TTM Technologies, Inc. (TTMI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 845.98M | 774.32M | 752.74M | 730.62M | 648.67M | 650.97M | 616.54M | 605.14M | 570.11M | 569.04M | 572.58M | 546.51M | 544.44M | 617.16M | 671.08M | 625.55M | 581.26M | 598.14M | 556.78M | 567.38M |
| Revenue Growth % | 30.42% | 18.95% | 22.09% | 20.74% | 13.78% | 14.4% | 7.68% | 10.73% | 4.72% | -7.8% | -14.68% | -12.64% | -6.33% | 3.18% | 20.53% | 10.25% | 10.42% | 14.19% | 8.41% | -0.51% |
| Cost of Goods Sold | 670.19M | 619.38M | 596M | 582.51M | 517.7M | 524.42M | 486.65M | 487.91M | 466.39M | 453.67M | 459.31M | 448M | 458.31M | 495.75M | 542.51M | 508.48M | 490.34M | 500.82M | 463.61M | 467.47M |
| COGS % of Revenue | 79.22% | 79.99% | 79.18% | 79.73% | 79.81% | 80.56% | 78.93% | 80.63% | 81.81% | 79.73% | 80.22% | 81.98% | 84.18% | 80.33% | 80.84% | 81.28% | 84.36% | 83.73% | 83.26% | 82.39% |
| Gross Profit | 175.79M | 154.94M | 156.74M | 148.11M | 130.97M | 126.54M | 129.89M | 117.23M | 103.72M | 115.37M | 113.27M | 98.51M | 86.12M | 121.4M | 128.57M | 117.07M | 90.92M | 97.32M | 93.18M | 99.91M |
| Gross Margin % | 20.78% | 20.01% | 20.82% | 20.27% | 20.19% | 19.44% | 21.07% | 19.37% | 18.19% | 20.27% | 19.78% | 18.02% | 15.82% | 19.67% | 19.16% | 18.72% | 15.64% | 16.27% | 16.74% | 17.61% |
| Gross Profit Growth % | 34.22% | 22.44% | 20.67% | 26.34% | 26.28% | 9.68% | 14.67% | 19% | 20.43% | -4.97% | -11.9% | -15.86% | -5.28% | 24.74% | 37.98% | 17.18% | 11.43% | 10.63% | 4.37% | -0.52% |
| Operating Expenses | 101.55M | 78.02M | 84.83M | 86.34M | 80.71M | 117.51M | 78.93M | 78.24M | 86.65M | 80.79M | 123.47M | 77.1M | 89.59M | 23.84M | 78.79M | 79.87M | 65.06M | 64.25M | 60.94M | 59.02M |
| OpEx % of Revenue | 12% | 10.08% | 11.27% | 11.82% | 12.44% | 18.05% | 12.8% | 12.93% | 15.2% | 14.2% | 21.56% | 14.11% | 16.46% | 3.86% | 11.74% | 12.77% | 11.19% | 10.74% | 10.95% | 10.4% |
| Selling, General & Admin | 93.74M | 71.14M | 70.39M | 71.03M | 65.05M | 65.24M | 62.53M | 58.4M | 63.96M | 56.48M | 57.68M | 56.02M | 56.38M | 54.58M | 60.57M | 65.91M | 51.04M | 46.03M | 48.25M | 45.8M |
| SG&A % of Revenue | 11.08% | 9.19% | 9.35% | 9.72% | 10.03% | 10.02% | 10.14% | 9.65% | 11.22% | 9.93% | 10.07% | 10.25% | 10.35% | 8.84% | 9.03% | 10.54% | 8.78% | 7.7% | 8.67% | 8.07% |
| Research & Development | 7.81M | 6.88M | 7.04M | 7.01M | 8.06M | 7.92M | 8.05M | 8.55M | 7.32M | 7.59M | 6.17M | 6.42M | 7.08M | 6.7M | 7.32M | 5.23M | 5.55M | 5.07M | 4.42M | 4.18M |
