Ultra Clean Holdings, Inc. (UCTT) Financial Ratios
24 years of historical data (2002–2025) · Technology · Semiconductors
EV/EBITDA
↑
50.26
↑+285% vs avg
5yr avg: 13.05
30Y Low4.5·High23.5
P/FCF
↑
375.31
↑+22% vs avg
5yr avg: 306.39
30Y Low4.8·High134.7
P/B Ratio
↓
7.01
↑+271% vs avg
5yr avg: 1.89
30Y Low0.6·High2.9
ROE
↓
-21.1%
↑-11512% vs avg
5yr avg: -0.2%
30Y Low-50%·High29%
Debt/EBITDA
↑
6.77
↑+47% vs avg
5yr avg: 4.61
30Y Low0.0·High8.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UCTT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ultra Clean Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 375.3x P/FCF, 22% above the 5-year average of 306.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.5B | $1.2B | $1.7B | $1.5B | $1.5B | $2.5B | $1.3B | $927M | $330M | $792M | $322M |
| Enterprise Value | $6.0B | $1.7B | $2.0B | $1.9B | $1.8B | $2.7B | $1.4B | $1.1B | $527M | $776M | $337M |
| P/E Ratio → | -30.32 | — | 70.25 | — | 37.67 | 21.32 | 16.48 | — | 9.01 | 10.54 | 32.33 |
| P/S Ratio | 2.69 | 0.57 | 0.79 | 0.88 | 0.64 | 1.21 | 0.92 | 0.87 | 0.30 | 0.86 | 0.57 |
| P/B Ratio | 7.01 | 1.50 | 1.77 | 1.70 | 1.62 | 2.85 | 2.32 | 2.05 | 0.73 | 2.64 | 1.49 |
| P/FCF | 375.31 | 80.25 | 1103.21 | 25.39 | — | 16.72 | 21.04 | 9.79 | 20.74 | 24.18 | 31.22 |
| P/OCF | 84.88 | 18.15 | 25.46 | 11.23 | 32.10 | 12.04 | 13.16 | 7.66 | 7.26 | 16.20 | 18.29 |
P/E links to full P/E history page with 30-year chart
UCTT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ultra Clean Holdings, Inc.'s enterprise value stands at 50.3x EBITDA, 285% above its 5-year average of 13.1x. The Technology sector median is 16.7x, placing the stock at a 200% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.82 | 0.95 | 1.07 | 0.74 | 1.29 | 1.00 | 1.03 | 0.48 | 0.84 | 0.60 |
| EV / EBITDA | 50.26 | 14.02 | 11.96 | 19.18 | 9.36 | 10.73 | 8.38 | 15.37 | 6.44 | 7.75 | 9.87 |
| EV / EBIT | 137.66 | — | 17.60 | 49.57 | 14.46 | 14.62 | 11.46 | 39.38 | 8.68 | 8.68 | 15.04 |
| EV / FCF | — | 114.16 | 1334.14 | 30.93 | — | 17.83 | 22.87 | 11.61 | 33.14 | 23.69 | 32.71 |
UCTT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ultra Clean Holdings, Inc. earns an operating margin of 2.1%. A negative ROE of -21.1% indicates the company is currently destroying shareholder equity. ROIC of 2.6% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7% | 15.7% | 17.0% | 16.0% | 19.6% | 20.5% | 20.9% | 18.5% | 16.0% | 18.1% | 15.4% |
| Operating Margin | 2.1% | 2.1% | 4.3% | 2.0% | 5.1% | 8.8% | 8.7% | 2.8% | 5.5% | 9.7% | 4.0% |
| Net Profit Margin | -8.8% | -8.8% | 1.1% | -1.8% | 1.7% | 5.7% | 5.5% | -0.9% | 3.3% | 8.1% | 1.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.1% | -21.1% | 2.6% | -3.4% | 4.4% | 16.6% | 15.5% | -2.1% | 9.7% | 29.1% | 4.8% |
| ROA | -9.9% | -9.9% | 1.3% | -1.6% | 2.0% | 7.6% | 7.3% | -0.9% | 4.8% | 16.0% | 2.8% |
| ROIC | 2.6% | 2.6% | 5.4% | 2.2% | 8.0% | 16.2% | 14.1% | 3.5% | 9.8% | 26.0% | 7.3% |
| ROCE | 2.9% | 2.9% | 5.8% | 2.2% | 7.7% | 15.1% | 14.2% | 3.7% | 10.3% | 28.1% | 8.1% |
UCTT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ultra Clean Holdings, Inc. carries a Debt/EBITDA ratio of 6.8x, which is highly leveraged (130% above the sector average of 2.9x). Net debt stands at $499M ($810M total debt minus $312M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.03 | 1.03 | 0.71 | 0.71 | 0.65 | 0.71 | 0.57 | 0.74 | 0.76 | 0.17 | 0.31 |
| Debt / EBITDA | 6.77 | 6.77 | 3.95 | 6.60 | 3.24 | 2.51 | 1.88 | 4.67 | 4.17 | 0.52 | 1.99 |
| Net Debt / Equity | — | 0.64 | 0.37 | 0.37 | 0.27 | 0.19 | 0.20 | 0.38 | 0.44 | -0.05 | 0.07 |
| Net Debt / EBITDA | 4.16 | 4.16 | 2.07 | 3.44 | 1.34 | 0.67 | 0.67 | 2.40 | 2.41 | -0.16 | 0.45 |
| Debt / FCF | — | 33.91 | 230.93 | 5.54 | — | 1.11 | 1.83 | 1.81 | 12.40 | -0.49 | 1.48 |
| Interest Coverage | -2.80 | -2.80 | 2.45 | 0.77 | 3.60 | 7.68 | 7.20 | 1.09 | 6.07 | 40.64 | — |
UCTT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ultra Clean Holdings, Inc.'s current ratio of 3.19x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.89x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.88x to 3.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.19 | 3.19 | 2.89 | 2.88 | 2.82 | 2.42 | 2.71 | 2.22 | 3.23 | 1.99 | 2.35 |
| Quick Ratio | 1.89 | 1.89 | 1.76 | 1.67 | 1.68 | 1.62 | 1.81 | 1.40 | 1.92 | 0.84 | 1.32 |
| Cash Ratio | 1.04 | 1.04 | 0.94 | 0.99 | 0.92 | 0.99 | 1.00 | 0.77 | 1.01 | 0.34 | 0.52 |
| Asset Turnover | — | 1.19 | 1.09 | 0.93 | 1.21 | 1.04 | 1.27 | 1.05 | 1.14 | 1.66 | 1.48 |
| Inventory Turnover | 4.43 | 4.43 | 4.57 | 3.89 | 4.30 | 4.41 | 6.14 | 5.04 | 4.95 | 3.26 | 4.58 |
| Days Sales Outstanding | — | 37.10 | 41.95 | 38.05 | 39.00 | 43.44 | 37.97 | 38.58 | 35.62 | 35.62 | 48.43 |
UCTT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ultra Clean Holdings, Inc. returns 0.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.0% | 0.0% | 0.0% | — | — | 0.1% | — | — | — |
| Payout Ratio | — | — | 2.1% | — | 0.7% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.4% | — | 2.7% | 4.7% | 6.1% | — | 11.1% | 9.5% | 3.1% |
| FCF Yield | 0.3% | 1.2% | 0.1% | 3.9% | — | 6.0% | 4.8% | 10.2% | 4.8% | 4.1% | 3.2% |
| Buyback Yield | 0.1% | 0.3% | 0.0% | 1.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.3% | 0.0% | 1.9% | 0.8% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $45M | $45M | $45M | $46M | $44M | $41M | $40M | $39M | $34M | $33M |
Peer Comparison
Compare UCTT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 UCTTYou | $6B | -30.3 | 50.3 | 375.3 | 15.7% | 2.1% | -21.1% | 2.6% | 6.8 |
 ICHR | $3B | -64.0 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
 MKSI | $27B | 93.0 | 34.5 | 55.0 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 AZTA | $1B | -19.1 | 18.1 | 28.0 | 45.5% | -1.9% | -3.2% | -0.5% | 2.2 |
 ENTG | $27B | 115.3 | 23.4 | 68.7 | 44.4% | 28.9% | 6.2% | 9.3% | 3.0 |
 CAMT | $9B | 187.7 | 72.4 | 70.2 | 50.5% | 25.8% | 8.7% | 12.1% | 4.1 |
 ONTO | $17B | 120.1 | 84.2 | 55.4 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 ACMR | $7B | 80.2 | 54.2 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
 FORM | $12B | 216.7 | 104.4 | 993.0 | 39.1% | 8.2% | 5.5% | 5.4% | 0.4 |
 AMAT | $490B | 71.3 | 58.3 | 86.0 | 48.7% | 29.2% | 35.5% | 32.9% | 0.8 |
 LRCX | $486B | 93.7 | 77.0 | 89.7 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
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UCTT — Frequently Asked Questions
Quick answers to the most common questions about buying UCTT stock.
What is Ultra Clean Holdings, Inc.'s P/E ratio?
Ultra Clean Holdings, Inc.'s current P/E ratio is -30.3x. The historical average is 24.6x.
What is Ultra Clean Holdings, Inc.'s EV/EBITDA?
Ultra Clean Holdings, Inc.'s current EV/EBITDA is 50.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
What is Ultra Clean Holdings, Inc.'s ROE?
Ultra Clean Holdings, Inc.'s return on equity (ROE) is -21.1%. The historical average is 3.3%.
Is UCTT stock overvalued?
Based on historical data, Ultra Clean Holdings, Inc. is trading at a P/E of -30.3x. Compare with industry peers and growth rates for a complete picture.
What are Ultra Clean Holdings, Inc.'s profit margins?
Ultra Clean Holdings, Inc. has 15.7% gross margin and 2.1% operating margin.
How much debt does Ultra Clean Holdings, Inc. have?
Ultra Clean Holdings, Inc.'s Debt/EBITDA ratio is 6.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.