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TTM TECHNOLOGIES INC

TTMI Clue Score64
United States Fiscal year ends December CIK 0001116942
$121.01 +2.99% Close, 9 Oct 2026
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Price $121.01 +802.39% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,533.4Operating income173.5Net income34.9EPS, diluted0.34Fiscal year 2018Revenue2,658.6 +4.9%Operating income212.8Net income124.2 +256.3%EPS, diluted1.04 +205.9%Fiscal year 2018Revenue2,237.7 −15.8%Operating income119.0Net income173.6 +39.7%EPS, diluted1.38 +32.7%Fiscal year 2019Revenue2,133.2 −4.7%Operating income109.6Net income41.3 −76.2%EPS, diluted0.39 −71.7%Fiscal year 2020Revenue2,105.3 −1.3%Operating income28.1Net income177.5 +329.9%EPS, diluted1.67 +328.2%Fiscal year 2022Revenue2,248.7 +6.8%Operating income126.0Net income54.4 −69.4%EPS, diluted0.50 −70.1%Fiscal year 2023Revenue2,495.0 +11.0%Operating income210.4Net income94.6 +73.8%EPS, diluted0.91 +82.0%Fiscal year 2024Revenue2,232.6 −10.5%Operating income42.3Net income−18.7 −119.8%EPS, diluted−0.18 −119.8%Fiscal year 2024Revenue2,442.8 +9.4%Operating income116.0Net income56.3EPS, diluted0.54Fiscal year 2025Revenue2,906.3 +19.0%Operating income264.7Net income177.4 +215.2%EPS, diluted1.68 +211.1%
FY2017FY2018FY2018FY2019FY2020FY2022FY2023FY2024FY2024FY2025
Revenue 2,533.4 2,658.6 2,237.7 2,133.2 2,105.3 2,248.7 2,495.0 2,232.6 2,442.8 2,906.3
Growth +4.9% −15.8% −4.7% −1.3% +6.8% +11.0% −10.5% +9.4% +19.0%
Operating income 173.5 212.8 119.0 109.6 28.1 126.0 210.4 42.3 116.0 264.7
Net income 34.9 124.2 173.6 41.3 177.5 54.4 94.6 −18.7 56.3 177.4
Growth +256.3% +39.7% −76.2% +329.9% −69.4% +73.8% −119.8% +215.2%
EPS, diluted 0.34 1.04 1.38 0.39 1.67 0.50 0.91 −0.18 0.54 1.68
Growth +205.9% +32.7% −71.7% +328.2% −70.1% +82.0% −119.8% +211.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin16.7%Operating margin6.8%Net margin1.4%Free cash flow margin8.4%Fiscal year 2018Gross margin16.2%Operating margin8.0%Net margin4.7%Free cash flow margin6.8%Fiscal year 2018Gross margin18.0%Operating margin5.3%Net margin7.8%Free cash flow margin5.5%Fiscal year 2019Gross margin17.7%Operating margin5.1%Net margin1.9%Free cash flow margin7.9%Fiscal year 2020Gross margin17.1%Operating margin1.3%Net margin8.4%Free cash flow margin8.7%Fiscal year 2022Gross margin16.5%Operating margin5.6%Net margin2.4%Free cash flow margin4.2%Fiscal year 2023Gross margin18.4%Operating margin8.4%Net margin3.8%Free cash flow margin6.8%Fiscal year 2024Gross margin18.5%Operating margin1.9%Net margin−0.8%Free cash flow margin1.2%Fiscal year 2024Gross margin19.5%Operating margin4.8%Net margin2.3%Free cash flow margin2.1%Fiscal year 2025Gross margin20.7%Operating margin9.1%Net margin6.1%Free cash flow margin−0.0%
FY2017FY2018FY2018FY2019FY2020FY2022FY2023FY2024FY2024FY2025
Gross margin 16.7% 16.2% 18.0% 17.7% 17.1% 16.5% 18.4% 18.5% 19.5% 20.7%
Operating margin 6.8% 8.0% 5.3% 5.1% 1.3% 5.6% 8.4% 1.9% 4.8% 9.1%
Net margin 1.4% 4.7% 7.8% 1.9% 8.4% 2.4% 3.8% −0.8% 2.3% 6.1%
Free cash flow margin 8.4% 6.8% 5.5% 7.9% 8.7% 4.2% 6.8% 1.2% 2.1% −0.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow298.3Capital expenditure−85.1Free cash flow213.2Fiscal year 2018Operating cash flow332.8Capital expenditure−151.3Free cash flow181.4 −14.9%Fiscal year 2018Operating cash flow273.1Capital expenditure−150.1Free cash flow123.0 −32.2%Fiscal year 2019Operating cash flow311.9Capital expenditure−142.6Free cash flow169.4 +37.7%Fiscal year 2020Operating cash flow287.2Capital expenditure−103.3Free cash flow183.9 +8.6%Fiscal year 2022Operating cash flow176.6Capital expenditure−82.0Free cash flow94.7 −48.5%Buybacks−64.7Fiscal year 2023Operating cash flow272.9Capital expenditure−102.9Free cash flow170.0 +79.5%Buybacks−35.4Fiscal year 2024Operating cash flow187.3Capital expenditure−160.2Free cash flow27.0 −84.1%Buybacks−24.4Fiscal year 2024Operating cash flow236.9Capital expenditure−185.7Free cash flow51.2 +89.2%Buybacks−34.5Fiscal year 2025Operating cash flow291.9Capital expenditure−292.6Free cash flow−0.7 −101.3%Buybacks−17.9
