	0.06	1.99
EBIT Less CapEx to Interest Expense	1.57	1.10	-1.26	-0.69	-0.55	-0.95	-0.05	2.33	0.48	0.80
NOPAT Less CapEx to Interest Expense	-0.29	0.16	-2.21	-89.19	-0.52	-1.05	-5.25	0.29	-1.21	0.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.14%	0.60%	0.00%	0.30%	2.56%	-0.90%	0.00%	-200.00%	4.62%	1.45%
Augmented Payout Ratio	0.14%	24.60%	131.50%	0.30%	461.54%	-133.33%	-51.01%	-5,900.00%	48.46%	1.45%

Frequently Asked Questions About Ultra Clean's Financials

When does Ultra Clean's fiscal year end?

According to the most recent income statement we have on file, Ultra Clean's financial year ends in December. Their financial year 2024 ended on December 27, 2024.

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

Ultra Clean's net income appears to be on an upward trend, with a most recent value of $34.50 million in 2024, rising from $11.36 million in 2014. The previous period was -$22.20 million in 2023.

What is Ultra Clean's operating income?

Ultra Clean's total operating income in 2024 was $91.20 million, based on the following breakdown:

Total Gross Profit: $356.30 million
Total Operating Expenses: $265.10 million

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

Over the last 10 years, Ultra Clean's total revenue changed from $513.96 million in 2014 to $2.10 billion in 2024, a change of 308.1%.

How much debt does Ultra Clean have?

Ultra Clean's total liabilities were at $984.10 million at the end of 2024, a 1.4% increase from 2023, and a 814.7% increase since 2014.

How much cash does Ultra Clean have?

In the past 10 years, Ultra Clean's cash and equivalents has ranged from $50.10 million in 2015 to $466.50 million in 2021, and is currently $313.90 million as of their latest financial filing in 2024.

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

Over the last 10 years, Ultra Clean's book value per share changed from 6.38 in 2014 to 19.39 in 2024, a change of 203.7%.

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This page (NASDAQ:UCTT) was last updated on 4/21/2025 by MarketBeat.com Staff

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Ultra Clean (UCTT) Financials

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Ultra Clean (UCTT) Financials

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