| R&D % of Revenue | 0.92% | 0.89% | 0.94% | 0.96% | 1.24% | 1.22% | 1.31% | 1.41% | 1.28% | 1.33% | 1.08% | 1.18% | 1.3% | 1.09% | 1.09% | 0.84% | 0.96% | 0.85% | 0.79% | 0.74% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 74.24M | 76.92M | 71.91M | 61.77M | 50.26M | 9.03M | 50.96M | 38.99M | 17.07M | 34.58M | -10.2M | 21.41M | -3.47M | 97.56M | 49.78M | 37.2M | 25.87M | 33.07M | 32.23M | 40.89M |
| Operating Margin % | 8.78% | 9.93% | 9.55% | 8.45% | 7.75% | 1.39% | 8.27% | 6.44% | 2.99% | 6.08% | -1.78% | 3.92% | -0.64% | 15.81% | 7.42% | 5.95% | 4.45% | 5.53% | 5.79% | 7.21% |
| Operating Income Growth % | 47.71% | 752.03% | 41.1% | 58.44% | 194.49% | -73.89% | 599.53% | 82.11% | 592.13% | -64.56% | -120.49% | -42.45% | -113.41% | 195.03% | 54.42% | -9.01% | 30.65% | 13.38% | 180.08% | 77.8% |
| EBITDA | 110.42M | 116.62M | 106.38M | 98.69M | 86.35M | 44.8M | 88.08M | 77.76M | 55.53M | 73.44M | 27.43M | 52.62M | 49.56M | 133.19M | 85.45M | 68.65M | 57.03M | 65.7M | 62.89M | 72.55M |
| EBITDA Margin % | 13.05% | 15.06% | 14.13% | 13.51% | 13.31% | 6.88% | 14.29% | 12.85% | 9.74% | 12.91% | 4.79% | 9.63% | 9.1% | 21.58% | 12.73% | 10.97% | 9.81% | 10.98% | 11.29% | 12.79% |
| EBITDA Growth % | 27.88% | 160.3% | 20.77% | 26.91% | 55.5% | -38.99% | 221.08% | 47.78% | 12.05% | -44.86% | -67.9% | -23.35% | -13.1% | 102.72% | 35.88% | -5.38% | 9.29% | 2.79% | 2146.44% | 15.26% |
| D&A (Non-Cash Add-back) | 36.18M | 39.7M | 34.47M | 36.92M | 36.09M | 35.77M | 37.12M | 38.77M | 38.46M | 38.86M | 37.63M | 31.21M | 53.02M | 35.63M | 35.67M | 31.45M | 31.16M | 32.63M | 30.65M | 31.67M |
| EBIT | 74.24M | 74.38M | 72.21M | 56.62M | 52.45M | 25.54M | 36.78M | 42.75M | 26.39M | 31.26M | -7.16M | 25.25M | -931K | 95.6M | 60.1M | 44.84M | 27.84M | 32.48M | 34.76M | 41.19M |
| Net Interest Income | -10.6M | -12.38M | -10.4M | -11.1M | -11.46M | -11.2M | -11.77M | -12.22M | -12.32M | -13.37M | -10.1M | -11.84M | -12.81M | -12.51M | -10.94M | -10.71M | -11.36M | -11.86M | -11.15M | -11.08M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 10.6M | 12.38M | 10.4M | 11.1M | 11.46M | 11.2M | 11.77M | 12.22M | 12.32M | 13.37M | 10.1M | 11.84M | 12.81M | 12.51M | 10.94M | 10.71M | 11.36M | 11.86M | 11.15M | 11.08M |
| Other Income/Expense | -15.71M | -14.91M | -10.09M | -16.24M | -9.27M | 5.3M | -25.95M | -8.45M | -3M | -16.69M | -7.06M | -8M | -10.27M | -14.47M | -615K | -3.07M | -9.39M | -12.44M | -8.62M | -10.77M |