FY2017FY2018FY2018FY2019FY2020FY2022FY2023FY2024FY2024FY2025
Operating cash flow 298.3 332.8 273.1 311.9 287.2 176.6 272.9 187.3 236.9 291.9
Capital expenditure −85.1 −151.3 −150.1 −142.6 −103.3 −82.0 −102.9 −160.2 −185.7 −292.6
Free cash flow 213.2 181.4 123.0 169.4 183.9 94.7 170.0 27.0 51.2 −0.7
Growth −14.9% −32.2% +37.7% +8.6% −48.5% +79.5% −84.1% +89.2% −101.3%
Buybacks n/a n/a n/a n/a n/a −64.7 −35.4 −24.4 −34.5 −17.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash256.3Total debt909.0Net cash (debt)−652.8Shareholders’ equity820.8Debt to equity1.11Fiscal year 2018Cash409.3Total debt975.5Net cash (debt)−566.2Shareholders’ equity1,011.4Debt to equity0.96Fiscal year 2018Cash256.4Total debt1,462.4Net cash (debt)−1,206.1Shareholders’ equity1,227.1Debt to equity1.19Fiscal year 2019Cash379.8Total debt1,226.0Net cash (debt)−846.1Shareholders’ equity1,279.0Debt to equity0.96Fiscal year 2020Cash451.6Total debt842.9Net cash (debt)−391.3Shareholders’ equity1,444.0Debt to equity0.58Fiscal year 2022Cash537.7Total debt927.8Net cash (debt)−390.1Shareholders’ equity1,455.4Debt to equity0.64Fiscal year 2023Cash402.7Total debt879.4Net cash (debt)−476.7Shareholders’ equity1,535.6Debt to equity0.57Fiscal year 2024Cash450.2Total debt917.8Net cash (debt)−467.6Shareholders’ equity1,511.0Debt to equity0.61Fiscal year 2024Cash503.9Total debt918.2Net cash (debt)−414.2Shareholders’ equity1,563.8Debt to equity0.59Fiscal year 2025Cash501.2Total debt916.2Net cash (debt)−414.9Shareholders’ equity1,762.3Debt to equity0.52
FY2017FY2018FY2018FY2019FY2020FY2022FY2023FY2024FY2024FY2025
Cash 256.3 409.3 256.4 379.8 451.6 537.7 402.7 450.2 503.9 501.2
Total debt 909.0 975.5 1,462.4 1,226.0 842.9 927.8 879.4 917.8 918.2 916.2
Net cash (debt) −652.8 −566.2 −1,206.1 −846.1 −391.3 −390.1 −476.7 −467.6 −414.2 −414.9
Shareholders’ equity 820.8 1,011.4 1,227.1 1,279.0 1,444.0 1,455.4 1,535.6 1,511.0 1,563.8 1,762.3
Debt to equity 1.11 0.96 1.19 0.96 0.58 0.64 0.57 0.61 0.59 0.52

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 2 Jan 2017 FY2018 1 Jan 2018 FY2018 31 Dec 2018 FY2019 30 Dec 2019 FY2020 28 Dec 2020 FY2022 3 Jan 2022 FY2023 2 Jan 2023 FY2024 1 Jan 2024 FY2024 30 Dec 2024 FY2025 29 Dec 2025
Revenue and profit
2,533.4 2,658.6 2,237.7 2,133.2 2,105.3 2,248.7 2,495.0 2,232.6 2,442.8 2,906.3
Growth +4.9% −15.8% −4.7% −1.3% +6.8% +11.0% −10.5% +9.4% +19.0%
2,109.7 2,229.0 1,835.1 1,756.0 1,746.3 1,876.7 2,037.1 1,819.3 1,965.4 2,304.7
423.6 429.6 402.7 377.2 359.0 372.0 458.0 413.3 477.4 601.7
Growth +1.4% −6.3% −6.3% −4.8% +3.6% +23.1% −9.8% +15.5% +26.0%
n/a n/a 13.7 17.9 19.8 18.1 24.8 27.3 31.8 29.0
147.2 126.1 138.3 129.3 122.5 124.9 158.2 149.6 170.1 192.1
173.5 212.8 119.0 109.6 28.1 126.0 210.4 42.3 116.0 264.7
Growth +22.7% −44.1% −7.9% −74.4% +348.5% +67.0% −79.9% +174.2% +128.1%
67.0 140.0 47.2 34.3 −46.3 70.1 182.9 0.3 83.9 210.3
31.4 15.2 −88.2 2.4 −29.9 15.6 88.3 19.0 27.7 32.9
34.9 124.2 173.6 41.3 177.5 54.4 94.6 −18.7 56.3 177.4
Growth +256.3% +39.7% −76.2% +329.9% −69.4% +73.8% −119.8% +215.2%
Per share
0.35 1.22 1.68 0.39 1.67 0.51 0.93 −0.18 0.55 1.73
0.34 1.04 1.38 0.39 1.67 0.50 0.91 −0.18 0.54 1.68
Growth +205.9% +32.7% −71.7% +328.2% −70.1% +82.0% −119.8% +211.1%
100.1 101.6 103.4 105.2 106.4 106.3 102.1 102.7 101.8 102.6
101.5 132.5 134.0 106.3 106.4 108.2 103.9 102.7 104.1 105.5
Growth +30.5% +1.2% −20.7% +0.0% +1.7% −4.0% −1.1% +1.3% +1.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.7% a year over five years, and earnings per share grew 0.1% a year.
  • The share count barely moved in five years.
  • Operating margin is up 7.8 points on five years ago, at 9.1%.
  • A net loss in 1 of 10 years on file.