Ultra Clean Holdings (UCTT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ultra Clean Holdings

NasdaqGS•Technology•Semiconductor Equipment & Materials

$66.53+0.87(0.01%)Pre-market

Market Cap

$3.05B

P/S

1.4x

P/B

4.8x

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.

How this company scores

AverageMetricSide Score: 52/100

Strongest: Balance Sheet & Red Flags (18/25); weakest: Cash & Earnings Quality (4/25).

Profitability17/25

Growth13/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality4/25

Strengths

Long cash runwayInterest easily coveredProfit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.2x5y range 0.0x – 70.6x

Currently above its 11-quarter median.

P/S · 1.4x5y range 0.0x – 1.9x

Currently above its 19-quarter median.

P/B · 4.8x5y range 0.0x – 4.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $3.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.20B
Q. Revenue: $644.90M
TTM EBITDA: $135.50M
TTM Op. Income: $62.40M
Q. Op. Income: $29.50M
TTM Net Income: $-23.40M
Q. Net Income: $8.70M
EPS: $0.19
Shares Out.: $45.10M

$2.20B in TTM revenue grew 2.5% YoY, reaching $644.90M last quarter. TTM EBITDA of $135.50M and TTM operating income of $62.40M show growth is flowing through to the bottom line. However, net income is negative at $23.40M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 16.1%
EBITDA Margin: 6.5%
Op. Margin: 4.6%
Net Margin: 1.3%

Op. margin of 4.6% is up 31.9% YoY — cost efficiency is improving. Net margin at 1.3% and gross margin of 16.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 117% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.4x
P/B Ratio: 4.8x

P/S of 1.4x and P/B of 4.8x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.92B
Cash: $255.90M
Long-Term Debt: $599.40M
Book Value: $639.80M
D/E Ratio: 0.9
Debt/EBITDA: 14.3

With $1.92B in assets and $599.40M in long-term debt, D/E is 0.9and book value is $639.80M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-41.10M
TTM Free Cash Flow: $-113.10M
FCF Margin: -5.2%
FCF / Net Income: 4.8

TTM FCF of $-113.10M on $-41.10M in operating cash flow. The FCF / Net Income ratio of 4.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.