| Pretax Income | 58.52M | 62.01M | 61.81M | 45.52M | 40.99M | 14.33M | 25.02M | 30.53M | 14.07M | 17.88M | -17.26M | 13.41M | -13.74M | 83.09M | 49.16M | 34.13M | 16.48M | 20.62M | 23.61M | 30.11M |
| Pretax Margin % | 6.92% | 8.01% | 8.21% | 6.23% | 6.32% | 2.2% | 4.06% | 5.05% | 2.47% | 3.14% | -3.01% | 2.45% | -2.52% | 13.46% | 7.33% | 5.46% | 2.83% | 3.45% | 4.24% | 5.31% |
| Income Tax | 8.54M | 11.32M | 8.76M | 4M | 8.81M | 9.16M | 10.71M | 4.18M | 3.6M | 546K | 19.81M | 6.59M | -7.92M | 77.08M | 5.63M | 6.34M | -769K | 12.24M | 2.65M | 1.85M |
| Effective Tax Rate % | 14.59% | 18.26% | 14.17% | 8.78% | 21.5% | 63.92% | 42.79% | 13.69% | 25.61% | 3.05% | -114.76% | 49.11% | 57.68% | 92.76% | 11.46% | 18.57% | -4.67% | 59.33% | 11.24% | 6.16% |
| Net Income | 49.99M | 50.69M | 53.05M | 41.53M | 32.18M | 5.17M | 14.31M | 26.35M | 10.47M | 17.34M | -37.07M | 6.82M | -5.81M | 6.02M | 43.53M | 27.79M | 17.25M | 8.39M | 20.96M | 28.26M |
| Net Margin % | 5.91% | 6.55% | 7.05% | 5.68% | 4.96% | 0.79% | 2.32% | 4.35% | 1.84% | 3.05% | -6.47% | 1.25% | -1.07% | 0.97% | 6.49% | 4.44% | 2.97% | 1.4% | 3.76% | 4.98% |
| Net Income Growth % | 55.35% | 880.37% | 270.73% | 57.6% | 207.45% | -70.18% | 138.61% | 286.17% | 280.01% | 188.15% | -185.15% | -75.45% | -133.71% | -28.26% | 107.69% | -1.66% | 640.29% | -78.47% | 150.56% | -84.45% |
| Net Income (Continuing) | 49.99M | 50.69M | 53.05M | 41.53M | 32.18M | 5.17M | 14.31M | 26.35M | 10.47M | 17.34M | -37.07M | 6.82M | -5.81M | 6.02M | 43.53M | 27.79M | 17.25M | 8.39M | 20.96M | 28.26M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.47 | 0.48 | 0.50 | 0.40 | 0.31 | 0.05 | 0.14 | 0.25 | 0.10 | 0.17 | -0.36 | 0.07 | -0.06 | 0.06 | 0.42 | 0.27 | 0.17 | 0.08 | 0.19 | 0.26 |
| EPS Growth % | 51.61% | 871.66% | 257.14% | 60% | 210% | -70.94% | 138.89% | 284.02% | 276.06% | 194.63% | -185.71% | -75.89% | -133.41% | -27.88% | 121.05% | 3.85% | 668.56% | -76.47% | 148.72% | -85.47% |
| EPS (Basic) | 0.48 | 0.49 | 0.51 | 0.41 | 0.32 | 0.05 | 0.14 | 0.26 | 0.10 | 0.17 | -0.36 | 0.07 | -0.06 | 0.06 | 0.43 | 0.27 | 0.17 | 0.08 | 0.20 | 0.26 |
| Diluted Shares Outstanding | 107.08M | 106.6M | 105.81M | 104.87M | 104.53M | 104.58M | 103.83M | 103.89M | 104.1M | 104.3M | 103.51M | 104.82M | 102.38M | 104.22M | 103.72M | 103.22M | 104.3M | 105.77M | 108.34M | 109.8M |
| Basic Shares Outstanding | 103.83M | 103.35M | 103.32M | 101.86M | 101.87M | 101.98M | 101.96M | 101.23M | 101.95M | 102.33M | 103.51M | 102.76M | 102.38M | 102.22M | 102.2M | 101.27M | 102.61M | 104.19M | 107.1M | 107.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |